Can I retire at age 50 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,418$45,014$44,619$44,234$43,858$42,659
2 years$22,484$22,066$21,660$21,266$20,885$19,686
3 years$14,841$14,420$14,015$13,626$13,250$12,089
4 years$11,020$10,600$10,200$9,816$9,450$8,335
5 years$8,728$8,311$7,915$7,540$7,184$6,118
6 years$7,200$6,786$6,397$6,030$5,684$4,669
7 years$6,109$5,699$5,316$4,957$4,623$3,658
8 years$5,292$4,885$4,508$4,159$3,835$2,920
9 years$4,656$4,254$3,883$3,542$3,230$2,363
10 years$4,148$3,749$3,385$3,053$2,752$1,933
11 years$3,732$3,338$2,980$2,657$2,367$1,595
12 years$3,386$2,996$2,645$2,331$2,051$1,324
13 years$3,094$2,707$2,363$2,058$1,788$1,105
14 years$2,843$2,461$2,123$1,827$1,568$926
15 years$2,626$2,248$1,917$1,629$1,380$779
16 years$2,437$2,063$1,738$1,459$1,220$658
17 years$2,270$1,900$1,582$1,311$1,082$556
18 years$2,121$1,755$1,444$1,181$962$471
19 years$1,989$1,627$1,322$1,067$857$400
20 years$1,869$1,512$1,213$967$766$340
21 years$1,762$1,408$1,116$877$685$289
22 years$1,664$1,314$1,028$798$614$247
23 years$1,575$1,229$949$726$551$210
24 years$1,493$1,152$878$663$496$179
25 years$1,418$1,081$813$605$446$153
26 years$1,349$1,016$754$553$402$131
27 years$1,285$956$700$506$362$112
28 years$1,226$901$651$464$327$96
29 years$1,171$850$606$425$295$82
30 years$1,120$803$564$390$267$70
31 years$1,072$759$526$359$241$60
32 years$1,027$718$491$330$218$51
33 years$985$680$458$303$197$44
34 years$946$644$428$279$179$38
35 years$908$611$400$257$162$32
36 years$874$580$375$236$147$28
37 years$841$551$351$218$133$24
38 years$809$524$328$201$120$20
39 years$780$498$308$185$109$17
40 years$752$474$288$171$99$15
41 years$725$451$270$158$90$13
42 years$700$429$254$145$82$11
43 years$676$409$238$134$74$9
44 years$653$390$223$124$67$8
45 years$632$372$210$114$61$7
46 years$611$355$197$106$55$6
47 years$591$339$185$98$50$5
48 years$572$323$174$90$46$4
49 years$554$309$163$83$41$4
50 years$537$295$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $3,647 every year, while hoping to spend $36,255 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: 64/8/28 Blend
49$550,000$550,000$550,000$550,000
50$609,862$580,712$572,187$644,141
51$633,493$570,592$552,780$657,669
52$658,319$558,761$531,508$668,125
53$684,424$545,096$508,270$678,763
54$711,899$529,470$482,961$689,607
55$740,842$511,744$455,470$700,682
56$771,363$491,773$425,682$712,020
57$803,577$469,406$393,478$723,655
58$837,614$444,478$358,732$735,629
59$873,612$416,820$321,311$747,987
60$911,726$386,249$281,080$760,782
61$952,120$352,574$237,895$774,075
62$994,978$315,591$191,605$787,933
63$1,040,498$275,087$142,057$802,434
64$1,088,898$230,836$89,085$817,666
65$1,140,416$182,598$32,520$833,727
66$1,195,314$130,120$0$850,728
67$1,253,876$73,136$0$877,115
68$1,316,416$11,364$0$915,618
69$1,383,276$0$0$956,729
70$1,454,832$0$0$1,005,570
71$1,531,497$0$0$1,058,994
72$1,613,721$0$0$1,116,320
73$1,702,003$0$0$1,177,896
74$1,796,884$0$0$1,244,106
75$1,898,964$0$0$1,315,370
76$2,008,899$0$0$1,392,150
77$2,127,408$0$0$1,474,955
78$2,255,283$0$0$1,564,341
79$2,393,395$0$0$1,660,921
80$2,542,698$0$0$1,765,368
81$2,704,243$0$0$1,878,422
82$2,879,185$0$0$2,000,897
83$3,068,793$0$0$2,133,687
84$3,274,462$0$0$2,277,775
85$3,497,729$0$0$2,434,244
86$3,740,280$0$0$2,604,283
87$4,003,974$0$0$2,789,201
88$4,290,854$0$0$2,990,437
89$4,603,167$0$0$3,209,578
90$4,943,388$0$0$3,448,365
91$5,314,238$0$0$3,708,718
92$5,718,714$0$0$3,992,748
93$6,160,112$0$0$4,302,780
94$6,642,063$0$0$4,641,373
95$7,168,562$0$0$5,011,343
96$7,744,008$0$0$5,415,792
97$8,373,243$0$0$5,858,133
98$9,061,599$0$0$6,342,125
99$9,814,948$0$0$6,871,909
100$10,639,754$0$0$7,452,041