Can I retire at age 50 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$45,006$44,605$44,214$43,832$43,459$41,817
2 years$22,280$21,865$21,463$21,073$20,695$19,060
3 years$14,706$14,289$13,888$13,502$13,130$11,553
4 years$10,919$10,504$10,107$9,727$9,364$7,858
5 years$8,648$8,235$7,843$7,471$7,118$5,686
6 years$7,135$6,725$6,339$5,975$5,633$4,275
7 years$6,054$5,647$5,267$4,912$4,581$3,298
8 years$5,244$4,841$4,467$4,121$3,800$2,591
9 years$4,614$4,215$3,848$3,510$3,200$2,063
10 years$4,110$3,715$3,354$3,026$2,727$1,659
11 years$3,698$3,307$2,953$2,633$2,345$1,345
12 years$3,356$2,969$2,621$2,310$2,032$1,097
13 years$3,066$2,683$2,342$2,039$1,772$899
14 years$2,817$2,438$2,104$1,810$1,553$740
15 years$2,602$2,228$1,900$1,614$1,368$610
16 years$2,415$2,044$1,722$1,445$1,209$505
17 years$2,249$1,882$1,567$1,299$1,072$419
18 years$2,102$1,739$1,431$1,170$953$348
19 years$1,970$1,612$1,310$1,058$849$289
20 years$1,852$1,498$1,202$958$759$241
21 years$1,746$1,395$1,106$869$679$201
22 years$1,649$1,302$1,019$790$609$167
23 years$1,560$1,218$941$720$546$140
24 years$1,479$1,141$870$657$491$117
25 years$1,405$1,071$806$600$442$98
26 years$1,337$1,007$747$548$398$82
27 years$1,273$947$694$502$359$68
28 years$1,215$893$645$460$324$57
29 years$1,160$842$600$422$292$48
30 years$1,109$795$559$387$264$40
31 years$1,062$752$521$355$239$33
32 years$1,018$711$486$327$216$28
33 years$976$674$454$300$196$23
34 years$937$639$424$276$177$20
35 years$900$606$397$254$160$16
36 years$866$575$371$234$145$14
37 years$833$546$347$216$132$11
38 years$802$519$325$199$119$10
39 years$773$493$305$183$108$8
40 years$745$469$286$169$98$7
41 years$719$447$268$156$89$6
42 years$694$426$251$144$81$5
43 years$670$405$236$133$73$4
44 years$648$386$221$123$67$3
45 years$626$369$208$113$60$3
46 years$605$352$195$105$55$2
47 years$586$336$183$97$50$2
48 years$567$320$172$89$45$2
49 years$549$306$162$83$41$1
50 years$532$292$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $545,000, adding $6,989 every year, while hoping to spend $45,029 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: 70/24/6 Blend
49$545,000$545,000$545,000$545,000
50$607,799$578,914$570,467$649,364
51$621,884$559,370$541,667$658,218
52$635,897$537,360$510,393$661,675
53$649,782$512,714$476,515$664,213
54$663,477$485,255$439,896$665,731
55$676,913$454,794$400,394$666,118
56$690,012$421,132$357,860$665,255
57$702,683$384,058$312,139$663,011
58$714,830$343,350$263,068$659,244
59$726,340$298,771$210,479$653,799
60$737,091$250,075$154,193$646,506
61$746,942$196,997$94,027$637,182
62$755,741$139,260$29,788$625,625
63$763,314$76,572$0$611,617
64$769,470$8,622$0$597,401
65$773,996$0$0$582,430
66$776,653$0$0$581,670
67$777,178$0$0$581,526
68$775,278$0$0$579,493
69$770,627$0$0$575,321
70$762,864$0$0$568,730
71$751,589$0$0$559,411
72$736,358$0$0$547,020
73$716,678$0$0$531,177
74$692,006$0$0$511,462
75$661,737$0$0$487,408
76$625,203$0$0$458,500
77$581,666$0$0$424,167
78$530,308$0$0$383,776
79$470,225$0$0$336,631
80$400,417$0$0$281,959
81$319,778$0$0$218,907
82$227,088$0$0$146,531
83$120,997$0$0$63,789
84$12$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0