Can I retire at age 50 with 540,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$44,593$44,195$43,808$43,430$43,060$42,088
2 years$22,076$21,664$21,266$20,880$20,505$19,530
3 years$14,571$14,158$13,761$13,378$13,009$12,063
4 years$10,819$10,408$10,014$9,638$9,278$8,368
5 years$8,569$8,160$7,771$7,403$7,053$6,181
6 years$7,069$6,663$6,280$5,920$5,581$4,748
7 years$5,998$5,596$5,219$4,867$4,539$3,745
8 years$5,195$4,796$4,426$4,083$3,765$3,010
9 years$4,571$4,176$3,812$3,478$3,171$2,454
10 years$4,072$3,681$3,324$2,998$2,702$2,023
11 years$3,665$3,277$2,926$2,609$2,324$1,681
12 years$3,325$2,941$2,597$2,289$2,014$1,407
13 years$3,038$2,658$2,320$2,020$1,756$1,184
14 years$2,792$2,416$2,085$1,794$1,539$1,001
15 years$2,579$2,207$1,882$1,599$1,355$849
16 years$2,392$2,025$1,706$1,432$1,198$722
17 years$2,228$1,865$1,553$1,287$1,062$616
18 years$2,083$1,723$1,417$1,160$944$527
19 years$1,952$1,597$1,298$1,048$842$451
20 years$1,835$1,484$1,191$949$752$387
21 years$1,730$1,382$1,095$861$673$333
22 years$1,633$1,290$1,010$783$603$286
23 years$1,546$1,207$932$713$541$246
24 years$1,466$1,131$862$650$487$212
25 years$1,392$1,061$798$594$438$183
26 years$1,324$997$741$543$394$158
27 years$1,262$939$688$497$356$136
28 years$1,204$884$639$456$321$117
29 years$1,150$834$595$418$290$101
30 years$1,099$788$554$383$262$88
31 years$1,052$745$517$352$237$76
32 years$1,008$705$482$324$214$65
33 years$967$668$450$298$194$57
34 years$928$633$420$274$175$49
35 years$892$600$393$252$159$42
36 years$858$570$368$232$144$37
37 years$825$541$344$214$130$32
38 years$795$514$322$197$118$27
39 years$766$489$302$182$107$24
40 years$738$465$283$168$97$21
41 years$712$443$265$155$88$18
42 years$687$422$249$143$80$15
43 years$664$402$234$132$73$13
44 years$642$383$219$122$66$12
45 years$620$365$206$112$60$10
46 years$600$348$193$104$54$9
47 years$581$332$182$96$49$7
48 years$562$317$171$89$45$6
49 years$544$303$160$82$41$6
50 years$527$289$151$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $540,000, adding $4,920 every year, while hoping to spend $47,105 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: 36/50/14 Blend
49$540,000$540,000$540,000$540,000
50$600,155$571,535$563,165$619,013
51$611,251$549,421$531,912$610,933
52$621,901$524,644$498,033$597,364
53$632,008$497,025$461,390$581,693
54$641,467$466,373$421,840$563,757
55$650,157$432,486$379,233$543,380
56$657,947$395,152$333,411$520,376
57$664,688$354,144$284,210$494,545
58$670,214$309,226$231,459$465,670
59$674,343$260,145$174,980$433,523
60$676,869$206,635$114,585$397,854
61$677,566$148,417$50,081$358,399
62$676,182$85,193$0$314,874
63$672,435$16,650$0$269,773
64$666,016$0$0$228,132
65$656,579$0$0$213,802
66$643,742$0$0$207,239
67$627,083$0$0$199,113
68$606,131$0$0$189,237
69$580,366$0$0$177,402
70$549,215$0$0$163,379
71$512,041$0$0$146,914
72$468,139$0$0$127,727
73$416,731$0$0$105,505
74$356,956$0$0$79,907
75$287,862$0$0$50,552
76$208,397$0$0$17,022
77$117,398$0$0$0
78$13,582$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0