Can I retire at age 50 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$51,529$51,070$50,623$50,185$49,759$48,714
2 years$25,510$25,034$24,574$24,128$23,695$22,647
3 years$16,837$16,360$15,901$15,459$15,033$14,015
4 years$12,502$12,027$11,572$11,137$10,722$9,742
5 years$9,902$9,429$8,980$8,554$8,150$7,211
6 years$8,169$7,699$7,257$6,841$6,449$5,551
7 years$6,931$6,466$6,031$5,624$5,245$4,388
8 years$6,004$5,543$5,115$4,718$4,351$3,536
9 years$5,283$4,826$4,405$4,019$3,664$2,890
10 years$4,706$4,254$3,841$3,464$3,122$2,388
11 years$4,235$3,787$3,381$3,015$2,685$1,990
12 years$3,842$3,399$3,001$2,645$2,327$1,669
13 years$3,510$3,072$2,681$2,335$2,029$1,408
14 years$3,226$2,792$2,409$2,073$1,779$1,194
15 years$2,980$2,551$2,175$1,848$1,566$1,015
16 years$2,765$2,340$1,972$1,655$1,384$867
17 years$2,575$2,155$1,794$1,487$1,227$741
18 years$2,407$1,991$1,638$1,340$1,091$636
19 years$2,256$1,846$1,499$1,211$973$546
20 years$2,121$1,715$1,376$1,097$869$470
21 years$1,999$1,597$1,266$995$777$405
22 years$1,888$1,491$1,167$905$697$349
23 years$1,786$1,395$1,077$824$626$302
24 years$1,694$1,307$996$752$562$261
25 years$1,609$1,226$923$686$506$225
26 years$1,530$1,153$856$628$456$195
27 years$1,458$1,085$795$575$411$169
28 years$1,391$1,022$739$526$371$146
29 years$1,328$964$687$483$335$127
30 years$1,270$911$640$443$302$110
31 years$1,216$861$597$407$273$95
32 years$1,165$814$557$374$247$83
33 years$1,117$771$520$344$224$72
34 years$1,073$731$486$316$203$62
35 years$1,031$693$454$291$184$54
36 years$991$658$425$268$166$47
37 years$954$625$398$247$151$41
38 years$918$594$372$228$137$35
39 years$885$565$349$210$124$31
40 years$853$537$327$194$112$27
41 years$823$512$307$179$102$23
42 years$794$487$288$165$93$20
43 years$767$464$270$152$84$17
44 years$741$443$253$141$76$15
45 years$717$422$238$130$69$13
46 years$693$403$223$120$63$11
47 years$671$384$210$111$57$10
48 years$649$367$197$102$52$9
49 years$629$350$185$95$47$7
50 years$609$335$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 $624,000, adding $4,610 every year, while hoping to spend $40,776 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: 57/18/25 Blend
49$624,000$624,000$624,000$624,000
50$692,403$659,331$649,659$726,919
51$719,643$648,253$628,037$739,977
52$748,295$635,266$604,325$749,498
53$778,459$620,232$578,408$759,017
54$810,246$603,007$550,169$768,545
55$843,775$583,439$519,484$778,096
56$879,178$561,365$486,224$787,688
57$916,595$536,613$450,254$797,345
58$956,183$509,002$411,432$807,091
59$998,111$478,341$369,612$816,961
60$1,042,564$444,425$324,640$826,992
61$1,089,744$407,041$276,354$837,229
62$1,139,874$365,961$224,588$847,726
63$1,193,194$320,946$169,165$858,544
64$1,249,970$271,743$109,902$869,754
65$1,310,492$218,084$46,609$881,439
66$1,375,078$159,685$0$893,694
67$1,444,075$96,249$0$912,211
68$1,517,865$27,459$0$945,162
69$1,596,866$0$0$980,300
70$1,681,537$0$0$1,027,158
71$1,772,381$0$0$1,083,305
72$1,869,950$0$0$1,143,646
73$1,974,850$0$0$1,208,563
74$2,087,745$0$0$1,278,472
75$2,209,367$0$0$1,353,830
76$2,340,517$0$0$1,435,141
77$2,482,078$0$0$1,522,958
78$2,635,016$0$0$1,617,886
79$2,800,397$0$0$1,720,595
80$2,979,390$0$0$1,831,816
81$3,173,281$0$0$1,952,357
82$3,383,483$0$0$2,083,106
83$3,611,552$0$0$2,225,035
84$3,859,197$0$0$2,379,220
85$4,128,299$0$0$2,546,839
86$4,420,925$0$0$2,729,191
87$4,739,354$0$0$2,927,704
88$5,086,088$0$0$3,143,950
89$5,463,884$0$0$3,379,657
90$5,875,774$0$0$3,636,730
91$6,325,095$0$0$3,917,264
92$6,815,522$0$0$4,223,563
93$7,351,099$0$0$4,558,168
94$7,936,277$0$0$4,923,872
95$8,575,957$0$0$5,323,752
96$9,275,535$0$0$5,761,196
97$10,040,952$0$0$6,239,933
98$10,878,750$0$0$6,764,071
99$11,796,133$0$0$7,338,133
100$12,801,033$0$0$7,967,099