Can I retire at age 50 with 612,000?

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 $612,000?

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%
1 years$50,538$50,088$49,649$49,220$48,802$47,777
2 years$25,019$24,553$24,101$23,664$23,239$22,212
3 years$16,514$16,046$15,595$15,162$14,744$13,746
4 years$12,262$11,795$11,349$10,923$10,515$9,554
5 years$9,711$9,248$8,808$8,390$7,994$7,072
6 years$8,012$7,551$7,118$6,709$6,325$5,444
7 years$6,798$6,342$5,915$5,516$5,144$4,304
8 years$5,888$5,436$5,016$4,627$4,267$3,468
9 years$5,181$4,733$4,321$3,942$3,594$2,834
10 years$4,615$4,172$3,767$3,398$3,062$2,342
11 years$4,153$3,714$3,316$2,957$2,633$1,951
12 years$3,768$3,333$2,943$2,594$2,282$1,637
13 years$3,443$3,012$2,629$2,290$1,990$1,381
14 years$3,164$2,738$2,363$2,033$1,744$1,171
15 years$2,922$2,501$2,133$1,813$1,536$996
16 years$2,711$2,295$1,934$1,623$1,357$850
17 years$2,525$2,114$1,760$1,458$1,204$727
18 years$2,360$1,953$1,606$1,314$1,070$624
19 years$2,213$1,810$1,471$1,188$954$536
20 years$2,080$1,682$1,350$1,076$852$461
21 years$1,960$1,567$1,241$976$762$397
22 years$1,851$1,463$1,144$888$683$343
23 years$1,752$1,368$1,056$808$614$296
24 years$1,661$1,282$977$737$551$256
25 years$1,578$1,203$905$673$496$221
26 years$1,501$1,130$839$616$447$191
27 years$1,430$1,064$779$563$403$166
28 years$1,364$1,002$725$516$364$143
29 years$1,303$946$674$473$328$124
30 years$1,246$893$628$434$297$108
31 years$1,193$844$585$399$268$93
32 years$1,143$799$546$367$243$81
33 years$1,096$757$510$337$220$70
34 years$1,052$717$477$310$199$61
35 years$1,011$680$446$286$180$53
36 years$972$645$417$263$163$46
37 years$935$613$390$242$148$40
38 years$901$583$365$223$134$35
39 years$868$554$342$206$122$30
40 years$837$527$321$190$110$26
41 years$807$502$301$175$100$23
42 years$779$478$282$162$91$20
43 years$753$455$265$149$82$17
44 years$727$434$249$138$75$15
45 years$703$414$233$127$68$13
46 years$680$395$219$118$62$11
47 years$658$377$206$109$56$10
48 years$637$360$194$100$51$8
49 years$617$343$182$93$46$7
50 years$598$328$171$86$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $612,000, adding $6,401 every year, while hoping to spend $20,024 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: 38/32/30 Blend
49$612,000$612,000$612,000$612,000
50$681,027$648,591$639,105$700,634
51$729,186$659,066$639,209$726,150
52$781,586$669,384$638,646$751,425
53$838,639$679,515$637,372$778,367
54$900,798$689,428$635,341$807,141
55$968,560$699,091$632,506$837,929
56$1,042,474$708,467$628,816$870,933
57$1,123,143$717,519$624,218$906,378
58$1,211,233$726,207$618,658$944,511
59$1,307,473$734,486$612,078$985,605
60$1,412,671$742,310$604,418$1,029,965
61$1,527,711$749,631$595,613$1,077,924
62$1,653,570$756,396$585,599$1,129,853
63$1,791,322$762,547$574,305$1,186,163
64$1,942,152$768,027$561,659$1,247,305
65$2,107,362$772,771$547,585$1,313,782
66$2,288,387$776,711$532,003$1,386,147
67$2,486,808$779,775$514,831$1,465,011
68$2,704,366$781,888$495,981$1,551,051
69$2,942,978$782,967$475,363$1,645,015
70$3,204,755$782,926$452,881$1,747,728
71$3,492,024$781,673$428,437$1,860,103
72$3,807,346$779,110$401,925$1,983,148
73$4,153,544$775,135$373,238$2,117,976
74$4,533,726$769,638$342,262$2,265,817
75$4,951,317$762,501$308,879$2,428,030
76$5,410,090$753,602$272,965$2,606,115
77$5,914,200$742,810$234,391$2,801,727
78$6,468,227$729,986$193,021$3,016,697
79$7,077,213$714,983$148,715$3,253,043
80$7,746,717$697,645$101,325$3,512,994
81$8,482,861$677,808$50,698$3,799,012
82$9,292,390$655,298$0$4,113,814
83$10,182,735$629,929$0$4,461,462
84$11,162,085$601,506$0$4,861,589
85$12,239,461$569,824$0$5,301,658
86$13,424,803$534,662$0$5,785,755
87$14,729,063$495,790$0$6,318,391
88$16,164,308$452,964$0$6,904,535
89$17,743,833$405,925$0$7,549,667
90$19,482,289$354,401$0$8,259,832
91$21,395,818$298,102$0$9,041,690
92$23,502,206$236,724$0$9,902,588
93$25,821,053$169,945$0$10,850,624
94$28,373,953$97,424$0$11,894,727
95$31,184,702$18,804$0$13,044,740
96$34,279,520$0$0$14,311,515
97$37,687,301$0$0$15,730,360
98$41,439,880$0$0$17,300,166
99$45,572,339$0$0$19,028,998
100$50,123,335$0$0$20,933,045