Can I retire at age 50 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$51,447$50,988$50,541$50,105$49,679$49,181
2 years$25,469$24,994$24,535$24,089$23,657$23,155
3 years$16,810$16,334$15,876$15,434$15,009$14,519
4 years$12,482$12,007$11,553$11,119$10,704$10,230
5 years$9,886$9,414$8,966$8,541$8,137$7,680
6 years$8,156$7,687$7,246$6,830$6,439$5,999
7 years$6,920$6,456$6,021$5,615$5,236$4,815
8 years$5,994$5,534$5,106$4,711$4,344$3,941
9 years$5,274$4,818$4,398$4,012$3,658$3,273
10 years$4,698$4,247$3,834$3,459$3,117$2,749
11 years$4,228$3,781$3,376$3,010$2,681$2,330
12 years$3,836$3,393$2,996$2,640$2,323$1,989
13 years$3,504$3,067$2,677$2,331$2,026$1,708
14 years$3,221$2,787$2,405$2,069$1,776$1,474
15 years$2,975$2,546$2,171$1,845$1,564$1,277
16 years$2,760$2,336$1,969$1,652$1,382$1,111
17 years$2,571$2,152$1,791$1,485$1,225$969
18 years$2,403$1,988$1,635$1,338$1,089$847
19 years$2,252$1,843$1,497$1,209$971$742
20 years$2,117$1,712$1,374$1,095$867$652
21 years$1,995$1,595$1,264$994$776$573
22 years$1,885$1,489$1,165$903$696$505
23 years$1,784$1,392$1,075$823$625$445
24 years$1,691$1,305$995$750$561$393
25 years$1,606$1,224$921$685$505$347
26 years$1,528$1,151$854$627$455$307
27 years$1,456$1,083$793$574$410$271
28 years$1,389$1,020$738$526$370$240
29 years$1,326$963$686$482$334$213
30 years$1,268$909$639$442$302$189
31 years$1,214$859$596$406$273$167
32 years$1,163$813$556$373$247$148
33 years$1,116$770$519$343$224$132
34 years$1,071$730$485$316$202$117
35 years$1,029$692$454$291$183$104
36 years$989$657$424$268$166$92
37 years$952$624$397$247$151$82
38 years$917$593$372$227$136$73
39 years$883$564$348$210$124$65
40 years$852$537$327$193$112$57
41 years$822$511$306$178$102$51
42 years$793$486$287$165$92$45
43 years$766$463$270$152$84$40
44 years$740$442$253$140$76$36
45 years$716$421$238$130$69$32
46 years$692$402$223$120$63$28
47 years$670$384$210$111$57$25
48 years$648$366$197$102$52$22
49 years$628$350$185$94$47$20
50 years$608$334$174$87$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $623,000, adding $4,081 every year, while hoping to spend $56,915 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: 34/37/29 Blend
49$623,000$623,000$623,000$623,000
50$690,756$657,737$648,080$708,076
51$700,655$629,409$609,234$693,197
52$709,658$597,785$567,178$671,810
53$717,610$562,644$521,746$647,657
54$724,345$523,752$472,763$620,531
55$729,673$480,860$420,045$590,210
56$733,384$433,707$363,402$556,458
57$735,247$382,016$302,633$519,019
58$735,002$325,495$237,531$477,621
59$732,362$263,834$167,878$431,971
60$727,008$196,707$93,447$381,756
61$718,586$123,769$14,001$326,638
62$706,704$44,656$0$266,253
63$690,926$0$0$222,117
64$670,772$0$0$194,653
65$645,708$0$0$183,477
66$615,142$0$0$170,183
67$578,421$0$0$154,525
68$534,821$0$0$136,230
69$483,542$0$0$114,995
70$423,699$0$0$90,489
71$354,313$0$0$62,341
72$274,303$0$0$30,145
73$182,473$0$0$0
74$77,503$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
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