Can I retire at age 50 with 693,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$57,227$56,718$56,220$55,735$55,261$54,752
2 years$28,330$27,803$27,291$26,796$26,315$25,802
3 years$18,699$18,169$17,659$17,168$16,695$16,195
4 years$13,885$13,356$12,851$12,369$11,907$11,423
5 years$10,997$10,472$9,973$9,500$9,052$8,584
6 years$9,072$8,551$8,060$7,598$7,162$6,713
7 years$7,698$7,181$6,698$6,246$5,825$5,394
8 years$6,668$6,155$5,680$5,240$4,832$4,419
9 years$5,867$5,359$4,892$4,463$4,069$3,674
10 years$5,226$4,724$4,265$3,847$3,467$3,090
11 years$4,703$4,206$3,755$3,348$2,982$2,622
12 years$4,267$3,775$3,333$2,937$2,584$2,241
13 years$3,898$3,411$2,977$2,593$2,253$1,927
14 years$3,583$3,101$2,675$2,302$1,975$1,665
15 years$3,309$2,833$2,415$2,053$1,739$1,445
16 years$3,070$2,599$2,190$1,838$1,537$1,258
17 years$2,860$2,393$1,993$1,651$1,363$1,099
18 years$2,673$2,212$1,819$1,488$1,212$962
19 years$2,506$2,050$1,665$1,345$1,080$844
20 years$2,355$1,905$1,528$1,218$965$742
21 years$2,220$1,774$1,406$1,105$863$654
22 years$2,096$1,656$1,296$1,005$774$577
23 years$1,984$1,549$1,196$915$695$509
24 years$1,881$1,451$1,106$835$624$450
25 years$1,787$1,362$1,025$762$562$398
26 years$1,700$1,280$950$697$506$353
27 years$1,619$1,205$882$638$456$312
28 years$1,545$1,135$820$585$412$277
29 years$1,475$1,071$763$536$372$246
30 years$1,411$1,011$711$492$336$218
31 years$1,350$956$663$452$304$194
32 years$1,294$905$619$415$275$172
33 years$1,241$857$578$382$249$153
34 years$1,191$812$540$351$225$136
35 years$1,145$770$505$323$204$121
36 years$1,101$731$472$298$185$108
37 years$1,059$694$442$274$167$96
38 years$1,020$660$414$253$152$85
39 years$983$627$388$233$138$76
40 years$947$597$363$215$125$68
41 years$914$568$341$198$113$60
42 years$882$541$320$183$103$54
43 years$852$516$300$169$93$48
44 years$823$491$281$156$85$42
45 years$796$469$264$144$77$38
46 years$770$447$248$133$70$34
47 years$745$427$233$123$63$30
48 years$721$407$219$114$58$27
49 years$698$389$206$105$52$24
50 years$677$372$194$97$47$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $693,000, adding $3,672 every year, while hoping to spend $47,980 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/33/22 Blend
49$693,000$693,000$693,000$693,000
50$767,474$730,745$720,003$796,996
51$794,706$715,501$693,073$802,908
52$823,107$697,902$663,632$804,318
53$852,747$677,782$631,547$804,872
54$883,699$654,965$596,676$804,512
55$916,043$629,265$558,871$803,182
56$949,866$600,486$517,980$800,821
57$985,261$568,418$473,841$797,367
58$1,022,329$532,842$426,286$792,756
59$1,061,181$493,525$375,140$786,922
60$1,101,934$450,221$320,220$779,797
61$1,144,718$402,669$261,335$771,311
62$1,189,673$350,593$198,283$761,394
63$1,236,952$293,705$130,858$749,973
64$1,286,720$231,695$58,841$736,974
65$1,339,158$164,241$0$722,324
66$1,394,462$90,998$0$710,177
67$1,452,847$11,607$0$711,242
68$1,514,545$0$0$711,677
69$1,579,812$0$0$738,455
70$1,648,926$0$0$771,312
71$1,722,191$0$0$806,183
72$1,799,939$0$0$843,230
73$1,882,533$0$0$882,634
74$1,970,369$0$0$924,588
75$2,063,884$0$0$969,308
76$2,163,552$0$0$1,017,027
77$2,269,894$0$0$1,068,001
78$2,383,481$0$0$1,122,514
79$2,504,939$0$0$1,180,872
80$2,634,953$0$0$1,243,414
81$2,774,277$0$0$1,310,512
82$2,923,733$0$0$1,382,572
83$3,084,229$0$0$1,460,042
84$3,256,756$0$0$1,543,411
85$3,442,406$0$0$1,633,219
86$3,642,377$0$0$1,730,058
87$3,857,983$0$0$1,834,577
88$4,090,670$0$0$1,947,490
89$4,342,025$0$0$2,069,583
90$4,613,792$0$0$2,201,718
91$4,907,890$0$0$2,344,844
92$5,226,425$0$0$2,500,003
93$5,571,716$0$0$2,668,341
94$5,946,310$0$0$2,851,121
95$6,353,011$0$0$3,049,728
96$6,794,901$0$0$3,265,688
97$7,275,371$0$0$3,500,680
98$7,798,152$0$0$3,756,551
99$8,367,348$0$0$4,035,333
100$8,987,477$0$0$4,339,262