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%12.5%
1 years$46,905$46,487$46,079$45,682$45,293$44,820
2 years$23,220$22,788$22,369$21,962$21,568$21,092
3 years$15,326$14,892$14,474$14,071$13,684$13,219
4 years$11,380$10,947$10,533$10,138$9,759$9,309
5 years$9,013$8,583$8,174$7,787$7,419$6,985
6 years$7,436$7,008$6,606$6,227$5,870$5,454
7 years$6,309$5,886$5,490$5,120$4,774$4,375
8 years$5,465$5,045$4,656$4,295$3,961$3,578
9 years$4,808$4,393$4,010$3,658$3,335$2,970
10 years$4,284$3,872$3,496$3,153$2,842$2,493
11 years$3,855$3,447$3,078$2,744$2,444$2,112
12 years$3,497$3,094$2,731$2,407$2,118$1,802
13 years$3,195$2,796$2,440$2,125$1,847$1,546
14 years$2,936$2,541$2,193$1,887$1,619$1,333
15 years$2,712$2,322$1,980$1,682$1,426$1,155
16 years$2,516$2,130$1,795$1,506$1,260$1,003
17 years$2,344$1,962$1,633$1,354$1,117$875
18 years$2,191$1,813$1,491$1,220$993$764
19 years$2,054$1,680$1,365$1,102$885$669
20 years$1,930$1,561$1,253$998$791$587
21 years$1,819$1,454$1,152$906$708$516
22 years$1,718$1,357$1,062$824$634$454
23 years$1,626$1,270$981$750$569$400
24 years$1,542$1,189$907$684$512$353
25 years$1,464$1,116$840$625$461$311
26 years$1,393$1,049$779$571$415$275
27 years$1,327$987$723$523$374$243
28 years$1,266$930$672$479$337$215
29 years$1,209$878$626$439$305$190
30 years$1,156$829$583$403$275$169
31 years$1,107$784$543$370$249$149
32 years$1,061$741$507$340$225$132
33 years$1,017$702$473$313$204$117
34 years$976$665$442$288$185$104
35 years$938$631$414$265$167$92
36 years$902$599$387$244$151$82
37 years$868$569$362$225$137$73
38 years$836$541$339$207$124$64
39 years$805$514$318$191$113$57
40 years$777$489$298$176$102$51
41 years$749$466$279$163$93$45
42 years$723$443$262$150$84$40
43 years$698$423$246$139$76$36
44 years$675$403$231$128$69$32
45 years$652$384$217$118$63$28
46 years$631$366$203$109$57$25
47 years$611$350$191$101$52$22
48 years$591$334$180$93$47$20
49 years$572$319$169$86$43$18
50 years$555$304$159$80$39$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $568,000, adding $5,411 every year, while hoping to spend $43,628 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: 65/16/19 Blend
49$568,000$568,000$568,000$568,000
50$631,517$601,413$592,609$669,216
51$649,512$584,463$566,042$678,230
52$667,881$565,219$537,122$682,596
53$686,614$543,525$505,726$686,330
54$705,702$519,211$471,721$689,370
55$725,133$492,102$434,973$691,651
56$744,890$462,008$395,338$693,103
57$764,955$428,733$352,668$693,649
58$785,306$392,066$306,807$693,208
59$805,915$351,785$257,594$691,692
60$826,753$307,657$204,857$689,007
61$847,782$259,433$148,421$685,050
62$868,963$206,853$88,100$679,713
63$890,248$149,639$23,702$672,876
64$911,582$87,500$0$664,414
65$932,904$20,128$0$663,315
66$954,144$0$0$666,027
67$975,222$0$0$676,921
68$996,048$0$0$691,157
69$1,016,520$0$0$705,119
70$1,036,526$0$0$718,724
71$1,055,936$0$0$731,879
72$1,074,607$0$0$744,482
73$1,092,378$0$0$756,416
74$1,109,069$0$0$767,551
75$1,124,478$0$0$777,742
76$1,138,381$0$0$786,827
77$1,150,527$0$0$794,626
78$1,160,637$0$0$800,939
79$1,168,399$0$0$805,541
80$1,173,469$0$0$808,184
81$1,175,462$0$0$808,592
82$1,173,950$0$0$806,457
83$1,168,460$0$0$801,439
84$1,158,465$0$0$793,161
85$1,143,382$0$0$781,202
86$1,122,562$0$0$765,098
87$1,095,290$0$0$744,335
88$1,060,769$0$0$718,341
89$1,018,122$0$0$686,485
90$966,372$0$0$648,069
91$904,443$0$0$602,319
92$831,141$0$0$548,378
93$745,147$0$0$485,302
94$645,003$0$0$412,042
95$529,095$0$0$327,443
96$395,642$0$0$230,227
97$242,672$0$0$118,980
98$68,010$0$0$0
99$0$0$0$0
100$0$0$0$0