Can I retire at age 50 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$49,960$49,515$49,081$48,657$48,244$47,562
2 years$24,733$24,272$23,826$23,393$22,973$22,288
3 years$16,325$15,862$15,417$14,988$14,575$13,907
4 years$12,122$11,660$11,220$10,798$10,395$9,750
5 years$9,600$9,142$8,707$8,294$7,902$7,281
6 years$7,920$7,465$7,036$6,633$6,253$5,657
7 years$6,720$6,269$5,847$5,453$5,085$4,515
8 years$5,821$5,374$4,959$4,575$4,219$3,674
9 years$5,122$4,679$4,271$3,896$3,553$3,033
10 years$4,563$4,124$3,724$3,359$3,027$2,532
11 years$4,106$3,672$3,278$2,923$2,603$2,133
12 years$3,725$3,295$2,909$2,564$2,256$1,809
13 years$3,403$2,978$2,599$2,264$1,967$1,544
14 years$3,128$2,707$2,336$2,009$1,725$1,324
15 years$2,889$2,473$2,109$1,792$1,518$1,139
16 years$2,680$2,269$1,912$1,605$1,342$984
17 years$2,497$2,089$1,740$1,442$1,190$852
18 years$2,333$1,931$1,588$1,299$1,058$740
19 years$2,187$1,789$1,454$1,174$943$643
20 years$2,056$1,663$1,334$1,063$842$561
21 years$1,938$1,549$1,227$965$754$489
22 years$1,830$1,446$1,131$877$676$428
23 years$1,732$1,352$1,044$799$607$374
24 years$1,642$1,267$966$729$545$328
25 years$1,560$1,189$895$666$491$287
26 years$1,484$1,117$830$609$442$252
27 years$1,414$1,052$770$557$398$221
28 years$1,348$991$716$510$359$194
29 years$1,288$935$667$468$325$171
30 years$1,232$883$621$430$293$150
31 years$1,179$835$579$394$265$132
32 years$1,130$790$540$363$240$116
33 years$1,083$748$504$333$217$102
34 years$1,040$709$471$307$197$90
35 years$999$672$440$282$178$79
36 years$961$638$412$260$161$70
37 years$925$606$386$240$146$61
38 years$890$576$361$221$133$54
39 years$858$548$338$204$120$48
40 years$827$521$317$188$109$42
41 years$798$496$297$173$99$37
42 years$770$472$279$160$90$33
43 years$744$450$262$148$81$29
44 years$719$429$246$136$74$25
45 years$695$409$231$126$67$22
46 years$672$390$217$116$61$20
47 years$650$372$204$107$55$17
48 years$630$356$191$99$50$15
49 years$610$340$180$92$46$13
50 years$591$324$169$85$41$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $605,000, adding $3,607 every year, while hoping to spend $37,912 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: 33/48/19 Blend
49$605,000$605,000$605,000$605,000
50$670,431$638,366$628,988$688,513
51$698,476$629,307$609,721$693,168
52$728,112$618,535$588,538$694,442
53$759,460$605,924$565,335$695,019
54$792,654$591,343$540,002$694,860
55$827,839$574,652$512,426$693,925
56$865,174$555,706$482,488$692,175
57$904,834$534,347$450,063$689,571
58$947,008$510,412$415,022$686,072
59$991,905$483,724$377,228$681,641
60$1,039,754$454,101$336,539$676,239
61$1,090,803$421,346$292,807$669,830
62$1,145,326$385,254$245,878$662,380
63$1,203,624$345,606$195,589$653,855
64$1,266,025$302,171$141,772$644,227
65$1,332,888$254,707$84,251$633,469
66$1,404,611$202,955$22,841$621,559
67$1,481,625$146,644$0$608,482
68$1,564,408$85,487$0$602,880
69$1,653,482$19,181$0$601,600
70$1,749,422$0$0$600,054
71$1,852,856$0$0$626,080
72$1,964,478$0$0$665,169
73$2,085,048$0$0$707,465
74$2,215,403$0$0$753,270
75$2,356,460$0$0$802,916
76$2,509,231$0$0$856,771
77$2,674,825$0$0$915,235
78$2,854,464$0$0$978,752
79$3,049,491$0$0$1,047,807
80$3,261,382$0$0$1,122,937
81$3,491,762$0$0$1,204,729
82$3,742,420$0$0$1,293,833
83$4,015,321$0$0$1,390,962
84$4,312,630$0$0$1,496,900
85$4,636,729$0$0$1,612,512
86$4,990,239$0$0$1,738,748
87$5,376,044$0$0$1,876,656
88$5,797,321$0$0$2,027,388
89$6,257,565$0$0$2,192,213
90$6,760,624$0$0$2,372,528
91$7,310,737$0$0$2,569,871
92$7,912,567$0$0$2,785,937
93$8,571,253$0$0$3,022,591
94$9,292,450$0$0$3,281,887
95$10,082,387$0$0$3,566,088
96$10,947,925$0$0$3,877,684
97$11,896,617$0$0$4,219,421
98$12,936,783$0$0$4,594,320
99$14,077,589$0$0$5,005,712
100$15,329,125$0$0$5,457,263