Can I retire at age 50 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$45,666$45,259$44,863$44,475$44,097$42,668
2 years$22,607$22,186$21,778$21,382$20,999$19,573
3 years$14,922$14,499$14,092$13,700$13,322$11,944
4 years$11,080$10,658$10,255$9,870$9,502$8,181
5 years$8,775$8,356$7,958$7,581$7,223$5,964
6 years$7,239$6,823$6,432$6,063$5,715$4,519
7 years$6,143$5,730$5,345$4,984$4,648$3,514
8 years$5,321$4,912$4,533$4,181$3,856$2,784
9 years$4,681$4,277$3,904$3,562$3,247$2,236
10 years$4,171$3,770$3,404$3,070$2,767$1,814
11 years$3,753$3,356$2,997$2,672$2,380$1,484
12 years$3,405$3,012$2,659$2,344$2,062$1,222
13 years$3,111$2,722$2,376$2,069$1,798$1,011
14 years$2,859$2,474$2,135$1,837$1,576$840
15 years$2,641$2,260$1,927$1,638$1,388$700
16 years$2,450$2,074$1,747$1,467$1,227$585
17 years$2,282$1,910$1,590$1,318$1,088$490
18 years$2,133$1,765$1,452$1,188$967$411
19 years$1,999$1,636$1,329$1,073$862$346
20 years$1,879$1,520$1,220$972$770$291
21 years$1,771$1,416$1,122$882$689$245
22 years$1,673$1,322$1,034$802$618$207
23 years$1,583$1,236$955$730$554$175
24 years$1,501$1,158$883$666$498$147
25 years$1,426$1,087$818$608$448$125
26 years$1,356$1,021$758$556$404$105
27 years$1,292$961$704$509$364$89
28 years$1,233$906$655$466$329$75
29 years$1,177$854$609$428$297$64
30 years$1,126$807$567$393$268$54
31 years$1,078$763$529$361$242$46
32 years$1,033$722$494$331$219$39
33 years$990$684$461$305$198$33
34 years$951$648$431$280$180$28
35 years$913$615$403$258$163$23
36 years$878$583$377$238$147$20
37 years$845$554$353$219$134$17
38 years$814$526$330$202$121$14
39 years$784$501$309$186$110$12
40 years$756$476$290$172$100$10
41 years$729$453$272$158$90$9
42 years$704$432$255$146$82$7
43 years$680$411$239$135$74$6
44 years$657$392$225$125$68$5
45 years$635$374$211$115$61$4
46 years$614$357$198$106$56$4
47 years$594$340$186$98$51$3
48 years$575$325$175$91$46$3
49 years$557$310$164$84$42$2
50 years$540$296$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $553,000, adding $5,215 every year, while hoping to spend $28,263 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: 24/49/27 Blend
49$553,000$553,000$553,000$553,000
50$614,785$585,476$576,905$624,212
51$647,422$584,093$566,159$631,174
52$682,440$581,695$554,107$635,894
53$720,053$578,202$540,674$640,354
54$760,494$573,530$525,782$644,551
55$804,021$567,589$509,353$648,485
56$850,916$560,285$491,300$652,158
57$901,487$551,517$471,537$655,575
58$956,076$541,179$449,970$658,746
59$1,015,056$529,157$426,504$661,685
60$1,078,837$515,331$401,038$664,411
61$1,147,873$499,576$373,467$666,950
62$1,222,658$481,758$343,680$669,333
63$1,303,739$461,734$311,563$671,599
64$1,391,716$439,354$276,996$673,797
65$1,487,248$414,460$239,853$675,985
66$1,591,063$386,884$200,004$678,232
67$1,703,959$356,449$157,311$680,620
68$1,826,814$322,966$111,632$683,245
69$1,960,595$286,238$62,818$686,220
70$2,106,367$246,054$10,713$689,675
71$2,265,299$202,194$0$693,760
72$2,438,682$154,424$0$711,582
73$2,627,932$102,495$0$734,541
74$2,834,612$46,149$0$759,825
75$3,060,441$0$0$787,749
76$3,307,310$0$0$826,691
77$3,577,302$0$0$896,585
78$3,872,712$0$0$973,155
79$4,196,066$0$0$1,057,066
80$4,550,144$0$0$1,149,052
81$4,938,010$0$0$1,249,922
82$5,363,036$0$0$1,360,567
83$5,828,938$0$0$1,481,966
84$6,339,806$0$0$1,615,201
85$6,900,146$0$0$1,761,461
86$7,514,922$0$0$1,922,057
87$8,189,601$0$0$2,098,433
88$8,930,203$0$0$2,292,179
89$9,743,363$0$0$2,505,049
90$10,636,387$0$0$2,738,972
91$11,617,324$0$0$2,996,075
92$12,695,041$0$0$3,278,700
93$13,879,308$0$0$3,589,430
94$15,180,885$0$0$3,931,108
95$16,611,628$0$0$4,306,867
96$18,184,599$0$0$4,720,160
97$19,914,188$0$0$5,174,788
98$21,816,251$0$0$5,674,944
99$23,908,255$0$0$6,225,244
100$26,209,445$0$0$6,830,776