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%11.3%
1 years$49,217$48,779$48,351$47,934$47,526$47,266
2 years$24,365$23,911$23,471$23,045$22,631$22,369
3 years$16,082$15,626$15,188$14,765$14,358$14,102
4 years$11,941$11,487$11,053$10,637$10,240$9,992
5 years$9,457$9,006$8,577$8,171$7,785$7,544
6 years$7,802$7,354$6,932$6,534$6,160$5,928
7 years$6,620$6,176$5,760$5,372$5,009$4,787
8 years$5,734$5,294$4,885$4,506$4,156$3,942
9 years$5,046$4,609$4,208$3,839$3,500$3,295
10 years$4,495$4,063$3,668$3,309$2,982$2,786
11 years$4,045$3,617$3,230$2,880$2,565$2,377
12 years$3,670$3,246$2,866$2,526$2,222$2,044
13 years$3,353$2,934$2,561$2,230$1,938$1,767
14 years$3,081$2,667$2,301$1,980$1,699$1,536
15 years$2,846$2,436$2,077$1,765$1,496$1,341
16 years$2,641$2,235$1,883$1,581$1,322$1,175
17 years$2,459$2,058$1,714$1,420$1,172$1,033
18 years$2,299$1,902$1,564$1,280$1,042$910
19 years$2,155$1,763$1,432$1,157$929$804
20 years$2,026$1,638$1,314$1,047$830$711
21 years$1,909$1,526$1,209$951$743$631
22 years$1,803$1,424$1,114$864$666$560
23 years$1,706$1,332$1,029$787$597$498
24 years$1,618$1,248$951$718$537$443
25 years$1,537$1,171$881$656$483$395
26 years$1,462$1,101$817$600$435$352
27 years$1,393$1,036$759$549$392$314
28 years$1,328$976$706$503$354$281
29 years$1,269$921$657$461$320$251
30 years$1,213$870$612$423$289$224
31 years$1,161$822$570$389$261$201
32 years$1,113$778$532$357$236$180
33 years$1,067$737$497$328$214$161
34 years$1,025$698$464$302$194$144
35 years$984$662$434$278$175$129
36 years$947$629$406$256$159$116
37 years$911$597$380$236$144$104
38 years$877$567$356$218$131$93
39 years$845$540$333$201$118$83
40 years$815$513$312$185$107$75
41 years$786$489$293$171$97$67
42 years$759$465$275$158$88$60
43 years$733$443$258$145$80$54
44 years$708$423$242$134$73$49
45 years$685$403$227$124$66$44
46 years$662$384$213$115$60$39
47 years$641$367$201$106$55$35
48 years$620$350$188$98$49$32
49 years$601$334$177$90$45$28
50 years$582$320$167$84$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $596,000, adding $4,831 every year, while hoping to spend $34,511 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: 60/32/8 Blend
49$596,000$596,000$596,000$596,000
50$661,775$630,187$620,949$700,051
51$692,557$624,347$605,032$720,445
52$725,322$617,064$587,424$738,300
53$760,235$608,231$568,034$756,912
54$797,479$597,734$546,763$776,353
55$837,253$585,454$523,510$796,708
56$879,774$571,262$498,169$818,068
57$925,281$555,025$470,628$840,537
58$974,037$536,598$440,771$864,231
59$1,026,329$515,832$408,477$889,280
60$1,082,473$492,565$373,619$915,828
61$1,142,814$466,630$336,064$944,036
62$1,207,732$437,846$295,674$974,084
63$1,277,646$406,025$252,304$1,006,173
64$1,353,012$370,967$205,802$1,040,525
65$1,434,334$332,460$156,012$1,077,391
66$1,522,166$290,280$102,768$1,117,046
67$1,617,115$244,192$45,899$1,159,800
68$1,719,849$193,945$0$1,205,996
69$1,831,102$139,277$0$1,257,277
70$1,951,682$79,909$0$1,317,069
71$2,082,475$15,546$0$1,381,938
72$2,224,459$0$0$1,452,426
73$2,378,707$0$0$1,548,188
74$2,546,399$0$0$1,658,291
75$2,728,836$0$0$1,778,118
76$2,927,446$0$0$1,908,615
77$3,143,803$0$0$2,050,819
78$3,379,638$0$0$2,205,875
79$3,636,856$0$0$2,375,042
80$3,917,553$0$0$2,559,706
81$4,224,039$0$0$2,761,391
82$4,558,853$0$0$2,981,776
83$4,924,793$0$0$3,222,711
84$5,324,939$0$0$3,486,230
85$5,762,680$0$0$3,774,574
86$6,241,751$0$0$4,090,211
87$6,766,262$0$0$4,435,857
88$7,340,741$0$0$4,814,506
89$7,970,173$0$0$5,229,452
90$8,660,048$0$0$5,684,324
91$9,416,414$0$0$6,183,119
92$10,245,929$0$0$6,730,240
93$11,155,930$0$0$7,330,535
94$12,154,496$0$0$7,989,345
95$13,250,526$0$0$8,712,553
96$14,453,824$0$0$9,506,639
97$15,775,188$0$0$10,378,743
98$17,226,515$0$0$11,336,728
99$18,820,907$0$0$12,389,257
100$20,572,803$0$0$13,545,874