Can I retire at age 50 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$45,418$45,014$44,619$44,234$43,858$43,472
2 years$22,484$22,066$21,660$21,266$20,885$20,496
3 years$14,841$14,420$14,015$13,626$13,250$12,871
4 years$11,020$10,600$10,200$9,816$9,450$9,083
5 years$8,728$8,311$7,915$7,540$7,184$6,829
6 years$7,200$6,786$6,397$6,030$5,684$5,343
7 years$6,109$5,699$5,316$4,957$4,623$4,296
8 years$5,292$4,885$4,508$4,159$3,835$3,522
9 years$4,656$4,254$3,883$3,542$3,230$2,930
10 years$4,148$3,749$3,385$3,053$2,752$2,465
11 years$3,732$3,338$2,980$2,657$2,367$2,093
12 years$3,386$2,996$2,645$2,331$2,051$1,790
13 years$3,094$2,707$2,363$2,058$1,788$1,541
14 years$2,843$2,461$2,123$1,827$1,568$1,332
15 years$2,626$2,248$1,917$1,629$1,380$1,157
16 years$2,437$2,063$1,738$1,459$1,220$1,008
17 years$2,270$1,900$1,582$1,311$1,082$881
18 years$2,121$1,755$1,444$1,181$962$772
19 years$1,989$1,627$1,322$1,067$857$678
20 years$1,869$1,512$1,213$967$766$596
21 years$1,762$1,408$1,116$877$685$526
22 years$1,664$1,314$1,028$798$614$464
23 years$1,575$1,229$949$726$551$410
24 years$1,493$1,152$878$663$496$363
25 years$1,418$1,081$813$605$446$321
26 years$1,349$1,016$754$553$402$285
27 years$1,285$956$700$506$362$252
28 years$1,226$901$651$464$327$224
29 years$1,171$850$606$425$295$199
30 years$1,120$803$564$390$267$177
31 years$1,072$759$526$359$241$157
32 years$1,027$718$491$330$218$140
33 years$985$680$458$303$197$124
34 years$946$644$428$279$179$111
35 years$908$611$400$257$162$98
36 years$874$580$375$236$147$88
37 years$841$551$351$218$133$78
38 years$809$524$328$201$120$69
39 years$780$498$308$185$109$62
40 years$752$474$288$171$99$55
41 years$725$451$270$158$90$49
42 years$700$429$254$145$82$44
43 years$676$409$238$134$74$39
44 years$653$390$223$124$67$35
45 years$632$372$210$114$61$31
46 years$611$355$197$106$55$28
47 years$591$339$185$98$50$25
48 years$572$323$174$90$46$22
49 years$554$309$163$83$41$20
50 years$537$295$154$77$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $5,779 every year, while hoping to spend $33,677 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: 60/14/26 Blend
49$550,000$550,000$550,000$550,000
50$612,061$582,911$574,386$644,187
51$638,659$575,642$557,796$659,456
52$666,842$566,887$539,521$671,981
53$696,734$556,540$519,470$684,928
54$728,475$544,484$497,546$698,346
55$762,215$530,599$473,650$712,289
56$798,119$514,756$447,674$726,820
57$836,366$496,818$419,511$742,008
58$877,155$476,642$389,044$757,933
59$920,703$454,075$356,155$774,682
60$967,245$428,956$320,717$792,355
61$1,017,043$401,114$282,600$811,065
62$1,070,381$370,368$241,666$830,936
63$1,127,572$336,528$197,774$852,108
64$1,188,959$299,392$150,774$874,740
65$1,254,918$258,748$100,510$899,006
66$1,325,862$214,369$46,820$925,104
67$1,402,246$166,019$0$953,252
68$1,484,566$113,445$0$986,603
69$1,573,371$56,383$0$1,036,574
70$1,669,262$0$0$1,090,518
71$1,772,899$0$0$1,149,667
72$1,885,008$0$0$1,223,082
73$2,006,387$0$0$1,302,605
74$2,137,913$0$0$1,388,814
75$2,280,552$0$0$1,482,346
76$2,435,365$0$0$1,583,903
77$2,603,517$0$0$1,694,255
78$2,786,293$0$0$1,814,250
79$2,985,104$0$0$1,944,820
80$3,201,504$0$0$2,086,993
81$3,437,202$0$0$2,241,897
82$3,694,080$0$0$2,410,774
83$3,974,207$0$0$2,594,994
84$4,279,862$0$0$2,796,062
85$4,613,553$0$0$3,015,634
86$4,978,040$0$0$3,255,535
87$5,376,364$0$0$3,517,774
88$5,811,868$0$0$3,804,562
89$6,288,239$0$0$4,118,334
90$6,809,531$0$0$4,461,769
91$7,380,212$0$0$4,837,822
92$8,005,200$0$0$5,249,741
93$8,689,911$0$0$5,701,108
94$9,440,310$0$0$6,195,865
95$10,262,966$0$0$6,738,355
96$11,165,116$0$0$7,333,359
97$12,154,728$0$0$7,986,147
98$13,240,579$0$0$8,702,519
99$14,432,338$0$0$9,488,867
100$15,740,655$0$0$10,352,232