Can I retire at age 50 with 591,000?

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 $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%13.1%
1 years$48,804$48,370$47,945$47,531$47,127$46,519
2 years$24,161$23,711$23,274$22,852$22,442$21,830
3 years$15,947$15,495$15,060$14,641$14,238$13,641
4 years$11,841$11,391$10,960$10,548$10,155$9,578
5 years$9,378$8,930$8,505$8,102$7,719$7,164
6 years$7,737$7,292$6,874$6,479$6,108$5,575
7 years$6,565$6,124$5,712$5,327$4,967$4,457
8 years$5,686$5,249$4,844$4,469$4,121$3,633
9 years$5,003$4,571$4,172$3,806$3,470$3,005
10 years$4,457$4,029$3,638$3,281$2,957$2,513
11 years$4,011$3,587$3,202$2,856$2,543$2,121
12 years$3,639$3,219$2,842$2,505$2,204$1,803
13 years$3,324$2,909$2,539$2,211$1,922$1,541
14 years$3,055$2,644$2,281$1,963$1,685$1,324
15 years$2,822$2,416$2,060$1,751$1,483$1,142
16 years$2,618$2,216$1,868$1,567$1,311$988
17 years$2,439$2,041$1,699$1,408$1,162$857
18 years$2,279$1,886$1,551$1,269$1,034$746
19 years$2,137$1,748$1,420$1,147$921$650
20 years$2,009$1,624$1,303$1,039$823$568
21 years$1,893$1,513$1,199$943$736$497
22 years$1,788$1,412$1,105$857$660$435
23 years$1,692$1,321$1,020$781$592$382
24 years$1,604$1,238$944$712$533$335
25 years$1,524$1,161$874$650$479$294
26 years$1,449$1,092$810$594$432$259
27 years$1,381$1,027$753$544$389$228
28 years$1,317$968$700$499$351$200
29 years$1,258$913$651$457$317$177
30 years$1,203$862$606$420$286$156
31 years$1,152$815$565$385$259$137
32 years$1,103$771$528$354$234$121
33 years$1,058$731$493$326$212$107
34 years$1,016$692$460$300$192$94
35 years$976$657$430$276$174$83
36 years$939$623$402$254$158$73
37 years$903$592$377$234$143$65
38 years$870$563$353$216$129$57
39 years$838$535$331$199$117$51
40 years$808$509$310$183$106$45
41 years$779$485$290$169$97$39
42 years$752$461$272$156$88$35
43 years$727$440$256$144$80$31
44 years$702$419$240$133$72$27
45 years$679$400$225$123$66$24
46 years$657$381$212$114$60$21
47 years$635$364$199$105$54$19
48 years$615$347$187$97$49$17
49 years$596$332$176$90$45$15
50 years$577$317$165$83$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $591,000, adding $4,715 every year, while hoping to spend $38,238 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: 44/45/11 Blend
49$591,000$591,000$591,000$591,000
50$656,146$624,823$615,662$682,747
51$682,387$614,754$595,602$691,655
52$710,024$602,910$573,588$697,052
53$739,158$589,164$549,515$702,047
54$769,901$573,381$523,271$706,615
55$802,372$555,419$494,742$710,737
56$836,704$535,125$463,807$714,390
57$873,042$512,340$430,338$717,554
58$911,543$486,895$394,205$720,212
59$952,378$458,611$355,269$722,347
60$995,736$427,298$313,386$723,944
61$1,041,823$392,757$268,406$724,991
62$1,090,863$354,776$220,171$725,481
63$1,143,102$313,131$168,518$725,407
64$1,198,810$267,586$113,275$724,770
65$1,258,282$217,892$54,264$723,576
66$1,321,842$163,784$0$721,834
67$1,389,845$104,984$0$720,587
68$1,462,679$41,198$0$725,702
69$1,540,770$0$0$730,863
70$1,624,587$0$0$749,950
71$1,714,644$0$0$792,427
72$1,811,503$0$0$838,164
73$1,915,783$0$0$887,462
74$2,028,165$0$0$940,647
75$2,149,394$0$0$998,081
76$2,280,291$0$0$1,060,161
77$2,421,756$0$0$1,127,321
78$2,574,781$0$0$1,200,041
79$2,740,453$0$0$1,278,847
80$2,919,970$0$0$1,364,318
81$3,114,647$0$0$1,457,090
82$3,325,931$0$0$1,557,864
83$3,555,415$0$0$1,667,409
84$3,804,849$0$0$1,786,574
85$4,076,158$0$0$1,916,289
86$4,371,462$0$0$2,057,581
87$4,693,093$0$0$2,211,579
88$5,043,616$0$0$2,379,524
89$5,425,855$0$0$2,562,784
90$5,842,917$0$0$2,762,864
91$6,298,224$0$0$2,981,421
92$6,795,541$0$0$3,220,277
93$7,339,014$0$0$3,481,442
94$7,933,207$0$0$3,767,125
95$8,583,144$0$0$4,079,762
96$9,294,358$0$0$4,422,031
97$10,072,941$0$0$4,796,885
98$10,925,603$0$0$5,207,575
99$11,859,731$0$0$5,657,678
100$12,883,461$0$0$6,151,139