Can I retire at age 50 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$45,253$44,850$44,457$44,073$43,698$42,974
2 years$22,403$21,985$21,581$21,189$20,809$20,081
3 years$14,787$14,368$13,964$13,576$13,202$12,494
4 years$10,980$10,562$10,162$9,781$9,416$8,733
5 years$8,696$8,281$7,887$7,513$7,158$6,501
6 years$7,174$6,762$6,373$6,008$5,664$5,035
7 years$6,087$5,678$5,296$4,939$4,606$4,005
8 years$5,272$4,867$4,492$4,144$3,821$3,248
9 years$4,639$4,238$3,869$3,529$3,218$2,672
10 years$4,133$3,736$3,373$3,042$2,742$2,222
11 years$3,719$3,326$2,969$2,648$2,358$1,865
12 years$3,374$2,985$2,635$2,322$2,043$1,576
13 years$3,083$2,697$2,354$2,050$1,782$1,339
14 years$2,833$2,452$2,115$1,820$1,562$1,144
15 years$2,617$2,240$1,910$1,623$1,375$980
16 years$2,428$2,055$1,732$1,453$1,216$843
17 years$2,261$1,893$1,576$1,306$1,078$727
18 years$2,113$1,749$1,438$1,177$958$628
19 years$1,981$1,621$1,317$1,063$854$544
20 years$1,862$1,506$1,209$963$763$472
21 years$1,755$1,403$1,112$874$683$410
22 years$1,658$1,310$1,025$795$612$357
23 years$1,569$1,225$946$724$549$311
24 years$1,488$1,148$875$660$494$271
25 years$1,413$1,077$810$603$444$236
26 years$1,344$1,012$752$551$400$206
27 years$1,280$953$698$505$361$180
28 years$1,221$898$649$462$326$157
29 years$1,167$847$604$424$294$138
30 years$1,115$800$562$389$266$120
31 years$1,068$756$524$357$240$105
32 years$1,023$715$489$328$217$92
33 years$981$677$457$302$197$81
34 years$942$642$427$278$178$71
35 years$905$609$399$256$161$62
36 years$870$578$373$236$146$54
37 years$837$549$349$217$132$48
38 years$806$522$327$200$120$42
39 years$777$496$306$184$109$37
40 years$749$472$287$170$99$32
41 years$723$449$269$157$90$28
42 years$698$428$253$145$81$25
43 years$674$408$237$134$74$22
44 years$651$389$223$123$67$19
45 years$629$371$209$114$61$17
46 years$609$354$196$105$55$15
47 years$589$337$184$97$50$13
48 years$570$322$173$90$46$11
49 years$552$308$163$83$41$10
50 years$535$294$153$77$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $548,000, adding $3,317 every year, while hoping to spend $41,098 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: 57/35/8 Blend
49$548,000$548,000$548,000$548,000
50$607,317$578,273$569,779$640,636
51$625,536$562,881$545,139$648,067
52$644,235$545,357$518,296$651,267
53$663,421$525,553$489,133$653,747
54$683,098$503,313$457,527$655,443
55$703,271$478,472$423,350$656,286
56$723,941$450,854$386,470$656,202
57$745,112$420,275$346,745$655,114
58$766,783$386,538$304,031$652,938
59$788,953$349,436$258,174$649,584
60$811,619$308,751$209,015$644,957
61$834,776$264,252$156,389$638,956
62$858,416$215,694$100,122$631,471
63$882,531$162,819$40,032$622,389
64$907,107$105,355$0$611,584
65$932,128$43,013$0$600,981
66$957,575$0$0$592,164
67$983,424$0$0$591,019
68$1,009,647$0$0$606,650
69$1,036,211$0$0$622,468
70$1,063,078$0$0$638,449
71$1,090,202$0$0$654,563
72$1,117,531$0$0$670,778
73$1,145,006$0$0$687,053
74$1,172,559$0$0$703,347
75$1,200,110$0$0$719,608
76$1,227,572$0$0$735,780
77$1,254,845$0$0$751,798
78$1,281,814$0$0$767,592
79$1,308,352$0$0$783,078
80$1,334,314$0$0$798,165
81$1,359,539$0$0$812,751
82$1,383,844$0$0$826,719
83$1,407,025$0$0$839,940
84$1,428,855$0$0$852,270
85$1,449,078$0$0$863,548
86$1,467,410$0$0$873,593
87$1,483,533$0$0$882,204
88$1,497,094$0$0$889,158
89$1,507,699$0$0$894,205
90$1,514,910$0$0$897,070
91$1,518,239$0$0$897,444
92$1,517,145$0$0$894,986
93$1,511,026$0$0$889,316
94$1,499,217$0$0$880,014
95$1,480,976$0$0$866,612
96$1,455,482$0$0$848,594
97$1,421,827$0$0$825,386
98$1,379,003$0$0$796,353
99$1,325,893$0$0$760,792
100$1,261,263$0$0$717,925