Can I retire at age 50 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$48,804$48,370$47,945$47,531$47,127$46,752
2 years$24,161$23,711$23,274$22,852$22,442$22,063
3 years$15,947$15,495$15,060$14,641$14,238$13,868
4 years$11,841$11,391$10,960$10,548$10,155$9,796
5 years$9,378$8,930$8,505$8,102$7,719$7,374
6 years$7,737$7,292$6,874$6,479$6,108$5,776
7 years$6,565$6,124$5,712$5,327$4,967$4,648
8 years$5,686$5,249$4,844$4,469$4,121$3,815
9 years$5,003$4,571$4,172$3,806$3,470$3,178
10 years$4,457$4,029$3,638$3,281$2,957$2,677
11 years$4,011$3,587$3,202$2,856$2,543$2,276
12 years$3,639$3,219$2,842$2,505$2,204$1,949
13 years$3,324$2,909$2,539$2,211$1,922$1,679
14 years$3,055$2,644$2,281$1,963$1,685$1,454
15 years$2,822$2,416$2,060$1,751$1,483$1,264
16 years$2,618$2,216$1,868$1,567$1,311$1,103
17 years$2,439$2,041$1,699$1,408$1,162$965
18 years$2,279$1,886$1,551$1,269$1,034$847
19 years$2,137$1,748$1,420$1,147$921$745
20 years$2,009$1,624$1,303$1,039$823$656
21 years$1,893$1,513$1,199$943$736$579
22 years$1,788$1,412$1,105$857$660$512
23 years$1,692$1,321$1,020$781$592$453
24 years$1,604$1,238$944$712$533$402
25 years$1,524$1,161$874$650$479$356
26 years$1,449$1,092$810$594$432$316
27 years$1,381$1,027$753$544$389$281
28 years$1,317$968$700$499$351$250
29 years$1,258$913$651$457$317$222
30 years$1,203$862$606$420$286$198
31 years$1,152$815$565$385$259$176
32 years$1,103$771$528$354$234$157
33 years$1,058$731$493$326$212$140
34 years$1,016$692$460$300$192$124
35 years$976$657$430$276$174$111
36 years$939$623$402$254$158$99
37 years$903$592$377$234$143$88
38 years$870$563$353$216$129$79
39 years$838$535$331$199$117$70
40 years$808$509$310$183$106$63
41 years$779$485$290$169$97$56
42 years$752$461$272$156$88$50
43 years$727$440$256$144$80$45
44 years$702$419$240$133$72$40
45 years$679$400$225$123$66$36
46 years$657$381$212$114$60$32
47 years$635$364$199$105$54$28
48 years$615$347$187$97$49$25
49 years$596$332$176$90$45$23
50 years$577$317$165$83$40$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $591,000, adding $2,802 every year, while hoping to spend $36,733 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: 42/31/27 Blend
49$591,000$591,000$591,000$591,000
50$654,172$622,849$613,689$676,374
51$681,814$614,285$595,164$684,029
52$711,044$604,070$574,787$688,633
53$741,986$592,085$552,458$692,911
54$774,774$578,203$528,070$696,855
55$809,556$562,289$501,515$700,458
56$846,491$544,202$472,676$703,718
57$885,756$523,790$441,434$706,632
58$927,543$500,896$407,662$709,203
59$972,062$475,350$371,229$711,438
60$1,019,545$446,975$331,997$713,346
61$1,070,244$415,581$289,824$714,943
62$1,124,434$380,971$244,559$716,252
63$1,182,421$342,933$196,046$717,300
64$1,244,536$301,245$144,122$718,123
65$1,311,145$255,672$88,616$718,767
66$1,382,647$205,965$29,350$719,286
67$1,459,482$151,862$0$719,747
68$1,542,131$93,086$0$729,995
69$1,631,126$29,344$0$750,014
70$1,727,046$0$0$771,510
71$1,830,530$0$0$808,205
72$1,942,281$0$0$858,698
73$2,063,069$0$0$913,335
74$2,193,742$0$0$972,507
75$2,335,230$0$0$1,036,644
76$2,488,560$0$0$1,106,219
77$2,654,855$0$0$1,181,751
78$2,835,355$0$0$1,263,813
79$3,031,422$0$0$1,353,033
80$3,244,554$0$0$1,450,102
81$3,476,399$0$0$1,555,784
82$3,728,770$0$0$1,670,915
83$4,003,663$0$0$1,796,417
84$4,303,274$0$0$1,933,305
85$4,630,020$0$0$2,082,695
86$4,986,559$0$0$2,245,818
87$5,375,820$0$0$2,424,025
88$5,801,026$0$0$2,618,808
89$6,265,724$0$0$2,831,805
90$6,773,821$0$0$3,064,824
91$7,329,617$0$0$3,319,851
92$7,937,847$0$0$3,599,078
93$8,603,727$0$0$3,904,915
94$9,332,996$0$0$4,240,017
95$10,131,980$0$0$4,607,309
96$11,007,640$0$0$5,010,012
97$11,967,648$0$0$5,451,671
98$13,020,448$0$0$5,936,196
99$14,175,346$0$0$6,467,887
100$15,442,588$0$0$7,051,487