Can I retire at age 50 with 624,000?

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 $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%13.6%
1 years$51,529$51,070$50,623$50,185$49,759$49,015
2 years$25,510$25,034$24,574$24,128$23,695$22,947
3 years$16,837$16,360$15,901$15,459$15,033$14,305
4 years$12,502$12,027$11,572$11,137$10,722$10,018
5 years$9,902$9,429$8,980$8,554$8,150$7,474
6 years$8,169$7,699$7,257$6,841$6,449$5,801
7 years$6,931$6,466$6,031$5,624$5,245$4,625
8 years$6,004$5,543$5,115$4,718$4,351$3,759
9 years$5,283$4,826$4,405$4,019$3,664$3,099
10 years$4,706$4,254$3,841$3,464$3,122$2,585
11 years$4,235$3,787$3,381$3,015$2,685$2,174
12 years$3,842$3,399$3,001$2,645$2,327$1,842
13 years$3,510$3,072$2,681$2,335$2,029$1,570
14 years$3,226$2,792$2,409$2,073$1,779$1,344
15 years$2,980$2,551$2,175$1,848$1,566$1,155
16 years$2,765$2,340$1,972$1,655$1,384$996
17 years$2,575$2,155$1,794$1,487$1,227$861
18 years$2,407$1,991$1,638$1,340$1,091$747
19 years$2,256$1,846$1,499$1,211$973$649
20 years$2,121$1,715$1,376$1,097$869$564
21 years$1,999$1,597$1,266$995$777$492
22 years$1,888$1,491$1,167$905$697$429
23 years$1,786$1,395$1,077$824$626$375
24 years$1,694$1,307$996$752$562$328
25 years$1,609$1,226$923$686$506$287
26 years$1,530$1,153$856$628$456$251
27 years$1,458$1,085$795$575$411$220
28 years$1,391$1,022$739$526$371$193
29 years$1,328$964$687$483$335$169
30 years$1,270$911$640$443$302$149
31 years$1,216$861$597$407$273$130
32 years$1,165$814$557$374$247$115
33 years$1,117$771$520$344$224$101
34 years$1,073$731$486$316$203$88
35 years$1,031$693$454$291$184$78
36 years$991$658$425$268$166$68
37 years$954$625$398$247$151$60
38 years$918$594$372$228$137$53
39 years$885$565$349$210$124$46
40 years$853$537$327$194$112$41
41 years$823$512$307$179$102$36
42 years$794$487$288$165$93$32
43 years$767$464$270$152$84$28
44 years$741$443$253$141$76$24
45 years$717$422$238$130$69$22
46 years$693$403$223$120$63$19
47 years$671$384$210$111$57$17
48 years$649$367$197$102$52$15
49 years$629$350$185$95$47$13
50 years$609$335$174$87$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $624,000, adding $4,967 every year, while hoping to spend $27,135 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: 73/19/8 Blend
49$624,000$624,000$624,000$624,000
50$692,771$659,699$650,027$742,093
51$734,563$663,153$642,932$778,753
52$779,707$665,867$634,689$815,008
53$828,518$667,775$625,232$853,954
54$881,341$668,810$614,491$895,849
55$938,553$668,897$602,392$940,977
56$1,000,571$667,958$588,858$989,651
57$1,067,853$665,912$573,808$1,042,216
58$1,140,902$662,670$557,159$1,099,054
59$1,220,272$658,139$538,822$1,160,582
60$1,306,572$652,220$518,705$1,227,265
61$1,400,473$644,810$496,712$1,299,613
62$1,502,712$635,796$472,742$1,378,189
63$1,614,100$625,061$446,690$1,463,613
64$1,735,529$612,480$418,446$1,556,570
65$1,867,984$597,922$387,894$1,657,814
66$2,012,545$581,247$354,915$1,768,179
67$2,170,403$562,307$319,384$1,888,582
68$2,342,868$540,944$281,168$2,020,035
69$2,531,385$516,994$240,130$2,163,656
70$2,737,540$490,282$196,129$2,320,675
71$2,963,085$460,620$149,015$2,492,451
72$3,209,943$427,815$98,630$2,680,481
73$3,480,237$391,657$44,814$2,886,416
74$3,776,301$351,929$0$3,112,078
75$4,100,708$308,398$0$3,360,552
76$4,456,291$260,819$0$3,637,128
77$4,846,167$208,934$0$3,940,434
78$5,273,775$152,470$0$4,273,181
79$5,742,897$91,138$0$4,638,355
80$6,257,702$24,634$0$5,039,248
81$6,822,782$0$0$5,479,491
82$7,443,194$0$0$5,972,986
83$8,124,509$0$0$6,520,612
84$8,872,865$0$0$7,122,155
85$9,695,023$0$0$7,783,053
86$10,598,430$0$0$8,509,297
87$11,591,292$0$0$9,307,488
88$12,682,648$0$0$10,184,897
89$13,882,457$0$0$11,149,536
90$15,201,691$0$0$12,210,229
91$16,652,439$0$0$13,376,702
92$18,248,019$0$0$14,659,667
93$20,003,104$0$0$16,070,929
94$21,933,863$0$0$17,623,492
95$24,058,107$0$0$19,331,687
96$26,395,465$0$0$21,211,302
97$28,967,562$0$0$23,279,733
98$31,798,224$0$0$25,556,147
99$34,913,707$0$0$28,061,665
100$38,342,940$0$0$30,819,557