Can I retire at age 50 with 558,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$46,079$45,669$45,268$44,877$44,496$43,759
2 years$22,811$22,387$21,975$21,576$21,188$20,448
3 years$15,057$14,630$14,219$13,824$13,443$12,722
4 years$11,180$10,755$10,348$9,959$9,588$8,892
5 years$8,854$8,432$8,030$7,650$7,288$6,620
6 years$7,305$6,885$6,490$6,117$5,767$5,127
7 years$6,198$5,782$5,393$5,030$4,690$4,078
8 years$5,369$4,956$4,574$4,219$3,891$3,307
9 years$4,724$4,315$3,939$3,594$3,277$2,720
10 years$4,208$3,804$3,434$3,098$2,792$2,263
11 years$3,787$3,386$3,024$2,696$2,401$1,899
12 years$3,436$3,039$2,683$2,365$2,081$1,605
13 years$3,139$2,747$2,397$2,088$1,814$1,364
14 years$2,885$2,497$2,154$1,853$1,591$1,164
15 years$2,665$2,281$1,945$1,653$1,400$998
16 years$2,472$2,093$1,763$1,480$1,238$858
17 years$2,303$1,927$1,605$1,330$1,097$740
18 years$2,152$1,781$1,465$1,198$976$640
19 years$2,017$1,650$1,341$1,083$870$554
20 years$1,896$1,534$1,231$981$777$481
21 years$1,787$1,429$1,132$890$695$418
22 years$1,688$1,333$1,043$809$623$363
23 years$1,597$1,247$963$737$559$316
24 years$1,515$1,169$891$672$503$276
25 years$1,439$1,097$825$614$452$241
26 years$1,369$1,031$765$561$408$210
27 years$1,304$970$711$514$367$183
28 years$1,244$914$661$471$332$160
29 years$1,188$862$615$432$299$140
30 years$1,136$814$573$396$271$123
31 years$1,087$770$534$364$245$107
32 years$1,042$728$498$334$221$94
33 years$999$690$465$307$200$82
34 years$959$654$435$283$181$72
35 years$922$620$406$260$164$63
36 years$886$589$380$240$149$55
37 years$853$559$356$221$135$48
38 years$821$531$333$204$122$42
39 years$791$505$312$188$111$37
40 years$763$481$293$173$101$33
41 years$736$457$274$160$91$29
42 years$710$436$257$148$83$25
43 years$686$415$241$136$75$22
44 years$663$396$227$126$68$19
45 years$641$377$213$116$62$17
46 years$620$360$200$107$56$15
47 years$600$344$188$99$51$13
48 years$581$328$176$92$46$11
49 years$562$313$166$85$42$10
50 years$545$299$156$78$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $558,000, adding $5,929 every year, while hoping to spend $45,979 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: 40/31/29 Blend
49$558,000$558,000$558,000$558,000
50$621,032$591,458$582,809$640,362
51$635,456$571,518$553,412$635,041
52$649,810$549,060$521,489$624,599
53$664,039$523,912$486,907$612,432
54$678,079$495,892$449,526$598,414
55$691,860$464,808$409,203$582,406
56$705,303$430,456$365,784$564,262
57$718,317$392,622$319,110$543,825
58$730,802$351,077$269,018$520,927
59$742,646$305,582$215,332$495,388
60$753,723$255,883$157,873$467,018
61$763,893$201,711$96,452$435,610
62$772,999$142,784$30,872$400,944
63$780,866$78,802$0$362,784
64$787,300$9,448$0$332,981
65$792,083$0$0$310,142
66$794,976$0$0$306,864
67$795,710$0$0$305,815
68$793,987$0$0$303,640
69$789,478$0$0$300,193
70$781,816$0$0$295,309
71$770,595$0$0$288,810
72$755,363$0$0$280,493
73$735,622$0$0$270,139
74$710,819$0$0$257,500
75$680,341$0$0$242,307
76$643,510$0$0$224,258
77$599,577$0$0$203,021
78$547,711$0$0$178,228
79$486,994$0$0$149,473
80$416,411$0$0$116,307
81$334,842$0$0$78,233
82$241,044$0$0$34,702
83$133,649$0$0$0
84$11,142$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0