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%
1 years$45,418$45,014$44,619$44,234$43,858$42,268
2 years$22,484$22,066$21,660$21,266$20,885$19,300
3 years$14,841$14,420$14,015$13,626$13,250$11,721
4 years$11,020$10,600$10,200$9,816$9,450$7,988
5 years$8,728$8,311$7,915$7,540$7,184$5,793
6 years$7,200$6,786$6,397$6,030$5,684$4,365
7 years$6,109$5,699$5,316$4,957$4,623$3,375
8 years$5,292$4,885$4,508$4,159$3,835$2,658
9 years$4,656$4,254$3,883$3,542$3,230$2,122
10 years$4,148$3,749$3,385$3,053$2,752$1,711
11 years$3,732$3,338$2,980$2,657$2,367$1,390
12 years$3,386$2,996$2,645$2,331$2,051$1,137
13 years$3,094$2,707$2,363$2,058$1,788$934
14 years$2,843$2,461$2,123$1,827$1,568$771
15 years$2,626$2,248$1,917$1,629$1,380$638
16 years$2,437$2,063$1,738$1,459$1,220$529
17 years$2,270$1,900$1,582$1,311$1,082$440
18 years$2,121$1,755$1,444$1,181$962$367
19 years$1,989$1,627$1,322$1,067$857$306
20 years$1,869$1,512$1,213$967$766$256
21 years$1,762$1,408$1,116$877$685$214
22 years$1,664$1,314$1,028$798$614$179
23 years$1,575$1,229$949$726$551$150
24 years$1,493$1,152$878$663$496$125
25 years$1,418$1,081$813$605$446$105
26 years$1,349$1,016$754$553$402$88
27 years$1,285$956$700$506$362$74
28 years$1,226$901$651$464$327$62
29 years$1,171$850$606$425$295$52
30 years$1,120$803$564$390$267$44
31 years$1,072$759$526$359$241$37
32 years$1,027$718$491$330$218$31
33 years$985$680$458$303$197$26
34 years$946$644$428$279$179$22
35 years$908$611$400$257$162$18
36 years$874$580$375$236$147$15
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$6
42 years$700$429$254$145$82$5
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 $3,620 every year, while hoping to spend $22,091 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: 42/50/8 Blend
49$550,000$550,000$550,000$550,000
50$609,834$580,684$572,159$633,869
51$648,532$585,633$567,822$655,925
52$690,438$590,084$562,599$677,274
53$735,854$593,989$556,437$699,887
54$785,114$597,298$549,281$723,886
55$838,587$599,957$541,073$749,408
56$896,675$601,907$531,751$776,604
57$959,824$603,089$521,253$805,645
58$1,028,522$603,436$509,511$836,715
59$1,103,308$602,881$496,456$870,022
60$1,184,773$601,350$482,015$905,797
61$1,273,568$598,764$466,111$944,293
62$1,370,411$595,043$448,665$985,792
63$1,476,091$590,098$429,593$1,030,607
64$1,591,476$583,836$408,808$1,079,084
65$1,717,522$576,159$386,218$1,131,606
66$1,855,281$566,963$361,729$1,188,599
67$2,005,913$556,138$335,240$1,250,532
68$2,170,694$543,566$306,648$1,317,926
69$2,351,027$529,124$275,844$1,391,358
70$2,548,461$512,680$242,713$1,471,464
71$2,764,698$494,095$207,138$1,558,952
72$3,001,615$473,223$168,995$1,654,602
73$3,261,277$449,909$128,154$1,759,278
74$3,545,960$423,987$84,480$1,873,937
75$3,858,169$395,284$37,831$1,999,634
76$4,200,666$363,616$0$2,137,539
77$4,576,489$328,788$0$2,289,965
78$4,988,988$290,596$0$2,460,833
79$5,441,851$248,822$0$2,648,504
80$5,939,142$203,236$0$2,854,739
81$6,485,337$153,597$0$3,081,480
82$7,085,366$99,648$0$3,330,878
83$7,744,662$41,119$0$3,605,303
84$8,469,208$0$0$3,907,377
85$9,265,598$0$0$4,252,247
86$10,141,094$0$0$4,656,320
87$11,103,699$0$0$5,100,675
88$12,162,228$0$0$5,589,390
89$13,326,394$0$0$6,126,959
90$14,606,899$0$0$6,718,336
91$16,015,534$0$0$7,368,976
92$17,565,290$0$0$8,084,890
93$19,270,481$0$0$8,872,701
94$21,146,877$0$0$9,739,709
95$23,211,855$0$0$10,693,955
96$25,484,564$0$0$11,744,299
97$27,986,099$0$0$12,900,504
98$30,739,708$0$0$14,173,328
99$33,771,004$0$0$15,574,624
100$37,108,211$0$0$17,117,455