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%14.4%
1 years$44,097$43,704$43,321$42,947$42,582$41,808
2 years$21,830$21,424$21,030$20,648$20,277$19,500
3 years$14,409$14,001$13,608$13,229$12,865$12,109
4 years$10,699$10,292$9,903$9,531$9,175$8,446
5 years$8,474$8,069$7,685$7,321$6,975$6,275
6 years$6,991$6,589$6,211$5,854$5,519$4,849
7 years$5,932$5,533$5,161$4,813$4,488$3,848
8 years$5,138$4,743$4,377$4,038$3,724$3,113
9 years$4,521$4,130$3,770$3,439$3,136$2,555
10 years$4,027$3,640$3,287$2,965$2,672$2,120
11 years$3,624$3,241$2,894$2,580$2,298$1,775
12 years$3,288$2,909$2,568$2,263$1,991$1,496
13 years$3,004$2,629$2,294$1,998$1,736$1,268
14 years$2,761$2,389$2,061$1,774$1,522$1,080
15 years$2,550$2,183$1,861$1,582$1,340$923
16 years$2,366$2,003$1,687$1,416$1,184$791
17 years$2,204$1,844$1,536$1,272$1,050$681
18 years$2,059$1,704$1,402$1,147$934$587
19 years$1,931$1,579$1,283$1,036$832$507
20 years$1,815$1,468$1,178$938$743$438
21 years$1,710$1,367$1,083$852$665$380
22 years$1,615$1,276$998$774$596$329
23 years$1,529$1,194$922$705$535$286
24 years$1,450$1,118$853$643$481$248
25 years$1,377$1,049$790$587$433$216
26 years$1,310$986$732$537$390$188
27 years$1,248$928$680$492$352$164
28 years$1,190$875$632$450$317$143
29 years$1,137$825$588$413$286$124
30 years$1,087$779$548$379$259$108
31 years$1,041$737$511$348$234$94
32 years$997$697$477$320$212$82
33 years$956$660$445$294$192$72
34 years$918$626$416$271$173$63
35 years$882$593$389$249$157$55
36 years$848$563$364$230$142$48
37 years$816$535$340$211$129$42
38 years$786$508$319$195$117$36
39 years$757$483$299$180$106$32
40 years$730$460$280$166$96$28
41 years$704$438$262$153$87$24
42 years$680$417$246$141$79$21
43 years$657$397$231$130$72$19
44 years$634$379$217$120$65$16
45 years$613$361$204$111$59$14
46 years$593$344$191$103$54$12
47 years$574$329$180$95$49$11
48 years$556$314$169$88$44$9
49 years$538$300$159$81$40$8
50 years$521$286$149$75$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $534,000, adding $5,957 every year, while hoping to spend $39,333 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: 79/13/8 Blend
49$534,000$534,000$534,000$534,000
50$594,613$566,311$558,034$640,473
51$613,413$552,210$534,878$657,305
52$632,813$536,100$509,628$670,027
53$652,832$517,841$482,172$682,817
54$673,490$497,284$452,394$695,662
55$694,808$474,274$420,172$708,549
56$716,809$448,643$385,378$721,464
57$739,514$420,217$347,879$734,392
58$762,947$388,811$307,535$747,316
59$787,133$354,227$264,203$760,220
60$812,096$316,260$217,729$773,083
61$837,862$274,689$167,955$785,887
62$864,459$229,284$114,717$798,609
63$891,915$179,799$57,841$811,227
64$920,258$125,978$0$823,716
65$949,520$67,546$0$836,293
66$979,731$4,216$0$853,972
67$1,010,924$0$0$871,797
68$1,043,134$0$0$898,955
69$1,076,396$0$0$927,623
70$1,110,747$0$0$957,230
71$1,146,225$0$0$987,809
72$1,182,871$0$0$1,019,395
73$1,220,726$0$0$1,052,024
74$1,259,834$0$0$1,085,733
75$1,300,241$0$0$1,120,562
76$1,341,994$0$0$1,156,553
77$1,385,144$0$0$1,193,748
78$1,429,742$0$0$1,232,192
79$1,475,844$0$0$1,271,933
80$1,523,507$0$0$1,313,021
81$1,572,790$0$0$1,355,507
82$1,623,759$0$0$1,399,446
83$1,676,477$0$0$1,444,896
84$1,731,017$0$0$1,491,917
85$1,787,452$0$0$1,540,572
86$1,845,858$0$0$1,590,930
87$1,906,319$0$0$1,643,061
88$1,968,920$0$0$1,697,040
89$2,033,754$0$0$1,752,945
90$2,100,917$0$0$1,810,861
91$2,170,512$0$0$1,870,877
92$2,242,647$0$0$1,933,087
93$2,317,439$0$0$1,997,591
94$2,395,010$0$0$2,064,495
95$2,475,490$0$0$2,133,912
96$2,559,020$0$0$2,205,963
97$2,645,747$0$0$2,280,777
98$2,735,829$0$0$2,358,491
99$2,829,437$0$0$2,439,251
100$2,926,752$0$0$2,523,215