Can I retire at age 50 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$48,309$47,878$47,459$47,049$46,649$46,142
2 years$23,915$23,470$23,038$22,620$22,214$21,704
3 years$15,785$15,338$14,907$14,493$14,093$13,596
4 years$11,721$11,275$10,849$10,441$10,051$9,570
5 years$9,283$8,840$8,419$8,020$7,641$7,177
6 years$7,658$7,218$6,804$6,413$6,046$5,600
7 years$6,498$6,062$5,654$5,273$4,917$4,490
8 years$5,628$5,196$4,795$4,423$4,079$3,670
9 years$4,952$4,524$4,130$3,768$3,435$3,044
10 years$4,412$3,988$3,601$3,248$2,927$2,554
11 years$3,970$3,550$3,170$2,827$2,517$2,162
12 years$3,602$3,186$2,813$2,479$2,181$1,843
13 years$3,291$2,880$2,513$2,189$1,902$1,581
14 years$3,024$2,617$2,258$1,943$1,668$1,363
15 years$2,793$2,391$2,039$1,733$1,468$1,179
16 years$2,592$2,194$1,849$1,552$1,298$1,024
17 years$2,414$2,020$1,682$1,394$1,151$892
18 years$2,256$1,867$1,536$1,256$1,023$779
19 years$2,115$1,730$1,406$1,135$912$681
20 years$1,988$1,608$1,290$1,028$814$597
21 years$1,874$1,498$1,187$933$729$524
22 years$1,770$1,398$1,094$848$653$461
23 years$1,675$1,308$1,010$773$586$406
24 years$1,588$1,225$934$705$527$358
25 years$1,508$1,150$865$644$474$315
26 years$1,435$1,080$802$588$427$278
27 years$1,367$1,017$745$539$385$246
28 years$1,304$958$693$493$348$217
29 years$1,245$904$644$453$314$192
30 years$1,191$854$600$415$284$170
31 years$1,140$807$560$381$256$151
32 years$1,092$764$522$351$232$133
33 years$1,048$723$488$322$210$118
34 years$1,006$685$456$297$190$105
35 years$966$650$426$273$172$93
36 years$929$617$398$251$156$82
37 years$894$586$373$232$141$73
38 years$861$557$349$214$128$65
39 years$830$530$327$197$116$57
40 years$800$504$307$182$105$51
41 years$772$480$288$168$96$45
42 years$745$457$270$155$87$40
43 years$719$435$253$143$79$36
44 years$695$415$238$132$71$32
45 years$672$396$223$122$65$28
46 years$650$377$210$112$59$25
47 years$629$360$197$104$53$22
48 years$609$344$185$96$49$20
49 years$590$328$174$89$44$17
50 years$571$314$163$82$40$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $585,000, adding $2,943 every year, while hoping to spend $42,526 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: 43/36/21 Blend
49$585,000$585,000$585,000$585,000
50$647,706$616,701$607,633$671,482
51$668,524$601,672$582,742$673,579
52$690,041$584,481$555,591$671,488
53$712,283$564,978$526,060$668,353
54$735,276$543,002$494,024$664,101
55$759,051$518,386$459,350$658,653
56$783,637$490,950$421,901$651,925
57$809,066$460,505$381,534$643,830
58$835,373$426,851$338,097$634,277
59$862,592$389,778$291,434$623,169
60$890,760$349,061$241,381$610,403
61$919,918$304,465$187,767$595,871
62$950,106$255,740$130,414$579,461
63$981,368$202,623$69,134$561,053
64$1,013,751$144,835$3,734$540,523
65$1,047,305$82,083$0$517,738
66$1,082,080$14,055$0$507,363
67$1,118,133$0$0$496,304
68$1,155,522$0$0$507,222
69$1,194,311$0$0$524,332
70$1,234,564$0$0$542,096
71$1,276,355$0$0$560,547
72$1,319,758$0$0$579,719
73$1,364,854$0$0$599,650
74$1,411,730$0$0$620,379
75$1,460,478$0$0$641,949
76$1,511,199$0$0$664,405
77$1,563,999$0$0$687,796
78$1,618,991$0$0$712,175
79$1,676,301$0$0$737,599
80$1,736,059$0$0$764,129
81$1,798,409$0$0$791,831
82$1,863,504$0$0$820,776
83$1,931,512$0$0$851,040
84$2,002,611$0$0$882,708
85$2,076,996$0$0$915,869
86$2,154,877$0$0$950,622
87$2,236,481$0$0$987,070
88$2,322,057$0$0$1,025,331
89$2,411,870$0$0$1,065,527
90$2,506,213$0$0$1,107,796
91$2,605,402$0$0$1,152,284
92$2,709,780$0$0$1,199,151
93$2,819,721$0$0$1,248,573
94$2,935,632$0$0$1,300,741
95$3,057,959$0$0$1,355,860
96$3,187,183$0$0$1,414,159
97$3,323,834$0$0$1,475,885
98$3,468,487$0$0$1,541,307
99$3,621,772$0$0$1,610,721
100$3,784,376$0$0$1,684,450