Can I retire at age 50 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$50,621$50,170$49,730$49,301$48,881$48,191
2 years$25,060$24,593$24,141$23,702$23,277$22,582
3 years$16,541$16,072$15,621$15,186$14,768$14,091
4 years$12,282$11,815$11,368$10,941$10,533$9,879
5 years$9,727$9,263$8,822$8,404$8,007$7,378
6 years$8,025$7,564$7,129$6,720$6,335$5,732
7 years$6,809$6,352$5,925$5,525$5,152$4,575
8 years$5,898$5,445$5,025$4,635$4,274$3,723
9 years$5,189$4,741$4,328$3,948$3,600$3,073
10 years$4,623$4,179$3,773$3,403$3,067$2,566
11 years$4,160$3,720$3,322$2,962$2,638$2,161
12 years$3,774$3,339$2,948$2,598$2,286$1,833
13 years$3,448$3,017$2,634$2,294$1,993$1,564
14 years$3,169$2,743$2,366$2,036$1,747$1,341
15 years$2,927$2,506$2,137$1,816$1,538$1,154
16 years$2,716$2,299$1,937$1,626$1,360$997
17 years$2,530$2,117$1,763$1,461$1,206$863
18 years$2,364$1,956$1,609$1,316$1,072$749
19 years$2,216$1,813$1,473$1,190$955$652
20 years$2,083$1,685$1,352$1,077$853$568
21 years$1,963$1,569$1,243$978$764$496
22 years$1,854$1,465$1,146$889$685$433
23 years$1,755$1,370$1,058$810$615$379
24 years$1,664$1,284$979$738$552$332
25 years$1,580$1,205$906$674$497$291
26 years$1,503$1,132$841$617$448$255
27 years$1,432$1,066$781$564$404$224
28 years$1,366$1,004$726$517$364$197
29 years$1,305$947$675$474$329$173
30 years$1,248$895$629$435$297$152
31 years$1,194$846$586$400$269$134
32 years$1,145$800$547$367$243$118
33 years$1,098$758$511$338$220$103
34 years$1,054$718$477$311$199$91
35 years$1,013$681$446$286$180$80
36 years$974$647$417$263$163$71
37 years$937$614$391$243$148$62
38 years$902$584$366$224$134$55
39 years$869$555$343$206$122$48
40 years$838$528$321$190$110$43
41 years$809$503$301$176$100$37
42 years$780$479$283$162$91$33
43 years$754$456$265$150$83$29
44 years$728$435$249$138$75$26
45 years$704$415$234$128$68$23
46 years$681$395$220$118$62$20
47 years$659$377$206$109$56$18
48 years$638$360$194$101$51$15
49 years$618$344$182$93$46$14
50 years$599$329$171$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $613,000, adding $5,802 every year, while hoping to spend $22,882 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: 39/44/17 Blend
49$613,000$613,000$613,000$613,000
50$681,511$649,022$639,520$704,422
51$726,679$656,478$636,598$728,795
52$775,687$663,532$632,811$752,499
53$828,902$670,141$628,106$777,647
54$886,730$676,257$622,427$804,381
55$949,615$681,832$615,716$832,858
56$1,018,045$686,812$607,913$863,253
57$1,092,560$691,140$598,952$895,762
58$1,173,752$694,756$588,768$930,598
59$1,262,273$697,597$577,289$968,001
60$1,358,839$699,594$564,443$1,008,234
61$1,464,242$700,675$550,153$1,051,590
62$1,579,350$700,763$534,338$1,098,393
63$1,705,120$699,777$516,915$1,149,003
64$1,842,606$697,630$497,796$1,203,816
65$1,992,968$694,230$476,888$1,263,273
66$2,157,483$689,480$454,096$1,327,861
67$2,337,557$683,275$429,319$1,398,118
68$2,534,739$675,507$402,453$1,474,642
69$2,750,735$666,059$373,387$1,558,092
70$2,987,422$654,808$342,007$1,649,198
71$3,246,868$641,623$308,194$1,748,769
72$3,531,352$626,366$271,822$1,857,698
73$3,843,382$608,890$232,760$1,976,972
74$4,185,722$589,040$190,873$2,107,683
75$4,561,416$566,653$146,017$2,251,040
76$4,973,816$541,555$98,044$2,408,376
77$5,426,615$513,562$46,799$2,581,168
78$5,923,883$482,479$0$2,771,045
79$6,470,100$448,101$0$2,981,241
80$7,070,203$410,212$0$3,221,466
81$7,729,632$368,580$0$3,485,455
82$8,454,378$322,964$0$3,775,671
83$9,251,042$273,107$0$4,094,831
84$10,126,897$218,738$0$4,445,937
85$11,089,956$159,571$0$4,832,299
86$12,149,044$95,303$0$5,257,571
87$13,313,889$25,615$0$5,725,787
88$14,595,206$0$0$6,241,394
89$16,004,801$0$0$6,833,430
90$17,555,683$0$0$7,498,547
91$19,262,184$0$0$8,230,501
92$21,140,097$0$0$9,036,078
93$23,206,821$0$0$9,922,756
94$25,481,530$0$0$10,898,771
95$27,985,350$0$0$11,973,203
96$30,741,557$0$0$13,156,054
97$33,775,800$0$0$14,458,346
98$37,116,343$0$0$15,892,223
99$40,794,326$0$0$17,471,068
100$44,844,065$0$0$19,209,627