Can I retire at age 50 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$50,373$49,925$49,487$49,059$48,642$47,085
2 years$24,937$24,473$24,023$23,586$23,163$21,609
3 years$16,460$15,993$15,544$15,112$14,696$13,193
4 years$12,222$11,757$11,312$10,887$10,481$9,041
5 years$9,680$9,217$8,779$8,363$7,967$6,594
6 years$7,985$7,527$7,095$6,688$6,304$4,999
7 years$6,776$6,321$5,896$5,498$5,127$3,890
8 years$5,869$5,418$5,000$4,612$4,253$3,083
9 years$5,164$4,718$4,306$3,929$3,582$2,478
10 years$4,600$4,158$3,754$3,387$3,052$2,012
11 years$4,140$3,702$3,305$2,947$2,625$1,647
12 years$3,756$3,323$2,933$2,585$2,275$1,356
13 years$3,431$3,003$2,621$2,282$1,984$1,123
14 years$3,153$2,729$2,355$2,026$1,739$934
15 years$2,913$2,493$2,126$1,807$1,531$779
16 years$2,703$2,288$1,928$1,618$1,353$651
17 years$2,517$2,107$1,754$1,454$1,200$546
18 years$2,353$1,947$1,601$1,310$1,067$459
19 years$2,205$1,804$1,466$1,184$951$386
20 years$2,073$1,677$1,345$1,072$849$325
21 years$1,954$1,562$1,237$973$760$274
22 years$1,845$1,458$1,140$885$681$231
23 years$1,746$1,363$1,053$806$612$195
24 years$1,656$1,277$974$735$550$165
25 years$1,573$1,199$902$671$495$140
26 years$1,496$1,127$837$614$446$118
27 years$1,425$1,060$777$562$402$100
28 years$1,360$999$722$515$362$85
29 years$1,299$943$672$472$327$72
30 years$1,242$890$626$433$296$61
31 years$1,189$841$584$398$267$51
32 years$1,139$796$544$366$242$44
33 years$1,092$754$508$336$219$37
34 years$1,049$715$475$309$198$31
35 years$1,008$678$444$285$179$27
36 years$969$643$415$262$163$23
37 years$932$611$389$242$147$19
38 years$898$581$364$223$134$16
39 years$865$552$341$205$121$14
40 years$834$525$320$189$110$12
41 years$805$500$300$175$100$10
42 years$777$476$281$161$90$8
43 years$750$454$264$149$82$7
44 years$725$433$248$137$75$6
45 years$701$412$233$127$68$5
46 years$678$394$218$117$61$4
47 years$656$376$205$108$56$4
48 years$635$358$193$100$51$3
49 years$615$342$181$93$46$3
50 years$596$327$170$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $610,000, adding $5,995 every year, while hoping to spend $37,682 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: 21/50/29 Blend
49$610,000$610,000$610,000$610,000
50$678,404$646,074$636,619$686,322
51$707,508$637,638$617,852$685,583
52$738,317$627,526$597,194$681,288
53$770,966$615,616$574,541$675,879
54$805,602$601,778$549,785$669,292
55$842,385$585,876$522,814$661,457
56$881,490$567,766$493,510$652,305
57$923,108$547,293$461,749$641,761
58$967,450$524,296$427,403$629,751
59$1,014,747$498,602$390,337$616,198
60$1,065,248$470,031$350,411$601,024
61$1,119,232$438,391$307,478$584,146
62$1,176,999$403,478$261,384$565,484
63$1,238,883$365,078$211,970$544,953
64$1,305,246$322,964$159,068$522,468
65$1,376,488$276,896$102,504$497,944
66$1,453,047$226,621$42,095$471,295
67$1,535,404$171,872$0$442,436
68$1,624,087$112,366$0$418,202
69$1,719,676$47,804$0$405,938
70$1,822,808$0$0$392,587
71$1,934,183$0$0$390,310
72$2,054,569$0$0$416,365
73$2,184,813$0$0$444,644
74$2,325,843$0$0$475,361
75$2,478,681$0$0$508,749
76$2,644,449$0$0$545,068
77$2,824,384$0$0$584,601
78$3,019,843$0$0$627,660
79$3,232,321$0$0$674,589
80$3,463,463$0$0$725,767
81$3,715,076$0$0$781,609
82$3,989,152$0$0$842,575
83$4,287,880$0$0$909,168
84$4,613,671$0$0$981,943
85$4,969,179$0$0$1,061,514
86$5,357,323$0$0$1,148,552
87$5,781,318$0$0$1,243,799
88$6,244,704$0$0$1,348,071
89$6,751,376$0$0$1,462,267
90$7,305,625$0$0$1,587,377
91$7,912,173$0$0$1,724,491
92$8,576,223$0$0$1,874,809
93$9,303,502$0$0$2,039,654
94$10,100,317$0$0$2,220,482
95$10,973,615$0$0$2,418,897
96$11,931,045$0$0$2,636,666
97$12,981,035$0$0$2,875,736
98$14,132,864$0$0$3,138,249
99$15,396,753$0$0$3,426,569
100$16,783,963$0$0$3,743,296