Can I retire at age 50 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$47,153$46,733$46,323$45,923$45,532$43,726
2 years$23,343$22,908$22,487$22,078$21,682$19,884
3 years$15,407$14,971$14,550$14,146$13,756$12,024
4 years$11,440$11,005$10,589$10,191$9,811$8,157
5 years$9,061$8,628$8,218$7,828$7,458$5,887
6 years$7,475$7,046$6,641$6,260$5,901$4,415
7 years$6,343$5,917$5,519$5,147$4,799$3,396
8 years$5,494$5,072$4,680$4,317$3,982$2,660
9 years$4,834$4,416$4,031$3,677$3,353$2,111
10 years$4,306$3,892$3,514$3,170$2,857$1,693
11 years$3,875$3,465$3,094$2,759$2,457$1,368
12 years$3,516$3,110$2,746$2,420$2,129$1,112
13 years$3,212$2,811$2,453$2,136$1,857$908
14 years$2,952$2,555$2,204$1,896$1,628$744
15 years$2,727$2,334$1,990$1,691$1,433$612
16 years$2,530$2,141$1,804$1,514$1,267$505
17 years$2,356$1,972$1,642$1,361$1,123$417
18 years$2,202$1,822$1,499$1,226$999$345
19 years$2,064$1,689$1,372$1,108$890$286
20 years$1,941$1,569$1,259$1,004$795$237
21 years$1,829$1,462$1,158$911$711$197
22 years$1,727$1,365$1,068$828$638$164
23 years$1,635$1,276$986$754$572$136
24 years$1,550$1,196$912$688$515$113
25 years$1,472$1,122$844$628$463$94
26 years$1,400$1,055$783$574$417$78
27 years$1,334$993$727$526$376$65
28 years$1,273$935$676$482$339$54
29 years$1,216$882$629$442$306$45
30 years$1,162$833$586$405$277$38
31 years$1,113$788$546$372$250$31
32 years$1,066$745$510$342$226$26
33 years$1,023$706$476$315$205$22
34 years$982$669$445$290$185$18
35 years$943$635$416$267$168$15
36 years$907$602$389$245$152$13
37 years$873$572$364$226$138$11
38 years$840$544$341$208$125$9
39 years$810$517$319$192$113$7
40 years$781$492$299$177$103$6
41 years$753$468$281$164$93$5
42 years$727$446$263$151$85$4
43 years$702$425$247$139$77$4
44 years$678$405$232$129$70$3
45 years$656$386$218$119$63$2
46 years$634$368$205$110$58$2
47 years$614$352$192$101$52$2
48 years$594$336$181$94$47$1
49 years$575$320$170$87$43$1
50 years$557$306$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $571,000, adding $3,467 every year, while hoping to spend $38,939 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: 65/24/11 Blend
49$571,000$571,000$571,000$571,000
50$632,818$602,555$593,705$672,190
51$655,935$590,650$572,163$686,981
52$680,104$576,856$548,595$698,248
53$705,393$561,039$522,890$709,569
54$731,872$543,060$494,937$720,945
55$759,620$522,767$464,614$732,382
56$788,721$500,002$431,798$743,885
57$819,267$474,598$396,359$755,465
58$851,355$446,377$358,161$767,131
59$885,096$415,151$317,061$778,898
60$920,605$380,723$272,912$790,784
61$958,011$342,883$225,559$802,808
62$997,453$301,409$174,840$814,999
63$1,039,082$256,067$120,586$827,384
64$1,083,064$206,609$62,621$840,002
65$1,129,579$152,776$762$852,895
66$1,178,823$94,289$0$866,112
67$1,231,013$30,859$0$887,370
68$1,286,382$0$0$909,671
69$1,345,188$0$0$943,017
70$1,407,711$0$0$987,155
71$1,474,259$0$0$1,034,156
72$1,545,169$0$0$1,084,260
73$1,620,807$0$0$1,137,730
74$1,701,579$0$0$1,194,854
75$1,787,927$0$0$1,255,949
76$1,880,334$0$0$1,321,362
77$1,979,334$0$0$1,391,471
78$2,085,508$0$0$1,466,694
79$2,199,497$0$0$1,547,489
80$2,322,003$0$0$1,634,358
81$2,453,796$0$0$1,727,851
82$2,595,723$0$0$1,828,575
83$2,748,713$0$0$1,937,193
84$2,913,788$0$0$2,054,437
85$3,092,068$0$0$2,181,109
86$3,284,787$0$0$2,318,091
87$3,493,299$0$0$2,466,351
88$3,719,093$0$0$2,626,957
89$3,963,806$0$0$2,801,079
90$4,229,240$0$0$2,990,006
91$4,517,373$0$0$3,195,155
92$4,830,384$0$0$3,418,084
93$5,170,667$0$0$3,660,508
94$5,540,857$0$0$3,924,314
95$5,943,855$0$0$4,211,576
96$6,382,850$0$0$4,524,579
97$6,861,354$0$0$4,865,836
98$7,383,229$0$0$5,238,114
99$7,952,730$0$0$5,644,456
100$8,574,537$0$0$6,088,216