Can I retire at age 50 with 616,000?

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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$50,869$50,416$49,974$49,542$49,121$48,547
2 years$25,183$24,714$24,259$23,818$23,391$22,814
3 years$16,622$16,151$15,697$15,261$14,840$14,277
4 years$12,342$11,872$11,424$10,994$10,584$10,039
5 years$9,775$9,308$8,865$8,445$8,046$7,521
6 years$8,064$7,601$7,164$6,753$6,366$5,863
7 years$6,842$6,383$5,954$5,552$5,178$4,695
8 years$5,927$5,471$5,049$4,658$4,295$3,833
9 years$5,215$4,764$4,349$3,967$3,617$3,176
10 years$4,646$4,199$3,791$3,420$3,082$2,661
11 years$4,180$3,738$3,338$2,976$2,651$2,250
12 years$3,793$3,355$2,962$2,611$2,297$1,916
13 years$3,465$3,032$2,647$2,305$2,003$1,641
14 years$3,184$2,756$2,378$2,046$1,756$1,413
15 years$2,942$2,518$2,147$1,825$1,546$1,221
16 years$2,729$2,310$1,947$1,634$1,366$1,059
17 years$2,542$2,127$1,771$1,468$1,212$921
18 years$2,376$1,966$1,617$1,323$1,077$803
19 years$2,227$1,822$1,480$1,195$960$701
20 years$2,094$1,693$1,359$1,083$858$614
21 years$1,973$1,577$1,250$983$767$538
22 years$1,863$1,472$1,152$893$688$472
23 years$1,764$1,377$1,063$814$618$415
24 years$1,672$1,290$983$742$555$365
25 years$1,588$1,211$911$678$499$322
26 years$1,511$1,138$845$620$450$284
27 years$1,439$1,071$784$567$406$250
28 years$1,373$1,009$729$520$366$221
29 years$1,311$952$679$477$330$195
30 years$1,254$899$632$437$299$172
31 years$1,200$850$589$402$270$152
32 years$1,150$804$550$369$244$135
33 years$1,103$761$513$339$221$119
34 years$1,059$722$480$312$200$105
35 years$1,017$685$448$288$181$93
36 years$978$650$420$265$164$82
37 years$941$617$393$244$149$73
38 years$907$586$368$225$135$65
39 years$873$558$345$207$122$57
40 years$842$531$323$191$111$51
41 years$812$505$303$176$101$45
42 years$784$481$284$163$91$40
43 years$757$458$267$150$83$35
44 years$732$437$250$139$75$31
45 years$708$417$235$128$68$28
46 years$684$397$221$118$62$24
47 years$662$379$207$109$56$22
48 years$641$362$195$101$51$19
49 years$621$346$183$93$46$17
50 years$601$330$172$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $616,000, adding $6,549 every year, while hoping to spend $32,895 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: 49/21/30 Blend
49$616,000$616,000$616,000$616,000
50$685,587$652,939$643,391$713,048
51$720,517$649,933$629,945$730,014
52$757,907$645,677$614,946$744,694
53$797,974$640,076$598,306$760,016
54$840,955$633,027$579,937$776,059
55$887,109$624,422$559,742$792,910
56$936,724$614,148$537,622$810,667
57$990,111$602,083$513,474$829,440
58$1,047,616$588,099$487,189$849,355
59$1,109,617$572,059$458,654$870,550
60$1,176,528$553,821$427,750$893,181
61$1,248,808$533,232$394,353$917,422
62$1,326,956$510,130$358,334$943,469
63$1,411,525$484,346$319,557$971,541
64$1,503,120$455,698$277,882$1,001,881
65$1,602,408$423,997$233,161$1,034,761
66$1,710,121$389,041$185,239$1,070,486
67$1,827,066$350,616$133,957$1,109,392
68$1,954,128$308,497$79,146$1,151,858
69$2,092,282$262,447$20,630$1,198,303
70$2,242,601$212,214$0$1,249,194
71$2,406,266$157,531$0$1,318,436
72$2,584,574$98,120$0$1,401,140
73$2,778,955$33,682$0$1,491,400
74$2,990,982$0$0$1,589,996
75$3,222,386$0$0$1,706,131
76$3,475,071$0$0$1,841,509
77$3,751,137$0$0$1,989,478
78$4,052,893$0$0$2,151,283
79$4,382,880$0$0$2,328,298
80$4,743,898$0$0$2,522,032
81$5,139,031$0$0$2,734,149
82$5,571,671$0$0$2,966,480
83$6,045,557$0$0$3,221,043
84$6,564,805$0$0$3,500,058
85$7,133,949$0$0$3,805,973
86$7,757,980$0$0$4,141,482
87$8,442,398$0$0$4,509,552
88$9,193,260$0$0$4,913,453
89$10,017,236$0$0$5,356,786
90$10,921,675$0$0$5,843,517
91$11,914,671$0$0$6,378,015
92$13,005,141$0$0$6,965,094
93$14,202,907$0$0$7,610,054
94$15,518,789$0$0$8,318,739
95$16,964,708$0$0$9,097,581
96$18,553,794$0$0$9,953,671
97$20,300,517$0$0$10,894,818
98$22,220,813$0$0$11,929,627
99$24,332,243$0$0$13,067,579
100$26,654,154$0$0$14,319,117