Can I retire at age 50 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$44,428$44,032$43,646$43,269$42,901$42,648
2 years$21,994$21,584$21,187$20,802$20,429$20,174
3 years$14,517$14,106$13,710$13,328$12,961$12,712
4 years$10,779$10,369$9,977$9,602$9,244$9,002
5 years$8,537$8,129$7,743$7,375$7,027$6,794
6 years$7,043$6,638$6,257$5,898$5,560$5,336
7 years$5,976$5,575$5,200$4,849$4,522$4,306
8 years$5,176$4,779$4,410$4,068$3,751$3,544
9 years$4,555$4,161$3,798$3,465$3,159$2,961
10 years$4,057$3,667$3,311$2,987$2,692$2,502
11 years$3,651$3,265$2,915$2,599$2,315$2,133
12 years$3,312$2,930$2,587$2,280$2,006$1,833
13 years$3,026$2,648$2,311$2,013$1,749$1,584
14 years$2,781$2,407$2,077$1,787$1,534$1,376
15 years$2,569$2,199$1,875$1,594$1,350$1,201
16 years$2,384$2,018$1,700$1,427$1,193$1,051
17 years$2,220$1,858$1,547$1,282$1,058$923
18 years$2,075$1,717$1,412$1,155$941$813
19 years$1,945$1,591$1,293$1,044$839$717
20 years$1,828$1,479$1,186$946$749$634
21 years$1,723$1,377$1,091$858$670$562
22 years$1,627$1,286$1,006$780$601$499
23 years$1,540$1,202$929$711$539$443
24 years$1,460$1,127$859$648$485$394
25 years$1,387$1,057$796$592$436$351
26 years$1,319$994$738$541$393$312
27 years$1,257$935$685$495$354$279
28 years$1,199$881$637$454$320$249
29 years$1,145$831$593$416$289$222
30 years$1,095$785$552$382$261$198
31 years$1,048$742$515$351$236$177
32 years$1,005$702$480$322$213$159
33 years$963$665$448$296$193$142
34 years$925$630$419$273$175$127
35 years$889$598$392$251$158$114
36 years$854$567$366$231$143$102
37 years$822$539$343$213$130$91
38 years$792$512$321$196$118$82
39 years$763$487$301$181$107$73
40 years$736$463$282$167$97$66
41 years$710$441$264$154$88$59
42 years$685$420$248$142$80$53
43 years$662$400$233$131$72$47
44 years$639$382$218$121$66$42
45 years$618$364$205$112$60$38
46 years$598$347$193$103$54$34
47 years$578$331$181$96$49$31
48 years$560$316$170$88$45$27
49 years$542$302$160$82$41$25
50 years$525$288$150$75$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $538,000, adding $4,176 every year, while hoping to spend $32,867 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: 56/22/22 Blend
49$538,000$538,000$538,000$538,000
50$597,184$568,670$560,331$626,850
51$623,126$561,564$544,131$640,493
52$650,613$553,009$526,288$651,507
53$679,768$542,898$506,711$662,800
54$710,724$531,120$485,305$674,407
55$743,628$517,556$461,974$686,368
56$778,642$502,080$436,614$698,733
57$815,942$484,560$409,118$711,552
58$855,718$464,854$379,374$724,888
59$898,183$442,814$347,265$738,811
60$943,568$418,282$312,669$753,397
61$992,126$391,091$275,457$768,737
62$1,044,135$361,067$235,497$784,931
63$1,099,899$328,022$192,649$802,092
64$1,159,753$291,759$146,766$820,349
65$1,224,064$252,071$97,699$839,844
66$1,293,234$208,737$45,287$860,741
67$1,367,705$161,527$0$883,220
68$1,447,962$110,193$0$909,985
69$1,534,540$54,478$0$950,272
70$1,628,023$0$0$993,737
71$1,729,056$0$0$1,042,138
72$1,838,346$0$0$1,108,799
73$1,956,671$0$0$1,181,011
74$2,084,885$0$0$1,259,300
75$2,223,930$0$0$1,344,246
76$2,374,838$0$0$1,436,487
77$2,538,746$0$0$1,536,722
78$2,716,907$0$0$1,645,724
79$2,910,694$0$0$1,764,340
80$3,121,623$0$0$1,893,503
81$3,351,359$0$0$2,034,241
82$3,601,735$0$0$2,187,683
83$3,874,768$0$0$2,355,074
84$4,172,678$0$0$2,537,783
85$4,497,910$0$0$2,737,317
86$4,853,154$0$0$2,955,334
87$5,241,371$0$0$3,193,661
88$5,665,822$0$0$3,454,310
89$6,130,096$0$0$3,739,494
90$6,638,147$0$0$4,051,652
91$7,194,326$0$0$4,393,468
92$7,803,427$0$0$4,767,898
93$8,470,727$0$0$5,178,198
94$9,202,040$0$0$5,627,954
95$10,003,767$0$0$6,121,115
96$10,882,958$0$0$6,662,031
97$11,847,379$0$0$7,255,491
98$12,905,583$0$0$7,906,774
99$14,066,991$0$0$8,621,690
100$15,341,983$0$0$9,406,644