Can I retire at age 50 with 605,000?

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 $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%17.5%
1 years$49,960$49,515$49,081$48,657$48,244$46,774
2 years$24,733$24,272$23,826$23,393$22,973$21,505
3 years$16,325$15,862$15,417$14,988$14,575$13,155
4 years$12,122$11,660$11,220$10,798$10,395$9,033
5 years$9,600$9,142$8,707$8,294$7,902$6,603
6 years$7,920$7,465$7,036$6,633$6,253$5,017
7 years$6,720$6,269$5,847$5,453$5,085$3,912
8 years$5,821$5,374$4,959$4,575$4,219$3,108
9 years$5,122$4,679$4,271$3,896$3,553$2,504
10 years$4,563$4,124$3,724$3,359$3,027$2,038
11 years$4,106$3,672$3,278$2,923$2,603$1,673
12 years$3,725$3,295$2,909$2,564$2,256$1,381
13 years$3,403$2,978$2,599$2,264$1,967$1,147
14 years$3,128$2,707$2,336$2,009$1,725$956
15 years$2,889$2,473$2,109$1,792$1,518$800
16 years$2,680$2,269$1,912$1,605$1,342$671
17 years$2,497$2,089$1,740$1,442$1,190$564
18 years$2,333$1,931$1,588$1,299$1,058$475
19 years$2,187$1,789$1,454$1,174$943$401
20 years$2,056$1,663$1,334$1,063$842$339
21 years$1,938$1,549$1,227$965$754$287
22 years$1,830$1,446$1,131$877$676$243
23 years$1,732$1,352$1,044$799$607$206
24 years$1,642$1,267$966$729$545$174
25 years$1,560$1,189$895$666$491$148
26 years$1,484$1,117$830$609$442$126
27 years$1,414$1,052$770$557$398$107
28 years$1,348$991$716$510$359$91
29 years$1,288$935$667$468$325$77
30 years$1,232$883$621$430$293$65
31 years$1,179$835$579$394$265$56
32 years$1,130$790$540$363$240$47
33 years$1,083$748$504$333$217$40
34 years$1,040$709$471$307$197$34
35 years$999$672$440$282$178$29
36 years$961$638$412$260$161$25
37 years$925$606$386$240$146$21
38 years$890$576$361$221$133$18
39 years$858$548$338$204$120$15
40 years$827$521$317$188$109$13
41 years$798$496$297$173$99$11
42 years$770$472$279$160$90$9
43 years$744$450$262$148$81$8
44 years$719$429$246$136$74$7
45 years$695$409$231$126$67$6
46 years$672$390$217$116$61$5
47 years$650$372$204$107$55$4
48 years$630$356$191$99$50$4
49 years$610$340$180$92$46$3
50 years$591$324$169$85$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $605,000, adding $2,510 every year, while hoping to spend $36,100 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: 35/48/17 Blend
49$605,000$605,000$605,000$605,000
50$669,299$637,234$627,857$689,152
51$699,157$630,048$610,480$696,659
52$730,851$621,301$591,311$701,189
53$764,530$610,876$570,252$705,311
54$800,357$598,654$547,200$709,009
55$838,510$584,505$522,047$712,267
56$879,185$568,292$494,683$715,073
57$922,596$549,873$464,989$717,417
58$968,977$529,093$432,843$719,290
59$1,018,587$505,792$398,116$720,688
60$1,071,705$479,799$360,676$721,610
61$1,128,643$450,932$320,382$722,060
62$1,189,737$419,002$277,088$722,048
63$1,255,362$383,804$230,642$721,587
64$1,325,925$345,127$180,885$720,700
65$1,401,875$302,743$127,650$719,417
66$1,483,704$256,415$70,764$717,778
67$1,571,953$205,891$10,046$715,833
68$1,667,216$150,903$0$713,643
69$1,770,146$91,171$0$721,216
70$1,881,460$26,398$0$731,301
71$2,001,947$0$0$742,220
72$2,132,474$0$0$777,239
73$2,273,995$0$0$830,398
74$2,427,556$0$0$888,156
75$2,594,312$0$0$950,957
76$2,775,530$0$0$1,019,288
77$2,972,605$0$0$1,093,686
78$3,187,071$0$0$1,174,741
79$3,420,618$0$0$1,263,103
80$3,675,103$0$0$1,359,487
81$3,952,572$0$0$1,464,679
82$4,255,275$0$0$1,579,547
83$4,585,689$0$0$1,705,044
84$4,946,541$0$0$1,842,219
85$5,340,832$0$0$1,992,229
86$5,771,869$0$0$2,156,347
87$6,243,289$0$0$2,335,972
88$6,759,098$0$0$2,532,650
89$7,323,708$0$0$2,748,079
90$7,941,977$0$0$2,984,130
91$8,619,254$0$0$3,242,864
92$9,361,429$0$0$3,526,551
93$10,174,991$0$0$3,837,691
94$11,067,085$0$0$4,179,038
95$12,045,582$0$0$4,553,623
96$13,119,149$0$0$4,964,789
97$14,297,336$0$0$5,416,215
98$15,590,658$0$0$5,911,954
99$17,010,702$0$0$6,456,472
100$18,570,228$0$0$7,054,687