Can I retire at age 50 with 595,000?

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 $595,000?

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$49,135$48,697$48,270$47,853$47,446$46,853
2 years$24,324$23,871$23,432$23,006$22,593$21,997
3 years$16,055$15,600$15,162$14,740$14,334$13,752
4 years$11,921$11,468$11,034$10,620$10,223$9,661
5 years$9,442$8,991$8,563$8,157$7,772$7,230
6 years$7,789$7,342$6,920$6,523$6,149$5,630
7 years$6,609$6,165$5,751$5,363$5,001$4,503
8 years$5,725$5,285$4,877$4,499$4,149$3,673
9 years$5,037$4,602$4,201$3,832$3,494$3,039
10 years$4,487$4,056$3,662$3,303$2,977$2,544
11 years$4,038$3,611$3,224$2,875$2,560$2,148
12 years$3,663$3,241$2,861$2,522$2,219$1,827
13 years$3,347$2,929$2,556$2,226$1,935$1,563
14 years$3,076$2,662$2,297$1,976$1,696$1,343
15 years$2,841$2,432$2,074$1,762$1,493$1,159
16 years$2,636$2,231$1,880$1,578$1,320$1,004
17 years$2,455$2,055$1,711$1,418$1,170$872
18 years$2,295$1,899$1,562$1,278$1,041$759
19 years$2,151$1,760$1,430$1,155$927$662
20 years$2,022$1,635$1,312$1,046$828$579
21 years$1,906$1,523$1,207$949$741$507
22 years$1,800$1,422$1,112$863$664$444
23 years$1,703$1,330$1,027$786$596$390
24 years$1,615$1,246$950$717$536$342
25 years$1,534$1,169$880$655$482$301
26 years$1,459$1,099$816$599$435$265
27 years$1,390$1,034$758$548$392$233
28 years$1,326$975$704$502$354$206
29 years$1,267$919$655$460$319$181
30 years$1,211$868$611$422$288$160
31 years$1,159$821$569$388$261$141
32 years$1,111$777$531$357$236$124
33 years$1,066$735$496$328$213$110
34 years$1,023$697$463$302$193$97
35 years$983$661$433$278$175$86
36 years$945$628$405$256$159$76
37 years$909$596$379$236$144$67
38 years$876$566$355$217$130$59
39 years$844$539$333$200$118$52
40 years$813$512$312$185$107$46
41 years$785$488$292$170$97$41
42 years$758$465$274$157$88$36
43 years$732$443$257$145$80$32
44 years$707$422$242$134$73$28
45 years$683$402$227$124$66$25
46 years$661$384$213$114$60$22
47 years$640$366$200$106$54$20
48 years$619$350$188$98$49$17
49 years$600$334$177$90$45$15
50 years$581$319$166$83$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $595,000, adding $6,007 every year, while hoping to spend $37,718 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: 53/34/13 Blend
49$595,000$595,000$595,000$595,000
50$661,886$630,351$621,129$694,389
51$689,267$621,107$601,805$707,966
52$718,176$610,145$580,570$718,183
53$748,731$597,343$557,319$728,436
54$781,056$582,568$531,944$738,738
55$815,292$565,681$504,332$749,106
56$851,588$546,536$474,364$759,558
57$890,111$524,977$441,916$770,119
58$931,040$500,838$406,857$780,819
59$974,573$473,947$369,054$791,692
60$1,020,926$444,117$328,365$802,781
61$1,070,337$411,155$284,641$814,134
62$1,123,063$374,853$237,728$825,809
63$1,179,389$334,995$187,466$837,872
64$1,239,627$291,349$133,686$850,399
65$1,304,116$243,673$76,212$863,481
66$1,373,233$191,710$14,861$877,220
67$1,447,386$135,187$0$891,732
68$1,527,026$73,818$0$914,172
69$1,612,648$7,300$0$940,329
70$1,704,794$0$0$968,343
71$1,804,060$0$0$1,022,641
72$1,911,101$0$0$1,084,181
73$2,026,635$0$0$1,150,652
74$2,151,453$0$0$1,222,512
75$2,286,422$0$0$1,300,269
76$2,432,497$0$0$1,384,479
77$2,590,727$0$0$1,475,753
78$2,762,264$0$0$1,574,764
79$2,948,378$0$0$1,682,251
80$3,150,464$0$0$1,799,027
81$3,370,054$0$0$1,925,989
82$3,608,837$0$0$2,064,119
83$3,868,670$0$0$2,214,502
84$4,151,595$0$0$2,378,329
85$4,459,861$0$0$2,556,911
86$4,795,941$0$0$2,751,693
87$5,162,558$0$0$2,964,263
88$5,562,710$0$0$3,196,369
89$5,999,694$0$0$3,449,938
90$6,477,143$0$0$3,727,088
91$6,999,054$0$0$4,030,152
92$7,569,829$0$0$4,361,701
93$8,194,314$0$0$4,724,563
94$8,877,847$0$0$5,121,853
95$9,626,303$0$0$5,557,001
96$10,446,153$0$0$6,033,784
97$11,344,524$0$0$6,556,364
98$12,329,264$0$0$7,129,321
99$13,409,017$0$0$7,757,703
100$14,593,303$0$0$8,447,067