Can I retire at age 50 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$46,987$46,569$46,161$45,762$45,373$44,713
2 years$23,261$22,828$22,408$22,001$21,606$20,943
3 years$15,353$14,918$14,499$14,096$13,708$13,062
4 years$11,400$10,967$10,552$10,156$9,777$9,153
5 years$9,029$8,598$8,189$7,800$7,432$6,832
6 years$7,449$7,021$6,618$6,238$5,881$5,305
7 years$6,320$5,896$5,499$5,129$4,783$4,232
8 years$5,475$5,054$4,664$4,302$3,968$3,441
9 years$4,817$4,400$4,017$3,665$3,341$2,840
10 years$4,291$3,879$3,502$3,159$2,847$2,369
11 years$3,861$3,453$3,083$2,749$2,448$1,994
12 years$3,503$3,099$2,736$2,411$2,122$1,691
13 years$3,201$2,801$2,445$2,129$1,850$1,442
14 years$2,942$2,546$2,197$1,890$1,622$1,235
15 years$2,717$2,326$1,983$1,685$1,428$1,062
16 years$2,521$2,134$1,798$1,509$1,262$917
17 years$2,348$1,965$1,636$1,356$1,119$793
18 years$2,194$1,816$1,494$1,222$995$688
19 years$2,057$1,683$1,367$1,104$887$598
20 years$1,934$1,564$1,255$1,000$792$521
21 years$1,822$1,457$1,154$908$709$454
22 years$1,721$1,360$1,064$825$635$397
23 years$1,629$1,272$982$752$570$347
24 years$1,545$1,192$908$685$513$304
25 years$1,467$1,118$841$626$461$266
26 years$1,395$1,051$780$572$416$233
27 years$1,329$989$725$524$375$204
28 years$1,268$932$674$480$338$179
29 years$1,211$879$627$440$305$157
30 years$1,158$830$584$404$276$138
31 years$1,109$785$544$371$249$121
32 years$1,062$743$508$341$226$107
33 years$1,019$703$474$314$204$94
34 years$978$667$443$288$185$83
35 years$940$632$414$266$167$73
36 years$904$600$388$245$152$64
37 years$870$570$363$225$137$56
38 years$837$542$340$208$125$49
39 years$807$515$318$192$113$44
40 years$778$490$298$177$103$38
41 years$750$466$280$163$93$34
42 years$724$444$262$150$84$30
43 years$700$423$246$139$77$26
44 years$676$403$231$128$70$23
45 years$654$385$217$118$63$20
46 years$632$367$204$109$57$18
47 years$612$350$191$101$52$16
48 years$592$334$180$93$47$14
49 years$573$319$169$86$43$12
50 years$556$305$159$80$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $569,000, adding $4,464 every year, while hoping to spend $38,549 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: 47/30/23 Blend
49$569,000$569,000$569,000$569,000
50$631,643$601,486$592,666$656,996
51$655,054$589,943$571,505$663,669
52$679,562$576,542$548,342$666,730
53$705,237$561,152$523,071$669,271
54$732,156$543,633$495,579$671,262
55$760,402$523,838$465,747$672,672
56$790,068$501,610$433,454$673,468
57$821,250$476,785$398,570$673,620
58$854,057$449,186$360,962$673,096
59$888,604$418,630$320,488$671,866
60$925,020$384,921$277,002$669,899
61$963,442$347,853$230,352$667,165
62$1,004,022$307,206$180,377$663,636
63$1,046,923$262,750$126,911$659,284
64$1,092,326$214,241$69,779$654,086
65$1,140,426$161,422$8,799$648,017
66$1,191,438$104,020$0$641,060
67$1,245,596$41,748$0$647,007
68$1,303,155$0$0$655,239
69$1,364,397$0$0$672,122
70$1,429,628$0$0$704,819
71$1,499,183$0$0$739,722
72$1,573,430$0$0$777,019
73$1,652,773$0$0$816,919
74$1,737,652$0$0$859,649
75$1,828,552$0$0$905,459
76$1,926,005$0$0$954,623
77$2,030,592$0$0$1,007,440
78$2,142,953$0$0$1,064,242
79$2,263,791$0$0$1,125,389
80$2,393,874$0$0$1,191,281
81$2,534,051$0$0$1,262,353
82$2,685,249$0$0$1,339,085
83$2,848,490$0$0$1,422,005
84$3,024,897$0$0$1,511,693
85$3,215,701$0$0$1,608,785
86$3,422,259$0$0$1,713,982
87$3,646,061$0$0$1,828,053
88$3,888,744$0$0$1,951,847
89$4,152,110$0$0$2,086,292
90$4,438,142$0$0$2,232,416
91$4,749,018$0$0$2,391,343
92$5,087,136$0$0$2,564,314
93$5,455,134$0$0$2,752,694
94$5,855,915$0$0$2,957,983
95$6,292,673$0$0$3,181,834
96$6,768,923$0$0$3,426,066
97$7,288,534$0$0$3,692,678
98$7,855,765$0$0$3,983,876
99$8,475,302$0$0$4,302,084
100$9,152,308$0$0$4,649,972