Can I retire at age 50 with 606,000?

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 $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%14.5%
1 years$50,043$49,597$49,162$48,738$48,323$47,425
2 years$24,774$24,312$23,865$23,432$23,011$22,110
3 years$16,352$15,888$15,442$15,013$14,599$13,722
4 years$12,142$11,680$11,238$10,816$10,412$9,567
5 years$9,616$9,157$8,721$8,308$7,915$7,104
6 years$7,933$7,477$7,048$6,644$6,263$5,487
7 years$6,731$6,279$5,857$5,462$5,094$4,352
8 years$5,830$5,383$4,967$4,582$4,226$3,519
9 years$5,130$4,687$4,278$3,903$3,559$2,886
10 years$4,570$4,131$3,730$3,364$3,032$2,393
11 years$4,112$3,678$3,284$2,928$2,608$2,002
12 years$3,731$3,301$2,914$2,568$2,260$1,686
13 years$3,409$2,983$2,604$2,267$1,971$1,428
14 years$3,133$2,711$2,339$2,013$1,727$1,216
15 years$2,894$2,477$2,112$1,795$1,521$1,038
16 years$2,685$2,273$1,915$1,607$1,344$890
17 years$2,501$2,093$1,743$1,444$1,192$765
18 years$2,337$1,934$1,591$1,301$1,060$659
19 years$2,191$1,792$1,456$1,176$945$568
20 years$2,060$1,666$1,336$1,065$844$491
21 years$1,941$1,551$1,229$967$755$425
22 years$1,833$1,448$1,133$879$677$368
23 years$1,735$1,354$1,046$800$608$320
24 years$1,645$1,269$967$730$546$277
25 years$1,562$1,191$896$667$491$241
26 years$1,486$1,119$831$610$443$210
27 years$1,416$1,053$772$558$399$182
28 years$1,351$993$717$511$360$159
29 years$1,290$936$668$469$325$138
30 years$1,234$884$622$430$294$120
31 years$1,181$836$580$395$266$105
32 years$1,132$791$541$363$240$91
33 years$1,085$749$505$334$217$80
34 years$1,042$710$472$307$197$70
35 years$1,001$673$441$283$178$61
36 years$962$639$413$260$162$53
37 years$926$607$386$240$146$46
38 years$892$577$362$221$133$40
39 years$859$549$339$204$120$35
40 years$828$522$318$188$109$31
41 years$799$497$298$174$99$27
42 years$772$473$279$160$90$23
43 years$745$451$262$148$82$20
44 years$720$430$246$137$74$18
45 years$696$410$231$126$67$16
46 years$673$391$217$116$61$14
47 years$651$373$204$108$55$12
48 years$631$356$192$99$50$10
49 years$611$340$180$92$46$9
50 years$592$325$169$85$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $606,000, adding $2,977 every year, while hoping to spend $34,634 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: 65/27/8 Blend
49$606,000$606,000$606,000$606,000
50$670,883$638,765$629,372$713,255
51$702,463$633,214$613,605$736,281
52$736,103$626,230$596,150$757,052
53$771,977$617,707$576,913$778,843
54$810,275$607,531$555,796$801,749
55$851,205$595,583$532,697$825,878
56$894,997$581,735$507,511$851,350
57$941,899$565,853$480,126$878,295
58$992,188$547,794$450,425$906,861
59$1,046,163$527,409$418,286$937,211
60$1,104,157$504,537$383,584$969,527
61$1,166,531$479,009$346,184$1,004,010
62$1,233,685$450,648$305,949$1,040,882
63$1,306,055$419,265$262,733$1,080,394
64$1,384,123$384,659$216,385$1,122,819
65$1,468,417$346,621$166,747$1,168,464
66$1,559,517$304,927$113,655$1,217,668
67$1,658,061$259,341$56,935$1,270,806
68$1,764,750$209,615$0$1,328,295
69$1,880,354$155,486$0$1,390,906
70$2,005,721$96,676$0$1,464,049
71$2,141,784$32,892$0$1,543,443
72$2,289,566$0$0$1,629,737
73$2,450,195$0$0$1,734,392
74$2,624,913$0$0$1,858,890
75$2,815,082$0$0$1,994,436
76$3,022,205$0$0$2,142,106
77$3,247,935$0$0$2,303,080
78$3,494,089$0$0$2,478,663
79$3,762,669$0$0$2,670,286
80$4,055,877$0$0$2,879,526
81$4,376,140$0$0$3,108,121
82$4,726,126$0$0$3,357,981
83$5,108,775$0$0$3,631,211
84$5,527,322$0$0$3,930,128
85$5,985,331$0$0$4,257,284
86$6,486,725$0$0$4,615,487
87$7,035,824$0$0$5,007,832
88$7,637,386$0$0$5,437,725
89$8,296,651$0$0$5,908,918
90$9,019,388$0$0$6,425,545
91$9,811,954$0$0$6,992,156
92$10,681,347$0$0$7,613,764
93$11,635,279$0$0$8,295,891
94$12,682,242$0$0$9,044,619
95$13,831,590$0$0$9,866,647
96$15,093,629$0$0$10,769,356
97$16,479,708$0$0$11,760,875
98$18,002,333$0$0$12,850,160
99$19,675,279$0$0$14,047,077
100$21,513,722$0$0$15,362,494