Can I retire at age 50 with 587,000?

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 $587,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$48,474$48,042$47,621$47,210$46,808$45,751
2 years$23,997$23,550$23,117$22,697$22,290$21,230
3 years$15,839$15,390$14,958$14,542$14,141$13,113
4 years$11,761$11,313$10,886$10,477$10,086$9,096
5 years$9,315$8,870$8,448$8,047$7,667$6,719
6 years$7,684$7,243$6,827$6,435$6,067$5,161
7 years$6,520$6,083$5,673$5,291$4,934$4,071
8 years$5,648$5,214$4,811$4,438$4,093$3,272
9 years$4,969$4,540$4,144$3,781$3,447$2,668
10 years$4,427$4,001$3,613$3,259$2,937$2,199
11 years$3,983$3,562$3,181$2,836$2,526$1,828
12 years$3,614$3,197$2,823$2,488$2,189$1,530
13 years$3,302$2,889$2,522$2,196$1,909$1,287
14 years$3,035$2,626$2,266$1,950$1,673$1,088
15 years$2,803$2,399$2,046$1,739$1,473$923
16 years$2,601$2,201$1,855$1,557$1,302$785
17 years$2,422$2,027$1,688$1,399$1,154$670
18 years$2,264$1,873$1,541$1,261$1,027$573
19 years$2,122$1,736$1,411$1,139$915$491
20 years$1,995$1,613$1,295$1,032$817$421
21 years$1,880$1,503$1,191$936$731$361
22 years$1,776$1,403$1,097$851$656$311
23 years$1,680$1,312$1,013$775$588$268
24 years$1,593$1,229$937$707$529$230
25 years$1,513$1,154$868$646$476$199
26 years$1,440$1,084$805$590$429$171
27 years$1,371$1,020$748$540$387$148
28 years$1,308$961$695$495$349$128
29 years$1,250$907$647$454$315$110
30 years$1,195$857$602$417$285$95
31 years$1,144$810$562$383$257$82
32 years$1,096$766$524$352$233$71
33 years$1,051$726$489$323$211$62
34 years$1,009$688$457$298$191$53
35 years$970$652$427$274$173$46
36 years$932$619$400$252$156$40
37 years$897$588$374$232$142$34
38 years$864$559$350$214$129$30
39 years$832$531$328$198$117$26
40 years$803$506$308$182$106$22
41 years$774$481$289$168$96$19
42 years$747$458$271$155$87$17
43 years$722$437$254$143$79$14
44 years$697$416$238$132$72$13
45 years$674$397$224$122$65$11
46 years$652$379$210$113$59$9
47 years$631$361$198$104$54$8
48 years$611$345$186$96$49$7
49 years$592$329$174$89$44$6
50 years$573$315$164$82$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $587,000, adding $4,917 every year, while hoping to spend $22,761 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: 48/41/11 Blend
49$587,000$587,000$587,000$587,000
50$651,946$620,835$611,736$681,045
51$694,227$627,038$608,012$707,784
52$740,058$632,783$603,400$734,029
53$789,776$638,022$597,847$762,007
54$843,754$642,706$591,296$791,888
55$902,401$646,782$583,688$823,859
56$966,166$650,195$574,962$858,127
57$1,035,545$652,884$565,052$894,920
58$1,111,081$654,786$553,892$934,492
59$1,193,374$655,833$541,410$977,122
60$1,283,083$655,954$527,532$1,023,120
61$1,380,934$655,072$512,181$1,072,828
62$1,487,726$653,107$495,276$1,126,625
63$1,604,337$649,973$476,731$1,184,930
64$1,731,736$645,578$456,458$1,248,204
65$1,870,988$639,826$434,364$1,316,960
66$2,023,266$632,615$410,352$1,391,764
67$2,189,861$623,835$384,322$1,473,239
68$2,372,197$613,373$356,166$1,562,078
69$2,571,838$601,105$325,775$1,659,043
70$2,790,509$586,903$293,032$1,764,978
71$3,030,110$570,630$257,817$1,880,815
72$3,292,731$552,141$220,004$2,007,583
73$3,580,677$531,283$179,462$2,146,421
74$3,896,484$507,894$136,051$2,298,586
75$4,242,946$481,802$89,630$2,465,464
76$4,623,142$452,825$40,048$2,648,590
77$5,040,461$420,772$0$2,849,656
78$5,498,638$385,440$0$3,072,042
79$6,001,787$346,614$0$3,321,417
80$6,554,439$304,068$0$3,595,375
81$7,161,586$257,562$0$3,896,453
82$7,828,729$206,843$0$4,227,452
83$8,561,924$151,643$0$4,591,460
84$9,367,847$91,681$0$4,991,888
85$10,253,852$26,658$0$5,432,496
86$11,228,039$0$0$5,917,434
87$12,299,335$0$0$6,471,016
88$13,477,573$0$0$7,093,159
89$14,773,588$0$0$7,777,567
90$16,199,317$0$0$8,530,554
91$17,767,914$0$0$9,359,074
92$19,493,870$0$0$10,270,793
93$21,393,153$0$0$11,274,157
94$23,483,357$0$0$12,378,469
95$25,783,866$0$0$13,593,983
96$28,316,042$0$0$14,931,996
97$31,103,419$0$0$16,404,956
98$34,171,932$0$0$18,026,580
99$37,550,156$0$0$19,811,982
100$41,269,578$0$0$21,777,815