Can I retire at age 50 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$47,483$47,060$46,647$46,245$45,851$45,410
2 years$23,506$23,069$22,644$22,233$21,834$21,390
3 years$15,515$15,076$14,652$14,245$13,852$13,419
4 years$11,520$11,082$10,663$10,263$9,880$9,460
5 years$9,124$8,689$8,275$7,883$7,510$7,106
6 years$7,527$7,095$6,687$6,304$5,943$5,553
7 years$6,387$5,958$5,557$5,183$4,833$4,460
8 years$5,532$5,107$4,713$4,348$4,009$3,652
9 years$4,868$4,447$4,059$3,703$3,377$3,035
10 years$4,336$3,920$3,539$3,192$2,877$2,550
11 years$3,902$3,489$3,116$2,778$2,474$2,163
12 years$3,540$3,132$2,765$2,437$2,144$1,848
13 years$3,234$2,830$2,470$2,151$1,870$1,588
14 years$2,973$2,573$2,220$1,910$1,639$1,371
15 years$2,746$2,350$2,004$1,703$1,443$1,189
16 years$2,547$2,156$1,817$1,525$1,275$1,035
17 years$2,373$1,986$1,653$1,370$1,131$903
18 years$2,218$1,835$1,509$1,235$1,006$790
19 years$2,079$1,701$1,382$1,116$896$693
20 years$1,954$1,580$1,268$1,011$801$609
21 years$1,842$1,472$1,166$917$716$536
22 years$1,739$1,374$1,075$834$642$472
23 years$1,646$1,285$993$759$576$416
24 years$1,561$1,204$918$693$518$368
25 years$1,482$1,130$850$633$466$325
26 years$1,410$1,062$789$578$420$288
27 years$1,343$999$732$529$379$255
28 years$1,282$942$681$485$342$226
29 years$1,224$888$633$445$308$200
30 years$1,170$839$590$408$279$178
31 years$1,120$793$550$375$252$158
32 years$1,074$751$513$345$228$140
33 years$1,030$711$479$317$206$124
34 years$989$674$448$292$187$110
35 years$950$639$419$268$169$98
36 years$913$606$392$247$153$87
37 years$879$576$367$228$139$77
38 years$846$547$343$210$126$69
39 years$815$521$322$194$114$61
40 years$786$495$301$179$104$54
41 years$758$471$283$165$94$48
42 years$732$449$265$152$85$43
43 years$707$428$249$140$77$38
44 years$683$408$234$130$70$34
45 years$660$389$219$120$64$30
46 years$639$371$206$111$58$27
47 years$618$354$193$102$53$24
48 years$598$338$182$94$48$21
49 years$579$323$171$87$43$19
50 years$561$308$161$81$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $575,000, adding $6,228 every year, while hoping to spend $51,536 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: 56/25/19 Blend
49$575,000$575,000$575,000$575,000
50$640,074$609,599$600,687$672,337
51$650,528$584,636$565,976$670,065
52$660,321$556,722$528,375$661,535
53$669,330$525,658$487,733$651,103
54$677,421$491,235$443,891$638,599
55$684,442$453,229$396,685$623,839
56$690,223$411,405$345,942$606,622
57$694,577$365,515$291,482$586,733
58$697,295$315,296$233,118$563,937
59$698,144$260,471$170,652$537,979
60$696,865$200,745$103,880$508,583
61$693,173$135,809$32,587$475,449
62$686,749$65,336$0$438,250
63$677,240$0$0$405,451
64$664,255$0$0$378,505
65$647,361$0$0$367,089
66$626,077$0$0$352,934
67$599,872$0$0$335,709
68$568,157$0$0$315,050
69$530,280$0$0$290,556
70$485,521$0$0$261,778
71$433,084$0$0$228,226
72$372,085$0$0$189,353
73$301,553$0$0$144,557
74$220,408$0$0$93,173
75$127,462$0$0$34,464
76$21,399$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0