Can I retire at age 50 with 587,000?

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 $587,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$48,474$48,042$47,621$47,210$46,808$46,223
2 years$23,997$23,550$23,117$22,697$22,290$21,701
3 years$15,839$15,390$14,958$14,542$14,141$13,568
4 years$11,761$11,313$10,886$10,477$10,086$9,531
5 years$9,315$8,870$8,448$8,047$7,667$7,133
6 years$7,684$7,243$6,827$6,435$6,067$5,554
7 years$6,520$6,083$5,673$5,291$4,934$4,443
8 years$5,648$5,214$4,811$4,438$4,093$3,623
9 years$4,969$4,540$4,144$3,781$3,447$2,998
10 years$4,427$4,001$3,613$3,259$2,937$2,509
11 years$3,983$3,562$3,181$2,836$2,526$2,119
12 years$3,614$3,197$2,823$2,488$2,189$1,802
13 years$3,302$2,889$2,522$2,196$1,909$1,542
14 years$3,035$2,626$2,266$1,950$1,673$1,325
15 years$2,803$2,399$2,046$1,739$1,473$1,144
16 years$2,601$2,201$1,855$1,557$1,302$990
17 years$2,422$2,027$1,688$1,399$1,154$860
18 years$2,264$1,873$1,541$1,261$1,027$749
19 years$2,122$1,736$1,411$1,139$915$653
20 years$1,995$1,613$1,295$1,032$817$571
21 years$1,880$1,503$1,191$936$731$500
22 years$1,776$1,403$1,097$851$656$438
23 years$1,680$1,312$1,013$775$588$385
24 years$1,593$1,229$937$707$529$338
25 years$1,513$1,154$868$646$476$297
26 years$1,440$1,084$805$590$429$261
27 years$1,371$1,020$748$540$387$230
28 years$1,308$961$695$495$349$203
29 years$1,250$907$647$454$315$179
30 years$1,195$857$602$417$285$158
31 years$1,144$810$562$383$257$139
32 years$1,096$766$524$352$233$123
33 years$1,051$726$489$323$211$108
34 years$1,009$688$457$298$191$96
35 years$970$652$427$274$173$85
36 years$932$619$400$252$156$75
37 years$897$588$374$232$142$66
38 years$864$559$350$214$129$58
39 years$832$531$328$198$117$52
40 years$803$506$308$182$106$46
41 years$774$481$289$168$96$40
42 years$747$458$271$155$87$36
43 years$722$437$254$143$79$32
44 years$697$416$238$132$72$28
45 years$674$397$224$122$65$25
46 years$652$379$210$113$59$22
47 years$631$361$198$104$54$19
48 years$611$345$186$96$49$17
49 years$592$329$174$89$44$15
50 years$573$315$164$82$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $587,000, adding $4,697 every year, while hoping to spend $37,611 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: 41/37/22 Blend
49$587,000$587,000$587,000$587,000
50$651,719$620,608$611,509$674,049
51$678,176$611,000$591,977$680,853
52$706,072$599,661$570,530$684,264
53$735,513$586,465$547,064$687,197
54$766,615$571,282$521,471$689,627
55$799,507$553,972$493,637$691,534
56$834,326$534,386$463,443$692,895
57$871,225$512,368$430,766$693,691
58$910,369$487,754$395,476$693,901
59$951,940$460,367$357,438$693,511
60$996,135$430,022$316,509$692,504
61$1,043,172$396,524$272,543$690,871
62$1,093,287$359,666$225,386$688,601
63$1,146,742$319,229$174,875$685,693
64$1,203,819$274,981$120,844$682,146
65$1,264,833$226,679$63,115$677,967
66$1,330,123$174,064$1,507$673,168
67$1,400,066$116,863$0$667,770
68$1,475,073$54,789$0$676,881
69$1,555,594$0$0$686,819
70$1,642,126$0$0$702,400
71$1,735,212$0$0$743,213
72$1,835,449$0$0$787,217
73$1,943,491$0$0$834,707
74$2,060,061$0$0$886,009
75$2,185,948$0$0$941,477
76$2,322,021$0$0$1,001,503
77$2,469,238$0$0$1,066,518
78$2,628,646$0$0$1,136,994
79$2,801,403$0$0$1,213,452
80$2,988,776$0$0$1,296,465
81$3,192,163$0$0$1,386,660
82$3,413,099$0$0$1,484,731
83$3,653,274$0$0$1,591,440
84$3,914,545$0$0$1,707,623
85$4,198,959$0$0$1,834,204
86$4,508,764$0$0$1,972,197
87$4,846,437$0$0$2,122,718
88$5,214,703$0$0$2,286,997
89$5,616,560$0$0$2,466,388
90$6,055,311$0$0$2,662,379
91$6,534,589$0$0$2,876,610
92$7,058,395$0$0$3,110,886
93$7,631,133$0$0$3,367,196
94$8,257,653$0$0$3,647,729
95$8,943,295$0$0$3,954,893
96$9,693,938$0$0$4,291,344
97$10,516,057$0$0$4,660,004
98$11,416,782$0$0$5,064,092
99$12,403,966$0$0$5,507,153
100$13,486,257$0$0$5,993,091