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%14.3%
1 years$50,373$49,925$49,487$49,059$48,642$47,777
2 years$24,937$24,473$24,023$23,586$23,163$22,295
3 years$16,460$15,993$15,544$15,112$14,696$13,851
4 years$12,222$11,757$11,312$10,887$10,481$9,666
5 years$9,680$9,217$8,779$8,363$7,967$7,185
6 years$7,985$7,527$7,095$6,688$6,304$5,555
7 years$6,776$6,321$5,896$5,498$5,127$4,411
8 years$5,869$5,418$5,000$4,612$4,253$3,571
9 years$5,164$4,718$4,306$3,929$3,582$2,933
10 years$4,600$4,158$3,754$3,387$3,052$2,435
11 years$4,140$3,702$3,305$2,947$2,625$2,039
12 years$3,756$3,323$2,933$2,585$2,275$1,720
13 years$3,431$3,003$2,621$2,282$1,984$1,459
14 years$3,153$2,729$2,355$2,026$1,739$1,243
15 years$2,913$2,493$2,126$1,807$1,531$1,063
16 years$2,703$2,288$1,928$1,618$1,353$913
17 years$2,517$2,107$1,754$1,454$1,200$785
18 years$2,353$1,947$1,601$1,310$1,067$677
19 years$2,205$1,804$1,466$1,184$951$585
20 years$2,073$1,677$1,345$1,072$849$507
21 years$1,954$1,562$1,237$973$760$439
22 years$1,845$1,458$1,140$885$681$381
23 years$1,746$1,363$1,053$806$612$331
24 years$1,656$1,277$974$735$550$288
25 years$1,573$1,199$902$671$495$251
26 years$1,496$1,127$837$614$446$218
27 years$1,425$1,060$777$562$402$190
28 years$1,360$999$722$515$362$166
29 years$1,299$943$672$472$327$145
30 years$1,242$890$626$433$296$126
31 years$1,189$841$584$398$267$110
32 years$1,139$796$544$366$242$96
33 years$1,092$754$508$336$219$84
34 years$1,049$715$475$309$198$73
35 years$1,008$678$444$285$179$64
36 years$969$643$415$262$163$56
37 years$932$611$389$242$147$49
38 years$898$581$364$223$134$43
39 years$865$552$341$205$121$37
40 years$834$525$320$189$110$33
41 years$805$500$300$175$100$29
42 years$777$476$281$161$90$25
43 years$750$454$264$149$82$22
44 years$725$433$248$137$75$19
45 years$701$412$233$127$68$17
46 years$678$394$218$117$61$15
47 years$656$376$205$108$56$13
48 years$635$358$193$100$51$11
49 years$615$342$181$93$46$10
50 years$596$327$170$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $610,000, adding $4,422 every year, while hoping to spend $27,979 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: 30/45/25 Blend
49$610,000$610,000$610,000$610,000
50$676,781$644,451$634,996$691,746
51$716,044$646,260$626,499$705,479
52$758,373$647,220$616,780$717,472
53$804,052$647,259$605,767$729,806
54$853,394$646,302$593,388$742,529
55$906,738$644,270$579,566$755,697
56$964,463$641,076$564,218$769,373
57$1,026,980$636,631$547,261$783,628
58$1,094,744$630,838$528,607$798,546
59$1,168,256$623,597$508,163$814,219
60$1,248,063$614,798$485,832$830,754
61$1,334,771$604,329$461,513$848,270
62$1,429,045$592,069$435,101$866,903
63$1,531,616$577,888$406,485$886,806
64$1,643,289$561,652$375,550$908,151
65$1,764,948$543,218$342,175$931,132
66$1,897,570$522,432$306,235$955,967
67$2,042,225$499,135$267,597$982,900
68$2,200,095$473,155$226,125$1,012,207
69$2,372,480$444,314$181,674$1,044,195
70$2,560,808$412,421$134,096$1,079,209
71$2,766,656$377,275$83,233$1,117,633
72$2,991,756$338,663$28,923$1,159,898
73$3,238,018$296,361$0$1,206,486
74$3,507,544$250,130$0$1,265,678
75$3,802,647$199,720$0$1,339,066
76$4,125,877$144,867$0$1,419,643
77$4,480,040$85,289$0$1,508,203
78$4,868,228$20,692$0$1,605,631
79$5,293,844$0$0$1,712,902
80$5,760,639$0$0$1,855,482
81$6,272,741$0$0$2,023,240
82$6,834,701$0$0$2,207,432
83$7,451,527$0$0$2,409,713
84$8,128,740$0$0$2,631,906
85$8,872,419$0$0$2,876,020
86$9,689,261$0$0$3,144,266
87$10,586,645$0$0$3,439,083
88$11,572,698$0$0$3,763,155
89$12,656,375$0$0$4,119,440
90$13,847,539$0$0$4,511,199
91$15,157,058$0$0$4,942,022
92$16,596,906$0$0$5,415,866
93$18,180,274$0$0$5,937,089
94$19,921,696$0$0$6,510,493
95$21,837,185$0$0$7,141,372
96$23,944,383$0$0$7,835,555
97$26,262,729$0$0$8,599,465
98$28,813,641$0$0$9,440,182
99$31,620,717$0$0$10,365,505
100$34,709,960$0$0$11,384,027