Can I retire at age 50 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$46,162$45,751$45,349$44,958$44,575$44,276
2 years$22,852$22,427$22,014$21,614$21,226$20,924
3 years$15,084$14,656$14,245$13,849$13,467$13,172
4 years$11,200$10,774$10,366$9,977$9,605$9,319
5 years$8,870$8,447$8,045$7,663$7,301$7,025
6 years$7,318$6,897$6,501$6,128$5,777$5,511
7 years$6,209$5,792$5,403$5,039$4,698$4,443
8 years$5,378$4,965$4,582$4,227$3,898$3,653
9 years$4,732$4,323$3,946$3,600$3,283$3,048
10 years$4,216$3,811$3,441$3,103$2,797$2,572
11 years$3,793$3,392$3,029$2,701$2,405$2,191
12 years$3,442$3,045$2,688$2,369$2,084$1,880
13 years$3,144$2,752$2,402$2,092$1,818$1,623
14 years$2,890$2,501$2,158$1,857$1,593$1,408
15 years$2,669$2,285$1,948$1,656$1,403$1,226
16 years$2,477$2,096$1,766$1,483$1,240$1,072
17 years$2,307$1,931$1,607$1,332$1,099$941
18 years$2,156$1,784$1,467$1,200$978$827
19 years$2,021$1,653$1,343$1,085$871$729
20 years$1,900$1,536$1,233$982$778$644
21 years$1,790$1,431$1,134$892$696$569
22 years$1,691$1,336$1,045$811$624$504
23 years$1,600$1,249$965$738$560$447
24 years$1,517$1,171$892$673$504$397
25 years$1,441$1,099$827$615$453$353
26 years$1,371$1,032$767$562$408$314
27 years$1,306$972$712$515$368$280
28 years$1,246$916$662$472$332$249
29 years$1,190$864$616$432$300$222
30 years$1,138$816$574$397$271$198
31 years$1,089$771$535$364$245$177
32 years$1,044$730$499$335$222$158
33 years$1,001$691$466$308$201$141
34 years$961$655$435$283$182$126
35 years$923$621$407$261$164$113
36 years$888$590$381$240$149$101
37 years$854$560$356$221$135$90
38 years$823$532$334$204$122$81
39 years$793$506$313$188$111$72
40 years$764$481$293$174$101$64
41 years$737$458$275$160$91$58
42 years$712$436$258$148$83$52
43 years$687$416$242$136$75$46
44 years$664$396$227$126$68$41
45 years$642$378$213$116$62$37
46 years$621$361$200$107$56$33
47 years$601$344$188$99$51$30
48 years$582$329$177$92$46$27
49 years$563$314$166$85$42$24
50 years$546$300$156$78$38$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $559,000, adding $2,430 every year, while hoping to spend $21,148 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: 80/7/13 Blend
49$559,000$559,000$559,000$559,000
50$618,525$588,898$580,233$666,267
51$659,113$595,252$577,170$704,340
52$703,132$601,209$573,295$743,128
53$750,910$606,728$568,559$785,083
54$802,808$611,762$562,910$830,514
55$859,221$616,265$556,294$879,759
56$920,586$620,186$548,655$933,192
57$987,382$623,472$539,931$991,223
58$1,060,138$626,065$530,062$1,054,305
59$1,139,435$627,904$518,981$1,122,938
60$1,225,911$628,926$506,621$1,197,671
61$1,320,270$629,060$492,909$1,279,110
62$1,423,288$628,234$477,772$1,367,922
63$1,535,817$626,371$461,131$1,464,844
64$1,658,795$623,388$442,904$1,570,686
65$1,793,257$619,198$423,005$1,686,341
66$1,940,339$613,709$401,346$1,812,793
67$2,101,295$606,822$377,832$1,951,128
68$2,277,504$598,434$352,367$2,102,541
69$2,470,486$588,433$324,848$2,268,349
70$2,681,913$576,704$295,168$2,450,005
71$2,913,628$563,122$263,216$2,649,109
72$3,167,660$547,557$228,875$2,867,425
73$3,446,244$529,870$192,025$3,106,896
74$3,751,841$509,914$152,538$3,369,665
75$4,087,163$487,533$110,282$3,658,093
76$4,455,195$462,564$65,118$3,974,782
77$4,859,228$434,833$16,902$4,322,601
78$5,302,884$404,154$0$4,704,709
79$5,790,156$370,336$0$5,129,384
80$6,325,440$333,171$0$5,598,485
81$6,913,581$292,442$0$6,113,921
82$7,559,915$247,921$0$6,680,380
83$8,270,322$199,364$0$7,303,025
84$9,051,278$146,516$0$7,987,549
85$9,909,919$89,106$0$8,740,223
86$10,854,106$26,848$0$9,567,956
87$11,892,503$0$0$10,478,362
88$13,034,650$0$0$11,482,955
89$14,291,064$0$0$12,590,345
90$15,673,329$0$0$13,808,677
91$17,194,209$0$0$15,149,203
92$18,867,768$0$0$16,624,323
93$20,709,503$0$0$18,247,697
94$22,736,486$0$0$20,034,377
95$24,967,532$0$0$22,000,949
96$27,423,371$0$0$24,165,687
97$30,126,844$0$0$26,548,730
98$33,103,118$0$0$29,172,264
99$36,379,928$0$0$32,060,739
100$39,987,832$0$0$35,241,095