Can I retire at age 50 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$49,960$49,515$49,081$48,657$48,244$47,020
2 years$24,733$24,272$23,826$23,393$22,973$21,748
3 years$16,325$15,862$15,417$14,988$14,575$13,387
4 years$12,122$11,660$11,220$10,798$10,395$9,254
5 years$9,600$9,142$8,707$8,294$7,902$6,810
6 years$7,920$7,465$7,036$6,633$6,253$5,211
7 years$6,720$6,269$5,847$5,453$5,085$4,094
8 years$5,821$5,374$4,959$4,575$4,219$3,278
9 years$5,122$4,679$4,271$3,896$3,553$2,661
10 years$4,563$4,124$3,724$3,359$3,027$2,184
11 years$4,106$3,672$3,278$2,923$2,603$1,807
12 years$3,725$3,295$2,909$2,564$2,256$1,505
13 years$3,403$2,978$2,599$2,264$1,967$1,261
14 years$3,128$2,707$2,336$2,009$1,725$1,061
15 years$2,889$2,473$2,109$1,792$1,518$895
16 years$2,680$2,269$1,912$1,605$1,342$758
17 years$2,497$2,089$1,740$1,442$1,190$643
18 years$2,333$1,931$1,588$1,299$1,058$547
19 years$2,187$1,789$1,454$1,174$943$466
20 years$2,056$1,663$1,334$1,063$842$398
21 years$1,938$1,549$1,227$965$754$340
22 years$1,830$1,446$1,131$877$676$291
23 years$1,732$1,352$1,044$799$607$249
24 years$1,642$1,267$966$729$545$213
25 years$1,560$1,189$895$666$491$183
26 years$1,484$1,117$830$609$442$157
27 years$1,414$1,052$770$557$398$135
28 years$1,348$991$716$510$359$115
29 years$1,288$935$667$468$325$99
30 years$1,232$883$621$430$293$85
31 years$1,179$835$579$394$265$73
32 years$1,130$790$540$363$240$63
33 years$1,083$748$504$333$217$54
34 years$1,040$709$471$307$197$46
35 years$999$672$440$282$178$40
36 years$961$638$412$260$161$34
37 years$925$606$386$240$146$30
38 years$890$576$361$221$133$25
39 years$858$548$338$204$120$22
40 years$827$521$317$188$109$19
41 years$798$496$297$173$99$16
42 years$770$472$279$160$90$14
43 years$744$450$262$148$81$12
44 years$719$429$246$136$74$10
45 years$695$409$231$126$67$9
46 years$672$390$217$116$61$8
47 years$650$372$204$107$55$7
48 years$630$356$191$99$50$6
49 years$610$340$180$92$46$5
50 years$591$324$169$85$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $605,000, adding $3,678 every year, while hoping to spend $40,858 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: 54/28/18 Blend
49$605,000$605,000$605,000$605,000
50$670,504$638,439$629,061$703,266
51$695,423$626,250$606,662$713,885
52$721,514$612,094$582,144$720,794
53$748,854$595,832$555,391$727,416
54$777,525$577,316$526,285$733,734
55$807,618$556,390$494,701$739,732
56$839,231$532,889$460,509$745,397
57$872,469$506,637$423,572$750,713
58$907,447$477,449$383,748$755,670
59$944,292$445,129$340,889$760,257
60$983,140$409,471$294,840$764,466
61$1,024,140$370,255$245,437$768,291
62$1,067,456$327,250$192,512$771,730
63$1,113,263$280,212$135,887$774,783
64$1,161,755$228,882$75,379$777,456
65$1,213,145$172,987$10,795$779,758
66$1,267,662$112,240$0$781,705
67$1,325,559$46,336$0$794,483
68$1,387,113$0$0$809,896
69$1,452,625$0$0$833,665
70$1,522,426$0$0$874,233
71$1,596,878$0$0$917,539
72$1,676,378$0$0$963,816
73$1,761,361$0$0$1,013,324
74$1,852,303$0$0$1,066,345
75$1,949,726$0$0$1,123,188
76$2,054,203$0$0$1,184,193
77$2,166,364$0$0$1,249,734
78$2,286,898$0$0$1,320,219
79$2,416,563$0$0$1,396,099
80$2,556,191$0$0$1,477,867
81$2,706,694$0$0$1,566,066
82$2,869,077$0$0$1,661,291
83$3,044,440$0$0$1,764,196
84$3,233,997$0$0$1,875,501
85$3,439,078$0$0$1,995,998
86$3,661,146$0$0$2,126,554
87$3,901,810$0$0$2,268,127
88$4,162,840$0$0$2,421,767
89$4,446,181$0$0$2,588,631
90$4,753,973$0$0$2,769,990
91$5,088,569$0$0$2,967,243
92$5,452,559$0$0$3,181,929
93$5,848,793$0$0$3,415,742
94$6,280,404$0$0$3,670,545
95$6,750,844$0$0$3,948,390
96$7,263,908$0$0$4,251,534
97$7,823,776$0$0$4,582,462
98$8,435,048$0$0$4,943,908
99$9,102,786$0$0$5,338,883
100$9,832,565$0$0$5,770,704