Can I retire at age 50 with 607,000?

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 $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%19.7%
1 years$50,125$49,679$49,243$48,818$48,403$46,519
2 years$24,815$24,352$23,905$23,470$23,049$21,174
3 years$16,379$15,915$15,468$15,038$14,623$12,816
4 years$12,162$11,699$11,257$10,834$10,429$8,704
5 years$9,632$9,172$8,736$8,321$7,928$6,288
6 years$7,946$7,490$7,060$6,655$6,273$4,720
7 years$6,742$6,290$5,867$5,471$5,102$3,635
8 years$5,840$5,392$4,975$4,590$4,233$2,851
9 years$5,139$4,694$4,285$3,909$3,564$2,266
10 years$4,578$4,138$3,736$3,370$3,037$1,819
11 years$4,119$3,684$3,289$2,933$2,612$1,471
12 years$3,737$3,306$2,919$2,572$2,263$1,198
13 years$3,414$2,988$2,608$2,271$1,974$979
14 years$3,138$2,716$2,343$2,016$1,730$804
15 years$2,899$2,481$2,116$1,798$1,523$662
16 years$2,689$2,276$1,918$1,610$1,346$547
17 years$2,505$2,096$1,745$1,446$1,194$452
18 years$2,341$1,937$1,593$1,304$1,061$375
19 years$2,195$1,795$1,459$1,178$946$311
20 years$2,063$1,668$1,339$1,067$845$258
21 years$1,944$1,554$1,231$968$756$215
22 years$1,836$1,451$1,135$880$678$179
23 years$1,738$1,357$1,048$802$609$149
24 years$1,648$1,271$969$731$547$124
25 years$1,565$1,193$898$668$492$103
26 years$1,489$1,121$832$611$443$86
27 years$1,418$1,055$773$559$400$72
28 years$1,353$994$719$512$361$60
29 years$1,292$938$669$470$326$50
30 years$1,236$886$623$431$294$42
31 years$1,183$837$581$396$266$35
32 years$1,133$792$542$364$241$29
33 years$1,087$750$506$334$218$24
34 years$1,044$711$473$308$197$20
35 years$1,003$675$442$283$179$17
36 years$964$640$413$261$162$14
37 years$928$608$387$240$147$12
38 years$893$578$362$222$133$10
39 years$861$549$339$204$121$8
40 years$830$523$318$188$109$7
41 years$801$498$298$174$99$6
42 years$773$474$280$160$90$5
43 years$746$452$263$148$82$4
44 years$721$430$247$137$74$3
45 years$697$410$231$126$67$3
46 years$674$392$217$117$61$2
47 years$653$374$204$108$56$2
48 years$632$357$192$100$50$2
49 years$612$341$180$92$46$1
50 years$593$325$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $607,000, adding $3,224 every year, while hoping to spend $38,741 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: 64/23/13 Blend
49$607,000$607,000$607,000$607,000
50$672,240$640,069$630,660$713,010
51$699,588$630,212$610,567$730,824
52$728,427$618,574$588,502$745,497
53$758,869$605,026$564,359$760,563
54$791,034$589,433$538,026$776,060
55$825,055$571,650$509,385$792,031
56$861,076$551,527$478,315$808,525
57$899,256$528,901$444,688$825,598
58$939,765$503,603$408,371$843,312
59$982,793$475,451$369,223$861,738
60$1,028,546$444,256$327,100$880,955
61$1,077,249$409,817$281,850$901,054
62$1,129,150$371,919$233,313$922,137
63$1,184,518$330,337$181,323$944,317
64$1,243,649$284,835$125,709$967,724
65$1,306,869$235,159$66,287$992,500
66$1,374,533$181,045$2,871$1,018,807
67$1,447,031$122,212$0$1,046,828
68$1,524,791$58,363$0$1,085,753
69$1,608,283$0$0$1,127,830
70$1,698,021$0$0$1,175,681
71$1,794,573$0$0$1,243,087
72$1,898,558$0$0$1,315,714
73$2,010,659$0$0$1,394,043
74$2,131,626$0$0$1,478,601
75$2,262,282$0$0$1,569,969
76$2,403,531$0$0$1,668,784
77$2,556,368$0$0$1,775,746
78$2,721,887$0$0$1,891,626
79$2,901,289$0$0$2,017,270
80$3,095,895$0$0$2,153,610
81$3,307,159$0$0$2,301,670
82$3,536,681$0$0$2,462,577
83$3,786,217$0$0$2,637,569
84$4,057,703$0$0$2,828,010
85$4,353,267$0$0$3,035,401
86$4,675,252$0$0$3,261,392
87$5,026,235$0$0$3,507,800
88$5,409,052$0$0$3,776,624
89$5,826,826$0$0$4,070,066
90$6,282,994$0$0$4,390,549
91$6,781,338$0$0$4,740,738
92$7,326,024$0$0$5,123,572
93$7,921,638$0$0$5,542,281
94$8,573,227$0$0$6,000,426
95$9,286,351$0$0$6,501,926
96$10,067,132$0$0$7,051,097
97$10,922,309$0$0$7,652,692
98$11,859,307$0$0$8,311,944
99$12,886,301$0$0$9,034,618
100$14,012,295$0$0$9,827,064