Can I retire at age 50 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$49,135$48,697$48,270$47,853$47,446$46,205
2 years$24,324$23,871$23,432$23,006$22,593$21,352
3 years$16,055$15,600$15,162$14,740$14,334$13,131
4 years$11,921$11,468$11,034$10,620$10,223$9,067
5 years$9,442$8,991$8,563$8,157$7,772$6,666
6 years$7,789$7,342$6,920$6,523$6,149$5,095
7 years$6,609$6,165$5,751$5,363$5,001$3,998
8 years$5,725$5,285$4,877$4,499$4,149$3,197
9 years$5,037$4,602$4,201$3,832$3,494$2,593
10 years$4,487$4,056$3,662$3,303$2,977$2,125
11 years$4,038$3,611$3,224$2,875$2,560$1,756
12 years$3,663$3,241$2,861$2,522$2,219$1,461
13 years$3,347$2,929$2,556$2,226$1,935$1,222
14 years$3,076$2,662$2,297$1,976$1,696$1,027
15 years$2,841$2,432$2,074$1,762$1,493$865
16 years$2,636$2,231$1,880$1,578$1,320$732
17 years$2,455$2,055$1,711$1,418$1,170$620
18 years$2,295$1,899$1,562$1,278$1,041$527
19 years$2,151$1,760$1,430$1,155$927$448
20 years$2,022$1,635$1,312$1,046$828$382
21 years$1,906$1,523$1,207$949$741$326
22 years$1,800$1,422$1,112$863$664$278
23 years$1,703$1,330$1,027$786$596$238
24 years$1,615$1,246$950$717$536$203
25 years$1,534$1,169$880$655$482$174
26 years$1,459$1,099$816$599$435$149
27 years$1,390$1,034$758$548$392$128
28 years$1,326$975$704$502$354$109
29 years$1,267$919$655$460$319$94
30 years$1,211$868$611$422$288$80
31 years$1,159$821$569$388$261$69
32 years$1,111$777$531$357$236$59
33 years$1,066$735$496$328$213$51
34 years$1,023$697$463$302$193$44
35 years$983$661$433$278$175$37
36 years$945$628$405$256$159$32
37 years$909$596$379$236$144$28
38 years$876$566$355$217$130$24
39 years$844$539$333$200$118$20
40 years$813$512$312$185$107$17
41 years$785$488$292$170$97$15
42 years$758$465$274$157$88$13
43 years$732$443$257$145$80$11
44 years$707$422$242$134$73$10
45 years$683$402$227$124$66$8
46 years$661$384$213$114$60$7
47 years$640$366$200$106$54$6
48 years$619$350$188$98$49$5
49 years$600$334$177$90$45$4
50 years$581$319$166$83$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $595,000, adding $4,431 every year, while hoping to spend $38,606 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: 45/49/6 Blend
49$595,000$595,000$595,000$595,000
50$660,261$628,726$619,503$688,681
51$686,531$618,457$599,180$698,453
52$714,186$606,391$576,882$704,676
53$743,328$592,399$552,503$710,519
54$774,066$576,344$525,930$715,961
55$806,519$558,084$497,046$720,980
56$840,817$537,463$465,731$725,552
57$877,103$514,321$431,855$729,659
58$915,531$488,487$395,286$733,281
59$956,272$459,779$355,885$736,401
60$999,509$428,006$313,505$739,002
61$1,045,447$392,965$267,994$741,072
62$1,094,305$354,444$219,195$742,601
63$1,146,328$312,215$166,941$743,584
64$1,201,779$266,039$111,060$744,017
65$1,260,949$215,664$51,369$743,904
66$1,324,158$160,823$0$743,255
67$1,391,754$101,235$0$742,875
68$1,464,119$36,602$0$745,560
69$1,541,673$0$0$748,064
70$1,624,877$0$0$768,449
71$1,714,234$0$0$811,586
72$1,810,301$0$0$858,012
73$1,913,684$0$0$908,029
74$2,025,052$0$0$961,966
75$2,145,140$0$0$1,020,186
76$2,274,752$0$0$1,083,088
77$2,414,776$0$0$1,151,110
78$2,566,184$0$0$1,224,732
79$2,730,046$0$0$1,304,484
80$2,907,539$0$0$1,390,949
81$3,099,955$0$0$1,484,764
82$3,308,717$0$0$1,586,636
83$3,535,389$0$0$1,697,336
84$3,781,690$0$0$1,817,717
85$4,049,513$0$0$1,948,716
86$4,340,941$0$0$2,091,362
87$4,658,262$0$0$2,246,791
88$5,003,999$0$0$2,416,249
89$5,380,924$0$0$2,601,112
90$5,792,091$0$0$2,802,890
91$6,240,860$0$0$3,023,248
92$6,730,930$0$0$3,264,019
93$7,266,372$0$0$3,527,218
94$7,851,670$0$0$3,815,067
95$8,491,757$0$0$4,130,012
96$9,192,069$0$0$4,474,743
97$9,958,588$0$0$4,852,227
98$10,797,904$0$0$5,265,727
99$11,717,271$0$0$5,718,839
100$12,724,681$0$0$6,215,523