Can I retire at age 50 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$46,327$45,914$45,512$45,119$44,735$44,323
2 years$22,934$22,507$22,093$21,692$21,302$20,887
3 years$15,138$14,709$14,296$13,898$13,515$13,110
4 years$11,240$10,812$10,404$10,013$9,639$9,247
5 years$8,902$8,477$8,074$7,691$7,327$6,949
6 years$7,344$6,922$6,525$6,150$5,798$5,434
7 years$6,232$5,813$5,422$5,057$4,715$4,366
8 years$5,398$4,983$4,598$4,242$3,912$3,577
9 years$4,749$4,339$3,961$3,613$3,294$2,974
10 years$4,231$3,824$3,453$3,115$2,807$2,501
11 years$3,807$3,404$3,040$2,711$2,414$2,123
12 years$3,454$3,056$2,698$2,378$2,092$1,814
13 years$3,156$2,761$2,410$2,099$1,824$1,560
14 years$2,900$2,510$2,166$1,863$1,599$1,348
15 years$2,679$2,293$1,955$1,662$1,408$1,170
16 years$2,485$2,104$1,773$1,488$1,244$1,019
17 years$2,315$1,938$1,613$1,337$1,103$890
18 years$2,164$1,790$1,473$1,205$981$779
19 years$2,028$1,659$1,348$1,089$874$684
20 years$1,907$1,542$1,237$986$781$601
21 years$1,797$1,436$1,138$895$699$529
22 years$1,697$1,341$1,049$814$627$467
23 years$1,606$1,254$968$741$562$412
24 years$1,523$1,175$896$676$505$364
25 years$1,446$1,102$830$617$455$322
26 years$1,376$1,036$769$564$410$285
27 years$1,311$975$714$517$369$253
28 years$1,250$919$664$473$333$224
29 years$1,194$867$618$434$301$199
30 years$1,142$819$576$398$272$177
31 years$1,093$774$537$366$246$157
32 years$1,047$732$501$336$222$139
33 years$1,005$693$468$309$201$124
34 years$964$657$437$284$182$110
35 years$927$623$408$262$165$98
36 years$891$592$382$241$150$87
37 years$857$562$358$222$136$78
38 years$826$534$335$205$123$69
39 years$795$508$314$189$111$61
40 years$767$483$294$174$101$55
41 years$740$460$276$161$92$49
42 years$714$438$259$148$83$43
43 years$690$417$243$137$76$39
44 years$667$398$228$126$69$34
45 years$644$379$214$117$62$31
46 years$623$362$201$108$56$27
47 years$603$345$189$100$51$24
48 years$584$330$177$92$47$22
49 years$565$315$167$85$42$19
50 years$548$301$157$79$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $561,000, adding $4,268 every year, while hoping to spend $40,942 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: 51/40/9 Blend
49$561,000$561,000$561,000$561,000
50$622,624$592,891$584,196$652,715
51$642,570$578,381$560,205$659,185
52$663,178$561,788$534,037$661,473
53$684,473$542,966$505,578$663,001
54$706,479$521,761$474,705$663,710
55$729,225$498,012$441,292$663,532
56$752,736$471,546$405,206$662,400
57$777,044$442,180$366,309$660,241
58$802,178$409,722$324,456$656,979
59$828,171$373,970$279,497$652,531
60$855,057$334,706$231,272$646,812
61$882,871$291,705$179,618$639,731
62$911,651$244,726$124,362$631,194
63$941,436$193,514$65,325$621,098
64$972,269$137,802$2,319$609,338
65$1,004,192$77,307$0$595,801
66$1,037,254$11,729$0$586,604
67$1,071,503$0$0$576,031
68$1,106,992$0$0$589,826
69$1,143,775$0$0$609,481
70$1,181,913$0$0$629,865
71$1,221,466$0$0$651,012
72$1,262,503$0$0$672,958
73$1,305,094$0$0$695,742
74$1,349,314$0$0$719,405
75$1,395,244$0$0$743,992
76$1,442,970$0$0$769,550
77$1,492,585$0$0$796,130
78$1,544,187$0$0$823,785
79$1,597,883$0$0$852,575
80$1,653,785$0$0$882,561
81$1,712,016$0$0$913,810
82$1,772,708$0$0$946,396
83$1,836,001$0$0$980,396
84$1,902,048$0$0$1,015,895
85$1,971,013$0$0$1,052,982
86$2,043,074$0$0$1,091,757
87$2,118,422$0$0$1,132,325
88$2,197,265$0$0$1,174,800
89$2,279,827$0$0$1,219,308
90$2,366,351$0$0$1,265,983
91$2,457,101$0$0$1,314,972
92$2,552,362$0$0$1,366,433
93$2,652,447$0$0$1,420,539
94$2,757,692$0$0$1,477,478
95$2,868,465$0$0$1,537,454
96$2,985,166$0$0$1,600,690
97$3,108,230$0$0$1,667,428
98$3,238,132$0$0$1,737,932
99$3,375,389$0$0$1,812,491
100$3,520,565$0$0$1,891,420