Can I retire at age 50 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$48,887$48,451$48,026$47,612$47,207$45,824
2 years$24,201$23,751$23,314$22,890$22,479$21,098
3 years$15,974$15,521$15,086$14,666$14,262$12,924
4 years$11,861$11,410$10,978$10,566$10,172$8,889
5 years$9,394$8,945$8,520$8,116$7,732$6,507
6 years$7,750$7,305$6,885$6,490$6,118$4,952
7 years$6,576$6,134$5,722$5,336$4,976$3,869
8 years$5,696$5,258$4,852$4,476$4,128$3,079
9 years$5,012$4,578$4,179$3,813$3,476$2,485
10 years$4,465$4,036$3,644$3,287$2,962$2,026
11 years$4,017$3,593$3,208$2,860$2,547$1,666
12 years$3,645$3,225$2,847$2,509$2,208$1,379
13 years$3,330$2,914$2,543$2,215$1,925$1,147
14 years$3,060$2,649$2,285$1,966$1,687$958
15 years$2,827$2,420$2,063$1,754$1,486$803
16 years$2,623$2,220$1,871$1,570$1,313$675
17 years$2,443$2,045$1,702$1,411$1,164$569
18 years$2,283$1,889$1,554$1,271$1,035$480
19 years$2,140$1,751$1,423$1,149$923$406
20 years$2,012$1,627$1,306$1,040$824$344
21 years$1,896$1,516$1,201$944$738$292
22 years$1,791$1,415$1,107$859$661$248
23 years$1,695$1,323$1,022$782$593$210
24 years$1,607$1,240$945$713$533$179
25 years$1,526$1,163$875$651$480$152
26 years$1,452$1,093$812$595$432$129
27 years$1,383$1,029$754$545$390$110
28 years$1,319$970$701$499$352$94
29 years$1,260$915$652$458$318$80
30 years$1,205$864$607$420$287$68
31 years$1,154$817$566$386$259$58
32 years$1,105$773$528$355$235$49
33 years$1,060$732$493$326$212$42
34 years$1,018$694$461$300$192$36
35 years$978$658$431$276$174$31
36 years$940$624$403$254$158$26
37 years$905$593$377$234$143$22
38 years$871$564$353$216$130$19
39 years$839$536$331$199$118$16
40 years$809$510$310$184$107$14
41 years$781$485$291$170$97$12
42 years$754$462$273$156$88$10
43 years$728$440$256$144$80$9
44 years$703$420$240$133$72$7
45 years$680$400$226$123$66$6
46 years$658$382$212$114$60$5
47 years$636$364$199$105$54$5
48 years$616$348$187$97$49$4
49 years$597$332$176$90$45$3
50 years$578$317$165$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $592,000, adding $4,251 every year, while hoping to spend $33,658 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: 70/20/10 Blend
49$592,000$592,000$592,000$592,000
50$656,769$625,393$616,217$701,154
51$687,947$620,225$601,048$725,952
52$721,178$613,676$584,244$748,571
53$756,635$605,643$565,712$772,420
54$794,508$596,016$545,360$797,613
55$835,006$584,679$523,087$824,278
56$878,357$571,509$498,792$852,553
57$924,814$556,377$472,365$882,595
58$974,650$539,144$443,694$914,575
59$1,028,167$519,666$412,662$948,683
60$1,085,698$497,787$379,143$985,130
61$1,147,605$473,345$343,011$1,024,150
62$1,214,289$446,167$304,130$1,065,999
63$1,286,188$416,070$262,360$1,110,965
64$1,363,784$382,862$217,553$1,159,363
65$1,447,607$346,339$169,558$1,211,544
66$1,538,237$306,285$118,213$1,267,894
67$1,636,316$262,471$63,352$1,328,842
68$1,742,546$214,658$4,800$1,394,862
69$1,857,701$162,591$0$1,466,478
70$1,982,630$106,001$0$1,550,426
71$2,118,267$44,605$0$1,642,138
72$2,265,643$0$0$1,741,831
73$2,425,887$0$0$1,855,132
74$2,600,244$0$0$1,989,121
75$2,790,083$0$0$2,135,037
76$2,996,911$0$0$2,294,041
77$3,222,386$0$0$2,467,413
78$3,468,333$0$0$2,656,559
79$3,736,761$0$0$2,863,028
80$4,029,880$0$0$3,088,525
81$4,350,124$0$0$3,334,928
82$4,700,172$0$0$3,604,301
83$5,082,975$0$0$3,898,921
84$5,501,781$0$0$4,221,292
85$5,960,166$0$0$4,574,172
86$6,462,067$0$0$4,960,599
87$7,011,823$0$0$5,383,917
88$7,614,208$0$0$5,847,809
89$8,274,483$0$0$6,356,333
90$8,998,440$0$0$6,913,955
91$9,792,459$0$0$7,525,598
92$10,663,568$0$0$8,196,679
93$11,619,507$0$0$8,933,171
94$12,668,802$0$0$9,741,648
95$13,820,844$0$0$10,629,355
96$15,085,979$0$0$11,604,270
97$16,475,603$0$0$12,675,185
98$18,002,270$0$0$13,851,782
99$19,679,812$0$0$15,144,730
100$21,523,463$0$0$16,565,780