Can I retire at age 50 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$47,566$47,142$46,728$46,325$45,931$44,266
2 years$23,547$23,109$22,684$22,272$21,872$20,213
3 years$15,542$15,102$14,678$14,270$13,876$12,275
4 years$11,541$11,101$10,682$10,280$9,897$8,366
5 years$9,140$8,704$8,289$7,896$7,523$6,067
6 years$7,540$7,107$6,699$6,315$5,953$4,572
7 years$6,398$5,969$5,567$5,192$4,841$3,535
8 years$5,542$5,116$4,721$4,355$4,016$2,784
9 years$4,876$4,455$4,066$3,710$3,382$2,222
10 years$4,344$3,926$3,545$3,198$2,882$1,792
11 years$3,909$3,496$3,121$2,783$2,479$1,456
12 years$3,546$3,137$2,770$2,441$2,148$1,191
13 years$3,240$2,835$2,475$2,155$1,873$978
14 years$2,978$2,577$2,224$1,913$1,642$807
15 years$2,750$2,354$2,008$1,706$1,446$668
16 years$2,552$2,160$1,820$1,528$1,278$554
17 years$2,377$1,989$1,656$1,373$1,133$461
18 years$2,221$1,838$1,512$1,237$1,007$384
19 years$2,083$1,704$1,384$1,118$898$320
20 years$1,958$1,583$1,270$1,012$802$268
21 years$1,845$1,475$1,168$919$718$224
22 years$1,742$1,376$1,077$835$643$187
23 years$1,649$1,287$994$761$577$157
24 years$1,564$1,206$920$694$519$131
25 years$1,485$1,132$852$634$467$110
26 years$1,413$1,064$790$579$421$92
27 years$1,346$1,001$734$530$379$77
28 years$1,284$943$682$486$342$65
29 years$1,226$890$635$446$309$55
30 years$1,172$841$591$409$279$46
31 years$1,122$795$551$376$252$38
32 years$1,075$752$514$345$228$32
33 years$1,032$712$480$317$207$27
34 years$990$675$449$292$187$23
35 years$951$640$419$269$169$19
36 years$915$608$392$248$154$16
37 years$880$577$367$228$139$13
38 years$848$548$344$210$126$11
39 years$817$521$322$194$114$10
40 years$787$496$302$179$104$8
41 years$760$472$283$165$94$7
42 years$733$450$266$152$85$6
43 years$708$429$249$141$78$5
44 years$684$408$234$130$70$4
45 years$662$390$220$120$64$3
46 years$640$372$206$111$58$3
47 years$619$355$194$102$53$2
48 years$599$339$182$95$48$2
49 years$580$323$171$87$43$2
50 years$562$309$161$81$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $576,000, adding $5,336 every year, while hoping to spend $32,547 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: 68/11/21 Blend
49$576,000$576,000$576,000$576,000
50$640,256$609,728$600,800$680,083
51$670,932$604,975$586,297$702,657
52$703,647$598,898$570,217$723,070
53$738,573$591,398$552,474$744,618
54$775,901$582,370$532,975$767,412
55$815,839$571,703$511,626$791,573
56$858,617$559,278$488,327$817,239
57$904,483$544,970$462,974$844,561
58$953,714$528,647$435,457$873,704
59$1,006,611$510,169$405,664$904,856
60$1,063,506$489,388$373,474$938,220
61$1,124,762$466,146$338,763$974,026
62$1,190,778$440,278$301,403$1,012,524
63$1,261,994$411,609$261,256$1,053,994
64$1,338,891$379,951$218,182$1,098,746
65$1,422,000$345,110$172,032$1,147,121
66$1,511,901$306,878$122,653$1,199,498
67$1,609,235$265,035$69,882$1,256,297
68$1,714,706$219,350$13,552$1,317,982
69$1,829,086$169,579$0$1,385,066
70$1,953,227$115,462$0$1,468,550
71$2,088,064$56,728$0$1,562,548
72$2,234,626$0$0$1,664,758
73$2,394,044$0$0$1,776,829
74$2,567,566$0$0$1,906,318
75$2,756,560$0$0$2,047,385
76$2,962,536$0$0$2,201,160
77$3,187,153$0$0$2,368,885
78$3,432,237$0$0$2,551,929
79$3,699,800$0$0$2,751,798
80$3,992,054$0$0$2,970,150
81$4,311,437$0$0$3,208,811
82$4,660,632$0$0$3,469,790
83$5,042,591$0$0$3,755,300
84$5,460,567$0$0$4,067,776
85$5,918,141$0$0$4,409,903
86$6,419,256$0$0$4,784,634
87$6,968,255$0$0$5,195,223
88$7,569,920$0$0$5,645,252
89$8,229,519$0$0$6,138,667
90$8,952,852$0$0$6,679,816
91$9,746,309$0$0$7,273,484
92$10,616,926$0$0$7,924,944
93$11,572,456$0$0$8,640,005
94$12,621,437$0$0$9,425,064
95$13,773,275$0$0$10,287,168
96$15,038,331$0$0$11,234,079
97$16,428,018$0$0$12,274,351
98$17,954,910$0$0$13,417,404
99$19,632,858$0$0$14,673,618
100$21,477,124$0$0$16,054,425