Can I retire at age 50 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$47,813$47,387$46,972$46,566$46,170$45,783
2 years$23,670$23,229$22,802$22,388$21,986$21,596
3 years$15,623$15,180$14,754$14,344$13,949$13,568
4 years$11,601$11,159$10,737$10,334$9,948$9,579
5 years$9,188$8,749$8,333$7,938$7,563$7,207
6 years$7,580$7,144$6,734$6,348$5,984$5,642
7 years$6,431$6,000$5,596$5,219$4,867$4,538
8 years$5,571$5,143$4,746$4,378$4,037$3,722
9 years$4,902$4,478$4,088$3,729$3,400$3,099
10 years$4,367$3,947$3,564$3,214$2,897$2,609
11 years$3,929$3,514$3,137$2,798$2,491$2,217
12 years$3,565$3,154$2,784$2,454$2,159$1,897
13 years$3,257$2,850$2,488$2,166$1,883$1,633
14 years$2,993$2,591$2,235$1,923$1,650$1,413
15 years$2,765$2,367$2,018$1,715$1,453$1,228
16 years$2,565$2,171$1,830$1,536$1,284$1,071
17 years$2,389$2,000$1,665$1,380$1,139$937
18 years$2,233$1,848$1,520$1,243$1,013$821
19 years$2,093$1,713$1,391$1,124$902$722
20 years$1,968$1,591$1,277$1,018$806$635
21 years$1,854$1,482$1,175$924$721$560
22 years$1,751$1,384$1,082$840$647$495
23 years$1,658$1,294$999$765$580$438
24 years$1,572$1,212$924$697$522$387
25 years$1,493$1,138$856$637$469$343
26 years$1,420$1,069$794$582$423$305
27 years$1,353$1,006$737$533$381$270
28 years$1,290$948$685$488$344$240
29 years$1,233$895$638$448$311$213
30 years$1,179$845$594$411$281$190
31 years$1,128$799$554$378$254$169
32 years$1,081$756$517$347$230$150
33 years$1,037$716$483$319$208$134
34 years$995$678$451$294$188$119
35 years$956$643$422$270$170$106
36 years$920$611$394$249$154$95
37 years$885$580$369$229$140$84
38 years$852$551$346$211$127$75
39 years$821$524$324$195$115$67
40 years$792$499$304$180$104$60
41 years$764$475$285$166$95$53
42 years$737$452$267$153$86$47
43 years$712$431$251$141$78$42
44 years$688$411$235$130$71$38
45 years$665$392$221$120$64$34
46 years$643$374$207$111$58$30
47 years$622$356$195$103$53$27
48 years$603$340$183$95$48$24
49 years$584$325$172$88$44$21
50 years$565$310$162$81$40$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $579,000, adding $3,484 every year, while hoping to spend $47,913 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: 63/8/29 Blend
49$579,000$579,000$579,000$579,000
50$641,652$610,965$601,990$676,891
51$656,121$589,923$571,178$680,187
52$670,461$566,244$537,727$678,254
53$684,606$539,749$501,500$675,123
54$698,486$510,247$462,350$670,682
55$712,019$477,536$420,127$664,815
56$725,115$441,405$374,671$657,393
57$737,671$401,629$325,817$648,276
58$749,574$357,969$273,392$637,313
59$760,696$310,174$217,215$624,342
60$770,894$257,980$157,099$609,185
61$780,009$201,105$92,846$591,648
62$787,864$139,253$24,251$571,522
63$794,262$72,113$0$548,581
64$798,982$0$0$537,723
65$801,781$0$0$532,584
66$802,386$0$0$532,246
67$800,496$0$0$530,152
68$795,775$0$0$526,068
69$787,853$0$0$519,736
70$776,315$0$0$510,868
71$760,707$0$0$499,146
72$740,520$0$0$484,218
73$715,193$0$0$465,694
74$684,107$0$0$443,140
75$646,573$0$0$416,080
76$601,830$0$0$383,983
77$549,036$0$0$346,264
78$487,260$0$0$302,276
79$415,474$0$0$251,303
80$332,538$0$0$192,554
81$237,195$0$0$125,155
82$128,056$0$0$48,139
83$3,585$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0