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%17.9%
1 years$45,418$45,014$44,619$44,234$43,858$42,454
2 years$22,484$22,066$21,660$21,266$20,885$19,483
3 years$14,841$14,420$14,015$13,626$13,250$11,895
4 years$11,020$10,600$10,200$9,816$9,450$8,152
5 years$8,728$8,311$7,915$7,540$7,184$5,946
6 years$7,200$6,786$6,397$6,030$5,684$4,508
7 years$6,109$5,699$5,316$4,957$4,623$3,507
8 years$5,292$4,885$4,508$4,159$3,835$2,780
9 years$4,656$4,254$3,883$3,542$3,230$2,234
10 years$4,148$3,749$3,385$3,053$2,752$1,814
11 years$3,732$3,338$2,980$2,657$2,367$1,485
12 years$3,386$2,996$2,645$2,331$2,051$1,223
13 years$3,094$2,707$2,363$2,058$1,788$1,013
14 years$2,843$2,461$2,123$1,827$1,568$842
15 years$2,626$2,248$1,917$1,629$1,380$702
16 years$2,437$2,063$1,738$1,459$1,220$587
17 years$2,270$1,900$1,582$1,311$1,082$492
18 years$2,121$1,755$1,444$1,181$962$414
19 years$1,989$1,627$1,322$1,067$857$348
20 years$1,869$1,512$1,213$967$766$293
21 years$1,762$1,408$1,116$877$685$247
22 years$1,664$1,314$1,028$798$614$209
23 years$1,575$1,229$949$726$551$176
24 years$1,493$1,152$878$663$496$149
25 years$1,418$1,081$813$605$446$126
26 years$1,349$1,016$754$553$402$107
27 years$1,285$956$700$506$362$90
28 years$1,226$901$651$464$327$76
29 years$1,171$850$606$425$295$65
30 years$1,120$803$564$390$267$55
31 years$1,072$759$526$359$241$46
32 years$1,027$718$491$330$218$39
33 years$985$680$458$303$197$33
34 years$946$644$428$279$179$28
35 years$908$611$400$257$162$24
36 years$874$580$375$236$147$20
37 years$841$551$351$218$133$17
38 years$809$524$328$201$120$15
39 years$780$498$308$185$109$12
40 years$752$474$288$171$99$10
41 years$725$451$270$158$90$9
42 years$700$429$254$145$82$8
43 years$676$409$238$134$74$6
44 years$653$390$223$124$67$5
45 years$632$372$210$114$61$5
46 years$611$355$197$106$55$4
47 years$591$339$185$98$50$3
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $5,126 every year, while hoping to spend $38,497 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: 21/49/30 Blend
49$550,000$550,000$550,000$550,000
50$611,387$582,237$573,712$618,349
51$632,788$569,807$551,971$612,737
52$655,082$555,476$528,212$603,236
53$678,319$539,113$502,325$592,250
54$702,553$520,575$474,198$579,685
55$727,843$499,713$443,714$565,441
56$754,251$476,367$410,747$549,412
57$781,847$450,371$375,169$531,489
58$810,704$421,548$336,845$511,555
59$840,900$389,708$295,634$489,489
60$872,523$354,655$251,389$465,163
61$905,666$316,179$203,956$438,444
62$940,430$274,058$153,175$409,191
63$976,925$228,058$98,877$377,258
64$1,015,271$177,932$40,889$342,492
65$1,055,597$123,419$0$304,731
66$1,098,045$64,243$0$270,527
67$1,142,767$113$0$247,390
68$1,189,932$0$0$222,098
69$1,239,722$0$0$231,879
70$1,292,335$0$0$242,322
71$1,347,990$0$0$253,414
72$1,406,921$0$0$265,208
73$1,469,389$0$0$277,762
74$1,535,677$0$0$291,140
75$1,606,092$0$0$305,412
76$1,680,973$0$0$320,653
77$1,760,691$0$0$336,949
78$1,845,650$0$0$354,389
79$1,936,295$0$0$373,075
80$2,033,110$0$0$393,116
81$2,136,628$0$0$414,635
82$2,247,434$0$0$437,763
83$2,366,168$0$0$462,647
84$2,493,531$0$0$489,446
85$2,630,296$0$0$518,336
86$2,777,306$0$0$549,511
87$2,935,491$0$0$583,182
88$3,105,870$0$0$619,582
89$3,289,563$0$0$658,969
90$3,487,801$0$0$701,622
91$3,701,933$0$0$747,853
92$3,933,446$0$0$798,000
93$4,183,971$0$0$852,440
94$4,455,303$0$0$911,584
95$4,749,416$0$0$975,884
96$5,068,477$0$0$1,045,840
97$5,414,873$0$0$1,121,999
98$5,791,228$0$0$1,204,965
99$6,200,428$0$0$1,295,402
100$6,645,649$0$0$1,394,041