Can I retire at age 50 with 599,000?

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 $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%15.9%
1 years$49,465$49,024$48,594$48,175$47,765$46,610
2 years$24,488$24,031$23,590$23,161$22,745$21,589
3 years$16,163$15,705$15,264$14,839$14,431$13,309
4 years$12,001$11,545$11,108$10,691$10,292$9,213
5 years$9,505$9,051$8,620$8,212$7,824$6,791
6 years$7,841$7,391$6,967$6,567$6,191$5,205
7 years$6,654$6,207$5,789$5,399$5,035$4,096
8 years$5,763$5,320$4,910$4,529$4,177$3,285
9 years$5,071$4,632$4,229$3,858$3,517$2,672
10 years$4,517$4,083$3,687$3,325$2,997$2,197
11 years$4,065$3,635$3,246$2,894$2,578$1,821
12 years$3,688$3,263$2,881$2,539$2,234$1,520
13 years$3,369$2,949$2,574$2,241$1,948$1,276
14 years$3,097$2,680$2,312$1,989$1,707$1,075
15 years$2,860$2,448$2,088$1,774$1,503$910
16 years$2,654$2,246$1,893$1,589$1,329$772
17 years$2,472$2,069$1,722$1,427$1,178$657
18 years$2,310$1,912$1,572$1,286$1,047$560
19 years$2,166$1,772$1,439$1,162$934$478
20 years$2,036$1,646$1,321$1,053$834$409
21 years$1,918$1,533$1,215$955$746$350
22 years$1,812$1,431$1,120$869$669$300
23 years$1,715$1,339$1,034$791$600$258
24 years$1,626$1,254$956$722$540$221
25 years$1,544$1,177$886$659$486$190
26 years$1,469$1,106$821$603$437$163
27 years$1,400$1,041$763$552$394$141
28 years$1,335$981$709$505$356$121
29 years$1,275$926$660$463$321$104
30 years$1,219$874$615$425$290$90
31 years$1,167$826$573$391$263$77
32 years$1,118$782$535$359$237$67
33 years$1,073$740$499$330$215$57
34 years$1,030$702$466$304$195$49
35 years$989$666$436$280$176$43
36 years$951$632$408$257$160$37
37 years$915$600$382$237$145$32
38 years$881$570$358$219$131$27
39 years$849$542$335$202$119$24
40 years$819$516$314$186$108$20
41 years$790$491$294$172$98$18
42 years$763$468$276$158$89$15
43 years$737$446$259$146$81$13
44 years$712$425$243$135$73$11
45 years$688$405$228$125$66$10
46 years$665$386$215$115$60$8
47 years$644$369$202$106$55$7
48 years$623$352$189$98$50$6
49 years$604$336$178$91$45$5
50 years$585$321$167$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $599,000, adding $4,147 every year, while hoping to spend $32,797 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: 43/35/22 Blend
49$599,000$599,000$599,000$599,000
50$664,376$632,629$623,344$688,528
51$697,246$628,732$609,330$702,166
52$732,370$623,545$593,748$713,437
53$769,943$616,969$576,510$724,986
54$810,179$608,903$557,524$736,853
55$853,313$599,234$536,697$749,090
56$899,601$587,847$513,927$761,751
57$949,328$574,619$489,111$774,903
58$1,002,803$559,419$462,139$788,620
59$1,060,366$542,108$432,898$802,986
60$1,122,392$522,540$401,269$818,098
61$1,189,291$500,560$367,127$834,066
62$1,261,516$476,004$330,343$851,013
63$1,339,561$448,698$290,780$869,081
64$1,423,972$418,460$248,296$888,427
65$1,515,348$385,095$202,745$909,232
66$1,614,347$348,399$153,971$931,697
67$1,721,694$308,154$101,812$956,049
68$1,838,184$264,131$46,101$982,543
69$1,964,695$216,089$0$1,011,465
70$2,102,188$163,772$0$1,046,271
71$2,251,725$106,910$0$1,095,938
72$2,414,470$45,218$0$1,150,081
73$2,591,706$0$0$1,209,197
74$2,784,847$0$0$1,282,159
75$2,995,444$0$0$1,380,772
76$3,225,208$0$0$1,488,431
77$3,476,021$0$0$1,606,025
78$3,749,956$0$0$1,734,537
79$4,049,292$0$0$1,875,044
80$4,376,541$0$0$2,028,736
81$4,734,467$0$0$2,196,921
82$5,126,114$0$0$2,381,041
83$5,554,835$0$0$2,582,682
84$6,024,320$0$0$2,803,591
85$6,538,633$0$0$3,045,694
86$7,102,251$0$0$3,311,110
87$7,720,103$0$0$3,602,173
88$8,397,619$0$0$3,921,455
89$9,140,779$0$0$4,271,786
90$9,956,168$0$0$4,656,288
91$10,851,044$0$0$5,078,395
92$11,833,395$0$0$5,541,892
93$12,912,027$0$0$6,050,950
94$14,096,635$0$0$6,610,161
95$15,397,902$0$0$7,224,584
96$16,827,595$0$0$7,899,795
97$18,398,679$0$0$8,641,934
98$20,125,436$0$0$9,457,766
99$22,023,599$0$0$10,354,745
100$24,110,505$0$0$11,341,084