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%12.5%
1 years$49,547$49,106$48,676$48,255$47,845$47,345
2 years$24,528$24,072$23,629$23,200$22,783$22,280
3 years$16,190$15,731$15,289$14,864$14,455$13,964
4 years$12,021$11,564$11,127$10,709$10,309$9,834
5 years$9,521$9,066$8,635$8,225$7,837$7,379
6 years$7,855$7,403$6,978$6,578$6,201$5,761
7 years$6,665$6,217$5,799$5,408$5,043$4,621
8 years$5,773$5,329$4,918$4,537$4,184$3,780
9 years$5,079$4,640$4,236$3,864$3,523$3,137
10 years$4,525$4,090$3,693$3,331$3,002$2,633
11 years$4,072$3,641$3,251$2,899$2,582$2,231
12 years$3,694$3,268$2,885$2,543$2,237$1,903
13 years$3,375$2,953$2,578$2,245$1,951$1,633
14 years$3,102$2,685$2,316$1,993$1,710$1,409
15 years$2,865$2,452$2,091$1,777$1,506$1,220
16 years$2,658$2,250$1,896$1,591$1,331$1,060
17 years$2,476$2,072$1,725$1,430$1,180$924
18 years$2,314$1,915$1,575$1,289$1,049$807
19 years$2,169$1,775$1,442$1,164$935$707
20 years$2,039$1,649$1,323$1,054$835$620
21 years$1,922$1,536$1,217$957$748$545
22 years$1,815$1,434$1,122$870$670$479
23 years$1,718$1,341$1,036$792$601$422
24 years$1,629$1,256$958$723$541$372
25 years$1,547$1,179$887$660$486$329
26 years$1,472$1,108$823$604$438$290
27 years$1,402$1,043$764$552$395$257
28 years$1,337$983$710$506$356$227
29 years$1,277$927$661$464$322$201
30 years$1,221$876$616$426$291$178
31 years$1,169$828$574$391$263$158
32 years$1,120$783$536$360$238$140
33 years$1,075$742$500$331$215$124
34 years$1,032$703$467$304$195$110
35 years$991$667$437$280$177$97
36 years$953$633$409$258$160$86
37 years$917$601$382$238$145$77
38 years$883$571$358$219$131$68
39 years$851$543$336$202$119$60
40 years$820$517$315$186$108$54
41 years$791$492$295$172$98$48
42 years$764$468$277$159$89$42
43 years$738$446$260$146$81$38
44 years$713$425$244$135$73$33
45 years$689$406$229$125$67$30
46 years$667$387$215$115$60$26
47 years$645$369$202$107$55$23
48 years$624$353$190$98$50$21
49 years$605$337$178$91$45$18
50 years$586$322$168$84$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $600,000, adding $5,556 every year, while hoping to spend $26,902 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: 39/42/19 Blend
49$600,000$600,000$600,000$600,000
50$666,931$635,131$625,831$688,969
51$706,334$637,629$618,173$707,792
52$748,855$639,348$609,356$725,153
53$794,783$640,220$599,315$743,367
54$844,437$640,177$587,977$762,525
55$898,165$639,141$575,270$782,731
56$956,353$637,034$561,117$804,100
57$1,019,424$633,771$545,437$826,760
58$1,087,841$629,262$528,145$850,855
59$1,162,117$623,412$509,154$876,545
60$1,242,813$616,120$488,371$904,010
61$1,330,549$607,278$465,700$933,449
62$1,426,004$596,774$441,040$965,086
63$1,529,927$584,486$414,286$999,167
64$1,643,142$570,289$385,327$1,035,970
65$1,766,556$554,046$354,048$1,075,803
66$1,901,166$535,616$320,330$1,119,008
67$2,048,070$514,847$284,047$1,165,965
68$2,208,478$491,579$245,067$1,217,098
69$2,383,720$465,643$203,254$1,272,878
70$2,575,261$436,861$158,464$1,333,828
71$2,784,713$405,043$110,549$1,400,527
72$3,013,853$369,990$59,352$1,473,622
73$3,264,636$331,489$4,710$1,553,827
74$3,539,215$289,319$0$1,641,935
75$3,839,962$243,241$0$1,749,695
76$4,169,486$193,008$0$1,868,940
77$4,530,664$138,356$0$1,999,834
78$4,926,662$79,007$0$2,143,617
79$5,360,970$14,666$0$2,301,656
80$5,837,428$0$0$2,475,467
81$6,360,269$0$0$2,692,131
82$6,934,153$0$0$2,937,472
83$7,564,215$0$0$3,206,915
84$8,256,111$0$0$3,502,891
85$9,016,071$0$0$3,828,076
86$9,850,959$0$0$4,185,418
87$10,768,335$0$0$4,578,166
88$11,776,531$0$0$5,009,898
89$12,884,722$0$0$5,484,557
90$14,103,018$0$0$6,006,485
91$15,442,559$0$0$6,580,470
92$16,915,615$0$0$7,211,782
93$18,535,707$0$0$7,906,232
94$20,317,732$0$0$8,670,219
95$22,278,101$0$0$9,510,795
96$24,434,899$0$0$10,435,732
97$26,808,050$0$0$11,453,589
98$29,419,508$0$0$12,573,800
99$32,293,461$0$0$13,806,759
100$35,456,561$0$0$15,163,918