Can I retire at age 50 with 619,000?

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 $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%13.9%
1 years$51,116$50,661$50,217$49,783$49,360$48,562
2 years$25,305$24,834$24,377$23,934$23,505$22,703
3 years$16,703$16,229$15,774$15,335$14,912$14,132
4 years$12,402$11,930$11,479$11,048$10,636$9,882
5 years$9,822$9,353$8,908$8,486$8,085$7,361
6 years$8,103$7,638$7,199$6,786$6,397$5,704
7 years$6,876$6,414$5,983$5,579$5,203$4,540
8 years$5,956$5,498$5,074$4,680$4,316$3,683
9 years$5,240$4,787$4,370$3,987$3,635$3,032
10 years$4,668$4,220$3,810$3,437$3,097$2,524
11 years$4,201$3,756$3,354$2,991$2,664$2,119
12 years$3,811$3,372$2,977$2,623$2,308$1,792
13 years$3,482$3,047$2,659$2,316$2,013$1,524
14 years$3,200$2,770$2,390$2,056$1,764$1,302
15 years$2,956$2,530$2,157$1,833$1,554$1,117
16 years$2,742$2,321$1,956$1,642$1,373$961
17 years$2,554$2,138$1,780$1,475$1,217$829
18 years$2,387$1,975$1,625$1,329$1,082$717
19 years$2,238$1,831$1,487$1,201$965$622
20 years$2,104$1,701$1,365$1,088$862$540
21 years$1,983$1,585$1,256$987$771$469
22 years$1,872$1,479$1,157$898$691$409
23 years$1,772$1,384$1,069$818$621$356
24 years$1,680$1,296$988$746$558$311
25 years$1,596$1,216$915$681$502$271
26 years$1,518$1,143$849$623$452$237
27 years$1,446$1,076$788$570$408$207
28 years$1,380$1,014$733$522$368$181
29 years$1,318$956$682$479$332$159
30 years$1,260$903$635$439$300$139
31 years$1,206$854$592$404$271$122
32 years$1,156$808$553$371$245$107
33 years$1,109$765$516$341$222$93
34 years$1,064$725$482$314$201$82
35 years$1,022$688$451$289$182$72
36 years$983$653$422$266$165$63
37 years$946$620$395$245$150$55
38 years$911$589$370$226$136$48
39 years$878$560$346$208$123$42
40 years$846$533$324$192$112$37
41 years$816$507$304$177$101$33
42 years$788$483$285$164$92$29
43 years$761$461$268$151$83$25
44 years$735$439$251$139$76$22
45 years$711$419$236$129$69$19
46 years$688$399$222$119$62$17
47 years$665$381$208$110$57$15
48 years$644$364$196$102$51$13
49 years$624$347$184$94$47$11
50 years$604$332$173$87$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $619,000, adding $6,100 every year, while hoping to spend $20,355 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: 46/37/17 Blend
49$619,000$619,000$619,000$619,000
50$688,430$655,623$646,029$716,505
51$736,992$666,091$646,013$747,160
52$789,826$676,390$645,315$777,865
53$847,345$686,489$643,889$810,741
54$910,004$696,358$641,690$846,000
55$978,307$705,962$638,669$883,874
56$1,052,804$715,263$634,774$924,618
57$1,134,103$724,224$629,952$968,517
58$1,222,872$732,802$624,146$1,015,884
59$1,319,849$740,953$617,299$1,067,064
60$1,425,843$748,629$609,347$1,122,438
61$1,541,746$755,779$600,228$1,182,429
62$1,668,541$762,350$589,873$1,247,501
63$1,807,310$768,282$578,211$1,318,167
64$1,959,243$773,516$565,169$1,394,995
65$2,125,653$777,985$550,669$1,478,610
66$2,307,983$781,620$534,630$1,569,704
67$2,507,825$784,346$516,967$1,669,040
68$2,726,930$786,086$497,592$1,777,459
69$2,967,227$786,755$476,412$1,895,891
70$3,230,843$786,265$453,331$2,025,362
71$3,520,118$784,521$428,246$2,167,004
72$3,837,630$781,422$401,053$2,322,067
73$4,186,220$776,864$371,640$2,491,930
74$4,569,017$770,732$339,892$2,678,114
75$4,989,467$762,908$305,688$2,882,301
76$5,451,366$753,264$268,902$3,106,342
77$5,958,898$741,667$229,403$3,352,284
78$6,516,670$727,973$187,052$3,622,382
79$7,129,758$712,032$141,707$3,919,126
80$7,803,756$693,684$93,217$4,245,263
81$8,544,825$672,760$41,425$4,603,824
82$9,359,753$649,081$0$4,998,151
83$10,256,019$622,457$0$5,434,443
84$11,241,864$592,689$0$5,922,441
85$12,326,366$559,563$0$6,459,140
86$13,519,530$522,856$0$7,049,526
87$14,832,376$482,330$0$7,699,093
88$16,277,049$437,735$0$8,413,899
89$17,866,930$388,805$0$9,200,625
90$19,616,761$335,261$0$10,066,634
91$21,542,788$276,807$0$11,020,048
92$23,662,912$213,129$0$12,069,819
93$25,996,855$143,898$0$13,225,815
94$28,566,350$68,765$0$14,498,919
95$31,395,345$0$0$15,901,126
96$34,510,227$0$0$17,450,808
97$37,940,073$0$0$19,188,107
98$41,716,922$0$0$21,101,266
99$45,876,078$0$0$23,208,181
100$50,456,446$0$0$25,528,570