Can I retire at age 50 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$48,391$47,960$47,540$47,129$46,728$46,473
2 years$23,956$23,510$23,078$22,658$22,252$21,994
3 years$15,812$15,364$14,933$14,517$14,117$13,865
4 years$11,741$11,294$10,867$10,459$10,069$9,824
5 years$9,299$8,855$8,433$8,033$7,654$7,418
6 years$7,671$7,231$6,815$6,424$6,056$5,829
7 years$6,509$6,072$5,664$5,282$4,925$4,707
8 years$5,638$5,205$4,803$4,431$4,086$3,876
9 years$4,961$4,532$4,137$3,774$3,441$3,240
10 years$4,419$3,995$3,607$3,253$2,932$2,739
11 years$3,977$3,556$3,175$2,831$2,522$2,337
12 years$3,608$3,192$2,818$2,483$2,185$2,009
13 years$3,296$2,885$2,518$2,193$1,906$1,738
14 years$3,029$2,622$2,262$1,946$1,670$1,511
15 years$2,798$2,395$2,042$1,736$1,471$1,319
16 years$2,596$2,198$1,852$1,554$1,300$1,155
17 years$2,418$2,024$1,685$1,396$1,153$1,015
18 years$2,260$1,870$1,538$1,258$1,025$895
19 years$2,119$1,733$1,408$1,137$913$790
20 years$1,992$1,611$1,292$1,030$816$699
21 years$1,877$1,500$1,189$935$730$620
22 years$1,773$1,400$1,096$850$654$550
23 years$1,678$1,310$1,012$774$587$489
24 years$1,591$1,227$936$706$528$436
25 years$1,511$1,152$866$645$475$388
26 years$1,437$1,082$804$589$428$346
27 years$1,369$1,019$746$540$386$309
28 years$1,306$960$694$494$348$276
29 years$1,247$905$646$453$314$247
30 years$1,193$855$601$416$284$220
31 years$1,142$808$561$382$257$197
32 years$1,094$765$523$351$232$177
33 years$1,049$724$488$323$210$158
34 years$1,007$687$456$297$190$142
35 years$968$651$427$274$172$127
36 years$931$618$399$252$156$114
37 years$896$587$374$232$142$102
38 years$862$558$350$214$128$91
39 years$831$530$328$197$116$82
40 years$801$505$307$182$106$74
41 years$773$480$288$168$96$66
42 years$746$458$270$155$87$59
43 years$721$436$254$143$79$53
44 years$696$416$238$132$72$48
45 years$673$396$223$122$65$43
46 years$651$378$210$113$59$38
47 years$630$361$197$104$54$35
48 years$610$344$185$96$49$31
49 years$591$329$174$89$44$28
50 years$572$314$164$82$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $586,000, adding $6,126 every year, while hoping to spend $49,688 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: 47/46/7 Blend
49$586,000$586,000$586,000$586,000
50$652,091$621,033$611,950$681,229
51$665,737$598,596$579,583$679,438
52$679,109$573,394$544,466$671,784
53$692,127$545,240$506,455$662,316
54$704,701$513,934$465,398$650,881
55$716,731$479,266$421,139$637,314
56$728,101$441,015$373,511$621,438
57$738,687$398,944$322,343$603,060
58$748,347$352,806$267,456$581,975
59$756,923$302,338$208,660$557,961
60$764,240$247,263$145,760$530,779
61$770,101$187,288$78,552$500,173
62$774,289$122,103$6,821$465,864
63$776,562$51,381$0$427,553
64$776,651$0$0$390,126
65$774,256$0$0$361,676
66$769,047$0$0$357,738
67$760,654$0$0$352,113
68$748,670$0$0$344,587
69$732,642$0$0$334,926
70$712,068$0$0$322,867
71$686,394$0$0$308,122
72$655,005$0$0$290,372
73$617,220$0$0$269,262
74$572,287$0$0$244,400
75$519,371$0$0$215,355
76$457,552$0$0$181,647
77$385,812$0$0$142,747
78$303,025$0$0$98,070
79$207,945$0$0$46,970
80$99,199$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