Can I retire at age 50 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$50,951$50,497$50,055$49,622$49,200$47,606
2 years$25,223$24,754$24,298$23,857$23,429$21,838
3 years$16,649$16,177$15,723$15,285$14,864$13,326
4 years$12,362$11,892$11,442$11,012$10,601$9,128
5 years$9,791$9,323$8,880$8,458$8,059$6,654
6 years$8,077$7,613$7,176$6,764$6,377$5,042
7 years$6,854$6,393$5,963$5,561$5,186$3,921
8 years$5,936$5,480$5,057$4,665$4,302$3,106
9 years$5,223$4,772$4,356$3,974$3,623$2,494
10 years$4,653$4,206$3,798$3,425$3,087$2,024
11 years$4,187$3,744$3,343$2,981$2,655$1,656
12 years$3,799$3,361$2,967$2,615$2,301$1,363
13 years$3,471$3,037$2,651$2,309$2,006$1,128
14 years$3,190$2,761$2,382$2,049$1,759$937
15 years$2,946$2,522$2,150$1,828$1,549$781
16 years$2,734$2,314$1,950$1,636$1,369$653
17 years$2,546$2,131$1,774$1,470$1,213$547
18 years$2,380$1,969$1,620$1,325$1,079$459
19 years$2,231$1,825$1,483$1,197$962$386
20 years$2,097$1,696$1,361$1,084$859$325
21 years$1,976$1,580$1,252$984$769$274
22 years$1,866$1,474$1,154$895$689$231
23 years$1,766$1,379$1,065$815$619$195
24 years$1,675$1,292$985$743$556$164
25 years$1,591$1,213$912$679$500$139
26 years$1,513$1,140$846$621$451$117
27 years$1,442$1,072$786$568$406$99
28 years$1,375$1,011$730$520$367$84
29 years$1,313$953$680$477$331$71
30 years$1,256$900$633$438$299$60
31 years$1,202$851$590$402$270$51
32 years$1,152$805$551$370$245$43
33 years$1,105$763$514$340$221$37
34 years$1,061$723$480$313$200$31
35 years$1,019$686$449$288$182$26
36 years$980$651$420$265$164$22
37 years$943$618$393$244$149$19
38 years$908$587$368$225$135$16
39 years$875$559$345$208$123$13
40 years$844$531$323$192$111$11
41 years$814$506$303$177$101$10
42 years$786$482$284$163$92$8
43 years$759$459$267$151$83$7
44 years$733$438$251$139$75$6
45 years$709$417$235$128$68$5
46 years$685$398$221$119$62$4
47 years$663$380$208$110$56$4
48 years$642$363$195$101$51$3
49 years$622$346$183$94$47$3
50 years$602$331$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $617,000, adding $3,176 every year, while hoping to spend $30,529 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: 37/38/25 Blend
49$617,000$617,000$617,000$617,000
50$683,210$650,509$640,946$703,270
51$720,415$649,901$629,935$717,668
52$760,391$648,241$617,532$730,167
53$803,390$645,443$603,658$743,068
54$849,686$641,420$588,230$756,426
55$899,581$636,077$571,163$770,303
56$953,407$629,313$552,366$784,772
57$1,011,528$621,023$531,744$799,915
58$1,074,346$611,095$509,199$815,825
59$1,142,299$599,409$484,627$832,608
60$1,215,872$585,839$457,921$850,382
61$1,295,597$570,251$428,967$869,282
62$1,382,059$552,504$397,649$889,460
63$1,475,901$532,449$363,842$911,087
64$1,577,830$509,926$327,417$934,354
65$1,688,625$484,768$288,242$959,479
66$1,809,141$456,798$246,174$986,701
67$1,940,320$425,828$201,068$1,016,294
68$2,083,199$391,660$152,770$1,048,562
69$2,238,918$354,084$101,121$1,083,843
70$2,408,733$312,879$45,953$1,122,520
71$2,594,023$267,810$0$1,165,017
72$2,796,311$218,630$0$1,215,254
73$3,017,270$165,078$0$1,283,621
74$3,258,742$106,878$0$1,358,487
75$3,522,757$43,737$0$1,440,563
76$3,811,547$0$0$1,530,636
77$4,127,571$0$0$1,639,887
78$4,473,539$0$0$1,779,595
79$4,852,431$0$0$1,932,684
80$5,267,532$0$0$2,100,493
81$5,722,458$0$0$2,284,495
82$6,221,192$0$0$2,486,313
83$6,768,121$0$0$2,707,732
84$7,368,076$0$0$2,950,723
85$8,026,380$0$0$3,217,453
86$8,748,893$0$0$3,510,311
87$9,542,073$0$0$3,831,928
88$10,413,032$0$0$4,185,202
89$11,369,605$0$0$4,573,326
90$12,420,424$0$0$4,999,818
91$13,574,997$0$0$5,468,552
92$14,843,798$0$0$5,983,798
93$16,238,368$0$0$6,550,259
94$17,771,420$0$0$7,173,116
95$19,456,961$0$0$7,858,079
96$21,310,421$0$0$8,611,437
97$23,348,803$0$0$9,440,120
98$25,590,839$0$0$10,351,764
99$28,057,167$0$0$11,354,781
100$30,770,527$0$0$12,458,441