Can I retire at age 50 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$48,144$47,715$47,296$46,888$46,489$45,588
2 years$23,833$23,390$22,959$22,542$22,138$21,233
3 years$15,731$15,285$14,856$14,443$14,045$13,166
4 years$11,681$11,236$10,812$10,405$10,017$9,170
5 years$9,251$8,809$8,390$7,992$7,615$6,802
6 years$7,632$7,194$6,781$6,392$6,025$5,247
7 years$6,476$6,041$5,635$5,255$4,900$4,158
8 years$5,609$5,178$4,779$4,408$4,065$3,358
9 years$4,935$4,509$4,116$3,755$3,423$2,751
10 years$4,397$3,974$3,588$3,237$2,917$2,278
11 years$3,956$3,538$3,159$2,817$2,509$1,903
12 years$3,590$3,176$2,804$2,471$2,174$1,601
13 years$3,279$2,870$2,505$2,181$1,896$1,355
14 years$3,014$2,609$2,251$1,936$1,662$1,151
15 years$2,784$2,383$2,032$1,727$1,463$982
16 years$2,583$2,186$1,842$1,546$1,293$840
17 years$2,406$2,013$1,676$1,389$1,147$721
18 years$2,248$1,861$1,530$1,252$1,020$620
19 years$2,108$1,724$1,401$1,131$909$534
20 years$1,981$1,602$1,286$1,025$812$461
21 years$1,867$1,493$1,183$930$726$398
22 years$1,764$1,393$1,090$845$651$345
23 years$1,669$1,303$1,006$770$584$299
24 years$1,583$1,221$931$702$525$259
25 years$1,503$1,146$862$641$473$225
26 years$1,430$1,077$800$586$426$195
27 years$1,362$1,013$742$537$384$169
28 years$1,299$955$690$492$346$147
29 years$1,241$901$642$451$313$128
30 years$1,187$851$598$414$283$111
31 years$1,136$804$558$380$256$97
32 years$1,089$761$520$349$231$84
33 years$1,044$721$486$321$209$73
34 years$1,002$683$454$296$189$64
35 years$963$648$424$272$172$56
36 years$926$615$397$251$155$48
37 years$891$584$372$231$141$42
38 years$858$555$348$213$128$37
39 years$827$528$326$196$116$32
40 years$797$502$306$181$105$28
41 years$769$478$287$167$95$24
42 years$742$455$269$154$86$21
43 years$717$434$252$142$78$18
44 years$693$413$237$131$71$16
45 years$670$394$222$121$65$14
46 years$648$376$209$112$59$12
47 years$627$359$196$104$53$11
48 years$607$343$184$96$48$9
49 years$588$327$173$88$44$8
50 years$569$313$163$82$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $583,000, adding $5,152 every year, while hoping to spend $42,514 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: 76/6/18 Blend
49$583,000$583,000$583,000$583,000
50$647,780$616,881$607,845$693,973
51$668,619$601,874$582,973$710,227
52$690,159$584,706$555,843$722,262
53$712,426$565,228$526,335$734,323
54$735,448$543,279$494,322$746,399
55$759,255$518,690$459,672$758,479
56$783,877$491,284$422,249$770,553
57$809,346$460,870$381,908$782,609
58$835,697$427,251$338,500$794,636
59$862,965$390,213$291,867$806,620
60$891,188$349,535$241,845$818,550
61$920,407$304,979$188,265$830,412
62$950,663$256,298$130,946$842,193
63$982,001$203,226$69,703$853,879
64$1,014,468$145,487$4,341$865,456
65$1,048,114$82,787$0$876,910
66$1,082,992$14,814$0$900,790
67$1,119,159$0$0$926,224
68$1,156,675$0$0$956,286
69$1,195,603$0$0$988,497
70$1,236,012$0$0$1,021,935
71$1,277,973$0$0$1,056,662
72$1,321,566$0$0$1,092,741
73$1,366,871$0$0$1,130,241
74$1,413,979$0$0$1,169,237
75$1,462,984$0$0$1,209,807
76$1,513,988$0$0$1,252,037
77$1,567,101$0$0$1,296,017
78$1,622,440$0$0$1,341,846
79$1,680,131$0$0$1,389,628
80$1,740,311$0$0$1,439,479
81$1,803,127$0$0$1,491,519
82$1,868,737$0$0$1,545,882
83$1,937,313$0$0$1,602,710
84$2,009,039$0$0$1,662,158
85$2,084,117$0$0$1,724,392
86$2,162,762$0$0$1,789,595
87$2,245,210$0$0$1,857,961
88$2,331,715$0$0$1,929,704
89$2,422,556$0$0$2,005,055
90$2,518,032$0$0$2,084,266
91$2,618,470$0$0$2,167,609
92$2,724,226$0$0$2,255,381
93$2,835,688$0$0$2,347,907
94$2,953,276$0$0$2,445,538
95$3,077,452$0$0$2,548,659
96$3,208,716$0$0$2,657,689
97$3,347,617$0$0$2,773,086
98$3,494,750$0$0$2,895,350
99$3,650,771$0$0$3,025,025
100$3,816,391$0$0$3,162,710