Can I retire at age 50 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$47,400$46,978$46,566$46,164$45,772$45,426
2 years$23,466$23,029$22,605$22,194$21,796$21,448
3 years$15,488$15,049$14,627$14,220$13,828$13,488
4 years$11,500$11,063$10,645$10,245$9,862$9,533
5 years$9,108$8,673$8,261$7,869$7,497$7,179
6 years$7,514$7,083$6,676$6,293$5,932$5,626
7 years$6,376$5,948$5,548$5,174$4,825$4,530
8 years$5,523$5,098$4,705$4,340$4,002$3,720
9 years$4,859$4,439$4,052$3,697$3,371$3,101
10 years$4,329$3,913$3,533$3,187$2,872$2,614
11 years$3,895$3,483$3,110$2,773$2,470$2,223
12 years$3,534$3,126$2,760$2,433$2,140$1,905
13 years$3,229$2,825$2,466$2,148$1,866$1,643
14 years$2,967$2,568$2,216$1,906$1,636$1,423
15 years$2,741$2,346$2,001$1,700$1,441$1,238
16 years$2,543$2,153$1,814$1,522$1,273$1,081
17 years$2,369$1,982$1,651$1,368$1,129$947
18 years$2,214$1,832$1,507$1,233$1,004$832
19 years$2,075$1,698$1,379$1,114$895$732
20 years$1,951$1,578$1,266$1,009$799$645
21 years$1,838$1,469$1,164$916$715$570
22 years$1,736$1,372$1,073$832$641$504
23 years$1,643$1,283$991$758$575$446
24 years$1,558$1,202$916$691$517$396
25 years$1,480$1,128$849$631$465$351
26 years$1,408$1,060$787$577$419$312
27 years$1,341$998$731$528$378$277
28 years$1,279$940$680$484$341$247
29 years$1,222$887$632$444$308$220
30 years$1,168$838$589$408$278$196
31 years$1,118$792$549$374$252$174
32 years$1,072$749$512$344$228$155
33 years$1,028$710$478$316$206$139
34 years$987$672$447$291$186$124
35 years$948$638$418$268$169$110
36 years$912$605$391$247$153$98
37 years$877$575$366$227$139$88
38 years$845$546$343$210$126$78
39 years$814$520$321$193$114$70
40 years$785$494$301$178$103$63
41 years$757$471$282$164$94$56
42 years$731$448$265$152$85$50
43 years$706$427$248$140$77$45
44 years$682$407$233$129$70$40
45 years$659$388$219$119$64$36
46 years$638$370$206$110$58$32
47 years$617$353$193$102$52$28
48 years$597$337$181$94$48$25
49 years$578$322$171$87$43$23
50 years$560$308$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 $574,000, adding $4,534 every year, while hoping to spend $38,820 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: 50/32/18 Blend
49$574,000$574,000$574,000$574,000
50$637,225$606,803$597,906$665,691
51$660,918$595,232$576,631$674,247
52$685,726$581,793$553,343$679,168
53$711,723$566,354$527,933$683,680
54$738,987$548,773$500,287$687,758
55$767,604$528,904$470,287$691,379
56$797,667$506,587$437,809$694,518
57$829,277$481,658$402,724$697,151
58$862,544$453,940$364,896$699,254
59$897,588$423,248$324,185$700,804
60$934,539$389,384$280,442$701,780
61$973,539$352,141$233,513$702,162
62$1,014,742$311,298$183,239$701,932
63$1,058,319$266,625$129,450$701,073
64$1,104,452$217,874$71,972$699,573
65$1,153,344$164,788$10,620$697,421
66$1,205,215$107,092$0$694,611
67$1,260,304$44,497$0$701,676
68$1,318,876$0$0$710,948
69$1,381,217$0$0$728,640
70$1,447,644$0$0$764,220
71$1,518,500$0$0$802,209
72$1,594,165$0$0$842,814
73$1,675,052$0$0$886,262
74$1,761,615$0$0$932,803
75$1,854,352$0$0$982,709
76$1,953,810$0$0$1,036,280
77$2,060,588$0$0$1,093,846
78$2,175,343$0$0$1,155,768
79$2,298,796$0$0$1,222,441
80$2,431,742$0$0$1,294,302
81$2,575,050$0$0$1,371,829
82$2,729,676$0$0$1,455,546
83$2,896,671$0$0$1,546,033
84$3,077,189$0$0$1,643,922
85$3,272,500$0$0$1,749,913
86$3,483,998$0$0$1,864,771
87$3,713,216$0$0$1,989,341
88$3,961,840$0$0$2,124,548
89$4,231,725$0$0$2,271,415
90$4,524,911$0$0$2,431,062
91$4,843,640$0$0$2,604,724
92$5,190,382$0$0$2,793,758
93$5,567,850$0$0$2,999,660
94$5,979,034$0$0$3,224,073
95$6,427,222$0$0$3,468,808
96$6,916,032$0$0$3,735,855
97$7,449,447$0$0$4,027,408
98$8,031,852$0$0$4,345,881
99$8,668,073$0$0$4,693,929
100$9,363,423$0$0$5,074,478