Can I retire at age 50 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$49,547$49,106$48,676$48,255$47,845$47,643
2 years$24,528$24,072$23,629$23,200$22,783$22,580
3 years$16,190$15,731$15,289$14,864$14,455$14,255
4 years$12,021$11,564$11,127$10,709$10,309$10,116
5 years$9,521$9,066$8,635$8,225$7,837$7,650
6 years$7,855$7,403$6,978$6,578$6,201$6,021
7 years$6,665$6,217$5,799$5,408$5,043$4,870
8 years$5,773$5,329$4,918$4,537$4,184$4,017
9 years$5,079$4,640$4,236$3,864$3,523$3,364
10 years$4,525$4,090$3,693$3,331$3,002$2,849
11 years$4,072$3,641$3,251$2,899$2,582$2,436
12 years$3,694$3,268$2,885$2,543$2,237$2,098
13 years$3,375$2,953$2,578$2,245$1,951$1,818
14 years$3,102$2,685$2,316$1,993$1,710$1,583
15 years$2,865$2,452$2,091$1,777$1,506$1,385
16 years$2,658$2,250$1,896$1,591$1,331$1,216
17 years$2,476$2,072$1,725$1,430$1,180$1,071
18 years$2,314$1,915$1,575$1,289$1,049$945
19 years$2,169$1,775$1,442$1,164$935$837
20 years$2,039$1,649$1,323$1,054$835$742
21 years$1,922$1,536$1,217$957$748$659
22 years$1,815$1,434$1,122$870$670$587
23 years$1,718$1,341$1,036$792$601$523
24 years$1,629$1,256$958$723$541$466
25 years$1,547$1,179$887$660$486$416
26 years$1,472$1,108$823$604$438$372
27 years$1,402$1,043$764$552$395$333
28 years$1,337$983$710$506$356$298
29 years$1,277$927$661$464$322$267
30 years$1,221$876$616$426$291$239
31 years$1,169$828$574$391$263$215
32 years$1,120$783$536$360$238$193
33 years$1,075$742$500$331$215$173
34 years$1,032$703$467$304$195$155
35 years$991$667$437$280$177$139
36 years$953$633$409$258$160$125
37 years$917$601$382$238$145$113
38 years$883$571$358$219$131$101
39 years$851$543$336$202$119$91
40 years$820$517$315$186$108$82
41 years$791$492$295$172$98$74
42 years$764$468$277$159$89$66
43 years$738$446$260$146$81$60
44 years$713$425$244$135$73$54
45 years$689$406$229$125$67$48
46 years$667$387$215$115$60$43
47 years$645$369$202$107$55$39
48 years$624$353$190$98$50$35
49 years$605$337$178$91$45$32
50 years$586$322$168$84$41$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $600,000, adding $5,338 every year, while hoping to spend $30,833 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: 46/35/19 Blend
49$600,000$600,000$600,000$600,000
50$666,706$634,906$625,606$693,532
51$701,904$633,210$613,758$711,124
52$739,659$630,398$600,479$726,695
53$780,199$626,382$585,690$742,942
54$823,774$621,070$569,306$759,941
55$870,660$614,364$551,238$777,778
56$921,158$606,158$531,396$796,550
57$975,601$596,345$509,682$816,366
58$1,034,351$584,805$485,996$837,348
59$1,097,811$571,416$460,232$859,633
60$1,166,419$556,047$432,281$883,373
61$1,240,659$538,558$402,028$908,741
62$1,321,062$518,803$369,352$935,929
63$1,408,212$496,627$334,127$965,151
64$1,502,753$471,865$296,224$996,647
65$1,605,391$444,343$255,504$1,030,684
66$1,716,902$413,877$211,824$1,067,561
67$1,838,141$380,272$165,036$1,107,610
68$1,970,050$343,324$114,983$1,151,203
69$2,113,663$302,815$61,503$1,198,752
70$2,270,118$258,514$4,425$1,250,716
71$2,440,669$210,180$0$1,307,607
72$2,626,694$157,556$0$1,381,447
73$2,829,712$100,371$0$1,463,116
74$3,051,393$38,340$0$1,552,458
75$3,293,577$0$0$1,650,295
76$3,558,288$0$0$1,768,644
77$3,847,756$0$0$1,914,274
78$4,164,435$0$0$2,073,664
79$4,511,028$0$0$2,248,182
80$4,890,511$0$0$2,439,335
81$5,306,161$0$0$2,648,784
82$5,761,587$0$0$2,878,356
83$6,260,763$0$0$3,130,066
84$6,808,068$0$0$3,406,131
85$7,408,322$0$0$3,708,994
86$8,066,835$0$0$4,041,345
87$8,789,457$0$0$4,406,147
88$9,582,631$0$0$4,806,667
89$10,453,452$0$0$5,246,498
90$11,409,739$0$0$5,729,603
91$12,460,104$0$0$6,260,346
92$13,614,033$0$0$6,843,534
93$14,881,976$0$0$7,484,463
94$16,275,449$0$0$8,188,968
95$17,807,134$0$0$8,963,476
96$19,491,007$0$0$9,815,070
97$21,342,461$0$0$10,751,552
98$23,378,461$0$0$11,781,519
99$25,617,693$0$0$12,914,442
100$28,080,748$0$0$14,160,755