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%16.7%
1 years$51,447$50,988$50,541$50,105$49,679$48,321
2 years$25,469$24,994$24,535$24,089$23,657$22,299
3 years$16,810$16,334$15,876$15,434$15,009$13,693
4 years$12,482$12,007$11,553$11,119$10,704$9,441
5 years$9,886$9,414$8,966$8,541$8,137$6,930
6 years$8,156$7,687$7,246$6,830$6,439$5,288
7 years$6,920$6,456$6,021$5,615$5,236$4,143
8 years$5,994$5,534$5,106$4,711$4,344$3,307
9 years$5,274$4,818$4,398$4,012$3,658$2,677
10 years$4,698$4,247$3,834$3,459$3,117$2,190
11 years$4,228$3,781$3,376$3,010$2,681$1,806
12 years$3,836$3,393$2,996$2,640$2,323$1,500
13 years$3,504$3,067$2,677$2,331$2,026$1,252
14 years$3,221$2,787$2,405$2,069$1,776$1,049
15 years$2,975$2,546$2,171$1,845$1,564$883
16 years$2,760$2,336$1,969$1,652$1,382$745
17 years$2,571$2,152$1,791$1,485$1,225$630
18 years$2,403$1,988$1,635$1,338$1,089$534
19 years$2,252$1,843$1,497$1,209$971$453
20 years$2,117$1,712$1,374$1,095$867$385
21 years$1,995$1,595$1,264$994$776$328
22 years$1,885$1,489$1,165$903$696$279
23 years$1,784$1,392$1,075$823$625$238
24 years$1,691$1,305$995$750$561$203
25 years$1,606$1,224$921$685$505$174
26 years$1,528$1,151$854$627$455$148
27 years$1,456$1,083$793$574$410$127
28 years$1,389$1,020$738$526$370$108
29 years$1,326$963$686$482$334$93
30 years$1,268$909$639$442$302$79
31 years$1,214$859$596$406$273$68
32 years$1,163$813$556$373$247$58
33 years$1,116$770$519$343$224$50
34 years$1,071$730$485$316$202$43
35 years$1,029$692$454$291$183$36
36 years$989$657$424$268$166$31
37 years$952$624$397$247$151$27
38 years$917$593$372$227$136$23
39 years$883$564$348$210$124$20
40 years$852$537$327$193$112$17
41 years$822$511$306$178$102$14
42 years$793$486$287$165$92$12
43 years$766$463$270$152$84$11
44 years$740$442$253$140$76$9
45 years$716$421$238$130$69$8
46 years$692$402$223$120$63$7
47 years$670$384$210$111$57$6
48 years$648$366$197$102$52$5
49 years$628$350$185$94$47$4
50 years$608$334$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $623,000, adding $6,989 every year, while hoping to spend $42,683 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: 60/30/10 Blend
49$623,000$623,000$623,000$623,000
50$693,755$660,736$651,080$733,362
51$719,104$647,698$627,476$747,751
52$745,607$632,590$601,652$757,965
53$773,339$615,266$573,487$768,055
54$802,377$595,572$542,856$778,012
55$832,807$573,342$509,629$787,827
56$864,721$548,404$473,669$797,492
57$898,219$520,573$434,834$807,002
58$933,412$489,655$392,976$816,352
59$970,417$455,445$347,937$825,540
60$1,009,363$417,725$299,556$834,566
61$1,050,390$376,266$247,664$843,432
62$1,093,651$330,824$192,082$852,146
63$1,139,313$281,144$132,626$860,718
64$1,187,556$226,954$69,103$869,163
65$1,238,580$167,967$1,310$877,500
66$1,292,599$103,882$0$885,756
67$1,349,851$34,379$0$901,543
68$1,410,592$0$0$917,965
69$1,475,106$0$0$948,451
70$1,543,700$0$0$992,958
71$1,616,711$0$0$1,040,359
72$1,694,510$0$0$1,090,899
73$1,777,500$0$0$1,144,842
74$1,866,126$0$0$1,202,482
75$1,960,871$0$0$1,264,139
76$2,062,269$0$0$1,330,163
77$2,170,904$0$0$1,400,940
78$2,287,415$0$0$1,476,891
79$2,412,505$0$0$1,558,481
80$2,546,945$0$0$1,646,218
81$2,691,582$0$0$1,740,661
82$2,847,344$0$0$1,842,422
83$3,015,253$0$0$1,952,175
84$3,196,429$0$0$2,070,661
85$3,392,104$0$0$2,198,693
86$3,603,631$0$0$2,337,163
87$3,832,498$0$0$2,487,055
88$4,080,341$0$0$2,649,449
89$4,348,957$0$0$2,825,531
90$4,640,323$0$0$3,016,607
91$4,956,613$0$0$3,224,113
92$5,300,219$0$0$3,449,630
93$5,673,770$0$0$3,694,893
94$6,080,161$0$0$3,961,816
95$6,522,575$0$0$4,252,501
96$7,004,516$0$0$4,569,263
97$7,529,839$0$0$4,914,649
98$8,102,787$0$0$5,291,464
99$8,728,030$0$0$5,702,793
100$9,410,709$0$0$6,152,033