Can I retire at age 50 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$51,116$50,661$50,217$49,783$49,360$48,622
2 years$25,305$24,834$24,377$23,934$23,505$22,763
3 years$16,703$16,229$15,774$15,335$14,912$14,190
4 years$12,402$11,930$11,479$11,048$10,636$9,938
5 years$9,822$9,353$8,908$8,486$8,085$7,414
6 years$8,103$7,638$7,199$6,786$6,397$5,754
7 years$6,876$6,414$5,983$5,579$5,203$4,587
8 years$5,956$5,498$5,074$4,680$4,316$3,729
9 years$5,240$4,787$4,370$3,987$3,635$3,075
10 years$4,668$4,220$3,810$3,437$3,097$2,564
11 years$4,201$3,756$3,354$2,991$2,664$2,157
12 years$3,811$3,372$2,977$2,623$2,308$1,827
13 years$3,482$3,047$2,659$2,316$2,013$1,557
14 years$3,200$2,770$2,390$2,056$1,764$1,333
15 years$2,956$2,530$2,157$1,833$1,554$1,146
16 years$2,742$2,321$1,956$1,642$1,373$988
17 years$2,554$2,138$1,780$1,475$1,217$855
18 years$2,387$1,975$1,625$1,329$1,082$741
19 years$2,238$1,831$1,487$1,201$965$643
20 years$2,104$1,701$1,365$1,088$862$560
21 years$1,983$1,585$1,256$987$771$488
22 years$1,872$1,479$1,157$898$691$426
23 years$1,772$1,384$1,069$818$621$372
24 years$1,680$1,296$988$746$558$325
25 years$1,596$1,216$915$681$502$285
26 years$1,518$1,143$849$623$452$249
27 years$1,446$1,076$788$570$408$218
28 years$1,380$1,014$733$522$368$192
29 years$1,318$956$682$479$332$168
30 years$1,260$903$635$439$300$147
31 years$1,206$854$592$404$271$129
32 years$1,156$808$553$371$245$114
33 years$1,109$765$516$341$222$100
34 years$1,064$725$482$314$201$88
35 years$1,022$688$451$289$182$77
36 years$983$653$422$266$165$68
37 years$946$620$395$245$150$60
38 years$911$589$370$226$136$52
39 years$878$560$346$208$123$46
40 years$846$533$324$192$112$41
41 years$816$507$304$177$101$36
42 years$788$483$285$164$92$31
43 years$761$461$268$151$83$28
44 years$735$439$251$139$76$24
45 years$711$419$236$129$69$21
46 years$688$399$222$119$62$19
47 years$665$381$208$110$57$17
48 years$644$364$196$102$51$15
49 years$624$347$184$94$47$13
50 years$604$332$173$87$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $619,000, adding $4,362 every year, while hoping to spend $30,163 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: 53/30/17 Blend
49$619,000$619,000$619,000$619,000
50$686,637$653,830$644,236$719,652
51$724,581$653,775$633,725$742,674
52$765,384$652,706$621,850$764,158
53$809,307$650,541$608,535$786,868
54$856,633$647,195$593,699$810,930
55$907,678$642,576$577,256$836,483
56$962,785$636,586$559,117$863,682
57$1,022,332$629,121$539,191$892,699
58$1,086,735$620,074$517,379$923,725
59$1,156,451$609,326$493,580$956,974
60$1,231,982$596,757$467,689$992,681
61$1,313,882$582,235$439,593$1,031,108
62$1,402,756$565,623$409,178$1,072,547
63$1,499,274$546,776$376,323$1,117,321
64$1,604,170$525,538$340,899$1,165,789
65$1,718,253$501,746$302,776$1,218,347
66$1,842,411$475,228$261,816$1,275,437
67$1,977,623$445,801$217,873$1,337,548
68$2,124,967$413,271$170,798$1,405,221
69$2,285,627$377,435$120,433$1,479,058
70$2,460,908$338,076$66,615$1,559,722
71$2,652,245$294,966$9,170$1,647,950
72$2,861,218$247,864$0$1,744,559
73$3,089,568$196,514$0$1,859,908
74$3,339,209$140,649$0$1,987,930
75$3,612,251$79,983$0$2,128,102
76$3,911,015$14,217$0$2,281,686
77$4,238,057$0$0$2,450,075
78$4,596,194$0$0$2,653,613
79$4,988,525$0$0$2,881,787
80$5,418,465$0$0$3,131,895
81$5,889,774$0$0$3,406,134
82$6,406,593$0$0$3,706,921
83$6,973,483$0$0$4,036,919
84$7,595,469$0$0$4,399,062
85$8,278,084$0$0$4,796,580
86$9,027,423$0$0$5,233,032
87$9,850,203$0$0$5,712,340
88$10,753,818$0$0$6,238,821
89$11,746,417$0$0$6,817,234
90$12,836,976$0$0$7,452,819
91$14,035,384$0$0$8,151,352
92$15,352,534$0$0$8,919,193
93$16,800,427$0$0$9,763,350
94$18,392,287$0$0$10,691,544
95$20,142,680$0$0$11,712,283
96$22,067,656$0$0$12,834,939
97$24,184,898$0$0$14,069,838
98$26,513,889$0$0$15,428,357
99$29,076,093$0$0$16,923,031
100$31,895,163$0$0$18,567,674