Can I retire at age 50 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$49,052$48,615$48,189$47,773$47,366$46,639
2 years$24,283$23,831$23,393$22,968$22,555$21,825
3 years$16,028$15,574$15,137$14,716$14,310$13,598
4 years$11,901$11,448$11,016$10,602$10,206$9,519
5 years$9,426$8,976$8,549$8,143$7,758$7,098
6 years$7,776$7,329$6,908$6,512$6,139$5,506
7 years$6,598$6,155$5,741$5,354$4,993$4,387
8 years$5,715$5,276$4,869$4,491$4,142$3,563
9 years$5,029$4,594$4,193$3,826$3,488$2,937
10 years$4,480$4,049$3,656$3,298$2,972$2,447
11 years$4,031$3,605$3,219$2,870$2,556$2,058
12 years$3,657$3,235$2,856$2,517$2,215$1,742
13 years$3,341$2,924$2,552$2,222$1,932$1,483
14 years$3,071$2,658$2,293$1,973$1,693$1,269
15 years$2,836$2,428$2,070$1,759$1,491$1,090
16 years$2,632$2,228$1,877$1,575$1,318$939
17 years$2,451$2,051$1,708$1,415$1,168$812
18 years$2,291$1,896$1,559$1,276$1,039$703
19 years$2,148$1,757$1,427$1,153$926$610
20 years$2,019$1,633$1,310$1,044$827$531
21 years$1,902$1,521$1,205$947$740$462
22 years$1,797$1,420$1,111$861$663$403
23 years$1,701$1,328$1,025$785$595$352
24 years$1,612$1,244$948$716$535$307
25 years$1,531$1,167$878$653$482$269
26 years$1,457$1,097$815$597$434$235
27 years$1,388$1,033$756$547$391$206
28 years$1,324$973$703$501$353$180
29 years$1,264$918$654$460$319$158
30 years$1,209$867$610$422$288$139
31 years$1,157$819$568$387$260$122
32 years$1,109$775$530$356$235$107
33 years$1,064$734$495$327$213$94
34 years$1,021$696$463$301$193$82
35 years$981$660$432$277$175$72
36 years$943$626$405$255$158$63
37 years$908$595$379$235$144$56
38 years$874$565$355$217$130$49
39 years$842$538$332$200$118$43
40 years$812$512$311$184$107$38
41 years$783$487$292$170$97$33
42 years$756$464$274$157$88$29
43 years$730$442$257$145$80$26
44 years$706$421$241$134$73$23
45 years$682$402$227$124$66$20
46 years$660$383$213$114$60$17
47 years$639$366$200$105$54$15
48 years$618$349$188$97$49$13
49 years$599$333$177$90$45$12
50 years$580$318$166$83$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $594,000, adding $3,679 every year, while hoping to spend $23,610 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: 87/6/7 Blend
49$594,000$594,000$594,000$594,000
50$658,383$626,901$617,694$715,005
51$700,417$632,498$613,266$758,056
52$745,947$637,578$607,898$801,714
53$795,306$642,091$601,534$848,936
54$848,857$645,984$594,115$900,064
55$907,001$649,198$585,579$955,476
56$970,181$651,674$575,862$1,015,586
57$1,038,880$653,347$564,894$1,080,850
58$1,113,634$654,150$552,606$1,151,771
59$1,195,030$654,008$538,924$1,228,902
60$1,283,714$652,845$523,769$1,312,853
61$1,380,398$650,579$507,060$1,404,294
62$1,485,864$647,123$488,712$1,503,965
63$1,600,975$642,385$468,636$1,612,681
64$1,726,679$636,267$446,740$1,731,337
65$1,864,020$628,664$422,926$1,860,922
66$2,014,149$619,467$397,093$2,002,524
67$2,178,331$608,560$369,135$2,157,341
68$2,357,960$595,819$338,940$2,326,694
69$2,554,570$581,112$306,393$2,512,038
70$2,769,852$564,302$271,372$2,714,975
71$3,005,666$545,242$233,752$2,937,272
72$3,264,061$523,776$193,401$3,180,875
73$3,547,295$499,741$150,179$3,447,926
74$3,857,854$472,963$103,945$3,740,787
75$4,198,474$443,257$54,546$4,062,062
76$4,572,173$410,431$1,827$4,414,618
77$4,982,270$374,277$0$4,801,615
78$5,432,424$334,580$0$5,230,599
79$5,926,667$291,110$0$5,701,753
80$6,469,436$243,623$0$6,219,179
81$7,065,622$191,865$0$6,787,552
82$7,720,614$135,564$0$7,412,018
83$8,440,344$74,435$0$8,098,250
84$9,231,353$8,175$0$8,852,497
85$10,100,842$0$0$9,681,646
86$11,056,747$0$0$10,597,477
87$12,107,812$0$0$11,605,079
88$13,263,669$0$0$12,713,145
89$14,534,931$0$0$13,931,851
90$15,933,289$0$0$15,272,407
91$17,471,628$0$0$16,747,165
92$19,164,141$0$0$18,369,732
93$21,026,469$0$0$20,155,104
94$23,075,843$0$0$22,119,800
95$25,331,250$0$0$24,282,025
96$27,813,611$0$0$26,661,837
97$30,545,978$0$0$29,281,335
98$33,553,751$0$0$32,164,871
99$36,864,918$0$0$35,339,279
100$40,510,317$0$0$38,834,124