Can I retire at age 50 with 602,000?

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 $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%18.4%
1 years$49,713$49,270$48,838$48,416$48,004$46,375
2 years$24,610$24,152$23,708$23,277$22,859$21,234
3 years$16,244$15,784$15,340$14,914$14,503$12,933
4 years$12,061$11,603$11,164$10,745$10,344$8,841
5 years$9,553$9,097$8,664$8,253$7,863$6,431
6 years$7,881$7,428$7,002$6,600$6,222$4,862
7 years$6,687$6,238$5,818$5,426$5,060$3,773
8 years$5,792$5,347$4,934$4,552$4,198$2,981
9 years$5,096$4,656$4,250$3,877$3,535$2,388
10 years$4,540$4,104$3,705$3,342$3,012$1,933
11 years$4,085$3,653$3,262$2,909$2,590$1,577
12 years$3,707$3,279$2,895$2,551$2,245$1,295
13 years$3,386$2,963$2,586$2,252$1,958$1,068
14 years$3,112$2,694$2,324$1,999$1,716$885
15 years$2,875$2,461$2,098$1,783$1,511$736
16 years$2,667$2,258$1,902$1,597$1,335$613
17 years$2,484$2,079$1,731$1,435$1,184$512
18 years$2,322$1,921$1,580$1,293$1,053$429
19 years$2,177$1,781$1,447$1,168$938$359
20 years$2,046$1,655$1,328$1,058$838$301
21 years$1,928$1,541$1,221$960$750$253
22 years$1,821$1,439$1,125$873$672$213
23 years$1,723$1,346$1,039$795$604$179
24 years$1,634$1,261$961$725$542$151
25 years$1,552$1,183$890$662$488$127
26 years$1,476$1,112$826$606$440$107
27 years$1,407$1,046$767$554$396$90
28 years$1,342$986$713$508$358$76
29 years$1,282$930$663$466$323$64
30 years$1,225$878$618$427$292$54
31 years$1,173$830$576$393$264$46
32 years$1,124$786$537$361$239$39
33 years$1,078$744$502$332$216$33
34 years$1,035$705$469$305$196$27
35 years$994$669$438$281$177$23
36 years$956$635$410$259$160$20
37 years$920$603$384$238$145$17
38 years$886$573$359$220$132$14
39 years$854$545$337$203$120$12
40 years$823$518$316$187$108$10
41 years$794$494$296$172$98$8
42 years$766$470$278$159$89$7
43 years$740$448$260$147$81$6
44 years$715$427$244$136$74$5
45 years$691$407$230$125$67$4
46 years$669$388$216$116$61$4
47 years$647$371$203$107$55$3
48 years$626$354$190$99$50$3
49 years$607$338$179$91$45$2
50 years$588$323$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $602,000, adding $2,799 every year, while hoping to spend $27,638 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: 32/47/21 Blend
49$602,000$602,000$602,000$602,000
50$666,291$634,385$625,054$683,209
51$704,846$636,063$616,587$697,820
52$746,408$636,898$606,910$710,845
53$791,253$636,817$595,953$724,302
54$839,687$635,747$583,643$738,244
55$892,044$633,608$569,904$752,735
56$948,693$630,316$554,657$767,845
57$1,010,039$625,780$537,817$783,655
58$1,076,526$619,907$519,297$800,255
59$1,148,644$612,595$499,006$817,750
60$1,226,931$603,737$476,848$836,256
61$1,311,979$593,221$452,723$855,903
62$1,404,438$580,926$426,527$876,840
63$1,505,025$566,726$398,150$899,233
64$1,614,529$550,486$367,479$923,269
65$1,733,815$532,064$334,393$949,158
66$1,863,838$511,310$298,770$977,135
67$2,005,649$488,063$260,478$1,007,464
68$2,160,403$462,156$219,382$1,040,439
69$2,329,373$433,410$175,340$1,076,392
70$2,513,959$401,637$128,203$1,115,690
71$2,715,702$366,637$77,818$1,158,746
72$2,936,301$328,200$24,022$1,206,020
73$3,177,625$286,103$0$1,258,024
74$3,441,731$240,110$0$1,322,812
75$3,730,885$189,973$0$1,399,768
76$4,047,583$135,429$0$1,484,256
77$4,394,573$76,202$0$1,577,107
78$4,774,881$11,997$0$1,679,244
79$5,191,841$0$0$1,791,690
80$5,649,123$0$0$1,945,312
81$6,150,770$0$0$2,120,739
82$6,701,237$0$0$2,313,335
83$7,305,429$0$0$2,524,829
84$7,968,750$0$0$2,757,124
85$8,697,152$0$0$3,012,319
86$9,497,191$0$0$3,292,724
87$10,376,092$0$0$3,600,884
88$11,341,812$0$0$3,939,604
89$12,403,116$0$0$4,311,973
90$13,569,664$0$0$4,721,396
91$14,852,095$0$0$5,171,622
92$16,262,131$0$0$5,666,784
93$17,812,687$0$0$6,211,433
94$19,517,992$0$0$6,810,586
95$21,393,722$0$0$7,469,768
96$23,457,152$0$0$8,195,069
97$25,727,312$0$0$8,993,197
98$28,225,170$0$0$9,871,544
99$30,973,830$0$0$10,838,256
100$33,998,748$0$0$11,902,306