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%12.8%
1 years$47,566$47,142$46,728$46,325$45,931$45,395
2 years$23,547$23,109$22,684$22,272$21,872$21,332
3 years$15,542$15,102$14,678$14,270$13,876$13,350
4 years$11,541$11,101$10,682$10,280$9,897$9,388
5 years$9,140$8,704$8,289$7,896$7,523$7,033
6 years$7,540$7,107$6,699$6,315$5,953$5,482
7 years$6,398$5,969$5,567$5,192$4,841$4,390
8 years$5,542$5,116$4,721$4,355$4,016$3,584
9 years$4,876$4,455$4,066$3,710$3,382$2,970
10 years$4,344$3,926$3,545$3,198$2,882$2,488
11 years$3,909$3,496$3,121$2,783$2,479$2,104
12 years$3,546$3,137$2,770$2,441$2,148$1,792
13 years$3,240$2,835$2,475$2,155$1,873$1,535
14 years$2,978$2,577$2,224$1,913$1,642$1,321
15 years$2,750$2,354$2,008$1,706$1,446$1,141
16 years$2,552$2,160$1,820$1,528$1,278$990
17 years$2,377$1,989$1,656$1,373$1,133$861
18 years$2,221$1,838$1,512$1,237$1,007$751
19 years$2,083$1,704$1,384$1,118$898$656
20 years$1,958$1,583$1,270$1,012$802$574
21 years$1,845$1,475$1,168$919$718$503
22 years$1,742$1,376$1,077$835$643$442
23 years$1,649$1,287$994$761$577$388
24 years$1,564$1,206$920$694$519$342
25 years$1,485$1,132$852$634$467$301
26 years$1,413$1,064$790$579$421$265
27 years$1,346$1,001$734$530$379$234
28 years$1,284$943$682$486$342$206
29 years$1,226$890$635$446$309$182
30 years$1,172$841$591$409$279$161
31 years$1,122$795$551$376$252$142
32 years$1,075$752$514$345$228$126
33 years$1,032$712$480$317$207$111
34 years$990$675$449$292$187$98
35 years$951$640$419$269$169$87
36 years$915$608$392$248$154$77
37 years$880$577$367$228$139$68
38 years$848$548$344$210$126$60
39 years$817$521$322$194$114$53
40 years$787$496$302$179$104$47
41 years$760$472$283$165$94$42
42 years$733$450$266$152$85$37
43 years$708$429$249$141$78$33
44 years$684$408$234$130$70$29
45 years$662$390$220$120$64$26
46 years$640$372$206$111$58$23
47 years$619$355$194$102$53$20
48 years$599$339$182$95$48$18
49 years$580$323$171$87$43$16
50 years$562$309$161$81$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $576,000, adding $4,840 every year, while hoping to spend $20,423 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: 35/37/28 Blend
49$576,000$576,000$576,000$576,000
50$639,744$609,216$600,288$656,601
51$683,268$617,338$598,668$677,760
52$730,547$625,173$596,309$698,397
53$781,943$632,686$593,165$720,271
54$837,852$639,839$589,187$743,507
55$898,713$646,591$584,325$768,242
56$965,007$652,899$578,525$794,631
57$1,037,264$658,717$571,732$822,843
58$1,116,066$663,996$563,886$853,067
59$1,202,055$668,682$554,927$885,514
60$1,295,939$672,721$544,791$920,414
61$1,398,493$676,054$533,410$958,027
62$1,510,575$678,616$520,714$998,636
63$1,633,126$680,340$506,631$1,042,559
64$1,767,184$681,156$491,082$1,090,145
65$1,913,892$680,988$473,989$1,141,783
66$2,074,507$679,755$455,266$1,197,903
67$2,250,415$677,371$434,826$1,258,979
68$2,443,142$673,747$412,576$1,325,540
69$2,654,367$668,785$388,422$1,398,167
70$2,885,941$662,383$362,262$1,477,506
71$3,139,901$654,434$333,992$1,564,270
72$3,418,492$644,823$303,503$1,659,250
73$3,724,187$633,428$270,679$1,763,318
74$4,059,709$620,121$235,401$1,877,440
75$4,428,056$604,764$197,544$2,002,685
76$4,832,535$587,214$156,979$2,140,233
77$5,276,784$567,318$113,568$2,291,389
78$5,764,813$544,914$67,170$2,457,597
79$6,301,040$519,830$17,636$2,640,449
80$6,890,330$491,887$0$2,841,710
81$7,538,046$460,891$0$3,073,849
82$8,250,093$426,642$0$3,334,799
83$9,032,979$388,923$0$3,621,714
84$9,893,873$347,510$0$3,937,269
85$10,840,673$302,163$0$4,284,419
86$11,882,081$252,629$0$4,666,420
87$13,027,687$198,641$0$5,086,867
88$14,288,054$139,917$0$5,549,725
89$15,674,821$76,159$0$6,059,368
90$17,200,815$7,053$0$6,620,618
91$18,880,166$0$0$7,238,798
92$20,728,444$0$0$7,947,353
93$22,762,805$0$0$8,730,506
94$25,002,152$0$0$9,592,676
95$27,467,316$0$0$10,541,894
96$30,181,247$0$0$11,587,011
97$33,169,235$0$0$12,737,781
98$36,459,148$0$0$14,004,949
99$40,081,691$0$0$15,400,357
100$44,070,700$0$0$16,937,055