Can I retire at age 50 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$48,722$48,288$47,864$47,451$47,047$46,079
2 years$24,120$23,670$23,235$22,813$22,404$21,432
3 years$15,920$15,469$15,035$14,616$14,214$13,270
4 years$11,821$11,371$10,941$10,530$10,137$9,228
5 years$9,362$8,915$8,491$8,088$7,706$6,834
6 years$7,724$7,280$6,862$6,468$6,098$5,264
7 years$6,554$6,114$5,702$5,318$4,959$4,164
8 years$5,677$5,241$4,836$4,461$4,114$3,357
9 years$4,995$4,563$4,165$3,800$3,465$2,745
10 years$4,450$4,022$3,631$3,276$2,952$2,269
11 years$4,004$3,580$3,197$2,851$2,539$1,892
12 years$3,633$3,214$2,837$2,500$2,200$1,589
13 years$3,319$2,904$2,535$2,208$1,919$1,341
14 years$3,050$2,640$2,278$1,960$1,682$1,138
15 years$2,817$2,412$2,056$1,748$1,481$968
16 years$2,614$2,213$1,864$1,565$1,309$827
17 years$2,435$2,038$1,697$1,406$1,160$708
18 years$2,275$1,883$1,549$1,267$1,032$608
19 years$2,133$1,745$1,418$1,145$920$522
20 years$2,005$1,622$1,301$1,037$821$450
21 years$1,890$1,510$1,197$941$735$388
22 years$1,785$1,410$1,103$856$659$335
23 years$1,689$1,319$1,018$779$591$289
24 years$1,602$1,236$942$711$532$250
25 years$1,521$1,159$872$649$478$217
26 years$1,447$1,090$809$593$431$188
27 years$1,378$1,026$751$543$389$162
28 years$1,315$966$698$498$351$141
29 years$1,256$912$650$456$317$122
30 years$1,201$861$605$419$286$106
31 years$1,150$814$564$385$259$92
32 years$1,102$770$527$354$234$80
33 years$1,057$729$492$325$212$69
34 years$1,014$691$459$299$192$60
35 years$975$656$430$275$174$52
36 years$937$622$402$254$157$45
37 years$902$591$376$234$143$39
38 years$868$562$352$215$129$34
39 years$837$534$330$199$117$30
40 years$807$508$309$183$106$26
41 years$778$484$290$169$96$23
42 years$751$461$272$156$88$20
43 years$725$439$255$144$79$17
44 years$701$418$240$133$72$15
45 years$678$399$225$123$65$13
46 years$655$381$211$113$59$11
47 years$634$363$199$105$54$10
48 years$614$347$187$97$49$8
49 years$595$331$175$89$45$7
50 years$576$316$165$83$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $590,000, adding $2,865 every year, while hoping to spend $26,805 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: 82/7/11 Blend
49$590,000$590,000$590,000$590,000
50$653,135$621,865$612,720$705,252
51$691,235$623,816$604,726$741,771
52$732,322$624,965$595,566$778,023
53$776,673$625,243$585,172$817,024
54$824,593$624,578$573,474$859,034
55$876,414$622,895$560,398$904,341
56$932,504$620,113$545,867$953,262
57$993,266$616,145$529,800$1,006,146
58$1,059,144$610,900$512,113$1,063,378
59$1,130,624$604,283$492,717$1,125,382
60$1,208,245$596,190$471,520$1,192,623
61$1,292,595$586,512$448,425$1,265,617
62$1,384,324$575,135$423,331$1,344,930
63$1,484,146$561,937$396,133$1,431,186
64$1,592,846$546,789$366,721$1,525,074
65$1,711,288$529,555$334,979$1,627,352
66$1,840,426$510,089$300,786$1,738,854
67$1,981,304$488,238$264,017$1,860,503
68$2,135,077$463,841$224,542$1,993,313
69$2,303,012$436,727$182,221$2,138,402
70$2,486,507$406,714$136,913$2,297,003
71$2,687,098$373,611$88,467$2,470,474
72$2,906,479$337,215$36,728$2,660,313
73$3,146,515$297,313$0$2,868,170
74$3,409,256$253,678$0$3,098,033
75$3,696,963$206,072$0$3,354,479
76$4,012,126$154,241$0$3,635,423
77$4,357,484$97,921$0$3,943,323
78$4,736,057$36,828$0$4,280,884
79$5,151,169$0$0$4,651,090
80$5,606,481$0$0$5,059,485
81$6,106,027$0$0$5,510,682
82$6,654,248$0$0$6,005,857
83$7,256,038$0$0$6,549,432
84$7,916,787$0$0$7,146,278
85$8,642,433$0$0$7,801,759
86$9,439,515$0$0$8,521,786
87$10,315,240$0$0$9,312,870
88$11,277,545$0$0$10,182,183
89$12,335,174$0$0$11,137,626
90$13,497,763$0$0$12,187,907
91$14,775,924$0$0$13,342,614
92$16,181,352$0$0$14,612,315
93$17,726,929$0$0$16,008,652
94$19,426,850$0$0$17,544,450
95$21,296,753$0$0$19,233,841
96$23,353,870$0$0$21,092,396
97$25,617,186$0$0$23,137,269
98$28,107,619$0$0$25,387,363
99$30,848,217$0$0$27,863,504
100$33,864,374$0$0$30,588,641