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%17.8%
1 years$49,795$49,352$48,919$48,497$48,084$46,564
2 years$24,651$24,192$23,747$23,316$22,897$21,379
3 years$16,271$15,810$15,366$14,939$14,527$13,059
4 years$12,081$11,622$11,182$10,762$10,361$8,954
5 years$9,569$9,112$8,678$8,267$7,876$6,534
6 years$7,894$7,440$7,013$6,611$6,232$4,956
7 years$6,698$6,248$5,828$5,435$5,068$3,859
8 years$5,802$5,356$4,943$4,559$4,205$3,060
9 years$5,105$4,663$4,257$3,884$3,541$2,461
10 years$4,548$4,111$3,711$3,348$3,017$1,999
11 years$4,092$3,659$3,267$2,913$2,595$1,637
12 years$3,713$3,284$2,900$2,556$2,249$1,350
13 years$3,392$2,968$2,591$2,256$1,961$1,118
14 years$3,117$2,698$2,328$2,003$1,719$930
15 years$2,879$2,465$2,102$1,786$1,513$777
16 years$2,672$2,261$1,905$1,599$1,338$650
17 years$2,488$2,083$1,734$1,437$1,186$545
18 years$2,326$1,924$1,583$1,295$1,054$458
19 years$2,180$1,783$1,449$1,170$940$386
20 years$2,049$1,657$1,330$1,060$840$325
21 years$1,931$1,544$1,223$962$751$275
22 years$1,824$1,441$1,127$874$673$232
23 years$1,726$1,348$1,041$796$605$196
24 years$1,637$1,263$963$726$543$166
25 years$1,555$1,185$892$663$489$140
26 years$1,479$1,114$827$607$440$119
27 years$1,409$1,048$768$555$397$101
28 years$1,344$988$714$509$358$85
29 years$1,284$932$664$466$324$72
30 years$1,227$880$619$428$292$61
31 years$1,175$832$577$393$264$52
32 years$1,126$787$538$361$239$44
33 years$1,080$745$503$332$216$37
34 years$1,037$706$470$306$196$32
35 years$996$670$439$281$177$27
36 years$958$636$411$259$161$23
37 years$922$604$384$239$146$19
38 years$887$574$360$220$132$16
39 years$855$546$337$203$120$14
40 years$824$519$316$187$109$12
41 years$795$494$296$173$99$10
42 years$768$471$278$159$89$9
43 years$741$449$261$147$81$7
44 years$716$428$245$136$74$6
45 years$693$408$230$125$67$5
46 years$670$389$216$116$61$4
47 years$648$371$203$107$55$4
48 years$628$354$191$99$50$3
49 years$608$338$179$91$45$3
50 years$589$323$168$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $603,000, adding $5,542 every year, while hoping to spend $39,933 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: 68/20/12 Blend
49$603,000$603,000$603,000$603,000
50$670,223$638,264$628,917$713,668
51$696,097$627,050$607,497$732,058
52$723,272$613,949$584,022$746,873
53$751,838$598,825$558,379$762,042
54$781,895$581,536$530,454$777,592
55$813,548$561,931$500,123$793,559
56$846,914$539,850$467,262$809,981
57$882,121$515,125$431,737$826,900
58$919,307$487,575$393,410$844,367
59$958,623$457,013$352,136$862,436
60$1,000,234$423,238$307,764$881,172
61$1,044,320$386,039$260,136$900,644
62$1,091,077$345,192$209,088$920,933
63$1,140,722$300,461$154,447$942,130
64$1,193,488$251,596$96,033$964,336
65$1,249,634$198,334$33,660$987,666
66$1,309,440$140,396$0$1,012,248
67$1,373,215$77,488$0$1,042,439
68$1,441,297$9,299$0$1,079,061
69$1,514,056$0$0$1,118,009
70$1,591,897$0$0$1,173,707
71$1,675,266$0$0$1,235,575
72$1,764,649$0$0$1,301,932
73$1,860,582$0$0$1,373,177
74$1,963,653$0$0$1,449,750
75$2,074,506$0$0$1,532,134
76$2,193,848$0$0$1,620,858
77$2,322,457$0$0$1,716,505
78$2,461,186$0$0$1,819,711
79$2,610,974$0$0$1,931,181
80$2,772,851$0$0$2,051,686
81$2,947,949$0$0$2,182,073
82$3,137,513$0$0$2,323,274
83$3,342,913$0$0$2,476,315
84$3,565,653$0$0$2,642,323
85$3,807,387$0$0$2,822,535
86$4,069,937$0$0$3,018,317
87$4,355,304$0$0$3,231,166
88$4,665,691$0$0$3,462,733
89$5,003,521$0$0$3,714,832
90$5,371,460$0$0$3,989,461
91$5,772,443$0$0$4,288,818
92$6,209,699$0$0$4,615,320
93$6,686,781$0$0$4,971,630
94$7,207,602$0$0$5,360,678
95$7,776,468$0$0$5,785,691
96$8,398,120$0$0$6,250,219
97$9,077,777$0$0$6,758,171
98$9,821,184$0$0$7,313,854
99$10,634,669$0$0$7,922,006
100$11,525,200$0$0$8,587,848