Can I retire at age 50 with 579,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$47,813$47,387$46,972$46,566$46,170$45,462
2 years$23,670$23,229$22,802$22,388$21,986$21,274
3 years$15,623$15,180$14,754$14,344$13,949$13,255
4 years$11,601$11,159$10,737$10,334$9,948$9,279
5 years$9,188$8,749$8,333$7,938$7,563$6,919
6 years$7,580$7,144$6,734$6,348$5,984$5,367
7 years$6,431$6,000$5,596$5,219$4,867$4,276
8 years$5,571$5,143$4,746$4,378$4,037$3,473
9 years$4,902$4,478$4,088$3,729$3,400$2,863
10 years$4,367$3,947$3,564$3,214$2,897$2,386
11 years$3,929$3,514$3,137$2,798$2,491$2,006
12 years$3,565$3,154$2,784$2,454$2,159$1,698
13 years$3,257$2,850$2,488$2,166$1,883$1,446
14 years$2,993$2,591$2,235$1,923$1,650$1,237
15 years$2,765$2,367$2,018$1,715$1,453$1,063
16 years$2,565$2,171$1,830$1,536$1,284$916
17 years$2,389$2,000$1,665$1,380$1,139$791
18 years$2,233$1,848$1,520$1,243$1,013$686
19 years$2,093$1,713$1,391$1,124$902$595
20 years$1,968$1,591$1,277$1,018$806$517
21 years$1,854$1,482$1,175$924$721$451
22 years$1,751$1,384$1,082$840$647$393
23 years$1,658$1,294$999$765$580$343
24 years$1,572$1,212$924$697$522$300
25 years$1,493$1,138$856$637$469$262
26 years$1,420$1,069$794$582$423$229
27 years$1,353$1,006$737$533$381$201
28 years$1,290$948$685$488$344$176
29 years$1,233$895$638$448$311$154
30 years$1,179$845$594$411$281$135
31 years$1,128$799$554$378$254$119
32 years$1,081$756$517$347$230$104
33 years$1,037$716$483$319$208$91
34 years$995$678$451$294$188$80
35 years$956$643$422$270$170$70
36 years$920$611$394$249$154$62
37 years$885$580$369$229$140$54
38 years$852$551$346$211$127$48
39 years$821$524$324$195$115$42
40 years$792$499$304$180$104$37
41 years$764$475$285$166$95$32
42 years$737$452$267$153$86$28
43 years$712$431$251$141$78$25
44 years$688$411$235$130$71$22
45 years$665$392$221$120$64$19
46 years$643$374$207$111$58$17
47 years$622$356$195$103$53$15
48 years$603$340$183$95$48$13
49 years$584$325$172$88$44$12
50 years$565$310$162$81$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $579,000, adding $6,097 every year, while hoping to spend $44,536 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: 62/12/26 Blend
49$579,000$579,000$579,000$579,000
50$644,347$613,660$604,686$679,487
51$662,684$596,343$577,557$686,724
52$681,400$576,686$548,026$689,217
53$700,484$554,525$515,967$690,972
54$719,927$529,690$481,245$691,923
55$739,715$502,000$443,722$692,002
56$759,831$471,264$403,252$691,135
57$780,257$437,278$359,684$689,240
58$800,967$399,829$312,858$686,234
59$821,936$358,691$262,608$682,024
60$843,131$313,624$208,763$676,512
61$864,514$264,375$151,140$669,592
62$886,042$210,678$89,552$661,151
63$907,667$152,250$23,800$651,066
64$929,333$88,793$0$639,207
65$950,974$19,993$0$638,297
66$972,518$0$0$643,202
67$993,883$0$0$654,407
68$1,014,975$0$0$668,041
69$1,035,690$0$0$681,393
70$1,055,910$0$0$694,382
71$1,075,501$0$0$706,915
72$1,094,314$0$0$718,890
73$1,112,184$0$0$730,192
74$1,128,923$0$0$740,694
75$1,144,324$0$0$750,251
76$1,158,153$0$0$758,705
77$1,170,152$0$0$765,876
78$1,180,032$0$0$771,567
79$1,187,470$0$0$775,557
80$1,192,111$0$0$777,601
81$1,193,555$0$0$777,426
82$1,191,362$0$0$774,729
83$1,185,042$0$0$769,174
84$1,174,050$0$0$760,388
85$1,157,782$0$0$747,958
86$1,135,571$0$0$731,425
87$1,106,675$0$0$710,282
88$1,070,273$0$0$683,966
89$1,025,455$0$0$651,855
90$971,215$0$0$613,260
91$906,439$0$0$567,418
92$829,895$0$0$513,485
93$740,221$0$0$450,529
94$635,908$0$0$377,519
95$515,291$0$0$293,315
96$376,529$0$0$196,656
97$217,586$0$0$86,151
98$36,214$0$0$0
99$0$0$0$0
100$0$0$0$0