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%18.2%
1 years$49,547$49,106$48,676$48,255$47,845$46,258
2 years$24,528$24,072$23,629$23,200$22,783$21,200
3 years$16,190$15,731$15,289$14,864$14,455$12,924
4 years$12,021$11,564$11,127$10,709$10,309$8,844
5 years$9,521$9,066$8,635$8,225$7,837$6,440
6 years$7,855$7,403$6,978$6,578$6,201$4,875
7 years$6,665$6,217$5,799$5,408$5,043$3,786
8 years$5,773$5,329$4,918$4,537$4,184$2,996
9 years$5,079$4,640$4,236$3,864$3,523$2,403
10 years$4,525$4,090$3,693$3,331$3,002$1,947
11 years$4,072$3,641$3,251$2,899$2,582$1,591
12 years$3,694$3,268$2,885$2,543$2,237$1,308
13 years$3,375$2,953$2,578$2,245$1,951$1,081
14 years$3,102$2,685$2,316$1,993$1,710$897
15 years$2,865$2,452$2,091$1,777$1,506$746
16 years$2,658$2,250$1,896$1,591$1,331$623
17 years$2,476$2,072$1,725$1,430$1,180$521
18 years$2,314$1,915$1,575$1,289$1,049$437
19 years$2,169$1,775$1,442$1,164$935$366
20 years$2,039$1,649$1,323$1,054$835$308
21 years$1,922$1,536$1,217$957$748$259
22 years$1,815$1,434$1,122$870$670$218
23 years$1,718$1,341$1,036$792$601$184
24 years$1,629$1,256$958$723$541$155
25 years$1,547$1,179$887$660$486$131
26 years$1,472$1,108$823$604$438$110
27 years$1,402$1,043$764$552$395$93
28 years$1,337$983$710$506$356$79
29 years$1,277$927$661$464$322$66
30 years$1,221$876$616$426$291$56
31 years$1,169$828$574$391$263$47
32 years$1,120$783$536$360$238$40
33 years$1,075$742$500$331$215$34
34 years$1,032$703$467$304$195$29
35 years$991$667$437$280$177$24
36 years$953$633$409$258$160$21
37 years$917$601$382$238$145$17
38 years$883$571$358$219$131$15
39 years$851$543$336$202$119$12
40 years$820$517$315$186$108$10
41 years$791$492$295$172$98$9
42 years$764$468$277$159$89$8
43 years$738$446$260$146$81$6
44 years$713$425$244$135$73$5
45 years$689$406$229$125$67$5
46 years$667$387$215$115$60$4
47 years$645$369$202$107$55$3
48 years$624$353$190$98$50$3
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $600,000, adding $4,209 every year, while hoping to spend $38,071 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: 46/40/14 Blend
49$600,000$600,000$600,000$600,000
50$665,542$633,742$624,442$693,336
51$692,920$624,288$604,853$703,607
52$721,814$613,095$583,332$710,534
53$752,340$600,037$559,775$717,214
54$784,621$584,982$534,070$723,639
55$818,795$567,788$506,104$729,801
56$855,011$548,308$475,757$735,698
57$893,430$526,383$442,903$741,326
58$934,231$501,847$407,411$746,687
59$977,608$474,523$369,145$751,787
60$1,023,774$444,225$327,962$756,635
61$1,072,963$410,756$283,712$761,243
62$1,125,429$373,907$236,240$765,633
63$1,181,452$333,457$185,383$769,828
64$1,241,337$289,174$130,971$773,863
65$1,305,422$240,812$72,827$777,779
66$1,374,073$188,110$10,765$781,627
67$1,447,695$130,794$0$785,467
68$1,526,731$68,573$0$797,661
69$1,611,666$1,142$0$812,263
70$1,703,035$0$0$827,800
71$1,801,423$0$0$876,038
72$1,907,474$0$0$928,628
73$2,021,896$0$0$985,423
74$2,145,463$0$0$1,046,817
75$2,279,031$0$0$1,113,242
76$2,423,537$0$0$1,185,170
77$2,580,011$0$0$1,263,124
78$2,749,588$0$0$1,347,677
79$2,933,514$0$0$1,439,459
80$3,133,160$0$0$1,539,164
81$3,350,033$0$0$1,647,555
82$3,585,791$0$0$1,765,470
83$3,842,260$0$0$1,893,834
84$4,121,447$0$0$2,033,662
85$4,425,559$0$0$2,186,071
86$4,757,028$0$0$2,352,294
87$5,118,529$0$0$2,533,683
88$5,513,007$0$0$2,731,730
89$5,943,701$0$0$2,948,075
90$6,414,179$0$0$3,184,526
91$6,928,369$0$0$3,443,070
92$7,490,595$0$0$3,725,898
93$8,105,617$0$0$4,035,421
94$8,778,677$0$0$4,374,294
95$9,515,548$0$0$4,745,441
96$10,322,585$0$0$5,152,082
97$11,206,787$0$0$5,597,762
98$12,175,865$0$0$6,086,386
99$13,238,306$0$0$6,622,256
100$14,403,463$0$0$7,210,109