Can I retire at age 50 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$49,382$48,942$48,513$48,094$47,685$47,286
2 years$24,447$23,991$23,550$23,122$22,707$22,305
3 years$16,136$15,679$15,238$14,815$14,406$14,013
4 years$11,981$11,525$11,090$10,673$10,275$9,894
5 years$9,489$9,036$8,606$8,198$7,811$7,443
6 years$7,828$7,379$6,955$6,556$6,180$5,827
7 years$6,643$6,197$5,780$5,390$5,026$4,687
8 years$5,754$5,312$4,902$4,522$4,170$3,844
9 years$5,062$4,625$4,222$3,851$3,512$3,200
10 years$4,510$4,076$3,681$3,320$2,992$2,695
11 years$4,058$3,629$3,240$2,889$2,573$2,289
12 years$3,682$3,257$2,876$2,534$2,230$1,959
13 years$3,364$2,944$2,569$2,237$1,945$1,687
14 years$3,091$2,676$2,308$1,986$1,705$1,460
15 years$2,856$2,444$2,084$1,771$1,501$1,268
16 years$2,649$2,243$1,890$1,586$1,326$1,106
17 years$2,468$2,065$1,720$1,425$1,176$967
18 years$2,306$1,908$1,570$1,284$1,046$848
19 years$2,162$1,769$1,437$1,160$932$745
20 years$2,032$1,644$1,319$1,051$833$656
21 years$1,915$1,531$1,213$954$745$579
22 years$1,809$1,429$1,118$867$668$511
23 years$1,712$1,337$1,032$790$599$452
24 years$1,623$1,252$955$720$539$400
25 years$1,542$1,175$884$658$485$355
26 years$1,467$1,105$820$602$437$315
27 years$1,397$1,039$762$551$394$279
28 years$1,333$979$708$504$355$248
29 years$1,273$924$659$463$321$220
30 years$1,217$873$614$425$290$196
31 years$1,165$825$572$390$262$174
32 years$1,117$781$534$358$237$155
33 years$1,071$739$498$330$215$138
34 years$1,028$701$466$303$194$123
35 years$988$665$435$279$176$110
36 years$950$631$407$257$159$98
37 years$914$599$381$237$144$87
38 years$880$569$357$218$131$78
39 years$848$541$334$201$119$69
40 years$818$515$313$186$108$62
41 years$789$490$294$171$98$55
42 years$761$467$276$158$89$49
43 years$735$445$259$146$80$44
44 years$711$424$243$135$73$39
45 years$687$404$228$124$66$35
46 years$664$386$214$115$60$31
47 years$643$368$201$106$55$28
48 years$622$351$189$98$50$25
49 years$603$336$178$91$45$22
50 years$584$321$167$84$41$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $598,000, adding $4,323 every year, while hoping to spend $46,520 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: 73/5/22 Blend
49$598,000$598,000$598,000$598,000
50$663,455$631,761$622,492$708,019
51$681,631$613,221$593,849$719,703
52$700,101$592,212$562,687$726,506
53$718,847$568,566$528,872$732,793
54$737,846$542,103$492,266$738,506
55$757,072$512,631$452,723$743,580
56$776,494$479,951$410,089$747,945
57$796,076$443,848$364,207$751,526
58$815,777$404,099$314,910$754,239
59$835,551$360,464$262,024$755,996
60$855,344$312,693$205,368$756,700
61$875,094$260,520$144,753$756,243
62$894,733$203,665$79,981$754,512
63$914,181$141,830$10,847$751,380
64$933,352$74,704$0$746,712
65$952,144$1,955$0$755,131
66$970,446$0$0$765,381
67$988,133$0$0$779,016
68$1,005,062$0$0$792,134
69$1,021,077$0$0$804,501
70$1,036,000$0$0$815,973
71$1,049,635$0$0$826,393
72$1,061,762$0$0$835,581
73$1,072,135$0$0$843,341
74$1,080,481$0$0$849,452
75$1,086,497$0$0$853,669
76$1,089,844$0$0$855,720
77$1,090,147$0$0$855,302
78$1,086,989$0$0$852,079
79$1,079,907$0$0$845,677
80$1,068,387$0$0$835,683
81$1,051,859$0$0$821,638
82$1,029,692$0$0$803,032
83$1,001,186$0$0$779,303
84$965,566$0$0$749,826
85$921,975$0$0$713,909
86$869,461$0$0$670,789
87$806,974$0$0$619,618
88$733,352$0$0$559,461
89$647,308$0$0$489,282
90$547,421$0$0$407,936
91$432,120$0$0$314,159
92$299,667$0$0$206,551
93$148,143$0$0$83,569
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