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%12.6%
1 years$49,878$49,433$49,000$48,577$48,164$47,641
2 years$24,692$24,232$23,786$23,354$22,935$22,409
3 years$16,298$15,836$15,391$14,963$14,551$14,037
4 years$12,102$11,641$11,201$10,780$10,378$9,881
5 years$9,584$9,127$8,692$8,280$7,889$7,410
6 years$7,907$7,453$7,025$6,622$6,242$5,782
7 years$6,709$6,259$5,838$5,444$5,077$4,636
8 years$5,811$5,365$4,951$4,567$4,212$3,789
9 years$5,113$4,671$4,264$3,890$3,547$3,143
10 years$4,555$4,117$3,718$3,353$3,022$2,637
11 years$4,099$3,665$3,273$2,918$2,599$2,232
12 years$3,719$3,290$2,905$2,560$2,252$1,903
13 years$3,398$2,973$2,595$2,260$1,964$1,632
14 years$3,122$2,702$2,332$2,006$1,722$1,407
15 years$2,884$2,469$2,105$1,789$1,516$1,218
16 years$2,676$2,265$1,909$1,602$1,340$1,057
17 years$2,492$2,086$1,737$1,439$1,188$921
18 years$2,329$1,928$1,585$1,297$1,056$804
19 years$2,184$1,786$1,451$1,172$941$703
20 years$2,053$1,660$1,332$1,062$841$617
21 years$1,934$1,546$1,225$963$753$541
22 years$1,827$1,443$1,129$876$675$476
23 years$1,729$1,350$1,043$798$606$419
24 years$1,640$1,265$964$728$544$369
25 years$1,557$1,187$893$664$490$326
26 years$1,481$1,116$828$608$441$288
27 years$1,411$1,050$769$556$398$254
28 years$1,346$989$715$510$359$225
29 years$1,286$933$665$467$324$199
30 years$1,229$881$620$429$293$176
31 years$1,177$833$578$394$265$156
32 years$1,128$788$539$362$239$138
33 years$1,082$747$503$333$217$122
34 years$1,038$708$470$306$196$108
35 years$998$671$440$282$178$96
36 years$959$637$411$260$161$85
37 years$923$605$385$239$146$75
38 years$889$575$361$220$132$67
39 years$856$547$338$203$120$59
40 years$826$520$317$188$109$53
41 years$797$495$297$173$99$47
42 years$769$472$278$160$90$41
43 years$743$449$261$147$81$37
44 years$718$428$245$136$74$33
45 years$694$408$230$126$67$29
46 years$671$390$216$116$61$26
47 years$649$372$203$107$55$23
48 years$629$355$191$99$50$20
49 years$609$339$180$92$46$18
50 years$590$324$169$85$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $604,000, adding $6,739 every year, while hoping to spend $52,535 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: 59/18/23 Blend
49$604,000$604,000$604,000$604,000
50$672,559$640,547$631,185$707,735
51$685,263$616,037$596,433$707,927
52$697,503$588,566$558,756$701,877
53$709,174$557,931$518,001$694,133
54$720,163$523,923$474,006$684,542
55$730,340$486,315$426,606$672,939
56$739,561$444,872$375,624$659,143
57$747,668$399,342$320,879$642,961
58$754,480$349,459$262,178$624,181
59$759,799$294,945$199,324$602,573
60$763,405$235,503$132,107$577,889
61$765,050$170,821$60,310$549,857
62$764,462$100,569$0$518,185
63$761,338$24,397$0$486,556
64$755,340$0$0$466,676
65$746,096$0$0$454,911
66$733,190$0$0$445,569
67$716,164$0$0$433,518
68$694,510$0$0$418,428
69$667,664$0$0$399,929
70$635,002$0$0$377,617
71$595,835$0$0$351,041
72$549,399$0$0$319,703
73$494,849$0$0$283,055
74$431,252$0$0$240,486
75$357,574$0$0$191,326
76$272,674$0$0$134,829
77$175,292$0$0$70,176
78$64,033$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0