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%13.7%
1 years$50,125$49,679$49,243$48,818$48,403$47,660
2 years$24,815$24,352$23,905$23,470$23,049$22,302
3 years$16,379$15,915$15,468$15,038$14,623$13,896
4 years$12,162$11,699$11,257$10,834$10,429$9,727
5 years$9,632$9,172$8,736$8,321$7,928$7,253
6 years$7,946$7,490$7,060$6,655$6,273$5,626
7 years$6,742$6,290$5,867$5,471$5,102$4,483
8 years$5,840$5,392$4,975$4,590$4,233$3,641
9 years$5,139$4,694$4,285$3,909$3,564$3,001
10 years$4,578$4,138$3,736$3,370$3,037$2,501
11 years$4,119$3,684$3,289$2,933$2,612$2,103
12 years$3,737$3,306$2,919$2,572$2,263$1,780
13 years$3,414$2,988$2,608$2,271$1,974$1,516
14 years$3,138$2,716$2,343$2,016$1,730$1,297
15 years$2,899$2,481$2,116$1,798$1,523$1,114
16 years$2,689$2,276$1,918$1,610$1,346$960
17 years$2,505$2,096$1,745$1,446$1,194$830
18 years$2,341$1,937$1,593$1,304$1,061$719
19 years$2,195$1,795$1,459$1,178$946$624
20 years$2,063$1,668$1,339$1,067$845$542
21 years$1,944$1,554$1,231$968$756$472
22 years$1,836$1,451$1,135$880$678$412
23 years$1,738$1,357$1,048$802$609$359
24 years$1,648$1,271$969$731$547$314
25 years$1,565$1,193$898$668$492$275
26 years$1,489$1,121$832$611$443$240
27 years$1,418$1,055$773$559$400$210
28 years$1,353$994$719$512$361$184
29 years$1,292$938$669$470$326$162
30 years$1,236$886$623$431$294$142
31 years$1,183$837$581$396$266$124
32 years$1,133$792$542$364$241$109
33 years$1,087$750$506$334$218$96
34 years$1,044$711$473$308$197$84
35 years$1,003$675$442$283$179$74
36 years$964$640$413$261$162$65
37 years$928$608$387$240$147$57
38 years$893$578$362$222$133$50
39 years$861$549$339$204$121$44
40 years$830$523$318$188$109$39
41 years$801$498$298$174$99$34
42 years$773$474$280$160$90$30
43 years$746$452$263$148$82$26
44 years$721$430$247$137$74$23
45 years$697$410$231$126$67$20
46 years$674$392$217$117$61$18
47 years$653$374$204$108$56$16
48 years$632$357$192$100$50$14
49 years$612$341$180$92$46$12
50 years$593$325$170$85$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $607,000, adding $4,833 every year, while hoping to spend $43,534 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: 80/9/11 Blend
49$607,000$607,000$607,000$607,000
50$673,899$641,728$632,320$726,133
51$696,317$626,853$607,183$746,237
52$719,563$609,790$579,744$762,130
53$743,674$590,386$549,882$778,295
54$768,692$568,478$517,466$794,737
55$794,661$543,896$482,364$811,463
56$821,627$516,457$444,433$828,482
57$849,640$485,970$403,529$845,802
58$878,752$452,232$359,496$863,434
59$909,021$415,028$312,175$881,390
60$940,508$374,130$261,400$899,683
61$973,277$329,300$206,994$918,328
62$1,007,399$280,284$148,776$937,342
63$1,042,949$226,813$86,556$956,746
64$1,080,009$168,606$20,134$976,561
65$1,118,665$105,363$0$996,812
66$1,159,011$36,768$0$1,023,486
67$1,201,150$0$0$1,053,567
68$1,245,190$0$0$1,088,467
69$1,291,250$0$0$1,128,781
70$1,339,458$0$0$1,170,980
71$1,389,953$0$0$1,215,185
72$1,442,886$0$0$1,261,529
73$1,498,419$0$0$1,310,156
74$1,556,730$0$0$1,361,221
75$1,618,011$0$0$1,414,894
76$1,682,472$0$0$1,471,359
77$1,750,339$0$0$1,530,815
78$1,821,860$0$0$1,593,482
79$1,897,306$0$0$1,659,596
80$1,976,970$0$0$1,729,416
81$2,061,174$0$0$1,803,225
82$2,150,266$0$0$1,881,331
83$2,244,630$0$0$1,964,070
84$2,344,683$0$0$2,051,811
85$2,450,881$0$0$2,144,954
86$2,563,722$0$0$2,243,939
87$2,683,753$0$0$2,349,247
88$2,811,572$0$0$2,461,404
89$2,947,831$0$0$2,580,986
90$3,093,247$0$0$2,708,623
91$3,248,604$0$0$2,845,008
92$3,414,764$0$0$2,990,896
93$3,592,668$0$0$3,147,120
94$3,783,350$0$0$3,314,590
95$3,987,945$0$0$3,494,306
96$4,207,698$0$0$3,687,364
97$4,443,975$0$0$3,894,968
98$4,698,275$0$0$4,118,439
99$4,972,246$0$0$4,359,230
100$5,267,696$0$0$4,618,933