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%13.9%
1 years$45,418$45,014$44,619$44,234$43,858$43,149
2 years$22,484$22,066$21,660$21,266$20,885$20,172
3 years$14,841$14,420$14,015$13,626$13,250$12,557
4 years$11,020$10,600$10,200$9,816$9,450$8,781
5 years$8,728$8,311$7,915$7,540$7,184$6,541
6 years$7,200$6,786$6,397$6,030$5,684$5,068
7 years$6,109$5,699$5,316$4,957$4,623$4,034
8 years$5,292$4,885$4,508$4,159$3,835$3,273
9 years$4,656$4,254$3,883$3,542$3,230$2,694
10 years$4,148$3,749$3,385$3,053$2,752$2,242
11 years$3,732$3,338$2,980$2,657$2,367$1,883
12 years$3,386$2,996$2,645$2,331$2,051$1,592
13 years$3,094$2,707$2,363$2,058$1,788$1,354
14 years$2,843$2,461$2,123$1,827$1,568$1,157
15 years$2,626$2,248$1,917$1,629$1,380$992
16 years$2,437$2,063$1,738$1,459$1,220$854
17 years$2,270$1,900$1,582$1,311$1,082$737
18 years$2,121$1,755$1,444$1,181$962$637
19 years$1,989$1,627$1,322$1,067$857$552
20 years$1,869$1,512$1,213$967$766$480
21 years$1,762$1,408$1,116$877$685$417
22 years$1,664$1,314$1,028$798$614$363
23 years$1,575$1,229$949$726$551$316
24 years$1,493$1,152$878$663$496$276
25 years$1,418$1,081$813$605$446$241
26 years$1,349$1,016$754$553$402$211
27 years$1,285$956$700$506$362$184
28 years$1,226$901$651$464$327$161
29 years$1,171$850$606$425$295$141
30 years$1,120$803$564$390$267$123
31 years$1,072$759$526$359$241$108
32 years$1,027$718$491$330$218$95
33 years$985$680$458$303$197$83
34 years$946$644$428$279$179$73
35 years$908$611$400$257$162$64
36 years$874$580$375$236$147$56
37 years$841$551$351$218$133$49
38 years$809$524$328$201$120$43
39 years$780$498$308$185$109$38
40 years$752$474$288$171$99$33
41 years$725$451$270$158$90$29
42 years$700$429$254$145$82$25
43 years$676$409$238$134$74$22
44 years$653$390$223$124$67$20
45 years$632$372$210$114$61$17
46 years$611$355$197$106$55$15
47 years$591$339$185$98$50$13
48 years$572$323$174$90$46$12
49 years$554$309$163$83$41$10
50 years$537$295$154$77$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $6,347 every year, while hoping to spend $42,118 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: 66/28/6 Blend
49$550,000$550,000$550,000$550,000
50$612,647$583,497$574,972$652,085
51$630,324$567,275$549,420$662,858
52$648,392$548,847$521,601$668,979
53$666,847$528,059$491,394$674,544
54$685,682$504,751$458,673$679,493
55$704,890$478,752$423,306$683,762
56$724,458$449,881$385,156$687,282
57$744,375$417,946$344,081$689,977
58$764,622$382,747$299,928$691,768
59$785,181$344,068$252,543$692,567
60$806,027$301,686$201,761$692,282
61$827,134$255,360$147,412$690,811
62$848,468$204,840$89,318$688,047
63$869,994$149,859$27,291$683,872
64$891,666$90,135$0$678,161
65$913,437$25,373$0$673,269
66$935,249$0$0$668,585
67$957,039$0$0$676,003
68$978,732$0$0$691,148
69$1,000,246$0$0$706,144
70$1,021,488$0$0$720,921
71$1,042,352$0$0$735,402
72$1,062,719$0$0$749,499
73$1,082,456$0$0$763,116
74$1,101,414$0$0$776,143
75$1,119,424$0$0$788,456
76$1,136,300$0$0$799,920
77$1,151,832$0$0$810,381
78$1,165,786$0$0$819,668
79$1,177,903$0$0$827,592
80$1,187,892$0$0$833,940
81$1,195,429$0$0$838,476
82$1,200,156$0$0$840,938
83$1,201,673$0$0$841,034
84$1,199,537$0$0$838,442
85$1,193,255$0$0$832,802
86$1,182,279$0$0$823,714
87$1,166,005$0$0$810,738
88$1,143,759$0$0$793,382
89$1,114,797$0$0$771,105
90$1,078,294$0$0$743,305
91$1,033,336$0$0$709,315
92$978,911$0$0$668,400
93$913,900$0$0$619,744
94$837,066$0$0$562,445
95$747,037$0$0$495,504
96$642,300$0$0$417,820
97$521,181$0$0$328,174
98$381,828$0$0$225,217
99$222,197$0$0$107,461
100$40,029$0$0$0