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%12.9%
1 years$45,831$45,423$45,025$44,636$44,256$43,722
2 years$22,689$22,266$21,857$21,460$21,075$20,536
3 years$14,976$14,551$14,143$13,749$13,371$12,846
4 years$11,120$10,697$10,292$9,906$9,536$9,028
5 years$8,807$8,386$7,987$7,609$7,249$6,760
6 years$7,265$6,848$6,455$6,085$5,736$5,267
7 years$6,165$5,751$5,364$5,002$4,665$4,215
8 years$5,340$4,930$4,549$4,196$3,870$3,440
9 years$4,698$4,292$3,918$3,574$3,259$2,848
10 years$4,186$3,783$3,416$3,081$2,777$2,385
11 years$3,766$3,368$3,007$2,682$2,388$2,015
12 years$3,417$3,023$2,669$2,352$2,070$1,715
13 years$3,122$2,732$2,385$2,077$1,805$1,468
14 years$2,869$2,483$2,143$1,843$1,582$1,263
15 years$2,650$2,268$1,934$1,644$1,393$1,091
16 years$2,459$2,081$1,754$1,472$1,231$945
17 years$2,290$1,917$1,596$1,323$1,092$821
18 years$2,140$1,771$1,457$1,192$971$716
19 years$2,007$1,642$1,334$1,077$865$625
20 years$1,886$1,525$1,224$975$773$546
21 years$1,778$1,421$1,126$885$691$479
22 years$1,679$1,326$1,038$805$620$420
23 years$1,589$1,240$958$733$556$369
24 years$1,507$1,162$886$669$500$324
25 years$1,431$1,091$821$611$450$285
26 years$1,361$1,025$761$558$405$251
27 years$1,297$965$707$511$365$221
28 years$1,237$909$657$468$330$195
29 years$1,181$858$611$429$298$172
30 years$1,130$810$570$394$269$152
31 years$1,081$766$531$362$243$134
32 years$1,036$724$495$333$220$119
33 years$994$686$463$306$199$105
34 years$954$650$432$281$180$93
35 years$917$617$404$259$163$82
36 years$881$585$378$239$148$72
37 years$848$556$354$220$134$64
38 years$817$528$331$203$122$57
39 years$787$502$310$187$110$50
40 years$759$478$291$172$100$44
41 years$732$455$273$159$91$39
42 years$707$433$256$147$82$35
43 years$682$413$240$135$75$31
44 years$659$394$225$125$68$27
45 years$637$375$212$115$62$24
46 years$617$358$199$107$56$21
47 years$597$342$187$99$51$19
48 years$578$326$175$91$46$17
49 years$559$311$165$84$42$15
50 years$542$298$155$78$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $555,000, adding $3,314 every year, while hoping to spend $30,246 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: 26/49/25 Blend
49$555,000$555,000$555,000$555,000
50$615,028$585,613$577,011$626,113
51$645,580$582,127$564,159$631,851
52$678,234$577,456$549,863$635,172
53$713,173$571,510$534,043$638,101
54$750,597$564,195$516,614$640,623
55$790,726$555,408$497,488$642,729
56$833,800$545,044$476,575$644,407
57$880,084$532,988$453,776$645,651
58$929,868$519,120$428,994$646,455
59$983,471$503,312$402,121$646,819
60$1,041,242$485,432$373,049$646,746
61$1,103,565$465,335$341,663$646,242
62$1,170,863$442,870$307,843$645,321
63$1,243,600$417,880$271,464$644,000
64$1,322,285$390,193$232,396$642,307
65$1,407,479$359,634$190,502$640,273
66$1,499,797$326,011$145,640$637,943
67$1,599,918$289,128$97,660$635,370
68$1,708,587$248,771$46,408$632,618
69$1,826,621$204,720$0$629,766
70$1,954,924$156,739$0$629,119
71$2,094,487$104,579$0$641,931
72$2,246,399$47,979$0$655,988
73$2,411,863$0$0$671,490
74$2,592,198$0$0$695,859
75$2,788,859$0$0$750,730
76$3,003,445$0$0$810,691
77$3,237,718$0$0$876,244
78$3,493,616$0$0$947,944
79$3,773,274$0$0$1,026,401
80$4,079,041$0$0$1,112,286
81$4,413,504$0$0$1,206,338
82$4,779,512$0$0$1,309,373
83$5,180,202$0$0$1,422,287
84$5,619,027$0$0$1,546,068
85$6,099,792$0$0$1,681,804
86$6,626,685$0$0$1,830,693
87$7,204,319$0$0$1,994,055
88$7,837,776$0$0$2,173,344
89$8,532,652$0$0$2,370,162
90$9,295,111$0$0$2,586,271
91$10,131,943$0$0$2,823,616
92$11,050,626$0$0$3,084,336
93$12,059,401$0$0$3,370,791
94$13,167,340$0$0$3,685,577
95$14,384,443$0$0$4,031,557
96$15,721,723$0$0$4,411,883
97$17,191,312$0$0$4,830,029
98$18,806,577$0$0$5,289,823
99$20,582,245$0$0$5,795,480
100$22,534,538$0$0$6,351,646