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%18.8%
1 years$50,043$49,597$49,162$48,738$48,323$46,609
2 years$24,774$24,312$23,865$23,432$23,011$21,302
3 years$16,352$15,888$15,442$15,013$14,599$12,949
4 years$12,142$11,680$11,238$10,816$10,412$8,834
5 years$9,616$9,157$8,721$8,308$7,915$6,413
6 years$7,933$7,477$7,048$6,644$6,263$4,838
7 years$6,731$6,279$5,857$5,462$5,094$3,745
8 years$5,830$5,383$4,967$4,582$4,226$2,953
9 years$5,130$4,687$4,278$3,903$3,559$2,360
10 years$4,570$4,131$3,730$3,364$3,032$1,905
11 years$4,112$3,678$3,284$2,928$2,608$1,550
12 years$3,731$3,301$2,914$2,568$2,260$1,269
13 years$3,409$2,983$2,604$2,267$1,971$1,045
14 years$3,133$2,711$2,339$2,013$1,727$863
15 years$2,894$2,477$2,112$1,795$1,521$715
16 years$2,685$2,273$1,915$1,607$1,344$594
17 years$2,501$2,093$1,743$1,444$1,192$495
18 years$2,337$1,934$1,591$1,301$1,060$413
19 years$2,191$1,792$1,456$1,176$945$345
20 years$2,060$1,666$1,336$1,065$844$289
21 years$1,941$1,551$1,229$967$755$242
22 years$1,833$1,448$1,133$879$677$203
23 years$1,735$1,354$1,046$800$608$170
24 years$1,645$1,269$967$730$546$143
25 years$1,562$1,191$896$667$491$120
26 years$1,486$1,119$831$610$443$101
27 years$1,416$1,053$772$558$399$84
28 years$1,351$993$717$511$360$71
29 years$1,290$936$668$469$325$60
30 years$1,234$884$622$430$294$50
31 years$1,181$836$580$395$266$42
32 years$1,132$791$541$363$240$36
33 years$1,085$749$505$334$217$30
34 years$1,042$710$472$307$197$25
35 years$1,001$673$441$283$178$21
36 years$962$639$413$260$162$18
37 years$926$607$386$240$146$15
38 years$892$577$362$221$133$13
39 years$859$549$339$204$120$11
40 years$828$522$318$188$109$9
41 years$799$497$298$174$99$8
42 years$772$473$279$160$90$6
43 years$745$451$262$148$82$5
44 years$720$430$246$137$74$4
45 years$696$410$231$126$67$4
46 years$673$391$217$116$61$3
47 years$651$373$204$108$55$3
48 years$631$356$192$99$50$2
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 $4,938 every year, while hoping to spend $20,400 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: 58/20/22 Blend
49$606,000$606,000$606,000$606,000
50$672,906$640,788$631,395$707,703
51$719,836$650,481$630,841$741,653
52$770,871$659,965$629,585$776,028
53$826,405$669,209$627,581$813,061
54$886,876$678,178$624,784$853,013
55$952,766$686,837$621,142$896,173
56$1,024,601$695,145$616,603$942,857
57$1,102,966$703,063$611,115$993,419
58$1,188,500$710,545$604,619$1,048,245
59$1,281,909$717,544$597,056$1,107,762
60$1,383,970$724,009$588,363$1,172,442
61$1,495,537$729,888$578,476$1,242,805
62$1,617,552$735,122$567,324$1,319,426
63$1,751,050$739,651$554,838$1,402,937
64$1,897,173$743,410$540,941$1,494,038
65$2,057,178$746,330$525,555$1,593,499
66$2,232,447$748,337$508,599$1,702,170
67$2,424,505$749,354$489,985$1,820,991
68$2,635,031$749,298$469,625$1,950,995
69$2,865,871$748,081$447,425$2,093,324
70$3,119,062$745,610$423,286$2,249,238
71$3,396,846$741,784$397,106$2,420,125
72$3,701,693$736,500$368,778$2,607,518
73$4,036,323$729,646$338,189$2,813,107
74$4,403,732$721,103$305,222$3,038,756
75$4,807,222$710,746$269,756$3,286,520
76$5,250,428$698,442$231,663$3,558,667
77$5,737,357$684,051$190,809$3,857,698
78$6,272,421$667,423$147,055$4,186,370
79$6,860,482$648,401$100,255$4,547,724
80$7,506,896$626,818$50,259$4,945,114
81$8,217,564$602,496$0$5,382,239
82$8,998,986$575,249$0$5,863,905
83$9,858,325$544,878$0$6,406,518
84$10,803,472$511,175$0$7,003,268
85$11,843,121$473,918$0$7,659,666
86$12,986,852$432,872$0$8,381,786
87$14,245,218$387,791$0$9,176,320
88$15,629,851$338,412$0$10,050,646
89$17,153,561$284,461$0$11,012,896
90$18,830,468$225,643$0$12,072,033
91$20,676,128$161,652$0$13,237,934
92$22,707,682$92,161$0$14,521,485
93$24,944,015$16,827$0$15,934,686
94$27,405,939$0$0$17,490,762
95$30,116,385$0$0$19,218,531
96$33,100,620$0$0$21,124,969
97$36,386,486$0$0$23,224,167
98$40,004,663$0$0$25,535,734
99$43,988,957$0$0$28,081,276
100$48,376,619$0$0$30,884,601