Can I retire at age 50 with 559,000?

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 $559,000?

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$46,162$45,751$45,349$44,958$44,575$42,892
2 years$22,852$22,427$22,014$21,614$21,226$19,549
3 years$15,084$14,656$14,245$13,849$13,467$11,850
4 years$11,200$10,774$10,366$9,977$9,605$8,060
5 years$8,870$8,447$8,045$7,663$7,301$5,832
6 years$7,318$6,897$6,501$6,128$5,777$4,385
7 years$6,209$5,792$5,403$5,039$4,698$3,383
8 years$5,378$4,965$4,582$4,227$3,898$2,658
9 years$4,732$4,323$3,946$3,600$3,283$2,116
10 years$4,216$3,811$3,441$3,103$2,797$1,702
11 years$3,793$3,392$3,029$2,701$2,405$1,380
12 years$3,442$3,045$2,688$2,369$2,084$1,125
13 years$3,144$2,752$2,402$2,092$1,818$922
14 years$2,890$2,501$2,158$1,857$1,593$759
15 years$2,669$2,285$1,948$1,656$1,403$626
16 years$2,477$2,096$1,766$1,483$1,240$518
17 years$2,307$1,931$1,607$1,332$1,099$429
18 years$2,156$1,784$1,467$1,200$978$357
19 years$2,021$1,653$1,343$1,085$871$297
20 years$1,900$1,536$1,233$982$778$247
21 years$1,790$1,431$1,134$892$696$206
22 years$1,691$1,336$1,045$811$624$172
23 years$1,600$1,249$965$738$560$143
24 years$1,517$1,171$892$673$504$120
25 years$1,441$1,099$827$615$453$100
26 years$1,371$1,032$767$562$408$84
27 years$1,306$972$712$515$368$70
28 years$1,246$916$662$472$332$58
29 years$1,190$864$616$432$300$49
30 years$1,138$816$574$397$271$41
31 years$1,089$771$535$364$245$34
32 years$1,044$730$499$335$222$29
33 years$1,001$691$466$308$201$24
34 years$961$655$435$283$182$20
35 years$923$621$407$261$164$17
36 years$888$590$381$240$149$14
37 years$854$560$356$221$135$12
38 years$823$532$334$204$122$10
39 years$793$506$313$188$111$8
40 years$764$481$293$174$101$7
41 years$737$458$275$160$91$6
42 years$712$436$258$148$83$5
43 years$687$416$242$136$75$4
44 years$664$396$227$126$68$3
45 years$642$378$213$116$62$3
46 years$621$361$200$107$56$2
47 years$601$344$188$99$51$2
48 years$582$329$177$92$46$2
49 years$563$314$166$85$42$1
50 years$546$300$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $559,000, adding $5,032 every year, while hoping to spend $38,788 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: 51/42/7 Blend
49$559,000$559,000$559,000$559,000
50$621,209$591,582$582,917$651,553
51$643,302$579,299$561,175$660,467
52$666,348$565,114$537,404$665,548
53$690,405$548,894$511,496$670,148
54$715,532$530,495$483,337$674,230
55$741,795$509,769$452,807$677,757
56$769,265$486,554$419,784$680,690
57$798,019$460,685$384,135$682,987
58$828,141$431,982$345,727$684,609
59$859,719$400,257$304,417$685,511
60$892,852$365,311$260,057$685,652
61$927,646$326,935$212,492$684,987
62$964,217$284,905$161,561$683,471
63$1,002,689$238,988$107,096$681,060
64$1,043,199$188,934$48,919$677,708
65$1,085,896$134,482$0$673,369
66$1,130,941$75,355$0$668,982
67$1,178,511$11,261$0$667,484
68$1,228,797$0$0$665,189
69$1,282,010$0$0$688,926
70$1,338,378$0$0$719,611
71$1,398,153$0$0$752,180
72$1,461,608$0$0$786,784
73$1,529,041$0$0$823,590
74$1,600,781$0$0$862,783
75$1,677,185$0$0$904,562
76$1,758,646$0$0$949,146
77$1,845,593$0$0$996,775
78$1,938,497$0$0$1,047,714
79$2,037,873$0$0$1,102,250
80$2,144,289$0$0$1,160,701
81$2,258,362$0$0$1,223,413
82$2,380,775$0$0$1,290,768
83$2,512,274$0$0$1,363,184
84$2,653,679$0$0$1,441,120
85$2,805,890$0$0$1,525,081
86$2,969,894$0$0$1,615,620
87$3,146,777$0$0$1,713,346
88$3,337,732$0$0$1,818,928
89$3,544,069$0$0$1,933,100
90$3,767,228$0$0$2,056,669
91$4,008,792$0$0$2,190,524
92$4,270,500$0$0$2,335,641
93$4,554,265$0$0$2,493,092
94$4,862,193$0$0$2,664,059
95$5,196,596$0$0$2,849,839
96$5,560,019$0$0$3,051,862
97$5,955,263$0$0$3,271,698
98$6,385,408$0$0$3,511,076
99$6,853,843$0$0$3,771,900
100$7,364,297$0$0$4,056,263