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%18.7%
1 years$51,612$51,152$50,704$50,266$49,838$48,089
2 years$25,550$25,075$24,613$24,166$23,733$21,989
3 years$16,864$16,387$15,927$15,484$15,057$13,373
4 years$12,522$12,046$11,590$11,155$10,739$9,128
5 years$9,918$9,444$8,995$8,568$8,163$6,630
6 years$8,182$7,712$7,269$6,852$6,459$5,004
7 years$6,942$6,476$6,041$5,633$5,253$3,876
8 years$6,013$5,551$5,123$4,726$4,358$3,058
9 years$5,291$4,834$4,412$4,025$3,670$2,445
10 years$4,714$4,261$3,847$3,470$3,127$1,975
11 years$4,241$3,793$3,387$3,020$2,689$1,608
12 years$3,848$3,404$3,006$2,649$2,331$1,318
13 years$3,516$3,076$2,685$2,338$2,032$1,085
14 years$3,231$2,796$2,413$2,076$1,782$897
15 years$2,984$2,555$2,178$1,851$1,569$744
16 years$2,769$2,344$1,975$1,658$1,386$619
17 years$2,579$2,159$1,797$1,489$1,229$516
18 years$2,410$1,995$1,641$1,342$1,093$431
19 years$2,260$1,849$1,502$1,213$974$360
20 years$2,124$1,718$1,378$1,098$870$301
21 years$2,002$1,600$1,268$997$779$253
22 years$1,891$1,494$1,168$906$698$212
23 years$1,789$1,397$1,079$825$627$178
24 years$1,697$1,309$998$753$563$149
25 years$1,611$1,228$924$688$507$125
26 years$1,533$1,154$857$629$456$105
27 years$1,460$1,086$796$575$412$89
28 years$1,393$1,024$740$527$371$75
29 years$1,330$966$689$483$335$63
30 years$1,272$912$641$444$303$53
31 years$1,218$862$598$408$274$44
32 years$1,167$816$558$375$248$37
33 years$1,119$773$521$344$224$32
34 years$1,074$732$487$317$203$27
35 years$1,032$695$455$292$184$22
36 years$993$659$426$269$167$19
37 years$955$626$398$248$151$16
38 years$920$595$373$228$137$13
39 years$886$566$350$210$124$11
40 years$854$538$328$194$113$9
41 years$824$512$307$179$102$8
42 years$796$488$288$165$93$7
43 years$768$465$270$153$84$6
44 years$743$443$254$141$76$5
45 years$718$423$238$130$69$4
46 years$694$403$224$120$63$3
47 years$672$385$210$111$57$3
48 years$650$367$198$103$52$2
49 years$630$351$186$95$47$2
50 years$610$335$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $625,000, adding $2,693 every year, while hoping to spend $33,978 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: 37/40/23 Blend
49$625,000$625,000$625,000$625,000
50$691,528$658,403$648,715$712,252
51$725,911$654,512$634,295$723,743
52$762,663$649,292$618,253$732,799
53$801,989$642,642$600,498$741,899
54$844,114$634,454$580,938$751,069
55$889,287$624,615$559,472$760,337
56$937,778$613,004$535,997$769,741
57$989,884$599,495$510,407$779,322
58$1,045,935$583,952$482,588$789,131
59$1,106,287$566,233$452,421$799,225
60$1,171,336$546,186$419,785$809,674
61$1,241,514$523,651$384,550$820,555
62$1,317,298$498,459$346,582$831,960
63$1,399,210$470,431$305,739$843,994
64$1,487,824$439,377$261,877$856,777
65$1,583,773$405,098$214,841$870,445
66$1,687,751$367,380$164,471$885,156
67$1,800,521$326,001$110,600$901,087
68$1,922,923$280,725$53,054$918,440
69$2,055,881$231,300$0$937,443
70$2,200,410$177,463$0$960,406
71$2,357,628$118,935$0$999,598
72$2,528,765$55,422$0$1,042,361
73$2,715,174$0$0$1,089,118
74$2,918,343$0$0$1,146,229
75$3,139,912$0$0$1,235,195
76$3,381,684$0$0$1,332,356
77$3,645,643$0$0$1,438,518
78$3,933,976$0$0$1,554,572
79$4,249,087$0$0$1,681,497
80$4,593,627$0$0$1,820,373
81$4,970,509$0$0$1,972,385
82$5,382,947$0$0$2,138,842
83$5,834,474$0$0$2,321,184
84$6,328,986$0$0$2,520,996
85$6,870,768$0$0$2,740,025
86$7,464,543$0$0$2,980,195
87$8,115,511$0$0$3,243,624
88$8,829,400$0$0$3,532,645
89$9,612,518$0$0$3,849,829
90$10,471,813$0$0$4,198,006
91$11,414,939$0$0$4,580,296
92$12,450,327$0$0$5,000,133
93$13,587,262$0$0$5,461,301
94$14,835,976$0$0$5,967,970
95$16,207,737$0$0$6,524,733
96$17,714,960$0$0$7,136,648
97$19,371,322$0$0$7,809,290
98$21,191,891$0$0$8,548,800
99$23,193,265$0$0$9,361,942
100$25,393,732$0$0$10,256,172