Can I retire at age 50 with 563,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$46,492$46,078$45,674$45,279$44,894$44,297
2 years$23,016$22,587$22,172$21,769$21,378$20,777
3 years$15,191$14,761$14,347$13,948$13,563$12,977
4 years$11,280$10,851$10,441$10,048$9,673$9,107
5 years$8,934$8,507$8,102$7,718$7,354$6,809
6 years$7,370$6,947$6,548$6,172$5,819$5,296
7 years$6,254$5,834$5,441$5,075$4,732$4,231
8 years$5,417$5,001$4,615$4,257$3,926$3,447
9 years$4,766$4,354$3,975$3,626$3,306$2,849
10 years$4,246$3,838$3,465$3,126$2,817$2,382
11 years$3,821$3,417$3,051$2,720$2,423$2,009
12 years$3,466$3,067$2,707$2,386$2,099$1,706
13 years$3,167$2,771$2,419$2,106$1,831$1,457
14 years$2,910$2,519$2,173$1,870$1,605$1,251
15 years$2,688$2,301$1,962$1,668$1,413$1,078
16 years$2,494$2,111$1,779$1,493$1,249$933
17 years$2,323$1,944$1,619$1,342$1,107$809
18 years$2,171$1,797$1,478$1,209$985$703
19 years$2,036$1,665$1,353$1,092$878$613
20 years$1,913$1,547$1,242$989$784$535
21 years$1,803$1,441$1,142$898$701$467
22 years$1,703$1,345$1,053$816$629$409
23 years$1,612$1,258$972$744$564$358
24 years$1,528$1,179$899$678$507$314
25 years$1,452$1,106$832$619$456$276
26 years$1,381$1,040$772$566$411$242
27 years$1,315$979$717$518$371$213
28 years$1,255$922$666$475$335$187
29 years$1,198$870$620$436$302$165
30 years$1,146$822$578$400$273$145
31 years$1,097$777$539$367$247$128
32 years$1,051$735$503$337$223$113
33 years$1,008$696$469$310$202$99
34 years$968$660$438$285$183$88
35 years$930$626$410$263$166$77
36 years$894$594$383$242$150$68
37 years$860$564$359$223$136$60
38 years$829$536$336$206$123$53
39 years$798$510$315$190$112$47
40 years$770$485$295$175$101$41
41 years$743$462$277$161$92$36
42 years$717$440$260$149$84$32
43 years$692$419$244$137$76$28
44 years$669$399$229$127$69$25
45 years$647$381$215$117$62$22
46 years$625$363$202$108$57$20
47 years$605$347$189$100$51$17
48 years$586$331$178$92$47$15
49 years$567$316$167$85$42$13
50 years$550$302$157$79$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $563,000, adding $4,418 every year, while hoping to spend $35,762 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: 43/47/10 Blend
49$563,000$563,000$563,000$563,000
50$624,983$595,144$586,418$649,865
51$650,681$586,256$568,012$658,750
52$677,801$575,733$547,791$664,408
53$706,452$563,459$525,657$669,732
54$736,749$549,307$501,506$674,705
55$768,821$533,147$475,230$679,312
56$802,808$514,838$446,717$683,539
57$838,862$494,233$415,850$687,372
58$877,149$471,174$382,504$690,801
59$917,853$445,496$346,552$693,818
60$961,172$417,023$307,860$696,416
61$1,007,325$385,571$266,287$698,594
62$1,056,551$350,943$221,687$700,354
63$1,109,113$312,933$173,907$701,701
64$1,165,297$271,321$122,787$702,647
65$1,225,418$225,876$68,161$703,211
66$1,289,821$176,355$9,855$703,417
67$1,358,884$122,498$0$703,299
68$1,433,023$64,033$0$708,488
69$1,512,694$673$0$714,935
70$1,598,397$0$0$721,675
71$1,690,680$0$0$763,920
72$1,790,148$0$0$809,881
73$1,897,462$0$0$859,523
74$2,013,351$0$0$913,191
75$2,138,615$0$0$971,261
76$2,274,133$0$0$1,034,150
77$2,420,870$0$0$1,102,314
78$2,579,891$0$0$1,176,255
79$2,752,363$0$0$1,256,526
80$2,939,570$0$0$1,343,733
81$3,142,926$0$0$1,438,545
82$3,363,985$0$0$1,541,697
83$3,604,458$0$0$1,653,998
84$3,866,225$0$0$1,776,338
85$4,151,357$0$0$1,909,695
86$4,462,132$0$0$2,055,149
87$4,801,057$0$0$2,213,885
88$5,170,892$0$0$2,387,209
89$5,574,673$0$0$2,576,558
90$6,015,746$0$0$2,783,515
91$6,497,790$0$0$3,009,823
92$7,024,859$0$0$3,257,399
93$7,601,414$0$0$3,528,357
94$8,232,368$0$0$3,825,021
95$8,923,131$0$0$4,149,953
96$9,679,661$0$0$4,505,973
97$10,508,517$0$0$4,896,189
98$11,416,925$0$0$5,324,021
99$12,412,841$0$0$5,793,236
100$13,505,030$0$0$6,307,986