Can I retire at age 50 with 566,000?

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 $566,000?

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$46,740$46,323$45,917$45,521$45,134$44,700
2 years$23,138$22,708$22,290$21,885$21,492$21,055
3 years$15,272$14,840$14,423$14,022$13,636$13,209
4 years$11,340$10,909$10,496$10,102$9,725$9,312
5 years$8,981$8,553$8,146$7,759$7,393$6,994
6 years$7,409$6,984$6,583$6,205$5,850$5,467
7 years$6,287$5,865$5,470$5,102$4,757$4,390
8 years$5,446$5,027$4,639$4,280$3,947$3,595
9 years$4,792$4,377$3,996$3,645$3,324$2,987
10 years$4,269$3,858$3,484$3,142$2,832$2,510
11 years$3,841$3,435$3,067$2,735$2,436$2,129
12 years$3,485$3,083$2,722$2,399$2,111$1,819
13 years$3,184$2,786$2,432$2,118$1,840$1,563
14 years$2,926$2,532$2,185$1,880$1,613$1,350
15 years$2,703$2,313$1,973$1,677$1,421$1,170
16 years$2,508$2,123$1,789$1,501$1,255$1,018
17 years$2,336$1,955$1,628$1,349$1,113$889
18 years$2,183$1,806$1,486$1,215$990$778
19 years$2,046$1,674$1,360$1,098$882$682
20 years$1,924$1,556$1,248$995$788$599
21 years$1,813$1,449$1,148$903$705$527
22 years$1,712$1,353$1,058$821$632$465
23 years$1,620$1,265$977$748$567$410
24 years$1,536$1,185$904$682$510$362
25 years$1,459$1,112$837$623$459$320
26 years$1,388$1,045$776$569$413$283
27 years$1,322$984$721$521$373$251
28 years$1,261$927$670$477$336$222
29 years$1,205$875$624$438$304$197
30 years$1,152$826$581$402$274$175
31 years$1,103$781$541$369$248$155
32 years$1,057$739$505$339$224$138
33 years$1,014$700$472$312$203$122
34 years$973$663$441$287$184$109
35 years$935$629$412$264$167$96
36 years$899$597$385$243$151$86
37 years$865$567$361$224$137$76
38 years$833$539$338$207$124$68
39 years$803$512$317$191$112$60
40 years$774$487$297$176$102$54
41 years$747$464$278$162$93$48
42 years$721$442$261$150$84$42
43 years$696$421$245$138$76$38
44 years$672$401$230$128$69$34
45 years$650$383$216$118$63$30
46 years$629$365$203$109$57$27
47 years$608$348$190$101$52$24
48 years$589$333$179$93$47$21
49 years$570$318$168$86$43$19
50 years$553$303$158$79$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $566,000, adding $5,327 every year, while hoping to spend $26,123 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: 75/18/7 Blend
49$566,000$566,000$566,000$566,000
50$629,227$599,229$590,456$675,437
51$665,613$600,796$582,441$708,145
52$704,836$601,565$573,283$740,122
53$747,156$601,469$562,915$774,410
54$792,861$600,436$551,267$811,229
55$842,267$598,391$538,269$850,821
56$895,721$595,255$523,844$893,452
57$953,605$590,944$507,914$939,416
58$1,016,339$585,366$490,395$989,038
59$1,084,383$578,427$471,201$1,042,673
60$1,158,247$570,026$450,243$1,100,717
61$1,238,487$560,056$427,424$1,163,604
62$1,325,717$548,404$402,648$1,231,812
63$1,420,614$534,949$375,810$1,305,869
64$1,523,919$519,564$346,803$1,386,359
65$1,636,452$502,116$315,513$1,473,924
66$1,759,111$482,461$281,824$1,569,272
67$1,892,887$460,448$245,612$1,673,184
68$2,038,871$435,919$206,749$1,786,522
69$2,198,261$408,705$165,101$1,910,237
70$2,372,379$378,627$120,527$2,045,376
71$2,562,679$345,497$72,882$2,193,094
72$2,770,762$309,115$22,013$2,354,668
73$2,998,389$269,272$0$2,531,501
74$3,247,503$225,744$0$2,727,555
75$3,520,239$178,296$0$2,944,040
76$3,818,951$126,680$0$3,181,207
77$4,146,231$70,635$0$3,441,151
78$4,504,932$9,882$0$3,726,176
79$4,898,198$0$0$4,038,826
80$5,329,491$0$0$4,392,970
81$5,802,624$0$0$4,783,641
82$6,321,796$0$0$5,212,352
83$6,891,634$0$0$5,682,925
84$7,517,233$0$0$6,199,573
85$8,204,207$0$0$6,766,934
86$8,958,739$0$0$7,390,119
87$9,787,640$0$0$8,074,757
88$10,698,416$0$0$8,827,049
89$11,699,333$0$0$9,653,828
90$12,799,498$0$0$10,562,621
91$14,008,945$0$0$11,561,720
92$15,338,729$0$0$12,660,261
93$16,801,028$0$0$13,868,309
94$18,409,260$0$0$15,196,954
95$20,178,210$0$0$16,658,415
96$22,124,166$0$0$18,266,153
97$24,265,074$0$0$20,035,000
98$26,620,709$0$0$21,981,299
99$29,212,857$0$0$24,123,057
100$32,065,524$0$0$26,480,113