Can I retire at age 50 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$48,309$47,878$47,459$47,049$46,649$46,028
2 years$23,915$23,470$23,038$22,620$22,214$21,589
3 years$15,785$15,338$14,907$14,493$14,093$13,484
4 years$11,721$11,275$10,849$10,441$10,051$9,463
5 years$9,283$8,840$8,419$8,020$7,641$7,075
6 years$7,658$7,218$6,804$6,413$6,046$5,503
7 years$6,498$6,062$5,654$5,273$4,917$4,397
8 years$5,628$5,196$4,795$4,423$4,079$3,582
9 years$4,952$4,524$4,130$3,768$3,435$2,961
10 years$4,412$3,988$3,601$3,248$2,927$2,475
11 years$3,970$3,550$3,170$2,827$2,517$2,087
12 years$3,602$3,186$2,813$2,479$2,181$1,773
13 years$3,291$2,880$2,513$2,189$1,902$1,514
14 years$3,024$2,617$2,258$1,943$1,668$1,300
15 years$2,793$2,391$2,039$1,733$1,468$1,120
16 years$2,592$2,194$1,849$1,552$1,298$969
17 years$2,414$2,020$1,682$1,394$1,151$840
18 years$2,256$1,867$1,536$1,256$1,023$731
19 years$2,115$1,730$1,406$1,135$912$636
20 years$1,988$1,608$1,290$1,028$814$555
21 years$1,874$1,498$1,187$933$729$486
22 years$1,770$1,398$1,094$848$653$425
23 years$1,675$1,308$1,010$773$586$372
24 years$1,588$1,225$934$705$527$327
25 years$1,508$1,150$865$644$474$287
26 years$1,435$1,080$802$588$427$252
27 years$1,367$1,017$745$539$385$221
28 years$1,304$958$693$493$348$195
29 years$1,245$904$644$453$314$171
30 years$1,191$854$600$415$284$151
31 years$1,140$807$560$381$256$133
32 years$1,092$764$522$351$232$117
33 years$1,048$723$488$322$210$103
34 years$1,006$685$456$297$190$91
35 years$966$650$426$273$172$80
36 years$929$617$398$251$156$71
37 years$894$586$373$232$141$62
38 years$861$557$349$214$128$55
39 years$830$530$327$197$116$49
40 years$800$504$307$182$105$43
41 years$772$480$288$168$96$38
42 years$745$457$270$155$87$33
43 years$719$435$253$143$79$30
44 years$695$415$238$132$71$26
45 years$672$396$223$122$65$23
46 years$650$377$210$112$59$20
47 years$629$360$197$104$53$18
48 years$609$344$185$96$49$16
49 years$590$328$174$89$44$14
50 years$571$314$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 $585,000, adding $6,791 every year, while hoping to spend $52,770 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: 73/11/16 Blend
49$585,000$585,000$585,000$585,000
50$651,675$620,670$611,602$696,403
51$661,999$594,936$575,944$701,224
52$671,607$566,172$537,323$699,398
53$680,371$534,175$495,583$696,010
54$688,148$498,728$450,564$690,891
55$694,776$459,603$402,095$683,860
56$700,078$416,558$350,000$674,714
57$703,856$369,339$294,095$663,236
58$705,889$317,676$234,186$649,185
59$705,931$261,285$170,074$632,298
60$703,711$199,863$101,546$612,286
61$698,927$133,093$28,385$588,834
62$691,243$60,640$0$561,596
63$680,288$0$0$538,675
64$665,649$0$0$519,057
65$646,870$0$0$503,432
66$623,445$0$0$484,054
67$594,815$0$0$460,472
68$560,359$0$0$432,185
69$519,393$0$0$398,644
70$471,156$0$0$359,235
71$414,812$0$0$313,285
72$349,432$0$0$260,046
73$273,991$0$0$198,693
74$187,355$0$0$128,314
75$88,274$0$0$47,902
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0