Can I retire at age 50 with 531,000?

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 $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%13.8%
1 years$43,849$43,459$43,078$42,706$42,343$41,676
2 years$21,708$21,303$20,912$20,532$20,163$19,493
3 years$14,328$13,922$13,531$13,155$12,792$12,140
4 years$10,639$10,234$9,847$9,477$9,124$8,493
5 years$8,426$8,024$7,642$7,279$6,936$6,330
6 years$6,951$6,552$6,176$5,821$5,488$4,907
7 years$5,898$5,502$5,132$4,786$4,463$3,908
8 years$5,109$4,716$4,352$4,015$3,703$3,173
9 years$4,495$4,107$3,749$3,420$3,118$2,613
10 years$4,005$3,620$3,268$2,948$2,657$2,176
11 years$3,603$3,222$2,877$2,566$2,285$1,828
12 years$3,269$2,892$2,554$2,250$1,980$1,547
13 years$2,987$2,614$2,281$1,987$1,727$1,317
14 years$2,745$2,376$2,050$1,764$1,514$1,126
15 years$2,536$2,170$1,851$1,573$1,333$966
16 years$2,353$1,991$1,678$1,408$1,178$832
17 years$2,191$1,834$1,527$1,265$1,044$719
18 years$2,048$1,695$1,394$1,140$929$622
19 years$1,920$1,571$1,276$1,030$828$540
20 years$1,805$1,459$1,171$933$739$469
21 years$1,701$1,359$1,077$847$662$408
22 years$1,606$1,269$993$770$593$355
23 years$1,520$1,187$917$701$532$310
24 years$1,441$1,112$848$640$478$271
25 years$1,369$1,044$785$584$431$236
26 years$1,302$981$728$534$388$207
27 years$1,241$923$676$489$350$181
28 years$1,183$870$629$448$315$158
29 years$1,130$821$585$411$285$139
30 years$1,081$775$545$377$257$121
31 years$1,035$733$508$346$233$106
32 years$991$693$474$318$211$93
33 years$951$656$443$293$191$82
34 years$913$622$413$269$172$72
35 years$877$590$387$248$156$63
36 years$843$560$362$228$142$55
37 years$812$532$338$210$128$49
38 years$781$506$317$194$116$43
39 years$753$481$297$179$105$37
40 years$726$457$278$165$96$33
41 years$700$435$261$152$87$29
42 years$676$415$245$140$79$25
43 years$653$395$230$130$71$22
44 years$631$377$216$120$65$20
45 years$610$359$202$110$59$17
46 years$590$343$190$102$53$15
47 years$571$327$179$94$49$13
48 years$553$312$168$87$44$12
49 years$535$298$158$81$40$10
50 years$518$285$148$74$36$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $531,000, adding $6,915 every year, while hoping to spend $28,056 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: 54/32/14 Blend
49$531,000$531,000$531,000$531,000
50$592,295$564,152$555,921$621,735
51$622,858$561,944$544,693$640,347
52$655,597$558,687$532,149$656,993
53$690,707$554,302$518,214$674,470
54$728,397$548,700$502,812$692,866
55$768,899$541,792$485,862$712,274
56$812,468$533,482$467,280$732,803
57$859,383$523,665$446,977$754,572
58$909,951$512,236$424,862$777,712
59$964,508$499,078$400,837$802,374
60$1,023,425$484,070$374,802$828,720
61$1,087,109$467,083$346,652$856,936
62$1,156,006$447,982$316,277$887,225
63$1,230,608$426,623$283,562$919,815
64$1,311,455$402,852$248,386$954,960
65$1,399,141$376,510$210,625$992,940
66$1,494,319$347,425$170,147$1,034,068
67$1,597,709$315,418$126,816$1,078,692
68$1,710,100$280,298$80,488$1,127,198
69$1,832,361$241,863$31,016$1,180,014
70$1,965,450$199,903$0$1,237,615
71$2,110,418$154,191$0$1,303,783
72$2,268,425$104,491$0$1,381,006
73$2,440,746$50,551$0$1,465,319
74$2,628,782$0$0$1,557,469
75$2,834,079$0$0$1,661,059
76$3,058,338$0$0$1,793,710
77$3,303,428$0$0$1,938,731
78$3,571,412$0$0$2,097,350
79$3,864,558$0$0$2,270,916
80$4,185,364$0$0$2,460,914
81$4,536,581$0$0$2,668,980
82$4,921,237$0$0$2,896,916
83$5,342,670$0$0$3,146,706
84$5,804,551$0$0$3,420,535
85$6,310,928$0$0$3,720,810
86$6,866,255$0$0$4,050,182
87$7,475,442$0$0$4,411,569
88$8,143,895$0$0$4,808,189
89$8,877,567$0$0$5,243,583
90$9,683,018$0$0$5,721,654
91$10,567,473$0$0$6,246,699
92$11,538,891$0$0$6,823,454
93$12,606,040$0$0$7,457,135
94$13,778,580$0$0$8,153,489
95$15,067,150$0$0$8,918,846
96$16,483,473$0$0$9,760,182
97$18,040,465$0$0$10,685,179
98$19,752,354$0$0$11,702,305
99$21,634,816$0$0$12,820,885
100$23,705,123$0$0$14,051,195