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%14.7%
1 years$44,097$43,704$43,321$42,947$42,582$41,756
2 years$21,830$21,424$21,030$20,648$20,277$19,449
3 years$14,409$14,001$13,608$13,229$12,865$12,059
4 years$10,699$10,292$9,903$9,531$9,175$8,399
5 years$8,474$8,069$7,685$7,321$6,975$6,230
6 years$6,991$6,589$6,211$5,854$5,519$4,806
7 years$5,932$5,533$5,161$4,813$4,488$3,808
8 years$5,138$4,743$4,377$4,038$3,724$3,076
9 years$4,521$4,130$3,770$3,439$3,136$2,520
10 years$4,027$3,640$3,287$2,965$2,672$2,087
11 years$3,624$3,241$2,894$2,580$2,298$1,743
12 years$3,288$2,909$2,568$2,263$1,991$1,467
13 years$3,004$2,629$2,294$1,998$1,736$1,241
14 years$2,761$2,389$2,061$1,774$1,522$1,054
15 years$2,550$2,183$1,861$1,582$1,340$899
16 years$2,366$2,003$1,687$1,416$1,184$770
17 years$2,204$1,844$1,536$1,272$1,050$660
18 years$2,059$1,704$1,402$1,147$934$568
19 years$1,931$1,579$1,283$1,036$832$489
20 years$1,815$1,468$1,178$938$743$422
21 years$1,710$1,367$1,083$852$665$365
22 years$1,615$1,276$998$774$596$316
23 years$1,529$1,194$922$705$535$274
24 years$1,450$1,118$853$643$481$237
25 years$1,377$1,049$790$587$433$206
26 years$1,310$986$732$537$390$179
27 years$1,248$928$680$492$352$155
28 years$1,190$875$632$450$317$135
29 years$1,137$825$588$413$286$117
30 years$1,087$779$548$379$259$102
31 years$1,041$737$511$348$234$89
32 years$997$697$477$320$212$77
33 years$956$660$445$294$192$67
34 years$918$626$416$271$173$58
35 years$882$593$389$249$157$51
36 years$848$563$364$230$142$44
37 years$816$535$340$211$129$39
38 years$786$508$319$195$117$34
39 years$757$483$299$180$106$29
40 years$730$460$280$166$96$26
41 years$704$438$262$153$87$22
42 years$680$417$246$141$79$19
43 years$657$397$231$130$72$17
44 years$634$379$217$120$65$15
45 years$613$361$204$111$59$13
46 years$593$344$191$103$54$11
47 years$574$329$180$95$49$10
48 years$556$314$169$88$44$9
49 years$538$300$159$81$40$7
50 years$521$286$149$75$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $534,000, adding $4,208 every year, while hoping to spend $26,354 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: 40/30/30 Blend
49$534,000$534,000$534,000$534,000
50$592,809$564,507$556,230$611,135
51$625,235$564,127$546,823$624,515
52$660,085$562,845$536,218$636,243
53$697,579$560,590$524,346$648,440
54$737,957$557,284$511,137$661,164
55$781,485$552,847$496,516$674,485
56$828,452$547,193$480,405$688,479
57$879,179$540,230$462,724$703,234
58$934,016$531,862$443,386$718,846
59$993,349$521,986$422,302$735,428
60$1,057,601$510,495$399,381$753,101
61$1,127,240$497,273$374,523$772,007
62$1,202,778$482,198$347,629$792,300
63$1,284,778$465,143$318,591$814,157
64$1,373,860$445,970$287,299$837,772
65$1,470,708$424,536$253,637$863,367
66$1,576,070$400,688$217,484$891,186
67$1,690,772$374,265$178,713$921,502
68$1,815,723$345,096$137,192$954,623
69$1,951,923$313,002$92,784$990,889
70$2,100,472$277,791$45,345$1,030,681
71$2,262,580$239,263$0$1,074,423
72$2,439,581$197,205$0$1,124,278
73$2,632,942$151,392$0$1,194,680
74$2,844,278$101,586$0$1,271,735
75$3,075,368$47,537$0$1,356,150
76$3,328,169$0$0$1,448,703
77$3,604,839$0$0$1,553,893
78$3,907,751$0$0$1,686,310
79$4,239,519$0$0$1,831,413
80$4,603,022$0$0$1,990,468
81$5,001,431$0$0$2,164,873
82$5,438,239$0$0$2,356,165
83$5,917,291$0$0$2,566,039
84$6,442,823$0$0$2,796,361
85$7,019,502$0$0$3,049,187
86$7,652,466$0$0$3,326,779
87$8,347,377$0$0$3,631,634
88$9,110,472$0$0$3,966,498
89$9,948,620$0$0$4,334,397
90$10,869,388$0$0$4,738,667
91$11,881,114$0$0$5,182,980
92$12,992,983$0$0$5,671,384
93$14,215,111$0$0$6,208,336
94$15,558,648$0$0$6,798,750
95$17,035,873$0$0$7,448,037
96$18,660,318$0$0$8,162,159
97$20,446,890$0$0$8,947,685
98$22,412,014$0$0$9,811,855
99$24,573,786$0$0$10,762,642
100$26,952,145$0$0$11,808,834