Can I retire at age 50 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$51,612$51,152$50,704$50,266$49,838$48,457
2 years$25,550$25,075$24,613$24,166$23,733$22,351
3 years$16,864$16,387$15,927$15,484$15,057$13,718
4 years$12,522$12,046$11,590$11,155$10,739$9,454
5 years$9,918$9,444$8,995$8,568$8,163$6,936
6 years$8,182$7,712$7,269$6,852$6,459$5,290
7 years$6,942$6,476$6,041$5,633$5,253$4,142
8 years$6,013$5,551$5,123$4,726$4,358$3,304
9 years$5,291$4,834$4,412$4,025$3,670$2,673
10 years$4,714$4,261$3,847$3,470$3,127$2,185
11 years$4,241$3,793$3,387$3,020$2,689$1,801
12 years$3,848$3,404$3,006$2,649$2,331$1,495
13 years$3,516$3,076$2,685$2,338$2,032$1,247
14 years$3,231$2,796$2,413$2,076$1,782$1,044
15 years$2,984$2,555$2,178$1,851$1,569$878
16 years$2,769$2,344$1,975$1,658$1,386$740
17 years$2,579$2,159$1,797$1,489$1,229$626
18 years$2,410$1,995$1,641$1,342$1,093$530
19 years$2,260$1,849$1,502$1,213$974$449
20 years$2,124$1,718$1,378$1,098$870$382
21 years$2,002$1,600$1,268$997$779$325
22 years$1,891$1,494$1,168$906$698$276
23 years$1,789$1,397$1,079$825$627$235
24 years$1,697$1,309$998$753$563$201
25 years$1,611$1,228$924$688$507$171
26 years$1,533$1,154$857$629$456$146
27 years$1,460$1,086$796$575$412$125
28 years$1,393$1,024$740$527$371$107
29 years$1,330$966$689$483$335$91
30 years$1,272$912$641$444$303$78
31 years$1,218$862$598$408$274$67
32 years$1,167$816$558$375$248$57
33 years$1,119$773$521$344$224$49
34 years$1,074$732$487$317$203$42
35 years$1,032$695$455$292$184$36
36 years$993$659$426$269$167$31
37 years$955$626$398$248$151$26
38 years$920$595$373$228$137$22
39 years$886$566$350$210$124$19
40 years$854$538$328$194$113$16
41 years$824$512$307$179$102$14
42 years$796$488$288$165$93$12
43 years$768$465$270$153$84$10
44 years$743$443$254$141$76$9
45 years$718$423$238$130$69$8
46 years$694$403$224$120$63$6
47 years$672$385$210$111$57$6
48 years$650$367$198$103$52$5
49 years$630$351$186$95$47$4
50 years$610$335$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $625,000, adding $4,829 every year, while hoping to spend $54,326 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: 66/28/6 Blend
49$625,000$625,000$625,000$625,000
50$693,731$660,606$650,919$738,548
51$706,689$635,173$614,922$743,484
52$719,148$606,674$575,899$741,906
53$731,000$574,899$533,690$738,732
54$742,123$539,631$488,130$733,799
55$752,383$500,636$439,045$726,930
56$761,628$457,669$386,255$717,931
57$769,690$410,470$329,570$706,593
58$776,380$358,765$268,793$692,686
59$781,491$302,265$203,718$675,960
60$784,790$240,663$134,129$656,144
61$786,018$173,635$59,802$632,941
62$784,889$100,840$0$606,027
63$781,083$21,917$0$576,299
64$774,248$0$0$546,290
65$763,990$0$0$531,334
66$749,875$0$0$520,301
67$731,422$0$0$506,089
68$708,095$0$0$488,308
69$679,304$0$0$466,526
70$644,395$0$0$440,268
71$602,642$0$0$409,006
72$553,245$0$0$372,155
73$495,318$0$0$329,071
74$427,879$0$0$279,039
75$349,846$0$0$221,271
76$260,020$0$0$154,894
77$157,079$0$0$78,945
78$39,560$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