Can I retire at age 50 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$48,969$48,533$48,108$47,692$47,287$46,619
2 years$24,242$23,791$23,353$22,929$22,517$21,846
3 years$16,001$15,548$15,111$14,691$14,286$13,631
4 years$11,881$11,429$10,997$10,584$10,189$9,556
5 years$9,410$8,961$8,534$8,129$7,745$7,137
6 years$7,763$7,317$6,897$6,501$6,129$5,545
7 years$6,587$6,145$5,731$5,345$4,984$4,426
8 years$5,705$5,267$4,861$4,484$4,135$3,601
9 years$5,020$4,586$4,186$3,819$3,482$2,973
10 years$4,472$4,042$3,650$3,292$2,967$2,482
11 years$4,024$3,599$3,213$2,865$2,552$2,091
12 years$3,651$3,230$2,852$2,513$2,211$1,774
13 years$3,336$2,919$2,548$2,219$1,928$1,513
14 years$3,066$2,653$2,289$1,970$1,690$1,297
15 years$2,832$2,424$2,067$1,756$1,488$1,117
16 years$2,627$2,224$1,874$1,573$1,315$964
17 years$2,447$2,048$1,705$1,413$1,166$835
18 years$2,287$1,892$1,557$1,273$1,037$725
19 years$2,144$1,754$1,425$1,151$924$631
20 years$2,015$1,630$1,308$1,042$826$550
21 years$1,899$1,518$1,203$946$739$480
22 years$1,794$1,417$1,109$860$662$419
23 years$1,698$1,325$1,024$783$594$367
24 years$1,610$1,242$947$714$534$321
25 years$1,529$1,165$877$652$481$282
26 years$1,454$1,095$813$596$433$247
27 years$1,385$1,031$755$546$390$217
28 years$1,322$971$702$500$352$190
29 years$1,262$916$653$459$318$167
30 years$1,207$865$609$421$287$147
31 years$1,155$818$567$387$260$129
32 years$1,107$774$529$355$235$114
33 years$1,062$733$494$327$213$100
34 years$1,019$695$462$301$193$88
35 years$979$659$432$277$174$78
36 years$942$625$404$255$158$68
37 years$906$594$378$235$143$60
38 years$873$565$354$216$130$53
39 years$841$537$332$200$118$47
40 years$811$511$311$184$107$41
41 years$782$486$291$170$97$36
42 years$755$463$273$157$88$32
43 years$729$441$257$145$80$28
44 years$705$421$241$134$72$25
45 years$681$401$226$123$66$22
46 years$659$383$212$114$60$19
47 years$637$365$200$105$54$17
48 years$617$348$188$97$49$15
49 years$598$333$176$90$45$13
50 years$579$318$166$83$41$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $593,000, adding $4,243 every year, while hoping to spend $38,370 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: 63/13/24 Blend
49$593,000$593,000$593,000$593,000
50$657,863$626,434$617,242$694,911
51$684,139$616,304$597,094$710,331
52$711,810$604,391$574,986$722,534
53$740,977$590,568$550,810$735,006
54$771,750$574,700$524,456$747,778
55$804,251$556,643$495,807$760,885
56$838,611$536,245$464,744$774,368
57$874,975$513,346$431,137$788,273
58$913,498$487,775$394,856$802,654
59$954,353$459,354$355,762$817,570
60$997,727$427,893$313,710$833,092
61$1,043,824$393,189$268,549$849,295
62$1,092,871$355,032$220,122$866,269
63$1,145,111$313,196$168,263$884,111
64$1,200,814$267,444$112,801$902,934
65$1,260,274$217,525$53,557$922,864
66$1,323,813$163,176$0$944,042
67$1,391,786$104,115$0$969,103
68$1,464,580$40,049$0$1,010,546
69$1,542,620$0$0$1,054,895
70$1,626,373$0$0$1,106,625
71$1,716,350$0$0$1,168,384
72$1,813,114$0$0$1,234,832
73$1,917,281$0$0$1,306,397
74$2,029,529$0$0$1,383,548
75$2,150,601$0$0$1,466,801
76$2,281,316$0$0$1,556,724
77$2,422,572$0$0$1,653,938
78$2,575,355$0$0$1,759,129
79$2,740,751$0$0$1,873,048
80$2,919,953$0$0$1,996,524
81$3,114,272$0$0$2,130,466
82$3,325,151$0$0$2,275,874
83$3,554,177$0$0$2,433,848
84$3,803,093$0$0$2,605,600
85$4,073,820$0$0$2,792,461
86$4,368,470$0$0$2,995,896
87$4,689,367$0$0$3,217,518
88$5,039,067$0$0$3,459,100
89$5,420,386$0$0$3,722,595
90$5,836,420$0$0$4,010,154
91$6,290,578$0$0$4,324,140
92$6,786,615$0$0$4,667,159
93$7,328,660$0$0$5,042,077
94$7,921,264$0$0$5,452,051
95$8,569,433$0$0$5,900,557
96$9,278,682$0$0$6,391,421
97$10,055,081$0$0$6,928,857
98$10,905,318$0$0$7,517,505
99$11,836,754$0$0$8,162,475
100$12,857,498$0$0$8,869,394