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%17.5%
1 years$45,418$45,014$44,619$44,234$43,858$42,522
2 years$22,484$22,066$21,660$21,266$20,885$19,550
3 years$14,841$14,420$14,015$13,626$13,250$11,959
4 years$11,020$10,600$10,200$9,816$9,450$8,212
5 years$8,728$8,311$7,915$7,540$7,184$6,003
6 years$7,200$6,786$6,397$6,030$5,684$4,561
7 years$6,109$5,699$5,316$4,957$4,623$3,557
8 years$5,292$4,885$4,508$4,159$3,835$2,826
9 years$4,656$4,254$3,883$3,542$3,230$2,276
10 years$4,148$3,749$3,385$3,053$2,752$1,853
11 years$3,732$3,338$2,980$2,657$2,367$1,520
12 years$3,386$2,996$2,645$2,331$2,051$1,256
13 years$3,094$2,707$2,363$2,058$1,788$1,043
14 years$2,843$2,461$2,123$1,827$1,568$869
15 years$2,626$2,248$1,917$1,629$1,380$727
16 years$2,437$2,063$1,738$1,459$1,220$610
17 years$2,270$1,900$1,582$1,311$1,082$513
18 years$2,121$1,755$1,444$1,181$962$432
19 years$1,989$1,627$1,322$1,067$857$365
20 years$1,869$1,512$1,213$967$766$308
21 years$1,762$1,408$1,116$877$685$260
22 years$1,664$1,314$1,028$798$614$221
23 years$1,575$1,229$949$726$551$187
24 years$1,493$1,152$878$663$496$158
25 years$1,418$1,081$813$605$446$134
26 years$1,349$1,016$754$553$402$114
27 years$1,285$956$700$506$362$97
28 years$1,226$901$651$464$327$82
29 years$1,171$850$606$425$295$70
30 years$1,120$803$564$390$267$59
31 years$1,072$759$526$359$241$51
32 years$1,027$718$491$330$218$43
33 years$985$680$458$303$197$37
34 years$946$644$428$279$179$31
35 years$908$611$400$257$162$26
36 years$874$580$375$236$147$22
37 years$841$551$351$218$133$19
38 years$809$524$328$201$120$16
39 years$780$498$308$185$109$14
40 years$752$474$288$171$99$12
41 years$725$451$270$158$90$10
42 years$700$429$254$145$82$9
43 years$676$409$238$134$74$7
44 years$653$390$223$124$67$6
45 years$632$372$210$114$61$5
46 years$611$355$197$106$55$4
47 years$591$339$185$98$50$4
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$3
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 $4,157 every year, while hoping to spend $43,738 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: 76/19/5 Blend
49$550,000$550,000$550,000$550,000
50$610,388$581,238$572,713$656,274
51$626,111$563,182$545,362$668,928
52$641,971$542,775$515,629$676,738
53$657,937$519,856$483,387$684,009
54$673,972$494,254$448,506$690,672
55$690,034$465,789$410,848$696,647
56$706,074$434,270$370,268$701,849
57$722,039$399,494$326,617$706,185
58$737,867$361,249$279,739$709,552
59$753,487$319,308$229,468$711,838
60$768,822$273,434$175,635$712,923
61$783,784$223,374$118,060$712,672
62$798,272$168,862$56,557$710,941
63$812,177$109,616$0$707,569
64$825,373$45,341$0$702,868
65$837,720$0$0$699,415
66$849,065$0$0$699,069
67$859,232$0$0$707,205
68$868,029$0$0$714,181
69$875,239$0$0$719,816
70$880,623$0$0$723,909
71$883,914$0$0$726,235
72$884,814$0$0$726,547
73$882,995$0$0$724,566
74$878,089$0$0$719,986
75$869,692$0$0$712,468
76$857,353$0$0$701,632
77$840,571$0$0$687,060
78$818,795$0$0$668,288
79$791,411$0$0$644,804
80$757,741$0$0$616,036
81$717,032$0$0$581,357
82$668,455$0$0$540,068
83$611,088$0$0$491,399
84$543,916$0$0$434,498
85$465,812$0$0$368,422
86$375,534$0$0$292,129
87$271,707$0$0$204,467
88$152,813$0$0$104,163
89$17,173$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