Can I retire at age 50 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$48,226$47,797$47,377$46,968$46,569$45,333
2 years$23,874$23,430$22,999$22,581$22,176$20,939
3 years$15,758$15,312$14,882$14,468$14,069$12,871
4 years$11,701$11,256$10,830$10,423$10,034$8,883
5 years$9,267$8,825$8,405$8,006$7,628$6,527
6 years$7,645$7,206$6,792$6,403$6,036$4,986
7 years$6,487$6,052$5,644$5,264$4,909$3,911
8 years$5,619$5,187$4,787$4,416$4,072$3,126
9 years$4,944$4,516$4,123$3,761$3,429$2,533
10 years$4,404$3,981$3,594$3,242$2,922$2,075
11 years$3,963$3,544$3,164$2,822$2,513$1,714
12 years$3,596$3,181$2,808$2,475$2,178$1,425
13 years$3,285$2,875$2,509$2,185$1,899$1,191
14 years$3,019$2,613$2,254$1,940$1,665$1,000
15 years$2,789$2,387$2,035$1,730$1,466$842
16 years$2,587$2,190$1,845$1,549$1,295$711
17 years$2,410$2,017$1,679$1,392$1,149$603
18 years$2,252$1,864$1,533$1,254$1,021$511
19 years$2,111$1,727$1,403$1,133$910$435
20 years$1,985$1,605$1,288$1,026$813$370
21 years$1,870$1,495$1,185$931$728$315
22 years$1,767$1,396$1,092$847$652$269
23 years$1,672$1,305$1,008$771$585$230
24 years$1,585$1,223$932$703$526$196
25 years$1,506$1,148$864$642$474$168
26 years$1,432$1,079$801$587$427$144
27 years$1,364$1,015$744$538$385$123
28 years$1,302$957$691$493$347$105
29 years$1,243$902$643$452$313$90
30 years$1,189$852$599$415$283$77
31 years$1,138$806$559$381$256$66
32 years$1,090$762$521$350$232$57
33 years$1,046$722$487$322$210$49
34 years$1,004$684$455$296$190$42
35 years$965$649$425$273$172$36
36 years$928$616$398$251$156$31
37 years$893$585$372$231$141$26
38 years$859$556$349$213$128$23
39 years$828$529$327$197$116$19
40 years$798$503$306$181$105$17
41 years$770$479$287$167$95$14
42 years$744$456$269$154$87$12
43 years$718$434$253$143$79$11
44 years$694$414$237$132$71$9
45 years$671$395$223$122$65$8
46 years$649$377$209$112$59$7
47 years$628$360$197$104$53$6
48 years$608$343$185$96$49$5
49 years$589$328$174$89$44$4
50 years$570$313$163$82$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $584,000, adding $6,105 every year, while hoping to spend $25,043 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: 75/9/16 Blend
49$584,000$584,000$584,000$584,000
50$649,865$618,913$609,861$695,849
51$689,506$622,595$603,646$730,773
52$732,351$625,617$596,383$765,341
53$778,700$627,921$588,012$802,557
54$828,884$629,446$578,466$842,676
55$883,265$630,124$567,680$885,982
56$942,243$629,885$555,582$932,786
57$1,006,256$628,654$542,099$983,432
58$1,075,788$626,352$527,153$1,038,299
59$1,151,369$622,894$510,664$1,097,804
60$1,233,584$618,191$492,546$1,162,407
61$1,323,076$612,148$472,712$1,232,617
62$1,420,551$604,664$451,069$1,308,993
63$1,526,787$595,633$427,520$1,392,153
64$1,642,642$584,942$401,965$1,482,777
65$1,769,058$572,471$374,298$1,581,616
66$1,907,073$558,093$344,408$1,689,497
67$2,057,829$541,674$312,180$1,807,333
68$2,222,584$523,072$277,493$1,936,130
69$2,402,721$502,136$240,223$2,076,996
70$2,599,766$478,708$200,238$2,231,156
71$2,815,396$452,618$157,400$2,399,958
72$3,051,459$423,690$111,566$2,584,889
73$3,309,991$391,734$62,586$2,787,589
74$3,593,233$356,552$10,306$3,009,865
75$3,903,653$317,933$0$3,253,710
76$4,243,968$275,654$0$3,529,088
77$4,617,174$229,482$0$3,833,039
78$5,026,566$179,167$0$4,166,503
79$5,475,777$124,448$0$4,532,457
80$5,968,808$65,047$0$4,934,181
81$6,510,064$673$0$5,375,288
82$7,104,401$0$0$5,859,763
83$7,757,164$0$0$6,398,824
84$8,474,246$0$0$6,991,099
85$9,262,133$0$0$7,641,883
86$10,127,976$0$0$8,357,084
87$11,079,650$0$0$9,143,211
88$12,125,831$0$0$10,007,435
89$13,276,078$0$0$10,957,655
90$14,540,923$0$0$12,002,576
91$15,931,968$0$0$13,151,787
92$17,461,998$0$0$14,415,854
93$19,145,098$0$0$15,806,416
94$20,996,786$0$0$17,336,301
95$23,034,162$0$0$19,019,639
96$25,276,064$0$0$20,872,001
97$27,743,252$0$0$22,910,544
98$30,458,597$0$0$25,154,170
99$33,447,301$0$0$27,623,709
100$36,737,134$0$0$30,342,111