Can I retire at age 50 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$50,869$50,416$49,974$49,542$49,121$48,914
2 years$25,183$24,714$24,259$23,818$23,391$23,182
3 years$16,622$16,151$15,697$15,261$14,840$14,636
4 years$12,342$11,872$11,424$10,994$10,584$10,386
5 years$9,775$9,308$8,865$8,445$8,046$7,854
6 years$8,064$7,601$7,164$6,753$6,366$6,182
7 years$6,842$6,383$5,954$5,552$5,178$5,000
8 years$5,927$5,471$5,049$4,658$4,295$4,124
9 years$5,215$4,764$4,349$3,967$3,617$3,453
10 years$4,646$4,199$3,791$3,420$3,082$2,925
11 years$4,180$3,738$3,338$2,976$2,651$2,501
12 years$3,793$3,355$2,962$2,611$2,297$2,154
13 years$3,465$3,032$2,647$2,305$2,003$1,866
14 years$3,184$2,756$2,378$2,046$1,756$1,625
15 years$2,942$2,518$2,147$1,825$1,546$1,422
16 years$2,729$2,310$1,947$1,634$1,366$1,248
17 years$2,542$2,127$1,771$1,468$1,212$1,099
18 years$2,376$1,966$1,617$1,323$1,077$971
19 years$2,227$1,822$1,480$1,195$960$859
20 years$2,094$1,693$1,359$1,083$858$762
21 years$1,973$1,577$1,250$983$767$677
22 years$1,863$1,472$1,152$893$688$602
23 years$1,764$1,377$1,063$814$618$537
24 years$1,672$1,290$983$742$555$479
25 years$1,588$1,211$911$678$499$428
26 years$1,511$1,138$845$620$450$382
27 years$1,439$1,071$784$567$406$342
28 years$1,373$1,009$729$520$366$306
29 years$1,311$952$679$477$330$274
30 years$1,254$899$632$437$299$246
31 years$1,200$850$589$402$270$220
32 years$1,150$804$550$369$244$198
33 years$1,103$761$513$339$221$178
34 years$1,059$722$480$312$200$159
35 years$1,017$685$448$288$181$143
36 years$978$650$420$265$164$129
37 years$941$617$393$244$149$116
38 years$907$586$368$225$135$104
39 years$873$558$345$207$122$93
40 years$842$531$323$191$111$84
41 years$812$505$303$176$101$76
42 years$784$481$284$163$91$68
43 years$757$458$267$150$83$61
44 years$732$437$250$139$75$55
45 years$708$417$235$128$68$50
46 years$684$397$221$118$62$45
47 years$662$379$207$109$56$40
48 years$641$362$195$101$51$36
49 years$621$346$183$93$46$33
50 years$601$330$172$86$42$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $616,000, adding $3,867 every year, while hoping to spend $48,869 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: 45/25/30 Blend
49$616,000$616,000$616,000$616,000
50$682,821$650,173$640,625$707,472
51$700,472$630,035$610,090$705,295
52$718,286$607,273$576,893$697,979
53$736,228$581,705$540,896$689,125
54$754,257$553,143$501,949$678,619
55$772,327$521,383$459,901$666,337
56$790,387$486,212$414,589$652,146
57$808,375$447,406$365,848$635,908
58$826,226$404,726$313,500$617,471
59$843,862$357,918$257,363$596,676
60$861,199$306,719$197,247$573,350
61$878,138$250,845$132,952$547,310
62$894,572$190,000$64,270$518,360
63$910,378$123,870$0$486,290
64$925,420$52,123$0$453,765
65$939,545$0$0$439,796
66$952,582$0$0$430,648
67$964,341$0$0$435,165
68$974,610$0$0$438,901
69$983,150$0$0$441,737
70$989,700$0$0$443,542
71$993,965$0$0$444,169
72$995,619$0$0$443,454
73$994,301$0$0$441,216
74$989,608$0$0$437,255
75$981,093$0$0$431,348
76$968,263$0$0$423,247
77$950,567$0$0$412,679
78$927,397$0$0$399,340
79$898,081$0$0$382,895
80$861,870$0$0$362,970
81$817,941$0$0$339,156
82$765,377$0$0$310,996
83$703,168$0$0$277,987
84$630,196$0$0$239,573
85$545,222$0$0$195,136
86$446,879$0$0$143,998
87$333,655$0$0$85,406
88$203,881$0$0$18,529
89$55,709$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0