Can I retire at age 50 with 542,000?

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 $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%19.3%
1 years$44,758$44,359$43,970$43,591$43,220$41,604
2 years$22,157$21,745$21,345$20,957$20,581$18,971
3 years$14,625$14,210$13,811$13,427$13,057$11,505
4 years$10,859$10,446$10,051$9,674$9,313$7,829
5 years$8,601$8,190$7,800$7,430$7,079$5,668
6 years$7,095$6,688$6,304$5,942$5,602$4,264
7 years$6,020$5,616$5,238$4,885$4,556$3,292
8 years$5,215$4,814$4,443$4,098$3,779$2,587
9 years$4,588$4,192$3,826$3,491$3,183$2,061
10 years$4,088$3,695$3,336$3,009$2,712$1,659
11 years$3,678$3,289$2,937$2,619$2,332$1,346
12 years$3,337$2,952$2,606$2,297$2,021$1,098
13 years$3,049$2,668$2,329$2,028$1,762$901
14 years$2,802$2,425$2,092$1,800$1,545$741
15 years$2,588$2,215$1,889$1,605$1,360$612
16 years$2,401$2,033$1,713$1,437$1,202$507
17 years$2,237$1,872$1,559$1,292$1,066$421
18 years$2,090$1,730$1,423$1,164$948$350
19 years$1,960$1,603$1,302$1,052$845$291
20 years$1,842$1,490$1,195$953$755$243
21 years$1,736$1,388$1,099$864$675$202
22 years$1,640$1,295$1,013$786$605$169
23 years$1,552$1,211$936$716$543$141
24 years$1,471$1,135$865$653$488$118
25 years$1,397$1,065$801$596$439$99
26 years$1,329$1,001$743$545$396$83
27 years$1,266$942$690$499$357$69
28 years$1,208$888$642$457$322$58
29 years$1,154$837$597$419$291$48
30 years$1,103$791$556$385$263$41
31 years$1,056$748$519$353$238$34
32 years$1,012$707$484$325$215$28
33 years$971$670$452$299$194$24
34 years$932$635$422$275$176$20
35 years$895$602$395$253$159$17
36 years$861$572$369$233$144$14
37 years$828$543$345$215$131$12
38 years$798$516$324$198$119$10
39 years$769$491$303$182$108$8
40 years$741$467$284$168$98$7
41 years$715$444$266$155$89$6
42 years$690$423$250$143$80$5
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 $6,449 every year, while hoping to spend $22,970 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: 69/19/12 Blend
49$542,000$542,000$542,000$542,000
50$603,936$575,210$566,809$643,605
51$641,098$578,956$561,357$674,535
52$681,280$582,115$554,953$704,988
53$724,767$584,634$547,540$737,704
54$771,870$586,458$539,060$772,901
55$822,933$587,527$529,450$810,820
56$878,332$587,776$518,647$851,728
57$938,484$587,139$506,584$895,918
58$1,003,843$585,543$493,188$943,714
59$1,074,913$582,912$478,388$995,474
60$1,152,245$579,166$462,105$1,051,593
61$1,236,448$574,219$444,259$1,112,504
62$1,328,189$567,979$424,765$1,178,689
63$1,428,205$560,351$403,536$1,250,677
64$1,537,305$551,231$380,478$1,329,051
65$1,656,382$540,513$355,495$1,414,456
66$1,786,416$528,082$328,487$1,507,604
67$1,928,488$513,815$299,349$1,609,278
68$2,083,787$497,585$267,970$1,720,343
69$2,253,621$479,255$234,235$1,841,754
70$2,439,434$458,681$198,025$1,974,563
71$2,642,811$435,712$159,214$2,119,932
72$2,865,501$410,185$117,672$2,279,142
73$3,109,430$381,931$73,261$2,453,604
74$3,376,715$350,770$25,839$2,644,879
75$3,669,693$316,511$0$2,854,683
76$3,990,934$278,952$0$3,088,085
77$4,343,270$237,881$0$3,347,741
78$4,729,820$193,074$0$3,632,666
79$5,154,020$144,292$0$3,945,425
80$5,619,653$91,286$0$4,288,844
81$6,130,888$33,789$0$4,666,041
82$6,692,317$0$0$5,080,452
83$7,308,999$0$0$5,541,817
84$7,986,505$0$0$6,056,482
85$8,730,975$0$0$6,622,048
86$9,549,170$0$0$7,243,658
87$10,448,542$0$0$7,926,976
88$11,437,298$0$0$8,678,243
89$12,524,483$0$0$9,504,335
90$13,720,058$0$0$10,412,828
91$15,035,002$0$0$11,412,066
92$16,481,408$0$0$12,511,246
93$18,072,601$0$0$13,720,500
94$19,823,265$0$0$15,050,991
95$21,749,574$0$0$16,515,019
96$23,869,354$0$0$18,126,135
97$26,202,243$0$0$19,899,272
98$28,769,881$0$0$21,850,884
99$31,596,110$0$0$23,999,100
100$34,707,203$0$0$26,363,895