Can I retire at age 50 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,208$49,761$49,325$48,899$48,483$47,215
2 years$24,855$24,393$23,944$23,509$23,087$21,818
3 years$16,406$15,941$15,493$15,062$14,647$13,418
4 years$12,182$11,718$11,275$10,852$10,447$9,265
5 years$9,648$9,187$8,750$8,335$7,941$6,811
6 years$7,959$7,502$7,071$6,666$6,284$5,206
7 years$6,754$6,300$5,876$5,480$5,110$4,086
8 years$5,850$5,400$4,984$4,597$4,240$3,267
9 years$5,147$4,702$4,292$3,916$3,570$2,649
10 years$4,585$4,145$3,742$3,375$3,042$2,171
11 years$4,126$3,690$3,295$2,938$2,616$1,795
12 years$3,743$3,312$2,924$2,577$2,267$1,493
13 years$3,420$2,993$2,612$2,275$1,977$1,249
14 years$3,143$2,720$2,347$2,019$1,733$1,049
15 years$2,903$2,485$2,119$1,801$1,526$884
16 years$2,694$2,280$1,921$1,613$1,349$748
17 years$2,509$2,100$1,748$1,449$1,196$634
18 years$2,345$1,940$1,596$1,306$1,063$538
19 years$2,198$1,798$1,461$1,180$948$458
20 years$2,066$1,671$1,341$1,069$846$390
21 years$1,947$1,557$1,233$970$758$333
22 years$1,839$1,453$1,137$882$679$284
23 years$1,741$1,359$1,050$803$610$243
24 years$1,650$1,273$971$732$548$208
25 years$1,568$1,195$899$669$493$178
26 years$1,491$1,123$834$612$444$152
27 years$1,421$1,057$774$560$400$130
28 years$1,355$996$720$513$361$112
29 years$1,294$939$670$470$326$96
30 years$1,238$887$624$432$295$82
31 years$1,185$839$582$396$266$71
32 years$1,135$794$543$364$241$61
33 years$1,089$752$507$335$218$52
34 years$1,045$712$473$308$198$45
35 years$1,004$676$443$284$179$38
36 years$966$641$414$261$162$33
37 years$929$609$388$241$147$28
38 years$895$579$363$222$133$24
39 years$862$550$340$205$121$21
40 years$831$524$319$189$110$18
41 years$802$498$299$174$99$15
42 years$774$475$280$161$90$13
43 years$748$452$263$148$82$11
44 years$722$431$247$137$74$10
45 years$698$411$232$127$67$8
46 years$675$392$218$117$61$7
47 years$654$374$205$108$56$6
48 years$633$357$192$100$50$5
49 years$613$341$181$92$46$5
50 years$594$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $608,000, adding $3,407 every year, while hoping to spend $37,837 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: 55/37/8 Blend
49$608,000$608,000$608,000$608,000
50$673,530$641,306$631,882$709,111
51$701,972$632,472$612,792$724,709
52$732,047$621,937$591,794$737,209
53$763,881$609,577$568,785$749,905
54$797,613$595,263$543,655$762,820
55$833,394$578,855$516,292$775,984
56$871,389$560,208$486,577$789,428
57$911,779$539,166$454,385$803,194
58$954,761$515,565$419,587$817,325
59$1,000,551$489,233$382,048$831,876
60$1,049,387$459,985$341,627$846,906
61$1,101,528$427,627$298,174$862,486
62$1,157,257$391,955$251,537$878,695
63$1,216,888$352,751$201,554$895,626
64$1,280,761$309,786$148,056$913,381
65$1,349,251$262,818$90,868$932,081
66$1,422,769$211,591$29,807$951,860
67$1,501,767$155,834$0$972,870
68$1,586,740$95,262$0$998,304
69$1,678,231$29,574$0$1,028,248
70$1,776,838$0$0$1,060,397
71$1,883,218$0$0$1,111,931
72$1,998,089$0$0$1,180,626
73$2,122,246$0$0$1,254,920
74$2,256,557$0$0$1,335,338
75$2,401,981$0$0$1,422,459
76$2,559,568$0$0$1,516,921
77$2,730,475$0$0$1,619,424
78$2,915,975$0$0$1,730,736
79$3,117,465$0$0$1,851,706
80$3,336,486$0$0$1,983,264
81$3,574,730$0$0$2,126,435
82$3,834,059$0$0$2,282,348
83$4,116,523$0$0$2,452,243
84$4,424,376$0$0$2,637,485
85$4,760,102$0$0$2,839,579
86$5,126,432$0$0$3,060,178
87$5,526,373$0$0$3,301,103
88$5,963,235$0$0$3,564,359
89$6,440,661$0$0$3,852,153
90$6,962,664$0$0$4,166,916
91$7,533,660$0$0$4,511,323
92$8,158,514$0$0$4,888,319
93$8,842,580$0$0$5,301,150
94$9,591,755$0$0$5,753,387
95$10,412,534$0$0$6,248,966
96$11,312,068$0$0$6,792,219
97$12,298,235$0$0$7,387,918
98$13,379,710$0$0$8,041,319
99$14,566,047$0$0$8,758,212
100$15,867,771$0$0$9,544,974