Can I retire at age 50 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$49,547$49,106$48,676$48,255$47,845$47,404
2 years$24,528$24,072$23,629$23,200$22,783$22,339
3 years$16,190$15,731$15,289$14,864$14,455$14,021
4 years$12,021$11,564$11,127$10,709$10,309$9,890
5 years$9,521$9,066$8,635$8,225$7,837$7,432
6 years$7,855$7,403$6,978$6,578$6,201$5,812
7 years$6,665$6,217$5,799$5,408$5,043$4,670
8 years$5,773$5,329$4,918$4,537$4,184$3,826
9 years$5,079$4,640$4,236$3,864$3,523$3,181
10 years$4,525$4,090$3,693$3,331$3,002$2,675
11 years$4,072$3,641$3,251$2,899$2,582$2,270
12 years$3,694$3,268$2,885$2,543$2,237$1,941
13 years$3,375$2,953$2,578$2,245$1,951$1,669
14 years$3,102$2,685$2,316$1,993$1,710$1,442
15 years$2,865$2,452$2,091$1,777$1,506$1,251
16 years$2,658$2,250$1,896$1,591$1,331$1,090
17 years$2,476$2,072$1,725$1,430$1,180$952
18 years$2,314$1,915$1,575$1,289$1,049$833
19 years$2,169$1,775$1,442$1,164$935$731
20 years$2,039$1,649$1,323$1,054$835$643
21 years$1,922$1,536$1,217$957$748$566
22 years$1,815$1,434$1,122$870$670$499
23 years$1,718$1,341$1,036$792$601$441
24 years$1,629$1,256$958$723$541$390
25 years$1,547$1,179$887$660$486$345
26 years$1,472$1,108$823$604$438$305
27 years$1,402$1,043$764$552$395$271
28 years$1,337$983$710$506$356$240
29 years$1,277$927$661$464$322$213
30 years$1,221$876$616$426$291$189
31 years$1,169$828$574$391$263$168
32 years$1,120$783$536$360$238$149
33 years$1,075$742$500$331$215$133
34 years$1,032$703$467$304$195$118
35 years$991$667$437$280$177$105
36 years$953$633$409$258$160$93
37 years$917$601$382$238$145$83
38 years$883$571$358$219$131$74
39 years$851$543$336$202$119$66
40 years$820$517$315$186$108$58
41 years$791$492$295$172$98$52
42 years$764$468$277$159$89$46
43 years$738$446$260$146$81$41
44 years$713$425$244$135$73$37
45 years$689$406$229$125$67$33
46 years$667$387$215$115$60$29
47 years$645$369$202$107$55$26
48 years$624$353$190$98$50$23
49 years$605$337$178$91$45$21
50 years$586$322$168$84$41$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $600,000, adding $2,471 every year, while hoping to spend $21,928 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: 61/18/21 Blend
49$600,000$600,000$600,000$600,000
50$663,749$631,949$622,649$700,447
51$708,120$639,583$620,176$733,200
52$756,282$646,857$616,886$766,292
53$808,599$653,728$612,728$801,915
54$865,469$660,155$607,648$840,316
55$927,335$666,090$601,591$881,772
56$994,678$671,483$594,500$926,586
57$1,068,032$676,283$586,312$975,093
58$1,147,983$680,432$576,966$1,027,661
59$1,235,176$683,872$566,393$1,084,700
60$1,330,321$686,539$554,523$1,146,659
61$1,434,198$688,364$541,285$1,214,036
62$1,547,670$689,277$526,601$1,287,377
63$1,671,681$689,201$510,391$1,367,288
64$1,807,276$688,055$492,573$1,454,437
65$1,955,601$685,752$473,057$1,549,560
66$2,117,921$682,203$451,753$1,653,469
67$2,295,627$677,309$428,565$1,767,061
68$2,490,252$670,968$403,393$1,891,326
69$2,703,483$663,072$376,132$2,027,354
70$2,937,180$653,504$346,674$2,176,350
71$3,193,390$642,142$314,905$2,339,642
72$3,474,365$628,857$280,704$2,518,695
73$3,782,591$613,512$243,948$2,715,126
74$4,120,802$595,960$204,507$2,930,717
75$4,492,011$576,049$162,245$3,167,436
76$4,899,535$553,615$117,020$3,427,452
77$5,347,032$528,486$68,684$3,713,157
78$5,838,527$500,480$17,082$4,027,191
79$6,378,456$469,403$0$4,372,464
80$6,971,707$435,052$0$4,760,698
81$7,623,663$397,212$0$5,191,560
82$8,340,255$355,654$0$5,665,161
83$9,128,018$310,137$0$6,185,849
84$9,994,149$260,407$0$6,758,415
85$10,946,580$206,195$0$7,388,138
86$11,994,050$147,217$0$8,080,839
87$13,146,186$83,174$0$8,842,932
88$14,413,595$13,747$0$9,681,489
89$15,807,965$0$0$10,604,301
90$17,342,171$0$0$11,632,120
91$19,030,404$0$0$12,766,176
92$20,888,295$0$0$14,014,255
93$22,933,070$0$0$15,387,934
94$25,183,708$0$0$16,899,972
95$27,661,123$0$0$18,564,426
96$30,388,357$0$0$20,396,784
97$33,390,801$0$0$22,414,115
98$36,696,434$0$0$24,635,224
99$40,336,085$0$0$27,080,835
100$44,343,723$0$0$29,773,782