Can I retire at age 50 with 553,000?

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 $553,000?

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$45,666$45,259$44,863$44,475$44,097$43,171
2 years$22,607$22,186$21,778$21,382$20,999$20,070
3 years$14,922$14,499$14,092$13,700$13,322$12,421
4 years$11,080$10,658$10,255$9,870$9,502$8,633
5 years$8,775$8,356$7,958$7,581$7,223$6,390
6 years$7,239$6,823$6,432$6,063$5,715$4,919
7 years$6,143$5,730$5,345$4,984$4,648$3,889
8 years$5,321$4,912$4,533$4,181$3,856$3,134
9 years$4,681$4,277$3,904$3,562$3,247$2,561
10 years$4,171$3,770$3,404$3,070$2,767$2,116
11 years$3,753$3,356$2,997$2,672$2,380$1,763
12 years$3,405$3,012$2,659$2,344$2,062$1,479
13 years$3,111$2,722$2,376$2,069$1,798$1,248
14 years$2,859$2,474$2,135$1,837$1,576$1,058
15 years$2,641$2,260$1,927$1,638$1,388$900
16 years$2,450$2,074$1,747$1,467$1,227$768
17 years$2,282$1,910$1,590$1,318$1,088$657
18 years$2,133$1,765$1,452$1,188$967$563
19 years$1,999$1,636$1,329$1,073$862$484
20 years$1,879$1,520$1,220$972$770$416
21 years$1,771$1,416$1,122$882$689$359
22 years$1,673$1,322$1,034$802$618$309
23 years$1,583$1,236$955$730$554$267
24 years$1,501$1,158$883$666$498$231
25 years$1,426$1,087$818$608$448$200
26 years$1,356$1,021$758$556$404$173
27 years$1,292$961$704$509$364$150
28 years$1,233$906$655$466$329$130
29 years$1,177$854$609$428$297$112
30 years$1,126$807$567$393$268$97
31 years$1,078$763$529$361$242$84
32 years$1,033$722$494$331$219$73
33 years$990$684$461$305$198$64
34 years$951$648$431$280$180$55
35 years$913$615$403$258$163$48
36 years$878$583$377$238$147$42
37 years$845$554$353$219$134$36
38 years$814$526$330$202$121$31
39 years$784$501$309$186$110$27
40 years$756$476$290$172$100$24
41 years$729$453$272$158$90$20
42 years$704$432$255$146$82$18
43 years$680$411$239$135$74$15
44 years$657$392$225$125$68$13
45 years$635$374$211$115$61$12
46 years$614$357$198$106$56$10
47 years$594$340$186$98$51$9
48 years$575$325$175$91$46$8
49 years$557$310$164$84$42$7
50 years$540$296$155$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $553,000, adding $6,393 every year, while hoping to spend $43,273 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: 41/29/30 Blend
49$553,000$553,000$553,000$553,000
50$616,000$586,691$578,120$635,609
51$632,790$569,397$551,445$633,142
52$649,842$549,805$522,426$625,984
53$667,138$527,757$490,938$617,428
54$684,654$503,086$456,853$607,371
55$702,366$475,613$420,035$595,705
56$720,242$445,153$380,340$582,317
57$738,248$411,507$337,623$567,084
58$756,343$374,465$291,728$549,877
59$774,482$333,806$242,493$530,558
60$792,613$289,296$189,750$508,979
61$810,676$240,688$133,322$484,984
62$828,603$187,720$73,027$458,407
63$846,319$130,116$8,672$429,070
64$863,738$67,586$0$396,782
65$880,763$0$0$380,552
66$897,285$0$0$365,222
67$913,184$0$0$371,139
68$928,322$0$0$376,673
69$942,547$0$0$381,753
70$955,688$0$0$386,301
71$967,555$0$0$390,229
72$977,935$0$0$393,441
73$986,593$0$0$395,828
74$993,265$0$0$397,269
75$997,657$0$0$397,631
76$999,444$0$0$396,765
77$998,264$0$0$394,506
78$993,716$0$0$390,670
79$985,353$0$0$385,055
80$972,681$0$0$377,434
81$955,151$0$0$367,560
82$932,155$0$0$355,154
83$903,021$0$0$339,911
84$867,002$0$0$321,492
85$823,273$0$0$299,522
86$770,921$0$0$273,586
87$708,935$0$0$243,226
88$636,197$0$0$207,933
89$551,470$0$0$167,147
90$453,388$0$0$120,248
91$340,440$0$0$66,551
92$210,957$0$0$5,299
93$63,094$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0