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%14.7%
1 years$48,309$47,878$47,459$47,049$46,649$45,744
2 years$23,915$23,470$23,038$22,620$22,214$21,306
3 years$15,785$15,338$14,907$14,493$14,093$13,211
4 years$11,721$11,275$10,849$10,441$10,051$9,201
5 years$9,283$8,840$8,419$8,020$7,641$6,825
6 years$7,658$7,218$6,804$6,413$6,046$5,265
7 years$6,498$6,062$5,654$5,273$4,917$4,172
8 years$5,628$5,196$4,795$4,423$4,079$3,369
9 years$4,952$4,524$4,130$3,768$3,435$2,760
10 years$4,412$3,988$3,601$3,248$2,927$2,286
11 years$3,970$3,550$3,170$2,827$2,517$1,910
12 years$3,602$3,186$2,813$2,479$2,181$1,607
13 years$3,291$2,880$2,513$2,189$1,902$1,359
14 years$3,024$2,617$2,258$1,943$1,668$1,155
15 years$2,793$2,391$2,039$1,733$1,468$985
16 years$2,592$2,194$1,849$1,552$1,298$843
17 years$2,414$2,020$1,682$1,394$1,151$724
18 years$2,256$1,867$1,536$1,256$1,023$622
19 years$2,115$1,730$1,406$1,135$912$536
20 years$1,988$1,608$1,290$1,028$814$463
21 years$1,874$1,498$1,187$933$729$400
22 years$1,770$1,398$1,094$848$653$346
23 years$1,675$1,308$1,010$773$586$300
24 years$1,588$1,225$934$705$527$260
25 years$1,508$1,150$865$644$474$225
26 years$1,435$1,080$802$588$427$196
27 years$1,367$1,017$745$539$385$170
28 years$1,304$958$693$493$348$148
29 years$1,245$904$644$453$314$128
30 years$1,191$854$600$415$284$112
31 years$1,140$807$560$381$256$97
32 years$1,092$764$522$351$232$85
33 years$1,048$723$488$322$210$74
34 years$1,006$685$456$297$190$64
35 years$966$650$426$273$172$56
36 years$929$617$398$251$156$49
37 years$894$586$373$232$141$42
38 years$861$557$349$214$128$37
39 years$830$530$327$197$116$32
40 years$800$504$307$182$105$28
41 years$772$480$288$168$96$24
42 years$745$457$270$155$87$21
43 years$719$435$253$143$79$19
44 years$695$415$238$132$71$16
45 years$672$396$223$122$65$14
46 years$650$377$210$112$59$12
47 years$629$360$197$104$53$11
48 years$609$344$185$96$49$9
49 years$590$328$174$89$44$8
50 years$571$314$163$82$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $585,000, adding $6,725 every year, while hoping to spend $23,624 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: 66/13/21 Blend
49$585,000$585,000$585,000$585,000
50$651,607$620,602$611,534$690,723
51$692,935$625,876$606,885$723,080
52$737,687$630,616$601,288$755,125
53$786,187$634,772$594,687$789,600
54$838,791$638,289$587,022$826,744
55$895,892$641,110$578,232$866,822
56$957,921$643,172$568,251$910,124
57$1,025,352$644,411$557,010$956,972
58$1,098,708$644,756$544,440$1,007,721
59$1,178,562$644,135$530,465$1,062,762
60$1,265,546$642,469$515,006$1,122,528
61$1,360,357$639,675$497,984$1,187,494
62$1,463,758$635,664$479,311$1,258,187
63$1,576,592$630,342$458,899$1,335,188
64$1,699,787$623,611$436,654$1,419,137
65$1,834,363$615,366$412,480$1,510,741
66$1,981,443$605,494$386,273$1,610,780
67$2,142,264$593,877$357,927$1,720,114
68$2,318,189$580,391$327,331$1,839,693
69$2,510,717$564,902$294,369$1,970,565
70$2,721,498$547,271$258,919$2,113,884
71$2,952,352$527,349$220,855$2,270,926
72$3,205,281$504,978$180,042$2,443,096
73$3,482,490$479,992$136,344$2,631,947
74$3,786,408$452,216$89,615$2,839,190
75$4,119,710$421,462$39,706$3,066,711
76$4,485,342$387,535$0$3,316,594
77$4,886,549$350,227$0$3,594,171
78$5,326,906$309,317$0$3,908,631
79$5,810,350$264,573$0$4,253,898
80$6,341,218$215,749$0$4,633,094
81$6,924,288$162,587$0$5,049,658
82$7,564,825$104,813$0$5,507,380
83$8,268,625$42,137$0$6,010,439
84$9,042,076$0$0$6,563,437
85$9,892,216$0$0$7,175,132
86$10,826,798$0$0$7,854,253
87$11,854,363$0$0$8,600,982
88$12,984,321$0$0$9,422,164
89$14,227,040$0$0$10,325,338
90$15,593,944$0$0$11,318,813
91$17,097,618$0$0$12,411,741
92$18,751,929$0$0$13,614,208
93$20,572,156$0$0$14,937,326
94$22,575,134$0$0$16,393,337
95$24,779,410$0$0$17,995,732
96$27,205,424$0$0$19,759,375
97$29,875,694$0$0$21,700,645
98$32,815,034$0$0$23,837,586
99$36,050,785$0$0$26,190,086
100$39,613,075$0$0$28,780,053