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%16.2%
1 years$48,804$48,370$47,945$47,531$47,127$45,932
2 years$24,161$23,711$23,274$22,852$22,442$21,245
3 years$15,947$15,495$15,060$14,641$14,238$13,078
4 years$11,841$11,391$10,960$10,548$10,155$9,040
5 years$9,378$8,930$8,505$8,102$7,719$6,653
6 years$7,737$7,292$6,874$6,479$6,108$5,091
7 years$6,565$6,124$5,712$5,327$4,967$3,999
8 years$5,686$5,249$4,844$4,469$4,121$3,202
9 years$5,003$4,571$4,172$3,806$3,470$2,600
10 years$4,457$4,029$3,638$3,281$2,957$2,133
11 years$4,011$3,587$3,202$2,856$2,543$1,765
12 years$3,639$3,219$2,842$2,505$2,204$1,471
13 years$3,324$2,909$2,539$2,211$1,922$1,232
14 years$3,055$2,644$2,281$1,963$1,685$1,036
15 years$2,822$2,416$2,060$1,751$1,483$875
16 years$2,618$2,216$1,868$1,567$1,311$741
17 years$2,439$2,041$1,699$1,408$1,162$629
18 years$2,279$1,886$1,551$1,269$1,034$535
19 years$2,137$1,748$1,420$1,147$921$456
20 years$2,009$1,624$1,303$1,039$823$389
21 years$1,893$1,513$1,199$943$736$332
22 years$1,788$1,412$1,105$857$660$284
23 years$1,692$1,321$1,020$781$592$243
24 years$1,604$1,238$944$712$533$208
25 years$1,524$1,161$874$650$479$179
26 years$1,449$1,092$810$594$432$153
27 years$1,381$1,027$753$544$389$131
28 years$1,317$968$700$499$351$113
29 years$1,258$913$651$457$317$97
30 years$1,203$862$606$420$286$83
31 years$1,152$815$565$385$259$72
32 years$1,103$771$528$354$234$61
33 years$1,058$731$493$326$212$53
34 years$1,016$692$460$300$192$45
35 years$976$657$430$276$174$39
36 years$939$623$402$254$158$34
37 years$903$592$377$234$143$29
38 years$870$563$353$216$129$25
39 years$838$535$331$199$117$21
40 years$808$509$310$183$106$18
41 years$779$485$290$169$97$16
42 years$752$461$272$156$88$14
43 years$727$440$256$144$80$12
44 years$702$419$240$133$72$10
45 years$679$400$225$123$66$9
46 years$657$381$212$114$60$7
47 years$635$364$199$105$54$6
48 years$615$347$187$97$49$6
49 years$596$332$176$90$45$5
50 years$577$317$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $591,000, adding $6,601 every year, while hoping to spend $33,583 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: 76/6/18 Blend
49$591,000$591,000$591,000$591,000
50$658,091$626,768$617,607$704,918
51$689,484$621,748$602,565$731,775
52$722,954$615,356$585,894$756,400
53$758,677$607,489$567,502$782,503
54$796,845$598,040$547,297$810,220
55$837,672$586,893$525,180$839,704
56$881,389$573,925$501,048$871,123
57$928,250$559,007$474,793$904,661
58$978,536$542,002$446,303$940,523
59$1,032,553$522,766$415,460$978,935
60$1,090,636$501,145$382,141$1,020,147
61$1,153,156$476,976$346,218$1,064,433
62$1,220,518$450,088$307,556$1,112,099
63$1,293,168$420,299$266,017$1,163,479
64$1,371,596$387,418$221,452$1,218,945
65$1,456,338$351,241$173,711$1,278,906
66$1,547,987$311,554$122,632$1,343,813
67$1,647,191$268,130$68,050$1,414,167
68$1,754,666$220,730$9,791$1,490,518
69$1,871,195$169,100$0$1,573,473
70$1,997,644$112,972$0$1,673,766
71$2,134,962$52,066$0$1,784,737
72$2,284,193$0$0$1,905,360
73$2,446,487$0$0$2,037,496
74$2,623,108$0$0$2,185,058
75$2,815,448$0$0$2,345,773
76$3,025,037$0$0$2,520,922
77$3,253,559$0$0$2,711,918
78$3,502,871$0$0$2,920,311
79$3,775,011$0$0$3,147,812
80$4,072,228$0$0$3,396,301
81$4,396,993$0$0$3,667,849
82$4,752,031$0$0$3,964,737
83$5,140,339$0$0$4,289,474
84$5,565,218$0$0$4,644,825
85$6,030,302$0$0$5,033,834
86$6,539,594$0$0$5,459,851
87$7,097,501$0$0$5,926,568
88$7,708,877$0$0$6,438,049
89$8,379,068$0$0$6,998,770
90$9,113,960$0$0$7,613,663
91$9,920,038$0$0$8,288,157
92$10,804,445$0$0$9,028,233
93$11,775,047$0$0$9,840,479
94$12,840,509$0$0$10,732,152
95$14,010,378$0$0$11,711,247
96$15,295,167$0$0$12,786,568
97$16,706,461$0$0$13,967,816
98$18,257,018$0$0$15,265,677
99$19,960,898$0$0$16,691,925
100$21,833,585$0$0$18,259,527