Can I retire at age 50 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$51,282$50,825$50,379$49,944$49,519$47,630
2 years$25,387$24,914$24,456$24,012$23,581$21,699
3 years$16,757$16,282$15,825$15,384$14,961$13,146
4 years$12,442$11,969$11,516$11,084$10,670$8,937
5 years$9,854$9,384$8,937$8,513$8,111$6,464
6 years$8,129$7,662$7,222$6,808$6,418$4,857
7 years$6,898$6,435$6,002$5,597$5,220$3,745
8 years$5,975$5,516$5,090$4,695$4,330$2,941
9 years$5,257$4,803$4,384$4,000$3,647$2,340
10 years$4,683$4,233$3,822$3,448$3,107$1,881
11 years$4,214$3,769$3,365$3,000$2,672$1,523
12 years$3,824$3,383$2,986$2,632$2,316$1,242
13 years$3,493$3,057$2,668$2,323$2,019$1,017
14 years$3,210$2,779$2,397$2,063$1,770$836
15 years$2,965$2,538$2,164$1,839$1,559$689
16 years$2,751$2,329$1,962$1,647$1,377$570
17 years$2,563$2,145$1,786$1,480$1,221$472
18 years$2,395$1,982$1,630$1,334$1,086$392
19 years$2,245$1,837$1,492$1,205$968$326
20 years$2,111$1,707$1,370$1,091$865$271
21 years$1,989$1,590$1,260$991$774$226
22 years$1,879$1,484$1,161$901$694$188
23 years$1,778$1,388$1,072$820$623$157
24 years$1,686$1,300$991$748$560$131
25 years$1,601$1,220$918$683$504$109
26 years$1,523$1,147$852$625$454$91
27 years$1,451$1,079$791$572$409$76
28 years$1,384$1,017$735$524$369$64
29 years$1,322$960$684$480$333$53
30 years$1,264$906$637$441$301$45
31 years$1,210$857$594$405$272$37
32 years$1,160$811$554$372$246$31
33 years$1,112$768$518$342$223$26
34 years$1,068$728$484$315$202$22
35 years$1,026$690$452$290$183$18
36 years$986$655$423$267$166$15
37 years$949$622$396$246$150$13
38 years$914$591$371$227$136$11
39 years$881$562$347$209$123$9
40 years$849$535$326$193$112$7
41 years$819$509$305$178$102$6
42 years$791$485$286$164$92$5
43 years$764$462$269$152$84$4
44 years$738$440$252$140$76$4
45 years$713$420$237$129$69$3
46 years$690$401$222$119$63$3
47 years$668$382$209$110$57$2
48 years$646$365$196$102$52$2
49 years$626$349$185$94$47$2
50 years$606$333$174$87$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $621,000, adding $4,698 every year, while hoping to spend $29,203 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: 75/9/16 Blend
49$621,000$621,000$621,000$621,000
50$689,188$656,275$646,649$738,085
51$728,413$657,361$637,240$772,150
52$770,661$657,521$626,538$805,397
53$816,208$656,679$614,466$841,054
54$865,360$654,755$600,950$879,350
55$918,451$651,662$585,906$920,543
56$975,849$647,310$569,250$964,913
57$1,037,959$641,602$550,893$1,012,771
58$1,105,226$634,434$530,742$1,064,460
59$1,178,137$625,700$508,700$1,120,357
60$1,257,231$615,283$484,666$1,180,878
61$1,343,098$603,062$458,532$1,246,484
62$1,436,390$588,907$430,188$1,317,681
63$1,537,820$572,683$399,518$1,395,029
64$1,648,176$554,243$366,401$1,479,144
65$1,768,324$533,434$330,709$1,570,706
66$1,899,216$510,096$292,311$1,670,465
67$2,041,901$484,055$251,067$1,779,250
68$2,197,531$455,130$206,835$1,897,972
69$2,367,378$423,130$159,462$2,027,639
70$2,552,838$387,851$108,792$2,169,360
71$2,755,451$349,079$54,660$2,324,360
72$2,976,911$306,588$0$2,493,990
73$3,219,082$260,137$0$2,680,269
74$3,484,019$209,474$0$2,894,303
75$3,773,981$154,330$0$3,128,592
76$4,091,459$94,425$0$3,385,170
77$4,439,195$29,459$0$3,666,272
78$4,820,208$0$0$3,974,364
79$5,237,822$0$0$4,316,213
80$5,695,701$0$0$4,694,245
81$6,197,878$0$0$5,108,877
82$6,748,795$0$0$5,563,779
83$7,353,345$0$0$6,062,996
84$8,016,919$0$0$6,610,982
85$8,745,454$0$0$7,212,644
86$9,545,491$0$0$7,873,386
87$10,424,232$0$0$8,599,163
88$11,389,616$0$0$9,396,534
89$12,450,386$0$0$10,272,726
90$13,616,174$0$0$11,235,698
91$14,897,591$0$0$12,294,220
92$16,306,329$0$0$13,457,954
93$17,855,268$0$0$14,737,546
94$19,558,597$0$0$16,144,723
95$21,431,952$0$0$17,692,407
96$23,492,558$0$0$19,394,833
97$25,759,394$0$0$21,267,687
98$28,253,371$0$0$23,328,252
99$30,997,529$0$0$25,595,569
100$34,017,254$0$0$28,090,620