Can I retire at age 50 with 550,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$45,418$45,014$44,619$44,234$43,858$42,151
2 years$22,484$22,066$21,660$21,266$20,885$19,186
3 years$14,841$14,420$14,015$13,626$13,250$11,612
4 years$11,020$10,600$10,200$9,816$9,450$7,886
5 years$8,728$8,311$7,915$7,540$7,184$5,698
6 years$7,200$6,786$6,397$6,030$5,684$4,277
7 years$6,109$5,699$5,316$4,957$4,623$3,294
8 years$5,292$4,885$4,508$4,159$3,835$2,583
9 years$4,656$4,254$3,883$3,542$3,230$2,053
10 years$4,148$3,749$3,385$3,053$2,752$1,648
11 years$3,732$3,338$2,980$2,657$2,367$1,333
12 years$3,386$2,996$2,645$2,331$2,051$1,085
13 years$3,094$2,707$2,363$2,058$1,788$887
14 years$2,843$2,461$2,123$1,827$1,568$729
15 years$2,626$2,248$1,917$1,629$1,380$600
16 years$2,437$2,063$1,738$1,459$1,220$495
17 years$2,270$1,900$1,582$1,311$1,082$410
18 years$2,121$1,755$1,444$1,181$962$340
19 years$1,989$1,627$1,322$1,067$857$282
20 years$1,869$1,512$1,213$967$766$234
21 years$1,762$1,408$1,116$877$685$195
22 years$1,664$1,314$1,028$798$614$162
23 years$1,575$1,229$949$726$551$135
24 years$1,493$1,152$878$663$496$112
25 years$1,418$1,081$813$605$446$94
26 years$1,349$1,016$754$553$402$78
27 years$1,285$956$700$506$362$65
28 years$1,226$901$651$464$327$54
29 years$1,171$850$606$425$295$45
30 years$1,120$803$564$390$267$38
31 years$1,072$759$526$359$241$32
32 years$1,027$718$491$330$218$26
33 years$985$680$458$303$197$22
34 years$946$644$428$279$179$18
35 years$908$611$400$257$162$15
36 years$874$580$375$236$147$13
37 years$841$551$351$218$133$11
38 years$809$524$328$201$120$9
39 years$780$498$308$185$109$7
40 years$752$474$288$171$99$6
41 years$725$451$270$158$90$5
42 years$700$429$254$145$82$4
43 years$676$409$238$134$74$4
44 years$653$390$223$124$67$3
45 years$632$372$210$114$61$3
46 years$611$355$197$106$55$2
47 years$591$339$185$98$50$2
48 years$572$323$174$90$46$1
49 years$554$309$163$83$41$1
50 years$537$295$154$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $4,246 every year, while hoping to spend $20,471 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: 42/44/14 Blend
49$550,000$550,000$550,000$550,000
50$610,480$581,330$572,805$633,450
51$650,968$588,034$570,213$656,716
52$694,899$594,380$566,848$679,539
53$742,604$600,330$562,662$703,808
54$794,445$605,842$557,607$729,665
55$850,821$610,870$551,629$757,266
56$912,170$615,368$544,674$786,784
57$978,975$619,286$536,685$818,412
58$1,051,769$622,568$527,601$852,362
59$1,131,135$625,160$517,362$888,869
60$1,217,716$626,999$505,899$928,193
61$1,312,223$628,021$493,146$970,624
62$1,415,433$628,157$479,030$1,016,479
63$1,528,205$627,335$463,476$1,066,111
64$1,651,485$625,478$446,405$1,119,912
65$1,786,313$622,502$427,736$1,178,312
66$1,933,834$618,322$407,382$1,241,789
67$2,095,310$612,844$385,254$1,310,872
68$2,272,129$605,971$361,258$1,386,144
69$2,465,821$597,599$335,295$1,468,252
70$2,678,071$587,618$307,263$1,557,910
71$2,910,734$575,910$277,056$1,655,907
72$3,165,852$562,353$244,561$1,763,115
73$3,445,677$546,816$209,662$1,880,499
74$3,752,686$529,160$172,235$2,009,124
75$4,089,610$509,239$132,155$2,150,169
76$4,459,456$486,898$89,288$2,304,934
77$4,865,536$461,972$43,495$2,474,856
78$5,311,500$434,288$0$2,661,525
79$5,801,368$403,662$0$2,867,495
80$6,339,566$369,901$0$3,100,888
81$6,930,975$332,798$0$3,357,363
82$7,580,967$292,138$0$3,639,307
83$8,295,464$247,692$0$3,949,355
84$9,080,989$199,216$0$4,290,413
85$9,944,728$146,456$0$4,665,689
86$10,894,599$89,141$0$5,078,725
87$11,939,325$26,986$0$5,533,424
88$13,088,518$0$0$6,034,097
89$14,352,768$0$0$6,605,015
90$15,743,741$0$0$7,247,615
91$17,274,293$0$0$7,954,781
92$18,958,590$0$0$8,733,066
93$20,812,238$0$0$9,589,695
94$22,852,434$0$0$10,532,623
95$25,098,126$0$0$11,570,621
96$27,570,194$0$0$12,713,350
97$30,291,642$0$0$13,971,457
98$33,287,821$0$0$15,356,674
99$36,586,662$0$0$16,881,926
100$40,218,945$0$0$18,561,459