Can I retire at age 50 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$47,813$47,387$46,972$46,566$46,170$45,480
2 years$23,670$23,229$22,802$22,388$21,986$21,292
3 years$15,623$15,180$14,754$14,344$13,949$13,273
4 years$11,601$11,159$10,737$10,334$9,948$9,296
5 years$9,188$8,749$8,333$7,938$7,563$6,935
6 years$7,580$7,144$6,734$6,348$5,984$5,382
7 years$6,431$6,000$5,596$5,219$4,867$4,291
8 years$5,571$5,143$4,746$4,378$4,037$3,488
9 years$4,902$4,478$4,088$3,729$3,400$2,876
10 years$4,367$3,947$3,564$3,214$2,897$2,398
11 years$3,929$3,514$3,137$2,798$2,491$2,017
12 years$3,565$3,154$2,784$2,454$2,159$1,709
13 years$3,257$2,850$2,488$2,166$1,883$1,456
14 years$2,993$2,591$2,235$1,923$1,650$1,247
15 years$2,765$2,367$2,018$1,715$1,453$1,072
16 years$2,565$2,171$1,830$1,536$1,284$924
17 years$2,389$2,000$1,665$1,380$1,139$799
18 years$2,233$1,848$1,520$1,243$1,013$693
19 years$2,093$1,713$1,391$1,124$902$602
20 years$1,968$1,591$1,277$1,018$806$524
21 years$1,854$1,482$1,175$924$721$456
22 years$1,751$1,384$1,082$840$647$398
23 years$1,658$1,294$999$765$580$348
24 years$1,572$1,212$924$697$522$304
25 years$1,493$1,138$856$637$469$266
26 years$1,420$1,069$794$582$423$233
27 years$1,353$1,006$737$533$381$204
28 years$1,290$948$685$488$344$179
29 years$1,233$895$638$448$311$157
30 years$1,179$845$594$411$281$138
31 years$1,128$799$554$378$254$121
32 years$1,081$756$517$347$230$106
33 years$1,037$716$483$319$208$93
34 years$995$678$451$294$188$82
35 years$956$643$422$270$170$72
36 years$920$611$394$249$154$63
37 years$885$580$369$229$140$56
38 years$852$551$346$211$127$49
39 years$821$524$324$195$115$43
40 years$792$499$304$180$104$38
41 years$764$475$285$166$95$33
42 years$737$452$267$153$86$29
43 years$712$431$251$141$78$26
44 years$688$411$235$130$71$23
45 years$665$392$221$120$64$20
46 years$643$374$207$111$58$18
47 years$622$356$195$103$53$15
48 years$603$340$183$95$48$14
49 years$584$325$172$88$44$12
50 years$565$310$162$81$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $579,000, adding $4,184 every year, while hoping to spend $43,613 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: 53/32/15 Blend
49$579,000$579,000$579,000$579,000
50$642,374$611,687$602,712$673,629
51$661,492$595,256$576,499$679,008
52$681,099$576,557$547,946$679,865
53$701,197$555,435$516,929$679,818
54$721,791$531,723$483,318$678,792
55$742,881$505,245$446,976$676,707
56$764,467$475,814$407,762$673,480
57$786,548$443,234$365,527$669,021
58$809,120$407,297$320,117$663,233
59$832,179$367,784$271,370$656,016
60$855,717$324,460$219,116$647,259
61$879,723$277,082$163,179$636,849
62$904,184$225,388$103,375$624,662
63$929,084$169,106$39,512$610,565
64$954,404$107,945$0$594,421
65$980,118$41,600$0$580,663
66$1,006,199$0$0$571,595
67$1,032,612$0$0$571,405
68$1,059,319$0$0$586,005
69$1,086,274$0$0$600,718
70$1,113,423$0$0$615,512
71$1,140,706$0$0$630,351
72$1,168,054$0$0$645,194
73$1,195,389$0$0$659,992
74$1,222,619$0$0$674,694
75$1,249,644$0$0$689,237
76$1,276,348$0$0$703,554
77$1,302,602$0$0$717,568
78$1,328,260$0$0$731,192
79$1,353,159$0$0$744,330
80$1,377,114$0$0$756,872
81$1,399,918$0$0$768,697
82$1,421,343$0$0$779,668
83$1,441,130$0$0$789,635
84$1,458,992$0$0$798,427
85$1,474,608$0$0$805,856
86$1,487,621$0$0$811,711
87$1,497,633$0$0$815,758
88$1,504,202$0$0$817,738
89$1,506,836$0$0$817,361
90$1,504,989$0$0$814,307
91$1,498,054$0$0$808,218
92$1,485,357$0$0$798,700
93$1,466,152$0$0$785,315
94$1,439,611$0$0$767,577
95$1,404,816$0$0$744,947
96$1,360,750$0$0$716,830
97$1,306,288$0$0$682,566
98$1,240,183$0$0$641,425
99$1,161,056$0$0$592,598
100$1,067,380$0$0$535,192