Can I retire at age 50 with 582,000?

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 $582,000?

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$48,061$47,633$47,215$46,808$46,409$44,727
2 years$23,793$23,349$22,920$22,504$22,100$20,423
3 years$15,704$15,259$14,831$14,418$14,021$12,403
4 years$11,661$11,217$10,793$10,388$10,000$8,453
5 years$9,235$8,794$8,376$7,979$7,602$6,130
6 years$7,619$7,181$6,769$6,381$6,015$4,619
7 years$6,465$6,031$5,625$5,246$4,892$3,572
8 years$5,600$5,169$4,770$4,401$4,058$2,813
9 years$4,927$4,501$4,109$3,748$3,418$2,245
10 years$4,389$3,967$3,582$3,231$2,912$1,810
11 years$3,950$3,532$3,154$2,812$2,504$1,471
12 years$3,583$3,170$2,799$2,467$2,170$1,203
13 years$3,274$2,865$2,501$2,178$1,893$989
14 years$3,009$2,604$2,247$1,933$1,659$816
15 years$2,779$2,379$2,028$1,724$1,461$675
16 years$2,578$2,183$1,839$1,544$1,291$560
17 years$2,402$2,010$1,674$1,387$1,145$466
18 years$2,245$1,857$1,528$1,250$1,018$388
19 years$2,104$1,721$1,399$1,129$907$324
20 years$1,978$1,600$1,284$1,023$810$270
21 years$1,864$1,490$1,181$928$725$226
22 years$1,761$1,391$1,088$844$650$189
23 years$1,666$1,301$1,005$769$583$158
24 years$1,580$1,219$929$701$524$133
25 years$1,500$1,144$861$640$472$111
26 years$1,427$1,075$798$585$425$93
27 years$1,360$1,012$741$536$383$78
28 years$1,297$953$689$491$346$66
29 years$1,239$899$641$450$312$55
30 years$1,185$849$597$413$282$46
31 years$1,134$803$557$379$255$39
32 years$1,087$760$519$349$231$33
33 years$1,042$719$485$321$209$27
34 years$1,001$682$453$295$189$23
35 years$961$647$424$272$171$19
36 years$924$614$396$250$155$16
37 years$889$583$371$230$141$14
38 years$856$554$347$212$127$11
39 years$825$527$325$196$116$10
40 years$796$501$305$181$105$8
41 years$768$477$286$167$95$7
42 years$741$454$268$154$86$6
43 years$716$433$252$142$78$5
44 years$691$413$236$131$71$4
45 years$669$394$222$121$65$3
46 years$647$375$208$112$59$3
47 years$626$358$196$103$53$2
48 years$606$342$184$95$48$2
49 years$587$327$173$88$44$2
50 years$568$312$163$82$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $582,000, adding $2,035 every year, while hoping to spend $28,698 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$582,000$582,000$582,000$582,000
50$643,463$612,617$603,596$678,785
51$678,562$612,101$593,282$702,469
52$716,279$610,598$581,661$725,002
53$756,851$608,028$568,658$748,982
54$800,538$604,310$554,196$774,556
55$847,625$599,354$538,194$801,887
56$898,427$593,066$520,568$831,153
57$953,287$585,347$501,227$862,554
58$1,012,584$576,091$480,080$896,311
59$1,076,735$565,186$457,030$932,668
60$1,146,196$552,514$431,975$971,895
61$1,221,471$537,950$404,808$1,014,291
62$1,303,112$521,361$375,421$1,060,189
63$1,391,727$502,606$343,696$1,109,954
64$1,487,986$481,536$309,512$1,163,993
65$1,592,624$457,995$272,744$1,222,755
66$1,706,450$431,815$233,259$1,286,735
67$1,830,355$402,821$190,920$1,356,485
68$1,965,318$370,826$145,583$1,432,610
69$2,112,418$335,634$97,098$1,515,783
70$2,272,842$297,037$45,307$1,606,746
71$2,447,894$254,814$0$1,706,320
72$2,639,014$208,734$0$1,818,176
73$2,847,782$158,552$0$1,954,146
74$3,075,943$104,007$0$2,102,805
75$3,325,412$44,827$0$2,265,429
76$3,598,303$0$0$2,443,423
77$3,896,941$0$0$2,640,883
78$4,223,885$0$0$2,863,582
79$4,581,955$0$0$3,107,526
80$4,974,256$0$0$3,374,835
81$5,404,208$0$0$3,667,847
82$5,875,576$0$0$3,989,132
83$6,392,508$0$0$4,341,523
84$6,959,572$0$0$4,728,142
85$7,581,800$0$0$5,152,425
86$8,264,734$0$0$5,618,159
87$9,014,479$0$0$6,129,513
88$9,837,761$0$0$6,691,081
89$10,741,988$0$0$7,307,925
90$11,735,320$0$0$7,985,620
91$12,826,749$0$0$8,730,306
92$14,026,177$0$0$9,548,750
93$15,344,516$0$0$10,448,405
94$16,793,788$0$0$11,437,485
95$18,387,235$0$0$12,525,036
96$20,139,450$0$0$13,721,026
97$22,066,506$0$0$15,036,438
98$24,186,117$0$0$16,483,372
99$26,517,796$0$0$18,075,160
100$29,083,045$0$0$19,826,490