Can I retire at age 50 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$50,786$50,334$49,892$49,462$49,041$48,348
2 years$25,142$24,673$24,220$23,780$23,353$22,656
3 years$16,595$16,124$15,672$15,236$14,816$14,137
4 years$12,322$11,853$11,405$10,977$10,567$9,911
5 years$9,759$9,293$8,851$8,431$8,033$7,402
6 years$8,051$7,588$7,153$6,742$6,356$5,751
7 years$6,831$6,373$5,944$5,543$5,169$4,590
8 years$5,917$5,463$5,041$4,650$4,288$3,735
9 years$5,206$4,756$4,342$3,961$3,611$3,083
10 years$4,638$4,192$3,785$3,414$3,077$2,574
11 years$4,173$3,732$3,332$2,971$2,646$2,168
12 years$3,787$3,350$2,957$2,606$2,293$1,839
13 years$3,459$3,027$2,642$2,301$2,000$1,569
14 years$3,179$2,752$2,374$2,043$1,753$1,345
15 years$2,937$2,514$2,144$1,822$1,544$1,158
16 years$2,725$2,306$1,943$1,631$1,364$1,000
17 years$2,538$2,124$1,768$1,466$1,210$866
18 years$2,372$1,963$1,614$1,321$1,075$752
19 years$2,224$1,819$1,478$1,193$959$654
20 years$2,090$1,690$1,356$1,081$856$570
21 years$1,970$1,574$1,248$981$766$497
22 years$1,860$1,470$1,150$892$687$435
23 years$1,761$1,375$1,062$812$617$380
24 years$1,669$1,288$982$741$554$333
25 years$1,586$1,209$909$677$499$292
26 years$1,508$1,136$843$619$449$256
27 years$1,437$1,069$783$566$405$225
28 years$1,371$1,007$728$519$365$197
29 years$1,309$950$678$476$330$173
30 years$1,252$897$631$437$298$152
31 years$1,198$848$588$401$270$134
32 years$1,148$803$549$369$244$118
33 years$1,101$760$513$339$221$104
34 years$1,057$721$479$312$200$91
35 years$1,016$683$448$287$181$80
36 years$977$649$419$264$164$71
37 years$940$616$392$244$149$62
38 years$905$585$367$225$135$55
39 years$872$557$344$207$122$48
40 years$841$530$322$191$111$43
41 years$811$504$302$176$101$38
42 years$783$480$284$163$91$33
43 years$756$458$266$150$83$29
44 years$731$436$250$139$75$26
45 years$706$416$235$128$68$23
46 years$683$397$220$118$62$20
47 years$661$379$207$109$56$18
48 years$640$361$194$101$51$16
49 years$620$345$183$93$46$14
50 years$600$330$172$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $615,000, adding $2,991 every year, while hoping to spend $42,547 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: 75/13/12 Blend
49$615,000$615,000$615,000$615,000
50$680,815$648,220$638,688$730,034
51$704,989$634,713$614,814$749,412
52$730,202$619,119$588,715$765,011
53$756,516$601,289$560,270$780,928
54$783,997$581,068$529,355$797,181
55$812,715$558,292$495,840$813,791
56$842,749$532,785$459,587$830,779
57$874,181$504,363$420,455$848,174
58$907,102$472,830$378,294$866,003
59$941,608$437,981$332,949$884,300
60$977,807$399,597$284,258$903,104
61$1,015,813$357,447$232,050$922,457
62$1,055,751$311,287$176,148$942,407
63$1,097,756$260,859$116,369$963,008
64$1,141,978$205,891$52,517$984,322
65$1,188,576$146,096$0$1,006,418
66$1,237,725$81,170$0$1,031,373
67$1,289,617$10,791$0$1,064,580
68$1,344,460$0$0$1,099,433
69$1,402,481$0$0$1,145,424
70$1,463,928$0$0$1,195,778
71$1,529,072$0$0$1,249,173
72$1,598,209$0$0$1,305,855
73$1,671,663$0$0$1,366,090
74$1,749,788$0$0$1,430,171
75$1,832,972$0$0$1,498,418
76$1,921,638$0$0$1,571,180
77$2,016,253$0$0$1,648,841
78$2,117,324$0$0$1,731,822
79$2,225,409$0$0$1,820,584
80$2,341,122$0$0$1,915,630
81$2,465,131$0$0$2,017,516
82$2,598,174$0$0$2,126,848
83$2,741,058$0$0$2,244,295
84$2,894,669$0$0$2,370,586
85$3,059,979$0$0$2,506,527
86$3,238,058$0$0$2,652,999
87$3,430,079$0$0$2,810,972
88$3,637,331$0$0$2,981,510
89$3,861,230$0$0$3,165,783
90$4,103,333$0$0$3,365,077
91$4,365,350$0$0$3,580,806
92$4,649,163$0$0$3,814,521
93$4,956,839$0$0$4,067,933
94$5,290,652$0$0$4,342,919
95$5,653,103$0$0$4,641,546
96$6,046,942$0$0$4,966,085
97$6,475,195$0$0$5,319,038
98$6,941,191$0$0$5,703,153
99$7,448,592$0$0$6,121,458
100$8,001,430$0$0$6,577,282