Can I retire at age 50 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,006$44,605$44,214$43,832$43,459$41,950
2 years$22,280$21,865$21,463$21,073$20,695$19,191
3 years$14,706$14,289$13,888$13,502$13,130$11,677
4 years$10,919$10,504$10,107$9,727$9,364$7,974
5 years$8,648$8,235$7,843$7,471$7,118$5,795
6 years$7,135$6,725$6,339$5,975$5,633$4,376
7 years$6,054$5,647$5,267$4,912$4,581$3,392
8 years$5,244$4,841$4,467$4,121$3,800$2,677
9 years$4,614$4,215$3,848$3,510$3,200$2,142
10 years$4,110$3,715$3,354$3,026$2,727$1,732
11 years$3,698$3,307$2,953$2,633$2,345$1,411
12 years$3,356$2,969$2,621$2,310$2,032$1,157
13 years$3,066$2,683$2,342$2,039$1,772$953
14 years$2,817$2,438$2,104$1,810$1,553$789
15 years$2,602$2,228$1,900$1,614$1,368$655
16 years$2,415$2,044$1,722$1,445$1,209$545
17 years$2,249$1,882$1,567$1,299$1,072$454
18 years$2,102$1,739$1,431$1,170$953$380
19 years$1,970$1,612$1,310$1,058$849$318
20 years$1,852$1,498$1,202$958$759$266
21 years$1,746$1,395$1,106$869$679$223
22 years$1,649$1,302$1,019$790$609$187
23 years$1,560$1,218$941$720$546$157
24 years$1,479$1,141$870$657$491$132
25 years$1,405$1,071$806$600$442$111
26 years$1,337$1,007$747$548$398$94
27 years$1,273$947$694$502$359$79
28 years$1,215$893$645$460$324$66
29 years$1,160$842$600$422$292$56
30 years$1,109$795$559$387$264$47
31 years$1,062$752$521$355$239$40
32 years$1,018$711$486$327$216$33
33 years$976$674$454$300$196$28
34 years$937$639$424$276$177$24
35 years$900$606$397$254$160$20
36 years$866$575$371$234$145$17
37 years$833$546$347$216$132$14
38 years$802$519$325$199$119$12
39 years$773$493$305$183$108$10
40 years$745$469$286$169$98$8
41 years$719$447$268$156$89$7
42 years$694$426$251$144$81$6
43 years$670$405$236$133$73$5
44 years$648$386$221$123$67$4
45 years$626$369$208$113$60$4
46 years$605$352$195$105$55$3
47 years$586$336$183$97$50$3
48 years$567$320$172$89$45$2
49 years$549$306$162$83$41$2
50 years$532$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $545,000, adding $3,856 every year, while hoping to spend $21,345 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: 34/46/20 Blend
49$545,000$545,000$545,000$545,000
50$604,567$575,682$567,235$621,302
51$643,522$581,180$563,526$639,490
52$685,735$586,232$558,978$656,850
53$731,516$590,793$553,540$675,127
54$781,205$594,816$547,158$694,415
55$835,178$598,251$539,777$714,820
56$893,846$601,045$531,339$736,457
57$957,662$603,141$521,783$759,457
58$1,027,126$604,477$511,045$783,965
59$1,102,786$604,990$499,059$810,140
60$1,185,247$604,611$485,754$838,162
61$1,275,174$603,268$471,058$868,230
62$1,373,297$600,884$454,894$900,566
63$1,480,422$597,376$437,182$935,414
64$1,597,437$592,659$417,839$973,049
65$1,725,316$586,640$396,777$1,013,774
66$1,865,134$579,222$373,906$1,057,924
67$2,018,075$570,301$349,129$1,105,875
68$2,185,441$559,768$322,347$1,158,040
69$2,368,666$547,506$293,455$1,214,880
70$2,569,329$533,394$262,346$1,276,904
71$2,789,171$517,300$228,905$1,344,679
72$3,030,107$499,088$193,013$1,418,830
73$3,294,245$478,611$154,547$1,500,054
74$3,583,911$455,715$113,376$1,589,118
75$3,901,662$430,238$69,367$1,686,876
76$4,250,318$402,006$22,377$1,794,271
77$4,632,984$370,838$0$1,912,348
78$5,053,079$336,540$0$2,048,190
79$5,514,371$298,908$0$2,202,632
80$6,021,010$257,728$0$2,372,345
81$6,577,568$212,771$0$2,558,932
82$7,189,081$163,798$0$2,764,163
83$7,861,097$110,554$0$2,989,994
84$8,599,728$52,770$0$3,238,586
85$9,411,710$0$0$3,512,326
86$10,304,459$0$0$3,818,825
87$11,286,151$0$0$4,185,321
88$12,365,791$0$0$4,588,474
89$13,553,300$0$0$5,032,001
90$14,859,610$0$0$5,519,996
91$16,296,766$0$0$6,056,970
92$17,878,039$0$0$6,647,894
93$19,618,050$0$0$7,298,246
94$21,532,910$0$0$8,014,060
95$23,640,371$0$0$8,801,986
96$25,959,992$0$0$9,669,351
97$28,513,327$0$0$10,624,228
98$31,324,123$0$0$11,675,514
99$34,418,547$0$0$12,833,011
100$37,825,431$0$0$14,107,520