Can I retire at age 50 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$44,593$44,195$43,808$43,430$43,060$41,467
2 years$22,076$21,664$21,266$20,880$20,505$18,917
3 years$14,571$14,158$13,761$13,378$13,009$11,477
4 years$10,819$10,408$10,014$9,638$9,278$7,814
5 years$8,569$8,160$7,771$7,403$7,053$5,661
6 years$7,069$6,663$6,280$5,920$5,581$4,261
7 years$5,998$5,596$5,219$4,867$4,539$3,291
8 years$5,195$4,796$4,426$4,083$3,765$2,588
9 years$4,571$4,176$3,812$3,478$3,171$2,063
10 years$4,072$3,681$3,324$2,998$2,702$1,662
11 years$3,665$3,277$2,926$2,609$2,324$1,349
12 years$3,325$2,941$2,597$2,289$2,014$1,101
13 years$3,038$2,658$2,320$2,020$1,756$904
14 years$2,792$2,416$2,085$1,794$1,539$745
15 years$2,579$2,207$1,882$1,599$1,355$615
16 years$2,392$2,025$1,706$1,432$1,198$510
17 years$2,228$1,865$1,553$1,287$1,062$423
18 years$2,083$1,723$1,417$1,160$944$352
19 years$1,952$1,597$1,298$1,048$842$293
20 years$1,835$1,484$1,191$949$752$245
21 years$1,730$1,382$1,095$861$673$204
22 years$1,633$1,290$1,010$783$603$171
23 years$1,546$1,207$932$713$541$143
24 years$1,466$1,131$862$650$487$119
25 years$1,392$1,061$798$594$438$100
26 years$1,324$997$741$543$394$84
27 years$1,262$939$688$497$356$70
28 years$1,204$884$639$456$321$59
29 years$1,150$834$595$418$290$49
30 years$1,099$788$554$383$262$41
31 years$1,052$745$517$352$237$35
32 years$1,008$705$482$324$214$29
33 years$967$668$450$298$194$24
34 years$928$633$420$274$175$20
35 years$892$600$393$252$159$17
36 years$858$570$368$232$144$14
37 years$825$541$344$214$130$12
38 years$795$514$322$197$118$10
39 years$766$489$302$182$107$8
40 years$738$465$283$168$97$7
41 years$712$443$265$155$88$6
42 years$687$422$249$143$80$5
43 years$664$402$234$132$73$4
44 years$642$383$219$122$66$4
45 years$620$365$206$112$60$3
46 years$600$348$193$104$54$2
47 years$581$332$182$96$49$2
48 years$562$317$171$89$45$2
49 years$544$303$160$82$41$1
50 years$527$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $540,000, adding $5,372 every year, while hoping to spend $25,260 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: 51/41/8 Blend
49$540,000$540,000$540,000$540,000
50$600,621$572,001$563,631$629,760
51$635,008$573,153$555,636$651,345
52$672,056$573,514$546,527$671,632
53$712,009$573,020$536,240$693,089
54$755,137$571,601$524,706$715,831
55$801,735$569,183$511,858$739,987
56$852,127$565,688$497,620$765,700
57$906,671$561,034$481,917$793,128
58$965,758$555,131$464,668$822,448
59$1,029,820$547,888$445,790$853,855
60$1,099,332$539,204$425,194$887,565
61$1,174,815$528,976$402,789$923,820
62$1,256,842$517,093$378,479$962,887
63$1,346,046$503,436$352,163$1,005,061
64$1,443,120$487,881$323,738$1,050,670
65$1,548,828$470,298$293,093$1,100,079
66$1,664,012$450,546$260,115$1,153,690
67$1,789,596$428,477$224,684$1,211,951
68$1,926,600$403,938$186,676$1,275,357
69$2,076,143$376,761$145,960$1,344,456
70$2,239,461$346,773$102,400$1,419,855
71$2,417,910$313,789$55,855$1,502,227
72$2,612,987$277,615$6,177$1,592,317
73$2,826,339$238,045$0$1,690,948
74$3,059,777$194,861$0$1,803,031
75$3,315,298$147,833$0$1,926,399
76$3,595,100$96,718$0$2,061,655
77$3,901,604$41,261$0$2,210,050
78$4,237,475$0$0$2,372,965
79$4,605,648$0$0$2,560,414
80$5,009,358$0$0$2,786,424
81$5,452,165$0$0$3,034,379
82$5,937,992$0$0$3,306,483
83$6,471,159$0$0$3,605,164
84$7,056,425$0$0$3,933,095
85$7,699,032$0$0$4,293,221
86$8,404,755$0$0$4,688,787
87$9,179,955$0$0$5,123,367
88$10,031,640$0$0$5,600,898
89$10,967,529$0$0$6,125,719
90$11,996,128$0$0$6,702,607
91$13,126,807$0$0$7,336,828
92$14,369,887$0$0$8,034,182
93$15,736,742$0$0$8,801,059
94$17,239,902$0$0$9,644,501
95$18,893,171$0$0$10,572,264
96$20,711,760$0$0$11,592,896
97$22,712,427$0$0$12,715,814
98$24,913,636$0$0$13,951,393
99$27,335,732$0$0$15,311,067
100$30,001,129$0$0$16,807,430