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%19.4%
1 years$45,418$45,014$44,619$44,234$43,858$42,201
2 years$22,484$22,066$21,660$21,266$20,885$19,235
3 years$14,841$14,420$14,015$13,626$13,250$11,659
4 years$11,020$10,600$10,200$9,816$9,450$7,930
5 years$8,728$8,311$7,915$7,540$7,184$5,738
6 years$7,200$6,786$6,397$6,030$5,684$4,315
7 years$6,109$5,699$5,316$4,957$4,623$3,329
8 years$5,292$4,885$4,508$4,159$3,835$2,615
9 years$4,656$4,254$3,883$3,542$3,230$2,082
10 years$4,148$3,749$3,385$3,053$2,752$1,675
11 years$3,732$3,338$2,980$2,657$2,367$1,357
12 years$3,386$2,996$2,645$2,331$2,051$1,107
13 years$3,094$2,707$2,363$2,058$1,788$907
14 years$2,843$2,461$2,123$1,827$1,568$746
15 years$2,626$2,248$1,917$1,629$1,380$616
16 years$2,437$2,063$1,738$1,459$1,220$510
17 years$2,270$1,900$1,582$1,311$1,082$423
18 years$2,121$1,755$1,444$1,181$962$351
19 years$1,989$1,627$1,322$1,067$857$292
20 years$1,869$1,512$1,213$967$766$243
21 years$1,762$1,408$1,116$877$685$203
22 years$1,664$1,314$1,028$798$614$169
23 years$1,575$1,229$949$726$551$141
24 years$1,493$1,152$878$663$496$118
25 years$1,418$1,081$813$605$446$98
26 years$1,349$1,016$754$553$402$82
27 years$1,285$956$700$506$362$69
28 years$1,226$901$651$464$327$58
29 years$1,171$850$606$425$295$48
30 years$1,120$803$564$390$267$40
31 years$1,072$759$526$359$241$34
32 years$1,027$718$491$330$218$28
33 years$985$680$458$303$197$24
34 years$946$644$428$279$179$20
35 years$908$611$400$257$162$17
36 years$874$580$375$236$147$14
37 years$841$551$351$218$133$12
38 years$809$524$328$201$120$10
39 years$780$498$308$185$109$8
40 years$752$474$288$171$99$7
41 years$725$451$270$158$90$6
42 years$700$429$254$145$82$5
43 years$676$409$238$134$74$4
44 years$653$390$223$124$67$3
45 years$632$372$210$114$61$3
46 years$611$355$197$106$55$2
47 years$591$339$185$98$50$2
48 years$572$323$174$90$46$2
49 years$554$309$163$83$41$1
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 $6,563 every year, while hoping to spend $42,488 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: 75/14/11 Blend
49$550,000$550,000$550,000$550,000
50$612,870$583,720$575,195$657,064
51$630,176$567,115$549,257$670,504
52$647,823$548,273$521,026$679,237
53$665,801$527,038$490,381$687,621
54$684,097$503,248$457,193$695,608
55$702,697$476,730$421,332$703,146
56$721,583$447,300$382,656$710,176
57$740,731$414,764$341,022$716,636
58$760,118$378,920$296,279$722,457
59$779,713$339,550$248,267$727,566
60$799,481$296,425$196,821$731,882
61$819,383$249,305$141,770$735,316
62$839,373$197,934$82,932$737,774
63$859,400$142,043$20,121$739,151
64$879,403$81,348$0$739,335
65$899,315$15,547$0$743,708
66$919,060$0$0$749,509
67$938,551$0$0$762,830
68$957,692$0$0$778,244
69$976,372$0$0$793,264
70$994,469$0$0$807,790
71$1,011,845$0$0$821,705
72$1,028,345$0$0$834,884
73$1,043,797$0$0$847,181
74$1,058,008$0$0$858,437
75$1,070,762$0$0$868,474
76$1,081,820$0$0$877,093
77$1,090,913$0$0$884,072
78$1,097,745$0$0$889,165
79$1,101,983$0$0$892,097
80$1,103,260$0$0$892,564
81$1,101,167$0$0$890,227
82$1,095,249$0$0$884,710
83$1,085,004$0$0$875,596
84$1,069,872$0$0$862,422
85$1,049,234$0$0$844,677
86$1,022,403$0$0$821,792
87$988,618$0$0$793,138
88$947,039$0$0$758,018
89$896,732$0$0$715,661
90$836,667$0$0$665,214
91$765,701$0$0$605,733
92$682,574$0$0$536,174
93$585,889$0$0$455,383
94$474,103$0$0$362,083
95$345,511$0$0$254,864
96$198,229$0$0$132,168
97$30,175$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0