Can I retire at age 50 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$46,905$46,487$46,079$45,682$45,293$43,738
2 years$23,220$22,788$22,369$21,962$21,568$20,018
3 years$15,326$14,892$14,474$14,071$13,684$12,186
4 years$11,380$10,947$10,533$10,138$9,759$8,326
5 years$9,013$8,583$8,174$7,787$7,419$6,054
6 years$7,436$7,008$6,606$6,227$5,870$4,574
7 years$6,309$5,886$5,490$5,120$4,774$3,547
8 years$5,465$5,045$4,656$4,295$3,961$2,802
9 years$4,808$4,393$4,010$3,658$3,335$2,243
10 years$4,284$3,872$3,496$3,153$2,842$1,814
11 years$3,855$3,447$3,078$2,744$2,444$1,479
12 years$3,497$3,094$2,731$2,407$2,118$1,214
13 years$3,195$2,796$2,440$2,125$1,847$1,001
14 years$2,936$2,541$2,193$1,887$1,619$829
15 years$2,712$2,322$1,980$1,682$1,426$688
16 years$2,516$2,130$1,795$1,506$1,260$573
17 years$2,344$1,962$1,633$1,354$1,117$478
18 years$2,191$1,813$1,491$1,220$993$400
19 years$2,054$1,680$1,365$1,102$885$335
20 years$1,930$1,561$1,253$998$791$281
21 years$1,819$1,454$1,152$906$708$236
22 years$1,718$1,357$1,062$824$634$198
23 years$1,626$1,270$981$750$569$166
24 years$1,542$1,189$907$684$512$140
25 years$1,464$1,116$840$625$461$118
26 years$1,393$1,049$779$571$415$99
27 years$1,327$987$723$523$374$84
28 years$1,266$930$672$479$337$70
29 years$1,209$878$626$439$305$59
30 years$1,156$829$583$403$275$50
31 years$1,107$784$543$370$249$42
32 years$1,061$741$507$340$225$36
33 years$1,017$702$473$313$204$30
34 years$976$665$442$288$185$25
35 years$938$631$414$265$167$21
36 years$902$599$387$244$151$18
37 years$868$569$362$225$137$15
38 years$836$541$339$207$124$13
39 years$805$514$318$191$113$11
40 years$777$489$298$176$102$9
41 years$749$466$279$163$93$8
42 years$723$443$262$150$84$6
43 years$698$423$246$139$76$5
44 years$675$403$231$128$69$5
45 years$652$384$217$118$63$4
46 years$631$366$203$109$57$3
47 years$611$350$191$101$52$3
48 years$591$334$180$93$47$2
49 years$572$319$169$86$43$2
50 years$555$304$159$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $568,000, adding $3,153 every year, while hoping to spend $20,082 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: 71/15/14 Blend
49$568,000$568,000$568,000$568,000
50$629,188$599,084$590,280$671,688
51$671,998$607,072$588,688$708,290
52$718,502$614,779$586,368$745,609
53$769,055$622,168$583,277$785,937
54$824,048$629,204$579,367$829,566
55$883,912$635,846$574,586$876,820
56$949,119$642,051$568,884$928,056
57$1,020,192$647,775$562,204$983,665
58$1,097,704$652,968$554,490$1,044,081
59$1,182,286$657,579$545,681$1,109,782
60$1,274,632$661,553$535,715$1,181,291
61$1,375,508$664,833$524,525$1,259,191
62$1,485,756$667,356$512,042$1,344,119
63$1,606,302$669,055$498,194$1,436,780
64$1,738,167$669,861$482,906$1,537,952
65$1,882,475$669,699$466,099$1,648,489
66$2,040,464$668,491$447,689$1,769,336
67$2,213,495$666,151$427,591$1,901,534
68$2,403,071$662,591$405,714$2,046,230
69$2,610,842$657,717$381,964$2,204,687
70$2,838,631$651,427$356,242$2,378,301
71$3,088,440$643,616$328,445$2,568,609
72$3,362,478$634,171$298,466$2,777,303
73$3,663,177$622,972$266,191$3,006,253
74$3,993,216$609,892$231,503$3,257,518
75$4,355,546$594,798$194,280$3,533,367
76$4,753,416$577,548$154,393$3,836,302
77$5,190,407$557,991$111,708$4,169,083
78$5,670,464$535,968$66,085$4,534,750
79$6,197,932$511,310$17,380$4,936,656
80$6,777,598$483,841$0$5,378,496
81$7,414,735$453,372$0$5,869,512
82$8,115,153$419,702$0$6,412,132
83$8,885,254$382,623$0$7,008,734
84$9,732,089$341,911$0$7,664,799
85$10,663,428$297,330$0$8,386,370
86$11,687,832$248,634$0$9,180,106
87$12,814,733$195,558$0$10,053,344
88$14,054,521$137,826$0$11,014,171
89$15,418,647$75,145$0$12,071,500
90$16,919,728$7,206$0$13,235,153
91$18,571,662$0$0$14,515,955
92$20,389,766$0$0$15,936,780
93$22,390,917$0$0$17,501,998
94$24,593,709$0$0$19,224,968
95$27,018,632$0$0$21,121,720
96$29,688,262$0$0$23,209,919
97$32,627,477$0$0$25,509,028
98$35,863,689$0$0$28,040,495
99$39,427,102$0$0$30,827,953
100$43,351,002$0$0$33,897,441