Can I retire at age 50 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$51,364$50,907$50,460$50,025$49,599$49,143
2 years$25,428$24,954$24,495$24,050$23,619$23,159
3 years$16,783$16,308$15,850$15,409$14,985$14,535
4 years$12,462$11,988$11,535$11,101$10,687$10,252
5 years$9,870$9,399$8,951$8,527$8,124$7,705
6 years$8,143$7,675$7,234$6,819$6,428$6,025
7 years$6,909$6,445$6,012$5,606$5,228$4,841
8 years$5,984$5,525$5,098$4,703$4,337$3,966
9 years$5,266$4,810$4,391$4,006$3,653$3,298
10 years$4,691$4,240$3,828$3,453$3,112$2,773
11 years$4,221$3,775$3,370$3,005$2,677$2,353
12 years$3,830$3,388$2,991$2,636$2,319$2,012
13 years$3,499$3,062$2,672$2,327$2,023$1,730
14 years$3,215$2,783$2,401$2,066$1,773$1,495
15 years$2,970$2,542$2,168$1,842$1,561$1,297
16 years$2,756$2,333$1,966$1,650$1,380$1,130
17 years$2,567$2,148$1,789$1,482$1,223$986
18 years$2,399$1,985$1,633$1,336$1,088$864
19 years$2,249$1,840$1,495$1,207$970$758
20 years$2,114$1,710$1,372$1,093$866$666
21 years$1,992$1,592$1,262$992$775$587
22 years$1,882$1,486$1,163$902$695$518
23 years$1,781$1,390$1,074$822$624$457
24 years$1,688$1,303$993$749$560$404
25 years$1,604$1,222$920$684$504$357
26 years$1,525$1,149$853$626$454$316
27 years$1,453$1,081$792$573$410$280
28 years$1,386$1,019$736$525$370$249
29 years$1,324$961$685$481$334$221
30 years$1,266$908$638$442$302$196
31 years$1,212$858$595$406$273$174
32 years$1,161$812$555$373$247$155
33 years$1,114$769$518$343$223$137
34 years$1,069$729$484$315$202$122
35 years$1,027$691$453$290$183$109
36 years$988$656$424$267$166$97
37 years$951$623$396$246$150$86
38 years$915$592$371$227$136$76
39 years$882$563$348$209$124$68
40 years$850$536$326$193$112$61
41 years$820$510$306$178$102$54
42 years$792$486$287$164$92$48
43 years$765$463$269$152$84$43
44 years$739$441$253$140$76$38
45 years$714$421$237$129$69$34
46 years$691$401$223$120$63$30
47 years$669$383$209$110$57$27
48 years$647$366$197$102$52$24
49 years$627$349$185$94$47$21
50 years$607$333$174$87$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $622,000, adding $2,032 every year, while hoping to spend $53,776 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: 78/14/8 Blend
49$622,000$622,000$622,000$622,000
50$687,540$654,574$644,933$740,249
51$700,452$629,431$609,321$749,995
52$712,878$601,253$570,714$753,507
53$724,713$569,836$528,954$755,779
54$735,838$534,962$483,877$756,663
55$746,119$496,400$435,313$755,998
56$755,408$453,909$383,081$753,606
57$763,540$407,231$326,995$749,291
58$770,330$356,095$266,858$742,839
59$775,574$300,214$202,468$734,016
60$779,043$239,284$133,611$722,562
61$780,483$172,987$60,065$708,195
62$779,612$100,983$0$690,603
63$776,117$22,916$0$671,018
64$769,651$0$0$653,066
65$759,828$0$0$640,713
66$746,221$0$0$628,626
67$728,355$0$0$612,867
68$705,707$0$0$592,984
69$677,696$0$0$568,477
70$643,677$0$0$538,794
71$602,939$0$0$503,321
72$554,695$0$0$461,381
73$498,073$0$0$412,226
74$432,110$0$0$355,026
75$355,740$0$0$288,865
76$267,787$0$0$212,731
77$166,949$0$0$125,505
78$51,788$0$0$25,950
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0