Can I retire at age 50 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$45,997$45,587$45,187$44,797$44,416$43,063
2 years$22,771$22,346$21,935$21,537$21,150$19,799
3 years$15,030$14,604$14,194$13,799$13,419$12,111
4 years$11,160$10,735$10,329$9,941$9,570$8,317
5 years$8,839$8,417$8,016$7,636$7,275$6,079
6 years$7,292$6,873$6,478$6,107$5,757$4,619
7 years$6,187$5,772$5,383$5,021$4,682$3,602
8 years$5,359$4,947$4,566$4,212$3,884$2,862
9 years$4,715$4,308$3,932$3,587$3,271$2,305
10 years$4,201$3,797$3,428$3,092$2,787$1,876
11 years$3,780$3,380$3,018$2,691$2,397$1,540
12 years$3,429$3,034$2,679$2,361$2,077$1,272
13 years$3,133$2,742$2,393$2,084$1,811$1,056
14 years$2,879$2,492$2,150$1,850$1,588$880
15 years$2,660$2,277$1,941$1,650$1,398$736
16 years$2,468$2,089$1,760$1,477$1,236$618
17 years$2,298$1,924$1,602$1,327$1,095$519
18 years$2,148$1,778$1,462$1,196$974$437
19 years$2,014$1,647$1,338$1,081$868$369
20 years$1,893$1,531$1,228$979$775$312
21 years$1,784$1,426$1,130$888$694$264
22 years$1,685$1,331$1,041$808$622$223
23 years$1,595$1,245$962$736$558$189
24 years$1,512$1,166$889$671$502$160
25 years$1,436$1,095$824$613$452$136
26 years$1,366$1,029$764$560$407$116
27 years$1,301$968$709$513$367$98
28 years$1,241$912$659$470$331$83
29 years$1,186$861$614$431$299$71
30 years$1,134$813$572$395$270$60
31 years$1,085$768$533$363$244$51
32 years$1,040$727$497$334$221$43
33 years$998$689$464$307$200$37
34 years$958$653$434$282$181$31
35 years$920$619$406$260$164$27
36 years$885$587$379$239$148$23
37 years$851$558$355$221$135$19
38 years$820$530$332$203$122$16
39 years$790$504$312$187$111$14
40 years$762$480$292$173$100$12
41 years$735$457$274$160$91$10
42 years$709$435$257$147$83$9
43 years$685$414$241$136$75$7
44 years$662$395$226$125$68$6
45 years$640$377$212$116$62$5
46 years$619$359$199$107$56$5
47 years$599$343$187$99$51$4
48 years$580$327$176$91$46$3
49 years$561$313$166$84$42$3
50 years$544$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $557,000, adding $3,543 every year, while hoping to spend $31,921 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: 39/33/28 Blend
49$557,000$557,000$557,000$557,000
50$617,469$587,948$579,314$636,309
51$646,487$582,793$564,757$645,241
52$677,395$576,317$548,643$651,689
53$710,352$568,419$530,886$658,053
54$745,532$558,996$511,395$664,345
55$783,127$547,937$490,077$670,582
56$823,345$535,126$466,834$676,785
57$866,416$520,437$441,563$682,980
58$912,592$503,739$414,156$689,199
59$962,149$484,894$384,503$695,479
60$1,015,389$463,755$352,484$701,867
61$1,072,645$440,166$317,979$708,416
62$1,134,282$413,961$280,859$715,189
63$1,200,702$384,968$240,991$722,259
64$1,272,344$353,002$198,234$729,713
65$1,349,693$317,869$152,445$737,647
66$1,433,279$279,363$103,469$746,177
67$1,523,688$237,266$51,150$755,431
68$1,621,561$191,349$0$765,559
69$1,727,605$141,369$0$778,129
70$1,842,595$87,071$0$808,335
71$1,967,386$28,184$0$841,150
72$2,102,917$0$0$876,880
73$2,250,219$0$0$928,783
74$2,410,429$0$0$996,431
75$2,584,798$0$0$1,070,127
76$2,774,700$0$0$1,150,458
77$2,981,649$0$0$1,238,076
78$3,207,311$0$0$1,333,695
79$3,453,519$0$0$1,438,101
80$3,722,290$0$0$1,552,159
81$4,015,846$0$0$1,676,824
82$4,336,632$0$0$1,813,145
83$4,687,340$0$0$1,962,276
84$5,070,934$0$0$2,125,492
85$5,490,677$0$0$2,304,191
86$5,950,163$0$0$2,499,918
87$6,453,349$0$0$2,714,371
88$7,004,592$0$0$2,949,421
89$7,608,692$0$0$3,207,129
90$8,270,933$0$0$3,489,765
91$8,997,137$0$0$3,799,828
92$9,793,714$0$0$4,140,072
93$10,667,727$0$0$4,513,529
94$11,626,953$0$0$4,923,541
95$12,679,961$0$0$5,373,788
96$13,836,188$0$0$5,868,323
97$15,106,030$0$0$6,411,613
98$16,500,940$0$0$7,008,576
99$18,033,536$0$0$7,664,635
100$19,717,715$0$0$8,385,758