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%16.6%
1 years$45,088$44,687$44,295$43,912$43,539$42,366
2 years$22,321$21,905$21,502$21,112$20,733$19,560
3 years$14,733$14,315$13,913$13,526$13,154$12,017
4 years$10,939$10,523$10,125$9,745$9,381$8,290
5 years$8,664$8,250$7,858$7,485$7,132$6,088
6 years$7,148$6,737$6,350$5,986$5,643$4,648
7 years$6,065$5,658$5,277$4,921$4,589$3,644
8 years$5,253$4,850$4,475$4,128$3,807$2,910
9 years$4,622$4,223$3,855$3,516$3,206$2,357
10 years$4,118$3,722$3,361$3,031$2,732$1,929
11 years$3,705$3,313$2,959$2,638$2,349$1,593
12 years$3,362$2,974$2,626$2,314$2,036$1,323
13 years$3,071$2,688$2,346$2,043$1,775$1,105
14 years$2,823$2,443$2,108$1,813$1,556$927
15 years$2,607$2,232$1,903$1,617$1,370$780
16 years$2,419$2,048$1,725$1,448$1,211$659
17 years$2,253$1,886$1,570$1,301$1,074$558
18 years$2,106$1,742$1,433$1,173$955$473
19 years$1,974$1,615$1,312$1,059$851$402
20 years$1,856$1,501$1,204$960$760$342
21 years$1,749$1,398$1,108$871$680$291
22 years$1,652$1,305$1,021$792$610$248
23 years$1,563$1,220$943$721$547$212
24 years$1,482$1,143$872$658$492$181
25 years$1,408$1,073$807$601$443$155
26 years$1,339$1,008$749$549$399$132
27 years$1,276$949$695$503$360$113
28 years$1,217$894$646$461$324$97
29 years$1,162$844$602$422$293$83
30 years$1,111$797$560$388$265$71
31 years$1,064$753$522$356$239$61
32 years$1,019$713$487$327$216$52
33 years$978$675$455$301$196$45
34 years$939$640$425$277$177$38
35 years$902$607$397$255$161$33
36 years$867$576$372$235$146$28
37 years$834$547$348$216$132$24
38 years$803$520$326$199$120$21
39 years$774$494$305$184$108$18
40 years$746$470$286$170$98$15
41 years$720$448$268$156$89$13
42 years$695$426$252$144$81$11
43 years$671$406$236$133$73$10
44 years$649$387$222$123$67$8
45 years$627$369$208$114$61$7
46 years$607$352$196$105$55$6
47 years$587$336$184$97$50$5
48 years$568$321$173$90$45$4
49 years$550$306$162$83$41$4
50 years$533$293$153$77$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $546,000, adding $6,858 every year, while hoping to spend $28,993 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: 46/42/12 Blend
49$546,000$546,000$546,000$546,000
50$608,766$579,828$571,365$634,411
51$640,012$577,391$559,657$650,437
52$673,473$573,863$546,586$664,293
53$709,345$569,160$532,074$678,677
54$747,842$563,193$516,042$693,648
55$789,199$555,867$498,407$709,274
56$833,674$547,081$479,081$725,631
57$881,552$536,731$457,972$742,804
58$933,142$524,702$434,987$760,890
59$988,787$510,878$410,023$779,997
60$1,048,862$495,130$382,978$800,247
61$1,113,781$477,326$353,743$821,778
62$1,183,996$457,325$322,203$844,742
63$1,260,007$434,976$288,239$869,313
64$1,342,361$410,123$251,729$895,683
65$1,431,660$382,598$212,540$924,067
66$1,528,568$352,224$170,539$954,708
67$1,633,814$318,814$125,583$987,875
68$1,748,198$282,171$77,526$1,023,868
69$1,872,603$242,087$26,212$1,063,025
70$2,007,999$198,340$0$1,105,720
71$2,155,454$150,697$0$1,156,026
72$2,316,143$98,914$0$1,214,572
73$2,491,358$42,729$0$1,278,540
74$2,682,522$0$0$1,348,531
75$2,891,202$0$0$1,433,589
76$3,119,122$0$0$1,548,118
77$3,368,180$0$0$1,673,330
78$3,640,465$0$0$1,810,283
79$3,938,279$0$0$1,960,144
80$4,264,153$0$0$2,124,194
81$4,620,879$0$0$2,303,848
82$5,011,526$0$0$2,500,660
83$5,439,478$0$0$2,716,344
84$5,908,459$0$0$2,952,788
85$6,422,573$0$0$3,212,069
86$6,986,337$0$0$3,496,476
87$7,604,727$0$0$3,808,532
88$8,283,226$0$0$4,151,013
89$9,027,870$0$0$4,526,979
90$9,845,310$0$0$4,939,799
91$10,742,872$0$0$5,393,185
92$11,728,625$0$0$5,891,226
93$12,811,459$0$0$6,438,428
94$14,001,168$0$0$7,039,752
95$15,308,540$0$0$7,700,667
96$16,745,460$0$0$8,427,195
97$18,325,023$0$0$9,225,972
98$20,061,654$0$0$10,104,310
99$21,971,247$0$0$11,070,262
100$24,071,312$0$0$12,132,704