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%17.9%
1 years$45,253$44,850$44,457$44,073$43,698$42,299
2 years$22,403$21,985$21,581$21,189$20,809$19,412
3 years$14,787$14,368$13,964$13,576$13,202$11,852
4 years$10,980$10,562$10,162$9,781$9,416$8,122
5 years$8,696$8,281$7,887$7,513$7,158$5,924
6 years$7,174$6,762$6,373$6,008$5,664$4,491
7 years$6,087$5,678$5,296$4,939$4,606$3,495
8 years$5,272$4,867$4,492$4,144$3,821$2,770
9 years$4,639$4,238$3,869$3,529$3,218$2,226
10 years$4,133$3,736$3,373$3,042$2,742$1,807
11 years$3,719$3,326$2,969$2,648$2,358$1,479
12 years$3,374$2,985$2,635$2,322$2,043$1,219
13 years$3,083$2,697$2,354$2,050$1,782$1,009
14 years$2,833$2,452$2,115$1,820$1,562$839
15 years$2,617$2,240$1,910$1,623$1,375$700
16 years$2,428$2,055$1,732$1,453$1,216$585
17 years$2,261$1,893$1,576$1,306$1,078$491
18 years$2,113$1,749$1,438$1,177$958$412
19 years$1,981$1,621$1,317$1,063$854$347
20 years$1,862$1,506$1,209$963$763$292
21 years$1,755$1,403$1,112$874$683$246
22 years$1,658$1,310$1,025$795$612$208
23 years$1,569$1,225$946$724$549$176
24 years$1,488$1,148$875$660$494$148
25 years$1,413$1,077$810$603$444$125
26 years$1,344$1,012$752$551$400$106
27 years$1,280$953$698$505$361$90
28 years$1,221$898$649$462$326$76
29 years$1,167$847$604$424$294$64
30 years$1,115$800$562$389$266$55
31 years$1,068$756$524$357$240$46
32 years$1,023$715$489$328$217$39
33 years$981$677$457$302$197$33
34 years$942$642$427$278$178$28
35 years$905$609$399$256$161$24
36 years$870$578$373$236$146$20
37 years$837$549$349$217$132$17
38 years$806$522$327$200$120$15
39 years$777$496$306$184$109$12
40 years$749$472$287$170$99$10
41 years$723$449$269$157$90$9
42 years$698$428$253$145$81$8
43 years$674$408$237$134$74$6
44 years$651$389$223$123$67$5
45 years$629$371$209$114$61$5
46 years$609$354$196$105$55$4
47 years$589$337$184$97$50$3
48 years$570$322$173$90$46$3
49 years$552$308$163$83$41$2
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $548,000, adding $4,789 every year, while hoping to spend $28,176 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: 49/38/13 Blend
49$548,000$548,000$548,000$548,000
50$608,836$579,792$571,298$636,272
51$640,958$578,223$560,457$654,083
52$675,412$575,632$548,309$670,092
53$712,407$571,941$534,780$686,850
54$752,170$567,063$519,793$704,437
55$794,953$560,911$503,267$722,942
56$841,030$553,388$485,119$742,463
57$890,705$544,393$465,260$763,113
58$944,309$533,821$443,598$785,017
59$1,002,207$521,557$420,038$808,312
60$1,064,801$507,481$394,477$833,155
61$1,132,531$491,468$366,812$859,718
62$1,205,881$473,382$336,933$888,196
63$1,285,385$453,082$304,724$918,804
64$1,371,628$430,417$270,067$951,783
65$1,465,255$405,228$232,834$987,399
66$1,566,974$377,347$192,897$1,025,952
67$1,677,564$346,596$150,119$1,067,773
68$1,797,884$312,788$104,356$1,113,231
69$1,928,876$275,722$55,460$1,162,737
70$2,071,580$235,191$3,275$1,216,746
71$2,227,136$190,970$0$1,275,766
72$2,396,804$142,827$0$1,347,629
73$2,581,966$90,514$0$1,426,649
74$2,784,146$33,769$0$1,513,088
75$3,005,022$0$0$1,607,742
76$3,246,439$0$0$1,723,067
77$3,510,430$0$0$1,864,674
78$3,799,233$0$0$2,019,649
79$4,115,312$0$0$2,189,321
80$4,461,381$0$0$2,375,157
81$4,840,428$0$0$2,578,766
82$5,255,743$0$0$2,801,927
83$5,710,950$0$0$3,046,593
84$6,210,041$0$0$3,314,920
85$6,757,411$0$0$3,609,280
86$7,357,902$0$0$3,932,286
87$8,016,847$0$0$4,286,817
88$8,740,121$0$0$4,676,044
89$9,534,193$0$0$5,103,458
90$10,406,192$0$0$5,572,909
91$11,363,969$0$0$6,088,633
92$12,416,175$0$0$6,655,301
93$13,572,337$0$0$7,278,056
94$14,842,954$0$0$7,962,566
95$16,239,590$0$0$8,715,073
96$17,774,987$0$0$9,542,456
97$19,463,182$0$0$10,452,294
98$21,319,640$0$0$11,452,935
99$23,361,399$0$0$12,553,578
100$25,607,234$0$0$13,764,358