Can I retire at age 50 with 587,000?

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 $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%17.2%
1 years$48,474$48,042$47,621$47,210$46,808$45,437
2 years$23,997$23,550$23,117$22,697$22,290$20,920
3 years$15,839$15,390$14,958$14,542$14,141$12,815
4 years$11,761$11,313$10,886$10,477$10,086$8,813
5 years$9,315$8,870$8,448$8,047$7,667$6,452
6 years$7,684$7,243$6,827$6,435$6,067$4,910
7 years$6,520$6,083$5,673$5,291$4,934$3,836
8 years$5,648$5,214$4,811$4,438$4,093$3,053
9 years$4,969$4,540$4,144$3,781$3,447$2,464
10 years$4,427$4,001$3,613$3,259$2,937$2,009
11 years$3,983$3,562$3,181$2,836$2,526$1,652
12 years$3,614$3,197$2,823$2,488$2,189$1,367
13 years$3,302$2,889$2,522$2,196$1,909$1,137
14 years$3,035$2,626$2,266$1,950$1,673$950
15 years$2,803$2,399$2,046$1,739$1,473$796
16 years$2,601$2,201$1,855$1,557$1,302$670
17 years$2,422$2,027$1,688$1,399$1,154$564
18 years$2,264$1,873$1,541$1,261$1,027$476
19 years$2,122$1,736$1,411$1,139$915$403
20 years$1,995$1,613$1,295$1,032$817$341
21 years$1,880$1,503$1,191$936$731$289
22 years$1,776$1,403$1,097$851$656$245
23 years$1,680$1,312$1,013$775$588$208
24 years$1,593$1,229$937$707$529$177
25 years$1,513$1,154$868$646$476$151
26 years$1,440$1,084$805$590$429$128
27 years$1,371$1,020$748$540$387$109
28 years$1,308$961$695$495$349$93
29 years$1,250$907$647$454$315$79
30 years$1,195$857$602$417$285$67
31 years$1,144$810$562$383$257$57
32 years$1,096$766$524$352$233$49
33 years$1,051$726$489$323$211$42
34 years$1,009$688$457$298$191$36
35 years$970$652$427$274$173$30
36 years$932$619$400$252$156$26
37 years$897$588$374$232$142$22
38 years$864$559$350$214$129$19
39 years$832$531$328$198$117$16
40 years$803$506$308$182$106$14
41 years$774$481$289$168$96$12
42 years$747$458$271$155$87$10
43 years$722$437$254$143$79$9
44 years$697$416$238$132$72$7
45 years$674$397$224$122$65$6
46 years$652$379$210$113$59$5
47 years$631$361$198$104$54$5
48 years$611$345$186$96$49$4
49 years$592$329$174$89$44$3
50 years$573$315$164$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $587,000, adding $2,429 every year, while hoping to spend $27,998 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: 57/14/29 Blend
49$587,000$587,000$587,000$587,000
50$649,380$618,269$609,170$681,090
51$685,827$618,774$599,788$703,659
52$725,053$618,366$589,152$725,122
53$767,312$616,970$577,193$747,949
54$812,884$614,507$563,835$772,284
55$862,074$610,894$548,999$798,282
56$915,219$606,041$532,604$826,117
57$972,689$599,854$514,564$855,983
58$1,034,890$592,235$494,789$888,092
59$1,102,270$583,076$473,186$922,684
60$1,175,321$572,265$449,656$960,020
61$1,254,582$559,685$424,098$1,000,392
62$1,340,648$545,208$396,404$1,044,123
63$1,434,173$528,702$366,463$1,091,570
64$1,535,876$510,026$334,156$1,143,130
65$1,646,548$489,030$299,364$1,199,241
66$1,767,061$465,557$261,957$1,260,390
67$1,898,371$439,439$221,803$1,327,112
68$2,041,534$410,501$178,762$1,400,004
69$2,197,709$378,554$132,690$1,479,722
70$2,368,175$343,403$83,434$1,566,996
71$2,554,336$304,837$30,836$1,662,630
72$2,757,741$262,637$0$1,767,514
73$2,980,094$216,569$0$1,890,461
74$3,223,270$166,387$0$2,035,422
75$3,489,335$111,832$0$2,194,105
76$3,780,563$52,628$0$2,367,898
77$4,099,459$0$0$2,558,331
78$4,448,781$0$0$2,768,865
79$4,831,565$0$0$3,008,501
80$5,251,158$0$0$3,271,232
81$5,711,242$0$0$3,559,371
82$6,215,875$0$0$3,875,467
83$6,769,527$0$0$4,222,325
84$7,377,119$0$0$4,603,037
85$8,044,075$0$0$5,021,007
86$8,776,366$0$0$5,479,987
87$9,580,573$0$0$5,984,109
88$10,463,943$0$0$6,537,923
89$11,434,461$0$0$7,146,444
90$12,500,922$0$0$7,815,197
91$13,673,016$0$0$8,550,267
92$14,961,420$0$0$9,358,359
93$16,377,894$0$0$10,246,858
94$17,935,397$0$0$11,223,904
95$19,648,204$0$0$12,298,463
96$21,532,044$0$0$13,480,412
97$23,604,247$0$0$14,780,637
98$25,883,907$0$0$16,211,129
99$28,392,061$0$0$17,785,102
100$31,151,889$0$0$19,517,114