Can I retire at age 50 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$50,043$49,597$49,162$48,738$48,323$46,739
2 years$24,774$24,312$23,865$23,432$23,011$21,430
3 years$16,352$15,888$15,442$15,013$14,599$13,071
4 years$12,142$11,680$11,238$10,816$10,412$8,949
5 years$9,616$9,157$8,721$8,308$7,915$6,520
6 years$7,933$7,477$7,048$6,644$6,263$4,938
7 years$6,731$6,279$5,857$5,462$5,094$3,838
8 years$5,830$5,383$4,967$4,582$4,226$3,038
9 years$5,130$4,687$4,278$3,903$3,559$2,438
10 years$4,570$4,131$3,730$3,364$3,032$1,977
11 years$4,112$3,678$3,284$2,928$2,608$1,616
12 years$3,731$3,301$2,914$2,568$2,260$1,330
13 years$3,409$2,983$2,604$2,267$1,971$1,099
14 years$3,133$2,711$2,339$2,013$1,727$913
15 years$2,894$2,477$2,112$1,795$1,521$760
16 years$2,685$2,273$1,915$1,607$1,344$635
17 years$2,501$2,093$1,743$1,444$1,192$532
18 years$2,337$1,934$1,591$1,301$1,060$446
19 years$2,191$1,792$1,456$1,176$945$374
20 years$2,060$1,666$1,336$1,065$844$315
21 years$1,941$1,551$1,229$967$755$265
22 years$1,833$1,448$1,133$879$677$223
23 years$1,735$1,354$1,046$800$608$188
24 years$1,645$1,269$967$730$546$159
25 years$1,562$1,191$896$667$491$134
26 years$1,486$1,119$831$610$443$113
27 years$1,416$1,053$772$558$399$96
28 years$1,351$993$717$511$360$81
29 years$1,290$936$668$469$325$68
30 years$1,234$884$622$430$294$58
31 years$1,181$836$580$395$266$49
32 years$1,132$791$541$363$240$41
33 years$1,085$749$505$334$217$35
34 years$1,042$710$472$307$197$30
35 years$1,001$673$441$283$178$25
36 years$962$639$413$260$162$21
37 years$926$607$386$240$146$18
38 years$892$577$362$221$133$15
39 years$859$549$339$204$120$13
40 years$828$522$318$188$109$11
41 years$799$497$298$174$99$9
42 years$772$473$279$160$90$8
43 years$745$451$262$148$82$7
44 years$720$430$246$137$74$6
45 years$696$410$231$126$67$5
46 years$673$391$217$116$61$4
47 years$651$373$204$108$55$3
48 years$631$356$192$99$50$3
49 years$611$340$180$92$46$2
50 years$592$325$169$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $606,000, adding $2,957 every year, while hoping to spend $26,347 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: 66/9/25 Blend
49$606,000$606,000$606,000$606,000
50$670,862$638,744$629,351$710,600
51$711,257$642,010$622,401$740,982
52$754,889$644,552$614,336$770,944
53$802,061$646,308$605,089$803,102
54$853,105$647,211$594,593$837,676
55$908,386$647,189$582,776$874,905
56$968,306$646,166$569,564$915,056
57$1,033,307$644,061$554,878$958,422
58$1,103,874$640,790$538,637$1,005,327
59$1,180,542$636,262$520,754$1,056,129
60$1,263,898$630,380$501,140$1,111,223
61$1,354,590$623,042$479,702$1,171,047
62$1,453,328$614,141$456,342$1,236,081
63$1,560,894$603,561$430,957$1,306,858
64$1,678,152$591,182$403,440$1,383,967
65$1,806,048$576,875$373,680$1,468,054
66$1,945,627$560,503$341,560$1,559,837
67$2,098,036$541,923$306,958$1,660,105
68$2,264,541$520,983$269,746$1,769,732
69$2,446,534$497,520$229,791$1,889,680
70$2,645,546$471,364$186,955$2,021,013
71$2,863,266$442,335$141,092$2,164,901
72$3,101,551$410,242$92,051$2,322,642
73$3,362,447$374,882$39,673$2,495,661
74$3,648,208$336,042$0$2,685,536
75$3,961,315$293,498$0$2,898,333
76$4,304,499$247,009$0$3,143,217
77$4,680,771$196,326$0$3,411,761
78$5,093,445$141,181$0$3,706,348
79$5,546,171$81,294$0$4,029,607
80$6,042,972$16,368$0$4,384,435
81$6,588,275$0$0$4,774,023
82$7,186,960$0$0$5,207,227
83$7,844,402$0$0$5,684,768
84$8,566,520$0$0$6,209,329
85$9,359,837$0$0$6,785,655
86$10,231,537$0$0$7,418,969
87$11,189,537$0$0$8,115,028
88$12,242,555$0$0$8,880,174
89$13,400,200$0$0$9,721,393
90$14,673,054$0$0$10,646,383
91$16,072,780$0$0$11,663,625
92$17,612,225$0$0$12,782,461
93$19,305,544$0$0$14,013,187
94$21,168,332$0$0$15,367,145
95$23,217,775$0$0$16,856,831
96$25,472,804$0$0$18,496,017
97$27,954,280$0$0$20,299,872
98$30,685,190$0$0$22,285,114
99$33,690,859$0$0$24,470,163
100$36,999,193$0$0$26,875,314