Can I retire at age 50 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$50,704$50,252$49,811$49,381$48,961$48,369
2 years$25,101$24,633$24,180$23,741$23,315$22,719
3 years$16,568$16,098$15,646$15,211$14,792$14,211
4 years$12,302$11,834$11,386$10,959$10,550$9,988
5 years$9,743$9,278$8,836$8,417$8,020$7,479
6 years$8,038$7,576$7,141$6,731$6,346$5,826
7 years$6,820$6,362$5,934$5,534$5,161$4,663
8 years$5,907$5,454$5,033$4,643$4,281$3,805
9 years$5,198$4,748$4,335$3,954$3,606$3,151
10 years$4,631$4,186$3,779$3,409$3,072$2,639
11 years$4,167$3,726$3,327$2,967$2,642$2,229
12 years$3,780$3,344$2,953$2,602$2,290$1,897
13 years$3,454$3,022$2,638$2,297$1,997$1,624
14 years$3,174$2,747$2,370$2,039$1,750$1,397
15 years$2,932$2,510$2,140$1,819$1,541$1,206
16 years$2,720$2,303$1,940$1,628$1,362$1,046
17 years$2,534$2,121$1,766$1,463$1,208$909
18 years$2,368$1,959$1,612$1,319$1,074$792
19 years$2,220$1,816$1,475$1,191$957$691
20 years$2,087$1,688$1,354$1,079$855$605
21 years$1,967$1,572$1,246$979$765$530
22 years$1,857$1,467$1,148$890$686$465
23 years$1,758$1,372$1,060$811$616$408
24 years$1,667$1,286$980$740$553$359
25 years$1,583$1,207$908$675$498$316
26 years$1,506$1,134$842$618$448$278
27 years$1,435$1,067$782$565$404$245
28 years$1,368$1,006$727$518$365$216
29 years$1,307$949$676$475$329$191
30 years$1,250$896$630$436$298$168
31 years$1,196$847$587$400$269$149
32 years$1,146$801$548$368$243$131
33 years$1,100$759$512$338$220$116
34 years$1,056$719$478$311$199$102
35 years$1,014$682$447$287$181$91
36 years$975$648$418$264$164$80
37 years$938$615$391$243$148$71
38 years$904$585$367$224$134$63
39 years$871$556$343$207$122$55
40 years$839$529$322$191$111$49
41 years$810$503$302$176$100$43
42 years$782$479$283$162$91$38
43 years$755$457$266$150$83$34
44 years$730$435$249$138$75$30
45 years$705$415$234$128$68$27
46 years$682$396$220$118$62$24
47 years$660$378$207$109$56$21
48 years$639$361$194$101$51$18
49 years$619$345$182$93$46$16
50 years$599$329$172$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $614,000, adding $3,737 every year, while hoping to spend $39,673 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: 39/36/25 Blend
49$614,000$614,000$614,000$614,000
50$680,483$647,941$638,424$701,845
51$707,680$637,478$617,599$707,234
52$736,322$625,173$594,747$709,080
53$766,514$610,894$569,758$710,297
54$798,371$594,500$542,517$710,852
55$832,017$575,843$512,905$710,712
56$867,591$554,767$480,795$709,844
57$905,240$531,105$446,056$708,216
58$945,128$504,683$408,552$705,796
59$987,432$475,314$368,140$702,554
60$1,032,347$442,801$324,670$698,460
61$1,080,086$406,938$277,986$693,487
62$1,130,881$367,504$227,924$687,611
63$1,184,987$324,267$174,316$680,808
64$1,242,682$276,983$116,982$673,062
65$1,304,272$225,392$55,738$664,356
66$1,370,092$169,220$0$654,682
67$1,440,508$108,179$0$646,602
68$1,515,923$41,963$0$653,587
69$1,596,777$0$0$660,821
70$1,683,555$0$0$680,168
71$1,776,787$0$0$718,870
72$1,877,056$0$0$760,554
73$1,985,002$0$0$805,493
74$2,101,328$0$0$853,988
75$2,226,806$0$0$906,368
76$2,362,283$0$0$962,998
77$2,508,692$0$0$1,024,275
78$2,667,057$0$0$1,090,639
79$2,838,503$0$0$1,162,571
80$3,024,267$0$0$1,240,602
81$3,225,711$0$0$1,325,315
82$3,444,331$0$0$1,417,351
83$3,681,773$0$0$1,517,415
84$3,939,846$0$0$1,626,285
85$4,220,542$0$0$1,744,812
86$4,526,053$0$0$1,873,938
87$4,858,789$0$0$2,014,697
88$5,221,403$0$0$2,168,225
89$5,616,814$0$0$2,335,776
90$6,048,236$0$0$2,518,729
91$6,519,207$0$0$2,718,601
92$7,033,619$0$0$2,937,064
93$7,595,759$0$0$3,175,956
94$8,210,346$0$0$3,437,304
95$8,882,574$0$0$3,723,337
96$9,618,166$0$0$4,036,512
97$10,423,419$0$0$4,379,532
98$11,305,270$0$0$4,755,377
99$12,271,358$0$0$5,167,325
100$13,330,095$0$0$5,618,989