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%17.9%
1 years$46,327$45,914$45,512$45,119$44,735$43,303
2 years$22,934$22,507$22,093$21,692$21,302$19,873
3 years$15,138$14,709$14,296$13,898$13,515$12,133
4 years$11,240$10,812$10,404$10,013$9,639$8,315
5 years$8,902$8,477$8,074$7,691$7,327$6,065
6 years$7,344$6,922$6,525$6,150$5,798$4,598
7 years$6,232$5,813$5,422$5,057$4,715$3,578
8 years$5,398$4,983$4,598$4,242$3,912$2,836
9 years$4,749$4,339$3,961$3,613$3,294$2,279
10 years$4,231$3,824$3,453$3,115$2,807$1,850
11 years$3,807$3,404$3,040$2,711$2,414$1,514
12 years$3,454$3,056$2,698$2,378$2,092$1,247
13 years$3,156$2,761$2,410$2,099$1,824$1,033
14 years$2,900$2,510$2,166$1,863$1,599$859
15 years$2,679$2,293$1,955$1,662$1,408$716
16 years$2,485$2,104$1,773$1,488$1,244$599
17 years$2,315$1,938$1,613$1,337$1,103$502
18 years$2,164$1,790$1,473$1,205$981$422
19 years$2,028$1,659$1,348$1,089$874$355
20 years$1,907$1,542$1,237$986$781$299
21 years$1,797$1,436$1,138$895$699$252
22 years$1,697$1,341$1,049$814$627$213
23 years$1,606$1,254$968$741$562$180
24 years$1,523$1,175$896$676$505$152
25 years$1,446$1,102$830$617$455$128
26 years$1,376$1,036$769$564$410$109
27 years$1,311$975$714$517$369$92
28 years$1,250$919$664$473$333$78
29 years$1,194$867$618$434$301$66
30 years$1,142$819$576$398$272$56
31 years$1,093$774$537$366$246$47
32 years$1,047$732$501$336$222$40
33 years$1,005$693$468$309$201$34
34 years$964$657$437$284$182$29
35 years$927$623$408$262$165$24
36 years$891$592$382$241$150$21
37 years$857$562$358$222$136$18
38 years$826$534$335$205$123$15
39 years$795$508$314$189$111$13
40 years$767$483$294$174$101$11
41 years$740$460$276$161$92$9
42 years$714$438$259$148$83$8
43 years$690$417$243$137$76$7
44 years$667$398$228$126$69$6
45 years$644$379$214$117$62$5
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $561,000, adding $3,673 every year, while hoping to spend $24,929 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: 79/7/14 Blend
49$561,000$561,000$561,000$561,000
50$622,011$592,278$583,582$669,103
51$658,932$594,775$576,608$703,109
52$698,783$596,559$568,565$736,844
53$741,837$597,569$559,390$773,149
54$788,394$597,739$549,019$812,271
55$838,782$597,001$537,383$854,482
56$893,365$595,281$524,412$900,081
57$952,539$592,500$510,031$949,399
58$1,016,742$588,577$494,161$1,002,798
59$1,086,456$583,424$476,722$1,060,680
60$1,162,211$576,947$457,628$1,123,487
61$1,244,587$569,049$436,790$1,191,705
62$1,334,227$559,624$414,114$1,265,872
63$1,431,834$548,562$389,503$1,346,578
64$1,538,186$535,746$362,856$1,434,476
65$1,654,135$521,051$334,066$1,530,285
66$1,780,620$504,347$303,021$1,634,797
67$1,918,677$485,494$269,606$1,748,886
68$2,069,444$464,344$233,699$1,873,513
69$2,234,173$440,743$195,173$2,009,741
70$2,414,244$414,525$153,897$2,158,740
71$2,611,176$385,516$109,732$2,321,798
72$2,826,642$353,532$62,534$2,500,339
73$3,062,483$318,378$12,152$2,695,928
74$3,320,727$279,849$0$2,910,294
75$3,603,606$237,727$0$3,151,557
76$3,913,580$191,782$0$3,417,943
77$4,253,358$141,772$0$3,709,972
78$4,625,921$87,439$0$4,030,224
79$5,034,556$28,514$0$4,381,538
80$5,482,880$0$0$4,767,044
81$5,974,879$0$0$5,192,906
82$6,514,944$0$0$5,662,802
83$7,107,910$0$0$6,178,743
84$7,759,105$0$0$6,745,369
85$8,474,396$0$0$7,367,786
86$9,260,249$0$0$8,051,624
87$10,123,785$0$0$8,803,081
88$11,072,850$0$0$9,628,987
89$12,116,087$0$0$10,536,868
90$13,263,020$0$0$11,535,013
91$14,524,138$0$0$12,632,555
92$15,911,003$0$0$13,839,558
93$17,436,347$0$0$15,167,106
94$19,114,203$0$0$16,627,416
95$20,960,030$0$0$18,233,946
96$22,990,860$0$0$20,001,523
97$25,225,462$0$0$21,946,486
98$27,684,514$0$0$24,086,837
99$30,390,799$0$0$26,442,411
100$33,369,424$0$0$29,035,062