Can I retire at age 50 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$49,795$49,352$48,919$48,497$48,084$47,761
2 years$24,651$24,192$23,747$23,316$22,897$22,571
3 years$16,271$15,810$15,366$14,939$14,527$14,208
4 years$12,081$11,622$11,182$10,762$10,361$10,052
5 years$9,569$9,112$8,678$8,267$7,876$7,578
6 years$7,894$7,440$7,013$6,611$6,232$5,945
7 years$6,698$6,248$5,828$5,435$5,068$4,793
8 years$5,802$5,356$4,943$4,559$4,205$3,940
9 years$5,105$4,663$4,257$3,884$3,541$3,288
10 years$4,548$4,111$3,711$3,348$3,017$2,775
11 years$4,092$3,659$3,267$2,913$2,595$2,363
12 years$3,713$3,284$2,900$2,556$2,249$2,028
13 years$3,392$2,968$2,591$2,256$1,961$1,750
14 years$3,117$2,698$2,328$2,003$1,719$1,519
15 years$2,879$2,465$2,102$1,786$1,513$1,323
16 years$2,672$2,261$1,905$1,599$1,338$1,157
17 years$2,488$2,083$1,734$1,437$1,186$1,015
18 years$2,326$1,924$1,583$1,295$1,054$892
19 years$2,180$1,783$1,449$1,170$940$786
20 years$2,049$1,657$1,330$1,060$840$694
21 years$1,931$1,544$1,223$962$751$614
22 years$1,824$1,441$1,127$874$673$544
23 years$1,726$1,348$1,041$796$605$483
24 years$1,637$1,263$963$726$543$428
25 years$1,555$1,185$892$663$489$381
26 years$1,479$1,114$827$607$440$339
27 years$1,409$1,048$768$555$397$302
28 years$1,344$988$714$509$358$269
29 years$1,284$932$664$466$324$240
30 years$1,227$880$619$428$292$214
31 years$1,175$832$577$393$264$191
32 years$1,126$787$538$361$239$170
33 years$1,080$745$503$332$216$152
34 years$1,037$706$470$306$196$136
35 years$996$670$439$281$177$122
36 years$958$636$411$259$161$109
37 years$922$604$384$239$146$97
38 years$887$574$360$220$132$87
39 years$855$546$337$203$120$78
40 years$824$519$316$187$109$70
41 years$795$494$296$173$99$62
42 years$768$471$278$159$89$56
43 years$741$449$261$147$81$50
44 years$716$428$245$136$74$45
45 years$693$408$230$125$67$40
46 years$670$389$216$116$61$36
47 years$648$371$203$107$55$32
48 years$628$354$191$99$50$29
49 years$608$338$179$91$45$26
50 years$589$323$168$85$41$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $603,000, adding $4,583 every year, while hoping to spend $28,590 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: 39/38/23 Blend
49$603,000$603,000$603,000$603,000
50$669,233$637,274$627,928$690,603
51$707,076$638,081$618,544$707,281
52$747,820$637,969$607,887$722,277
53$791,731$636,864$595,885$737,921
54$839,102$634,684$582,462$754,288
55$890,253$631,347$567,537$771,463
56$945,537$626,761$551,027$789,542
57$1,005,340$620,831$532,846$808,633
58$1,070,090$613,456$512,901$828,857
59$1,140,253$604,530$491,097$850,349
60$1,216,345$593,938$467,335$873,263
61$1,298,932$581,560$441,510$897,768
62$1,388,636$567,269$413,514$924,055
63$1,486,141$550,931$383,231$952,339
64$1,592,202$532,401$350,544$982,858
65$1,707,648$511,529$315,328$1,015,878
66$1,833,389$488,156$277,453$1,051,697
67$1,970,431$462,111$236,783$1,090,646
68$2,119,876$433,216$193,178$1,133,095
69$2,282,942$401,282$146,487$1,179,457
70$2,460,966$366,109$96,558$1,230,189
71$2,655,421$327,484$43,229$1,285,804
72$2,867,928$285,186$0$1,346,867
73$3,100,274$238,976$0$1,417,369
74$3,354,423$188,607$0$1,506,194
75$3,632,539$133,815$0$1,603,546
76$3,937,007$74,320$0$1,710,338
77$4,270,449$9,829$0$1,827,580
78$4,635,756$0$0$1,956,391
79$5,036,111$0$0$2,123,083
80$5,475,019$0$0$2,310,415
81$5,956,340$0$0$2,515,934
82$6,484,326$0$0$2,741,466
83$7,063,660$0$0$2,989,024
84$7,699,502$0$0$3,260,821
85$8,397,532$0$0$3,559,301
86$9,164,011$0$0$3,887,150
87$10,005,834$0$0$4,247,330
88$10,930,597$0$0$4,643,106
89$11,946,666$0$0$5,078,071
90$13,063,260$0$0$5,556,185
91$14,290,536$0$0$6,081,812
92$15,639,680$0$0$6,659,758
93$17,123,019$0$0$7,295,319
94$18,754,135$0$0$7,994,330
95$20,547,987$0$0$8,763,218
96$22,521,062$0$0$9,609,068
97$24,691,522$0$0$10,539,682
98$27,079,378$0$0$11,563,659
99$29,706,679$0$0$12,690,473
100$32,597,719$0$0$13,930,563