Can I retire at age 50 with 611,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$50,456$50,006$49,568$49,140$48,722$47,719
2 years$24,978$24,513$24,062$23,625$23,201$22,195
3 years$16,487$16,019$15,570$15,137$14,720$13,742
4 years$12,242$11,776$11,331$10,905$10,498$9,556
5 years$9,696$9,233$8,793$8,376$7,981$7,077
6 years$7,999$7,539$7,106$6,699$6,315$5,451
7 years$6,787$6,331$5,905$5,507$5,136$4,312
8 years$5,879$5,427$5,008$4,620$4,260$3,476
9 years$5,172$4,725$4,314$3,935$3,588$2,843
10 years$4,608$4,165$3,761$3,392$3,057$2,350
11 years$4,146$3,708$3,311$2,952$2,629$1,960
12 years$3,762$3,328$2,938$2,589$2,278$1,645
13 years$3,437$3,008$2,625$2,286$1,987$1,389
14 years$3,159$2,734$2,359$2,029$1,742$1,178
15 years$2,918$2,497$2,130$1,810$1,533$1,003
16 years$2,707$2,291$1,931$1,620$1,355$856
17 years$2,521$2,110$1,757$1,456$1,202$733
18 years$2,356$1,950$1,604$1,312$1,068$629
19 years$2,209$1,807$1,468$1,186$952$541
20 years$2,077$1,679$1,347$1,074$851$466
21 years$1,957$1,564$1,239$975$761$402
22 years$1,848$1,460$1,142$886$682$347
23 years$1,749$1,366$1,055$807$613$300
24 years$1,659$1,280$975$736$551$259
25 years$1,575$1,201$903$672$495$224
26 years$1,498$1,129$838$615$446$194
27 years$1,428$1,062$778$563$402$168
28 years$1,362$1,001$723$515$363$146
29 years$1,301$944$673$473$328$127
30 years$1,244$892$627$434$296$110
31 years$1,191$843$585$398$268$95
32 years$1,141$798$545$366$242$83
33 years$1,094$755$509$337$219$72
34 years$1,050$716$476$310$198$62
35 years$1,009$679$445$285$180$54
36 years$970$644$416$263$163$47
37 years$934$612$389$242$148$41
38 years$899$582$365$223$134$36
39 years$866$553$342$206$121$31
40 years$835$526$320$190$110$27
41 years$806$501$300$175$100$23
42 years$778$477$282$162$91$20
43 years$751$455$264$149$82$18
44 years$726$433$248$138$75$15
45 years$702$413$233$127$68$13
46 years$679$394$219$117$62$12
47 years$657$376$206$109$56$10
48 years$636$359$193$100$51$9
49 years$616$343$182$93$46$8
50 years$597$328$171$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $611,000, adding $2,256 every year, while hoping to spend $31,420 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: 69/22/9 Blend
49$611,000$611,000$611,000$611,000
50$675,649$643,266$633,796$720,960
51$711,135$641,355$621,597$749,376
52$749,187$638,298$607,937$776,423
53$790,034$634,005$592,733$805,169
54$833,927$628,381$575,899$835,775
55$881,141$621,325$557,345$868,419
56$931,979$612,732$536,978$903,298
57$986,773$602,488$514,699$940,629
58$1,045,888$590,473$490,405$980,653
59$1,109,723$576,562$463,989$1,023,635
60$1,178,721$560,619$435,338$1,069,868
61$1,253,364$542,502$404,335$1,119,678
62$1,334,184$522,062$370,858$1,173,422
63$1,421,767$499,140$334,778$1,231,497
64$1,516,756$473,566$295,961$1,294,341
65$1,619,857$445,163$254,268$1,362,437
66$1,731,849$413,743$209,553$1,436,320
67$1,853,588$379,106$161,663$1,516,580
68$1,986,014$341,042$110,439$1,603,871
69$2,130,164$299,330$55,715$1,698,913
70$2,287,176$253,732$0$1,802,502
71$2,458,305$204,003$0$1,915,776
72$2,644,932$149,878$0$2,045,175
73$2,848,574$91,082$0$2,186,434
74$3,070,905$27,321$0$2,340,757
75$3,313,764$0$0$2,509,471
76$3,579,178$0$0$2,704,142
77$3,869,378$0$0$2,924,256
78$4,186,820$0$0$3,165,067
79$4,534,208$0$0$3,428,631
80$4,914,519$0$0$3,717,211
81$5,331,034$0$0$4,033,300
82$5,787,364$0$0$4,379,644
83$6,287,484$0$0$4,759,266
84$6,835,777$0$0$5,175,496
85$7,437,064$0$0$5,632,000
86$8,096,660$0$0$6,132,819
87$8,820,416$0$0$6,682,402
88$9,614,780$0$0$7,285,650
89$10,486,851$0$0$7,947,960
90$11,444,451$0$0$8,675,281
91$12,496,197$0$0$9,474,161
92$13,651,580$0$0$10,351,819
93$14,921,056$0$0$11,316,203
94$16,316,145$0$0$12,376,072
95$17,849,536$0$0$13,541,075
96$19,535,212$0$0$14,821,841
97$21,388,575$0$0$16,230,082
98$23,426,595$0$0$17,778,701
99$25,667,969$0$0$19,481,913
100$28,133,297$0$0$21,355,381