Can I retire at age 50 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$50,125$49,679$49,243$48,818$48,403$47,465
2 years$24,815$24,352$23,905$23,470$23,049$22,107
3 years$16,379$15,915$15,468$15,038$14,623$13,708
4 years$12,162$11,699$11,257$10,834$10,429$9,547
5 years$9,632$9,172$8,736$8,321$7,928$7,082
6 years$7,946$7,490$7,060$6,655$6,273$5,463
7 years$6,742$6,290$5,867$5,471$5,102$4,329
8 years$5,840$5,392$4,975$4,590$4,233$3,496
9 years$5,139$4,694$4,285$3,909$3,564$2,864
10 years$4,578$4,138$3,736$3,370$3,037$2,372
11 years$4,119$3,684$3,289$2,933$2,612$1,982
12 years$3,737$3,306$2,919$2,572$2,263$1,667
13 years$3,414$2,988$2,608$2,271$1,974$1,410
14 years$3,138$2,716$2,343$2,016$1,730$1,199
15 years$2,899$2,481$2,116$1,798$1,523$1,022
16 years$2,689$2,276$1,918$1,610$1,346$875
17 years$2,505$2,096$1,745$1,446$1,194$751
18 years$2,341$1,937$1,593$1,304$1,061$646
19 years$2,195$1,795$1,459$1,178$946$556
20 years$2,063$1,668$1,339$1,067$845$480
21 years$1,944$1,554$1,231$968$756$415
22 years$1,836$1,451$1,135$880$678$359
23 years$1,738$1,357$1,048$802$609$311
24 years$1,648$1,271$969$731$547$270
25 years$1,565$1,193$898$668$492$234
26 years$1,489$1,121$832$611$443$203
27 years$1,418$1,055$773$559$400$176
28 years$1,353$994$719$512$361$153
29 years$1,292$938$669$470$326$133
30 years$1,236$886$623$431$294$116
31 years$1,183$837$581$396$266$101
32 years$1,133$792$542$364$241$88
33 years$1,087$750$506$334$218$76
34 years$1,044$711$473$308$197$66
35 years$1,003$675$442$283$179$58
36 years$964$640$413$261$162$50
37 years$928$608$387$240$147$44
38 years$893$578$362$222$133$38
39 years$861$549$339$204$121$33
40 years$830$523$318$188$109$29
41 years$801$498$298$174$99$25
42 years$773$474$280$160$90$22
43 years$746$452$263$148$82$19
44 years$721$430$247$137$74$17
45 years$697$410$231$126$67$15
46 years$674$392$217$117$61$13
47 years$653$374$204$108$56$11
48 years$632$357$192$100$50$10
49 years$612$341$180$92$46$8
50 years$593$325$170$85$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $607,000, adding $6,176 every year, while hoping to spend $27,688 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: 32/47/21 Blend
49$607,000$607,000$607,000$607,000
50$675,285$643,114$633,705$692,343
51$714,704$645,166$625,474$707,717
52$757,216$646,392$616,040$721,323
53$803,107$646,720$605,332$735,404
54$852,691$646,077$593,278$750,018
55$906,315$644,384$579,802$765,232
56$964,358$641,557$564,824$781,122
57$1,027,237$637,508$548,261$797,772
58$1,095,412$632,143$530,025$815,281
59$1,169,389$625,362$510,025$833,756
60$1,249,721$617,060$488,166$853,322
61$1,337,021$607,124$464,347$874,116
62$1,431,960$595,436$438,466$896,295
63$1,535,277$581,870$410,412$920,033
64$1,647,786$566,292$380,071$945,528
65$1,770,382$548,563$347,326$972,999
66$1,904,051$528,532$312,051$1,002,694
67$2,049,876$506,042$274,117$1,034,890
68$2,209,051$480,926$233,388$1,069,894
69$2,382,890$453,007$189,722$1,108,053
70$2,572,839$422,098$142,971$1,149,753
71$2,780,489$388,002$92,981$1,195,423
72$3,007,595$350,509$39,592$1,245,546
73$3,256,085$309,400$0$1,300,655
74$3,528,085$264,440$0$1,365,242
75$3,825,935$215,383$0$1,445,798
76$4,152,213$161,969$0$1,534,220
77$4,509,756$103,923$0$1,631,374
78$4,901,690$40,954$0$1,738,220
79$5,331,457$0$0$1,855,818
80$5,802,849$0$0$1,999,437
81$6,320,042$0$0$2,180,343
82$6,887,636$0$0$2,378,977
83$7,510,697$0$0$2,597,122
84$8,194,807$0$0$2,836,745
85$8,946,114$0$0$3,100,014
86$9,771,390$0$0$3,389,315
87$10,678,097$0$0$3,707,278
88$11,674,453$0$0$4,056,798
89$12,769,514$0$0$4,441,068
90$13,973,257$0$0$4,863,603
91$15,296,670$0$0$5,328,278
92$16,751,862$0$0$5,839,360
93$18,352,175$0$0$6,401,552
94$20,112,306$0$0$7,020,035
95$22,048,449$0$0$7,700,516
96$24,178,446$0$0$8,449,287
97$26,521,956$0$0$9,273,277
98$29,100,639$0$0$10,180,122
99$31,938,361$0$0$11,178,235
100$35,061,419$0$0$12,276,889