Can I retire at age 50 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,199$50,743$50,298$49,864$49,440$49,128
2 years$25,346$24,874$24,417$23,973$23,543$23,228
3 years$16,730$16,255$15,799$15,360$14,936$14,629
4 years$12,422$11,949$11,498$11,066$10,653$10,355
5 years$9,838$9,369$8,923$8,500$8,098$7,810
6 years$8,116$7,650$7,211$6,797$6,408$6,131
7 years$6,887$6,425$5,992$5,588$5,211$4,945
8 years$5,965$5,507$5,082$4,688$4,323$4,068
9 years$5,249$4,795$4,377$3,993$3,641$3,396
10 years$4,676$4,226$3,816$3,442$3,102$2,868
11 years$4,207$3,763$3,360$2,996$2,668$2,444
12 years$3,817$3,377$2,982$2,628$2,312$2,098
13 years$3,488$3,052$2,664$2,320$2,016$1,813
14 years$3,205$2,774$2,393$2,059$1,767$1,574
15 years$2,961$2,534$2,161$1,836$1,556$1,372
16 years$2,747$2,325$1,959$1,644$1,375$1,200
17 years$2,558$2,141$1,783$1,477$1,219$1,053
18 years$2,391$1,979$1,627$1,331$1,084$927
19 years$2,242$1,834$1,490$1,203$966$818
20 years$2,107$1,704$1,367$1,090$863$722
21 years$1,986$1,587$1,258$989$772$639
22 years$1,875$1,482$1,159$899$692$567
23 years$1,775$1,386$1,070$819$622$503
24 years$1,683$1,298$990$747$559$447
25 years$1,598$1,218$917$682$503$398
26 years$1,521$1,145$850$624$453$354
27 years$1,449$1,078$790$571$408$316
28 years$1,382$1,016$734$523$368$281
29 years$1,320$958$683$480$333$251
30 years$1,262$905$636$440$301$224
31 years$1,208$855$593$404$272$200
32 years$1,158$809$553$372$246$179
33 years$1,110$766$517$342$222$160
34 years$1,066$726$483$314$201$143
35 years$1,024$689$451$289$182$128
36 years$985$654$422$267$165$115
37 years$948$621$395$246$150$102
38 years$912$590$370$226$136$92
39 years$879$561$347$209$123$82
40 years$848$534$325$192$112$74
41 years$818$508$305$178$101$66
42 years$789$484$286$164$92$59
43 years$762$461$268$151$83$53
44 years$737$440$252$140$76$47
45 years$712$419$236$129$69$42
46 years$689$400$222$119$62$38
47 years$667$382$209$110$57$34
48 years$645$364$196$102$51$31
49 years$625$348$184$94$47$27
50 years$605$332$173$87$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $620,000, adding $4,503 every year, while hoping to spend $33,729 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: 39/50/11 Blend
49$620,000$620,000$620,000$620,000
50$687,885$655,025$645,415$712,258
51$722,162$651,234$631,149$726,134
52$758,804$646,126$615,274$737,476
53$798,018$639,603$597,702$748,989
54$840,030$631,556$578,339$760,705
55$885,085$621,875$557,086$772,659
56$933,457$610,440$533,841$784,895
57$985,442$597,124$508,497$797,462
58$1,041,368$581,795$480,943$810,417
59$1,101,595$564,309$451,061$823,828
60$1,166,515$544,518$418,729$837,772
61$1,236,563$522,263$383,820$852,337
62$1,312,214$497,375$346,200$867,625
63$1,393,992$469,679$305,730$883,752
64$1,482,471$438,984$262,263$900,849
65$1,578,282$405,095$215,649$919,068
66$1,682,122$367,799$165,728$938,578
67$1,794,753$326,876$112,334$959,572
68$1,917,016$282,090$55,295$982,270
69$2,049,834$233,195$0$1,006,918
70$2,194,224$179,929$0$1,034,449
71$2,351,304$122,015$0$1,071,489
72$2,522,304$59,161$0$1,111,919
73$2,708,578$0$0$1,156,157
74$2,911,615$0$0$1,209,593
75$3,133,056$0$0$1,303,448
76$3,374,703$0$0$1,405,946
77$3,638,544$0$0$1,517,940
78$3,926,764$0$0$1,640,367
79$4,241,772$0$0$1,774,262
80$4,586,216$0$0$1,920,761
81$4,963,015$0$0$2,081,117
82$5,375,381$0$0$2,256,709
83$5,826,851$0$0$2,449,056
84$6,321,322$0$0$2,659,831
85$6,863,083$0$0$2,890,875
86$7,456,859$0$0$3,144,218
87$8,107,852$0$0$3,422,093
88$8,821,795$0$0$3,726,963
89$9,604,998$0$0$4,061,537
90$10,464,414$0$0$4,428,802
91$11,407,702$0$0$4,832,048
92$12,443,296$0$0$5,274,897
93$13,580,489$0$0$5,761,340
94$14,829,517$0$0$6,295,776
95$16,201,657$0$0$6,883,048
96$17,709,329$0$0$7,528,493
97$19,366,220$0$0$8,237,989
98$21,187,406$0$0$9,018,013
99$23,189,497$0$0$9,875,703
100$25,390,791$0$0$10,818,919