Can I retire at age 50 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$51,612$51,152$50,704$50,266$49,838$49,608
2 years$25,550$25,075$24,613$24,166$23,733$23,500
3 years$16,864$16,387$15,927$15,484$15,057$14,829
4 years$12,522$12,046$11,590$11,155$10,739$10,518
5 years$9,918$9,444$8,995$8,568$8,163$7,950
6 years$8,182$7,712$7,269$6,852$6,459$6,253
7 years$6,942$6,476$6,041$5,633$5,253$5,055
8 years$6,013$5,551$5,123$4,726$4,358$4,168
9 years$5,291$4,834$4,412$4,025$3,670$3,488
10 years$4,714$4,261$3,847$3,470$3,127$2,952
11 years$4,241$3,793$3,387$3,020$2,689$2,522
12 years$3,848$3,404$3,006$2,649$2,331$2,171
13 years$3,516$3,076$2,685$2,338$2,032$1,880
14 years$3,231$2,796$2,413$2,076$1,782$1,636
15 years$2,984$2,555$2,178$1,851$1,569$1,430
16 years$2,769$2,344$1,975$1,658$1,386$1,255
17 years$2,579$2,159$1,797$1,489$1,229$1,104
18 years$2,410$1,995$1,641$1,342$1,093$975
19 years$2,260$1,849$1,502$1,213$974$862
20 years$2,124$1,718$1,378$1,098$870$764
21 years$2,002$1,600$1,268$997$779$678
22 years$1,891$1,494$1,168$906$698$603
23 years$1,789$1,397$1,079$825$627$537
24 years$1,697$1,309$998$753$563$479
25 years$1,611$1,228$924$688$507$427
26 years$1,533$1,154$857$629$456$381
27 years$1,460$1,086$796$575$412$341
28 years$1,393$1,024$740$527$371$305
29 years$1,330$966$689$483$335$273
30 years$1,272$912$641$444$303$245
31 years$1,218$862$598$408$274$219
32 years$1,167$816$558$375$248$196
33 years$1,119$773$521$344$224$176
34 years$1,074$732$487$317$203$158
35 years$1,032$695$455$292$184$142
36 years$993$659$426$269$167$127
37 years$955$626$398$248$151$114
38 years$920$595$373$228$137$103
39 years$886$566$350$210$124$92
40 years$854$538$328$194$113$83
41 years$824$512$307$179$102$75
42 years$796$488$288$165$93$67
43 years$768$465$270$153$84$60
44 years$743$443$254$141$76$54
45 years$718$423$238$130$69$49
46 years$694$403$224$120$63$44
47 years$672$385$210$111$57$39
48 years$650$367$198$103$52$35
49 years$630$351$186$95$47$32
50 years$610$335$175$88$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $625,000, adding $5,671 every year, while hoping to spend $29,612 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: 41/43/16 Blend
49$625,000$625,000$625,000$625,000
50$694,600$661,475$651,787$719,586
51$733,942$662,380$642,115$738,720
52$776,305$662,337$631,127$756,092
53$821,964$661,269$618,746$774,262
54$871,226$659,092$604,895$793,319
55$924,422$655,719$589,491$813,360
56$981,922$651,057$572,447$834,495
57$1,044,127$645,008$553,673$856,847
58$1,111,481$637,467$533,074$880,553
59$1,184,473$628,324$510,553$905,767
60$1,263,638$617,460$486,005$932,663
61$1,349,565$604,752$459,323$961,432
62$1,442,904$590,068$430,394$992,290
63$1,544,368$573,269$399,099$1,025,476
64$1,654,741$554,206$365,316$1,061,258
65$1,774,886$532,725$328,916$1,099,934
66$1,905,755$508,658$289,765$1,141,838
67$2,048,391$481,832$247,722$1,187,339
68$2,203,947$452,061$202,640$1,236,850
69$2,373,687$419,150$154,366$1,290,829
70$2,559,007$382,892$102,741$1,349,787
71$2,761,440$343,068$47,597$1,414,291
72$2,982,676$299,447$0$1,484,970
73$3,224,574$251,785$0$1,564,447
74$3,489,182$199,825$0$1,660,373
75$3,778,756$143,293$0$1,765,512
76$4,095,776$81,901$0$1,880,853
77$4,442,977$15,347$0$2,007,496
78$4,823,370$0$0$2,146,654
79$5,240,270$0$0$2,326,500
80$5,697,329$0$0$2,531,712
81$6,198,569$0$0$2,756,844
82$6,748,418$0$0$3,003,898
83$7,351,756$0$0$3,275,075
84$8,013,957$0$0$3,572,803
85$8,740,941$0$0$3,899,755
86$9,539,228$0$0$4,258,875
87$10,416,002$0$0$4,653,408
88$11,379,176$0$0$5,086,928
89$12,437,466$0$0$5,563,371
90$13,600,478$0$0$6,087,074
91$14,878,789$0$0$6,662,817
92$16,284,057$0$0$7,295,865
93$17,829,123$0$0$7,992,016
94$19,528,134$0$0$8,757,662
95$21,396,679$0$0$9,599,843
96$23,451,930$0$0$10,526,317
97$25,712,809$0$0$11,545,631
98$28,200,165$0$0$12,667,202
99$30,936,968$0$0$13,901,407
100$33,948,527$0$0$15,259,679