Can I retire at age 50 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$50,291$49,843$49,406$48,979$48,563$47,427
2 years$24,896$24,433$23,983$23,548$23,125$21,988
3 years$16,433$15,967$15,519$15,087$14,671$13,567
4 years$12,202$11,737$11,294$10,869$10,464$9,402
5 years$9,664$9,202$8,764$8,349$7,954$6,937
6 years$7,972$7,514$7,083$6,677$6,294$5,323
7 years$6,765$6,311$5,886$5,489$5,119$4,194
8 years$5,859$5,409$4,992$4,605$4,247$3,367
9 years$5,156$4,710$4,299$3,922$3,576$2,742
10 years$4,593$4,151$3,748$3,381$3,047$2,257
11 years$4,133$3,696$3,300$2,942$2,621$1,874
12 years$3,750$3,317$2,929$2,581$2,271$1,566
13 years$3,426$2,998$2,617$2,279$1,980$1,316
14 years$3,148$2,725$2,351$2,023$1,736$1,111
15 years$2,908$2,489$2,123$1,804$1,528$941
16 years$2,698$2,284$1,924$1,615$1,351$800
17 years$2,513$2,103$1,751$1,451$1,198$681
18 years$2,349$1,944$1,599$1,308$1,065$582
19 years$2,202$1,801$1,463$1,182$949$497
20 years$2,070$1,674$1,343$1,070$848$426
21 years$1,951$1,559$1,235$971$759$365
22 years$1,842$1,455$1,139$883$680$314
23 years$1,743$1,361$1,051$804$611$270
24 years$1,653$1,275$972$734$549$232
25 years$1,570$1,197$901$670$494$200
26 years$1,494$1,125$835$613$445$172
27 years$1,423$1,059$776$561$401$148
28 years$1,357$998$721$514$362$128
29 years$1,296$941$671$471$327$110
30 years$1,240$889$625$432$295$95
31 years$1,187$840$583$397$267$82
32 years$1,137$795$544$365$241$71
33 years$1,091$753$508$336$219$61
34 years$1,047$713$474$309$198$53
35 years$1,006$677$443$284$179$45
36 years$967$642$415$262$162$39
37 years$931$610$388$241$147$34
38 years$896$580$364$222$133$29
39 years$864$551$341$205$121$25
40 years$833$525$319$189$110$22
41 years$803$499$299$174$100$19
42 years$775$476$281$161$90$16
43 years$749$453$263$149$82$14
44 years$724$432$247$137$74$12
45 years$700$412$232$127$68$11
46 years$677$393$218$117$61$9
47 years$655$375$205$108$56$8
48 years$634$358$193$100$51$7
49 years$614$342$181$92$46$6
50 years$595$326$170$85$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $609,000, adding $3,921 every year, while hoping to spend $27,035 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: 65/11/24 Blend
49$609,000$609,000$609,000$609,000
50$675,163$642,886$633,446$714,599
51$715,264$645,622$625,901$744,384
52$758,550$647,586$617,198$773,530
53$805,316$648,712$607,268$804,770
54$855,889$648,929$596,042$838,312
55$910,625$648,162$583,445$874,386
56$969,919$646,332$569,400$913,245
57$1,034,202$643,354$553,827$955,169
58$1,103,951$639,139$536,641$1,000,468
59$1,179,689$633,592$517,753$1,049,484
60$1,261,990$626,611$497,071$1,102,594
61$1,351,489$618,090$474,498$1,160,215
62$1,448,881$607,917$449,934$1,222,808
63$1,554,932$595,970$423,272$1,290,883
64$1,670,486$582,124$394,403$1,365,000
65$1,796,470$566,242$363,210$1,445,781
66$1,933,906$548,184$329,574$1,533,911
67$2,083,918$527,799$293,367$1,630,147
68$2,247,742$504,926$254,460$1,735,323
69$2,426,742$479,397$212,714$1,850,363
70$2,622,416$451,033$167,986$1,976,283
71$2,836,415$419,647$120,127$2,114,208
72$3,070,557$385,038$68,979$2,265,378
73$3,326,844$346,995$14,380$2,431,163
74$3,607,480$305,295$0$2,613,072
75$3,914,891$259,702$0$2,824,012
76$4,251,751$209,969$0$3,059,245
77$4,621,003$155,831$0$3,317,162
78$5,025,889$97,010$0$3,600,053
79$5,469,981$33,214$0$3,910,442
80$5,957,210$0$0$4,251,110
81$6,491,909$0$0$4,629,463
82$7,078,851$0$0$5,049,237
83$7,723,290$0$0$5,510,177
84$8,431,018$0$0$6,016,429
85$9,208,413$0$0$6,572,561
86$10,062,500$0$0$7,183,606
87$11,001,022$0$0$7,855,108
88$12,032,506$0$0$8,593,175
89$13,166,347$0$0$9,404,535
90$14,412,895$0$0$10,296,602
91$15,783,553$0$0$11,277,543
92$17,290,886$0$0$12,356,357
93$18,948,735$0$0$13,542,957
94$20,772,351$0$0$14,848,268
95$22,778,538$0$0$16,284,324
96$24,985,810$0$0$17,864,387
97$27,414,564$0$0$19,603,066
98$30,087,278$0$0$21,516,460
99$33,028,717$0$0$23,622,308
100$36,266,166$0$0$25,940,154