Can I retire at age 50 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$45,997$45,587$45,187$44,797$44,416$42,671
2 years$22,771$22,346$21,935$21,537$21,150$19,413
3 years$15,030$14,604$14,194$13,799$13,419$11,745
4 years$11,160$10,735$10,329$9,941$9,570$7,972
5 years$8,839$8,417$8,016$7,636$7,275$5,757
6 years$7,292$6,873$6,478$6,107$5,757$4,319
7 years$6,187$5,772$5,383$5,021$4,682$3,324
8 years$5,359$4,947$4,566$4,212$3,884$2,605
9 years$4,715$4,308$3,932$3,587$3,271$2,069
10 years$4,201$3,797$3,428$3,092$2,787$1,660
11 years$3,780$3,380$3,018$2,691$2,397$1,342
12 years$3,429$3,034$2,679$2,361$2,077$1,092
13 years$3,133$2,742$2,393$2,084$1,811$892
14 years$2,879$2,492$2,150$1,850$1,588$732
15 years$2,660$2,277$1,941$1,650$1,398$602
16 years$2,468$2,089$1,760$1,477$1,236$497
17 years$2,298$1,924$1,602$1,327$1,095$411
18 years$2,148$1,778$1,462$1,196$974$340
19 years$2,014$1,647$1,338$1,081$868$282
20 years$1,893$1,531$1,228$979$775$234
21 years$1,784$1,426$1,130$888$694$195
22 years$1,685$1,331$1,041$808$622$162
23 years$1,595$1,245$962$736$558$135
24 years$1,512$1,166$889$671$502$112
25 years$1,436$1,095$824$613$452$93
26 years$1,366$1,029$764$560$407$78
27 years$1,301$968$709$513$367$65
28 years$1,241$912$659$470$331$54
29 years$1,186$861$614$431$299$45
30 years$1,134$813$572$395$270$38
31 years$1,085$768$533$363$244$31
32 years$1,040$727$497$334$221$26
33 years$998$689$464$307$200$22
34 years$958$653$434$282$181$18
35 years$920$619$406$260$164$15
36 years$885$587$379$239$148$13
37 years$851$558$355$221$135$11
38 years$820$530$332$203$122$9
39 years$790$504$312$187$111$7
40 years$762$480$292$173$100$6
41 years$735$457$274$160$91$5
42 years$709$435$257$147$83$4
43 years$685$414$241$136$75$4
44 years$662$395$226$125$68$3
45 years$640$377$212$116$62$2
46 years$619$359$199$107$56$2
47 years$599$343$187$99$51$2
48 years$580$327$176$91$46$1
49 years$561$313$166$84$42$1
50 years$544$299$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $557,000, adding $3,287 every year, while hoping to spend $35,522 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: 54/40/6 Blend
49$557,000$557,000$557,000$557,000
50$617,205$587,684$579,050$649,525
51$642,364$578,685$560,653$662,739
52$668,900$568,055$540,449$672,908
53$696,914$555,676$518,341$683,107
54$726,519$541,423$494,225$693,346
55$757,836$525,166$467,994$703,635
56$791,001$506,764$439,537$713,987
57$826,158$486,071$408,736$724,422
58$863,467$462,929$375,470$734,961
59$903,102$437,174$339,610$745,630
60$945,254$408,631$301,022$756,462
61$990,132$377,116$259,568$767,494
62$1,037,964$342,433$215,102$778,772
63$1,089,000$304,376$167,472$790,349
64$1,143,514$262,727$116,519$802,286
65$1,201,808$217,256$62,077$814,656
66$1,264,209$167,718$3,974$827,542
67$1,331,080$113,858$0$841,040
68$1,402,815$55,402$0$858,974
69$1,479,851$0$0$878,270
70$1,562,664$0$0$902,322
71$1,651,777$0$0$954,483
72$1,747,767$0$0$1,010,708
73$1,851,264$0$0$1,071,372
74$1,962,962$0$0$1,136,887
75$2,083,623$0$0$1,207,707
76$2,214,086$0$0$1,284,328
77$2,355,271$0$0$1,367,298
78$2,508,190$0$0$1,457,217
79$2,673,957$0$0$1,554,748
80$2,853,795$0$0$1,660,617
81$3,049,049$0$0$1,775,624
82$3,261,201$0$0$1,900,649
83$3,491,878$0$0$2,036,659
84$3,742,873$0$0$2,184,721
85$4,016,156$0$0$2,346,004
86$4,313,897$0$0$2,521,800
87$4,638,482$0$0$2,713,527
88$4,992,538$0$0$2,922,746
89$5,378,958$0$0$3,151,178
90$5,800,923$0$0$3,400,715
91$6,261,938$0$0$3,673,440
92$6,765,861$0$0$3,971,647
93$7,316,938$0$0$4,297,863
94$7,919,844$0$0$4,654,867
95$8,579,730$0$0$5,045,722
96$9,302,263$0$0$5,473,800
97$10,093,688$0$0$5,942,815
98$10,960,880$0$0$6,456,856
99$11,911,412$0$0$7,020,427
100$12,953,622$0$0$7,638,490