Can I retire at age 50 with 596,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$49,217$48,779$48,351$47,934$47,526$46,134
2 years$24,365$23,911$23,471$23,045$22,631$21,240
3 years$16,082$15,626$15,188$14,765$14,358$13,012
4 years$11,941$11,487$11,053$10,637$10,240$8,949
5 years$9,457$9,006$8,577$8,171$7,785$6,551
6 years$7,802$7,354$6,932$6,534$6,160$4,986
7 years$6,620$6,176$5,760$5,372$5,009$3,895
8 years$5,734$5,294$4,885$4,506$4,156$3,100
9 years$5,046$4,609$4,208$3,839$3,500$2,502
10 years$4,495$4,063$3,668$3,309$2,982$2,040
11 years$4,045$3,617$3,230$2,880$2,565$1,677
12 years$3,670$3,246$2,866$2,526$2,222$1,388
13 years$3,353$2,934$2,561$2,230$1,938$1,155
14 years$3,081$2,667$2,301$1,980$1,699$965
15 years$2,846$2,436$2,077$1,765$1,496$809
16 years$2,641$2,235$1,883$1,581$1,322$680
17 years$2,459$2,058$1,714$1,420$1,172$573
18 years$2,299$1,902$1,564$1,280$1,042$484
19 years$2,155$1,763$1,432$1,157$929$409
20 years$2,026$1,638$1,314$1,047$830$346
21 years$1,909$1,526$1,209$951$743$294
22 years$1,803$1,424$1,114$864$666$249
23 years$1,706$1,332$1,029$787$597$212
24 years$1,618$1,248$951$718$537$180
25 years$1,537$1,171$881$656$483$153
26 years$1,462$1,101$817$600$435$130
27 years$1,393$1,036$759$549$392$111
28 years$1,328$976$706$503$354$94
29 years$1,269$921$657$461$320$80
30 years$1,213$870$612$423$289$68
31 years$1,161$822$570$389$261$58
32 years$1,113$778$532$357$236$50
33 years$1,067$737$497$328$214$42
34 years$1,025$698$464$302$194$36
35 years$984$662$434$278$175$31
36 years$947$629$406$256$159$26
37 years$911$597$380$236$144$22
38 years$877$567$356$218$131$19
39 years$845$540$333$201$118$16
40 years$815$513$312$185$107$14
41 years$786$489$293$171$97$12
42 years$759$465$275$158$88$10
43 years$733$443$258$145$80$9
44 years$708$423$242$134$73$7
45 years$685$403$227$124$66$6
46 years$662$384$213$115$60$5
47 years$641$367$201$106$55$5
48 years$620$350$188$98$49$4
49 years$601$334$177$90$45$3
50 years$582$320$167$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $596,000, adding $2,307 every year, while hoping to spend $32,832 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: 58/29/13 Blend
49$596,000$596,000$596,000$596,000
50$659,172$627,584$618,346$695,126
51$691,474$623,402$604,127$715,491
52$725,971$617,916$588,332$733,834
53$762,852$611,025$570,873$753,053
54$802,323$602,626$551,658$773,236
55$844,614$592,608$530,591$794,482
56$889,971$580,853$507,574$816,901
57$938,671$567,237$482,500$840,617
58$991,012$551,629$455,260$865,766
59$1,047,325$533,888$425,741$892,503
60$1,107,972$513,868$393,823$920,997
61$1,173,350$491,412$359,381$951,438
62$1,243,896$466,356$322,285$984,038
63$1,320,090$438,524$282,398$1,019,033
64$1,402,459$407,732$239,578$1,056,683
65$1,491,583$373,784$193,677$1,097,282
66$1,588,099$336,473$144,539$1,141,151
67$1,692,707$295,583$92,004$1,188,651
68$1,806,178$250,881$35,901$1,240,181
69$1,929,358$202,125$0$1,296,185
70$2,063,180$149,057$0$1,360,481
71$2,208,669$91,404$0$1,435,820
72$2,366,951$28,881$0$1,517,852
73$2,539,267$0$0$1,607,275
74$2,726,982$0$0$1,717,254
75$2,931,599$0$0$1,847,226
76$3,154,770$0$0$1,989,032
77$3,398,315$0$0$2,143,834
78$3,664,237$0$0$2,312,912
79$3,954,741$0$0$2,497,673
80$4,272,255$0$0$2,699,669
81$4,619,449$0$0$2,920,606
82$4,999,268$0$0$3,162,364
83$5,414,949$0$0$3,427,012
84$5,870,062$0$0$3,716,831
85$6,368,534$0$0$4,034,329
86$6,914,692$0$0$4,382,272
87$7,513,299$0$0$4,763,702
88$8,169,604$0$0$5,181,973
89$8,889,385$0$0$5,640,777
90$9,679,008$0$0$6,144,182
91$10,545,484$0$0$6,696,668
92$11,496,536$0$0$7,303,170
93$12,540,671$0$0$7,969,123
94$13,687,259$0$0$8,700,515
95$14,946,624$0$0$9,503,944
96$16,330,136$0$0$10,386,676
97$17,850,324$0$0$11,356,716
98$19,520,989$0$0$12,422,884
99$21,357,334$0$0$13,594,897
100$23,376,110$0$0$14,883,459