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%19.5%
1 years$50,125$49,679$49,243$48,818$48,403$46,556
2 years$24,815$24,352$23,905$23,470$23,049$21,210
3 years$16,379$15,915$15,468$15,038$14,623$12,850
4 years$12,162$11,699$11,257$10,834$10,429$8,736
5 years$9,632$9,172$8,736$8,321$7,928$6,318
6 years$7,946$7,490$7,060$6,655$6,273$4,748
7 years$6,742$6,290$5,867$5,471$5,102$3,661
8 years$5,840$5,392$4,975$4,590$4,233$2,874
9 years$5,139$4,694$4,285$3,909$3,564$2,287
10 years$4,578$4,138$3,736$3,370$3,037$1,838
11 years$4,119$3,684$3,289$2,933$2,612$1,489
12 years$3,737$3,306$2,919$2,572$2,263$1,214
13 years$3,414$2,988$2,608$2,271$1,974$994
14 years$3,138$2,716$2,343$2,016$1,730$817
15 years$2,899$2,481$2,116$1,798$1,523$674
16 years$2,689$2,276$1,918$1,610$1,346$557
17 years$2,505$2,096$1,745$1,446$1,194$462
18 years$2,341$1,937$1,593$1,304$1,061$383
19 years$2,195$1,795$1,459$1,178$946$318
20 years$2,063$1,668$1,339$1,067$845$265
21 years$1,944$1,554$1,231$968$756$221
22 years$1,836$1,451$1,135$880$678$184
23 years$1,738$1,357$1,048$802$609$153
24 years$1,648$1,271$969$731$547$128
25 years$1,565$1,193$898$668$492$107
26 years$1,489$1,121$832$611$443$89
27 years$1,418$1,055$773$559$400$75
28 years$1,353$994$719$512$361$62
29 years$1,292$938$669$470$326$52
30 years$1,236$886$623$431$294$44
31 years$1,183$837$581$396$266$36
32 years$1,133$792$542$364$241$30
33 years$1,087$750$506$334$218$25
34 years$1,044$711$473$308$197$21
35 years$1,003$675$442$283$179$18
36 years$964$640$413$261$162$15
37 years$928$608$387$240$147$12
38 years$893$578$362$222$133$10
39 years$861$549$339$204$121$9
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$4
45 years$697$410$231$126$67$3
46 years$674$392$217$117$61$3
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 $5,625 every year, while hoping to spend $37,890 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: 71/13/16 Blend
49$607,000$607,000$607,000$607,000
50$674,716$642,545$633,137$719,743
51$703,223$633,715$614,032$741,564
52$733,367$623,183$593,018$760,345
53$765,276$610,824$569,989$779,928
54$799,088$596,509$544,838$800,386
55$834,956$580,098$517,451$821,800
56$873,044$561,446$487,708$844,261
57$913,535$540,397$455,487$867,867
58$956,625$516,787$420,656$892,732
59$1,002,534$490,442$383,080$918,978
60$1,051,497$461,179$342,619$946,744
61$1,103,776$428,803$299,123$976,181
62$1,159,656$393,109$252,438$1,007,461
63$1,219,449$353,879$202,403$1,040,771
64$1,283,499$310,885$148,849$1,076,322
65$1,352,181$263,884$91,601$1,114,344
66$1,425,909$212,619$30,474$1,155,096
67$1,505,134$156,820$0$1,198,863
68$1,590,355$96,202$0$1,251,898
69$1,682,116$30,461$0$1,314,554
70$1,781,018$0$0$1,382,050
71$1,887,719$0$0$1,460,679
72$2,002,942$0$0$1,550,318
73$2,127,482$0$0$1,647,230
74$2,262,212$0$0$1,752,099
75$2,408,094$0$0$1,865,676
76$2,566,182$0$0$1,988,786
77$2,737,638$0$0$2,122,336
78$2,923,738$0$0$2,267,326
79$3,125,886$0$0$2,424,852
80$3,345,627$0$0$2,596,123
81$3,584,660$0$0$2,782,468
82$3,844,854$0$0$2,985,349
83$4,128,267$0$0$3,206,374
84$4,437,162$0$0$3,447,314
85$4,774,030$0$0$3,710,118
86$5,141,614$0$0$3,996,929
87$5,542,931$0$0$4,310,110
88$5,981,303$0$0$4,652,257
89$6,460,389$0$0$5,026,233
90$6,984,216$0$0$5,435,188
91$7,557,215$0$0$5,882,588
92$8,184,270$0$0$6,372,253
93$8,870,756$0$0$6,908,387
94$9,622,591$0$0$7,495,622
95$10,446,294$0$0$8,139,055
96$11,349,045$0$0$8,844,304
97$12,338,749$0$0$9,617,552
98$13,424,113$0$0$10,465,613
99$14,614,730$0$0$11,395,988
100$15,921,162$0$0$12,416,942