Can I retire at age 50 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$51,034$50,579$50,136$49,703$49,280$47,494
2 years$25,264$24,794$24,338$23,896$23,467$21,687
3 years$16,676$16,203$15,748$15,310$14,888$13,170
4 years$12,382$11,911$11,461$11,030$10,618$8,976
5 years$9,807$9,338$8,894$8,472$8,072$6,509
6 years$8,090$7,625$7,188$6,775$6,387$4,905
7 years$6,865$6,404$5,973$5,570$5,194$3,793
8 years$5,946$5,489$5,066$4,673$4,309$2,987
9 years$5,232$4,779$4,363$3,980$3,629$2,384
10 years$4,661$4,213$3,804$3,431$3,092$1,922
11 years$4,194$3,750$3,349$2,986$2,659$1,562
12 years$3,805$3,366$2,972$2,619$2,305$1,277
13 years$3,476$3,042$2,655$2,312$2,010$1,050
14 years$3,195$2,765$2,386$2,053$1,762$866
15 years$2,951$2,526$2,154$1,831$1,551$717
16 years$2,738$2,318$1,953$1,639$1,371$595
17 years$2,550$2,134$1,777$1,473$1,215$495
18 years$2,383$1,972$1,622$1,327$1,081$412
19 years$2,234$1,828$1,485$1,199$963$344
20 years$2,100$1,699$1,363$1,086$860$287
21 years$1,979$1,582$1,254$986$770$240
22 years$1,869$1,477$1,155$896$690$201
23 years$1,769$1,381$1,067$816$620$168
24 years$1,678$1,294$987$744$557$141
25 years$1,593$1,215$914$680$501$118
26 years$1,516$1,141$848$622$451$99
27 years$1,444$1,074$787$569$407$83
28 years$1,377$1,012$732$521$367$70
29 years$1,316$955$681$478$332$59
30 years$1,258$902$634$439$300$49
31 years$1,204$853$591$403$271$41
32 years$1,154$807$552$370$245$35
33 years$1,107$764$515$341$222$29
34 years$1,062$724$481$313$201$24
35 years$1,021$687$450$288$182$21
36 years$982$652$421$266$165$17
37 years$944$619$394$245$149$14
38 years$909$588$369$226$135$12
39 years$876$559$346$208$123$10
40 years$845$532$324$192$111$9
41 years$815$507$304$177$101$7
42 years$787$483$285$163$92$6
43 years$760$460$267$151$83$5
44 years$734$438$251$139$76$4
45 years$710$418$236$129$69$4
46 years$687$399$221$119$62$3
47 years$664$380$208$110$57$3
48 years$643$363$195$101$51$2
49 years$623$347$184$94$47$2
50 years$603$331$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $618,000, adding $4,618 every year, while hoping to spend $45,723 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: 57/27/16 Blend
49$618,000$618,000$618,000$618,000
50$685,799$653,045$643,466$721,778
51$707,102$636,396$616,374$730,062
52$729,045$617,398$586,841$733,698
53$751,646$595,888$554,738$736,615
54$774,921$571,694$519,929$738,752
55$798,888$544,633$482,272$740,045
56$823,566$514,510$441,619$740,425
57$848,971$481,123$397,815$739,820
58$875,121$444,253$350,697$738,153
59$902,035$403,673$300,096$735,344
60$929,730$359,140$245,837$731,306
61$958,224$310,400$187,734$725,947
62$987,534$257,181$125,595$719,170
63$1,017,679$199,199$59,219$710,873
64$1,048,676$136,153$0$700,945
65$1,080,540$67,724$0$691,256
66$1,113,289$0$0$690,616
67$1,146,938$0$0$690,724
68$1,181,503$0$0$711,499
69$1,216,996$0$0$732,829
70$1,253,432$0$0$754,719
71$1,290,822$0$0$777,178
72$1,329,176$0$0$800,210
73$1,368,503$0$0$823,820
74$1,408,809$0$0$848,011
75$1,450,099$0$0$872,784
76$1,492,376$0$0$898,140
77$1,535,636$0$0$924,076
78$1,579,877$0$0$950,589
79$1,625,091$0$0$977,673
80$1,671,264$0$0$1,005,318
81$1,718,380$0$0$1,033,513
82$1,766,415$0$0$1,062,241
83$1,815,343$0$0$1,091,484
84$1,865,127$0$0$1,121,218
85$1,915,724$0$0$1,151,415
86$1,967,084$0$0$1,182,040
87$2,019,145$0$0$1,213,054
88$2,071,835$0$0$1,244,411
89$2,125,073$0$0$1,276,056
90$2,178,760$0$0$1,307,928
91$2,232,788$0$0$1,339,954
92$2,287,027$0$0$1,372,054
93$2,341,334$0$0$1,404,133
94$2,395,542$0$0$1,436,087
95$2,449,464$0$0$1,467,796
96$2,502,888$0$0$1,499,123
97$2,555,574$0$0$1,529,916
98$2,607,252$0$0$1,560,004
99$2,657,618$0$0$1,589,193
100$2,706,330$0$0$1,617,266