Can I retire at age 50 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$45,831$45,423$45,025$44,636$44,256$43,257
2 years$22,689$22,266$21,857$21,460$21,075$20,073
3 years$14,976$14,551$14,143$13,749$13,371$12,398
4 years$11,120$10,697$10,292$9,906$9,536$8,600
5 years$8,807$8,386$7,987$7,609$7,249$6,352
6 years$7,265$6,848$6,455$6,085$5,736$4,880
7 years$6,165$5,751$5,364$5,002$4,665$3,849
8 years$5,340$4,930$4,549$4,196$3,870$3,094
9 years$4,698$4,292$3,918$3,574$3,259$2,523
10 years$4,186$3,783$3,416$3,081$2,777$2,079
11 years$3,766$3,368$3,007$2,682$2,388$1,728
12 years$3,417$3,023$2,669$2,352$2,070$1,446
13 years$3,122$2,732$2,385$2,077$1,805$1,217
14 years$2,869$2,483$2,143$1,843$1,582$1,029
15 years$2,650$2,268$1,934$1,644$1,393$873
16 years$2,459$2,081$1,754$1,472$1,231$742
17 years$2,290$1,917$1,596$1,323$1,092$633
18 years$2,140$1,771$1,457$1,192$971$542
19 years$2,007$1,642$1,334$1,077$865$464
20 years$1,886$1,525$1,224$975$773$398
21 years$1,778$1,421$1,126$885$691$342
22 years$1,679$1,326$1,038$805$620$294
23 years$1,589$1,240$958$733$556$253
24 years$1,507$1,162$886$669$500$218
25 years$1,431$1,091$821$611$450$188
26 years$1,361$1,025$761$558$405$162
27 years$1,297$965$707$511$365$140
28 years$1,237$909$657$468$330$121
29 years$1,181$858$611$429$298$104
30 years$1,130$810$570$394$269$90
31 years$1,081$766$531$362$243$78
32 years$1,036$724$495$333$220$67
33 years$994$686$463$306$199$58
34 years$954$650$432$281$180$50
35 years$917$617$404$259$163$44
36 years$881$585$378$239$148$38
37 years$848$556$354$220$134$33
38 years$817$528$331$203$122$28
39 years$787$502$310$187$110$24
40 years$759$478$291$172$100$21
41 years$732$455$273$159$91$18
42 years$707$433$256$147$82$16
43 years$682$413$240$135$75$14
44 years$659$394$225$125$68$12
45 years$637$375$212$115$62$10
46 years$617$358$199$107$56$9
47 years$597$342$187$99$51$8
48 years$578$326$175$91$46$7
49 years$559$311$165$84$42$6
50 years$542$298$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $555,000, adding $2,504 every year, while hoping to spend $31,035 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: 62/22/16 Blend
49$555,000$555,000$555,000$555,000
50$614,193$584,778$576,175$649,668
51$643,820$580,411$562,456$669,459
52$675,428$574,790$547,237$687,324
53$709,188$567,821$530,436$706,089
54$745,284$559,403$511,965$725,842
55$783,920$549,431$491,733$746,684
56$825,320$537,794$469,646$768,725
57$869,728$524,371$445,605$792,090
58$917,413$509,038$419,505$816,915
59$968,670$491,661$391,238$843,354
60$1,023,821$472,099$360,692$871,576
61$1,083,223$450,204$327,747$901,770
62$1,147,265$425,817$292,280$934,146
63$1,216,377$398,773$254,162$968,937
64$1,291,029$368,894$213,258$1,006,403
65$1,371,738$335,995$169,427$1,046,830
66$1,459,074$299,878$122,522$1,090,538
67$1,553,663$260,334$72,389$1,137,880
68$1,656,191$217,145$18,868$1,189,249
69$1,767,414$170,077$0$1,245,081
70$1,888,164$118,885$0$1,312,388
71$2,019,356$63,309$0$1,389,036
72$2,161,996$3,077$0$1,472,426
73$2,317,189$0$0$1,563,247
74$2,486,154$0$0$1,677,294
75$2,670,231$0$0$1,802,391
76$2,870,895$0$0$1,938,798
77$3,089,767$0$0$2,087,625
78$3,328,635$0$0$2,250,091
79$3,589,464$0$0$2,427,539
80$3,874,419$0$0$2,621,446
81$4,185,882$0$0$2,833,441
82$4,526,477$0$0$3,065,313
83$4,899,093$0$0$3,319,037
84$5,306,909$0$0$3,596,785
85$5,753,427$0$0$3,900,947
86$6,242,505$0$0$4,234,159
87$6,778,389$0$0$4,599,321
88$7,365,757$0$0$4,999,627
89$8,009,758$0$0$5,438,597
90$8,716,068$0$0$5,920,106
91$9,490,935$0$0$6,448,422
92$10,341,242$0$0$7,028,246
93$11,274,571$0$0$7,664,759
94$12,299,273$0$0$8,363,664
95$13,424,547$0$0$9,131,246
96$14,660,527$0$0$9,974,427
97$16,018,378$0$0$10,900,835
98$17,510,398$0$0$11,918,870
99$19,150,135$0$0$13,037,789
100$20,952,517$0$0$14,267,788