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%13.7%
1 years$49,135$48,697$48,270$47,853$47,446$46,718
2 years$24,324$23,871$23,432$23,006$22,593$21,861
3 years$16,055$15,600$15,162$14,740$14,334$13,621
4 years$11,921$11,468$11,034$10,620$10,223$9,535
5 years$9,442$8,991$8,563$8,157$7,772$7,110
6 years$7,789$7,342$6,920$6,523$6,149$5,515
7 years$6,609$6,165$5,751$5,363$5,001$4,394
8 years$5,725$5,285$4,877$4,499$4,149$3,569
9 years$5,037$4,602$4,201$3,832$3,494$2,942
10 years$4,487$4,056$3,662$3,303$2,977$2,451
11 years$4,038$3,611$3,224$2,875$2,560$2,061
12 years$3,663$3,241$2,861$2,522$2,219$1,745
13 years$3,347$2,929$2,556$2,226$1,935$1,486
14 years$3,076$2,662$2,297$1,976$1,696$1,271
15 years$2,841$2,432$2,074$1,762$1,493$1,092
16 years$2,636$2,231$1,880$1,578$1,320$941
17 years$2,455$2,055$1,711$1,418$1,170$813
18 years$2,295$1,899$1,562$1,278$1,041$704
19 years$2,151$1,760$1,430$1,155$927$611
20 years$2,022$1,635$1,312$1,046$828$532
21 years$1,906$1,523$1,207$949$741$463
22 years$1,800$1,422$1,112$863$664$404
23 years$1,703$1,330$1,027$786$596$352
24 years$1,615$1,246$950$717$536$308
25 years$1,534$1,169$880$655$482$269
26 years$1,459$1,099$816$599$435$236
27 years$1,390$1,034$758$548$392$206
28 years$1,326$975$704$502$354$181
29 years$1,267$919$655$460$319$158
30 years$1,211$868$611$422$288$139
31 years$1,159$821$569$388$261$122
32 years$1,111$777$531$357$236$107
33 years$1,066$735$496$328$213$94
34 years$1,023$697$463$302$193$82
35 years$983$661$433$278$175$72
36 years$945$628$405$256$159$64
37 years$909$596$379$236$144$56
38 years$876$566$355$217$130$49
39 years$844$539$333$200$118$43
40 years$813$512$312$185$107$38
41 years$785$488$292$170$97$33
42 years$758$465$274$157$88$29
43 years$732$443$257$145$80$26
44 years$707$422$242$134$73$23
45 years$683$402$227$124$66$20
46 years$661$384$213$114$60$17
47 years$640$366$200$106$54$15
48 years$619$350$188$98$49$14
49 years$600$334$177$90$45$12
50 years$581$319$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 $595,000, adding $2,020 every year, while hoping to spend $20,467 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: 54/29/17 Blend
49$595,000$595,000$595,000$595,000
50$657,774$626,239$617,016$690,186
51$703,090$635,148$615,909$721,458
52$752,342$643,807$614,080$753,132
53$805,911$652,183$611,481$787,154
54$864,214$660,240$608,066$823,754
55$927,711$667,939$603,783$863,186
56$996,907$675,238$598,580$905,728
57$1,072,361$682,095$592,402$951,690
58$1,154,685$688,460$585,190$1,001,411
59$1,244,554$694,286$576,885$1,055,267
60$1,342,710$699,518$567,423$1,113,672
61$1,449,972$704,099$556,736$1,177,086
62$1,567,238$707,969$544,756$1,246,011
63$1,695,501$711,064$531,410$1,321,007
64$1,835,852$713,316$516,622$1,402,688
65$1,989,491$714,651$500,311$1,491,734
66$2,157,743$714,993$482,396$1,588,893
67$2,342,065$714,259$462,787$1,694,992
68$2,544,060$712,362$441,396$1,810,945
69$2,765,497$709,211$418,125$1,937,757
70$3,008,321$704,706$392,876$2,076,541
71$3,274,678$698,744$365,545$2,228,521
72$3,566,926$691,214$336,022$2,395,050
73$3,887,669$681,999$304,195$2,577,621
74$4,239,770$670,976$269,944$2,777,880
75$4,626,385$658,013$233,146$2,997,644
76$5,050,992$642,971$193,672$3,238,915
77$5,517,418$625,702$151,385$3,503,905
78$6,029,884$606,050$106,146$3,795,052
79$6,593,037$583,851$57,806$4,115,045
80$7,211,996$558,929$6,212$4,466,852
81$7,892,403$531,100$0$4,853,744
82$8,640,472$500,168$0$5,288,193
83$9,463,051$465,927$0$5,767,095
84$10,367,681$428,156$0$6,293,746
85$11,362,675$386,626$0$6,873,021
86$12,457,189$341,092$0$7,510,294
87$13,661,313$291,296$0$8,211,491
88$14,986,162$236,965$0$8,983,143
89$16,443,985$177,811$0$9,832,451
90$18,048,276$113,528$0$10,767,353
91$19,813,906$43,797$0$11,796,600
92$21,757,258$0$0$12,929,837
93$23,896,386$0$0$14,187,822
94$26,251,182$0$0$15,588,092
95$28,843,563$0$0$17,129,712
96$31,697,682$0$0$18,827,054
97$34,840,152$0$0$20,695,954
98$38,300,297$0$0$22,753,860
99$42,110,430$0$0$25,020,001
100$46,306,157$0$0$27,515,563