Can I retire at age 50 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$46,492$46,078$45,674$45,279$44,894$44,205
2 years$23,016$22,587$22,172$21,769$21,378$20,686
3 years$15,191$14,761$14,347$13,948$13,563$12,889
4 years$11,280$10,851$10,441$10,048$9,673$9,022
5 years$8,934$8,507$8,102$7,718$7,354$6,727
6 years$7,370$6,947$6,548$6,172$5,819$5,218
7 years$6,254$5,834$5,441$5,075$4,732$4,158
8 years$5,417$5,001$4,615$4,257$3,926$3,377
9 years$4,766$4,354$3,975$3,626$3,306$2,783
10 years$4,246$3,838$3,465$3,126$2,817$2,320
11 years$3,821$3,417$3,051$2,720$2,423$1,950
12 years$3,466$3,067$2,707$2,386$2,099$1,651
13 years$3,167$2,771$2,419$2,106$1,831$1,406
14 years$2,910$2,519$2,173$1,870$1,605$1,203
15 years$2,688$2,301$1,962$1,668$1,413$1,033
16 years$2,494$2,111$1,779$1,493$1,249$890
17 years$2,323$1,944$1,619$1,342$1,107$770
18 years$2,171$1,797$1,478$1,209$985$667
19 years$2,036$1,665$1,353$1,092$878$579
20 years$1,913$1,547$1,242$989$784$503
21 years$1,803$1,441$1,142$898$701$438
22 years$1,703$1,345$1,053$816$629$382
23 years$1,612$1,258$972$744$564$333
24 years$1,528$1,179$899$678$507$291
25 years$1,452$1,106$832$619$456$255
26 years$1,381$1,040$772$566$411$223
27 years$1,315$979$717$518$371$195
28 years$1,255$922$666$475$335$171
29 years$1,198$870$620$436$302$150
30 years$1,146$822$578$400$273$131
31 years$1,097$777$539$367$247$115
32 years$1,051$735$503$337$223$101
33 years$1,008$696$469$310$202$89
34 years$968$660$438$285$183$78
35 years$930$626$410$263$166$68
36 years$894$594$383$242$150$60
37 years$860$564$359$223$136$53
38 years$829$536$336$206$123$46
39 years$798$510$315$190$112$41
40 years$770$485$295$175$101$36
41 years$743$462$277$161$92$31
42 years$717$440$260$149$84$28
43 years$692$419$244$137$76$24
44 years$669$399$229$127$69$21
45 years$647$381$215$117$62$19
46 years$625$363$202$108$57$17
47 years$605$347$189$100$51$15
48 years$586$331$178$92$47$13
49 years$567$316$167$85$42$11
50 years$550$302$157$79$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $563,000, adding $5,149 every year, while hoping to spend $39,430 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: 58/18/24 Blend
49$563,000$563,000$563,000$563,000
50$625,737$595,898$587,172$657,702
51$647,609$583,144$564,889$667,339
52$670,391$568,443$540,538$673,185
53$694,133$551,659$514,008$678,714
54$718,890$532,646$485,183$683,905
55$744,722$511,252$453,942$688,738
56$771,694$487,313$420,159$693,191
57$799,873$460,657$383,701$697,243
58$829,334$431,104$344,429$700,873
59$860,159$398,461$302,200$704,062
60$892,434$362,524$256,863$706,788
61$926,254$323,080$208,260$709,034
62$961,722$279,901$156,226$710,781
63$998,949$232,747$100,591$712,013
64$1,038,055$181,365$41,174$712,715
65$1,079,173$125,488$0$712,873
66$1,122,444$64,832$0$718,171
67$1,168,025$0$0$734,531
68$1,216,084$0$0$751,624
69$1,266,807$0$0$783,236
70$1,320,394$0$0$816,653
71$1,377,064$0$0$852,015
72$1,437,057$0$0$889,474
73$1,500,635$0$0$929,195
74$1,568,083$0$0$971,362
75$1,639,714$0$0$1,016,173
76$1,715,870$0$0$1,063,844
77$1,796,924$0$0$1,114,615
78$1,883,285$0$0$1,168,746
79$1,975,402$0$0$1,226,522
80$2,073,766$0$0$1,288,256
81$2,178,915$0$0$1,354,291
82$2,291,438$0$0$1,425,002
83$2,411,981$0$0$1,500,801
84$2,541,255$0$0$1,582,141
85$2,680,038$0$0$1,669,518
86$2,829,182$0$0$1,763,477
87$2,989,627$0$0$1,864,615
88$3,162,401$0$0$1,973,589
89$3,348,634$0$0$2,091,119
90$3,549,569$0$0$2,217,999
91$3,766,569$0$0$2,355,099
92$4,001,135$0$0$2,503,375
93$4,254,912$0$0$2,663,878
94$4,529,714$0$0$2,837,766
95$4,827,530$0$0$3,026,309
96$5,150,551$0$0$3,230,904
97$5,501,184$0$0$3,453,090
98$5,882,078$0$0$3,694,556
99$6,296,146$0$0$3,957,163
100$6,746,593$0$0$4,242,958