Can I retire at age 50 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$51,116$50,661$50,217$49,783$49,360$47,818
2 years$25,305$24,834$24,377$23,934$23,505$21,965
3 years$16,703$16,229$15,774$15,335$14,912$13,423
4 years$12,402$11,930$11,479$11,048$10,636$9,208
5 years$9,822$9,353$8,908$8,486$8,085$6,724
6 years$8,103$7,638$7,199$6,786$6,397$5,103
7 years$6,876$6,414$5,983$5,579$5,203$3,975
8 years$5,956$5,498$5,074$4,680$4,316$3,155
9 years$5,240$4,787$4,370$3,987$3,635$2,538
10 years$4,668$4,220$3,810$3,437$3,097$2,063
11 years$4,201$3,756$3,354$2,991$2,664$1,691
12 years$3,811$3,372$2,977$2,623$2,308$1,395
13 years$3,482$3,047$2,659$2,316$2,013$1,156
14 years$3,200$2,770$2,390$2,056$1,764$963
15 years$2,956$2,530$2,157$1,833$1,554$804
16 years$2,742$2,321$1,956$1,642$1,373$674
17 years$2,554$2,138$1,780$1,475$1,217$566
18 years$2,387$1,975$1,625$1,329$1,082$476
19 years$2,238$1,831$1,487$1,201$965$401
20 years$2,104$1,701$1,365$1,088$862$338
21 years$1,983$1,585$1,256$987$771$286
22 years$1,872$1,479$1,157$898$691$241
23 years$1,772$1,384$1,069$818$621$204
24 years$1,680$1,296$988$746$558$173
25 years$1,596$1,216$915$681$502$146
26 years$1,518$1,143$849$623$452$124
27 years$1,446$1,076$788$570$408$105
28 years$1,380$1,014$733$522$368$89
29 years$1,318$956$682$479$332$76
30 years$1,260$903$635$439$300$64
31 years$1,206$854$592$404$271$54
32 years$1,156$808$553$371$245$46
33 years$1,109$765$516$341$222$39
34 years$1,064$725$482$314$201$33
35 years$1,022$688$451$289$182$28
36 years$983$653$422$266$165$24
37 years$946$620$395$245$150$20
38 years$911$589$370$226$136$17
39 years$878$560$346$208$123$15
40 years$846$533$324$192$112$13
41 years$816$507$304$177$101$11
42 years$788$483$285$164$92$9
43 years$761$461$268$151$83$8
44 years$735$439$251$139$76$7
45 years$711$419$236$129$69$6
46 years$688$399$222$119$62$5
47 years$665$381$208$110$57$4
48 years$644$364$196$102$51$3
49 years$624$347$184$94$47$3
50 years$604$332$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 $619,000, adding $4,958 every year, while hoping to spend $49,173 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: 39/49/12 Blend
49$619,000$619,000$619,000$619,000
50$687,252$654,445$644,851$711,386
51$705,032$634,193$614,133$708,703
52$722,978$611,301$580,739$700,619
53$741,054$585,587$544,526$690,795
54$759,220$556,859$505,347$679,096
55$777,430$524,916$463,046$665,379
56$795,632$489,541$417,462$649,492
57$813,767$450,508$368,427$631,272
58$831,765$407,577$315,763$610,544
59$849,552$360,495$259,288$587,123
60$867,041$308,994$198,809$560,810
61$884,135$252,791$134,125$531,393
62$900,726$191,587$65,027$498,646
63$916,691$125,065$0$462,328
64$931,892$52,892$0$423,295
65$946,178$0$0$389,113
66$959,377$0$0$364,815
67$971,298$0$0$368,442
68$981,728$0$0$371,381
69$990,430$0$0$373,529
70$997,138$0$0$374,770
71$1,001,561$0$0$374,976
72$1,003,369$0$0$374,006
73$1,002,202$0$0$371,702
74$997,654$0$0$367,888
75$989,280$0$0$362,371
76$976,581$0$0$354,936
77$959,010$0$0$345,343
78$935,954$0$0$333,329
79$906,740$0$0$318,602
80$870,618$0$0$300,838
81$826,760$0$0$279,679
82$774,250$0$0$254,729
83$712,073$0$0$225,548
84$639,109$0$0$191,654
85$554,116$0$0$152,511
86$455,722$0$0$107,526
87$342,413$0$0$56,045
88$212,513$0$0$0
89$64,170$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