Can I retire at age 50 with 554,000?

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 $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%19.3%
1 years$45,749$45,341$44,944$44,556$44,177$42,525
2 years$22,648$22,226$21,817$21,421$21,037$19,391
3 years$14,949$14,525$14,117$13,725$13,346$11,759
4 years$11,100$10,677$10,274$9,888$9,519$8,002
5 years$8,791$8,371$7,973$7,595$7,236$5,794
6 years$7,252$6,836$6,443$6,074$5,726$4,359
7 years$6,154$5,741$5,354$4,993$4,656$3,364
8 years$5,330$4,921$4,541$4,189$3,863$2,645
9 years$4,690$4,284$3,911$3,568$3,253$2,107
10 years$4,178$3,777$3,410$3,076$2,772$1,696
11 years$3,760$3,362$3,002$2,677$2,384$1,375
12 years$3,411$3,018$2,664$2,348$2,066$1,122
13 years$3,116$2,727$2,380$2,073$1,801$921
14 years$2,864$2,479$2,139$1,840$1,579$758
15 years$2,645$2,264$1,931$1,641$1,390$626
16 years$2,454$2,078$1,751$1,469$1,229$518
17 years$2,286$1,913$1,593$1,320$1,090$430
18 years$2,137$1,768$1,454$1,190$969$357
19 years$2,003$1,639$1,331$1,075$864$298
20 years$1,883$1,523$1,222$974$771$248
21 years$1,774$1,418$1,124$884$690$207
22 years$1,676$1,324$1,036$803$619$173
23 years$1,586$1,238$956$732$555$144
24 years$1,504$1,160$884$667$499$121
25 years$1,428$1,089$819$609$449$101
26 years$1,359$1,023$760$557$405$84
27 years$1,294$963$705$510$365$71
28 years$1,235$907$656$467$329$59
29 years$1,179$856$610$429$297$49
30 years$1,128$808$568$393$269$41
31 years$1,080$764$530$361$243$35
32 years$1,034$723$494$332$220$29
33 years$992$685$462$305$199$24
34 years$952$649$431$281$180$20
35 years$915$616$403$259$163$17
36 years$880$584$377$238$148$14
37 years$847$555$353$219$134$12
38 years$815$527$331$202$121$10
39 years$786$502$310$186$110$8
40 years$757$477$290$172$100$7
41 years$731$454$272$159$91$6
42 years$705$433$255$146$82$5
43 years$681$412$240$135$75$4
44 years$658$393$225$125$68$3
45 years$636$375$211$115$61$3
46 years$615$357$198$106$56$2
47 years$596$341$186$98$51$2
48 years$577$326$175$91$46$2
49 years$558$311$165$84$42$1
50 years$541$297$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $554,000, adding $6,113 every year, while hoping to spend $47,262 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: 38/32/30 Blend
49$554,000$554,000$554,000$554,000
50$616,814$587,452$578,865$634,563
51$629,442$565,950$547,970$626,704
52$641,775$541,811$514,457$613,477
53$653,732$514,856$478,187$598,296
54$665,222$484,894$439,016$581,014
55$676,147$451,726$396,795$561,476
56$686,392$415,139$351,366$539,516
57$695,833$374,909$302,566$514,953
58$704,329$330,801$250,223$487,599
59$711,723$282,563$194,158$457,247
60$717,842$229,931$134,185$423,678
61$722,490$172,626$70,109$386,657
62$725,453$110,354$1,726$345,931
63$726,490$42,801$0$301,230
64$725,334$0$0$275,070
65$721,690$0$0$257,094
66$715,229$0$0$252,967
67$705,586$0$0$247,463
68$692,358$0$0$240,412
69$675,098$0$0$231,624
70$653,308$0$0$220,890
71$626,440$0$0$207,979
72$593,887$0$0$192,635
73$554,974$0$0$174,574
74$508,959$0$0$153,483
75$455,018$0$0$129,016
76$392,240$0$0$100,789
77$319,619$0$0$68,379
78$236,044$0$0$31,319
79$140,284$0$0$0
80$30,981$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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