Can I retire at age 50 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$44,428$44,032$43,646$43,269$42,901$41,379
2 years$21,994$21,584$21,187$20,802$20,429$18,912
3 years$14,517$14,106$13,710$13,328$12,961$11,496
4 years$10,779$10,369$9,977$9,602$9,244$7,843
5 years$8,537$8,129$7,743$7,375$7,027$5,693
6 years$7,043$6,638$6,257$5,898$5,560$4,295
7 years$5,976$5,575$5,200$4,849$4,522$3,325
8 years$5,176$4,779$4,410$4,068$3,751$2,621
9 years$4,555$4,161$3,798$3,465$3,159$2,095
10 years$4,057$3,667$3,311$2,987$2,692$1,691
11 years$3,651$3,265$2,915$2,599$2,315$1,376
12 years$3,312$2,930$2,587$2,280$2,006$1,127
13 years$3,026$2,648$2,311$2,013$1,749$927
14 years$2,781$2,407$2,077$1,787$1,534$766
15 years$2,569$2,199$1,875$1,594$1,350$635
16 years$2,384$2,018$1,700$1,427$1,193$528
17 years$2,220$1,858$1,547$1,282$1,058$439
18 years$2,075$1,717$1,412$1,155$941$367
19 years$1,945$1,591$1,293$1,044$839$306
20 years$1,828$1,479$1,186$946$749$256
21 years$1,723$1,377$1,091$858$670$215
22 years$1,627$1,286$1,006$780$601$180
23 years$1,540$1,202$929$711$539$151
24 years$1,460$1,127$859$648$485$127
25 years$1,387$1,057$796$592$436$106
26 years$1,319$994$738$541$393$89
27 years$1,257$935$685$495$354$75
28 years$1,199$881$637$454$320$63
29 years$1,145$831$593$416$289$53
30 years$1,095$785$552$382$261$45
31 years$1,048$742$515$351$236$37
32 years$1,005$702$480$322$213$32
33 years$963$665$448$296$193$27
34 years$925$630$419$273$175$22
35 years$889$598$392$251$158$19
36 years$854$567$366$231$143$16
37 years$822$539$343$213$130$13
38 years$792$512$321$196$118$11
39 years$763$487$301$181$107$9
40 years$736$463$282$167$97$8
41 years$710$441$264$154$88$7
42 years$685$420$248$142$80$6
43 years$662$400$233$131$72$5
44 years$639$382$218$121$66$4
45 years$618$364$205$112$60$3
46 years$598$347$193$103$54$3
47 years$578$331$181$96$49$2
48 years$560$316$170$88$45$2
49 years$542$302$160$82$41$2
50 years$525$288$150$75$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $538,000, adding $4,623 every year, while hoping to spend $22,276 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: 61/10/29 Blend
49$538,000$538,000$538,000$538,000
50$597,645$569,131$560,792$629,162
51$634,903$573,317$555,877$655,361
52$675,215$576,961$550,050$681,153
53$718,869$580,014$543,259$708,842
54$766,181$582,422$535,446$738,618
55$817,499$584,129$526,551$770,691
56$873,207$585,074$516,513$805,295
57$933,725$585,193$505,267$842,685
58$999,517$584,420$492,746$883,147
59$1,071,091$582,680$478,877$926,993
60$1,149,010$579,899$463,586$974,570
61$1,233,889$575,994$446,797$1,026,262
62$1,326,408$570,880$428,426$1,082,491
63$1,427,314$564,465$408,391$1,143,724
64$1,537,428$556,653$386,601$1,210,478
65$1,657,658$547,340$362,963$1,283,323
66$1,788,998$536,419$337,382$1,362,888
67$1,932,545$523,773$309,754$1,449,869
68$2,089,509$509,282$279,974$1,545,031
69$2,261,218$492,816$247,932$1,649,224
70$2,449,136$474,238$213,512$1,763,381
71$2,654,876$453,404$176,593$1,888,537
72$2,880,213$430,160$137,049$2,025,829
73$3,127,103$404,346$94,748$2,176,518
74$3,397,699$375,790$49,553$2,341,990
75$3,694,371$344,311$1,320$2,523,778
76$4,019,733$309,718$0$2,723,573
77$4,376,660$271,809$0$2,958,759
78$4,768,321$230,370$0$3,217,322
79$5,198,208$185,175$0$3,501,175
80$5,670,163$135,987$0$3,812,877
81$6,188,423$82,554$0$4,155,247
82$6,757,652$24,609$0$4,531,394
83$7,382,990$0$0$4,944,742
84$8,070,098$0$0$5,403,262
85$8,825,213$0$0$5,910,184
86$9,655,207$0$0$6,467,421
87$10,567,650$0$0$7,080,058
88$11,570,882$0$0$7,753,703
89$12,674,091$0$0$8,494,532
90$13,887,402$0$0$9,309,348
91$15,221,968$0$0$10,205,650
92$16,690,078$0$0$11,191,697
93$18,305,272$0$0$12,276,590
94$20,082,470$0$0$13,470,358
95$22,038,109$0$0$14,784,049
96$24,190,301$0$0$16,229,837
97$26,559,002$0$0$17,821,137
98$29,166,201$0$0$19,572,729
99$32,036,127$0$0$21,500,900
100$35,195,477$0$0$23,623,593