Can I retire at age 50 with 621,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$51,282$50,825$50,379$49,944$49,519$48,520
2 years$25,387$24,914$24,456$24,012$23,581$22,578
3 years$16,757$16,282$15,825$15,384$14,961$13,986
4 years$12,442$11,969$11,516$11,084$10,670$9,731
5 years$9,854$9,384$8,937$8,513$8,111$7,210
6 years$8,129$7,662$7,222$6,808$6,418$5,557
7 years$6,898$6,435$6,002$5,597$5,220$4,398
8 years$5,975$5,516$5,090$4,695$4,330$3,548
9 years$5,257$4,803$4,384$4,000$3,647$2,903
10 years$4,683$4,233$3,822$3,448$3,107$2,401
11 years$4,214$3,769$3,365$3,000$2,672$2,004
12 years$3,824$3,383$2,986$2,632$2,316$1,683
13 years$3,493$3,057$2,668$2,323$2,019$1,422
14 years$3,210$2,779$2,397$2,063$1,770$1,207
15 years$2,965$2,538$2,164$1,839$1,559$1,028
16 years$2,751$2,329$1,962$1,647$1,377$879
17 years$2,563$2,145$1,786$1,480$1,221$753
18 years$2,395$1,982$1,630$1,334$1,086$646
19 years$2,245$1,837$1,492$1,205$968$556
20 years$2,111$1,707$1,370$1,091$865$479
21 years$1,989$1,590$1,260$991$774$414
22 years$1,879$1,484$1,161$901$694$357
23 years$1,778$1,388$1,072$820$623$309
24 years$1,686$1,300$991$748$560$267
25 years$1,601$1,220$918$683$504$232
26 years$1,523$1,147$852$625$454$201
27 years$1,451$1,079$791$572$409$174
28 years$1,384$1,017$735$524$369$151
29 years$1,322$960$684$480$333$131
30 years$1,264$906$637$441$301$114
31 years$1,210$857$594$405$272$99
32 years$1,160$811$554$372$246$86
33 years$1,112$768$518$342$223$75
34 years$1,068$728$484$315$202$65
35 years$1,026$690$452$290$183$56
36 years$986$655$423$267$166$49
37 years$949$622$396$246$150$43
38 years$914$591$371$227$136$37
39 years$881$562$347$209$123$32
40 years$849$535$326$193$112$28
41 years$819$509$305$178$102$24
42 years$791$485$286$164$92$21
43 years$764$462$269$152$84$18
44 years$738$440$252$140$76$16
45 years$713$420$237$129$69$14
46 years$690$401$222$119$63$12
47 years$668$382$209$110$57$11
48 years$646$365$196$102$52$9
49 years$626$349$185$94$47$8
50 years$606$333$174$87$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $621,000, adding $5,503 every year, while hoping to spend $27,164 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: 57/15/28 Blend
49$621,000$621,000$621,000$621,000
50$690,018$657,105$647,480$723,766
51$731,498$660,401$640,268$750,842
52$776,298$662,948$631,904$777,031
53$824,729$664,681$622,321$805,022
54$877,130$665,530$611,449$834,998
55$933,878$665,421$599,213$867,160
56$995,383$664,276$585,536$901,733
57$1,062,099$662,012$570,338$938,965
58$1,134,523$658,541$553,534$979,131
59$1,213,203$653,768$535,036$1,022,534
60$1,298,741$647,595$514,752$1,069,510
61$1,391,801$639,915$492,584$1,120,432
62$1,493,112$630,618$468,433$1,175,710
63$1,603,476$619,584$442,191$1,235,800
64$1,723,776$606,689$413,750$1,301,205
65$1,854,984$591,800$382,994$1,372,481
66$1,998,170$574,776$349,802$1,450,243
67$2,154,511$555,467$314,048$1,535,170
68$2,325,303$533,718$275,601$1,628,016
69$2,511,974$509,360$234,323$1,729,609
70$2,716,094$482,217$190,072$1,840,868
71$2,939,393$452,103$142,697$1,962,806
72$3,183,776$418,821$92,042$2,096,544
73$3,451,340$382,162$37,944$2,243,319
74$3,744,394$341,905$0$2,404,498
75$4,065,481$297,818$0$2,587,502
76$4,417,403$249,654$0$2,800,569
77$4,803,245$197,153$0$3,034,246
78$5,226,402$140,041$0$3,290,624
79$5,690,619$78,026$0$3,572,008
80$6,200,016$10,803$0$3,880,938
81$6,759,134$0$0$4,220,214
82$7,372,973$0$0$4,603,149
83$8,047,043$0$0$5,025,674
84$8,787,411$0$0$5,489,816
85$9,600,764$0$0$5,999,773
86$10,494,465$0$0$6,560,171
87$11,476,628$0$0$7,176,104
88$12,556,191$0$0$7,853,187
89$13,743,002$0$0$8,597,604
90$15,047,908$0$0$9,416,167
91$16,482,864$0$0$10,316,386
92$18,061,037$0$0$11,306,529
93$19,796,936$0$0$12,395,709
94$21,706,548$0$0$13,593,967
95$23,807,486$0$0$14,912,366
96$26,119,156$0$0$16,363,093
97$28,662,940$0$0$17,959,579
98$31,462,399$0$0$19,716,621
99$34,543,491$0$0$21,650,524
100$37,934,821$0$0$23,779,253