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%13.3%
1 years$51,529$51,070$50,623$50,185$49,759$49,076
2 years$25,510$25,034$24,574$24,128$23,695$23,008
3 years$16,837$16,360$15,901$15,459$15,033$14,364
4 years$12,502$12,027$11,572$11,137$10,722$10,075
5 years$9,902$9,429$8,980$8,554$8,150$7,528
6 years$8,169$7,699$7,257$6,841$6,449$5,852
7 years$6,931$6,466$6,031$5,624$5,245$4,673
8 years$6,004$5,543$5,115$4,718$4,351$3,805
9 years$5,283$4,826$4,405$4,019$3,664$3,143
10 years$4,706$4,254$3,841$3,464$3,122$2,626
11 years$4,235$3,787$3,381$3,015$2,685$2,213
12 years$3,842$3,399$3,001$2,645$2,327$1,878
13 years$3,510$3,072$2,681$2,335$2,029$1,604
14 years$3,226$2,792$2,409$2,073$1,779$1,376
15 years$2,980$2,551$2,175$1,848$1,566$1,185
16 years$2,765$2,340$1,972$1,655$1,384$1,024
17 years$2,575$2,155$1,794$1,487$1,227$888
18 years$2,407$1,991$1,638$1,340$1,091$771
19 years$2,256$1,846$1,499$1,211$973$671
20 years$2,121$1,715$1,376$1,097$869$585
21 years$1,999$1,597$1,266$995$777$511
22 years$1,888$1,491$1,167$905$697$447
23 years$1,786$1,395$1,077$824$626$391
24 years$1,694$1,307$996$752$562$343
25 years$1,609$1,226$923$686$506$301
26 years$1,530$1,153$856$628$456$264
27 years$1,458$1,085$795$575$411$232
28 years$1,391$1,022$739$526$371$204
29 years$1,328$964$687$483$335$179
30 years$1,270$911$640$443$302$158
31 years$1,216$861$597$407$273$139
32 years$1,165$814$557$374$247$122
33 years$1,117$771$520$344$224$108
34 years$1,073$731$486$316$203$95
35 years$1,031$693$454$291$184$84
36 years$991$658$425$268$166$74
37 years$954$625$398$247$151$65
38 years$918$594$372$228$137$57
39 years$885$565$349$210$124$50
40 years$853$537$327$194$112$45
41 years$823$512$307$179$102$39
42 years$794$487$288$165$93$35
43 years$767$464$270$152$84$31
44 years$741$443$253$141$76$27
45 years$717$422$238$130$69$24
46 years$693$403$223$120$63$21
47 years$671$384$210$111$57$18
48 years$649$367$197$102$52$16
49 years$629$350$185$95$47$14
50 years$609$335$174$87$43$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $624,000, adding $4,281 every year, while hoping to spend $46,773 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: 24/48/28 Blend
49$624,000$624,000$624,000$624,000
50$692,064$658,992$649,320$702,499
51$712,888$641,516$621,306$694,210
52$734,269$621,617$590,786$681,103
53$756,214$599,125$557,627$666,079
54$778,729$573,864$521,688$649,010
55$801,820$545,644$482,826$629,761
56$825,492$514,267$440,886$608,188
57$849,748$479,521$395,712$584,140
58$874,589$441,185$347,135$557,459
59$900,017$399,023$294,984$527,974
60$926,029$352,785$239,076$495,509
61$952,622$302,210$179,224$459,876
62$979,790$247,019$115,228$420,875
63$1,007,524$186,918$46,884$378,297
64$1,035,812$121,598$0$331,921
65$1,064,640$50,731$0$289,297
66$1,093,988$0$0$257,848
67$1,123,834$0$0$237,109
68$1,154,149$0$0$243,233
69$1,184,900$0$0$249,413
70$1,216,048$0$0$255,636
71$1,247,547$0$0$261,888
72$1,279,345$0$0$268,154
73$1,311,378$0$0$274,415
74$1,343,578$0$0$280,650
75$1,375,863$0$0$286,835
76$1,408,141$0$0$292,945
77$1,440,308$0$0$298,949
78$1,472,245$0$0$304,813
79$1,503,817$0$0$310,499
80$1,534,874$0$0$315,966
81$1,565,245$0$0$321,164
82$1,594,739$0$0$326,041
83$1,623,142$0$0$330,537
84$1,650,213$0$0$334,586
85$1,675,682$0$0$338,114
86$1,699,249$0$0$341,037
87$1,720,579$0$0$343,264
88$1,739,296$0$0$344,693
89$1,754,984$0$0$345,210
90$1,767,178$0$0$344,688
91$1,775,361$0$0$342,987
92$1,778,958$0$0$339,952
93$1,777,332$0$0$335,410
94$1,769,772$0$0$329,168
95$1,755,493$0$0$321,017
96$1,733,621$0$0$310,719
97$1,703,189$0$0$298,015
98$1,663,125$0$0$282,616
99$1,612,239$0$0$264,205
100$1,549,216$0$0$242,427