Can I retire at age 50 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$48,722$48,288$47,864$47,451$47,047$45,817
2 years$24,120$23,670$23,235$22,813$22,404$21,172
3 years$15,920$15,469$15,035$14,616$14,214$13,020
4 years$11,821$11,371$10,941$10,530$10,137$8,991
5 years$9,362$8,915$8,491$8,088$7,706$6,610
6 years$7,724$7,280$6,862$6,468$6,098$5,052
7 years$6,554$6,114$5,702$5,318$4,959$3,965
8 years$5,677$5,241$4,836$4,461$4,114$3,171
9 years$4,995$4,563$4,165$3,800$3,465$2,571
10 years$4,450$4,022$3,631$3,276$2,952$2,107
11 years$4,004$3,580$3,197$2,851$2,539$1,741
12 years$3,633$3,214$2,837$2,500$2,200$1,449
13 years$3,319$2,904$2,535$2,208$1,919$1,212
14 years$3,050$2,640$2,278$1,960$1,682$1,018
15 years$2,817$2,412$2,056$1,748$1,481$858
16 years$2,614$2,213$1,864$1,565$1,309$726
17 years$2,435$2,038$1,697$1,406$1,160$615
18 years$2,275$1,883$1,549$1,267$1,032$522
19 years$2,133$1,745$1,418$1,145$920$444
20 years$2,005$1,622$1,301$1,037$821$379
21 years$1,890$1,510$1,197$941$735$323
22 years$1,785$1,410$1,103$856$659$276
23 years$1,689$1,319$1,018$779$591$236
24 years$1,602$1,236$942$711$532$202
25 years$1,521$1,159$872$649$478$173
26 years$1,447$1,090$809$593$431$148
27 years$1,378$1,026$751$543$389$127
28 years$1,315$966$698$498$351$108
29 years$1,256$912$650$456$317$93
30 years$1,201$861$605$419$286$80
31 years$1,150$814$564$385$259$68
32 years$1,102$770$527$354$234$59
33 years$1,057$729$492$325$212$50
34 years$1,014$691$459$299$192$43
35 years$975$656$430$275$174$37
36 years$937$622$402$254$157$32
37 years$902$591$376$234$143$27
38 years$868$562$352$215$129$23
39 years$837$534$330$199$117$20
40 years$807$508$309$183$106$17
41 years$778$484$290$169$96$15
42 years$751$461$272$156$88$13
43 years$725$439$255$144$79$11
44 years$701$418$240$133$72$9
45 years$678$399$225$123$65$8
46 years$655$381$211$113$59$7
47 years$634$363$199$105$54$6
48 years$614$347$187$97$49$5
49 years$595$331$175$89$45$4
50 years$576$316$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $590,000, adding $5,566 every year, while hoping to spend $41,306 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: 42/43/15 Blend
49$590,000$590,000$590,000$590,000
50$655,921$624,651$615,506$680,371
51$678,876$611,310$592,177$684,786
52$702,788$595,931$566,681$685,059
53$727,710$578,369$538,903$684,466
54$753,702$558,475$508,721$682,944
55$780,826$536,086$476,010$680,433
56$809,149$511,033$440,635$676,865
57$838,744$483,136$402,458$672,173
58$869,690$452,204$361,335$666,283
59$902,073$418,036$317,114$659,123
60$935,985$380,420$269,637$650,613
61$971,525$339,131$218,740$640,674
62$1,008,803$293,931$164,250$629,222
63$1,047,936$244,568$105,988$616,170
64$1,089,052$190,778$43,765$601,430
65$1,132,290$132,281$0$584,908
66$1,177,801$68,780$0$570,133
67$1,225,749$0$0$561,095
68$1,276,315$0$0$550,732
69$1,329,692$0$0$574,178
70$1,386,095$0$0$598,983
71$1,445,755$0$0$625,256
72$1,508,927$0$0$653,111
73$1,575,886$0$0$682,677
74$1,646,937$0$0$714,090
75$1,722,409$0$0$747,504
76$1,802,665$0$0$783,085
77$1,888,102$0$0$821,013
78$1,979,152$0$0$861,489
79$2,076,291$0$0$904,731
80$2,180,039$0$0$950,978
81$2,290,966$0$0$1,000,491
82$2,409,697$0$0$1,053,559
83$2,536,919$0$0$1,110,498
84$2,673,382$0$0$1,171,652
85$2,819,911$0$0$1,237,402
86$2,977,413$0$0$1,308,166
87$3,146,881$0$0$1,384,400
88$3,329,406$0$0$1,466,609
89$3,526,188$0$0$1,555,345
90$3,738,542$0$0$1,651,214
91$3,967,917$0$0$1,754,885
92$4,215,900$0$0$1,867,091
93$4,484,241$0$0$1,988,638
94$4,774,860$0$0$2,120,412
95$5,089,868$0$0$2,263,388
96$5,431,588$0$0$2,418,639
97$5,802,574$0$0$2,587,344
98$6,205,635$0$0$2,770,800
99$6,643,861$0$0$2,970,433
100$7,120,652$0$0$3,187,816