Can I retire at age 50 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$46,822$46,405$45,998$45,601$45,213$44,947
2 years$23,179$22,748$22,329$21,924$21,530$21,262
3 years$15,299$14,866$14,449$14,047$13,660$13,397
4 years$11,360$10,928$10,515$10,120$9,742$9,488
5 years$8,997$8,568$8,160$7,773$7,406$7,160
6 years$7,423$6,996$6,594$6,216$5,860$5,623
7 years$6,298$5,875$5,480$5,111$4,766$4,538
8 years$5,455$5,036$4,647$4,287$3,954$3,735
9 years$4,800$4,385$4,003$3,652$3,330$3,120
10 years$4,276$3,865$3,490$3,148$2,837$2,637
11 years$3,848$3,441$3,072$2,740$2,440$2,248
12 years$3,491$3,088$2,727$2,403$2,114$1,932
13 years$3,189$2,791$2,436$2,121$1,844$1,669
14 years$2,931$2,537$2,189$1,883$1,616$1,450
15 years$2,708$2,318$1,976$1,679$1,423$1,265
16 years$2,512$2,126$1,792$1,504$1,258$1,108
17 years$2,340$1,958$1,630$1,351$1,115$973
18 years$2,187$1,809$1,488$1,218$992$857
19 years$2,050$1,677$1,363$1,100$884$756
20 years$1,927$1,558$1,250$996$789$669
21 years$1,816$1,452$1,150$904$706$592
22 years$1,715$1,355$1,060$822$633$525
23 years$1,623$1,267$979$749$568$467
24 years$1,539$1,187$905$683$511$415
25 years$1,462$1,114$838$624$460$370
26 years$1,391$1,047$778$570$414$329
27 years$1,325$986$722$522$373$294
28 years$1,264$929$671$478$337$262
29 years$1,207$876$625$439$304$234
30 years$1,154$827$582$403$275$209
31 years$1,105$782$542$370$249$187
32 years$1,059$740$506$340$225$167
33 years$1,015$701$473$312$203$150
34 years$975$664$442$287$184$134
35 years$937$630$413$265$167$120
36 years$901$598$386$244$151$107
37 years$867$568$361$225$137$96
38 years$834$540$338$207$124$86
39 years$804$513$317$191$113$77
40 years$775$488$297$176$102$69
41 years$748$465$279$162$93$62
42 years$722$443$261$150$84$56
43 years$697$422$245$138$76$50
44 years$674$402$230$128$69$45
45 years$651$383$216$118$63$40
46 years$630$366$203$109$57$36
47 years$610$349$191$101$52$32
48 years$590$333$179$93$47$29
49 years$571$318$169$86$43$26
50 years$554$304$158$79$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $567,000, adding $3,363 every year, while hoping to spend $58,579 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: 76/19/5 Blend
49$567,000$567,000$567,000$567,000
50$628,303$598,252$589,463$675,607
51$630,062$565,239$546,883$674,124
52$630,038$528,644$500,913$664,608
53$627,985$488,232$451,377$652,454
54$623,635$443,750$398,093$637,376
55$616,686$394,934$340,869$619,060
56$606,805$341,504$279,506$597,162
57$593,624$283,162$213,794$571,302
58$576,734$219,597$143,517$541,064
59$555,682$150,478$68,445$505,993
60$529,966$75,456$0$465,586
61$499,031$0$0$419,915
62$462,264$0$0$372,911
63$418,986$0$0$336,216
64$368,444$0$0$293,423
65$309,809$0$0$243,838
66$242,162$0$0$186,690
67$164,489$0$0$121,129
68$75,668$0$0$46,216
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0