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%19.1%
1 years$48,722$48,288$47,864$47,451$47,047$45,324
2 years$24,120$23,670$23,235$22,813$22,404$20,686
3 years$15,920$15,469$15,035$14,616$14,214$12,557
4 years$11,821$11,371$10,941$10,530$10,137$8,554
5 years$9,362$8,915$8,491$8,088$7,706$6,199
6 years$7,724$7,280$6,862$6,468$6,098$4,669
7 years$6,554$6,114$5,702$5,318$4,959$3,608
8 years$5,677$5,241$4,836$4,461$4,114$2,840
9 years$4,995$4,563$4,165$3,800$3,465$2,265
10 years$4,450$4,022$3,631$3,276$2,952$1,825
11 years$4,004$3,580$3,197$2,851$2,539$1,482
12 years$3,633$3,214$2,837$2,500$2,200$1,211
13 years$3,319$2,904$2,535$2,208$1,919$995
14 years$3,050$2,640$2,278$1,960$1,682$820
15 years$2,817$2,412$2,056$1,748$1,481$678
16 years$2,614$2,213$1,864$1,565$1,309$562
17 years$2,435$2,038$1,697$1,406$1,160$467
18 years$2,275$1,883$1,549$1,267$1,032$389
19 years$2,133$1,745$1,418$1,145$920$324
20 years$2,005$1,622$1,301$1,037$821$271
21 years$1,890$1,510$1,197$941$735$226
22 years$1,785$1,410$1,103$856$659$189
23 years$1,689$1,319$1,018$779$591$158
24 years$1,602$1,236$942$711$532$132
25 years$1,521$1,159$872$649$478$111
26 years$1,447$1,090$809$593$431$93
27 years$1,378$1,026$751$543$389$78
28 years$1,315$966$698$498$351$65
29 years$1,256$912$650$456$317$55
30 years$1,201$861$605$419$286$46
31 years$1,150$814$564$385$259$39
32 years$1,102$770$527$354$234$32
33 years$1,057$729$492$325$212$27
34 years$1,014$691$459$299$192$23
35 years$975$656$430$275$174$19
36 years$937$622$402$254$157$16
37 years$902$591$376$234$143$13
38 years$868$562$352$215$129$11
39 years$837$534$330$199$117$9
40 years$807$508$309$183$106$8
41 years$778$484$290$169$96$7
42 years$751$461$272$156$88$6
43 years$725$439$255$144$79$5
44 years$701$418$240$133$72$4
45 years$678$399$225$123$65$3
46 years$655$381$211$113$59$3
47 years$634$363$199$105$54$2
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$2
50 years$576$316$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $590,000, adding $2,538 every year, while hoping to spend $41,269 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: 64/26/10 Blend
49$590,000$590,000$590,000$590,000
50$652,798$621,528$612,383$692,998
51$675,473$608,073$588,988$706,689
52$699,079$592,575$563,426$716,581
53$723,665$574,892$535,581$726,336
54$749,287$554,870$505,331$735,940
55$776,005$532,349$472,550$745,377
56$803,882$507,159$437,106$754,632
57$832,988$479,119$398,858$763,690
58$863,396$448,040$357,663$772,538
59$895,187$413,718$313,370$781,161
60$928,449$375,943$265,820$789,547
61$963,274$334,488$214,849$797,683
62$999,766$289,115$160,284$805,559
63$1,038,034$239,574$101,945$813,166
64$1,078,199$185,598$39,646$820,497
65$1,120,390$126,908$0$827,546
66$1,164,750$63,207$0$837,177
67$1,211,432$0$0$851,227
68$1,260,604$0$0$867,153
69$1,312,448$0$0$903,027
70$1,367,163$0$0$940,904
71$1,424,965$0$0$980,936
72$1,486,091$0$0$1,023,289
73$1,550,799$0$0$1,068,144
74$1,619,371$0$0$1,115,700
75$1,692,115$0$0$1,166,173
76$1,769,366$0$0$1,219,799
77$1,851,494$0$0$1,276,837
78$1,938,902$0$0$1,337,571
79$2,032,029$0$0$1,402,310
80$2,131,359$0$0$1,471,394
81$2,237,420$0$0$1,545,195
82$2,350,793$0$0$1,624,121
83$2,472,113$0$0$1,708,618
84$2,602,075$0$0$1,799,179
85$2,741,444$0$0$1,896,339
86$2,891,059$0$0$2,000,689
87$3,051,839$0$0$2,112,877
88$3,224,794$0$0$2,233,613
89$3,411,033$0$0$2,363,680
90$3,611,774$0$0$2,503,933
91$3,828,354$0$0$2,655,317
92$4,062,242$0$0$2,818,864
93$4,315,055$0$0$2,995,714
94$4,588,566$0$0$3,187,116
95$4,884,726$0$0$3,394,445
96$5,205,681$0$0$3,619,212
97$5,553,788$0$0$3,863,080
98$5,931,642$0$0$4,127,875
99$6,342,095$0$0$4,415,608
100$6,788,286$0$0$4,728,491