Can I retire at age 50 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$47,153$46,733$46,323$45,923$45,532$44,270
2 years$23,343$22,908$22,487$22,078$21,682$20,420
3 years$15,407$14,971$14,550$14,146$13,756$12,533
4 years$11,440$11,005$10,589$10,191$9,811$8,637
5 years$9,061$8,628$8,218$7,828$7,458$6,336
6 years$7,475$7,046$6,641$6,260$5,901$4,833
7 years$6,343$5,917$5,519$5,147$4,799$3,784
8 years$5,494$5,072$4,680$4,317$3,982$3,019
9 years$4,834$4,416$4,031$3,677$3,353$2,442
10 years$4,306$3,892$3,514$3,170$2,857$1,996
11 years$3,875$3,465$3,094$2,759$2,457$1,646
12 years$3,516$3,110$2,746$2,420$2,129$1,366
13 years$3,212$2,811$2,453$2,136$1,857$1,139
14 years$2,952$2,555$2,204$1,896$1,628$954
15 years$2,727$2,334$1,990$1,691$1,433$802
16 years$2,530$2,141$1,804$1,514$1,267$676
17 years$2,356$1,972$1,642$1,361$1,123$572
18 years$2,202$1,822$1,499$1,226$999$484
19 years$2,064$1,689$1,372$1,108$890$411
20 years$1,941$1,569$1,259$1,004$795$349
21 years$1,829$1,462$1,158$911$711$297
22 years$1,727$1,365$1,068$828$638$252
23 years$1,635$1,276$986$754$572$215
24 years$1,550$1,196$912$688$515$183
25 years$1,472$1,122$844$628$463$156
26 years$1,400$1,055$783$574$417$134
27 years$1,334$993$727$526$376$114
28 years$1,273$935$676$482$339$97
29 years$1,216$882$629$442$306$83
30 years$1,162$833$586$405$277$71
31 years$1,113$788$546$372$250$61
32 years$1,066$745$510$342$226$52
33 years$1,023$706$476$315$205$45
34 years$982$669$445$290$185$38
35 years$943$635$416$267$168$33
36 years$907$602$389$245$152$28
37 years$873$572$364$226$138$24
38 years$840$544$341$208$125$20
39 years$810$517$319$192$113$17
40 years$781$492$299$177$103$15
41 years$753$468$281$164$93$13
42 years$727$446$263$151$85$11
43 years$702$425$247$139$77$9
44 years$678$405$232$129$70$8
45 years$656$386$218$119$63$7
46 years$634$368$205$110$58$6
47 years$614$352$192$101$52$5
48 years$594$336$181$94$47$4
49 years$575$320$170$87$43$4
50 years$557$306$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $571,000, adding $6,950 every year, while hoping to spend $31,936 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: 38/49/13 Blend
49$571,000$571,000$571,000$571,000
50$636,411$606,148$597,297$657,838
51$667,345$601,870$583,327$669,478
52$700,364$596,311$567,819$678,436
53$735,647$589,376$550,687$687,419
54$773,391$580,963$531,842$696,445
55$813,809$570,962$511,191$705,534
56$857,138$559,260$488,636$714,714
57$903,637$545,734$464,076$724,018
58$953,589$530,257$437,404$733,484
59$1,007,306$512,691$408,509$743,156
60$1,065,132$492,893$377,273$753,090
61$1,127,440$470,709$343,577$763,347
62$1,194,644$445,979$307,292$774,001
63$1,267,197$418,532$268,286$785,136
64$1,345,598$388,186$226,420$796,849
65$1,430,394$354,752$181,550$809,251
66$1,522,186$318,028$133,524$822,472
67$1,621,638$277,799$82,186$836,657
68$1,729,475$233,841$27,369$851,973
69$1,846,498$185,916$0$868,610
70$1,973,586$133,772$0$891,101
71$2,111,709$77,144$0$919,704
72$2,261,929$15,750$0$950,919
73$2,425,419$0$0$985,086
74$2,603,468$0$0$1,049,922
75$2,797,493$0$0$1,129,903
76$3,009,055$0$0$1,217,187
77$3,239,872$0$0$1,312,493
78$3,491,836$0$0$1,416,612
79$3,767,027$0$0$1,530,414
80$4,067,737$0$0$1,654,856
81$4,396,488$0$0$1,790,995
82$4,756,058$0$0$1,939,991
83$5,149,504$0$0$2,103,123
84$5,580,194$0$0$2,281,801
85$6,051,837$0$0$2,477,574
86$6,568,514$0$0$2,692,152
87$7,134,723$0$0$2,927,416
88$7,755,416$0$0$3,185,437
89$8,436,048$0$0$3,468,498
90$9,182,626$0$0$3,779,114
91$10,001,767$0$0$4,120,052
92$10,900,760$0$0$4,494,363
93$11,887,632$0$0$4,905,407
94$12,971,228$0$0$5,356,885
95$14,161,290$0$0$5,852,874
96$15,468,547$0$0$6,397,866
97$16,904,824$0$0$6,996,810
98$18,483,143$0$0$7,655,155
99$20,217,852$0$0$8,378,910
100$22,124,759$0$0$9,174,689