Can I retire at age 50 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$49,878$49,433$49,000$48,577$48,164$46,622
2 years$24,692$24,232$23,786$23,354$22,935$21,396
3 years$16,298$15,836$15,391$14,963$14,551$13,063
4 years$12,102$11,641$11,201$10,780$10,378$8,952
5 years$9,584$9,127$8,692$8,280$7,889$6,530
6 years$7,907$7,453$7,025$6,622$6,242$4,950
7 years$6,709$6,259$5,838$5,444$5,077$3,852
8 years$5,811$5,365$4,951$4,567$4,212$3,053
9 years$5,113$4,671$4,264$3,890$3,547$2,453
10 years$4,555$4,117$3,718$3,353$3,022$1,992
11 years$4,099$3,665$3,273$2,918$2,599$1,630
12 years$3,719$3,290$2,905$2,560$2,252$1,343
13 years$3,398$2,973$2,595$2,260$1,964$1,112
14 years$3,122$2,702$2,332$2,006$1,722$924
15 years$2,884$2,469$2,105$1,789$1,516$771
16 years$2,676$2,265$1,909$1,602$1,340$645
17 years$2,492$2,086$1,737$1,439$1,188$541
18 years$2,329$1,928$1,585$1,297$1,056$454
19 years$2,184$1,786$1,451$1,172$941$382
20 years$2,053$1,660$1,332$1,062$841$322
21 years$1,934$1,546$1,225$963$753$271
22 years$1,827$1,443$1,129$876$675$229
23 years$1,729$1,350$1,043$798$606$193
24 years$1,640$1,265$964$728$544$164
25 years$1,557$1,187$893$664$490$138
26 years$1,481$1,116$828$608$441$117
27 years$1,411$1,050$769$556$398$99
28 years$1,346$989$715$510$359$84
29 years$1,286$933$665$467$324$71
30 years$1,229$881$620$429$293$60
31 years$1,177$833$578$394$265$51
32 years$1,128$788$539$362$239$43
33 years$1,082$747$503$333$217$37
34 years$1,038$708$470$306$196$31
35 years$998$671$440$282$178$26
36 years$959$637$411$260$161$22
37 years$923$605$385$239$146$19
38 years$889$575$361$220$132$16
39 years$856$547$338$203$120$14
40 years$826$520$317$188$109$12
41 years$797$495$297$173$99$10
42 years$769$472$278$160$90$8
43 years$743$449$261$147$81$7
44 years$718$428$245$136$74$6
45 years$694$408$230$126$67$5
46 years$671$390$216$116$61$4
47 years$649$372$203$107$55$4
48 years$629$355$191$99$50$3
49 years$609$339$180$92$46$3
50 years$590$324$169$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $604,000, adding $2,356 every year, while hoping to spend $21,199 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: 61/10/29 Blend
49$604,000$604,000$604,000$604,000
50$668,038$636,026$626,664$703,422
51$713,623$644,636$625,102$736,419
52$763,146$652,957$622,777$769,940
53$816,988$660,953$619,641$806,089
54$875,566$668,585$615,644$845,127
55$939,339$675,811$610,733$887,343
56$1,008,812$682,586$604,854$933,055
57$1,084,542$688,864$597,948$982,614
58$1,167,141$694,594$589,954$1,036,410
59$1,257,282$699,722$580,810$1,094,870
60$1,355,707$704,190$570,450$1,158,466
61$1,463,232$707,939$558,803$1,227,721
62$1,580,756$710,902$545,797$1,303,210
63$1,709,268$713,010$531,355$1,385,568
64$1,849,857$714,192$515,400$1,475,496
65$2,003,722$714,368$497,846$1,573,767
66$2,172,186$713,455$478,607$1,681,234
67$2,356,701$711,367$457,593$1,798,838
68$2,558,870$708,009$434,708$1,927,618
69$2,780,456$703,283$409,852$2,068,720
70$3,023,402$697,084$382,922$2,223,407
71$3,289,848$689,300$353,809$2,393,074
72$3,582,151$679,813$322,399$2,579,258
73$3,902,905$668,499$288,575$2,783,655
74$4,254,971$655,225$252,211$3,008,138
75$4,641,498$639,851$213,180$3,254,769
76$5,065,954$622,227$171,345$3,525,825
77$5,532,163$602,198$126,566$3,823,816
78$6,044,333$579,595$78,696$4,151,511
79$6,607,103$554,244$27,581$4,511,963
80$7,225,583$525,957$0$4,908,540
81$7,905,401$494,537$0$5,353,299
82$8,652,759$459,776$0$5,851,640
83$9,474,489$421,454$0$6,399,589
84$10,378,119$379,337$0$7,002,182
85$11,371,942$333,180$0$7,664,967
86$12,465,095$282,721$0$8,394,059
87$13,667,646$227,686$0$9,196,196
88$14,990,688$167,784$0$10,078,803
89$16,446,441$102,709$0$11,050,065
90$18,048,373$32,136$0$12,118,997
91$19,811,320$0$0$13,295,539
92$21,751,631$0$0$14,595,513
93$23,887,319$0$0$16,030,335
94$26,238,234$0$0$17,609,811
95$28,826,246$0$0$19,348,640
96$31,675,455$0$0$21,263,024
97$34,812,414$0$0$23,370,810
98$38,266,384$0$0$25,691,668
99$42,069,606$0$0$28,247,269
100$46,257,609$0$0$31,061,497