Can I retire at age 50 with 566,000?

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 $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%20%
1 years$46,740$46,323$45,917$45,521$45,134$43,326
2 years$23,138$22,708$22,290$21,885$21,492$19,694
3 years$15,272$14,840$14,423$14,022$13,636$11,903
4 years$11,340$10,909$10,496$10,102$9,725$8,071
5 years$8,981$8,553$8,146$7,759$7,393$5,822
6 years$7,409$6,984$6,583$6,205$5,850$4,363
7 years$6,287$5,865$5,470$5,102$4,757$3,354
8 years$5,446$5,027$4,639$4,280$3,947$2,626
9 years$4,792$4,377$3,996$3,645$3,324$2,083
10 years$4,269$3,858$3,484$3,142$2,832$1,669
11 years$3,841$3,435$3,067$2,735$2,436$1,348
12 years$3,485$3,083$2,722$2,399$2,111$1,095
13 years$3,184$2,786$2,432$2,118$1,840$893
14 years$2,926$2,532$2,185$1,880$1,613$732
15 years$2,703$2,313$1,973$1,677$1,421$601
16 years$2,508$2,123$1,789$1,501$1,255$495
17 years$2,336$1,955$1,628$1,349$1,113$409
18 years$2,183$1,806$1,486$1,215$990$338
19 years$2,046$1,674$1,360$1,098$882$280
20 years$1,924$1,556$1,248$995$788$232
21 years$1,813$1,449$1,148$903$705$193
22 years$1,712$1,353$1,058$821$632$160
23 years$1,620$1,265$977$748$567$133
24 years$1,536$1,185$904$682$510$110
25 years$1,459$1,112$837$623$459$92
26 years$1,388$1,045$776$569$413$76
27 years$1,322$984$721$521$373$64
28 years$1,261$927$670$477$336$53
29 years$1,205$875$624$438$304$44
30 years$1,152$826$581$402$274$37
31 years$1,103$781$541$369$248$31
32 years$1,057$739$505$339$224$25
33 years$1,014$700$472$312$203$21
34 years$973$663$441$287$184$18
35 years$935$629$412$264$167$15
36 years$899$597$385$243$151$12
37 years$865$567$361$224$137$10
38 years$833$539$338$207$124$8
39 years$803$512$317$191$112$7
40 years$774$487$297$176$102$6
41 years$747$464$278$162$93$5
42 years$721$442$261$150$84$4
43 years$696$421$245$138$76$3
44 years$672$401$230$128$69$3
45 years$650$383$216$118$63$2
46 years$629$365$203$109$57$2
47 years$608$348$190$101$52$2
48 years$589$333$179$93$47$1
49 years$570$318$168$86$43$1
50 years$553$303$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $566,000, adding $3,760 every year, while hoping to spend $43,422 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: 55/37/8 Blend
49$566,000$566,000$566,000$566,000
50$627,610$597,612$588,839$660,733
51$645,426$580,695$562,365$666,627
52$663,603$561,493$533,548$667,921
53$682,134$539,849$502,265$668,281
54$701,006$515,596$468,385$667,624
55$720,206$488,557$431,773$665,862
56$739,716$458,546$392,287$662,901
57$759,518$425,365$349,779$658,640
58$779,586$388,805$304,094$652,971
59$799,892$348,646$255,070$645,778
60$820,405$304,653$202,539$636,936
61$841,087$256,581$146,324$626,313
62$861,893$204,169$86,241$613,766
63$882,774$147,142$22,099$599,142
64$903,674$85,209$0$582,279
65$924,528$18,063$0$566,956
66$945,263$0$0$551,300
67$965,794$0$0$555,477
68$986,030$0$0$566,800
69$1,005,864$0$0$577,850
70$1,025,178$0$0$588,554
71$1,043,838$0$0$598,831
72$1,061,695$0$0$608,588
73$1,078,583$0$0$617,725
74$1,094,314$0$0$626,125
75$1,108,679$0$0$633,662
76$1,121,447$0$0$640,193
77$1,132,356$0$0$645,561
78$1,141,119$0$0$649,588
79$1,147,413$0$0$652,079
80$1,150,881$0$0$652,815
81$1,151,126$0$0$651,554
82$1,147,705$0$0$648,027
83$1,140,129$0$0$641,936
84$1,127,854$0$0$632,949
85$1,110,277$0$0$620,701
86$1,086,730$0$0$604,783
87$1,056,472$0$0$584,747
88$1,018,683$0$0$560,092
89$972,455$0$0$530,267
90$916,782$0$0$494,661
91$850,552$0$0$452,598
92$772,535$0$0$403,329
93$681,370$0$0$346,030
94$575,553$0$0$279,785
95$453,419$0$0$203,584
96$313,131$0$0$116,312
97$152,658$0$0$16,735
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0