Can I retire at age 50 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$44,758$44,359$43,970$43,591$43,220$41,554
2 years$22,157$21,745$21,345$20,957$20,581$18,923
3 years$14,625$14,210$13,811$13,427$13,057$11,459
4 years$10,859$10,446$10,051$9,674$9,313$7,786
5 years$8,601$8,190$7,800$7,430$7,079$5,628
6 years$7,095$6,688$6,304$5,942$5,602$4,227
7 years$6,020$5,616$5,238$4,885$4,556$3,257
8 years$5,215$4,814$4,443$4,098$3,779$2,556
9 years$4,588$4,192$3,826$3,491$3,183$2,033
10 years$4,088$3,695$3,336$3,009$2,712$1,633
11 years$3,678$3,289$2,937$2,619$2,332$1,322
12 years$3,337$2,952$2,606$2,297$2,021$1,076
13 years$3,049$2,668$2,329$2,028$1,762$881
14 years$2,802$2,425$2,092$1,800$1,545$724
15 years$2,588$2,215$1,889$1,605$1,360$596
16 years$2,401$2,033$1,713$1,437$1,202$493
17 years$2,237$1,872$1,559$1,292$1,066$408
18 years$2,090$1,730$1,423$1,164$948$338
19 years$1,960$1,603$1,302$1,052$845$281
20 years$1,842$1,490$1,195$953$755$234
21 years$1,736$1,388$1,099$864$675$194
22 years$1,640$1,295$1,013$786$605$162
23 years$1,552$1,211$936$716$543$135
24 years$1,471$1,135$865$653$488$113
25 years$1,397$1,065$801$596$439$94
26 years$1,329$1,001$743$545$396$78
27 years$1,266$942$690$499$357$65
28 years$1,208$888$642$457$322$55
29 years$1,154$837$597$419$291$46
30 years$1,103$791$556$385$263$38
31 years$1,056$748$519$353$238$32
32 years$1,012$707$484$325$215$27
33 years$971$670$452$299$194$22
34 years$932$635$422$275$176$19
35 years$895$602$395$253$159$16
36 years$861$572$369$233$144$13
37 years$828$543$345$215$131$11
38 years$798$516$324$198$119$9
39 years$769$491$303$182$108$8
40 years$741$467$284$168$98$6
41 years$715$444$266$155$89$5
42 years$690$423$250$143$80$4
43 years$666$403$234$132$73$4
44 years$644$384$220$122$66$3
45 years$623$367$207$113$60$3
46 years$602$350$194$104$55$2
47 years$583$334$182$96$50$2
48 years$564$319$171$89$45$2
49 years$546$304$161$82$41$1
50 years$529$291$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 $542,000, adding $4,758 every year, while hoping to spend $38,481 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: 66/15/19 Blend
49$542,000$542,000$542,000$542,000
50$602,192$573,466$565,065$638,782
51$622,672$560,622$543,051$651,050
52$643,951$545,860$519,010$659,587
53$666,071$529,043$492,833$667,997
54$689,074$510,030$464,407$676,265
55$713,008$488,671$433,614$684,380
56$737,924$464,804$400,329$692,329
57$763,875$438,262$364,422$700,098
58$790,919$408,866$325,759$707,676
59$819,120$376,427$284,199$715,052
60$848,544$340,746$239,593$722,213
61$879,264$301,611$191,789$729,149
62$911,359$258,800$140,624$735,852
63$944,913$212,077$85,930$742,312
64$980,019$161,194$27,534$748,524
65$1,016,776$105,887$0$754,481
66$1,055,291$45,879$0$767,234
67$1,095,680$0$0$786,145
68$1,138,071$0$0$808,827
69$1,182,601$0$0$840,618
70$1,229,419$0$0$874,055
71$1,278,687$0$0$909,255
72$1,330,583$0$0$946,346
73$1,385,298$0$0$985,467
74$1,443,042$0$0$1,026,770
75$1,504,045$0$0$1,070,420
76$1,568,555$0$0$1,116,599
77$1,636,844$0$0$1,165,504
78$1,709,210$0$0$1,217,349
79$1,785,978$0$0$1,272,372
80$1,867,503$0$0$1,330,828
81$1,954,172$0$0$1,393,000
82$2,046,412$0$0$1,459,197
83$2,144,688$0$0$1,529,754
84$2,249,508$0$0$1,605,043
85$2,361,430$0$0$1,685,468
86$2,481,067$0$0$1,771,472
87$2,609,087$0$0$1,863,543
88$2,746,227$0$0$1,962,214
89$2,893,292$0$0$2,068,069
90$3,051,166$0$0$2,181,751
91$3,220,821$0$0$2,303,966
92$3,403,321$0$0$2,435,486
93$3,599,836$0$0$2,577,161
94$3,811,651$0$0$2,729,924
95$4,040,178$0$0$2,894,802
96$4,286,965$0$0$3,072,919
97$4,553,718$0$0$3,265,513
98$4,842,308$0$0$3,473,946
99$5,154,794$0$0$3,699,713
100$5,493,439$0$0$3,944,457