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%13%
1 years$44,593$44,195$43,808$43,430$43,060$42,522
2 years$22,076$21,664$21,266$20,880$20,505$19,964
3 years$14,571$14,158$13,761$13,378$13,009$12,481
4 years$10,819$10,408$10,014$9,638$9,278$8,768
5 years$8,569$8,160$7,771$7,403$7,053$6,562
6 years$7,069$6,663$6,280$5,920$5,581$5,109
7 years$5,998$5,596$5,219$4,867$4,539$4,087
8 years$5,195$4,796$4,426$4,083$3,765$3,333
9 years$4,571$4,176$3,812$3,478$3,171$2,758
10 years$4,072$3,681$3,324$2,998$2,702$2,309
11 years$3,665$3,277$2,926$2,609$2,324$1,949
12 years$3,325$2,941$2,597$2,289$2,014$1,658
13 years$3,038$2,658$2,320$2,020$1,756$1,418
14 years$2,792$2,416$2,085$1,794$1,539$1,219
15 years$2,579$2,207$1,882$1,599$1,355$1,052
16 years$2,392$2,025$1,706$1,432$1,198$911
17 years$2,228$1,865$1,553$1,287$1,062$791
18 years$2,083$1,723$1,417$1,160$944$689
19 years$1,952$1,597$1,298$1,048$842$601
20 years$1,835$1,484$1,191$949$752$525
21 years$1,730$1,382$1,095$861$673$460
22 years$1,633$1,290$1,010$783$603$403
23 years$1,546$1,207$932$713$541$354
24 years$1,466$1,131$862$650$487$311
25 years$1,392$1,061$798$594$438$273
26 years$1,324$997$741$543$394$240
27 years$1,262$939$688$497$356$212
28 years$1,204$884$639$456$321$187
29 years$1,150$834$595$418$290$164
30 years$1,099$788$554$383$262$145
31 years$1,052$745$517$352$237$128
32 years$1,008$705$482$324$214$113
33 years$967$668$450$298$194$100
34 years$928$633$420$274$175$88
35 years$892$600$393$252$159$78
36 years$858$570$368$232$144$69
37 years$825$541$344$214$130$61
38 years$795$514$322$197$118$54
39 years$766$489$302$182$107$47
40 years$738$465$283$168$97$42
41 years$712$443$265$155$88$37
42 years$687$422$249$143$80$33
43 years$664$402$234$132$73$29
44 years$642$383$219$122$66$26
45 years$620$365$206$112$60$23
46 years$600$348$193$104$54$20
47 years$581$332$182$96$49$18
48 years$562$317$171$89$45$16
49 years$544$303$160$82$41$14
50 years$527$289$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $540,000, adding $6,856 every year, while hoping to spend $26,084 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: 63/11/26 Blend
49$540,000$540,000$540,000$540,000
50$602,152$573,532$565,162$635,540
51$635,818$573,882$556,342$659,313
52$672,044$573,375$546,352$681,789
53$711,064$571,941$535,125$705,767
54$753,133$569,507$522,593$731,398
55$798,534$565,994$508,681$758,850
56$847,576$561,319$493,313$788,306
57$900,599$555,394$476,410$819,972
58$957,978$548,126$457,887$854,075
59$1,020,123$539,416$437,658$890,864
60$1,087,486$529,158$415,630$930,617
61$1,160,565$517,242$391,709$973,640
62$1,239,906$503,550$365,795$1,020,273
63$1,326,110$487,958$337,782$1,070,891
64$1,419,838$470,333$307,563$1,125,909
65$1,521,819$450,536$275,023$1,185,784
66$1,632,851$428,419$240,044$1,251,024
67$1,753,817$403,827$202,501$1,322,189
68$1,885,686$376,594$162,264$1,399,898
69$2,029,524$346,545$119,197$1,484,835
70$2,186,506$313,496$73,161$1,577,757
71$2,357,924$277,252$24,006$1,679,499
72$2,545,201$237,606$0$1,790,983
73$2,749,903$194,340$0$1,921,121
74$2,973,756$147,225$0$2,070,767
75$3,218,657$96,018$0$2,234,544
76$3,486,698$40,461$0$2,413,873
77$3,780,181$0$0$2,610,321
78$4,101,642$0$0$2,828,002
79$4,453,871$0$0$3,071,923
80$4,839,944$0$0$3,339,322
81$5,263,248$0$0$3,632,548
82$5,727,513$0$0$3,954,190
83$6,236,846$0$0$4,307,101
84$6,795,772$0$0$4,694,420
85$7,409,276$0$0$5,119,607
86$8,082,848$0$0$5,586,474
87$8,822,535$0$0$6,099,218
88$9,635,001$0$0$6,662,464
89$10,527,584$0$0$7,281,307
90$11,508,370$0$0$7,961,359
91$12,586,266$0$0$8,708,803
92$13,771,084$0$0$9,530,450
93$15,073,636$0$0$10,433,807
94$16,505,832$0$0$11,427,140
95$18,080,795$0$0$12,519,559
96$19,812,981$0$0$13,721,101
97$21,718,322$0$0$15,042,823
98$23,814,366$0$0$16,496,910
99$26,120,450$0$0$18,096,784
100$28,657,882$0$0$19,857,237