Can I retire at age 50 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$46,079$45,669$45,268$44,877$44,496$43,705
2 years$22,811$22,387$21,975$21,576$21,188$20,394
3 years$15,057$14,630$14,219$13,824$13,443$12,670
4 years$11,180$10,755$10,348$9,959$9,588$8,842
5 years$8,854$8,432$8,030$7,650$7,288$6,573
6 years$7,305$6,885$6,490$6,117$5,767$5,082
7 years$6,198$5,782$5,393$5,030$4,690$4,035
8 years$5,369$4,956$4,574$4,219$3,891$3,267
9 years$4,724$4,315$3,939$3,594$3,277$2,683
10 years$4,208$3,804$3,434$3,098$2,792$2,227
11 years$3,787$3,386$3,024$2,696$2,401$1,865
12 years$3,436$3,039$2,683$2,365$2,081$1,573
13 years$3,139$2,747$2,397$2,088$1,814$1,334
14 years$2,885$2,497$2,154$1,853$1,591$1,137
15 years$2,665$2,281$1,945$1,653$1,400$973
16 years$2,472$2,093$1,763$1,480$1,238$835
17 years$2,303$1,927$1,605$1,330$1,097$718
18 years$2,152$1,781$1,465$1,198$976$620
19 years$2,017$1,650$1,341$1,083$870$535
20 years$1,896$1,534$1,231$981$777$463
21 years$1,787$1,429$1,132$890$695$402
22 years$1,688$1,333$1,043$809$623$349
23 years$1,597$1,247$963$737$559$303
24 years$1,515$1,169$891$672$503$263
25 years$1,439$1,097$825$614$452$229
26 years$1,369$1,031$765$561$408$200
27 years$1,304$970$711$514$367$174
28 years$1,244$914$661$471$332$152
29 years$1,188$862$615$432$299$132
30 years$1,136$814$573$396$271$115
31 years$1,087$770$534$364$245$101
32 years$1,042$728$498$334$221$88
33 years$999$690$465$307$200$77
34 years$959$654$435$283$181$67
35 years$922$620$406$260$164$59
36 years$886$589$380$240$149$51
37 years$853$559$356$221$135$45
38 years$821$531$333$204$122$39
39 years$791$505$312$188$111$34
40 years$763$481$293$173$101$30
41 years$736$457$274$160$91$26
42 years$710$436$257$148$83$23
43 years$686$415$241$136$75$20
44 years$663$396$227$126$68$18
45 years$641$377$213$116$62$15
46 years$620$360$200$107$56$13
47 years$600$344$188$99$51$12
48 years$581$328$176$92$46$10
49 years$562$313$166$85$42$9
50 years$545$299$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $558,000, adding $2,519 every year, while hoping to spend $21,652 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: 64/7/29 Blend
49$558,000$558,000$558,000$558,000
50$617,514$587,940$579,291$652,112
51$657,463$593,712$575,660$681,633
52$700,761$599,041$571,181$711,276
53$747,727$603,882$565,804$743,202
54$798,711$608,188$559,475$777,640
55$854,100$611,909$552,137$814,841
56$914,316$614,991$543,731$855,082
57$979,827$617,376$534,197$898,669
58$1,051,146$619,004$523,469$945,942
59$1,128,838$619,810$511,481$997,273
60$1,213,524$619,726$498,160$1,053,075
61$1,305,889$618,678$483,434$1,113,803
62$1,406,686$616,589$467,225$1,179,959
63$1,516,743$613,377$449,453$1,252,098
64$1,636,973$608,955$430,032$1,330,831
65$1,768,381$603,230$408,874$1,416,834
66$1,912,072$596,105$385,888$1,510,851
67$2,069,264$587,474$360,975$1,613,706
68$2,241,297$577,229$334,037$1,726,305
69$2,429,649$565,253$304,966$1,849,650
70$2,635,944$551,421$273,653$1,984,844
71$2,861,973$535,604$239,984$2,133,108
72$3,109,708$517,661$203,837$2,295,785
73$3,381,319$497,448$165,087$2,474,358
74$3,679,200$474,809$123,603$2,670,464
75$4,005,983$449,580$79,248$2,885,908
76$4,364,571$421,586$31,880$3,122,680
77$4,758,159$390,646$0$3,382,976
78$5,190,267$356,564$0$3,674,996
79$5,664,774$319,135$0$4,006,537
80$6,185,951$278,143$0$4,370,720
81$6,758,504$233,358$0$4,770,847
82$7,387,618$184,539$0$5,210,557
83$8,079,004$131,430$0$5,693,857
84$8,838,953$73,761$0$6,225,166
85$9,674,397$11,246$0$6,809,351
86$10,592,974$0$0$7,451,776
87$11,603,097$0$0$8,162,696
88$12,714,036$0$0$8,945,566
89$13,936,005$0$0$9,806,722
90$15,280,256$0$0$10,754,100
91$16,759,188$0$0$11,796,445
92$18,386,463$0$0$12,943,390
93$20,177,131$0$0$14,205,549
94$22,147,778$0$0$15,594,620
95$24,316,677$0$0$17,123,490
96$26,703,964$0$0$18,806,358
97$29,331,823$0$0$20,658,871
98$32,224,702$0$0$22,698,270
99$35,409,537$0$0$24,943,552
100$38,916,010$0$0$27,415,649