Can I retire at age 50 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$50,621$50,170$49,730$49,301$48,881$46,998
2 years$25,060$24,593$24,141$23,702$23,277$21,402
3 years$16,541$16,072$15,621$15,186$14,768$12,960
4 years$12,282$11,815$11,368$10,941$10,533$8,806
5 years$9,727$9,263$8,822$8,404$8,007$6,365
6 years$8,025$7,564$7,129$6,720$6,335$4,781
7 years$6,809$6,352$5,925$5,525$5,152$3,684
8 years$5,898$5,445$5,025$4,635$4,274$2,891
9 years$5,189$4,741$4,328$3,948$3,600$2,299
10 years$4,623$4,179$3,773$3,403$3,067$1,847
11 years$4,160$3,720$3,322$2,962$2,638$1,495
12 years$3,774$3,339$2,948$2,598$2,286$1,218
13 years$3,448$3,017$2,634$2,294$1,993$996
14 years$3,169$2,743$2,366$2,036$1,747$819
15 years$2,927$2,506$2,137$1,816$1,538$675
16 years$2,716$2,299$1,937$1,626$1,360$557
17 years$2,530$2,117$1,763$1,461$1,206$461
18 years$2,364$1,956$1,609$1,316$1,072$383
19 years$2,216$1,813$1,473$1,190$955$318
20 years$2,083$1,685$1,352$1,077$853$264
21 years$1,963$1,569$1,243$978$764$220
22 years$1,854$1,465$1,146$889$685$183
23 years$1,755$1,370$1,058$810$615$153
24 years$1,664$1,284$979$738$552$127
25 years$1,580$1,205$906$674$497$106
26 years$1,503$1,132$841$617$448$89
27 years$1,432$1,066$781$564$404$74
28 years$1,366$1,004$726$517$364$62
29 years$1,305$947$675$474$329$52
30 years$1,248$895$629$435$297$43
31 years$1,194$846$586$400$269$36
32 years$1,145$800$547$367$243$30
33 years$1,098$758$511$338$220$25
34 years$1,054$718$477$311$199$21
35 years$1,013$681$446$286$180$18
36 years$974$647$417$263$163$15
37 years$937$614$391$243$148$12
38 years$902$584$366$224$134$10
39 years$869$555$343$206$122$9
40 years$838$528$321$190$110$7
41 years$809$503$301$176$100$6
42 years$780$479$283$162$91$5
43 years$754$456$265$150$83$4
44 years$728$435$249$138$75$4
45 years$704$415$234$128$68$3
46 years$681$395$220$118$62$2
47 years$659$377$206$109$56$2
48 years$638$360$194$101$51$2
49 years$618$344$182$93$46$1
50 years$599$329$171$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $613,000, adding $3,806 every year, while hoping to spend $36,988 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: 38/36/26 Blend
49$613,000$613,000$613,000$613,000
50$679,452$646,963$637,461$699,883
51$709,401$639,309$619,461$707,515
52$741,165$630,041$599,619$712,066
53$774,891$619,039$577,833$716,263
54$810,737$606,180$553,998$720,099
55$848,880$591,330$528,004$723,567
56$889,509$574,349$499,735$726,664
57$932,835$555,088$469,073$729,388
58$979,087$533,390$435,889$731,743
59$1,028,516$509,088$400,054$733,736
60$1,081,399$482,007$361,430$735,379
61$1,138,036$451,961$319,873$736,690
62$1,198,761$418,751$275,233$737,692
63$1,263,935$382,171$227,354$738,418
64$1,333,958$342,000$176,072$738,908
65$1,409,269$298,004$121,218$739,212
66$1,490,348$249,940$62,612$739,390
67$1,577,722$197,546$68$739,515
68$1,671,973$140,549$0$739,676
69$1,773,737$78,658$0$758,471
70$1,883,714$11,569$0$778,749
71$2,002,674$0$0$800,688
72$2,131,463$0$0$848,697
73$2,271,011$0$0$905,752
74$2,422,340$0$0$967,697
75$2,586,575$0$0$1,035,002
76$2,764,952$0$0$1,108,182
77$2,958,832$0$0$1,187,807
78$3,169,711$0$0$1,274,501
79$3,399,235$0$0$1,368,952
80$3,649,217$0$0$1,471,917
81$3,921,650$0$0$1,584,230
82$4,218,727$0$0$1,706,807
83$4,542,864$0$0$1,840,658
84$4,896,719$0$0$1,986,894
85$5,283,217$0$0$2,146,739
86$5,705,579$0$0$2,321,539
87$6,167,352$0$0$2,512,777
88$6,672,439$0$0$2,722,087
89$7,225,139$0$0$2,951,266
90$7,830,187$0$0$3,202,294
91$8,492,794$0$0$3,477,352
92$9,218,701$0$0$3,778,841
93$10,014,229$0$0$4,109,407
94$10,886,340$0$0$4,471,961
95$11,842,703$0$0$4,869,714
96$12,891,762$0$0$5,306,197
97$14,042,820$0$0$5,785,305
98$15,306,122$0$0$6,311,325
99$16,692,957$0$0$6,888,980
100$18,215,755$0$0$7,523,474