Can I retire at age 50 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$49,300$48,861$48,432$48,014$47,606$45,880
2 years$24,406$23,951$23,511$23,084$22,669$20,950
3 years$16,109$15,652$15,213$14,790$14,382$12,723
4 years$11,961$11,506$11,071$10,655$10,258$8,671
5 years$9,473$9,021$8,592$8,184$7,798$6,288
6 years$7,815$7,366$6,943$6,545$6,170$4,738
7 years$6,631$6,186$5,770$5,381$5,018$3,664
8 years$5,744$5,303$4,893$4,514$4,163$2,885
9 years$5,054$4,617$4,215$3,845$3,506$2,303
10 years$4,502$4,070$3,674$3,314$2,987$1,857
11 years$4,051$3,623$3,235$2,885$2,569$1,509
12 years$3,676$3,252$2,871$2,530$2,226$1,234
13 years$3,358$2,939$2,565$2,234$1,941$1,014
14 years$3,086$2,671$2,305$1,983$1,702$837
15 years$2,851$2,440$2,081$1,768$1,498$692
16 years$2,645$2,239$1,887$1,583$1,324$575
17 years$2,463$2,062$1,717$1,423$1,174$478
18 years$2,302$1,905$1,567$1,282$1,044$398
19 years$2,158$1,766$1,435$1,158$931$332
20 years$2,029$1,641$1,317$1,049$831$277
21 years$1,912$1,528$1,211$952$744$232
22 years$1,806$1,427$1,116$866$667$194
23 years$1,709$1,334$1,031$788$598$162
24 years$1,621$1,250$953$719$538$136
25 years$1,539$1,173$883$657$484$114
26 years$1,464$1,103$819$601$436$96
27 years$1,395$1,038$760$550$393$80
28 years$1,331$978$707$504$355$67
29 years$1,271$922$658$462$320$57
30 years$1,215$871$613$424$289$47
31 years$1,163$824$571$389$262$40
32 years$1,115$779$533$358$237$33
33 years$1,069$738$498$329$214$28
34 years$1,026$699$465$303$194$24
35 years$986$663$435$279$176$20
36 years$948$630$407$257$159$17
37 years$912$598$381$236$144$14
38 years$879$568$356$218$131$12
39 years$847$540$334$201$119$10
40 years$816$514$313$185$108$8
41 years$787$489$293$171$98$7
42 years$760$466$275$158$89$6
43 years$734$444$258$146$80$5
44 years$709$423$242$135$73$4
45 years$686$404$228$124$66$3
46 years$663$385$214$115$60$3
47 years$642$368$201$106$55$2
48 years$621$351$189$98$50$2
49 years$602$335$177$91$45$2
50 years$583$320$167$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $597,000, adding $3,754 every year, while hoping to spend $34,998 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: 47/48/5 Blend
49$597,000$597,000$597,000$597,000
50$661,766$630,125$620,872$691,836
51$692,029$623,764$604,433$706,464
52$724,205$615,918$586,271$718,326
53$758,454$606,477$566,291$730,368
54$794,947$595,326$544,393$742,614
55$833,876$582,341$520,474$755,097
56$875,447$567,392$494,426$767,852
57$919,890$550,340$466,136$780,923
58$967,452$531,041$435,485$794,359
59$1,018,408$509,338$402,350$808,218
60$1,073,058$485,068$366,602$822,566
61$1,131,733$458,059$328,105$837,480
62$1,194,792$428,126$286,719$853,048
63$1,262,634$395,077$242,297$869,370
64$1,335,693$358,707$194,685$886,561
65$1,414,449$318,799$143,722$904,753
66$1,499,428$275,125$89,242$924,093
67$1,591,207$227,443$31,068$944,750
68$1,690,420$175,498$0$966,916
69$1,797,766$119,020$0$992,460
70$1,914,011$57,725$0$1,021,849
71$2,039,998$0$0$1,053,708
72$2,176,656$0$0$1,092,947
73$2,325,002$0$0$1,168,697
74$2,486,159$0$0$1,251,048
75$2,661,361$0$0$1,340,638
76$2,851,963$0$0$1,438,168
77$3,059,461$0$0$1,544,412
78$3,285,495$0$0$1,660,218
79$3,531,876$0$0$1,786,522
80$3,800,592$0$0$1,924,353
81$4,093,833$0$0$2,074,844
82$4,414,011$0$0$2,239,244
83$4,763,779$0$0$2,418,924
84$5,146,059$0$0$2,615,396
85$5,564,068$0$0$2,830,326
86$6,021,346$0$0$3,065,546
87$6,521,793$0$0$3,323,073
88$7,069,704$0$0$3,605,131
89$7,669,806$0$0$3,914,167
90$8,327,307$0$0$4,252,875
91$9,047,942$0$0$4,624,225
92$9,838,025$0$0$5,031,486
93$10,704,513$0$0$5,478,258
94$11,655,068$0$0$5,968,508
95$12,698,129$0$0$6,506,605
96$13,842,990$0$0$7,097,362
97$15,099,891$0$0$7,746,078
98$16,480,111$0$0$8,458,594
99$17,996,075$0$0$9,241,343
100$19,661,469$0$0$10,101,412