Can I retire at age 50 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$46,575$46,160$45,755$45,360$44,974$44,030
2 years$23,057$22,627$22,211$21,808$21,416$20,470
3 years$15,218$14,787$14,372$13,972$13,587$12,668
4 years$11,300$10,870$10,459$10,066$9,691$8,805
5 years$8,950$8,522$8,117$7,732$7,367$6,517
6 years$7,383$6,959$6,560$6,183$5,829$5,017
7 years$6,265$5,844$5,451$5,084$4,741$3,966
8 years$5,426$5,010$4,623$4,265$3,933$3,196
9 years$4,775$4,362$3,982$3,632$3,312$2,612
10 years$4,253$3,845$3,471$3,131$2,822$2,158
11 years$3,827$3,423$3,056$2,725$2,427$1,798
12 years$3,473$3,072$2,712$2,390$2,103$1,509
13 years$3,173$2,776$2,423$2,110$1,834$1,273
14 years$2,916$2,524$2,177$1,873$1,608$1,079
15 years$2,693$2,305$1,966$1,671$1,416$918
16 years$2,499$2,115$1,782$1,496$1,251$783
17 years$2,327$1,948$1,622$1,344$1,109$670
18 years$2,175$1,800$1,480$1,211$986$575
19 years$2,039$1,668$1,355$1,094$879$494
20 years$1,917$1,550$1,244$991$785$425
21 years$1,806$1,444$1,144$900$703$366
22 years$1,706$1,348$1,054$818$630$316
23 years$1,615$1,261$974$745$565$273
24 years$1,531$1,181$900$679$508$236
25 years$1,454$1,108$834$620$457$204
26 years$1,383$1,042$773$567$412$176
27 years$1,318$980$718$519$371$153
28 years$1,257$924$668$476$335$132
29 years$1,201$871$621$436$303$115
30 years$1,148$823$579$400$273$99
31 years$1,099$778$540$368$247$86
32 years$1,053$736$503$338$224$75
33 years$1,010$697$470$311$202$65
34 years$970$661$439$286$183$56
35 years$932$627$411$263$166$49
36 years$896$595$384$242$150$42
37 years$862$565$360$223$136$37
38 years$830$537$337$206$124$32
39 years$800$511$315$190$112$28
40 years$771$486$296$175$102$24
41 years$744$462$277$162$92$21
42 years$718$440$260$149$84$18
43 years$693$420$244$138$76$16
44 years$670$400$229$127$69$14
45 years$648$381$215$117$63$12
46 years$627$364$202$108$57$10
47 years$606$347$190$100$52$9
48 years$587$331$178$93$47$8
49 years$568$317$168$86$43$7
50 years$551$302$158$79$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $564,000, adding $3,469 every year, while hoping to spend $24,718 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: 62/14/24 Blend
49$564,000$564,000$564,000$564,000
50$625,106$595,214$586,472$659,700
51$662,567$598,080$579,819$686,400
52$703,021$600,258$572,115$712,513
53$746,746$601,688$563,298$740,478
54$794,050$602,306$553,304$770,479
55$845,270$602,046$542,067$802,719
56$900,776$600,835$529,515$837,426
57$960,977$598,597$515,575$874,846
58$1,026,320$595,252$500,170$915,257
59$1,097,299$590,713$483,220$958,962
60$1,174,456$584,890$464,640$1,006,298
61$1,258,387$577,687$444,343$1,057,637
62$1,349,750$569,001$422,236$1,113,389
63$1,449,267$558,725$398,223$1,174,008
64$1,557,733$546,742$372,204$1,239,997
65$1,676,022$532,933$344,073$1,311,908
66$1,805,098$517,169$313,721$1,390,354
67$1,946,020$499,312$281,033$1,476,010
68$2,099,956$479,220$245,889$1,569,624
69$2,268,189$456,740$208,165$1,672,019
70$2,452,135$431,711$167,728$1,784,106
71$2,653,349$403,961$124,444$1,906,889
72$2,873,547$373,312$78,170$2,041,478
73$3,114,617$339,572$28,756$2,189,099
74$3,378,636$302,539$0$2,351,103
75$3,667,895$262,002$0$2,535,124
76$3,984,914$217,733$0$2,744,927
77$4,332,470$169,497$0$2,975,001
78$4,713,622$117,042$0$3,227,401
79$5,131,737$60,103$0$3,504,386
80$5,590,525$0$0$3,808,452
81$6,094,074$0$0$4,142,592
82$6,646,884$0$0$4,519,628
83$7,253,913$0$0$4,933,689
84$7,920,625$0$0$5,388,505
85$8,653,036$0$0$5,888,187
86$9,457,775$0$0$6,437,264
87$10,342,144$0$0$7,040,723
88$11,314,189$0$0$7,704,061
89$12,382,772$0$0$8,433,334
90$13,557,659$0$0$9,235,210
91$14,849,607$0$0$10,117,042
92$16,270,470$0$0$11,086,924
93$17,833,306$0$0$12,153,781
94$19,552,503$0$0$13,327,440
95$21,443,915$0$0$14,618,732
96$23,525,009$0$0$16,039,591
97$25,815,029$0$0$17,603,165
98$28,335,180$0$0$19,323,941
99$31,108,829$0$0$21,217,881
100$34,161,718$0$0$23,302,574