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%16.5%
1 years$48,061$47,633$47,215$46,808$46,409$45,178
2 years$23,793$23,349$22,920$22,504$22,100$20,867
3 years$15,704$15,259$14,831$14,418$14,021$12,826
4 years$11,661$11,217$10,793$10,388$10,000$8,852
5 years$9,235$8,794$8,376$7,979$7,602$6,505
6 years$7,619$7,181$6,769$6,381$6,015$4,969
7 years$6,465$6,031$5,625$5,246$4,892$3,897
8 years$5,600$5,169$4,770$4,401$4,058$3,115
9 years$4,927$4,501$4,109$3,748$3,418$2,524
10 years$4,389$3,967$3,582$3,231$2,912$2,068
11 years$3,950$3,532$3,154$2,812$2,504$1,708
12 years$3,583$3,170$2,799$2,467$2,170$1,420
13 years$3,274$2,865$2,501$2,178$1,893$1,187
14 years$3,009$2,604$2,247$1,933$1,659$996
15 years$2,779$2,379$2,028$1,724$1,461$839
16 years$2,578$2,183$1,839$1,544$1,291$709
17 years$2,402$2,010$1,674$1,387$1,145$601
18 years$2,245$1,857$1,528$1,250$1,018$510
19 years$2,104$1,721$1,399$1,129$907$433
20 years$1,978$1,600$1,284$1,023$810$369
21 years$1,864$1,490$1,181$928$725$314
22 years$1,761$1,391$1,088$844$650$268
23 years$1,666$1,301$1,005$769$583$229
24 years$1,580$1,219$929$701$524$196
25 years$1,500$1,144$861$640$472$167
26 years$1,427$1,075$798$585$425$143
27 years$1,360$1,012$741$536$383$123
28 years$1,297$953$689$491$346$105
29 years$1,239$899$641$450$312$90
30 years$1,185$849$597$413$282$77
31 years$1,134$803$557$379$255$66
32 years$1,087$760$519$349$231$57
33 years$1,042$719$485$321$209$49
34 years$1,001$682$453$295$189$42
35 years$961$647$424$272$171$36
36 years$924$614$396$250$155$31
37 years$889$583$371$230$141$26
38 years$856$554$347$212$127$23
39 years$825$527$325$196$116$19
40 years$796$501$305$181$105$17
41 years$768$477$286$167$95$14
42 years$741$454$268$154$86$12
43 years$716$433$252$142$78$10
44 years$691$413$236$131$71$9
45 years$669$394$222$121$65$8
46 years$647$375$208$112$59$7
47 years$626$358$196$103$53$6
48 years$606$342$184$95$48$5
49 years$587$327$173$88$44$4
50 years$568$312$163$82$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $582,000, adding $6,998 every year, while hoping to spend $27,855 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: 69/14/17 Blend
49$582,000$582,000$582,000$582,000
50$648,582$617,736$608,715$690,239
51$685,100$618,368$599,470$719,532
52$724,409$618,097$588,981$747,617
53$766,765$616,850$577,178$777,646
54$812,448$614,548$563,986$809,809
55$861,766$611,109$549,327$844,313
56$915,057$606,444$533,121$881,390
57$972,693$600,461$515,281$921,293
58$1,035,085$593,060$495,720$964,304
59$1,102,680$584,136$474,343$1,010,732
60$1,175,973$573,579$451,053$1,060,919
61$1,255,508$561,270$425,749$1,115,245
62$1,341,882$547,085$398,325$1,174,127
63$1,435,754$530,892$368,668$1,238,025
64$1,537,846$512,551$336,664$1,307,449
65$1,648,954$491,913$302,190$1,382,962
66$1,769,954$468,824$265,120$1,465,184
67$1,901,810$443,116$225,322$1,554,799
68$2,045,581$414,616$182,657$1,652,566
69$2,202,436$383,137$136,981$1,759,318
70$2,373,657$348,484$88,143$1,875,977
71$2,560,661$310,450$35,986$2,003,561
72$2,765,003$268,817$0$2,143,193
73$2,988,397$223,353$0$2,299,680
74$3,232,731$173,814$0$2,478,020
75$3,500,081$119,943$0$2,673,219
76$3,792,736$61,467$0$2,886,978
77$4,113,214$0$0$3,121,169
78$4,464,290$0$0$3,378,150
79$4,849,019$0$0$3,670,173
80$5,270,766$0$0$3,990,328
81$5,733,236$0$0$4,341,431
82$6,240,510$0$0$4,726,585
83$6,797,085$0$0$5,149,208
84$7,407,912$0$0$5,613,065
85$8,078,446$0$0$6,122,303
86$8,814,693$0$0$6,681,489
87$9,623,274$0$0$7,295,655
88$10,511,479$0$0$7,970,345
89$11,487,340$0$0$8,711,666
90$12,559,705$0$0$9,526,343
91$13,738,321$0$0$10,421,790
92$15,033,929$0$0$11,406,170
93$16,458,358$0$0$12,488,481
94$18,024,646$0$0$13,678,631
95$19,747,151$0$0$14,987,541
96$21,641,699$0$0$16,427,241
97$23,725,720$0$0$18,010,987
98$26,018,424$0$0$19,753,381
99$28,540,973$0$0$21,670,516
100$31,316,685$0$0$23,780,121