Can I retire at age 50 with 562,000?

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 $562,000?

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$46,409$45,996$45,593$45,199$44,815$43,380
2 years$22,975$22,547$22,132$21,730$21,340$19,908
3 years$15,164$14,735$14,321$13,923$13,539$12,155
4 years$11,260$10,832$10,422$10,031$9,656$8,330
5 years$8,918$8,492$8,088$7,704$7,341$6,076
6 years$7,357$6,934$6,536$6,161$5,808$4,606
7 years$6,243$5,824$5,432$5,066$4,724$3,584
8 years$5,407$4,992$4,607$4,249$3,919$2,841
9 years$4,758$4,346$3,968$3,620$3,300$2,283
10 years$4,238$3,831$3,459$3,120$2,812$1,853
11 years$3,814$3,411$3,045$2,715$2,418$1,517
12 years$3,460$3,061$2,703$2,382$2,096$1,250
13 years$3,161$2,766$2,415$2,103$1,827$1,035
14 years$2,905$2,515$2,170$1,867$1,602$860
15 years$2,684$2,297$1,959$1,665$1,410$717
16 years$2,490$2,108$1,776$1,491$1,247$600
17 years$2,319$1,941$1,616$1,339$1,105$503
18 years$2,167$1,794$1,475$1,207$983$423
19 years$2,032$1,662$1,350$1,091$876$355
20 years$1,910$1,545$1,239$988$782$299
21 years$1,800$1,439$1,140$896$700$252
22 years$1,700$1,343$1,051$815$628$213
23 years$1,609$1,256$970$742$563$180
24 years$1,526$1,177$897$677$506$152
25 years$1,449$1,104$831$618$456$129
26 years$1,378$1,038$771$565$410$109
27 years$1,313$977$716$517$370$92
28 years$1,253$921$665$474$334$78
29 years$1,196$868$619$435$302$66
30 years$1,144$820$577$399$272$56
31 years$1,095$775$538$366$246$47
32 years$1,049$734$502$337$223$40
33 years$1,006$695$468$310$202$34
34 years$966$658$438$285$183$29
35 years$928$625$409$262$165$24
36 years$893$593$383$242$150$21
37 years$859$563$358$223$136$18
38 years$827$535$335$205$123$15
39 years$797$509$314$189$112$13
40 years$768$484$295$174$101$11
41 years$741$461$276$161$92$9
42 years$716$439$259$149$83$8
43 years$691$418$243$137$76$7
44 years$668$399$228$127$69$6
45 years$646$380$214$117$62$5
46 years$624$363$201$108$57$4
47 years$604$346$189$100$51$3
48 years$585$330$178$92$47$3
49 years$566$315$167$85$42$2
50 years$549$301$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $562,000, adding $4,305 every year, while hoping to spend $27,164 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: 22/48/30 Blend
49$562,000$562,000$562,000$562,000
50$623,765$593,979$585,268$631,519
51$658,486$594,181$575,972$639,024
52$695,839$593,483$565,454$644,519
53$736,063$591,812$553,645$649,821
54$779,421$589,091$540,472$654,932
55$826,202$585,236$525,858$659,858
56$876,724$580,163$509,724$664,607
57$931,337$573,777$491,986$669,192
58$990,423$565,982$472,557$673,629
59$1,054,405$556,674$451,347$677,941
60$1,123,746$545,743$428,259$682,155
61$1,198,957$533,073$403,194$686,305
62$1,280,597$518,540$376,048$690,434
63$1,369,284$502,015$346,712$694,590
64$1,465,697$483,359$315,072$698,835
65$1,570,581$462,426$281,010$703,239
66$1,684,757$439,063$244,401$707,884
67$1,809,130$413,105$205,116$712,867
68$1,944,694$384,379$163,020$718,301
69$2,092,543$352,704$117,971$724,315
70$2,253,881$317,885$69,822$731,059
71$2,430,034$279,719$18,418$738,702
72$2,622,463$237,990$0$747,442
73$2,832,772$192,470$0$769,163
74$3,062,733$142,918$0$799,507
75$3,314,291$89,081$0$832,914
76$3,589,591$30,688$0$869,770
77$3,890,995$0$0$910,502
78$4,221,104$0$0$972,780
79$4,582,780$0$0$1,058,871
80$4,979,178$0$0$1,153,330
81$5,413,770$0$0$1,256,997
82$5,890,382$0$0$1,370,798
83$6,413,227$0$0$1,495,753
84$6,986,946$0$0$1,632,985
85$7,616,652$0$0$1,783,731
86$8,307,974$0$0$1,949,356
87$9,067,115$0$0$2,131,360
88$9,900,907$0$0$2,331,398
89$10,816,879$0$0$2,551,293
90$11,823,321$0$0$2,793,054
91$12,929,368$0$0$3,058,892
92$14,145,085$0$0$3,351,246
93$15,481,557$0$0$3,672,800
94$16,951,001$0$0$4,026,515
95$18,566,873$0$0$4,415,650
96$20,344,000$0$0$4,843,797
97$22,298,718$0$0$5,314,914
98$24,449,026$0$0$5,833,362
99$26,814,755$0$0$6,403,947
100$29,417,753$0$0$7,031,961