Can I retire at age 50 with 573,000?

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 $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%11.9%
1 years$47,318$46,896$46,485$46,084$45,692$45,328
2 years$23,425$22,988$22,566$22,156$21,758$21,391
3 years$15,461$15,023$14,601$14,195$13,804$13,446
4 years$11,480$11,044$10,626$10,227$9,845$9,498
5 years$9,093$8,658$8,246$7,855$7,484$7,149
6 years$7,501$7,070$6,664$6,282$5,922$5,600
7 years$6,365$5,938$5,538$5,165$4,816$4,507
8 years$5,513$5,090$4,697$4,333$3,995$3,699
9 years$4,851$4,431$4,045$3,690$3,365$3,081
10 years$4,321$3,906$3,527$3,181$2,867$2,595
11 years$3,888$3,477$3,105$2,769$2,466$2,207
12 years$3,528$3,121$2,755$2,428$2,137$1,890
13 years$3,223$2,821$2,462$2,144$1,863$1,628
14 years$2,962$2,564$2,212$1,903$1,633$1,410
15 years$2,736$2,342$1,997$1,697$1,438$1,226
16 years$2,539$2,149$1,811$1,520$1,271$1,070
17 years$2,364$1,979$1,648$1,365$1,127$936
18 years$2,210$1,829$1,504$1,231$1,002$821
19 years$2,072$1,695$1,377$1,112$893$722
20 years$1,947$1,575$1,264$1,007$798$636
21 years$1,835$1,467$1,162$914$714$562
22 years$1,733$1,369$1,071$831$640$496
23 years$1,640$1,281$989$757$574$439
24 years$1,555$1,200$915$690$516$389
25 years$1,477$1,126$847$630$465$345
26 years$1,405$1,058$786$576$418$306
27 years$1,339$996$730$528$377$272
28 years$1,277$939$678$483$340$242
29 years$1,220$885$631$443$307$215
30 years$1,166$836$588$407$278$191
31 years$1,117$790$548$374$251$170
32 years$1,070$748$511$343$227$152
33 years$1,026$708$478$316$206$135
34 years$985$671$446$291$186$121
35 years$946$637$417$267$169$108
36 years$910$604$390$246$153$96
37 years$876$574$365$227$138$86
38 years$843$545$342$209$126$76
39 years$813$519$320$193$114$68
40 years$783$494$300$178$103$61
41 years$756$470$282$164$94$54
42 years$730$447$264$151$85$48
43 years$705$426$248$140$77$43
44 years$681$406$233$129$70$39
45 years$658$387$219$119$64$34
46 years$637$370$205$110$58$31
47 years$616$353$193$102$52$27
48 years$596$337$181$94$48$25
49 years$577$322$170$87$43$22
50 years$559$307$160$80$39$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $573,000, adding $6,456 every year, while hoping to spend $33,429 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: 26/45/29 Blend
49$573,000$573,000$573,000$573,000
50$638,105$607,736$598,855$648,810
51$667,624$601,947$583,348$652,348
52$699,033$594,754$566,202$652,878
53$732,490$586,053$547,325$652,767
54$768,168$575,733$526,624$651,983
55$806,255$563,678$504,000$650,496
56$846,958$549,764$479,350$648,276
57$890,505$533,859$452,565$645,294
58$937,145$515,826$423,534$641,522
59$987,149$495,517$392,138$636,933
60$1,040,818$472,777$358,254$631,504
61$1,098,480$447,442$321,755$625,213
62$1,160,496$419,338$282,504$618,040
63$1,227,261$388,280$240,363$609,971
64$1,299,211$354,075$195,184$600,993
65$1,376,823$316,517$146,816$591,103
66$1,460,622$275,390$95,097$580,298
67$1,551,185$230,463$39,862$568,587
68$1,649,144$181,494$0$555,985
69$1,755,197$128,228$0$548,422
70$1,870,110$70,393$0$553,573
71$1,994,724$7,705$0$559,198
72$2,129,965$0$0$565,419
73$2,276,852$0$0$602,156
74$2,436,504$0$0$646,318
75$2,610,155$0$0$694,441
76$2,799,160$0$0$746,912
77$3,005,010$0$0$804,157
78$3,229,347$0$0$866,644
79$3,473,979$0$0$934,889
80$3,740,893$0$0$1,009,460
81$4,032,278$0$0$1,090,983
82$4,350,544$0$0$1,180,145
83$4,698,342$0$0$1,277,706
84$5,078,593$0$0$1,384,498
85$5,494,512$0$0$1,501,443
86$5,949,639$0$0$1,629,551
87$6,447,871$0$0$1,769,938
88$6,993,501$0$0$1,923,830
89$7,591,255$0$0$2,092,580
90$8,246,340$0$0$2,277,678
91$8,964,487$0$0$2,480,762
92$9,752,012$0$0$2,703,639
93$10,615,868$0$0$2,948,301
94$11,563,716$0$0$3,216,937
95$12,603,993$0$0$3,511,964
96$13,745,993$0$0$3,836,041
97$14,999,953$0$0$4,192,098
98$16,377,151$0$0$4,583,364
99$17,890,010$0$0$5,013,394
100$19,552,216$0$0$5,486,107