Can I retire at age 50 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$45,914$45,505$45,106$44,717$44,336$42,611
2 years$22,730$22,306$21,896$21,498$21,112$19,395
3 years$15,003$14,577$14,168$13,774$13,395$11,739
4 years$11,140$10,716$10,311$9,924$9,553$7,972
5 years$8,823$8,401$8,002$7,622$7,262$5,760
6 years$7,279$6,860$6,467$6,096$5,746$4,324
7 years$6,176$5,761$5,374$5,011$4,673$3,330
8 years$5,349$4,939$4,557$4,204$3,877$2,611
9 years$4,707$4,300$3,925$3,581$3,265$2,075
10 years$4,193$3,790$3,422$3,087$2,782$1,666
11 years$3,773$3,374$3,013$2,686$2,393$1,348
12 years$3,423$3,028$2,674$2,356$2,073$1,097
13 years$3,128$2,737$2,389$2,080$1,808$897
14 years$2,874$2,488$2,146$1,847$1,585$737
15 years$2,655$2,273$1,938$1,647$1,395$607
16 years$2,463$2,085$1,757$1,475$1,233$501
17 years$2,294$1,920$1,599$1,325$1,094$414
18 years$2,144$1,774$1,459$1,194$972$343
19 years$2,010$1,644$1,336$1,079$867$285
20 years$1,890$1,528$1,226$977$774$237
21 years$1,781$1,423$1,128$887$693$197
22 years$1,682$1,329$1,039$806$621$164
23 years$1,592$1,243$960$734$557$136
24 years$1,509$1,164$888$670$501$114
25 years$1,433$1,093$822$612$451$95
26 years$1,364$1,027$762$559$406$79
27 years$1,299$966$708$512$366$66
28 years$1,239$911$658$469$330$55
29 years$1,184$859$613$430$298$46
30 years$1,132$811$571$395$270$38
31 years$1,083$767$532$363$244$32
32 years$1,038$726$496$333$220$27
33 years$996$687$463$306$199$22
34 years$956$651$433$282$181$19
35 years$918$618$405$260$164$16
36 years$883$586$379$239$148$13
37 years$850$557$354$220$134$11
38 years$818$529$332$203$122$9
39 years$788$503$311$187$110$8
40 years$760$479$291$173$100$6
41 years$733$456$273$159$91$5
42 years$708$434$256$147$82$4
43 years$684$414$241$136$75$4
44 years$661$394$226$125$68$3
45 years$639$376$212$116$62$3
46 years$618$359$199$107$56$2
47 years$598$342$187$99$51$2
48 years$579$327$176$91$46$1
49 years$560$312$165$84$42$1
50 years$543$298$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $556,000, adding $2,641 every year, while hoping to spend $43,119 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: 62/22/16 Blend
49$556,000$556,000$556,000$556,000
50$615,436$585,968$577,350$650,975
51$632,332$568,802$550,813$658,027
52$649,507$549,350$521,942$660,613
53$666,942$527,454$490,613$662,410
54$684,619$502,948$456,697$663,345
55$702,512$475,654$420,058$663,339
56$720,594$445,387$380,556$662,307
57$738,833$411,950$338,043$660,156
58$757,192$375,133$292,365$656,788
59$775,628$334,717$243,362$652,096
60$794,092$290,468$190,865$645,966
61$812,529$242,141$134,698$638,273
62$830,876$189,475$74,680$628,886
63$849,062$132,195$10,618$617,661
64$867,006$70,012$0$604,441
65$884,617$2,619$0$598,921
66$901,793$0$0$593,635
67$918,421$0$0$603,632
68$934,371$0$0$613,778
69$949,499$0$0$623,338
70$963,644$0$0$632,203
71$976,628$0$0$640,249
72$988,248$0$0$647,337
73$998,282$0$0$653,315
74$1,006,480$0$0$658,010
75$1,012,565$0$0$661,234
76$1,016,229$0$0$662,773
77$1,017,128$0$0$662,394
78$1,014,882$0$0$659,834
79$1,009,069$0$0$654,804
80$999,218$0$0$646,983
81$984,811$0$0$636,014
82$965,269$0$0$621,502
83$939,954$0$0$603,008
84$908,159$0$0$580,049
85$869,099$0$0$552,088
86$821,906$0$0$518,530
87$765,620$0$0$478,718
88$699,180$0$0$431,925
89$621,410$0$0$377,348
90$531,011$0$0$314,096
91$426,548$0$0$241,188
92$306,432$0$0$157,537
93$168,911$0$0$61,944
94$12,045$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