Can I retire at age 50 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$49,713$49,270$48,838$48,416$48,004$47,190
2 years$24,610$24,152$23,708$23,277$22,859$22,041
3 years$16,244$15,784$15,340$14,914$14,503$13,706
4 years$12,061$11,603$11,164$10,745$10,344$9,575
5 years$9,553$9,097$8,664$8,253$7,863$7,125
6 years$7,881$7,428$7,002$6,600$6,222$5,515
7 years$6,687$6,238$5,818$5,426$5,060$4,384
8 years$5,792$5,347$4,934$4,552$4,198$3,553
9 years$5,096$4,656$4,250$3,877$3,535$2,921
10 years$4,540$4,104$3,705$3,342$3,012$2,428
11 years$4,085$3,653$3,262$2,909$2,590$2,037
12 years$3,707$3,279$2,895$2,551$2,245$1,720
13 years$3,386$2,963$2,586$2,252$1,958$1,461
14 years$3,112$2,694$2,324$1,999$1,716$1,246
15 years$2,875$2,461$2,098$1,783$1,511$1,068
16 years$2,667$2,258$1,902$1,597$1,335$917
17 years$2,484$2,079$1,731$1,435$1,184$791
18 years$2,322$1,921$1,580$1,293$1,053$683
19 years$2,177$1,781$1,447$1,168$938$591
20 years$2,046$1,655$1,328$1,058$838$512
21 years$1,928$1,541$1,221$960$750$445
22 years$1,821$1,439$1,125$873$672$387
23 years$1,723$1,346$1,039$795$604$336
24 years$1,634$1,261$961$725$542$293
25 years$1,552$1,183$890$662$488$255
26 years$1,476$1,112$826$606$440$223
27 years$1,407$1,046$767$554$396$194
28 years$1,342$986$713$508$358$170
29 years$1,282$930$663$466$323$148
30 years$1,225$878$618$427$292$130
31 years$1,173$830$576$393$264$113
32 years$1,124$786$537$361$239$99
33 years$1,078$744$502$332$216$87
34 years$1,035$705$469$305$196$76
35 years$994$669$438$281$177$66
36 years$956$635$410$259$160$58
37 years$920$603$384$238$145$51
38 years$886$573$359$220$132$45
39 years$854$545$337$203$120$39
40 years$823$518$316$187$108$34
41 years$794$494$296$172$98$30
42 years$766$470$278$159$89$26
43 years$740$448$260$147$81$23
44 years$715$427$244$136$74$20
45 years$691$407$230$125$67$18
46 years$669$388$216$116$61$15
47 years$647$371$203$107$55$14
48 years$626$354$190$99$50$12
49 years$607$338$179$91$45$10
50 years$588$323$168$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $602,000, adding $4,111 every year, while hoping to spend $51,016 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: 75/15/10 Blend
49$602,000$602,000$602,000$602,000
50$667,644$635,738$626,407$716,211
51$681,464$612,609$593,112$725,655
52$694,982$586,636$556,990$729,158
53$708,116$557,627$517,895$731,562
54$720,771$525,378$475,671$732,741
55$732,840$489,671$430,156$732,557
56$744,204$450,280$381,181$730,858
57$754,730$406,961$328,568$727,478
58$764,271$359,460$272,133$722,237
59$772,660$307,507$211,684$714,933
60$779,714$250,818$147,017$705,351
61$785,226$189,090$77,924$693,251
62$788,970$122,006$4,185$678,372
63$790,690$49,229$0$660,427
64$790,105$0$0$647,054
65$786,902$0$0$635,836
66$780,732$0$0$630,279
67$771,211$0$0$621,937
68$757,909$0$0$610,456
69$740,354$0$0$595,444
70$718,020$0$0$576,467
71$690,326$0$0$553,043
72$656,628$0$0$524,640
73$616,213$0$0$490,668
74$568,293$0$0$450,475
75$511,996$0$0$403,340
76$446,357$0$0$348,465
77$370,310$0$0$284,968
78$282,677$0$0$211,875
79$182,155$0$0$128,108
80$67,305$0$0$32,478
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0