Can I retire at age 50 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$44,097$43,704$43,321$42,947$42,582$41,104
2 years$21,830$21,424$21,030$20,648$20,277$18,803
3 years$14,409$14,001$13,608$13,229$12,865$11,441
4 years$10,699$10,292$9,903$9,531$9,175$7,813
5 years$8,474$8,069$7,685$7,321$6,975$5,678
6 years$6,991$6,589$6,211$5,854$5,519$4,288
7 years$5,932$5,533$5,161$4,813$4,488$3,323
8 years$5,138$4,743$4,377$4,038$3,724$2,623
9 years$4,521$4,130$3,770$3,439$3,136$2,099
10 years$4,027$3,640$3,287$2,965$2,672$1,697
11 years$3,624$3,241$2,894$2,580$2,298$1,382
12 years$3,288$2,909$2,568$2,263$1,991$1,133
13 years$3,004$2,629$2,294$1,998$1,736$934
14 years$2,761$2,389$2,061$1,774$1,522$773
15 years$2,550$2,183$1,861$1,582$1,340$641
16 years$2,366$2,003$1,687$1,416$1,184$534
17 years$2,204$1,844$1,536$1,272$1,050$445
18 years$2,059$1,704$1,402$1,147$934$372
19 years$1,931$1,579$1,283$1,036$832$311
20 years$1,815$1,468$1,178$938$743$261
21 years$1,710$1,367$1,083$852$665$219
22 years$1,615$1,276$998$774$596$184
23 years$1,529$1,194$922$705$535$154
24 years$1,450$1,118$853$643$481$130
25 years$1,377$1,049$790$587$433$109
26 years$1,310$986$732$537$390$92
27 years$1,248$928$680$492$352$77
28 years$1,190$875$632$450$317$65
29 years$1,137$825$588$413$286$55
30 years$1,087$779$548$379$259$46
31 years$1,041$737$511$348$234$39
32 years$997$697$477$320$212$33
33 years$956$660$445$294$192$28
34 years$918$626$416$271$173$23
35 years$882$593$389$249$157$20
36 years$848$563$364$230$142$16
37 years$816$535$340$211$129$14
38 years$786$508$319$195$117$12
39 years$757$483$299$180$106$10
40 years$730$460$280$166$96$8
41 years$704$438$262$153$87$7
42 years$680$417$246$141$79$6
43 years$657$397$231$130$72$5
44 years$634$379$217$120$65$4
45 years$613$361$204$111$59$4
46 years$593$344$191$103$54$3
47 years$574$329$180$95$49$3
48 years$556$314$169$88$44$2
49 years$538$300$159$81$40$2
50 years$521$286$149$75$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $534,000, adding $2,935 every year, while hoping to spend $24,343 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: 53/30/17 Blend
49$534,000$534,000$534,000$534,000
50$591,495$563,193$554,916$619,976
51$625,927$564,889$547,605$641,490
52$663,055$565,852$539,234$662,067
53$703,129$566,021$529,740$683,920
54$746,421$565,329$519,060$707,177
55$793,235$563,709$507,126$731,979
56$843,899$561,085$493,870$758,484
57$898,779$557,380$479,216$786,867
58$958,273$552,511$463,089$817,323
59$1,022,823$546,390$445,408$850,066
60$1,092,911$538,922$426,089$885,335
61$1,169,069$530,011$405,045$923,395
62$1,251,883$519,550$382,182$964,537
63$1,341,996$507,429$357,407$1,009,087
64$1,440,117$493,531$330,617$1,057,403
65$1,547,025$477,730$301,709$1,109,883
66$1,663,579$459,896$270,573$1,166,968
67$1,790,721$439,889$237,095$1,229,146
68$1,929,493$417,561$201,156$1,296,955
69$2,081,036$392,757$162,630$1,370,994
70$2,246,612$365,311$121,387$1,451,923
71$2,427,605$335,050$77,293$1,540,473
72$2,625,542$301,790$30,204$1,637,453
73$2,842,104$265,334$0$1,743,757
74$3,079,142$225,478$0$1,864,010
75$3,338,692$182,004$0$2,001,753
76$3,622,999$134,683$0$2,152,740
77$3,934,533$83,271$0$2,318,336
78$4,276,017$27,513$0$2,500,051
79$4,650,447$0$0$2,699,549
80$5,061,125$0$0$2,929,518
81$5,511,686$0$0$3,191,839
82$6,006,136$0$0$3,479,767
83$6,548,886$0$0$3,795,878
84$7,144,795$0$0$4,143,009
85$7,799,217$0$0$4,524,286
86$8,518,047$0$0$4,943,152
87$9,307,783$0$0$5,403,401
88$10,175,580$0$0$5,909,210
89$11,129,322$0$0$6,465,183
90$12,177,694$0$0$7,076,393
91$13,330,265$0$0$7,748,426
92$14,597,578$0$0$8,487,439
93$15,991,247$0$0$9,300,215
94$17,524,068$0$0$10,194,227
95$19,210,142$0$0$11,177,707
96$21,065,001$0$0$12,259,728
97$23,105,762$0$0$13,450,284
98$25,351,283$0$0$14,760,390
99$27,822,342$0$0$16,202,179
100$30,541,834$0$0$17,789,021