Can I retire at age 50 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$50,951$50,497$50,055$49,622$49,200$47,779
2 years$25,223$24,754$24,298$23,857$23,429$22,008
3 years$16,649$16,177$15,723$15,285$14,864$13,488
4 years$12,362$11,892$11,442$11,012$10,601$9,281
5 years$9,791$9,323$8,880$8,458$8,059$6,798
6 years$8,077$7,613$7,176$6,764$6,377$5,176
7 years$6,854$6,393$5,963$5,561$5,186$4,046
8 years$5,936$5,480$5,057$4,665$4,302$3,222
9 years$5,223$4,772$4,356$3,974$3,623$2,602
10 years$4,653$4,206$3,798$3,425$3,087$2,123
11 years$4,187$3,744$3,343$2,981$2,655$1,747
12 years$3,799$3,361$2,967$2,615$2,301$1,447
13 years$3,471$3,037$2,651$2,309$2,006$1,204
14 years$3,190$2,761$2,382$2,049$1,759$1,007
15 years$2,946$2,522$2,150$1,828$1,549$844
16 years$2,734$2,314$1,950$1,636$1,369$710
17 years$2,546$2,131$1,774$1,470$1,213$599
18 years$2,380$1,969$1,620$1,325$1,079$506
19 years$2,231$1,825$1,483$1,197$962$428
20 years$2,097$1,696$1,361$1,084$859$363
21 years$1,976$1,580$1,252$984$769$308
22 years$1,866$1,474$1,154$895$689$262
23 years$1,766$1,379$1,065$815$619$222
24 years$1,675$1,292$985$743$556$189
25 years$1,591$1,213$912$679$500$161
26 years$1,513$1,140$846$621$451$137
27 years$1,442$1,072$786$568$406$117
28 years$1,375$1,011$730$520$367$100
29 years$1,313$953$680$477$331$85
30 years$1,256$900$633$438$299$72
31 years$1,202$851$590$402$270$62
32 years$1,152$805$551$370$245$53
33 years$1,105$763$514$340$221$45
34 years$1,061$723$480$313$200$38
35 years$1,019$686$449$288$182$33
36 years$980$651$420$265$164$28
37 years$943$618$393$244$149$24
38 years$908$587$368$225$135$20
39 years$875$559$345$208$123$17
40 years$844$531$323$192$111$15
41 years$814$506$303$177$101$13
42 years$786$482$284$163$92$11
43 years$759$459$267$151$83$9
44 years$733$438$251$139$75$8
45 years$709$417$235$128$68$7
46 years$685$398$221$119$62$6
47 years$663$380$208$110$56$5
48 years$642$363$195$101$51$4
49 years$622$346$183$94$47$4
50 years$602$331$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 $617,000, adding $5,409 every year, while hoping to spend $35,856 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: 43/29/28 Blend
49$617,000$617,000$617,000$617,000
50$685,513$652,812$643,249$709,196
51$717,285$646,650$626,647$720,523
52$751,096$638,983$608,288$728,980
53$787,116$629,702$588,073$737,459
54$825,531$618,687$565,903$745,982
55$866,546$605,813$541,672$754,578
56$910,384$590,948$515,268$763,280
57$957,290$573,951$486,576$772,128
58$1,007,533$554,674$455,476$781,170
59$1,061,407$532,959$421,840$790,460
60$1,119,237$508,640$385,538$800,064
61$1,181,376$481,541$346,431$810,056
62$1,248,215$451,475$304,375$820,522
63$1,320,182$418,245$259,220$831,562
64$1,397,745$381,644$210,808$843,290
65$1,481,421$341,451$158,977$855,836
66$1,571,777$297,433$103,553$869,348
67$1,669,436$249,345$44,360$883,995
68$1,775,082$196,926$0$899,969
69$1,889,468$139,903$0$923,106
70$2,013,421$77,986$0$962,541
71$2,147,851$10,868$0$1,005,343
72$2,293,758$0$0$1,051,889
73$2,452,243$0$0$1,122,308
74$2,624,516$0$0$1,202,690
75$2,811,908$0$0$1,290,197
76$3,015,884$0$0$1,385,522
77$3,238,056$0$0$1,489,428
78$3,480,199$0$0$1,602,753
79$3,744,263$0$0$1,726,422
80$4,032,399$0$0$1,861,451
81$4,346,970$0$0$2,008,960
82$4,690,580$0$0$2,170,180
83$5,066,095$0$0$2,346,468
84$5,476,671$0$0$2,539,317
85$5,925,782$0$0$2,750,373
86$6,417,252$0$0$2,981,446
87$6,955,293$0$0$3,234,531
88$7,544,545$0$0$3,511,822
89$8,190,114$0$0$3,815,740
90$8,897,627$0$0$4,148,947
91$9,673,277$0$0$4,514,377
92$10,523,889$0$0$4,915,262
93$11,456,977$0$0$5,355,160
94$12,480,819$0$0$5,837,992
95$13,604,533$0$0$6,368,076
96$14,838,161$0$0$6,950,168
97$16,192,768$0$0$7,589,509
98$17,680,540$0$0$8,291,871
99$19,314,902$0$0$9,063,614
100$21,110,643$0$0$9,911,742