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%11.7%
1 years$51,199$50,743$50,298$49,864$49,440$49,087
2 years$25,346$24,874$24,417$23,973$23,543$23,187
3 years$16,730$16,255$15,799$15,360$14,936$14,589
4 years$12,422$11,949$11,498$11,066$10,653$10,316
5 years$9,838$9,369$8,923$8,500$8,098$7,773
6 years$8,116$7,650$7,211$6,797$6,408$6,095
7 years$6,887$6,425$5,992$5,588$5,211$4,911
8 years$5,965$5,507$5,082$4,688$4,323$4,035
9 years$5,249$4,795$4,377$3,993$3,641$3,365
10 years$4,676$4,226$3,816$3,442$3,102$2,838
11 years$4,207$3,763$3,360$2,996$2,668$2,416
12 years$3,817$3,377$2,982$2,628$2,312$2,071
13 years$3,488$3,052$2,664$2,320$2,016$1,787
14 years$3,205$2,774$2,393$2,059$1,767$1,549
15 years$2,961$2,534$2,161$1,836$1,556$1,349
16 years$2,747$2,325$1,959$1,644$1,375$1,179
17 years$2,558$2,141$1,783$1,477$1,219$1,033
18 years$2,391$1,979$1,627$1,331$1,084$908
19 years$2,242$1,834$1,490$1,203$966$799
20 years$2,107$1,704$1,367$1,090$863$705
21 years$1,986$1,587$1,258$989$772$623
22 years$1,875$1,482$1,159$899$692$552
23 years$1,775$1,386$1,070$819$622$489
24 years$1,683$1,298$990$747$559$434
25 years$1,598$1,218$917$682$503$386
26 years$1,521$1,145$850$624$453$343
27 years$1,449$1,078$790$571$408$305
28 years$1,382$1,016$734$523$368$271
29 years$1,320$958$683$480$333$242
30 years$1,262$905$636$440$301$216
31 years$1,208$855$593$404$272$192
32 years$1,158$809$553$372$246$171
33 years$1,110$766$517$342$222$153
34 years$1,066$726$483$314$201$137
35 years$1,024$689$451$289$182$122
36 years$985$654$422$267$165$109
37 years$948$621$395$246$150$97
38 years$912$590$370$226$136$87
39 years$879$561$347$209$123$78
40 years$848$534$325$192$112$70
41 years$818$508$305$178$101$62
42 years$789$484$286$164$92$56
43 years$762$461$268$151$83$50
44 years$737$440$252$140$76$44
45 years$712$419$236$129$69$40
46 years$689$400$222$119$62$36
47 years$667$382$209$110$57$32
48 years$645$364$196$102$51$28
49 years$625$348$184$94$47$25
50 years$605$332$173$87$42$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $620,000, adding $4,234 every year, while hoping to spend $34,942 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: 40/38/22 Blend
49$620,000$620,000$620,000$620,000
50$687,607$654,747$645,137$710,486
51$720,565$649,652$629,571$722,218
52$755,714$643,136$612,313$731,268
53$793,240$635,092$593,268$740,354
54$833,347$625,409$572,340$749,498
55$876,260$613,965$549,425$758,728
56$922,224$600,635$524,416$768,078
57$971,509$585,285$497,202$777,587
58$1,024,410$567,771$467,666$787,303
59$1,081,253$547,944$435,685$797,282
60$1,142,392$525,645$401,132$807,587
61$1,208,220$500,705$363,874$818,294
62$1,279,165$472,946$323,770$829,490
63$1,355,699$442,180$280,676$841,274
64$1,438,340$408,207$234,438$853,760
65$1,527,658$370,817$184,899$867,080
66$1,624,279$329,786$131,893$881,384
67$1,728,890$284,880$75,246$896,841
68$1,842,248$235,851$14,778$913,645
69$1,965,184$182,435$0$932,015
70$2,098,614$124,354$0$963,877
71$2,243,541$61,317$0$1,002,294
72$2,401,074$0$0$1,044,158
73$2,572,429$0$0$1,092,795
74$2,758,946$0$0$1,173,716
75$2,962,097$0$0$1,261,928
76$3,183,504$0$0$1,358,146
77$3,424,952$0$0$1,463,154
78$3,688,404$0$0$1,577,818
79$3,976,024$0$0$1,703,087
80$4,290,189$0$0$1,840,011
81$4,633,520$0$0$1,989,741
82$5,008,902$0$0$2,153,549
83$5,419,510$0$0$2,332,832
84$5,868,841$0$0$2,529,130
85$6,360,744$0$0$2,744,139
86$6,899,459$0$0$2,979,725
87$7,489,657$0$0$3,237,945
88$8,136,477$0$0$3,521,063
89$8,845,584$0$0$3,831,574
90$9,623,214$0$0$4,172,225
91$10,476,236$0$0$4,546,043
92$11,412,218$0$0$4,956,359
93$12,439,493$0$0$5,406,846
94$13,567,242$0$0$5,901,549
95$14,805,578$0$0$6,444,922
96$16,165,640$0$0$7,041,874
97$17,659,699$0$0$7,697,811
98$19,301,276$0$0$8,418,691
99$21,105,262$0$0$9,211,075
100$23,088,065$0$0$10,082,192