Can I retire at age 50 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$49,217$48,779$48,351$47,934$47,526$47,030
2 years$24,365$23,911$23,471$23,045$22,631$22,132
3 years$16,082$15,626$15,188$14,765$14,358$13,870
4 years$11,941$11,487$11,053$10,637$10,240$9,768
5 years$9,457$9,006$8,577$8,171$7,785$7,330
6 years$7,802$7,354$6,932$6,534$6,160$5,723
7 years$6,620$6,176$5,760$5,372$5,009$4,590
8 years$5,734$5,294$4,885$4,506$4,156$3,754
9 years$5,046$4,609$4,208$3,839$3,500$3,116
10 years$4,495$4,063$3,668$3,309$2,982$2,616
11 years$4,045$3,617$3,230$2,880$2,565$2,216
12 years$3,670$3,246$2,866$2,526$2,222$1,890
13 years$3,353$2,934$2,561$2,230$1,938$1,622
14 years$3,081$2,667$2,301$1,980$1,699$1,399
15 years$2,846$2,436$2,077$1,765$1,496$1,212
16 years$2,641$2,235$1,883$1,581$1,322$1,053
17 years$2,459$2,058$1,714$1,420$1,172$918
18 years$2,299$1,902$1,564$1,280$1,042$802
19 years$2,155$1,763$1,432$1,157$929$702
20 years$2,026$1,638$1,314$1,047$830$616
21 years$1,909$1,526$1,209$951$743$541
22 years$1,803$1,424$1,114$864$666$476
23 years$1,706$1,332$1,029$787$597$419
24 years$1,618$1,248$951$718$537$370
25 years$1,537$1,171$881$656$483$327
26 years$1,462$1,101$817$600$435$288
27 years$1,393$1,036$759$549$392$255
28 years$1,328$976$706$503$354$226
29 years$1,269$921$657$461$320$200
30 years$1,213$870$612$423$289$177
31 years$1,161$822$570$389$261$157
32 years$1,113$778$532$357$236$139
33 years$1,067$737$497$328$214$123
34 years$1,025$698$464$302$194$109
35 years$984$662$434$278$175$97
36 years$947$629$406$256$159$86
37 years$911$597$380$236$144$76
38 years$877$567$356$218$131$68
39 years$845$540$333$201$118$60
40 years$815$513$312$185$107$53
41 years$786$489$293$171$97$47
42 years$759$465$275$158$88$42
43 years$733$443$258$145$80$37
44 years$708$423$242$134$73$33
45 years$685$403$227$124$66$29
46 years$662$384$213$115$60$26
47 years$641$367$201$106$55$23
48 years$620$350$188$98$49$21
49 years$601$334$177$90$45$18
50 years$582$320$167$84$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $596,000, adding $2,302 every year, while hoping to spend $37,642 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: 65/12/23 Blend
49$596,000$596,000$596,000$596,000
50$659,167$627,579$618,341$697,954
51$686,351$618,279$599,004$715,048
52$715,046$607,262$577,758$729,266
53$745,367$594,404$554,500$743,942
54$777,438$579,574$529,119$759,122
55$811,396$562,633$501,504$774,860
56$847,390$543,433$471,535$791,215
57$885,582$521,819$439,090$808,256
58$926,149$497,626$404,038$826,059
59$969,287$470,681$366,244$844,708
60$1,015,208$440,798$325,567$864,300
61$1,064,146$407,783$281,859$884,941
62$1,116,354$371,430$234,967$906,753
63$1,172,113$331,521$184,730$929,870
64$1,231,730$287,827$130,979$954,442
65$1,295,539$240,103$73,539$980,638
66$1,363,909$188,093$12,228$1,008,646
67$1,437,244$131,526$0$1,038,676
68$1,515,987$70,115$0$1,084,018
69$1,600,624$3,557$0$1,135,928
70$1,691,689$0$0$1,191,744
71$1,789,769$0$0$1,260,884
72$1,895,507$0$0$1,335,959
73$2,009,611$0$0$1,417,005
74$2,132,857$0$0$1,504,578
75$2,266,100$0$0$1,599,289
76$2,410,278$0$0$1,701,810
77$2,566,422$0$0$1,812,879
78$2,735,668$0$0$1,933,308
79$2,919,261$0$0$2,063,989
80$3,118,575$0$0$2,205,905
81$3,335,118$0$0$2,360,135
82$3,570,549$0$0$2,527,867
83$3,826,695$0$0$2,710,408
84$4,105,564$0$0$2,909,196
85$4,409,367$0$0$3,125,814
86$4,740,536$0$0$3,362,003
87$5,101,749$0$0$3,619,680
88$5,495,952$0$0$3,900,955
89$5,926,390$0$0$4,208,150
90$6,396,633$0$0$4,543,821
91$6,910,611$0$0$4,910,785
92$7,472,654$0$0$5,312,138
93$8,087,525$0$0$5,751,294
94$8,760,472$0$0$6,232,009
95$9,497,272$0$0$6,758,421
96$10,304,288$0$0$7,335,085
97$11,188,525$0$0$7,967,019
98$12,157,700$0$0$8,659,749
99$13,220,312$0$0$9,419,360
100$14,385,720$0$0$10,252,556