Can I retire at age 50 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$50,786$50,334$49,892$49,462$49,041$47,528
2 years$25,142$24,673$24,220$23,780$23,353$21,842
3 years$16,595$16,124$15,672$15,236$14,816$13,354
4 years$12,322$11,853$11,405$10,977$10,567$9,166
5 years$9,759$9,293$8,851$8,431$8,033$6,696
6 years$8,051$7,588$7,153$6,742$6,356$5,085
7 years$6,831$6,373$5,944$5,543$5,169$3,963
8 years$5,917$5,463$5,041$4,650$4,288$3,147
9 years$5,206$4,756$4,342$3,961$3,611$2,533
10 years$4,638$4,192$3,785$3,414$3,077$2,061
11 years$4,173$3,732$3,332$2,971$2,646$1,690
12 years$3,787$3,350$2,957$2,606$2,293$1,395
13 years$3,459$3,027$2,642$2,301$2,000$1,157
14 years$3,179$2,752$2,374$2,043$1,753$964
15 years$2,937$2,514$2,144$1,822$1,544$806
16 years$2,725$2,306$1,943$1,631$1,364$676
17 years$2,538$2,124$1,768$1,466$1,210$568
18 years$2,372$1,963$1,614$1,321$1,075$478
19 years$2,224$1,819$1,478$1,193$959$403
20 years$2,090$1,690$1,356$1,081$856$340
21 years$1,970$1,574$1,248$981$766$287
22 years$1,860$1,470$1,150$892$687$243
23 years$1,761$1,375$1,062$812$617$206
24 years$1,669$1,288$982$741$554$174
25 years$1,586$1,209$909$677$499$148
26 years$1,508$1,136$843$619$449$125
27 years$1,437$1,069$783$566$405$106
28 years$1,371$1,007$728$519$365$90
29 years$1,309$950$678$476$330$77
30 years$1,252$897$631$437$298$65
31 years$1,198$848$588$401$270$55
32 years$1,148$803$549$369$244$47
33 years$1,101$760$513$339$221$40
34 years$1,057$721$479$312$200$34
35 years$1,016$683$448$287$181$29
36 years$977$649$419$264$164$24
37 years$940$616$392$244$149$21
38 years$905$585$367$225$135$18
39 years$872$557$344$207$122$15
40 years$841$530$322$191$111$13
41 years$811$504$302$176$101$11
42 years$783$480$284$163$91$9
43 years$756$458$266$150$83$8
44 years$731$436$250$139$75$7
45 years$706$416$235$128$68$6
46 years$683$397$220$118$62$5
47 years$661$379$207$109$56$4
48 years$640$361$194$101$51$3
49 years$620$345$183$93$46$3
50 years$600$330$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $615,000, adding $3,702 every year, while hoping to spend $49,705 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: 51/24/25 Blend
49$615,000$615,000$615,000$615,000
50$681,549$648,954$639,421$711,359
51$698,181$627,867$607,956$711,360
52$714,844$604,080$573,771$706,024
53$731,488$577,410$536,722$699,215
54$748,057$547,661$496,660$690,815
55$764,488$514,625$453,427$680,694
56$780,709$478,085$406,860$668,715
57$796,639$437,809$356,788$654,731
58$812,187$393,553$303,031$638,584
59$827,252$345,059$245,404$620,101
60$841,718$292,053$183,712$599,101
61$855,457$234,248$117,750$575,386
62$868,327$171,338$47,307$548,744
63$880,165$103,003$0$518,946
64$890,794$28,903$0$493,182
65$900,014$0$0$477,702
66$907,603$0$0$473,208
67$913,314$0$0$475,255
68$916,870$0$0$476,056
69$917,967$0$0$475,436
70$916,264$0$0$473,204
71$911,385$0$0$469,146
72$902,910$0$0$463,026
73$890,375$0$0$454,582
74$873,266$0$0$443,523
75$851,012$0$0$429,527
76$822,982$0$0$412,237
77$788,475$0$0$391,260
78$746,718$0$0$366,157
79$696,852$0$0$336,446
80$637,930$0$0$301,592
81$568,903$0$0$261,003
82$488,611$0$0$214,028
83$395,772$0$0$159,942
84$288,970$0$0$97,949
85$166,637$0$0$27,165
86$27,045$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0