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%13.8%
1 years$49,217$48,779$48,351$47,934$47,526$46,777
2 years$24,365$23,911$23,471$23,045$22,631$21,879
3 years$16,082$15,626$15,188$14,765$14,358$13,626
4 years$11,941$11,487$11,053$10,637$10,240$9,533
5 years$9,457$9,006$8,577$8,171$7,785$7,105
6 years$7,802$7,354$6,932$6,534$6,160$5,508
7 years$6,620$6,176$5,760$5,372$5,009$4,386
8 years$5,734$5,294$4,885$4,506$4,156$3,561
9 years$5,046$4,609$4,208$3,839$3,500$2,933
10 years$4,495$4,063$3,668$3,309$2,982$2,443
11 years$4,045$3,617$3,230$2,880$2,565$2,052
12 years$3,670$3,246$2,866$2,526$2,222$1,736
13 years$3,353$2,934$2,561$2,230$1,938$1,478
14 years$3,081$2,667$2,301$1,980$1,699$1,263
15 years$2,846$2,436$2,077$1,765$1,496$1,084
16 years$2,641$2,235$1,883$1,581$1,322$934
17 years$2,459$2,058$1,714$1,420$1,172$807
18 years$2,299$1,902$1,564$1,280$1,042$698
19 years$2,155$1,763$1,432$1,157$929$606
20 years$2,026$1,638$1,314$1,047$830$526
21 years$1,909$1,526$1,209$951$743$458
22 years$1,803$1,424$1,114$864$666$399
23 years$1,706$1,332$1,029$787$597$348
24 years$1,618$1,248$951$718$537$304
25 years$1,537$1,171$881$656$483$265
26 years$1,462$1,101$817$600$435$232
27 years$1,393$1,036$759$549$392$203
28 years$1,328$976$706$503$354$178
29 years$1,269$921$657$461$320$156
30 years$1,213$870$612$423$289$136
31 years$1,161$822$570$389$261$120
32 years$1,113$778$532$357$236$105
33 years$1,067$737$497$328$214$92
34 years$1,025$698$464$302$194$81
35 years$984$662$434$278$175$71
36 years$947$629$406$256$159$62
37 years$911$597$380$236$144$54
38 years$877$567$356$218$131$48
39 years$845$540$333$201$118$42
40 years$815$513$312$185$107$37
41 years$786$489$293$171$97$32
42 years$759$465$275$158$88$28
43 years$733$443$258$145$80$25
44 years$708$423$242$134$73$22
45 years$685$403$227$124$66$19
46 years$662$384$213$115$60$17
47 years$641$367$201$106$55$15
48 years$620$350$188$98$49$13
49 years$601$334$177$90$45$11
50 years$582$320$167$84$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $596,000, adding $3,313 every year, while hoping to spend $48,099 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: 70/25/5 Blend
49$596,000$596,000$596,000$596,000
50$660,209$628,621$619,383$705,857
51$676,374$608,247$588,956$716,068
52$692,575$585,262$555,897$720,967
53$708,766$559,488$520,067$724,988
54$724,893$530,736$481,322$728,032
55$740,895$498,805$439,510$729,993
56$756,705$463,485$394,473$730,755
57$772,245$424,552$346,044$730,190
58$787,429$381,770$294,050$728,162
59$802,158$334,888$238,312$724,520
60$816,323$283,643$178,641$719,101
61$829,802$227,755$114,840$711,727
62$842,458$166,931$46,703$702,205
63$854,137$100,859$0$690,325
64$864,669$29,211$0$677,243
65$873,862$0$0$664,073
66$881,504$0$0$661,363
67$887,359$0$0$665,293
68$891,163$0$0$667,622
69$892,624$0$0$668,125
70$891,417$0$0$666,550
71$887,180$0$0$662,617
72$879,514$0$0$656,018
73$867,974$0$0$646,409
74$852,067$0$0$633,410
75$831,248$0$0$616,598
76$804,912$0$0$595,507
77$772,390$0$0$569,618
78$732,939$0$0$538,361
79$685,740$0$0$501,100
80$629,885$0$0$457,135
81$564,370$0$0$405,691
82$488,085$0$0$345,911
83$399,803$0$0$276,846
84$298,167$0$0$197,450
85$181,678$0$0$106,564
86$48,679$0$0$2,911
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0