Can I retire at age 50 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$49,382$48,942$48,513$48,094$47,685$46,953
2 years$24,447$23,991$23,550$23,122$22,707$21,972
3 years$16,136$15,679$15,238$14,815$14,406$13,690
4 years$11,981$11,525$11,090$10,673$10,275$9,583
5 years$9,489$9,036$8,606$8,198$7,811$7,146
6 years$7,828$7,379$6,955$6,556$6,180$5,543
7 years$6,643$6,197$5,780$5,390$5,026$4,416
8 years$5,754$5,312$4,902$4,522$4,170$3,587
9 years$5,062$4,625$4,222$3,851$3,512$2,957
10 years$4,510$4,076$3,681$3,320$2,992$2,464
11 years$4,058$3,629$3,240$2,889$2,573$2,071
12 years$3,682$3,257$2,876$2,534$2,230$1,754
13 years$3,364$2,944$2,569$2,237$1,945$1,493
14 years$3,091$2,676$2,308$1,986$1,705$1,278
15 years$2,856$2,444$2,084$1,771$1,501$1,097
16 years$2,649$2,243$1,890$1,586$1,326$946
17 years$2,468$2,065$1,720$1,425$1,176$817
18 years$2,306$1,908$1,570$1,284$1,046$708
19 years$2,162$1,769$1,437$1,160$932$615
20 years$2,032$1,644$1,319$1,051$833$534
21 years$1,915$1,531$1,213$954$745$465
22 years$1,809$1,429$1,118$867$668$406
23 years$1,712$1,337$1,032$790$599$354
24 years$1,623$1,252$955$720$539$309
25 years$1,542$1,175$884$658$485$271
26 years$1,467$1,105$820$602$437$237
27 years$1,397$1,039$762$551$394$207
28 years$1,333$979$708$504$355$182
29 years$1,273$924$659$463$321$159
30 years$1,217$873$614$425$290$140
31 years$1,165$825$572$390$262$122
32 years$1,117$781$534$358$237$107
33 years$1,071$739$498$330$215$94
34 years$1,028$701$466$303$194$83
35 years$988$665$435$279$176$73
36 years$950$631$407$257$159$64
37 years$914$599$381$237$144$56
38 years$880$569$357$218$131$49
39 years$848$541$334$201$119$43
40 years$818$515$313$186$108$38
41 years$789$490$294$171$98$33
42 years$761$467$276$158$89$29
43 years$735$445$259$146$80$26
44 years$711$424$243$135$73$23
45 years$687$404$228$124$66$20
46 years$664$386$214$115$60$18
47 years$643$368$201$106$55$15
48 years$622$351$189$98$50$14
49 years$603$336$178$91$45$12
50 years$584$321$167$84$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $598,000, adding $4,867 every year, while hoping to spend $50,981 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: 87/8/5 Blend
49$598,000$598,000$598,000$598,000
50$664,016$632,322$623,053$721,406
51$677,503$609,063$589,682$736,250
52$690,656$582,955$553,485$744,960
53$703,388$553,805$514,312$752,863
54$715,601$521,409$472,009$759,839
55$727,185$485,550$426,413$765,756
56$738,015$446,000$377,356$770,468
57$747,955$402,516$324,660$773,814
58$756,851$354,844$268,140$775,616
59$764,532$302,713$207,604$775,677
60$770,805$245,837$142,851$773,779
61$775,460$183,916$73,669$769,684
62$778,260$116,631$0$763,126
63$778,942$43,645$0$753,823
64$777,215$0$0$745,640
65$772,754$0$0$737,415
66$765,200$0$0$730,064
67$754,156$0$0$719,363
68$739,178$0$0$704,887
69$719,777$0$0$686,168
70$695,412$0$0$662,684
71$665,481$0$0$633,861
72$629,320$0$0$599,061
73$586,193$0$0$557,579
74$535,287$0$0$508,633
75$475,701$0$0$451,363
76$406,441$0$0$384,812
77$326,406$0$0$307,926
78$234,381$0$0$219,540
79$129,022$0$0$118,365
80$8,844$0$0$2,977
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0