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%16.4%
1 years$51,116$50,661$50,217$49,783$49,360$48,069
2 years$25,305$24,834$24,377$23,934$23,505$22,213
3 years$16,703$16,229$15,774$15,335$14,912$13,660
4 years$12,402$11,930$11,479$11,048$10,636$9,433
5 years$9,822$9,353$8,908$8,486$8,085$6,935
6 years$8,103$7,638$7,199$6,786$6,397$5,301
7 years$6,876$6,414$5,983$5,579$5,203$4,160
8 years$5,956$5,498$5,074$4,680$4,316$3,326
9 years$5,240$4,787$4,370$3,987$3,635$2,697
10 years$4,668$4,220$3,810$3,437$3,097$2,211
11 years$4,201$3,756$3,354$2,991$2,664$1,827
12 years$3,811$3,372$2,977$2,623$2,308$1,520
13 years$3,482$3,047$2,659$2,316$2,013$1,271
14 years$3,200$2,770$2,390$2,056$1,764$1,068
15 years$2,956$2,530$2,157$1,833$1,554$900
16 years$2,742$2,321$1,956$1,642$1,373$761
17 years$2,554$2,138$1,780$1,475$1,217$645
18 years$2,387$1,975$1,625$1,329$1,082$548
19 years$2,238$1,831$1,487$1,201$965$466
20 years$2,104$1,701$1,365$1,088$862$397
21 years$1,983$1,585$1,256$987$771$339
22 years$1,872$1,479$1,157$898$691$289
23 years$1,772$1,384$1,069$818$621$247
24 years$1,680$1,296$988$746$558$212
25 years$1,596$1,216$915$681$502$181
26 years$1,518$1,143$849$623$452$155
27 years$1,446$1,076$788$570$408$133
28 years$1,380$1,014$733$522$368$114
29 years$1,318$956$682$479$332$98
30 years$1,260$903$635$439$300$84
31 years$1,206$854$592$404$271$72
32 years$1,156$808$553$371$245$62
33 years$1,109$765$516$341$222$53
34 years$1,064$725$482$314$201$45
35 years$1,022$688$451$289$182$39
36 years$983$653$422$266$165$33
37 years$946$620$395$245$150$29
38 years$911$589$370$226$136$25
39 years$878$560$346$208$123$21
40 years$846$533$324$192$112$18
41 years$816$507$304$177$101$16
42 years$788$483$285$164$92$13
43 years$761$461$268$151$83$12
44 years$735$439$251$139$76$10
45 years$711$419$236$129$69$8
46 years$688$399$222$119$62$7
47 years$665$381$208$110$57$6
48 years$644$364$196$102$51$5
49 years$624$347$184$94$47$5
50 years$604$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $619,000, adding $3,637 every year, while hoping to spend $24,838 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: 51/39/10 Blend
49$619,000$619,000$619,000$619,000
50$685,890$653,083$643,488$718,891
51$729,423$658,656$638,617$747,382
52$776,564$663,670$632,751$775,384
53$827,655$668,072$625,830$805,247
54$883,072$671,803$617,791$837,154
55$943,227$674,803$608,569$871,305
56$1,008,576$677,008$598,096$907,922
57$1,079,618$678,349$586,299$947,251
58$1,156,904$678,753$573,105$989,564
59$1,241,038$678,142$558,435$1,035,160
60$1,332,688$676,435$542,206$1,084,373
61$1,432,585$673,543$524,333$1,137,569
62$1,541,537$669,375$504,726$1,195,154
63$1,660,430$663,831$483,291$1,257,579
64$1,790,244$656,808$459,931$1,325,339
65$1,932,052$648,195$434,542$1,398,983
66$2,087,039$637,875$407,017$1,479,118
67$2,256,510$625,724$377,245$1,566,415
68$2,441,899$611,610$345,108$1,661,614
69$2,644,788$595,393$310,484$1,765,534
70$2,866,917$576,928$273,245$1,879,080
71$3,110,202$556,057$233,259$2,003,251
72$3,376,754$532,615$190,384$2,139,153
73$3,668,898$506,428$144,477$2,288,005
74$3,989,193$477,311$95,385$2,451,154
75$4,340,460$445,068$42,949$2,630,089
76$4,725,803$409,493$0$2,826,455
77$5,148,644$370,367$0$3,043,453
78$5,612,751$327,460$0$3,286,683
79$6,122,272$280,527$0$3,553,788
80$6,681,782$229,310$0$3,847,233
81$7,296,315$173,538$0$4,169,736
82$7,971,419$112,921$0$4,524,299
83$8,713,207$47,158$0$4,914,231
84$9,528,411$0$0$5,343,186
85$10,424,450$0$0$5,825,525
86$11,409,495$0$0$6,378,093
87$12,492,550$0$0$6,985,712
88$13,683,534$0$0$7,653,955
89$14,993,375$0$0$8,388,964
90$16,434,116$0$0$9,197,504
91$18,019,021$0$0$10,087,030
92$19,762,709$0$0$11,065,757
93$21,681,283$0$0$12,142,734
94$23,792,490$0$0$13,327,933
95$26,115,881$0$0$14,632,341
96$28,672,999$0$0$16,068,066
97$31,487,583$0$0$17,648,446
98$34,585,786$0$0$19,388,180
99$37,996,431$0$0$21,303,464
100$41,751,272$0$0$23,412,144