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%13.3%
1 years$45,997$45,587$45,187$44,797$44,416$43,806
2 years$22,771$22,346$21,935$21,537$21,150$20,537
3 years$15,030$14,604$14,194$13,799$13,419$12,821
4 years$11,160$10,735$10,329$9,941$9,570$8,993
5 years$8,839$8,417$8,016$7,636$7,275$6,720
6 years$7,292$6,873$6,478$6,107$5,757$5,224
7 years$6,187$5,772$5,383$5,021$4,682$4,172
8 years$5,359$4,947$4,566$4,212$3,884$3,396
9 years$4,715$4,308$3,932$3,587$3,271$2,806
10 years$4,201$3,797$3,428$3,092$2,787$2,344
11 years$3,780$3,380$3,018$2,691$2,397$1,975
12 years$3,429$3,034$2,679$2,361$2,077$1,677
13 years$3,133$2,742$2,393$2,084$1,811$1,432
14 years$2,879$2,492$2,150$1,850$1,588$1,228
15 years$2,660$2,277$1,941$1,650$1,398$1,058
16 years$2,468$2,089$1,760$1,477$1,236$914
17 years$2,298$1,924$1,602$1,327$1,095$792
18 years$2,148$1,778$1,462$1,196$974$688
19 years$2,014$1,647$1,338$1,081$868$599
20 years$1,893$1,531$1,228$979$775$523
21 years$1,784$1,426$1,130$888$694$456
22 years$1,685$1,331$1,041$808$622$399
23 years$1,595$1,245$962$736$558$349
24 years$1,512$1,166$889$671$502$306
25 years$1,436$1,095$824$613$452$269
26 years$1,366$1,029$764$560$407$236
27 years$1,301$968$709$513$367$207
28 years$1,241$912$659$470$331$182
29 years$1,186$861$614$431$299$160
30 years$1,134$813$572$395$270$141
31 years$1,085$768$533$363$244$124
32 years$1,040$727$497$334$221$109
33 years$998$689$464$307$200$96
34 years$958$653$434$282$181$85
35 years$920$619$406$260$164$75
36 years$885$587$379$239$148$66
37 years$851$558$355$221$135$58
38 years$820$530$332$203$122$51
39 years$790$504$312$187$111$45
40 years$762$480$292$173$100$40
41 years$735$457$274$160$91$35
42 years$709$435$257$147$83$31
43 years$685$414$241$136$75$27
44 years$662$395$226$125$68$24
45 years$640$377$212$116$62$21
46 years$619$359$199$107$56$19
47 years$599$343$187$99$51$17
48 years$580$327$176$91$46$15
49 years$561$313$166$84$42$13
50 years$544$299$156$78$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $557,000, adding $2,403 every year, while hoping to spend $27,831 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: 46/32/22 Blend
49$557,000$557,000$557,000$557,000
50$616,293$586,772$578,138$640,656
51$649,543$585,912$567,894$657,139
52$685,251$584,076$556,374$672,070
53$723,640$581,189$543,505$687,702
54$764,952$577,168$529,213$704,114
55$809,454$571,926$513,419$721,394
56$857,439$565,372$496,039$739,641
57$909,229$557,407$476,988$758,965
58$965,179$547,928$456,175$779,492
59$1,025,676$536,825$433,506$801,359
60$1,091,149$523,983$408,883$824,723
61$1,162,067$509,279$382,201$849,756
62$1,238,946$492,583$353,353$876,653
63$1,322,356$473,756$322,227$905,630
64$1,412,919$452,653$288,705$936,927
65$1,511,324$429,120$252,664$970,814
66$1,618,327$402,995$213,976$1,007,590
67$1,734,758$374,104$172,506$1,047,589
68$1,861,534$342,265$128,115$1,091,180
69$1,999,660$307,285$80,656$1,138,777
70$2,150,244$268,962$29,978$1,190,838
71$2,314,507$227,079$0$1,247,874
72$2,493,791$181,409$0$1,316,108
73$2,689,572$131,713$0$1,398,390
74$2,903,477$77,736$0$1,488,413
75$3,137,297$19,210$0$1,586,996
76$3,393,003$0$0$1,695,042
77$3,672,766$0$0$1,829,096
78$3,978,976$0$0$1,983,289
79$4,314,264$0$0$2,152,191
80$4,681,528$0$0$2,337,269
81$5,083,960$0$0$2,540,139
82$5,525,076$0$0$2,762,583
83$6,008,745$0$0$3,006,562
84$6,539,233$0$0$3,274,236
85$7,121,234$0$0$3,567,984
86$7,759,922$0$0$3,890,427
87$8,460,994$0$0$4,244,453
88$9,230,727$0$0$4,633,241
89$10,076,033$0$0$5,060,295
90$11,004,530$0$0$5,529,474
91$12,024,607$0$0$6,045,030
92$13,145,507$0$0$6,611,646
93$14,377,412$0$0$7,234,483
94$15,731,540$0$0$7,919,225
95$17,220,249$0$0$8,672,137
96$18,857,155$0$0$9,500,117
97$20,657,260$0$0$10,410,769
98$22,637,090$0$0$11,412,469
99$24,814,856$0$0$12,514,446
100$27,210,621$0$0$13,726,869