Can I retire at age 50 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$43,767$43,377$42,997$42,625$42,263$41,649
2 years$21,667$21,263$20,872$20,493$20,125$19,508
3 years$14,301$13,896$13,506$13,130$12,768$12,166
4 years$10,619$10,215$9,829$9,459$9,106$8,525
5 years$8,410$8,009$7,627$7,266$6,923$6,364
6 years$6,938$6,540$6,164$5,811$5,478$4,941
7 years$5,887$5,492$5,122$4,777$4,455$3,942
8 years$5,099$4,708$4,344$4,007$3,696$3,206
9 years$4,487$4,099$3,742$3,413$3,112$2,645
10 years$3,997$3,613$3,262$2,942$2,652$2,207
11 years$3,597$3,216$2,872$2,561$2,281$1,858
12 years$3,263$2,887$2,549$2,246$1,976$1,575
13 years$2,981$2,609$2,277$1,983$1,723$1,343
14 years$2,740$2,371$2,046$1,760$1,511$1,150
15 years$2,531$2,166$1,847$1,570$1,330$989
16 years$2,348$1,988$1,675$1,406$1,176$854
17 years$2,187$1,830$1,524$1,263$1,042$739
18 years$2,044$1,691$1,391$1,138$927$641
19 years$1,916$1,568$1,274$1,028$826$557
20 years$1,801$1,457$1,169$931$738$485
21 years$1,697$1,357$1,075$845$660$423
22 years$1,603$1,267$991$769$592$370
23 years$1,517$1,185$915$700$531$323
24 years$1,439$1,110$846$638$478$283
25 years$1,366$1,042$784$583$430$248
26 years$1,300$979$727$533$387$217
27 years$1,238$921$675$488$349$190
28 years$1,181$868$627$447$315$167
29 years$1,128$819$584$410$284$147
30 years$1,079$773$544$376$257$129
31 years$1,033$731$507$346$232$113
32 years$990$692$473$318$210$99
33 years$949$655$442$292$190$87
34 years$911$621$413$269$172$77
35 years$875$589$386$247$156$68
36 years$842$559$361$228$141$60
37 years$810$531$338$210$128$52
38 years$780$505$316$193$116$46
39 years$752$480$296$178$105$41
40 years$725$456$278$165$95$36
41 years$699$435$261$152$87$31
42 years$675$414$244$140$79$28
43 years$652$394$229$129$71$24
44 years$630$376$215$119$65$21
45 years$609$358$202$110$59$19
46 years$589$342$190$102$53$17
47 years$570$326$178$94$48$15
48 years$552$311$168$87$44$13
49 years$534$297$158$80$40$11
50 years$517$284$148$74$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $530,000, adding $6,506 every year, while hoping to spend $39,763 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: 72/23/5 Blend
49$530,000$530,000$530,000$530,000
50$590,771$562,681$554,466$632,572
51$608,722$547,945$530,733$646,267
52$627,171$531,154$504,872$655,634
53$646,128$512,166$476,771$664,760
54$665,600$490,829$446,310$673,610
55$685,596$466,984$413,366$682,147
56$706,123$440,462$377,809$690,327
57$727,187$411,084$339,505$698,108
58$748,794$378,662$298,313$705,439
59$770,950$342,995$254,085$712,270
60$793,657$303,872$206,667$718,545
61$816,919$261,070$155,900$724,204
62$840,736$214,354$101,614$729,182
63$865,108$163,475$43,635$733,410
64$890,032$108,168$0$736,813
65$915,505$48,157$0$740,284
66$941,518$0$0$745,311
67$968,062$0$0$753,745
68$995,125$0$0$774,766
69$1,022,691$0$0$796,171
70$1,050,739$0$0$817,944
71$1,079,245$0$0$840,066
72$1,108,181$0$0$862,514
73$1,137,513$0$0$885,259
74$1,167,200$0$0$908,269
75$1,197,195$0$0$931,506
76$1,227,444$0$0$954,928
77$1,257,885$0$0$978,483
78$1,288,446$0$0$1,002,115
79$1,319,045$0$0$1,025,757
80$1,349,590$0$0$1,049,337
81$1,379,974$0$0$1,072,768
82$1,410,078$0$0$1,095,956
83$1,439,767$0$0$1,118,792
84$1,468,889$0$0$1,141,156
85$1,497,273$0$0$1,162,911
86$1,524,727$0$0$1,183,904
87$1,551,035$0$0$1,203,963
88$1,575,956$0$0$1,222,895
89$1,599,221$0$0$1,240,487
90$1,620,528$0$0$1,256,499
91$1,639,541$0$0$1,270,662
92$1,655,886$0$0$1,282,678
93$1,669,145$0$0$1,292,217
94$1,678,853$0$0$1,298,907
95$1,684,495$0$0$1,302,339
96$1,685,496$0$0$1,302,055
97$1,681,218$0$0$1,297,550
98$1,670,953$0$0$1,288,259
99$1,653,916$0$0$1,273,559
100$1,629,236$0$0$1,252,757