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%12.3%
1 years$46,327$45,914$45,512$45,119$44,735$44,305
2 years$22,934$22,507$22,093$21,692$21,302$20,869
3 years$15,138$14,709$14,296$13,898$13,515$13,092
4 years$11,240$10,812$10,404$10,013$9,639$9,229
5 years$8,902$8,477$8,074$7,691$7,327$6,933
6 years$7,344$6,922$6,525$6,150$5,798$5,418
7 years$6,232$5,813$5,422$5,057$4,715$4,351
8 years$5,398$4,983$4,598$4,242$3,912$3,563
9 years$4,749$4,339$3,961$3,613$3,294$2,961
10 years$4,231$3,824$3,453$3,115$2,807$2,488
11 years$3,807$3,404$3,040$2,711$2,414$2,110
12 years$3,454$3,056$2,698$2,378$2,092$1,803
13 years$3,156$2,761$2,410$2,099$1,824$1,549
14 years$2,900$2,510$2,166$1,863$1,599$1,338
15 years$2,679$2,293$1,955$1,662$1,408$1,160
16 years$2,485$2,104$1,773$1,488$1,244$1,009
17 years$2,315$1,938$1,613$1,337$1,103$881
18 years$2,164$1,790$1,473$1,205$981$771
19 years$2,028$1,659$1,348$1,089$874$676
20 years$1,907$1,542$1,237$986$781$594
21 years$1,797$1,436$1,138$895$699$523
22 years$1,697$1,341$1,049$814$627$461
23 years$1,606$1,254$968$741$562$406
24 years$1,523$1,175$896$676$505$359
25 years$1,446$1,102$830$617$455$317
26 years$1,376$1,036$769$564$410$281
27 years$1,311$975$714$517$369$249
28 years$1,250$919$664$473$333$220
29 years$1,194$867$618$434$301$195
30 years$1,142$819$576$398$272$173
31 years$1,093$774$537$366$246$154
32 years$1,047$732$501$336$222$136
33 years$1,005$693$468$309$201$121
34 years$964$657$437$284$182$108
35 years$927$623$408$262$165$96
36 years$891$592$382$241$150$85
37 years$857$562$358$222$136$76
38 years$826$534$335$205$123$67
39 years$795$508$314$189$111$60
40 years$767$483$294$174$101$53
41 years$740$460$276$161$92$47
42 years$714$438$259$148$83$42
43 years$690$417$243$137$76$37
44 years$667$398$228$126$69$33
45 years$644$379$214$117$62$30
46 years$623$362$201$108$56$26
47 years$603$345$189$100$51$23
48 years$584$330$177$92$47$21
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 $5,932 every year, while hoping to spend $28,684 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: 60/11/29 Blend
49$561,000$561,000$561,000$561,000
50$624,341$594,608$585,912$656,566
51$657,504$593,224$575,021$677,865
52$693,089$590,811$562,803$697,527
53$731,311$587,288$549,184$718,387
54$772,409$582,570$534,087$740,569
55$816,644$576,565$517,428$764,213
56$864,303$569,178$499,123$789,469
57$915,701$560,306$479,082$816,508
58$971,183$549,842$457,212$845,519
59$1,031,129$537,670$433,414$876,710
60$1,095,958$523,670$407,588$910,313
61$1,166,129$507,713$379,625$946,585
62$1,242,147$489,663$349,414$985,810
63$1,324,565$469,376$316,840$1,028,304
64$1,413,996$446,701$281,779$1,074,418
65$1,511,110$421,475$244,105$1,124,537
66$1,616,645$393,530$203,684$1,179,091
67$1,731,415$362,684$160,379$1,238,555
68$1,856,311$328,748$114,044$1,303,453
69$1,992,318$291,520$64,528$1,374,369
70$2,140,518$250,788$11,673$1,451,946
71$2,302,101$206,327$0$1,536,895
72$2,478,379$157,900$0$1,643,846
73$2,670,792$105,256$0$1,764,583
74$2,880,930$48,130$0$1,896,510
75$3,110,540$0$0$2,040,748
76$3,361,546$0$0$2,200,202
77$3,636,067$0$0$2,381,009
78$3,936,437$0$0$2,578,883
79$4,265,223$0$0$2,795,524
80$4,625,254$0$0$3,032,801
81$5,019,645$0$0$3,292,771
82$5,451,826$0$0$3,577,704
83$5,925,576$0$0$3,890,095
84$6,445,054$0$0$4,232,696
85$7,014,844$0$0$4,608,534
86$7,639,993$0$0$5,020,948
87$8,326,061$0$0$5,473,611
88$9,079,171$0$0$5,970,573
89$9,906,070$0$0$6,516,292
90$10,814,189$0$0$7,115,682
91$11,811,713$0$0$7,774,153
92$12,907,660$0$0$8,497,668
93$14,111,966$0$0$9,292,793
94$15,435,574$0$0$10,166,764
95$16,890,542$0$0$11,127,553
96$18,490,154$0$0$12,183,942
97$20,249,044$0$0$13,345,605
98$22,183,338$0$0$14,623,203
99$24,310,800$0$0$16,028,482
100$26,651,002$0$0$17,574,381