Can I retire at age 50 with 584,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$48,226$47,797$47,377$46,968$46,569$45,930
2 years$23,874$23,430$22,999$22,581$22,176$21,533
3 years$15,758$15,312$14,882$14,468$14,069$13,443
4 years$11,701$11,256$10,830$10,423$10,034$9,429
5 years$9,267$8,825$8,405$8,006$7,628$7,046
6 years$7,645$7,206$6,792$6,403$6,036$5,477
7 years$6,487$6,052$5,644$5,264$4,909$4,374
8 years$5,619$5,187$4,787$4,416$4,072$3,561
9 years$4,944$4,516$4,123$3,761$3,429$2,942
10 years$4,404$3,981$3,594$3,242$2,922$2,457
11 years$3,963$3,544$3,164$2,822$2,513$2,071
12 years$3,596$3,181$2,808$2,475$2,178$1,758
13 years$3,285$2,875$2,509$2,185$1,899$1,501
14 years$3,019$2,613$2,254$1,940$1,665$1,288
15 years$2,789$2,387$2,035$1,730$1,466$1,109
16 years$2,587$2,190$1,845$1,549$1,295$958
17 years$2,410$2,017$1,679$1,392$1,149$831
18 years$2,252$1,864$1,533$1,254$1,021$722
19 years$2,111$1,727$1,403$1,133$910$628
20 years$1,985$1,605$1,288$1,026$813$548
21 years$1,870$1,495$1,185$931$728$478
22 years$1,767$1,396$1,092$847$652$418
23 years$1,672$1,305$1,008$771$585$366
24 years$1,585$1,223$932$703$526$321
25 years$1,506$1,148$864$642$474$282
26 years$1,432$1,079$801$587$427$247
27 years$1,364$1,015$744$538$385$217
28 years$1,302$957$691$493$347$191
29 years$1,243$902$643$452$313$168
30 years$1,189$852$599$415$283$148
31 years$1,138$806$559$381$256$130
32 years$1,090$762$521$350$232$114
33 years$1,046$722$487$322$210$101
34 years$1,004$684$455$296$190$89
35 years$965$649$425$273$172$78
36 years$928$616$398$251$156$69
37 years$893$585$372$231$141$61
38 years$859$556$349$213$128$54
39 years$828$529$327$197$116$47
40 years$798$503$306$181$105$42
41 years$770$479$287$167$95$37
42 years$744$456$269$154$87$32
43 years$718$434$253$143$79$29
44 years$694$414$237$132$71$25
45 years$671$395$223$122$65$22
46 years$649$377$209$112$59$20
47 years$628$360$197$104$53$17
48 years$608$343$185$96$49$15
49 years$589$328$174$89$44$13
50 years$570$313$163$82$40$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $584,000, adding $3,311 every year, while hoping to spend $36,465 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: 57/28/15 Blend
49$584,000$584,000$584,000$584,000
50$646,983$616,031$606,979$681,171
51$674,177$607,418$588,515$696,106
52$702,923$597,161$568,209$708,096
53$733,339$585,141$545,963$720,319
54$765,558$571,231$521,671$732,806
55$799,722$555,298$495,224$745,589
56$835,987$537,202$466,508$758,708
57$874,525$516,791$435,402$772,207
58$915,520$493,908$401,782$786,138
59$959,179$468,385$365,517$800,560
60$1,005,725$440,045$326,472$815,541
61$1,055,402$408,701$284,502$831,157
62$1,108,481$374,155$239,460$847,496
63$1,165,254$336,196$191,190$864,657
64$1,226,045$294,605$139,530$882,754
65$1,291,207$249,147$84,310$901,913
66$1,361,129$199,574$25,354$922,279
67$1,436,238$145,626$0$944,014
68$1,517,000$87,028$0$973,314
69$1,603,929$23,487$0$1,009,092
70$1,697,589$0$0$1,047,552
71$1,798,599$0$0$1,102,945
72$1,907,640$0$0$1,170,592
73$2,025,459$0$0$1,243,727
74$2,152,877$0$0$1,322,865
75$2,290,798$0$0$1,408,571
76$2,440,214$0$0$1,501,469
77$2,602,217$0$0$1,602,242
78$2,778,007$0$0$1,711,645
79$2,968,903$0$0$1,830,505
80$3,176,359$0$0$1,959,733
81$3,401,971$0$0$2,100,332
82$3,647,497$0$0$2,253,404
83$3,914,870$0$0$2,420,163
84$4,206,217$0$0$2,601,944
85$4,523,881$0$0$2,800,217
86$4,870,439$0$0$3,016,599
87$5,248,727$0$0$3,252,871
88$5,661,867$0$0$3,510,993
89$6,113,298$0$0$3,793,123
90$6,606,803$0$0$4,101,636
91$7,146,549$0$0$4,439,149
92$7,737,124$0$0$4,808,541
93$8,383,578$0$0$5,212,984
94$9,091,474$0$0$5,655,970
95$9,866,939$0$0$6,141,346
96$10,716,716$0$0$6,673,346
97$11,648,237$0$0$7,256,637
98$12,669,683$0$0$7,896,355
99$13,790,066$0$0$8,598,160
100$15,019,313$0$0$9,368,285