Can I retire at age 50 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$45,088$44,687$44,295$43,912$43,539$42,162
2 years$22,321$21,905$21,502$21,112$20,733$19,358
3 years$14,733$14,315$13,913$13,526$13,154$11,824
4 years$10,939$10,523$10,125$9,745$9,381$8,107
5 years$8,664$8,250$7,858$7,485$7,132$5,917
6 years$7,148$6,737$6,350$5,986$5,643$4,488
7 years$6,065$5,658$5,277$4,921$4,589$3,494
8 years$5,253$4,850$4,475$4,128$3,807$2,771
9 years$4,622$4,223$3,855$3,516$3,206$2,228
10 years$4,118$3,722$3,361$3,031$2,732$1,810
11 years$3,705$3,313$2,959$2,638$2,349$1,483
12 years$3,362$2,974$2,626$2,314$2,036$1,222
13 years$3,071$2,688$2,346$2,043$1,775$1,013
14 years$2,823$2,443$2,108$1,813$1,556$842
15 years$2,607$2,232$1,903$1,617$1,370$703
16 years$2,419$2,048$1,725$1,448$1,211$589
17 years$2,253$1,886$1,570$1,301$1,074$494
18 years$2,106$1,742$1,433$1,173$955$415
19 years$1,974$1,615$1,312$1,059$851$349
20 years$1,856$1,501$1,204$960$760$295
21 years$1,749$1,398$1,108$871$680$249
22 years$1,652$1,305$1,021$792$610$210
23 years$1,563$1,220$943$721$547$177
24 years$1,482$1,143$872$658$492$150
25 years$1,408$1,073$807$601$443$127
26 years$1,339$1,008$749$549$399$108
27 years$1,276$949$695$503$360$91
28 years$1,217$894$646$461$324$77
29 years$1,162$844$602$422$293$65
30 years$1,111$797$560$388$265$55
31 years$1,064$753$522$356$239$47
32 years$1,019$713$487$327$216$40
33 years$978$675$455$301$196$34
34 years$939$640$425$277$177$29
35 years$902$607$397$255$161$24
36 years$867$576$372$235$146$21
37 years$834$547$348$216$132$18
38 years$803$520$326$199$120$15
39 years$774$494$305$184$108$13
40 years$746$470$286$170$98$11
41 years$720$448$268$156$89$9
42 years$695$426$252$144$81$8
43 years$671$406$236$133$73$7
44 years$649$387$222$123$67$6
45 years$627$369$208$114$61$5
46 years$607$352$196$105$55$4
47 years$587$336$184$97$50$3
48 years$568$321$173$90$45$3
49 years$550$306$162$83$41$2
50 years$533$293$153$77$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $546,000, adding $3,200 every year, while hoping to spend $41,373 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: 52/27/21 Blend
49$546,000$546,000$546,000$546,000
50$604,993$576,055$567,592$632,786
51$622,682$560,261$542,586$636,491
52$640,788$542,307$515,355$635,973
53$659,311$522,042$485,782$634,534
54$678,247$499,309$453,743$632,102
55$697,594$473,941$419,108$628,598
56$717,344$445,759$381,744$623,939
57$737,489$414,577$341,508$618,038
58$758,019$380,198$298,255$610,800
59$778,920$342,410$251,830$602,125
60$800,176$300,995$202,072$591,906
61$821,767$255,716$148,814$580,030
62$843,669$206,328$91,881$566,375
63$865,855$152,570$31,091$550,811
64$888,292$94,165$0$533,202
65$910,942$30,824$0$520,969
66$933,762$0$0$514,313
67$956,701$0$0$517,357
68$979,703$0$0$529,566
69$1,002,702$0$0$541,742
70$1,025,623$0$0$553,842
71$1,048,382$0$0$565,817
72$1,070,885$0$0$577,611
73$1,093,023$0$0$589,161
74$1,114,676$0$0$600,398
75$1,135,708$0$0$611,242
76$1,155,966$0$0$621,604
77$1,175,279$0$0$631,386
78$1,193,457$0$0$640,476
79$1,210,285$0$0$648,752
80$1,225,525$0$0$656,074
81$1,238,911$0$0$662,289
82$1,250,146$0$0$667,226
83$1,258,901$0$0$670,695
84$1,264,808$0$0$672,482
85$1,267,458$0$0$672,354
86$1,266,399$0$0$670,047
87$1,261,125$0$0$665,272
88$1,251,079$0$0$657,707
89$1,235,640$0$0$646,994
90$1,214,119$0$0$632,739
91$1,185,756$0$0$614,501
92$1,149,705$0$0$591,795
93$1,105,032$0$0$564,084
94$1,050,700$0$0$530,772
95$985,565$0$0$491,200
96$908,359$0$0$444,640
97$817,678$0$0$390,287
98$711,974$0$0$327,248
99$589,530$0$0$254,540
100$448,453$0$0$171,073