Can I retire at age 50 with 556,000?

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 $556,000?

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$45,914$45,505$45,106$44,717$44,336$43,229
2 years$22,730$22,306$21,896$21,498$21,112$20,004
3 years$15,003$14,577$14,168$13,774$13,395$12,320
4 years$11,140$10,716$10,311$9,924$9,553$8,520
5 years$8,823$8,401$8,002$7,622$7,262$6,274
6 years$7,279$6,860$6,467$6,096$5,746$4,803
7 years$6,176$5,761$5,374$5,011$4,673$3,776
8 years$5,349$4,939$4,557$4,204$3,877$3,025
9 years$4,707$4,300$3,925$3,581$3,265$2,457
10 years$4,193$3,790$3,422$3,087$2,782$2,018
11 years$3,773$3,374$3,013$2,686$2,393$1,671
12 years$3,423$3,028$2,674$2,356$2,073$1,393
13 years$3,128$2,737$2,389$2,080$1,808$1,167
14 years$2,874$2,488$2,146$1,847$1,585$982
15 years$2,655$2,273$1,938$1,647$1,395$830
16 years$2,463$2,085$1,757$1,475$1,233$703
17 years$2,294$1,920$1,599$1,325$1,094$597
18 years$2,144$1,774$1,459$1,194$972$508
19 years$2,010$1,644$1,336$1,079$867$434
20 years$1,890$1,528$1,226$977$774$370
21 years$1,781$1,423$1,128$887$693$317
22 years$1,682$1,329$1,039$806$621$271
23 years$1,592$1,243$960$734$557$232
24 years$1,509$1,164$888$670$501$199
25 years$1,433$1,093$822$612$451$171
26 years$1,364$1,027$762$559$406$147
27 years$1,299$966$708$512$366$126
28 years$1,239$911$658$469$330$108
29 years$1,184$859$613$430$298$93
30 years$1,132$811$571$395$270$80
31 years$1,083$767$532$363$244$69
32 years$1,038$726$496$333$220$59
33 years$996$687$463$306$199$51
34 years$956$651$433$282$181$44
35 years$918$618$405$260$164$38
36 years$883$586$379$239$148$32
37 years$850$557$354$220$134$28
38 years$818$529$332$203$122$24
39 years$788$503$311$187$110$21
40 years$760$479$291$173$100$18
41 years$733$456$273$159$91$15
42 years$708$434$256$147$82$13
43 years$684$414$241$136$75$11
44 years$661$394$226$125$68$10
45 years$639$376$212$116$62$8
46 years$618$359$199$107$56$7
47 years$598$342$187$99$51$6
48 years$579$327$176$91$46$5
49 years$560$312$165$84$42$5
50 years$543$298$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 $556,000, adding $2,669 every year, while hoping to spend $29,008 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: 45/28/27 Blend
49$556,000$556,000$556,000$556,000
50$615,465$585,997$577,379$638,254
51$647,378$583,847$565,857$652,541
52$681,574$580,619$552,977$665,023
53$718,256$576,230$538,662$677,999
54$757,644$570,591$522,833$691,530
55$799,983$563,609$505,408$705,685
56$845,539$555,185$486,297$720,545
57$894,608$545,212$465,411$736,199
58$947,510$533,579$442,655$752,747
59$1,004,600$520,169$417,928$770,302
60$1,066,267$504,855$391,127$788,992
61$1,132,940$487,506$362,142$808,959
62$1,205,087$467,981$330,861$830,364
63$1,283,225$446,132$297,165$853,386
64$1,367,923$421,802$260,929$878,227
65$1,459,805$394,824$222,024$905,112
66$1,559,559$365,024$180,315$934,291
67$1,667,939$332,215$135,661$966,046
68$1,785,777$296,202$87,914$1,000,690
69$1,913,987$256,777$36,920$1,038,573
70$2,053,576$213,721$0$1,080,085
71$2,205,650$166,802$0$1,130,701
72$2,371,428$115,777$0$1,197,543
73$2,552,251$60,387$0$1,270,552
74$2,749,593$360$0$1,350,378
75$2,965,081$0$0$1,437,743
76$3,200,502$0$0$1,553,346
77$3,457,825$0$0$1,679,888
78$3,739,217$0$0$1,818,333
79$4,047,065$0$0$1,969,862
80$4,383,997$0$0$2,135,779
81$4,752,906$0$0$2,317,516
82$5,156,979$0$0$2,516,653
83$5,599,724$0$0$2,734,928
84$6,085,006$0$0$2,974,257
85$6,617,081$0$0$3,236,750
86$7,200,638$0$0$3,524,728
87$7,840,838$0$0$3,840,753
88$8,543,369$0$0$4,187,641
89$9,314,496$0$0$4,568,499
90$10,161,119$0$0$4,986,747
91$11,090,838$0$0$5,446,152
92$12,112,027$0$0$5,950,865
93$13,233,910$0$0$6,505,458
94$14,466,648$0$0$7,114,970
95$15,821,436$0$0$7,784,950
96$17,310,607$0$0$8,521,511
97$18,947,748$0$0$9,331,391
98$20,747,829$0$0$10,222,010
99$22,727,341$0$0$11,201,544
100$24,904,455$0$0$12,279,004