Can I retire at age 50 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$50,291$49,843$49,406$48,979$48,563$47,699
2 years$24,896$24,433$23,983$23,548$23,125$22,258
3 years$16,433$15,967$15,519$15,087$14,671$13,828
4 years$12,202$11,737$11,294$10,869$10,464$9,650
5 years$9,664$9,202$8,764$8,349$7,954$7,173
6 years$7,972$7,514$7,083$6,677$6,294$5,546
7 years$6,765$6,311$5,886$5,489$5,119$4,404
8 years$5,859$5,409$4,992$4,605$4,247$3,565
9 years$5,156$4,710$4,299$3,922$3,576$2,928
10 years$4,593$4,151$3,748$3,381$3,047$2,431
11 years$4,133$3,696$3,300$2,942$2,621$2,036
12 years$3,750$3,317$2,929$2,581$2,271$1,717
13 years$3,426$2,998$2,617$2,279$1,980$1,456
14 years$3,148$2,725$2,351$2,023$1,736$1,241
15 years$2,908$2,489$2,123$1,804$1,528$1,062
16 years$2,698$2,284$1,924$1,615$1,351$911
17 years$2,513$2,103$1,751$1,451$1,198$784
18 years$2,349$1,944$1,599$1,308$1,065$676
19 years$2,202$1,801$1,463$1,182$949$584
20 years$2,070$1,674$1,343$1,070$848$506
21 years$1,951$1,559$1,235$971$759$438
22 years$1,842$1,455$1,139$883$680$381
23 years$1,743$1,361$1,051$804$611$331
24 years$1,653$1,275$972$734$549$288
25 years$1,570$1,197$901$670$494$250
26 years$1,494$1,125$835$613$445$218
27 years$1,423$1,059$776$561$401$190
28 years$1,357$998$721$514$362$166
29 years$1,296$941$671$471$327$144
30 years$1,240$889$625$432$295$126
31 years$1,187$840$583$397$267$110
32 years$1,137$795$544$365$241$96
33 years$1,091$753$508$336$219$84
34 years$1,047$713$474$309$198$73
35 years$1,006$677$443$284$179$64
36 years$967$642$415$262$162$56
37 years$931$610$388$241$147$49
38 years$896$580$364$222$133$43
39 years$864$551$341$205$121$37
40 years$833$525$319$189$110$33
41 years$803$499$299$174$100$29
42 years$775$476$281$161$90$25
43 years$749$453$263$149$82$22
44 years$724$432$247$137$74$19
45 years$700$412$232$127$68$17
46 years$677$393$218$117$61$15
47 years$655$375$205$108$56$13
48 years$634$358$193$100$51$11
49 years$614$342$181$92$46$10
50 years$595$326$170$85$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $609,000, adding $3,772 every year, while hoping to spend $20,362 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: 79/16/5 Blend
49$609,000$609,000$609,000$609,000
50$675,009$642,732$633,292$727,900
51$722,195$652,561$632,843$772,908
52$773,511$662,189$631,695$819,201
53$829,358$671,585$629,806$869,363
54$890,175$680,715$627,127$923,769
55$956,446$689,543$623,609$982,831
56$1,028,705$698,032$619,201$1,047,004
57$1,107,536$706,139$613,848$1,116,789
58$1,193,587$713,822$607,494$1,192,738
59$1,287,567$721,033$600,079$1,275,459
60$1,390,258$727,723$591,541$1,365,620
61$1,502,522$733,839$581,815$1,463,960
62$1,625,306$739,324$570,832$1,571,290
63$1,759,654$744,117$558,522$1,688,505
64$1,906,715$748,156$544,809$1,816,592
65$2,067,755$751,371$529,615$1,956,637
66$2,244,168$753,689$512,859$2,109,837
67$2,437,488$755,035$494,455$2,277,510
68$2,649,406$755,326$474,313$2,461,111
69$2,881,783$754,475$452,341$2,662,239
70$3,136,670$752,389$428,439$2,882,661
71$3,416,325$748,971$402,507$3,124,321
72$3,723,236$744,117$374,437$3,389,361
73$4,060,144$737,716$344,118$3,680,142
74$4,430,065$729,651$311,432$3,999,267
75$4,836,326$719,798$276,260$4,349,604
76$5,282,589$708,025$238,472$4,734,312
77$5,772,888$694,194$197,936$5,156,875
78$6,311,670$678,157$154,514$5,621,130
79$6,903,831$659,757$108,061$6,131,307
80$7,554,766$638,830$58,426$6,692,067
81$8,270,419$615,199$5,449$7,308,547
82$9,057,338$588,680$0$7,986,410
83$9,922,738$559,077$0$8,734,618
84$10,874,567$526,182$0$9,557,812
85$11,921,584$489,776$0$10,463,286
86$13,073,438$449,627$0$11,459,404
87$14,340,760$405,490$0$12,555,379
88$15,735,265$357,107$0$13,761,366
89$17,269,859$304,202$0$15,088,556
90$18,958,765$246,487$0$16,549,282
91$20,817,651$183,657$0$18,157,133
92$22,863,783$115,389$0$19,927,088
93$25,116,188$41,341$0$21,875,652
94$27,595,827$0$0$24,021,014
95$30,325,799$0$0$26,390,059
96$33,331,558$0$0$29,006,467
97$36,641,148$0$0$31,887,373
98$40,285,475$0$0$35,059,683
99$44,298,591$0$0$38,553,042
100$48,718,020$0$0$42,400,118