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%11.3%
1 years$50,208$49,761$49,325$48,899$48,483$48,218
2 years$24,855$24,393$23,944$23,509$23,087$22,820
3 years$16,406$15,941$15,493$15,062$14,647$14,386
4 years$12,182$11,718$11,275$10,852$10,447$10,193
5 years$9,648$9,187$8,750$8,335$7,941$7,696
6 years$7,959$7,502$7,071$6,666$6,284$6,048
7 years$6,754$6,300$5,876$5,480$5,110$4,883
8 years$5,850$5,400$4,984$4,597$4,240$4,022
9 years$5,147$4,702$4,292$3,916$3,570$3,361
10 years$4,585$4,145$3,742$3,375$3,042$2,842
11 years$4,126$3,690$3,295$2,938$2,616$2,425
12 years$3,743$3,312$2,924$2,577$2,267$2,085
13 years$3,420$2,993$2,612$2,275$1,977$1,803
14 years$3,143$2,720$2,347$2,019$1,733$1,567
15 years$2,903$2,485$2,119$1,801$1,526$1,368
16 years$2,694$2,280$1,921$1,613$1,349$1,199
17 years$2,509$2,100$1,748$1,449$1,196$1,054
18 years$2,345$1,940$1,596$1,306$1,063$928
19 years$2,198$1,798$1,461$1,180$948$820
20 years$2,066$1,671$1,341$1,069$846$726
21 years$1,947$1,557$1,233$970$758$643
22 years$1,839$1,453$1,137$882$679$571
23 years$1,741$1,359$1,050$803$610$508
24 years$1,650$1,273$971$732$548$452
25 years$1,568$1,195$899$669$493$403
26 years$1,491$1,123$834$612$444$359
27 years$1,421$1,057$774$560$400$320
28 years$1,355$996$720$513$361$286
29 years$1,294$939$670$470$326$256
30 years$1,238$887$624$432$295$229
31 years$1,185$839$582$396$266$205
32 years$1,135$794$543$364$241$183
33 years$1,089$752$507$335$218$164
34 years$1,045$712$473$308$198$147
35 years$1,004$676$443$284$179$132
36 years$966$641$414$261$162$118
37 years$929$609$388$241$147$106
38 years$895$579$363$222$133$95
39 years$862$550$340$205$121$85
40 years$831$524$319$189$110$76
41 years$802$498$299$174$99$68
42 years$774$475$280$161$90$61
43 years$748$452$263$148$82$55
44 years$722$431$247$137$74$49
45 years$698$411$232$127$67$44
46 years$675$392$218$117$61$40
47 years$654$374$205$108$56$36
48 years$633$357$192$100$50$32
49 years$613$341$181$92$46$29
50 years$594$326$170$85$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $608,000, adding $5,102 every year, while hoping to spend $25,875 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: 54/17/29 Blend
49$608,000$608,000$608,000$608,000
50$675,279$643,055$633,631$706,045
51$716,626$647,034$627,327$731,868
52$761,324$650,340$619,944$756,907
53$809,687$652,914$611,420$783,656
54$862,059$654,692$601,687$812,290
55$918,823$655,605$590,676$843,001
56$980,394$655,581$578,315$876,003
57$1,047,232$654,542$564,527$911,534
58$1,119,844$652,409$549,233$949,855
59$1,198,784$649,093$532,348$991,258
60$1,284,665$644,504$513,787$1,036,064
61$1,378,160$638,543$493,458$1,084,629
62$1,480,008$631,108$471,264$1,137,345
63$1,591,025$622,088$447,108$1,194,650
64$1,712,107$611,369$420,884$1,257,024
65$1,844,243$598,826$392,484$1,325,001
66$1,988,517$584,329$361,793$1,399,170
67$2,146,126$567,742$328,694$1,480,183
68$2,318,387$548,917$293,061$1,568,759
69$2,506,749$527,701$254,765$1,665,696
70$2,712,808$503,930$213,671$1,771,873
71$2,938,322$477,430$169,637$1,888,263
72$3,185,227$448,019$122,515$2,015,941
73$3,455,652$415,504$72,151$2,156,094
74$3,751,944$379,680$18,384$2,310,034
75$4,076,689$340,331$0$2,479,210
76$4,432,732$297,228$0$2,677,290
77$4,823,209$250,130$0$2,900,829
78$5,251,571$198,782$0$3,146,142
79$5,721,624$142,914$0$3,415,444
80$6,237,555$82,242$0$3,711,176
81$6,803,979$16,465$0$4,036,030
82$7,425,979$0$0$4,392,975
83$8,109,155$0$0$4,795,521
84$8,859,676$0$0$5,241,194
85$9,684,336$0$0$5,730,956
86$10,590,623$0$0$6,269,260
87$11,586,783$0$0$6,861,016
88$12,681,903$0$0$7,511,627
89$13,885,992$0$0$8,227,050
90$15,210,081$0$0$9,013,848
91$16,666,320$0$0$9,879,250
92$18,268,097$0$0$10,831,221
93$20,030,162$0$0$11,878,538
94$21,968,768$0$0$13,030,872
95$24,101,820$0$0$14,298,876
96$26,449,049$0$0$15,694,291
97$29,032,195$0$0$17,230,051
98$31,875,209$0$0$18,920,410
99$35,004,485$0$0$20,781,071
100$38,449,105$0$0$22,829,339