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%13%
1 years$50,125$49,679$49,243$48,818$48,403$47,798
2 years$24,815$24,352$23,905$23,470$23,049$22,440
3 years$16,379$15,915$15,468$15,038$14,623$14,030
4 years$12,162$11,699$11,257$10,834$10,429$9,856
5 years$9,632$9,172$8,736$8,321$7,928$7,376
6 years$7,946$7,490$7,060$6,655$6,273$5,743
7 years$6,742$6,290$5,867$5,471$5,102$4,594
8 years$5,840$5,392$4,975$4,590$4,233$3,747
9 years$5,139$4,694$4,285$3,909$3,564$3,101
10 years$4,578$4,138$3,736$3,370$3,037$2,595
11 years$4,119$3,684$3,289$2,933$2,612$2,191
12 years$3,737$3,306$2,919$2,572$2,263$1,863
13 years$3,414$2,988$2,608$2,271$1,974$1,594
14 years$3,138$2,716$2,343$2,016$1,730$1,370
15 years$2,899$2,481$2,116$1,798$1,523$1,183
16 years$2,689$2,276$1,918$1,610$1,346$1,024
17 years$2,505$2,096$1,745$1,446$1,194$889
18 years$2,341$1,937$1,593$1,304$1,061$774
19 years$2,195$1,795$1,459$1,178$946$676
20 years$2,063$1,668$1,339$1,067$845$590
21 years$1,944$1,554$1,231$968$756$517
22 years$1,836$1,451$1,135$880$678$453
23 years$1,738$1,357$1,048$802$609$398
24 years$1,648$1,271$969$731$547$349
25 years$1,565$1,193$898$668$492$307
26 years$1,489$1,121$832$611$443$270
27 years$1,418$1,055$773$559$400$238
28 years$1,353$994$719$512$361$210
29 years$1,292$938$669$470$326$185
30 years$1,236$886$623$431$294$163
31 years$1,183$837$581$396$266$144
32 years$1,133$792$542$364$241$127
33 years$1,087$750$506$334$218$112
34 years$1,044$711$473$308$197$99
35 years$1,003$675$442$283$179$87
36 years$964$640$413$261$162$77
37 years$928$608$387$240$147$68
38 years$893$578$362$222$133$60
39 years$861$549$339$204$121$53
40 years$830$523$318$188$109$47
41 years$801$498$298$174$99$42
42 years$773$474$280$160$90$37
43 years$746$452$263$148$82$33
44 years$721$430$247$137$74$29
45 years$697$410$231$126$67$26
46 years$674$392$217$117$61$23
47 years$653$374$204$108$56$20
48 years$632$357$192$100$50$18
49 years$612$341$180$92$46$16
50 years$593$325$170$85$42$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $607,000, adding $5,533 every year, while hoping to spend $21,732 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: 59/35/6 Blend
49$607,000$607,000$607,000$607,000
50$674,621$642,450$633,042$713,303
51$720,310$650,808$631,126$748,246
52$769,931$658,846$628,418$783,349
53$823,861$666,527$624,867$821,074
54$882,518$673,810$620,423$861,670
55$946,358$680,650$615,031$905,418
56$1,015,885$687,000$608,633$952,624
57$1,091,653$692,812$601,170$1,003,625
58$1,174,273$698,030$592,580$1,058,796
59$1,264,415$702,600$582,798$1,118,547
60$1,362,817$706,459$571,754$1,183,333
61$1,470,294$709,545$559,377$1,253,654
62$1,587,740$711,789$545,592$1,330,063
63$1,716,142$713,119$530,322$1,413,170
64$1,856,583$713,457$513,482$1,503,646
65$2,010,260$712,721$494,989$1,602,233
66$2,178,487$710,825$474,752$1,709,749
67$2,362,713$707,676$452,677$1,827,096
68$2,564,535$703,177$428,666$1,955,270
69$2,785,708$697,223$402,617$2,095,369
70$3,028,167$689,704$374,422$2,248,604
71$3,294,045$680,504$343,969$2,416,310
72$3,585,688$669,499$311,143$2,599,962
73$3,905,681$656,558$275,819$2,801,184
74$4,256,872$641,541$237,871$3,021,770
75$4,642,399$624,303$197,165$3,263,696
76$5,065,716$604,686$153,563$3,529,144
77$5,530,630$582,526$106,918$3,820,519
78$6,041,334$557,650$57,079$4,140,474
79$6,602,447$529,871$3,888$4,491,934
80$7,219,058$498,996$0$4,878,128
81$7,896,772$464,818$0$5,305,997
82$8,641,767$427,118$0$5,776,568
83$9,460,846$385,665$0$6,293,931
84$10,361,506$340,217$0$6,862,870
85$11,352,006$290,514$0$7,488,660
86$12,441,447$236,285$0$8,177,119
87$13,639,854$177,243$0$8,934,659
88$14,958,275$113,083$0$9,768,352
89$16,408,879$43,484$0$10,685,992
90$18,005,078$0$0$11,696,176
91$19,761,648$0$0$12,820,661
92$21,694,870$0$0$14,076,722
93$23,822,683$0$0$15,459,275
94$26,164,853$0$0$16,981,169
95$28,743,160$0$0$18,656,567
96$31,581,604$0$0$20,501,069
97$34,706,628$0$0$22,531,868
98$38,147,372$0$0$24,767,910
99$41,935,942$0$0$27,230,068
100$46,107,719$0$0$29,941,345