Can I retire at age 50 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$49,465$49,024$48,594$48,175$47,765$46,107
2 years$24,488$24,031$23,590$23,161$22,745$21,092
3 years$16,163$15,705$15,264$14,839$14,431$12,834
4 years$12,001$11,545$11,108$10,691$10,292$8,764
5 years$9,505$9,051$8,620$8,212$7,824$6,369
6 years$7,841$7,391$6,967$6,567$6,191$4,810
7 years$6,654$6,207$5,789$5,399$5,035$3,728
8 years$5,763$5,320$4,910$4,529$4,177$2,942
9 years$5,071$4,632$4,229$3,858$3,517$2,354
10 years$4,517$4,083$3,687$3,325$2,997$1,903
11 years$4,065$3,635$3,246$2,894$2,578$1,551
12 years$3,688$3,263$2,881$2,539$2,234$1,271
13 years$3,369$2,949$2,574$2,241$1,948$1,048
14 years$3,097$2,680$2,312$1,989$1,707$867
15 years$2,860$2,448$2,088$1,774$1,503$719
16 years$2,654$2,246$1,893$1,589$1,329$599
17 years$2,472$2,069$1,722$1,427$1,178$499
18 years$2,310$1,912$1,572$1,286$1,047$417
19 years$2,166$1,772$1,439$1,162$934$349
20 years$2,036$1,646$1,321$1,053$834$293
21 years$1,918$1,533$1,215$955$746$245
22 years$1,812$1,431$1,120$869$669$206
23 years$1,715$1,339$1,034$791$600$173
24 years$1,626$1,254$956$722$540$145
25 years$1,544$1,177$886$659$486$122
26 years$1,469$1,106$821$603$437$103
27 years$1,400$1,041$763$552$394$87
28 years$1,335$981$709$505$356$73
29 years$1,275$926$660$463$321$61
30 years$1,219$874$615$425$290$52
31 years$1,167$826$573$391$263$44
32 years$1,118$782$535$359$237$37
33 years$1,073$740$499$330$215$31
34 years$1,030$702$466$304$195$26
35 years$989$666$436$280$176$22
36 years$951$632$408$257$160$18
37 years$915$600$382$237$145$16
38 years$881$570$358$219$131$13
39 years$849$542$335$202$119$11
40 years$819$516$314$186$108$9
41 years$790$491$294$172$98$8
42 years$763$468$276$158$89$7
43 years$737$446$259$146$81$6
44 years$712$425$243$135$73$5
45 years$688$405$228$125$66$4
46 years$665$386$215$115$60$3
47 years$644$369$202$106$55$3
48 years$623$352$189$98$50$2
49 years$604$336$178$91$45$2
50 years$585$321$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $599,000, adding $4,159 every year, while hoping to spend $41,963 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: 28/43/29 Blend
49$599,000$599,000$599,000$599,000
50$664,388$632,641$623,357$676,944
51$687,507$618,992$599,591$673,702
52$711,578$603,268$573,622$666,337
53$736,654$585,323$545,333$657,587
54$762,791$565,002$514,600$647,363
55$790,050$542,141$481,294$635,572
56$818,497$516,569$445,279$622,115
57$848,204$488,100$406,416$606,890
58$879,247$456,543$364,557$589,789
59$911,709$421,693$319,548$570,699
60$945,679$383,332$271,229$549,502
61$981,255$341,232$219,432$526,076
62$1,018,542$295,151$163,982$500,290
63$1,057,654$244,834$104,696$472,011
64$1,098,715$190,011$41,384$441,097
65$1,141,859$130,397$0$407,402
66$1,187,233$65,691$0$378,875
67$1,234,996$0$0$361,447
68$1,285,320$0$0$344,294
69$1,338,395$0$0$359,023
70$1,394,425$0$0$374,613
71$1,453,635$0$0$391,129
72$1,516,269$0$0$408,648
73$1,582,595$0$0$427,248
74$1,652,903$0$0$447,018
75$1,727,512$0$0$468,055
76$1,806,771$0$0$490,464
77$1,891,061$0$0$514,361
78$1,980,798$0$0$539,872
79$2,076,439$0$0$567,136
80$2,178,483$0$0$596,306
81$2,287,479$0$0$627,547
82$2,404,027$0$0$661,043
83$2,528,784$0$0$696,995
84$2,662,472$0$0$735,622
85$2,805,882$0$0$777,167
86$2,959,883$0$0$821,894
87$3,125,428$0$0$870,095
88$3,303,563$0$0$922,090
89$3,495,436$0$0$978,231
90$3,702,311$0$0$1,038,904
91$3,925,573$0$0$1,104,534
92$4,166,745$0$0$1,175,588
93$4,427,500$0$0$1,252,578
94$4,709,678$0$0$1,336,070
95$5,015,301$0$0$1,426,683
96$5,346,593$0$0$1,525,100
97$5,705,999$0$0$1,632,072
98$6,096,206$0$0$1,748,424
99$6,520,173$0$0$1,875,066
100$6,981,152$0$0$2,012,996