Can I retire at age 50 with 585,000?

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 $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%12.2%
1 years$48,309$47,878$47,459$47,049$46,649$46,219
2 years$23,915$23,470$23,038$22,620$22,214$21,781
3 years$15,785$15,338$14,907$14,493$14,093$13,671
4 years$11,721$11,275$10,849$10,441$10,051$9,642
5 years$9,283$8,840$8,419$8,020$7,641$7,247
6 years$7,658$7,218$6,804$6,413$6,046$5,667
7 years$6,498$6,062$5,654$5,273$4,917$4,553
8 years$5,628$5,196$4,795$4,423$4,079$3,730
9 years$4,952$4,524$4,130$3,768$3,435$3,102
10 years$4,412$3,988$3,601$3,248$2,927$2,608
11 years$3,970$3,550$3,170$2,827$2,517$2,213
12 years$3,602$3,186$2,813$2,479$2,181$1,892
13 years$3,291$2,880$2,513$2,189$1,902$1,627
14 years$3,024$2,617$2,258$1,943$1,668$1,406
15 years$2,793$2,391$2,039$1,733$1,468$1,220
16 years$2,592$2,194$1,849$1,552$1,298$1,062
17 years$2,414$2,020$1,682$1,394$1,151$928
18 years$2,256$1,867$1,536$1,256$1,023$812
19 years$2,115$1,730$1,406$1,135$912$713
20 years$1,988$1,608$1,290$1,028$814$627
21 years$1,874$1,498$1,187$933$729$552
22 years$1,770$1,398$1,094$848$653$487
23 years$1,675$1,308$1,010$773$586$430
24 years$1,588$1,225$934$705$527$380
25 years$1,508$1,150$865$644$474$336
26 years$1,435$1,080$802$588$427$298
27 years$1,367$1,017$745$539$385$264
28 years$1,304$958$693$493$348$234
29 years$1,245$904$644$453$314$208
30 years$1,191$854$600$415$284$184
31 years$1,140$807$560$381$256$164
32 years$1,092$764$522$351$232$145
33 years$1,048$723$488$322$210$129
34 years$1,006$685$456$297$190$115
35 years$966$650$426$273$172$102
36 years$929$617$398$251$156$91
37 years$894$586$373$232$141$81
38 years$861$557$349$214$128$72
39 years$830$530$327$197$116$64
40 years$800$504$307$182$105$57
41 years$772$480$288$168$96$51
42 years$745$457$270$155$87$45
43 years$719$435$253$143$79$40
44 years$695$415$238$132$71$36
45 years$672$396$223$122$65$32
46 years$650$377$210$112$59$28
47 years$629$360$197$104$53$25
48 years$609$344$185$96$49$23
49 years$590$328$174$89$44$20
50 years$571$314$163$82$40$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $585,000, adding $3,833 every year, while hoping to spend $25,994 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: 60/29/11 Blend
49$585,000$585,000$585,000$585,000
50$648,624$617,619$608,551$685,626
51$687,126$620,225$601,280$713,550
52$728,684$622,087$592,895$740,711
53$773,583$623,142$583,329$769,702
54$822,134$623,322$572,517$800,703
55$874,681$622,554$560,385$833,910
56$931,602$620,763$546,862$869,542
57$993,311$617,866$531,868$907,839
58$1,060,266$613,778$515,322$949,067
59$1,132,967$608,407$497,139$993,522
60$1,211,967$601,657$477,231$1,041,529
61$1,297,874$593,424$455,504$1,093,447
62$1,391,355$583,600$431,861$1,149,674
63$1,493,145$572,068$406,201$1,210,649
64$1,604,055$558,708$378,417$1,276,860
65$1,724,973$543,390$348,399$1,348,841
66$1,856,880$525,975$316,030$1,427,187
67$2,000,854$506,321$281,189$1,512,553
68$2,158,083$484,272$243,751$1,605,662
69$2,329,872$459,667$203,582$1,707,314
70$2,517,662$432,333$160,545$1,818,393
71$2,723,036$402,090$114,495$1,939,875
72$2,947,738$368,745$65,283$2,072,838
73$3,193,689$332,095$12,752$2,218,471
74$3,463,003$291,925$0$2,378,090
75$3,758,009$248,009$0$2,558,229
76$4,081,272$200,108$0$2,757,335
77$4,435,616$147,967$0$2,975,700
78$4,824,152$91,320$0$3,215,300
79$5,250,306$29,885$0$3,478,314
80$5,717,851$0$0$3,767,146
81$6,230,944$0$0$4,096,141
82$6,794,164$0$0$4,467,794
83$7,412,554$0$0$4,875,901
84$8,091,669$0$0$5,324,136
85$8,837,629$0$0$5,816,543
86$9,657,177$0$0$6,357,581
87$10,557,738$0$0$6,952,158
88$11,547,497$0$0$7,605,685
89$12,635,465$0$0$8,324,120
90$13,831,576$0$0$9,114,029
91$15,146,770$0$0$9,982,646
92$16,593,101$0$0$10,937,939
93$18,183,851$0$0$11,988,690
94$19,933,652$0$0$13,144,573
95$21,858,627$0$0$14,416,247
96$23,976,540$0$0$15,815,455
97$26,306,962$0$0$17,355,138
98$28,871,458$0$0$19,049,554
99$31,693,791$0$0$20,914,413
100$34,800,141$0$0$22,967,023