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%18.9%
1 years$45,418$45,014$44,619$44,234$43,858$42,285
2 years$22,484$22,066$21,660$21,266$20,885$19,317
3 years$14,841$14,420$14,015$13,626$13,250$11,737
4 years$11,020$10,600$10,200$9,816$9,450$8,003
5 years$8,728$8,311$7,915$7,540$7,184$5,807
6 years$7,200$6,786$6,397$6,030$5,684$4,378
7 years$6,109$5,699$5,316$4,957$4,623$3,387
8 years$5,292$4,885$4,508$4,159$3,835$2,669
9 years$4,656$4,254$3,883$3,542$3,230$2,132
10 years$4,148$3,749$3,385$3,053$2,752$1,720
11 years$3,732$3,338$2,980$2,657$2,367$1,399
12 years$3,386$2,996$2,645$2,331$2,051$1,144
13 years$3,094$2,707$2,363$2,058$1,788$941
14 years$2,843$2,461$2,123$1,827$1,568$777
15 years$2,626$2,248$1,917$1,629$1,380$644
16 years$2,437$2,063$1,738$1,459$1,220$534
17 years$2,270$1,900$1,582$1,311$1,082$445
18 years$2,121$1,755$1,444$1,181$962$371
19 years$1,989$1,627$1,322$1,067$857$310
20 years$1,869$1,512$1,213$967$766$259
21 years$1,762$1,408$1,116$877$685$216
22 years$1,664$1,314$1,028$798$614$181
23 years$1,575$1,229$949$726$551$152
24 years$1,493$1,152$878$663$496$127
25 years$1,418$1,081$813$605$446$107
26 years$1,349$1,016$754$553$402$90
27 years$1,285$956$700$506$362$75
28 years$1,226$901$651$464$327$63
29 years$1,171$850$606$425$295$53
30 years$1,120$803$564$390$267$45
31 years$1,072$759$526$359$241$38
32 years$1,027$718$491$330$218$32
33 years$985$680$458$303$197$26
34 years$946$644$428$279$179$22
35 years$908$611$400$257$162$19
36 years$874$580$375$236$147$16
37 years$841$551$351$218$133$13
38 years$809$524$328$201$120$11
39 years$780$498$308$185$109$9
40 years$752$474$288$171$99$8
41 years$725$451$270$158$90$7
42 years$700$429$254$145$82$6
43 years$676$409$238$134$74$5
44 years$653$390$223$124$67$4
45 years$632$372$210$114$61$3
46 years$611$355$197$106$55$3
47 years$591$339$185$98$50$2
48 years$572$323$174$90$46$2
49 years$554$309$163$83$41$2
50 years$537$295$154$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $550,000, adding $6,433 every year, while hoping to spend $38,679 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: 28/43/29 Blend
49$550,000$550,000$550,000$550,000
50$612,736$583,586$575,061$624,264
51$634,081$571,027$553,171$621,461
52$656,306$556,557$529,252$614,700
53$679,462$540,041$503,194$606,664
54$703,600$521,336$474,884$597,272
55$728,777$500,291$444,203$586,437
56$755,055$476,748$411,026$574,069
57$782,500$450,538$375,224$560,074
58$811,182$421,481$336,662$544,353
59$841,179$389,391$295,197$526,802
60$872,575$354,066$250,681$507,312
61$905,459$315,297$202,960$485,770
62$939,929$272,860$151,873$462,058
63$976,093$226,521$97,251$436,051
64$1,014,063$176,030$38,919$407,621
65$1,053,967$121,124$0$376,632
66$1,095,940$61,528$0$350,165
67$1,140,130$0$0$334,173
68$1,186,698$0$0$317,957
69$1,235,819$0$0$331,595
70$1,287,686$0$0$346,032
71$1,342,506$0$0$361,332
72$1,400,507$0$0$377,562
73$1,461,937$0$0$394,798
74$1,527,069$0$0$413,121
75$1,596,199$0$0$432,623
76$1,669,651$0$0$453,400
77$1,747,780$0$0$475,561
78$1,830,975$0$0$499,224
79$1,919,661$0$0$524,518
80$2,014,303$0$0$551,585
81$2,115,412$0$0$580,580
82$2,223,548$0$0$611,674
83$2,339,323$0$0$645,053
84$2,463,409$0$0$680,923
85$2,596,545$0$0$719,509
86$2,739,539$0$0$761,058
87$2,893,280$0$0$805,842
88$3,058,744$0$0$854,160
89$3,237,001$0$0$906,339
90$3,429,228$0$0$962,740
91$3,636,716$0$0$1,023,758
92$3,860,886$0$0$1,089,829
93$4,103,298$0$0$1,161,431
94$4,365,667$0$0$1,239,090
95$4,649,878$0$0$1,323,385
96$4,958,005$0$0$1,414,952
97$5,292,327$0$0$1,514,491
98$5,655,350$0$0$1,622,772
99$6,049,832$0$0$1,740,643
100$6,478,808$0$0$1,869,036