Can I retire at age 50 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$49,217$48,779$48,351$47,934$47,526$47,049
2 years$24,365$23,911$23,471$23,045$22,631$22,151
3 years$16,082$15,626$15,188$14,765$14,358$13,890
4 years$11,941$11,487$11,053$10,637$10,240$9,787
5 years$9,457$9,006$8,577$8,171$7,785$7,347
6 years$7,802$7,354$6,932$6,534$6,160$5,739
7 years$6,620$6,176$5,760$5,372$5,009$4,606
8 years$5,734$5,294$4,885$4,506$4,156$3,770
9 years$5,046$4,609$4,208$3,839$3,500$3,131
10 years$4,495$4,063$3,668$3,309$2,982$2,630
11 years$4,045$3,617$3,230$2,880$2,565$2,229
12 years$3,670$3,246$2,866$2,526$2,222$1,903
13 years$3,353$2,934$2,561$2,230$1,938$1,634
14 years$3,081$2,667$2,301$1,980$1,699$1,410
15 years$2,846$2,436$2,077$1,765$1,496$1,222
16 years$2,641$2,235$1,883$1,581$1,322$1,063
17 years$2,459$2,058$1,714$1,420$1,172$927
18 years$2,299$1,902$1,564$1,280$1,042$810
19 years$2,155$1,763$1,432$1,157$929$710
20 years$2,026$1,638$1,314$1,047$830$623
21 years$1,909$1,526$1,209$951$743$548
22 years$1,803$1,424$1,114$864$666$483
23 years$1,706$1,332$1,029$787$597$426
24 years$1,618$1,248$951$718$537$376
25 years$1,537$1,171$881$656$483$332
26 years$1,462$1,101$817$600$435$293
27 years$1,393$1,036$759$549$392$260
28 years$1,328$976$706$503$354$230
29 years$1,269$921$657$461$320$204
30 years$1,213$870$612$423$289$180
31 years$1,161$822$570$389$261$160
32 years$1,113$778$532$357$236$142
33 years$1,067$737$497$328$214$126
34 years$1,025$698$464$302$194$112
35 years$984$662$434$278$175$99
36 years$947$629$406$256$159$88
37 years$911$597$380$236$144$78
38 years$877$567$356$218$131$70
39 years$845$540$333$201$118$62
40 years$815$513$312$185$107$55
41 years$786$489$293$171$97$49
42 years$759$465$275$158$88$43
43 years$733$443$258$145$80$39
44 years$708$423$242$134$73$34
45 years$685$403$227$124$66$30
46 years$662$384$213$115$60$27
47 years$641$367$201$106$55$24
48 years$620$350$188$98$49$21
49 years$601$334$177$90$45$19
50 years$582$320$167$84$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $596,000, adding $4,994 every year, while hoping to spend $33,211 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: 65/8/27 Blend
49$596,000$596,000$596,000$596,000
50$661,943$630,355$621,117$699,961
51$694,125$625,906$606,588$721,794
52$728,477$620,127$590,460$741,503
53$765,184$612,915$572,643$762,310
54$804,451$604,166$553,045$784,328
55$846,501$593,767$531,568$807,680
56$891,581$581,598$508,112$832,504
57$939,959$567,533$482,570$858,953
58$991,931$551,438$454,832$887,195
59$1,047,820$533,171$424,782$917,421
60$1,107,984$512,583$392,299$949,837
61$1,172,814$489,515$357,256$984,676
62$1,242,738$463,798$319,521$1,022,195
63$1,318,229$435,255$278,956$1,062,679
64$1,399,804$403,699$235,418$1,106,442
65$1,488,035$368,931$188,755$1,153,835
66$1,583,547$330,741$138,811$1,205,245
67$1,687,029$288,908$85,421$1,261,100
68$1,799,237$243,196$28,414$1,321,877
69$1,921,005$193,358$0$1,388,100
70$2,053,248$139,133$0$1,469,692
71$2,196,973$80,245$0$1,567,299
72$2,353,289$16,401$0$1,673,497
73$2,523,414$0$0$1,789,131
74$2,708,689$0$0$1,919,776
75$2,910,591$0$0$2,063,753
76$3,130,744$0$0$2,220,784
77$3,370,935$0$0$2,392,148
78$3,633,133$0$0$2,579,253
79$3,919,503$0$0$2,783,650
80$4,232,431$0$0$3,007,048
81$4,574,541$0$0$3,251,325
82$4,948,724$0$0$3,518,552
83$5,358,163$0$0$3,811,007
84$5,806,361$0$0$4,131,199
85$6,297,178$0$0$4,481,893
86$6,834,863$0$0$4,866,130
87$7,424,097$0$0$5,287,263
88$8,070,032$0$0$5,748,982
89$8,778,347$0$0$6,255,353
90$9,555,292$0$0$6,810,853
91$10,407,755$0$0$7,420,413
92$11,343,320$0$0$8,089,467
93$12,370,343$0$0$8,823,997
94$13,498,028$0$0$9,630,596
95$14,736,513$0$0$10,516,524
96$16,096,966$0$0$11,489,781
97$17,591,691$0$0$12,559,178
98$19,234,243$0$0$13,734,422
99$21,039,553$0$0$15,026,210
100$23,024,073$0$0$16,446,321