Can I retire at age 50 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$47,483$47,060$46,647$46,245$45,851$44,999
2 years$23,506$23,069$22,644$22,233$21,834$20,979
3 years$15,515$15,076$14,652$14,245$13,852$13,021
4 years$11,520$11,082$10,663$10,263$9,880$9,078
5 years$9,124$8,689$8,275$7,883$7,510$6,741
6 years$7,527$7,095$6,687$6,304$5,943$5,206
7 years$6,387$5,958$5,557$5,183$4,833$4,129
8 years$5,532$5,107$4,713$4,348$4,009$3,339
9 years$4,868$4,447$4,059$3,703$3,377$2,739
10 years$4,336$3,920$3,539$3,192$2,877$2,271
11 years$3,902$3,489$3,116$2,778$2,474$1,900
12 years$3,540$3,132$2,765$2,437$2,144$1,600
13 years$3,234$2,830$2,470$2,151$1,870$1,355
14 years$2,973$2,573$2,220$1,910$1,639$1,153
15 years$2,746$2,350$2,004$1,703$1,443$985
16 years$2,547$2,156$1,817$1,525$1,275$844
17 years$2,373$1,986$1,653$1,370$1,131$726
18 years$2,218$1,835$1,509$1,235$1,006$625
19 years$2,079$1,701$1,382$1,116$896$539
20 years$1,954$1,580$1,268$1,011$801$466
21 years$1,842$1,472$1,166$917$716$403
22 years$1,739$1,374$1,075$834$642$350
23 years$1,646$1,285$993$759$576$303
24 years$1,561$1,204$918$693$518$263
25 years$1,482$1,130$850$633$466$229
26 years$1,410$1,062$789$578$420$199
27 years$1,343$999$732$529$379$173
28 years$1,282$942$681$485$342$151
29 years$1,224$888$633$445$308$131
30 years$1,170$839$590$408$279$114
31 years$1,120$793$550$375$252$100
32 years$1,074$751$513$345$228$87
33 years$1,030$711$479$317$206$76
34 years$989$674$448$292$187$66
35 years$950$639$419$268$169$58
36 years$913$606$392$247$153$50
37 years$879$576$367$228$139$44
38 years$846$547$343$210$126$38
39 years$815$521$322$194$114$33
40 years$786$495$301$179$104$29
41 years$758$471$283$165$94$25
42 years$732$449$265$152$85$22
43 years$707$428$249$140$77$19
44 years$683$408$234$130$70$17
45 years$660$389$219$120$64$15
46 years$639$371$206$111$58$13
47 years$618$354$193$102$53$11
48 years$598$338$182$94$48$10
49 years$579$323$171$87$43$9
50 years$561$308$161$81$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $575,000, adding $4,455 every year, while hoping to spend $43,342 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: 61/28/11 Blend
49$575,000$575,000$575,000$575,000
50$638,245$607,770$598,858$675,271
51$657,231$591,436$572,804$684,311
52$676,700$572,848$544,425$688,829
53$696,657$551,851$513,596$692,691
54$717,104$528,279$480,190$695,838
55$738,042$501,958$444,070$698,203
56$759,471$472,703$405,095$699,715
57$781,390$440,318$363,118$700,300
58$803,795$404,597$317,986$699,878
59$826,680$365,320$269,536$698,361
60$850,038$322,258$217,602$695,658
61$873,858$275,164$162,008$691,671
62$898,126$223,783$102,571$686,293
63$922,827$167,840$39,099$679,413
64$947,940$107,048$0$670,910
65$973,440$41,104$0$664,014
66$999,299$0$0$660,344
67$1,025,482$0$0$664,522
68$1,051,950$0$0$681,532
69$1,078,657$0$0$698,678
70$1,105,549$0$0$715,923
71$1,132,565$0$0$733,226
72$1,159,636$0$0$750,538
73$1,186,682$0$0$767,806
74$1,213,613$0$0$784,967
75$1,240,326$0$0$801,953
76$1,266,706$0$0$818,684
77$1,292,623$0$0$835,071
78$1,317,930$0$0$851,017
79$1,342,461$0$0$866,407
80$1,366,034$0$0$881,118
81$1,388,439$0$0$895,010
82$1,409,447$0$0$907,924
83$1,428,799$0$0$919,687
84$1,446,205$0$0$930,104
85$1,461,345$0$0$938,956
86$1,473,858$0$0$946,001
87$1,483,347$0$0$950,970
88$1,489,368$0$0$953,563
89$1,491,426$0$0$953,446
90$1,488,973$0$0$950,250
91$1,481,402$0$0$943,564
92$1,468,035$0$0$932,932
93$1,448,124$0$0$917,850
94$1,420,838$0$0$897,756
95$1,385,257$0$0$872,031
96$1,340,360$0$0$839,987
97$1,285,019$0$0$800,863
98$1,217,983$0$0$753,817
99$1,137,869$0$0$697,917
100$1,043,147$0$0$632,133