Can I retire at age 50 with 604,000?

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 $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%15.7%
1 years$49,878$49,433$49,000$48,577$48,164$47,038
2 years$24,692$24,232$23,786$23,354$22,935$21,807
3 years$16,298$15,836$15,391$14,963$14,551$13,456
4 years$12,102$11,641$11,201$10,780$10,378$9,325
5 years$9,584$9,127$8,692$8,280$7,889$6,880
6 years$7,907$7,453$7,025$6,622$6,242$5,279
7 years$6,709$6,259$5,838$5,444$5,077$4,159
8 years$5,811$5,365$4,951$4,567$4,212$3,340
9 years$5,113$4,671$4,264$3,890$3,547$2,720
10 years$4,555$4,117$3,718$3,353$3,022$2,239
11 years$4,099$3,665$3,273$2,918$2,599$1,859
12 years$3,719$3,290$2,905$2,560$2,252$1,553
13 years$3,398$2,973$2,595$2,260$1,964$1,305
14 years$3,122$2,702$2,332$2,006$1,722$1,102
15 years$2,884$2,469$2,105$1,789$1,516$933
16 years$2,676$2,265$1,909$1,602$1,340$793
17 years$2,492$2,086$1,737$1,439$1,188$676
18 years$2,329$1,928$1,585$1,297$1,056$577
19 years$2,184$1,786$1,451$1,172$941$493
20 years$2,053$1,660$1,332$1,062$841$423
21 years$1,934$1,546$1,225$963$753$362
22 years$1,827$1,443$1,129$876$675$311
23 years$1,729$1,350$1,043$798$606$267
24 years$1,640$1,265$964$728$544$230
25 years$1,557$1,187$893$664$490$198
26 years$1,481$1,116$828$608$441$170
27 years$1,411$1,050$769$556$398$147
28 years$1,346$989$715$510$359$127
29 years$1,286$933$665$467$324$109
30 years$1,229$881$620$429$293$94
31 years$1,177$833$578$394$265$81
32 years$1,128$788$539$362$239$70
33 years$1,082$747$503$333$217$61
34 years$1,038$708$470$306$196$52
35 years$998$671$440$282$178$45
36 years$959$637$411$260$161$39
37 years$923$605$385$239$146$34
38 years$889$575$361$220$132$29
39 years$856$547$338$203$120$25
40 years$826$520$317$188$109$22
41 years$797$495$297$173$99$19
42 years$769$472$278$160$90$16
43 years$743$449$261$147$81$14
44 years$718$428$245$136$74$12
45 years$694$408$230$126$67$10
46 years$671$390$216$116$61$9
47 years$649$372$203$107$55$8
48 years$629$355$191$99$50$7
49 years$609$339$180$92$46$6
50 years$590$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $604,000, adding $3,676 every year, while hoping to spend $26,249 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: 57/30/13 Blend
49$604,000$604,000$604,000$604,000
50$669,400$637,388$628,026$705,148
51$709,750$640,691$621,136$733,056
52$753,336$643,276$613,135$760,241
53$800,460$645,081$603,960$789,247
54$851,455$646,038$593,540$820,252
55$906,686$646,076$581,806$853,455
56$966,554$645,121$568,683$889,074
57$1,031,502$643,091$554,093$927,350
58$1,102,015$639,902$537,955$968,552
59$1,178,627$635,463$520,183$1,012,975
60$1,261,926$629,680$500,688$1,060,946
61$1,352,558$622,450$479,377$1,112,827
62$1,451,235$613,666$456,152$1,169,018
63$1,558,740$603,215$430,912$1,229,962
64$1,675,934$590,975$403,550$1,296,146
65$1,803,765$576,818$373,955$1,368,112
66$1,943,277$560,610$342,010$1,446,458
67$2,095,618$542,207$307,594$1,531,842
68$2,262,052$521,457$270,580$1,624,995
69$2,443,973$498,199$230,836$1,726,722
70$2,642,912$472,265$188,223$1,837,916
71$2,860,557$443,474$142,596$1,959,559
72$3,098,766$411,636$93,805$2,092,739
73$3,359,585$376,551$41,692$2,238,657
74$3,645,266$338,006$0$2,398,639
75$3,958,292$295,777$0$2,576,082
76$4,301,395$249,627$0$2,776,969
77$4,677,584$199,305$0$2,997,323
78$5,090,173$144,547$0$3,239,142
79$5,542,815$85,074$0$3,504,632
80$6,039,529$20,589$0$3,796,225
81$6,584,745$0$0$4,116,605
82$7,183,343$0$0$4,484,982
83$7,840,697$0$0$4,897,037
84$8,562,728$0$0$5,349,691
85$9,355,957$0$0$5,847,039
86$10,227,571$0$0$6,393,596
87$11,185,484$0$0$6,994,331
88$12,238,417$0$0$7,654,721
89$13,395,978$0$0$8,380,801
90$14,668,752$0$0$9,179,218
91$16,068,400$0$0$10,057,296
92$17,607,769$0$0$11,023,104
93$19,301,017$0$0$12,085,534
94$21,163,740$0$0$13,254,381
95$23,213,122$0$0$14,540,439
96$25,468,097$0$0$15,955,599
97$27,949,528$0$0$17,512,964
98$30,680,401$0$0$19,226,972
99$33,686,044$0$0$21,113,531
100$36,994,363$0$0$23,190,169