Can I retire at age 50 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$51,199$50,743$50,298$49,864$49,440$47,895
2 years$25,346$24,874$24,417$23,973$23,543$22,001
3 years$16,730$16,255$15,799$15,360$14,936$13,445
4 years$12,422$11,949$11,498$11,066$10,653$9,223
5 years$9,838$9,369$8,923$8,500$8,098$6,734
6 years$8,116$7,650$7,211$6,797$6,408$5,111
7 years$6,887$6,425$5,992$5,588$5,211$3,982
8 years$5,965$5,507$5,082$4,688$4,323$3,160
9 years$5,249$4,795$4,377$3,993$3,641$2,542
10 years$4,676$4,226$3,816$3,442$3,102$2,067
11 years$4,207$3,763$3,360$2,996$2,668$1,694
12 years$3,817$3,377$2,982$2,628$2,312$1,397
13 years$3,488$3,052$2,664$2,320$2,016$1,158
14 years$3,205$2,774$2,393$2,059$1,767$964
15 years$2,961$2,534$2,161$1,836$1,556$805
16 years$2,747$2,325$1,959$1,644$1,375$675
17 years$2,558$2,141$1,783$1,477$1,219$566
18 years$2,391$1,979$1,627$1,331$1,084$476
19 years$2,242$1,834$1,490$1,203$966$401
20 years$2,107$1,704$1,367$1,090$863$339
21 years$1,986$1,587$1,258$989$772$286
22 years$1,875$1,482$1,159$899$692$242
23 years$1,775$1,386$1,070$819$622$205
24 years$1,683$1,298$990$747$559$173
25 years$1,598$1,218$917$682$503$147
26 years$1,521$1,145$850$624$453$124
27 years$1,449$1,078$790$571$408$105
28 years$1,382$1,016$734$523$368$89
29 years$1,320$958$683$480$333$76
30 years$1,262$905$636$440$301$64
31 years$1,208$855$593$404$272$55
32 years$1,158$809$553$372$246$46
33 years$1,110$766$517$342$222$39
34 years$1,066$726$483$314$201$33
35 years$1,024$689$451$289$182$28
36 years$985$654$422$267$165$24
37 years$948$621$395$246$150$20
38 years$912$590$370$226$136$17
39 years$879$561$347$209$123$15
40 years$848$534$325$192$112$13
41 years$818$508$305$178$101$11
42 years$789$484$286$164$92$9
43 years$762$461$268$151$83$8
44 years$737$440$252$140$76$7
45 years$712$419$236$129$69$6
46 years$689$400$222$119$62$5
47 years$667$382$209$110$57$4
48 years$645$364$196$102$51$3
49 years$625$348$184$94$47$3
50 years$605$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $620,000, adding $4,912 every year, while hoping to spend $32,217 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: 67/26/7 Blend
49$620,000$620,000$620,000$620,000
50$688,307$655,447$645,837$733,271
51$724,235$653,285$633,194$761,577
52$762,749$649,938$619,047$788,167
53$804,077$645,312$603,313$816,374
54$848,472$639,311$585,903$846,352
55$896,210$631,832$566,725$878,270
56$947,595$622,763$545,681$912,316
57$1,002,960$611,989$522,672$948,697
58$1,062,672$599,386$497,592$987,641
59$1,127,133$584,824$470,329$1,029,403
60$1,196,785$568,165$440,770$1,074,264
61$1,272,114$549,263$408,793$1,122,532
62$1,353,654$527,961$374,272$1,174,552
63$1,441,993$504,097$337,076$1,230,703
64$1,537,775$477,497$297,067$1,291,405
65$1,641,712$447,978$254,102$1,357,121
66$1,754,583$415,345$208,031$1,428,364
67$1,877,247$379,394$158,697$1,505,701
68$2,010,650$339,908$105,937$1,589,759
69$2,155,831$296,657$49,580$1,681,231
70$2,313,932$249,401$0$1,780,882
71$2,486,214$197,882$0$1,890,348
72$2,674,061$141,831$0$2,013,777
73$2,878,996$80,962$0$2,148,511
74$3,102,700$14,975$0$2,295,707
75$3,347,017$0$0$2,456,640
76$3,613,981$0$0$2,648,871
77$3,905,832$0$0$2,863,743
78$4,225,033$0$0$3,098,789
79$4,574,297$0$0$3,356,012
80$4,956,614$0$0$3,637,618
81$5,375,272$0$0$3,946,036
82$5,833,896$0$0$4,283,940
83$6,336,475$0$0$4,654,275
84$6,887,404$0$0$5,060,286
85$7,491,524$0$0$5,505,545
86$8,154,163$0$0$5,993,988
87$8,881,196$0$0$6,529,948
88$9,679,087$0$0$7,118,200
89$10,554,962$0$0$7,764,004
90$11,516,667$0$0$8,473,151
91$12,572,847$0$0$9,252,024
92$13,733,023$0$0$10,107,652
93$15,007,687$0$0$11,047,779
94$16,408,394$0$0$12,080,938
95$17,947,876$0$0$13,216,527
96$19,640,158$0$0$14,464,900
97$21,500,694$0$0$15,837,468
98$23,546,507$0$0$17,346,797
99$25,796,355$0$0$19,006,735
100$28,270,902$0$0$20,832,541