Can I retire at age 50 with 581,000?

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 $581,000?

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$47,978$47,551$47,134$46,727$46,330$44,650
2 years$23,752$23,309$22,881$22,465$22,062$20,388
3 years$15,677$15,233$14,805$14,394$13,997$12,382
4 years$11,641$11,198$10,774$10,370$9,983$8,439
5 years$9,219$8,779$8,361$7,965$7,589$6,119
6 years$7,606$7,169$6,757$6,370$6,005$4,611
7 years$6,454$6,020$5,615$5,237$4,883$3,566
8 years$5,590$5,161$4,762$4,393$4,051$2,808
9 years$4,919$4,493$4,102$3,742$3,412$2,241
10 years$4,382$3,961$3,576$3,226$2,907$1,807
11 years$3,943$3,526$3,148$2,807$2,500$1,469
12 years$3,577$3,165$2,794$2,462$2,167$1,201
13 years$3,268$2,860$2,496$2,174$1,889$987
14 years$3,004$2,600$2,243$1,930$1,656$814
15 years$2,774$2,375$2,025$1,721$1,458$674
16 years$2,574$2,179$1,836$1,541$1,289$559
17 years$2,397$2,007$1,671$1,384$1,143$465
18 years$2,241$1,854$1,525$1,248$1,016$387
19 years$2,101$1,718$1,396$1,127$906$323
20 years$1,975$1,597$1,281$1,021$809$270
21 years$1,861$1,487$1,179$927$724$226
22 years$1,758$1,388$1,086$843$649$189
23 years$1,663$1,299$1,003$767$582$158
24 years$1,577$1,217$928$700$524$132
25 years$1,498$1,142$859$639$471$111
26 years$1,425$1,073$797$584$424$93
27 years$1,357$1,010$740$535$383$78
28 years$1,295$952$688$490$345$66
29 years$1,237$898$640$449$312$55
30 years$1,183$848$596$412$282$46
31 years$1,132$801$556$379$255$39
32 years$1,085$758$519$348$230$33
33 years$1,040$718$484$320$208$27
34 years$999$681$452$295$189$23
35 years$960$646$423$271$171$19
36 years$923$613$396$250$155$16
37 years$888$582$370$230$140$14
38 years$855$553$347$212$127$11
39 years$824$526$325$196$115$10
40 years$794$500$305$180$105$8
41 years$766$476$286$166$95$7
42 years$740$454$268$154$86$6
43 years$714$432$251$142$78$5
44 years$690$412$236$131$71$4
45 years$667$393$222$121$64$3
46 years$645$375$208$112$59$3
47 years$625$358$195$103$53$2
48 years$605$341$184$95$48$2
49 years$586$326$173$88$44$2
50 years$567$311$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $581,000, adding $3,990 every year, while hoping to spend $20,213 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: 57/22/21 Blend
49$581,000$581,000$581,000$581,000
50$644,378$613,585$604,579$677,265
51$688,598$622,144$603,326$708,691
52$736,651$630,445$601,354$740,414
53$788,906$638,454$598,616$774,545
54$845,771$646,135$595,066$811,321
55$907,693$653,448$590,654$851,003
56$975,164$660,353$585,327$893,880
57$1,048,725$666,806$579,030$940,269
58$1,128,974$672,758$571,707$990,523
59$1,216,567$678,160$563,296$1,045,029
60$1,312,226$682,959$553,736$1,104,214
61$1,416,746$687,098$542,959$1,168,552
62$1,531,004$690,515$530,898$1,238,563
63$1,655,963$693,147$517,480$1,314,822
64$1,792,685$694,925$502,629$1,397,965
65$1,942,339$695,776$486,267$1,488,691
66$2,106,212$695,624$468,311$1,587,773
67$2,285,721$694,384$448,675$1,696,064
68$2,482,427$691,972$427,268$1,814,505
69$2,698,049$688,294$403,997$1,944,133
70$2,934,481$683,251$378,762$2,086,095
71$3,193,808$676,740$351,460$2,241,653
72$3,478,327$668,650$321,984$2,412,202
73$3,790,567$658,865$290,221$2,599,279
74$4,133,315$647,260$256,054$2,804,581
75$4,509,641$633,703$219,360$3,029,979
76$4,922,926$618,057$180,010$3,277,537
77$5,376,895$600,172$137,871$3,549,532
78$5,875,652$579,894$92,803$3,848,476
79$6,423,717$557,057$44,661$4,177,137
80$7,026,070$531,487$0$4,538,571
81$7,688,198$502,999$0$4,937,653
82$8,416,145$471,396$0$5,387,370
83$9,216,571$436,474$0$5,881,841
84$10,096,812$398,013$0$6,425,622
85$11,064,953$355,781$0$7,023,738
86$12,129,900$309,536$0$7,681,726
87$13,301,466$259,019$0$8,405,692
88$14,590,462$203,958$0$9,202,363
89$16,008,801$144,064$0$10,079,156
90$17,569,610$79,034$0$11,044,244
91$19,287,350$8,547$0$12,106,638
92$21,177,958$0$0$13,276,269
93$23,258,991$0$0$14,580,482
94$25,549,798$0$0$16,018,502
95$28,071,696$0$0$17,601,651
96$30,848,176$0$0$19,344,683
97$33,905,121$0$0$21,263,856
98$37,271,054$0$0$23,377,084
99$40,977,402$0$0$25,704,107
100$45,058,795$0$0$28,266,677