Can I retire at age 50 with 581,000?

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 $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%18.3%
1 years$47,978$47,551$47,134$46,727$46,330$44,775
2 years$23,752$23,309$22,881$22,465$22,062$20,511
3 years$15,677$15,233$14,805$14,394$13,997$12,498
4 years$11,641$11,198$10,774$10,370$9,983$8,548
5 years$9,219$8,779$8,361$7,965$7,589$6,222
6 years$7,606$7,169$6,757$6,370$6,005$4,706
7 years$6,454$6,020$5,615$5,237$4,883$3,654
8 years$5,590$5,161$4,762$4,393$4,051$2,889
9 years$4,919$4,493$4,102$3,742$3,412$2,316
10 years$4,382$3,961$3,576$3,226$2,907$1,876
11 years$3,943$3,526$3,148$2,807$2,500$1,531
12 years$3,577$3,165$2,794$2,462$2,167$1,258
13 years$3,268$2,860$2,496$2,174$1,889$1,039
14 years$3,004$2,600$2,243$1,930$1,656$861
15 years$2,774$2,375$2,025$1,721$1,458$716
16 years$2,574$2,179$1,836$1,541$1,289$597
17 years$2,397$2,007$1,671$1,384$1,143$499
18 years$2,241$1,854$1,525$1,248$1,016$418
19 years$2,101$1,718$1,396$1,127$906$351
20 years$1,975$1,597$1,281$1,021$809$295
21 years$1,861$1,487$1,179$927$724$248
22 years$1,758$1,388$1,086$843$649$208
23 years$1,663$1,299$1,003$767$582$175
24 years$1,577$1,217$928$700$524$148
25 years$1,498$1,142$859$639$471$125
26 years$1,425$1,073$797$584$424$105
27 years$1,357$1,010$740$535$383$89
28 years$1,295$952$688$490$345$75
29 years$1,237$898$640$449$312$63
30 years$1,183$848$596$412$282$53
31 years$1,132$801$556$379$255$45
32 years$1,085$758$519$348$230$38
33 years$1,040$718$484$320$208$32
34 years$999$681$452$295$189$27
35 years$960$646$423$271$171$23
36 years$923$613$396$250$155$19
37 years$888$582$370$230$140$16
38 years$855$553$347$212$127$14
39 years$824$526$325$196$115$12
40 years$794$500$305$180$105$10
41 years$766$476$286$166$95$8
42 years$740$454$268$154$86$7
43 years$714$432$251$142$78$6
44 years$690$412$236$131$71$5
45 years$667$393$222$121$64$4
46 years$645$375$208$112$59$4
47 years$625$358$195$103$53$3
48 years$605$341$184$95$48$3
49 years$586$326$173$88$44$2
50 years$567$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $581,000, adding $4,298 every year, while hoping to spend $40,783 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: 75/7/18 Blend
49$581,000$581,000$581,000$581,000
50$644,695$613,902$604,897$690,067
51$667,062$600,591$581,768$707,384
52$690,342$585,260$556,498$720,916
53$714,587$567,768$528,971$734,671
54$739,851$547,965$499,067$748,660
55$766,192$525,691$466,662$762,895
56$793,672$500,778$431,624$777,393
57$822,359$473,049$393,815$792,170
58$852,326$442,314$353,094$807,247
59$883,651$408,375$309,310$822,646
60$916,419$371,022$262,308$838,392
61$950,722$330,030$211,924$854,517
62$986,661$285,167$157,989$871,052
63$1,024,343$236,182$100,324$888,037
64$1,063,885$182,815$38,744$905,515
65$1,105,415$124,786$0$923,534
66$1,149,070$61,804$0$947,331
67$1,195,003$0$0$980,064
68$1,243,375$0$0$1,014,894
69$1,294,365$0$0$1,056,635
70$1,348,167$0$0$1,100,689
71$1,404,994$0$0$1,147,228
72$1,465,075$0$0$1,196,444
73$1,528,662$0$0$1,248,544
74$1,596,031$0$0$1,303,756
75$1,667,483$0$0$1,362,326
76$1,743,345$0$0$1,424,527
77$1,823,977$0$0$1,490,655
78$1,909,772$0$0$1,561,033
79$2,001,160$0$0$1,636,018
80$2,098,613$0$0$1,715,997
81$2,202,646$0$0$1,801,397
82$2,313,824$0$0$1,892,685
83$2,432,767$0$0$1,990,371
84$2,560,155$0$0$2,095,017
85$2,696,733$0$0$2,207,239
86$2,843,318$0$0$2,327,711
87$3,000,808$0$0$2,457,174
88$3,170,187$0$0$2,596,442
89$3,352,537$0$0$2,746,406
90$3,549,044$0$0$2,908,049
91$3,761,013$0$0$3,082,447
92$3,989,878$0$0$3,270,783
93$4,237,211$0$0$3,474,359
94$4,504,744$0$0$3,694,602
95$4,794,379$0$0$3,933,085
96$5,108,206$0$0$4,191,535
97$5,448,525$0$0$4,471,851
98$5,817,863$0$0$4,776,122
99$6,219,002$0$0$5,106,644
100$6,655,001$0$0$5,465,946