Can I retire at age 50 with 571,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$47,153$46,733$46,323$45,923$45,532$44,057
2 years$23,343$22,908$22,487$22,078$21,682$20,210
3 years$15,407$14,971$14,550$14,146$13,756$12,333
4 years$11,440$11,005$10,589$10,191$9,811$8,447
5 years$9,061$8,628$8,218$7,828$7,458$6,158
6 years$7,475$7,046$6,641$6,260$5,901$4,666
7 years$6,343$5,917$5,519$5,147$4,799$3,629
8 years$5,494$5,072$4,680$4,317$3,982$2,874
9 years$4,834$4,416$4,031$3,677$3,353$2,308
10 years$4,306$3,892$3,514$3,170$2,857$1,873
11 years$3,875$3,465$3,094$2,759$2,457$1,532
12 years$3,516$3,110$2,746$2,420$2,129$1,261
13 years$3,212$2,811$2,453$2,136$1,857$1,044
14 years$2,952$2,555$2,204$1,896$1,628$867
15 years$2,727$2,334$1,990$1,691$1,433$723
16 years$2,530$2,141$1,804$1,514$1,267$604
17 years$2,356$1,972$1,642$1,361$1,123$506
18 years$2,202$1,822$1,499$1,226$999$425
19 years$2,064$1,689$1,372$1,108$890$357
20 years$1,941$1,569$1,259$1,004$795$300
21 years$1,829$1,462$1,158$911$711$253
22 years$1,727$1,365$1,068$828$638$214
23 years$1,635$1,276$986$754$572$180
24 years$1,550$1,196$912$688$515$152
25 years$1,472$1,122$844$628$463$129
26 years$1,400$1,055$783$574$417$109
27 years$1,334$993$727$526$376$92
28 years$1,273$935$676$482$339$78
29 years$1,216$882$629$442$306$66
30 years$1,162$833$586$405$277$56
31 years$1,113$788$546$372$250$47
32 years$1,066$745$510$342$226$40
33 years$1,023$706$476$315$205$34
34 years$982$669$445$290$185$29
35 years$943$635$416$267$168$24
36 years$907$602$389$245$152$21
37 years$873$572$364$226$138$17
38 years$840$544$341$208$125$15
39 years$810$517$319$192$113$12
40 years$781$492$299$177$103$11
41 years$753$468$281$164$93$9
42 years$727$446$263$151$85$8
43 years$702$425$247$139$77$6
44 years$678$405$232$129$70$5
45 years$656$386$218$119$63$5
46 years$634$368$205$110$58$4
47 years$614$352$192$101$52$3
48 years$594$336$181$94$47$3
49 years$575$320$170$87$43$2
50 years$557$306$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $571,000, adding $6,875 every year, while hoping to spend $21,219 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: 39/33/28 Blend
49$571,000$571,000$571,000$571,000
50$636,334$606,071$597,220$655,647
51$678,663$613,191$594,650$677,499
52$724,598$619,950$591,283$698,653
53$774,486$626,305$587,069$721,122
54$828,705$632,216$581,958$745,041
55$887,674$637,636$575,895$770,557
56$951,853$642,516$568,823$797,836
57$1,021,748$646,805$560,684$827,059
58$1,097,915$650,448$551,416$858,429
59$1,180,968$653,385$540,954$892,170
60$1,271,580$655,555$529,230$928,532
61$1,370,495$656,891$516,173$967,789
62$1,478,530$657,323$501,709$1,010,247
63$1,596,584$656,775$485,760$1,056,245
64$1,725,647$655,169$468,245$1,106,157
65$1,866,811$652,420$449,079$1,160,397
66$2,021,275$648,438$428,173$1,219,427
67$2,190,363$643,129$405,434$1,283,753
68$2,375,529$636,392$380,765$1,353,939
69$2,578,377$628,119$354,065$1,430,608
70$2,800,673$618,198$325,228$1,514,448
71$3,044,361$606,510$294,142$1,606,222
72$3,311,583$592,926$260,693$1,706,774
73$3,604,698$577,312$224,759$1,817,034
74$3,926,303$559,526$186,215$1,938,034
75$4,279,261$539,418$144,928$2,070,915
76$4,666,723$516,827$100,760$2,216,935
77$5,092,162$491,585$53,569$2,377,487
78$5,559,403$463,513$3,204$2,554,109
79$6,072,660$432,423$0$2,748,503
80$6,636,574$398,114$0$2,977,648
81$7,256,259$360,376$0$3,230,521
82$7,937,349$318,986$0$3,508,507
83$8,686,050$273,708$0$3,814,193
84$9,509,200$224,292$0$4,150,431
85$10,414,332$170,477$0$4,520,365
86$11,409,746$111,982$0$4,927,468
87$12,504,586$48,516$0$5,375,567
88$13,708,929$0$0$5,868,884
89$15,033,874$0$0$6,419,423
90$16,491,652$0$0$7,044,630
91$18,095,739$0$0$7,732,675
92$19,860,985$0$0$8,489,940
93$21,803,750$0$0$9,323,455
94$23,942,060$0$0$10,240,966
95$26,295,779$0$0$11,251,009
96$28,886,794$0$0$12,362,988
97$31,739,221$0$0$13,587,267
98$34,879,633$0$0$14,935,264
99$38,337,313$0$0$16,419,564
100$42,144,525$0$0$18,054,030