Can I retire at age 50 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$47,731$47,306$46,891$46,486$46,091$45,068
2 years$23,629$23,189$22,762$22,349$21,948$20,923
3 years$15,596$15,154$14,729$14,319$13,925$12,929
4 years$11,581$11,140$10,719$10,316$9,931$8,973
5 years$9,172$8,734$8,318$7,924$7,550$6,632
6 years$7,567$7,132$6,722$6,337$5,974$5,097
7 years$6,420$5,989$5,586$5,210$4,858$4,022
8 years$5,561$5,134$4,738$4,370$4,030$3,235
9 years$4,893$4,470$4,081$3,723$3,394$2,639
10 years$4,359$3,940$3,558$3,209$2,892$2,177
11 years$3,922$3,508$3,132$2,793$2,487$1,810
12 years$3,559$3,148$2,780$2,450$2,155$1,516
13 years$3,251$2,845$2,483$2,163$1,880$1,277
14 years$2,988$2,586$2,231$1,920$1,648$1,080
15 years$2,760$2,362$2,015$1,712$1,451$917
16 years$2,561$2,168$1,826$1,533$1,282$781
17 years$2,385$1,996$1,662$1,377$1,137$666
18 years$2,229$1,845$1,517$1,241$1,011$570
19 years$2,090$1,710$1,389$1,122$901$489
20 years$1,964$1,589$1,275$1,016$805$420
21 years$1,851$1,480$1,172$922$720$361
22 years$1,748$1,381$1,081$838$646$310
23 years$1,655$1,292$998$763$579$267
24 years$1,569$1,210$923$696$521$230
25 years$1,490$1,136$855$636$469$199
26 years$1,418$1,068$793$581$422$172
27 years$1,350$1,005$736$532$381$148
28 years$1,288$947$684$488$343$128
29 years$1,230$893$637$447$310$111
30 years$1,177$843$593$410$280$96
31 years$1,126$797$553$377$253$83
32 years$1,079$754$516$346$229$72
33 years$1,035$714$482$319$207$62
34 years$994$677$450$293$188$54
35 years$955$642$421$270$170$46
36 years$918$610$394$248$154$40
37 years$883$579$368$229$140$35
38 years$851$550$345$211$127$30
39 years$820$523$323$195$115$26
40 years$790$498$303$179$104$23
41 years$762$474$284$166$94$20
42 years$736$451$266$153$86$17
43 years$711$430$250$141$78$15
44 years$687$410$235$130$71$13
45 years$664$391$220$120$64$11
46 years$642$373$207$111$58$10
47 years$621$356$194$103$53$8
48 years$601$340$183$95$48$7
49 years$583$324$172$88$44$6
50 years$564$310$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $578,000, adding $5,017 every year, while hoping to spend $25,610 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: 36/38/26 Blend
49$578,000$578,000$578,000$578,000
50$642,131$611,497$602,538$660,078
51$680,380$614,212$595,474$676,512
52$721,671$616,201$587,315$691,549
53$766,289$617,402$577,998$707,282
54$814,545$617,749$567,455$723,790
55$866,780$617,171$555,617$741,161
56$923,372$615,593$542,411$759,497
57$984,734$612,935$527,759$778,908
58$1,051,322$609,113$511,584$799,521
59$1,123,634$604,037$493,799$821,475
60$1,202,223$597,613$474,319$844,928
61$1,287,692$589,739$453,052$870,054
62$1,380,710$580,308$429,902$897,051
63$1,482,007$569,209$404,769$926,138
64$1,592,392$556,320$377,549$957,557
65$1,712,751$541,515$348,132$991,582
66$1,844,062$524,659$316,405$1,028,516
67$1,987,400$505,611$282,248$1,068,698
68$2,143,948$484,220$245,537$1,112,502
69$2,315,011$460,326$206,142$1,160,349
70$2,502,021$433,762$163,927$1,212,703
71$2,706,559$404,348$118,750$1,270,082
72$2,930,365$371,897$70,465$1,333,062
73$3,175,352$336,210$18,915$1,402,281
74$3,443,629$297,076$0$1,478,449
75$3,737,519$254,272$0$1,572,367
76$4,059,579$207,565$0$1,681,147
77$4,412,626$156,705$0$1,800,552
78$4,799,760$101,430$0$1,931,709
79$5,224,400$41,464$0$2,075,863
80$5,690,307$0$0$2,234,388
81$6,201,627$0$0$2,418,628
82$6,762,925$0$0$2,639,993
83$7,379,230$0$0$2,883,139
84$8,056,083$0$0$3,150,263
85$8,799,586$0$0$3,443,785
86$9,616,463$0$0$3,766,370
87$10,514,120$0$0$4,120,955
88$11,500,716$0$0$4,510,776
89$12,585,241$0$0$4,939,398
90$13,777,598$0$0$5,410,747
91$15,088,699$0$0$5,929,151
92$16,530,564$0$0$6,499,377
93$18,116,438$0$0$7,126,679
94$19,860,914$0$0$7,816,842
95$21,780,069$0$0$8,576,244
96$23,891,618$0$0$9,411,911
97$26,215,080$0$0$10,331,584
98$28,771,960$0$0$11,343,793
99$31,585,954$0$0$12,457,936
100$34,683,172$0$0$13,684,370