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%16.6%
1 years$45,006$44,605$44,214$43,832$43,459$42,288
2 years$22,280$21,865$21,463$21,073$20,695$19,524
3 years$14,706$14,289$13,888$13,502$13,130$11,995
4 years$10,919$10,504$10,107$9,727$9,364$8,274
5 years$8,648$8,235$7,843$7,471$7,118$6,077
6 years$7,135$6,725$6,339$5,975$5,633$4,640
7 years$6,054$5,647$5,267$4,912$4,581$3,637
8 years$5,244$4,841$4,467$4,121$3,800$2,905
9 years$4,614$4,215$3,848$3,510$3,200$2,353
10 years$4,110$3,715$3,354$3,026$2,727$1,926
11 years$3,698$3,307$2,953$2,633$2,345$1,590
12 years$3,356$2,969$2,621$2,310$2,032$1,321
13 years$3,066$2,683$2,342$2,039$1,772$1,103
14 years$2,817$2,438$2,104$1,810$1,553$925
15 years$2,602$2,228$1,900$1,614$1,368$779
16 years$2,415$2,044$1,722$1,445$1,209$658
17 years$2,249$1,882$1,567$1,299$1,072$557
18 years$2,102$1,739$1,431$1,170$953$472
19 years$1,970$1,612$1,310$1,058$849$401
20 years$1,852$1,498$1,202$958$759$341
21 years$1,746$1,395$1,106$869$679$291
22 years$1,649$1,302$1,019$790$609$248
23 years$1,560$1,218$941$720$546$211
24 years$1,479$1,141$870$657$491$181
25 years$1,405$1,071$806$600$442$154
26 years$1,337$1,007$747$548$398$132
27 years$1,273$947$694$502$359$113
28 years$1,215$893$645$460$324$97
29 years$1,160$842$600$422$292$83
30 years$1,109$795$559$387$264$71
31 years$1,062$752$521$355$239$61
32 years$1,018$711$486$327$216$52
33 years$976$674$454$300$196$44
34 years$937$639$424$276$177$38
35 years$900$606$397$254$160$33
36 years$866$575$371$234$145$28
37 years$833$546$347$216$132$24
38 years$802$519$325$199$119$21
39 years$773$493$305$183$108$18
40 years$745$469$286$169$98$15
41 years$719$447$268$156$89$13
42 years$694$426$251$144$81$11
43 years$670$405$236$133$73$10
44 years$648$386$221$123$67$8
45 years$626$369$208$113$60$7
46 years$605$352$195$105$55$6
47 years$586$336$183$97$50$5
48 years$567$320$172$89$45$4
49 years$549$306$162$83$41$4
50 years$532$292$152$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $545,000, adding $4,495 every year, while hoping to spend $21,335 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: 40/35/25 Blend
49$545,000$545,000$545,000$545,000
50$605,227$576,342$567,894$624,810
51$644,259$581,882$564,218$644,913
52$686,559$586,979$559,704$664,311
53$732,435$591,588$554,301$684,878
54$782,229$595,662$547,957$706,735
55$836,318$599,151$540,615$730,013
56$895,115$602,001$532,217$754,861
57$959,073$604,156$522,704$781,443
58$1,028,694$605,556$512,010$809,939
59$1,104,528$606,135$500,069$840,554
60$1,187,181$605,827$486,813$873,509
61$1,277,319$604,558$472,166$909,055
62$1,375,676$602,251$456,054$947,465
63$1,483,060$598,826$438,397$989,047
64$1,600,359$594,196$419,110$1,034,138
65$1,728,553$588,269$398,108$1,083,114
66$1,868,718$580,947$375,298$1,136,391
67$2,022,042$572,128$350,585$1,194,428
68$2,189,831$561,703$323,869$1,257,737
69$2,373,522$549,555$295,048$1,326,882
70$2,574,700$535,562$264,011$1,402,487
71$2,795,109$519,594$230,645$1,485,246
72$3,036,671$501,515$194,832$1,575,923
73$3,301,500$481,178$156,448$1,675,367
74$3,591,927$458,430$115,363$1,784,514
75$3,910,519$433,108$71,442$1,904,400
76$4,260,101$405,040$24,545$2,036,174
77$4,643,789$374,044$0$2,181,102
78$5,065,011$339,927$0$2,347,389
79$5,527,545$302,487$0$2,537,211
80$6,035,554$261,508$0$2,745,769
81$6,593,623$216,764$0$2,975,000
82$7,206,801$168,014$0$3,227,042
83$7,880,653$115,005$0$3,504,254
84$8,621,309$57,470$0$3,809,241
85$9,435,521$0$0$4,144,874
86$10,330,731$0$0$4,516,201
87$11,315,136$0$0$4,948,942
88$12,397,765$0$0$5,424,944
89$13,588,570$0$0$5,948,591
90$14,898,514$0$0$6,524,715
91$16,339,675$0$0$7,158,638
92$17,925,362$0$0$7,856,227
93$19,670,239$0$0$8,623,942
94$21,590,462$0$0$9,468,906
95$23,703,835$0$0$10,398,963
96$26,029,974$0$0$11,422,760
97$28,590,491$0$0$12,549,822
98$31,409,203$0$0$13,790,645
99$34,512,352$0$0$15,156,795
100$37,928,853$0$0$16,661,017