Can I retire at age 50 with 625,000?

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 $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%15.2%
1 years$51,612$51,152$50,704$50,266$49,838$48,772
2 years$25,550$25,075$24,613$24,166$23,733$22,664
3 years$16,864$16,387$15,927$15,484$15,057$14,019
4 years$12,522$12,046$11,590$11,155$10,739$9,739
5 years$9,918$9,444$8,995$8,568$8,163$7,205
6 years$8,182$7,712$7,269$6,852$6,459$5,544
7 years$6,942$6,476$6,041$5,633$5,253$4,380
8 years$6,013$5,551$5,123$4,726$4,358$3,527
9 years$5,291$4,834$4,412$4,025$3,670$2,881
10 years$4,714$4,261$3,847$3,470$3,127$2,379
11 years$4,241$3,793$3,387$3,020$2,689$1,981
12 years$3,848$3,404$3,006$2,649$2,331$1,661
13 years$3,516$3,076$2,685$2,338$2,032$1,401
14 years$3,231$2,796$2,413$2,076$1,782$1,186
15 years$2,984$2,555$2,178$1,851$1,569$1,008
16 years$2,769$2,344$1,975$1,658$1,386$860
17 years$2,579$2,159$1,797$1,489$1,229$735
18 years$2,410$1,995$1,641$1,342$1,093$630
19 years$2,260$1,849$1,502$1,213$974$541
20 years$2,124$1,718$1,378$1,098$870$465
21 years$2,002$1,600$1,268$997$779$400
22 years$1,891$1,494$1,168$906$698$345
23 years$1,789$1,397$1,079$825$627$298
24 years$1,697$1,309$998$753$563$257
25 years$1,611$1,228$924$688$507$222
26 years$1,533$1,154$857$629$456$192
27 years$1,460$1,086$796$575$412$166
28 years$1,393$1,024$740$527$371$144
29 years$1,330$966$689$483$335$124
30 years$1,272$912$641$444$303$108
31 years$1,218$862$598$408$274$93
32 years$1,167$816$558$375$248$81
33 years$1,119$773$521$344$224$70
34 years$1,074$732$487$317$203$61
35 years$1,032$695$455$292$184$53
36 years$993$659$426$269$167$46
37 years$955$626$398$248$151$40
38 years$920$595$373$228$137$34
39 years$886$566$350$210$124$30
40 years$854$538$328$194$113$26
41 years$824$512$307$179$102$22
42 years$796$488$288$165$93$20
43 years$768$465$270$153$84$17
44 years$743$443$254$141$76$15
45 years$718$423$238$130$69$13
46 years$694$403$224$120$63$11
47 years$672$385$210$111$57$10
48 years$650$367$198$103$52$8
49 years$630$351$186$95$47$7
50 years$610$335$175$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $625,000, adding $4,081 every year, while hoping to spend $30,936 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: 49/27/24 Blend
49$625,000$625,000$625,000$625,000
50$692,960$659,835$650,147$722,032
51$730,726$659,251$639,011$742,143
52$771,307$657,602$626,466$760,551
53$814,959$654,802$612,430$779,923
54$861,959$650,762$596,821$800,366
55$912,616$645,386$579,552$821,994
56$967,266$638,573$560,530$844,940
57$1,026,279$630,216$539,660$869,348
58$1,090,063$620,200$516,842$895,383
59$1,159,065$608,405$491,971$923,224
60$1,233,776$594,703$464,939$953,076
61$1,314,736$578,959$435,630$985,161
62$1,402,541$561,030$403,925$1,019,733
63$1,497,844$540,763$369,700$1,057,069
64$1,601,363$518,000$332,824$1,097,481
65$1,713,889$492,569$293,161$1,141,312
66$1,836,293$464,292$250,569$1,188,948
67$1,969,530$432,978$204,898$1,240,814
68$2,114,655$398,427$155,995$1,297,384
69$2,272,826$360,426$103,697$1,359,184
70$2,445,318$318,750$47,835$1,426,795
71$2,633,536$273,164$0$1,500,867
72$2,839,023$223,416$0$1,585,133
73$3,063,482$169,242$0$1,690,640
74$3,308,784$110,362$0$1,806,059
75$3,576,991$46,480$0$1,932,419
76$3,870,373$0$0$2,070,855
77$4,191,428$0$0$2,229,373
78$4,542,908$0$0$2,418,097
79$4,927,844$0$0$2,624,853
80$5,349,573$0$0$2,851,441
81$5,811,769$0$0$3,099,846
82$6,318,480$0$0$3,372,250
83$6,874,164$0$0$3,671,061
84$7,483,730$0$0$3,998,928
85$8,152,587$0$0$4,358,770
86$8,886,691$0$0$4,753,802
87$9,692,604$0$0$5,187,567
88$10,577,553$0$0$5,663,965
89$11,549,500$0$0$6,187,294
90$12,617,217$0$0$6,762,290
91$13,790,365$0$0$7,394,168
92$15,079,590$0$0$8,088,674
93$16,496,618$0$0$8,852,140
94$18,054,368$0$0$9,691,539
95$19,767,074$0$0$10,614,556
96$21,650,417$0$0$11,629,657
97$23,721,676$0$0$12,746,169
98$25,999,884$0$0$13,974,370
99$28,506,016$0$0$15,325,582
100$31,263,179$0$0$16,812,281