Can I retire at age 50 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$50,208$49,761$49,325$48,899$48,483$47,778
2 years$24,855$24,393$23,944$23,509$23,087$22,378
3 years$16,406$15,941$15,493$15,062$14,647$13,957
4 years$12,182$11,718$11,275$10,852$10,447$9,780
5 years$9,648$9,187$8,750$8,335$7,941$7,300
6 years$7,959$7,502$7,071$6,666$6,284$5,669
7 years$6,754$6,300$5,876$5,480$5,110$4,522
8 years$5,850$5,400$4,984$4,597$4,240$3,677
9 years$5,147$4,702$4,292$3,916$3,570$3,034
10 years$4,585$4,145$3,742$3,375$3,042$2,532
11 years$4,126$3,690$3,295$2,938$2,616$2,131
12 years$3,743$3,312$2,924$2,577$2,267$1,807
13 years$3,420$2,993$2,612$2,275$1,977$1,540
14 years$3,143$2,720$2,347$2,019$1,733$1,320
15 years$2,903$2,485$2,119$1,801$1,526$1,135
16 years$2,694$2,280$1,921$1,613$1,349$980
17 years$2,509$2,100$1,748$1,449$1,196$848
18 years$2,345$1,940$1,596$1,306$1,063$735
19 years$2,198$1,798$1,461$1,180$948$639
20 years$2,066$1,671$1,341$1,069$846$557
21 years$1,947$1,557$1,233$970$758$485
22 years$1,839$1,453$1,137$882$679$424
23 years$1,741$1,359$1,050$803$610$371
24 years$1,650$1,273$971$732$548$324
25 years$1,568$1,195$899$669$493$284
26 years$1,491$1,123$834$612$444$249
27 years$1,421$1,057$774$560$400$218
28 years$1,355$996$720$513$361$192
29 years$1,294$939$670$470$326$168
30 years$1,238$887$624$432$295$148
31 years$1,185$839$582$396$266$130
32 years$1,135$794$543$364$241$114
33 years$1,089$752$507$335$218$100
34 years$1,045$712$473$308$198$88
35 years$1,004$676$443$284$179$78
36 years$966$641$414$261$162$68
37 years$929$609$388$241$147$60
38 years$895$579$363$222$133$53
39 years$862$550$340$205$121$47
40 years$831$524$319$189$110$41
41 years$802$498$299$174$99$36
42 years$774$475$280$161$90$32
43 years$748$452$263$148$82$28
44 years$722$431$247$137$74$25
45 years$698$411$232$127$67$22
46 years$675$392$218$117$61$19
47 years$654$374$205$108$56$17
48 years$633$357$192$100$50$15
49 years$613$341$181$92$46$13
50 years$594$326$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 $608,000, adding $3,966 every year, while hoping to spend $43,492 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: 72/13/15 Blend
49$608,000$608,000$608,000$608,000
50$674,107$641,883$632,459$720,097
51$696,591$627,060$607,371$736,299
52$719,910$610,053$579,985$748,360
53$744,105$590,709$550,178$760,426
54$769,216$568,867$517,822$772,487
55$795,289$544,354$482,782$784,535
56$822,371$516,990$444,918$796,561
57$850,513$486,583$404,083$808,558
58$879,770$452,930$360,124$820,517
59$910,200$415,818$312,882$832,430
60$941,866$375,018$262,189$844,291
61$974,835$330,292$207,871$856,093
62$1,009,179$281,387$149,745$867,832
63$1,044,975$228,036$87,622$879,502
64$1,082,309$169,955$21,303$891,101
65$1,121,268$106,847$0$902,629
66$1,161,951$38,396$0$922,003
67$1,204,463$0$0$945,461
68$1,248,916$0$0$974,746
69$1,295,435$0$0$1,011,145
70$1,344,150$0$0$1,049,272
71$1,395,207$0$0$1,089,240
72$1,448,762$0$0$1,131,172
73$1,504,983$0$0$1,175,202
74$1,564,054$0$0$1,221,476
75$1,626,176$0$0$1,270,152
76$1,691,567$0$0$1,321,402
77$1,760,462$0$0$1,375,412
78$1,833,119$0$0$1,432,387
79$1,909,820$0$0$1,492,549
80$1,990,870$0$0$1,556,140
81$2,076,605$0$0$1,623,425
82$2,167,388$0$0$1,694,693
83$2,263,619$0$0$1,770,258
84$2,365,733$0$0$1,850,467
85$2,474,206$0$0$1,935,696
86$2,589,559$0$0$2,026,358
87$2,712,362$0$0$2,122,903
88$2,843,239$0$0$2,225,827
89$2,982,874$0$0$2,335,670
90$3,132,014$0$0$2,453,025
91$3,291,480$0$0$2,578,543
92$3,462,173$0$0$2,712,936
93$3,645,076$0$0$2,856,985
94$3,841,274$0$0$3,011,549
95$4,051,953$0$0$3,177,567
96$4,278,415$0$0$3,356,072
97$4,522,090$0$0$3,548,199
98$4,784,550$0$0$3,755,191
99$5,067,519$0$0$3,978,416
100$5,372,891$0$0$4,219,377