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%17.1%
1 years$49,465$49,024$48,594$48,175$47,765$46,385
2 years$24,488$24,031$23,590$23,161$22,745$21,366
3 years$16,163$15,705$15,264$14,839$14,431$13,095
4 years$12,001$11,545$11,108$10,691$10,292$9,010
5 years$9,505$9,051$8,620$8,212$7,824$6,600
6 years$7,841$7,391$6,967$6,567$6,191$5,025
7 years$6,654$6,207$5,789$5,399$5,035$3,928
8 years$5,763$5,320$4,910$4,529$4,177$3,128
9 years$5,071$4,632$4,229$3,858$3,517$2,526
10 years$4,517$4,083$3,687$3,325$2,997$2,061
11 years$4,065$3,635$3,246$2,894$2,578$1,696
12 years$3,688$3,263$2,881$2,539$2,234$1,404
13 years$3,369$2,949$2,574$2,241$1,948$1,169
14 years$3,097$2,680$2,312$1,989$1,707$977
15 years$2,860$2,448$2,088$1,774$1,503$820
16 years$2,654$2,246$1,893$1,589$1,329$690
17 years$2,472$2,069$1,722$1,427$1,178$582
18 years$2,310$1,912$1,572$1,286$1,047$491
19 years$2,166$1,772$1,439$1,162$934$416
20 years$2,036$1,646$1,321$1,053$834$352
21 years$1,918$1,533$1,215$955$746$299
22 years$1,812$1,431$1,120$869$669$254
23 years$1,715$1,339$1,034$791$600$216
24 years$1,626$1,254$956$722$540$184
25 years$1,544$1,177$886$659$486$156
26 years$1,469$1,106$821$603$437$133
27 years$1,400$1,041$763$552$394$113
28 years$1,335$981$709$505$356$97
29 years$1,275$926$660$463$321$82
30 years$1,219$874$615$425$290$70
31 years$1,167$826$573$391$263$60
32 years$1,118$782$535$359$237$51
33 years$1,073$740$499$330$215$44
34 years$1,030$702$466$304$195$37
35 years$989$666$436$280$176$32
36 years$951$632$408$257$160$27
37 years$915$600$382$237$145$23
38 years$881$570$358$219$131$20
39 years$849$542$335$202$119$17
40 years$819$516$314$186$108$14
41 years$790$491$294$172$98$12
42 years$763$468$276$158$89$10
43 years$737$446$259$146$81$9
44 years$712$425$243$135$73$8
45 years$688$405$228$125$66$7
46 years$665$386$215$115$60$6
47 years$644$369$202$106$55$5
48 years$623$352$189$98$50$4
49 years$604$336$178$91$45$3
50 years$585$321$167$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $599,000, adding $3,218 every year, while hoping to spend $34,533 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: 36/50/14 Blend
49$599,000$599,000$599,000$599,000
50$663,417$631,670$622,386$684,336
51$694,343$625,879$606,493$693,909
52$727,266$618,647$588,910$700,709
53$762,353$609,867$569,545$707,300
54$799,787$599,425$548,299$713,681
55$839,770$587,201$525,071$719,854
56$882,520$573,067$499,755$725,825
57$928,280$556,890$472,239$731,601
58$977,312$538,526$442,407$737,197
59$1,029,908$517,824$410,138$742,631
60$1,086,386$494,624$375,305$747,926
61$1,147,094$468,758$337,774$753,113
62$1,212,416$440,045$297,408$758,232
63$1,282,774$408,298$254,062$763,328
64$1,358,628$373,316$207,584$768,459
65$1,440,487$334,888$157,818$773,692
66$1,528,909$292,790$104,597$779,108
67$1,624,508$246,786$47,751$784,801
68$1,727,956$196,627$0$790,882
69$1,839,995$142,050$0$799,409
70$1,961,440$82,775$0$816,340
71$2,093,185$18,510$0$834,734
72$2,236,216$0$0$854,820
73$2,391,617$0$0$904,948
74$2,560,578$0$0$970,597
75$2,744,412$0$0$1,042,102
76$2,944,560$0$0$1,120,035
77$3,162,610$0$0$1,205,024
78$3,400,309$0$0$1,297,760
79$3,659,580$0$0$1,399,005
80$3,942,537$0$0$1,509,596
81$4,251,512$0$0$1,630,456
82$4,589,067$0$0$1,762,600
83$4,958,026$0$0$1,907,147
84$5,361,496$0$0$2,065,328
85$5,802,899$0$0$2,238,498
86$6,286,003$0$0$2,428,151
87$6,814,956$0$0$2,635,930
88$7,394,328$0$0$2,863,646
89$8,029,150$0$0$3,113,293
90$8,724,962$0$0$3,387,067
91$9,487,868$0$0$3,687,386
92$10,324,588$0$0$4,016,916
93$11,242,526$0$0$4,378,590
94$12,249,836$0$0$4,775,641
95$13,355,500$0$0$5,211,630
96$14,569,410$0$0$5,690,480
97$15,902,467$0$0$6,216,511
98$17,366,675$0$0$6,794,483
99$18,975,260$0$0$7,429,642
100$20,742,793$0$0$8,127,763