Can I retire at age 50 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$51,447$50,988$50,541$50,105$49,679$48,399
2 years$25,469$24,994$24,535$24,089$23,657$22,376
3 years$16,810$16,334$15,876$15,434$15,009$13,767
4 years$12,482$12,007$11,553$11,119$10,704$9,511
5 years$9,886$9,414$8,966$8,541$8,137$6,996
6 years$8,156$7,687$7,246$6,830$6,439$5,351
7 years$6,920$6,456$6,021$5,615$5,236$4,201
8 years$5,994$5,534$5,106$4,711$4,344$3,362
9 years$5,274$4,818$4,398$4,012$3,658$2,728
10 years$4,698$4,247$3,834$3,459$3,117$2,237
11 years$4,228$3,781$3,376$3,010$2,681$1,850
12 years$3,836$3,393$2,996$2,640$2,323$1,540
13 years$3,504$3,067$2,677$2,331$2,026$1,289
14 years$3,221$2,787$2,405$2,069$1,776$1,083
15 years$2,975$2,546$2,171$1,845$1,564$914
16 years$2,760$2,336$1,969$1,652$1,382$773
17 years$2,571$2,152$1,791$1,485$1,225$656
18 years$2,403$1,988$1,635$1,338$1,089$558
19 years$2,252$1,843$1,497$1,209$971$475
20 years$2,117$1,712$1,374$1,095$867$405
21 years$1,995$1,595$1,264$994$776$346
22 years$1,885$1,489$1,165$903$696$295
23 years$1,784$1,392$1,075$823$625$253
24 years$1,691$1,305$995$750$561$216
25 years$1,606$1,224$921$685$505$185
26 years$1,528$1,151$854$627$455$159
27 years$1,456$1,083$793$574$410$136
28 years$1,389$1,020$738$526$370$117
29 years$1,326$963$686$482$334$100
30 years$1,268$909$639$442$302$86
31 years$1,214$859$596$406$273$74
32 years$1,163$813$556$373$247$63
33 years$1,116$770$519$343$224$54
34 years$1,071$730$485$316$202$47
35 years$1,029$692$454$291$183$40
36 years$989$657$424$268$166$35
37 years$952$624$397$247$151$30
38 years$917$593$372$227$136$25
39 years$883$564$348$210$124$22
40 years$852$537$327$193$112$19
41 years$822$511$306$178$102$16
42 years$793$486$287$165$92$14
43 years$766$463$270$152$84$12
44 years$740$442$253$140$76$10
45 years$716$421$238$130$69$9
46 years$692$402$223$120$63$8
47 years$670$384$210$111$57$7
48 years$648$366$197$102$52$6
49 years$628$350$185$94$47$5
50 years$608$334$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $623,000, adding $3,896 every year, while hoping to spend $24,883 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: 54/40/6 Blend
49$623,000$623,000$623,000$623,000
50$690,565$657,546$647,889$726,715
51$734,527$663,290$643,118$757,329
52$782,139$668,482$637,353$787,547
53$833,748$673,068$630,535$819,826
54$889,734$676,992$622,601$854,364
55$950,514$680,192$613,486$891,381
56$1,016,550$682,605$603,122$931,121
57$1,088,348$684,163$591,436$973,850
58$1,166,465$684,792$578,355$1,019,865
59$1,251,514$684,416$563,799$1,069,495
60$1,344,169$682,953$547,686$1,123,101
61$1,445,172$680,315$529,931$1,181,083
62$1,555,340$676,411$510,445$1,243,882
63$1,675,572$671,143$489,132$1,311,988
64$1,806,858$664,406$465,896$1,385,939
65$1,950,287$656,092$440,633$1,466,331
66$2,107,058$646,082$413,236$1,553,822
67$2,278,492$634,254$383,593$1,649,140
68$2,466,042$620,477$351,588$1,753,087
69$2,671,310$604,612$317,097$1,866,550
70$2,896,057$586,511$279,994$1,990,509
71$3,142,226$566,021$240,144$2,126,045
72$3,411,952$542,976$197,409$2,274,353
73$3,707,592$517,202$151,642$2,436,752
74$4,031,736$488,515$102,692$2,614,698
75$4,387,242$456,720$50,401$2,809,799
76$4,777,253$421,612$0$3,023,830
77$5,205,235$382,973$0$3,259,097
78$5,675,002$340,573$0$3,520,883
79$6,190,760$294,168$0$3,808,356
80$6,757,137$243,502$0$4,124,166
81$7,379,235$188,303$0$4,471,233
82$8,062,672$128,285$0$4,852,780
83$8,813,639$63,145$0$5,272,364
84$9,638,954$0$0$5,733,910
85$10,546,130$0$0$6,245,019
86$11,543,445$0$0$6,837,531
87$12,640,016$0$0$7,489,079
88$13,845,891$0$0$8,205,640
89$15,172,137$0$0$8,993,798
90$16,630,951$0$0$9,860,812
91$18,235,768$0$0$10,814,674
92$20,001,393$0$0$11,864,195
93$21,944,137$0$0$13,019,079
94$24,081,973$0$0$14,290,020
95$26,434,704$0$0$15,688,802
96$29,024,149$0$0$17,228,407
97$31,874,351$0$0$18,923,141
98$35,011,799$0$0$20,788,768
99$38,465,685$0$0$22,842,655
100$42,268,171$0$0$25,103,942