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%15.1%
1 years$45,418$45,014$44,619$44,234$43,858$42,937
2 years$22,484$22,066$21,660$21,266$20,885$19,961
3 years$14,841$14,420$14,015$13,626$13,250$12,353
4 years$11,020$10,600$10,200$9,816$9,450$8,586
5 years$8,728$8,311$7,915$7,540$7,184$6,356
6 years$7,200$6,786$6,397$6,030$5,684$4,893
7 years$6,109$5,699$5,316$4,957$4,623$3,868
8 years$5,292$4,885$4,508$4,159$3,835$3,117
9 years$4,656$4,254$3,883$3,542$3,230$2,547
10 years$4,148$3,749$3,385$3,053$2,752$2,104
11 years$3,732$3,338$2,980$2,657$2,367$1,754
12 years$3,386$2,996$2,645$2,331$2,051$1,471
13 years$3,094$2,707$2,363$2,058$1,788$1,241
14 years$2,843$2,461$2,123$1,827$1,568$1,052
15 years$2,626$2,248$1,917$1,629$1,380$895
16 years$2,437$2,063$1,738$1,459$1,220$764
17 years$2,270$1,900$1,582$1,311$1,082$653
18 years$2,121$1,755$1,444$1,181$962$560
19 years$1,989$1,627$1,322$1,067$857$481
20 years$1,869$1,512$1,213$967$766$414
21 years$1,762$1,408$1,116$877$685$357
22 years$1,664$1,314$1,028$798$614$308
23 years$1,575$1,229$949$726$551$266
24 years$1,493$1,152$878$663$496$230
25 years$1,418$1,081$813$605$446$199
26 years$1,349$1,016$754$553$402$172
27 years$1,285$956$700$506$362$149
28 years$1,226$901$651$464$327$129
29 years$1,171$850$606$425$295$112
30 years$1,120$803$564$390$267$97
31 years$1,072$759$526$359$241$84
32 years$1,027$718$491$330$218$73
33 years$985$680$458$303$197$63
34 years$946$644$428$279$179$55
35 years$908$611$400$257$162$48
36 years$874$580$375$236$147$41
37 years$841$551$351$218$133$36
38 years$809$524$328$201$120$31
39 years$780$498$308$185$109$27
40 years$752$474$288$171$99$23
41 years$725$451$270$158$90$20
42 years$700$429$254$145$82$18
43 years$676$409$238$134$74$15
44 years$653$390$223$124$67$13
45 years$632$372$210$114$61$12
46 years$611$355$197$106$55$10
47 years$591$339$185$98$50$9
48 years$572$323$174$90$46$8
49 years$554$309$163$83$41$7
50 years$537$295$154$77$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $3,499 every year, while hoping to spend $23,721 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: 37/36/27 Blend
49$550,000$550,000$550,000$550,000
50$609,709$580,559$572,034$627,236
51$646,661$583,768$565,958$643,677
52$686,586$586,338$558,884$659,004
53$729,764$588,215$550,753$675,102
54$776,500$589,337$541,503$692,056
55$827,130$589,642$531,071$709,960
56$882,025$589,062$519,389$728,922
57$941,590$587,525$506,388$749,061
58$1,006,274$584,956$491,993$770,509
59$1,076,568$581,272$476,128$793,416
60$1,153,012$576,389$458,713$817,948
61$1,236,203$570,216$439,664$844,289
62$1,326,796$562,656$418,892$872,646
63$1,425,510$553,608$396,307$903,249
64$1,533,140$542,962$371,811$936,352
65$1,650,558$530,606$345,305$972,242
66$1,778,726$516,416$316,683$1,011,235
67$1,918,701$500,265$285,837$1,053,683
68$2,071,647$482,017$252,651$1,099,978
69$2,238,847$461,528$217,007$1,150,555
70$2,421,712$438,645$178,779$1,205,898
71$2,621,797$413,208$137,838$1,266,542
72$2,840,811$385,047$94,046$1,333,083
73$3,080,640$353,980$47,263$1,406,183
74$3,343,358$319,818$0$1,486,573
75$3,631,252$282,360$0$1,575,835
76$3,946,837$241,393$0$1,688,681
77$4,292,885$196,693$0$1,812,528
78$4,672,450$148,021$0$1,948,529
79$5,088,893$95,127$0$2,097,960
80$5,545,919$37,748$0$2,262,233
81$6,047,607$0$0$2,442,903
82$6,598,452$0$0$2,651,357
83$7,203,404$0$0$2,896,789
84$7,867,916$0$0$3,166,466
85$8,597,995$0$0$3,462,839
86$9,400,261$0$0$3,788,603
87$10,282,003$0$0$4,146,730
88$11,251,256$0$0$4,540,495
89$12,316,867$0$0$4,973,504
90$13,488,587$0$0$5,449,731
91$14,777,158$0$0$5,973,555
92$16,194,414$0$0$6,549,799
93$17,753,395$0$0$7,183,778
94$19,468,467$0$0$7,881,349
95$21,355,459$0$0$8,648,965
96$23,431,813$0$0$9,493,735
97$25,716,745$0$0$10,423,492
98$28,231,429$0$0$11,446,868
99$30,999,196$0$0$12,573,374
100$34,045,752$0$0$13,813,490