Can I retire at age 50 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$48,804$48,370$47,945$47,531$47,127$46,869
2 years$24,161$23,711$23,274$22,852$22,442$22,181
3 years$15,947$15,495$15,060$14,641$14,238$13,984
4 years$11,841$11,391$10,960$10,548$10,155$9,908
5 years$9,378$8,930$8,505$8,102$7,719$7,481
6 years$7,737$7,292$6,874$6,479$6,108$5,879
7 years$6,565$6,124$5,712$5,327$4,967$4,747
8 years$5,686$5,249$4,844$4,469$4,121$3,909
9 years$5,003$4,571$4,172$3,806$3,470$3,267
10 years$4,457$4,029$3,638$3,281$2,957$2,763
11 years$4,011$3,587$3,202$2,856$2,543$2,357
12 years$3,639$3,219$2,842$2,505$2,204$2,026
13 years$3,324$2,909$2,539$2,211$1,922$1,753
14 years$3,055$2,644$2,281$1,963$1,685$1,523
15 years$2,822$2,416$2,060$1,751$1,483$1,330
16 years$2,618$2,216$1,868$1,567$1,311$1,165
17 years$2,439$2,041$1,699$1,408$1,162$1,024
18 years$2,279$1,886$1,551$1,269$1,034$902
19 years$2,137$1,748$1,420$1,147$921$797
20 years$2,009$1,624$1,303$1,039$823$705
21 years$1,893$1,513$1,199$943$736$625
22 years$1,788$1,412$1,105$857$660$555
23 years$1,692$1,321$1,020$781$592$493
24 years$1,604$1,238$944$712$533$439
25 years$1,524$1,161$874$650$479$391
26 years$1,449$1,092$810$594$432$349
27 years$1,381$1,027$753$544$389$311
28 years$1,317$968$700$499$351$278
29 years$1,258$913$651$457$317$249
30 years$1,203$862$606$420$286$222
31 years$1,152$815$565$385$259$199
32 years$1,103$771$528$354$234$178
33 years$1,058$731$493$326$212$159
34 years$1,016$692$460$300$192$143
35 years$976$657$430$276$174$128
36 years$939$623$402$254$158$115
37 years$903$592$377$234$143$103
38 years$870$563$353$216$129$92
39 years$838$535$331$199$117$83
40 years$808$509$310$183$106$74
41 years$779$485$290$169$97$67
42 years$752$461$272$156$88$60
43 years$727$440$256$144$80$54
44 years$702$419$240$133$72$48
45 years$679$400$225$123$66$43
46 years$657$381$212$114$60$39
47 years$635$364$199$105$54$35
48 years$615$347$187$97$49$31
49 years$596$332$176$90$45$28
50 years$577$317$165$83$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $591,000, adding $4,645 every year, while hoping to spend $39,855 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: 33/40/27 Blend
49$591,000$591,000$591,000$591,000
50$656,073$624,750$615,590$672,212
51$680,587$612,958$593,807$673,040
52$706,266$599,251$569,958$670,056
53$733,186$583,496$543,933$666,058
54$761,431$565,547$515,614$660,985
55$791,091$545,252$484,881$654,770
56$822,263$522,451$451,606$647,348
57$855,056$496,973$415,656$638,649
58$889,584$468,637$376,893$628,599
59$925,975$437,254$335,172$617,126
60$964,366$402,620$290,342$604,152
61$1,004,906$364,524$242,244$589,598
62$1,047,760$322,739$190,713$573,383
63$1,093,107$277,028$135,576$555,426
64$1,141,141$227,140$76,655$535,639
65$1,192,075$172,807$13,761$513,938
66$1,246,142$113,751$0$490,235
67$1,303,597$49,673$0$479,813
68$1,364,719$0$0$472,440
69$1,429,812$0$0$472,807
70$1,499,210$0$0$496,559
71$1,573,279$0$0$521,963
72$1,652,418$0$0$549,162
73$1,737,068$0$0$578,316
74$1,827,710$0$0$609,597
75$1,924,871$0$0$643,196
76$2,029,131$0$0$679,321
77$2,141,125$0$0$718,203
78$2,261,550$0$0$760,093
79$2,391,172$0$0$805,268
80$2,530,833$0$0$854,032
81$2,681,456$0$0$906,718
82$2,844,055$0$0$963,693
83$3,019,746$0$0$1,025,362
84$3,209,754$0$0$1,092,167
85$3,415,425$0$0$1,164,596
86$3,638,240$0$0$1,243,185
87$3,879,828$0$0$1,328,524
88$4,141,978$0$0$1,421,261
89$4,426,658$0$0$1,522,110
90$4,736,036$0$0$1,631,856
91$5,072,492$0$0$1,751,363
92$5,438,649$0$0$1,881,581
93$5,837,390$0$0$2,023,555
94$6,271,888$0$0$2,178,438
95$6,745,636$0$0$2,347,495
96$7,262,478$0$0$2,532,123
97$7,826,644$0$0$2,733,856
98$8,442,793$0$0$2,954,384
99$9,116,050$0$0$3,195,570
100$9,852,060$0$0$3,459,460