Can I retire at age 50 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$47,318$46,896$46,485$46,084$45,692$44,733
2 years$23,425$22,988$22,566$22,156$21,758$20,796
3 years$15,461$15,023$14,601$14,195$13,804$12,870
4 years$11,480$11,044$10,626$10,227$9,845$8,945
5 years$9,093$8,658$8,246$7,855$7,484$6,621
6 years$7,501$7,070$6,664$6,282$5,922$5,097
7 years$6,365$5,938$5,538$5,165$4,816$4,030
8 years$5,513$5,090$4,697$4,333$3,995$3,247
9 years$4,851$4,431$4,045$3,690$3,365$2,654
10 years$4,321$3,906$3,527$3,181$2,867$2,192
11 years$3,888$3,477$3,105$2,769$2,466$1,827
12 years$3,528$3,121$2,755$2,428$2,137$1,533
13 years$3,223$2,821$2,462$2,144$1,863$1,293
14 years$2,962$2,564$2,212$1,903$1,633$1,096
15 years$2,736$2,342$1,997$1,697$1,438$932
16 years$2,539$2,149$1,811$1,520$1,271$796
17 years$2,364$1,979$1,648$1,365$1,127$681
18 years$2,210$1,829$1,504$1,231$1,002$584
19 years$2,072$1,695$1,377$1,112$893$502
20 years$1,947$1,575$1,264$1,007$798$432
21 years$1,835$1,467$1,162$914$714$372
22 years$1,733$1,369$1,071$831$640$321
23 years$1,640$1,281$989$757$574$277
24 years$1,555$1,200$915$690$516$239
25 years$1,477$1,126$847$630$465$207
26 years$1,405$1,058$786$576$418$179
27 years$1,339$996$730$528$377$155
28 years$1,277$939$678$483$340$134
29 years$1,220$885$631$443$307$116
30 years$1,166$836$588$407$278$101
31 years$1,117$790$548$374$251$87
32 years$1,070$748$511$343$227$76
33 years$1,026$708$478$316$206$66
34 years$985$671$446$291$186$57
35 years$946$637$417$267$169$50
36 years$910$604$390$246$153$43
37 years$876$574$365$227$138$37
38 years$843$545$342$209$126$32
39 years$813$519$320$193$114$28
40 years$783$494$300$178$103$24
41 years$756$470$282$164$94$21
42 years$730$447$264$151$85$18
43 years$705$426$248$140$77$16
44 years$681$406$233$129$70$14
45 years$658$387$219$119$64$12
46 years$637$370$205$110$58$10
47 years$616$353$193$102$52$9
48 years$596$337$181$94$48$8
49 years$577$322$170$87$43$7
50 years$559$307$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $573,000, adding $6,212 every year, while hoping to spend $34,082 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: 44/33/23 Blend
49$573,000$573,000$573,000$573,000
50$637,854$607,485$598,603$661,426
51$666,652$600,988$582,393$672,221
52$697,245$593,032$564,498$680,126
53$729,780$583,507$544,825$688,009
54$764,419$572,300$523,278$695,887
55$801,337$559,290$499,755$703,779
56$840,728$544,349$474,152$711,709
57$882,803$527,343$446,356$719,708
58$927,793$508,127$416,253$727,810
59$975,953$486,550$383,723$736,057
60$1,027,561$462,452$348,639$744,500
61$1,082,924$435,664$310,870$753,197
62$1,142,376$406,005$270,277$762,215
63$1,206,285$373,286$226,718$771,633
64$1,275,055$337,307$180,043$781,543
65$1,349,131$297,855$130,095$792,048
66$1,428,999$254,706$76,709$803,269
67$1,515,195$207,624$19,717$815,343
68$1,608,306$156,360$0$828,426
69$1,708,980$100,647$0$852,784
70$1,817,926$40,209$0$884,351
71$1,935,925$0$0$918,558
72$2,063,836$0$0$964,884
73$2,202,603$0$0$1,031,041
74$2,353,264$0$0$1,102,930
75$2,516,962$0$0$1,181,103
76$2,694,952$0$0$1,266,168
77$2,888,617$0$0$1,358,795
78$3,099,478$0$0$1,459,719
79$3,329,207$0$0$1,569,750
80$3,579,646$0$0$1,689,781
81$3,852,822$0$0$1,820,792
82$4,150,966$0$0$1,963,865
83$4,476,533$0$0$2,120,186
84$4,832,226$0$0$2,291,068
85$5,221,022$0$0$2,477,949
86$5,646,195$0$0$2,682,418
87$6,111,354$0$0$2,906,222
88$6,620,470$0$0$3,151,285
89$7,177,917$0$0$3,419,727
90$7,788,513$0$0$3,713,880
91$8,457,559$0$0$4,036,315
92$9,190,900$0$0$4,389,863
93$9,994,967$0$0$4,777,640
94$10,876,846$0$0$5,203,081
95$11,844,343$0$0$5,669,968
96$12,906,053$0$0$6,182,467
97$14,071,446$0$0$6,745,167
98$15,350,951$0$0$7,363,123
99$16,756,059$0$0$8,041,904
100$18,299,426$0$0$8,787,644