Can I retire at age 50 with 531,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$43,849$43,459$43,078$42,706$42,343$42,129
2 years$21,708$21,303$20,912$20,532$20,163$19,947
3 years$14,328$13,922$13,531$13,155$12,792$12,581
4 years$10,639$10,234$9,847$9,477$9,124$8,919
5 years$8,426$8,024$7,642$7,279$6,936$6,738
6 years$6,951$6,552$6,176$5,821$5,488$5,297
7 years$5,898$5,502$5,132$4,786$4,463$4,280
8 years$5,109$4,716$4,352$4,015$3,703$3,527
9 years$4,495$4,107$3,749$3,420$3,118$2,949
10 years$4,005$3,620$3,268$2,948$2,657$2,495
11 years$3,603$3,222$2,877$2,566$2,285$2,130
12 years$3,269$2,892$2,554$2,250$1,980$1,833
13 years$2,987$2,614$2,281$1,987$1,727$1,586
14 years$2,745$2,376$2,050$1,764$1,514$1,379
15 years$2,536$2,170$1,851$1,573$1,333$1,205
16 years$2,353$1,991$1,678$1,408$1,178$1,057
17 years$2,191$1,834$1,527$1,265$1,044$929
18 years$2,048$1,695$1,394$1,140$929$819
19 years$1,920$1,571$1,276$1,030$828$724
20 years$1,805$1,459$1,171$933$739$641
21 years$1,701$1,359$1,077$847$662$569
22 years$1,606$1,269$993$770$593$505
23 years$1,520$1,187$917$701$532$450
24 years$1,441$1,112$848$640$478$401
25 years$1,369$1,044$785$584$431$357
26 years$1,302$981$728$534$388$319
27 years$1,241$923$676$489$350$285
28 years$1,183$870$629$448$315$254
29 years$1,130$821$585$411$285$228
30 years$1,081$775$545$377$257$204
31 years$1,035$733$508$346$233$182
32 years$991$693$474$318$211$163
33 years$951$656$443$293$191$146
34 years$913$622$413$269$172$131
35 years$877$590$387$248$156$118
36 years$843$560$362$228$142$106
37 years$812$532$338$210$128$95
38 years$781$506$317$194$116$85
39 years$753$481$297$179$105$76
40 years$726$457$278$165$96$69
41 years$700$435$261$152$87$62
42 years$676$415$245$140$79$55
43 years$653$395$230$130$71$50
44 years$631$377$216$120$65$45
45 years$610$359$202$110$59$40
46 years$590$343$190$102$53$36
47 years$571$327$179$94$49$32
48 years$553$312$168$87$44$29
49 years$535$298$158$81$40$26
50 years$518$285$148$74$36$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $531,000, adding $3,664 every year, while hoping to spend $23,434 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: 54/24/22 Blend
49$531,000$531,000$531,000$531,000
50$588,941$560,798$552,568$617,011
51$624,080$563,344$546,145$639,232
52$662,017$565,229$538,722$660,653
53$703,014$566,396$530,240$683,475
54$747,356$566,784$520,638$707,839
55$795,360$566,330$509,853$733,902
56$847,370$564,964$497,817$761,838
57$903,769$562,614$484,461$791,839
58$964,974$559,203$469,711$824,119
59$1,031,447$554,649$453,492$858,914
60$1,103,693$548,866$435,722$896,484
61$1,182,270$541,760$416,319$937,120
62$1,267,790$533,236$395,195$981,142
63$1,360,929$523,188$372,258$1,028,905
64$1,462,429$511,510$347,414$1,080,800
65$1,573,106$498,083$320,561$1,137,264
66$1,693,860$482,786$291,597$1,198,775
67$1,825,680$465,489$260,412$1,265,866
68$1,969,655$446,054$226,892$1,339,125
69$2,126,986$424,336$190,919$1,419,201
70$2,298,992$400,182$152,367$1,506,813
71$2,487,126$373,428$111,109$1,602,757
72$2,692,990$343,903$67,008$1,707,910
73$2,918,345$311,424$19,923$1,823,244
74$3,165,132$275,801$0$1,949,831
75$3,435,490$236,829$0$2,095,976
76$3,731,770$194,294$0$2,261,325
77$4,056,565$147,969$0$2,442,680
78$4,412,731$97,615$0$2,641,681
79$4,803,411$42,980$0$2,860,134
80$5,232,068$0$0$3,100,032
81$5,702,518$0$0$3,367,855
82$6,218,962$0$0$3,674,374
83$6,786,030$0$0$4,010,993
84$7,408,819$0$0$4,380,744
85$8,092,947$0$0$4,786,970
86$8,844,602$0$0$5,233,352
87$9,670,600$0$0$5,723,946
88$10,578,451$0$0$6,263,218
89$11,576,429$0$0$6,856,093
90$12,673,648$0$0$7,507,993
91$13,880,151$0$0$8,224,892
92$15,207,002$0$0$9,013,375
93$16,666,390$0$0$9,880,693
94$18,271,746$0$0$10,834,839
95$20,037,868$0$0$11,884,616
96$21,981,061$0$0$13,039,726
97$24,119,288$0$0$14,310,858
98$26,472,343$0$0$15,709,790
99$29,062,036$0$0$17,249,498
100$31,912,397$0$0$18,944,282