Can I retire at age 50 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$50,125$49,679$49,243$48,818$48,403$47,061
2 years$24,815$24,352$23,905$23,470$23,049$21,707
3 years$16,379$15,915$15,468$15,038$14,623$13,323
4 years$12,162$11,699$11,257$10,834$10,429$9,182
5 years$9,632$9,172$8,736$8,321$7,928$6,736
6 years$7,946$7,490$7,060$6,655$6,273$5,137
7 years$6,742$6,290$5,867$5,471$5,102$4,023
8 years$5,840$5,392$4,975$4,590$4,233$3,209
9 years$5,139$4,694$4,285$3,909$3,564$2,596
10 years$4,578$4,138$3,736$3,370$3,037$2,122
11 years$4,119$3,684$3,289$2,933$2,612$1,750
12 years$3,737$3,306$2,919$2,572$2,263$1,452
13 years$3,414$2,988$2,608$2,271$1,974$1,211
14 years$3,138$2,716$2,343$2,016$1,730$1,014
15 years$2,899$2,481$2,116$1,798$1,523$853
16 years$2,689$2,276$1,918$1,610$1,346$719
17 years$2,505$2,096$1,745$1,446$1,194$608
18 years$2,341$1,937$1,593$1,304$1,061$514
19 years$2,195$1,795$1,459$1,178$946$436
20 years$2,063$1,668$1,339$1,067$845$371
21 years$1,944$1,554$1,231$968$756$315
22 years$1,836$1,451$1,135$880$678$268
23 years$1,738$1,357$1,048$802$609$229
24 years$1,648$1,271$969$731$547$195
25 years$1,565$1,193$898$668$492$166
26 years$1,489$1,121$832$611$443$142
27 years$1,418$1,055$773$559$400$121
28 years$1,353$994$719$512$361$104
29 years$1,292$938$669$470$326$89
30 years$1,236$886$623$431$294$76
31 years$1,183$837$581$396$266$65
32 years$1,133$792$542$364$241$55
33 years$1,087$750$506$334$218$47
34 years$1,044$711$473$308$197$40
35 years$1,003$675$442$283$179$35
36 years$964$640$413$261$162$30
37 years$928$608$387$240$147$25
38 years$893$578$362$222$133$22
39 years$861$549$339$204$121$19
40 years$830$523$318$188$109$16
41 years$801$498$298$174$99$14
42 years$773$474$280$160$90$12
43 years$746$452$263$148$82$10
44 years$721$430$247$137$74$9
45 years$697$410$231$126$67$7
46 years$674$392$217$117$61$6
47 years$653$374$204$108$56$5
48 years$632$357$192$100$50$5
49 years$612$341$180$92$46$4
50 years$593$325$170$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $607,000, adding $4,382 every year, while hoping to spend $39,139 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: 32/41/27 Blend
49$607,000$607,000$607,000$607,000
50$673,434$641,263$631,855$689,317
51$700,481$631,041$611,378$691,597
52$728,974$619,007$588,904$690,278
53$759,021$605,030$564,324$688,087
54$790,737$588,972$537,524$684,973
55$824,249$570,688$508,388$680,886
56$859,693$550,023$476,790$675,771
57$897,221$526,813$442,601$669,578
58$936,997$500,886$405,688$662,250
59$979,200$472,059$365,908$653,735
60$1,024,027$440,138$323,114$643,976
61$1,071,691$404,919$277,152$632,919
62$1,122,429$366,185$227,862$620,508
63$1,176,497$323,709$175,076$606,690
64$1,234,177$277,248$118,618$591,411
65$1,295,777$226,547$58,305$574,619
66$1,361,635$171,336$0$556,264
67$1,432,122$111,332$0$538,045
68$1,507,644$46,232$0$536,210
69$1,588,646$0$0$533,966
70$1,675,619$0$0$542,293
71$1,769,098$0$0$573,727
72$1,869,672$0$0$607,614
73$1,977,990$0$0$644,183
74$2,094,760$0$0$683,680
75$2,220,764$0$0$726,381
76$2,356,858$0$0$772,586
77$2,503,987$0$0$822,626
78$2,663,184$0$0$876,863
79$2,835,589$0$0$935,698
80$3,022,453$0$0$999,570
81$3,225,152$0$0$1,068,963
82$3,445,201$0$0$1,144,407
83$3,684,264$0$0$1,226,490
84$3,944,173$0$0$1,315,853
85$4,226,941$0$0$1,413,205
86$4,534,787$0$0$1,519,326
87$4,870,149$0$0$1,635,074
88$5,235,711$0$0$1,761,392
89$5,634,429$0$0$1,899,321
90$6,069,552$0$0$2,050,003
91$6,544,662$0$0$2,214,699
92$7,063,696$0$0$2,394,796
93$7,630,994$0$0$2,591,819
94$8,251,331$0$0$2,807,450
95$8,929,964$0$0$3,043,541
96$9,672,684$0$0$3,302,130
97$10,485,864$0$0$3,585,461
98$11,376,525$0$0$3,896,007
99$12,352,399$0$0$4,236,491
100$13,421,999$0$0$4,609,912