Can I retire at age 50 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$45,749$45,341$44,944$44,556$44,177$43,074
2 years$22,648$22,226$21,817$21,421$21,037$19,932
3 years$14,949$14,525$14,117$13,725$13,346$12,276
4 years$11,100$10,677$10,274$9,888$9,519$8,489
5 years$8,791$8,371$7,973$7,595$7,236$6,251
6 years$7,252$6,836$6,443$6,074$5,726$4,786
7 years$6,154$5,741$5,354$4,993$4,656$3,762
8 years$5,330$4,921$4,541$4,189$3,863$3,014
9 years$4,690$4,284$3,911$3,568$3,253$2,448
10 years$4,178$3,777$3,410$3,076$2,772$2,010
11 years$3,760$3,362$3,002$2,677$2,384$1,665
12 years$3,411$3,018$2,664$2,348$2,066$1,388
13 years$3,116$2,727$2,380$2,073$1,801$1,163
14 years$2,864$2,479$2,139$1,840$1,579$979
15 years$2,645$2,264$1,931$1,641$1,390$827
16 years$2,454$2,078$1,751$1,469$1,229$701
17 years$2,286$1,913$1,593$1,320$1,090$595
18 years$2,137$1,768$1,454$1,190$969$507
19 years$2,003$1,639$1,331$1,075$864$432
20 years$1,883$1,523$1,222$974$771$369
21 years$1,774$1,418$1,124$884$690$315
22 years$1,676$1,324$1,036$803$619$270
23 years$1,586$1,238$956$732$555$231
24 years$1,504$1,160$884$667$499$198
25 years$1,428$1,089$819$609$449$170
26 years$1,359$1,023$760$557$405$146
27 years$1,294$963$705$510$365$125
28 years$1,235$907$656$467$329$108
29 years$1,179$856$610$429$297$93
30 years$1,128$808$568$393$269$80
31 years$1,080$764$530$361$243$68
32 years$1,034$723$494$332$220$59
33 years$992$685$462$305$199$51
34 years$952$649$431$281$180$44
35 years$915$616$403$259$163$38
36 years$880$584$377$238$148$32
37 years$847$555$353$219$134$28
38 years$815$527$331$202$121$24
39 years$786$502$310$186$110$21
40 years$757$477$290$172$100$18
41 years$731$454$272$159$91$15
42 years$705$433$255$146$82$13
43 years$681$412$240$135$75$11
44 years$658$393$225$125$68$10
45 years$636$375$211$115$61$8
46 years$615$357$198$106$56$7
47 years$596$341$186$98$51$6
48 years$577$326$175$91$46$5
49 years$558$311$165$84$42$5
50 years$541$297$155$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $554,000, adding $6,188 every year, while hoping to spend $36,477 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: 69/14/17 Blend
49$554,000$554,000$554,000$554,000
50$616,891$587,529$578,942$656,544
51$641,003$577,507$559,525$673,743
52$666,351$565,771$538,236$687,655
53$693,024$552,199$514,972$701,960
54$721,117$536,661$489,627$716,694
55$750,733$519,020$462,093$731,897
56$781,987$499,130$432,251$747,612
57$815,000$476,838$399,983$763,890
58$849,908$451,982$365,160$780,788
59$886,859$424,388$327,653$798,367
60$926,011$393,876$287,321$816,701
61$967,540$360,252$244,023$835,868
62$1,011,638$323,314$197,607$855,957
63$1,058,515$282,846$147,916$877,071
64$1,108,399$238,621$94,788$899,320
65$1,161,542$190,400$38,049$922,830
66$1,218,219$137,928$0$947,742
67$1,278,729$80,939$0$978,293
68$1,343,404$19,149$0$1,018,210
69$1,412,604$0$0$1,060,813
70$1,486,725$0$0$1,113,712
71$1,566,204$0$0$1,173,617
72$1,651,516$0$0$1,237,942
73$1,743,185$0$0$1,307,083
74$1,841,785$0$0$1,381,478
75$1,947,948$0$0$1,461,604
76$2,062,365$0$0$1,547,988
77$2,185,799$0$0$1,641,208
78$2,319,085$0$0$1,741,900
79$2,463,141$0$0$1,850,761
80$2,618,978$0$0$1,968,558
81$2,787,704$0$0$2,096,134
82$2,970,542$0$0$2,234,417
83$3,168,830$0$0$2,384,426
84$3,384,046$0$0$2,547,281
85$3,617,812$0$0$2,724,217
86$3,871,913$0$0$2,916,589
87$4,148,313$0$0$3,125,890
88$4,449,171$0$0$3,353,762
89$4,776,865$0$0$3,602,011
90$5,134,011$0$0$3,872,626
91$5,523,488$0$0$4,167,795
92$5,948,465$0$0$4,489,925
93$6,412,429$0$0$4,841,670
94$6,919,219$0$0$5,225,946
95$7,473,064$0$0$5,645,966
96$8,078,615$0$0$6,105,268
97$8,740,996$0$0$6,607,747
98$9,465,848$0$0$7,157,690
99$10,259,384$0$0$7,759,820
100$11,128,442$0$0$8,419,337