Can I retire at age 50 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$44,923$44,523$44,132$43,751$43,379$42,802
2 years$22,239$21,825$21,424$21,034$20,657$20,076
3 years$14,679$14,263$13,862$13,477$13,106$12,539
4 years$10,899$10,485$10,088$9,709$9,347$8,800
5 years$8,632$8,220$7,829$7,458$7,105$6,579
6 years$7,121$6,712$6,327$5,964$5,622$5,117
7 years$6,043$5,637$5,258$4,903$4,572$4,088
8 years$5,234$4,832$4,459$4,113$3,793$3,331
9 years$4,605$4,207$3,841$3,504$3,194$2,753
10 years$4,103$3,708$3,348$3,020$2,722$2,301
11 years$3,692$3,301$2,948$2,628$2,341$1,941
12 years$3,349$2,963$2,616$2,305$2,029$1,648
13 years$3,060$2,678$2,337$2,035$1,769$1,408
14 years$2,812$2,434$2,100$1,807$1,551$1,209
15 years$2,598$2,224$1,896$1,611$1,365$1,042
16 years$2,410$2,040$1,719$1,443$1,207$901
17 years$2,245$1,879$1,564$1,296$1,070$781
18 years$2,098$1,736$1,428$1,168$951$679
19 years$1,967$1,609$1,307$1,056$848$592
20 years$1,849$1,495$1,200$956$757$517
21 years$1,742$1,393$1,104$868$678$451
22 years$1,646$1,300$1,017$789$608$395
23 years$1,557$1,216$939$718$545$346
24 years$1,477$1,139$868$655$490$304
25 years$1,403$1,069$804$598$441$267
26 years$1,334$1,005$746$547$397$234
27 years$1,271$946$693$501$358$206
28 years$1,212$891$644$459$323$181
29 years$1,158$841$599$421$292$159
30 years$1,107$794$558$386$264$140
31 years$1,060$750$520$355$238$124
32 years$1,016$710$486$326$216$109
33 years$974$672$453$300$195$96
34 years$935$637$424$276$177$85
35 years$899$605$396$254$160$75
36 years$864$574$370$234$145$66
37 years$831$545$347$215$131$58
38 years$801$518$325$199$119$51
39 years$771$492$304$183$108$45
40 years$744$469$285$169$98$40
41 years$718$446$267$156$89$35
42 years$693$425$251$144$81$31
43 years$669$405$235$133$73$27
44 years$646$386$221$123$66$24
45 years$625$368$207$113$60$21
46 years$604$351$195$105$55$19
47 years$585$335$183$97$50$17
48 years$566$320$172$89$45$15
49 years$548$305$162$82$41$13
50 years$531$292$152$76$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $544,000, adding $6,009 every year, while hoping to spend $35,109 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: 64/24/12 Blend
49$544,000$544,000$544,000$544,000
50$605,686$576,854$568,422$642,401
51$630,111$567,764$550,109$658,597
52$655,849$557,052$530,005$671,656
53$683,000$544,602$508,014$685,041
54$711,668$530,289$484,034$698,784
55$741,968$513,984$457,960$712,920
56$774,027$495,547$429,680$727,490
57$807,982$474,833$399,078$742,539
58$843,983$451,687$366,034$758,119
59$882,194$425,944$330,421$774,289
60$922,795$397,432$292,107$791,116
61$965,981$365,968$250,953$808,675
62$1,011,968$331,356$206,817$827,051
63$1,060,990$293,394$159,547$846,340
64$1,113,305$251,865$108,986$866,649
65$1,169,195$206,539$54,970$888,100
66$1,228,970$157,177$0$910,829
67$1,292,967$103,521$0$935,331
68$1,361,560$45,304$0$968,968
69$1,435,156$0$0$1,004,911
70$1,514,202$0$0$1,048,090
71$1,599,189$0$0$1,107,405
72$1,690,658$0$0$1,171,271
73$1,789,199$0$0$1,240,104
74$1,895,463$0$0$1,314,364
75$2,010,165$0$0$1,394,553
76$2,134,089$0$0$1,481,225
77$2,268,098$0$0$1,574,986
78$2,413,141$0$0$1,676,505
79$2,570,260$0$0$1,786,517
80$2,740,601$0$0$1,905,828
81$2,925,424$0$0$2,035,328
82$3,126,115$0$0$2,175,992
83$3,344,200$0$0$2,328,895
84$3,581,354$0$0$2,495,220
85$3,839,423$0$0$2,676,266
86$4,120,438$0$0$2,873,465
87$4,426,632$0$0$3,088,391
88$4,760,465$0$0$3,322,777
89$5,124,641$0$0$3,578,530
90$5,522,139$0$0$3,857,751
91$5,956,237$0$0$4,162,749
92$6,430,546$0$0$4,496,070
93$6,949,037$0$0$4,860,515
94$7,516,085$0$0$5,259,167
95$8,136,507$0$0$5,695,422
96$8,815,606$0$0$6,173,019
97$9,559,222$0$0$6,696,077
98$10,373,786$0$0$7,269,128
99$11,266,381$0$0$7,897,168
100$12,244,807$0$0$8,585,695