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%11.6%
1 years$51,116$50,661$50,217$49,783$49,360$49,028
2 years$25,305$24,834$24,377$23,934$23,505$23,170
3 years$16,703$16,229$15,774$15,335$14,912$14,585
4 years$12,402$11,930$11,479$11,048$10,636$10,319
5 years$9,822$9,353$8,908$8,486$8,085$7,779
6 years$8,103$7,638$7,199$6,786$6,397$6,103
7 years$6,876$6,414$5,983$5,579$5,203$4,920
8 years$5,956$5,498$5,074$4,680$4,316$4,045
9 years$5,240$4,787$4,370$3,987$3,635$3,375
10 years$4,668$4,220$3,810$3,437$3,097$2,848
11 years$4,201$3,756$3,354$2,991$2,664$2,426
12 years$3,811$3,372$2,977$2,623$2,308$2,082
13 years$3,482$3,047$2,659$2,316$2,013$1,797
14 years$3,200$2,770$2,390$2,056$1,764$1,559
15 years$2,956$2,530$2,157$1,833$1,554$1,358
16 years$2,742$2,321$1,956$1,642$1,373$1,187
17 years$2,554$2,138$1,780$1,475$1,217$1,041
18 years$2,387$1,975$1,625$1,329$1,082$916
19 years$2,238$1,831$1,487$1,201$965$807
20 years$2,104$1,701$1,365$1,088$862$713
21 years$1,983$1,585$1,256$987$771$630
22 years$1,872$1,479$1,157$898$691$558
23 years$1,772$1,384$1,069$818$621$495
24 years$1,680$1,296$988$746$558$440
25 years$1,596$1,216$915$681$502$391
26 years$1,518$1,143$849$623$452$348
27 years$1,446$1,076$788$570$408$310
28 years$1,380$1,014$733$522$368$276
29 years$1,318$956$682$479$332$246
30 years$1,260$903$635$439$300$219
31 years$1,206$854$592$404$271$196
32 years$1,156$808$553$371$245$175
33 years$1,109$765$516$341$222$156
34 years$1,064$725$482$314$201$140
35 years$1,022$688$451$289$182$125
36 years$983$653$422$266$165$112
37 years$946$620$395$245$150$100
38 years$911$589$370$226$136$89
39 years$878$560$346$208$123$80
40 years$846$533$324$192$112$71
41 years$816$507$304$177$101$64
42 years$788$483$285$164$92$57
43 years$761$461$268$151$83$51
44 years$735$439$251$139$76$46
45 years$711$419$236$129$69$41
46 years$688$399$222$119$62$37
47 years$665$381$208$110$57$33
48 years$644$364$196$102$51$29
49 years$624$347$184$94$47$26
50 years$604$332$173$87$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $619,000, adding $3,466 every year, while hoping to spend $34,276 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: 70/23/7 Blend
49$619,000$619,000$619,000$619,000
50$685,713$652,906$643,312$732,722
51$719,187$648,429$628,393$759,789
52$754,925$642,584$611,826$784,846
53$793,125$635,267$593,519$811,324
54$833,998$626,370$573,377$839,354
55$877,779$615,776$551,299$869,081
56$924,726$603,362$527,180$900,666
57$975,120$588,999$500,913$934,288
58$1,029,270$572,548$472,381$970,144
59$1,087,516$553,863$441,467$1,008,452
60$1,150,231$532,791$408,044$1,049,454
61$1,217,825$509,167$371,983$1,093,416
62$1,290,746$482,820$333,148$1,140,634
63$1,369,490$453,565$291,396$1,191,435
64$1,454,598$421,211$246,578$1,246,181
65$1,546,668$385,551$198,540$1,305,272
66$1,646,357$346,371$147,119$1,369,149
67$1,754,384$303,442$92,146$1,438,302
68$1,871,543$256,523$33,445$1,513,272
69$1,998,705$205,358$0$1,594,656
70$2,136,831$149,678$0$1,685,297
71$2,286,975$89,199$0$1,786,553
72$2,450,297$23,621$0$1,896,745
73$2,628,075$0$0$2,016,781
74$2,821,713$0$0$2,159,656
75$3,032,758$0$0$2,321,920
76$3,262,912$0$0$2,498,908
77$3,514,046$0$0$2,692,063
78$3,788,223$0$0$2,902,975
79$4,087,713$0$0$3,133,394
80$4,415,012$0$0$3,385,247
81$4,772,873$0$0$3,660,655
82$5,164,322$0$0$3,961,953
83$5,592,694$0$0$4,291,713
84$6,061,661$0$0$4,652,765
85$6,575,266$0$0$5,048,229
86$7,137,961$0$0$5,481,539
87$7,754,650$0$0$5,956,474
88$8,430,732$0$0$6,477,202
89$9,172,155$0$0$7,048,309
90$9,985,471$0$0$7,674,847
91$10,877,894$0$0$8,362,382
92$11,857,372$0$0$9,117,043
93$12,932,660$0$0$9,945,584
94$14,113,401$0$0$10,855,441
95$15,410,218$0$0$11,854,810
96$16,834,814$0$0$12,952,715
97$18,400,081$0$0$14,159,101
98$20,120,220$0$0$15,484,923
99$22,010,879$0$0$16,942,249
100$24,089,294$0$0$18,544,375