Retire at 50 Calculator — Early Retirement Planning
Retiring at 50 is an ambitious but achievable goal. See how your current savings rate and contributions stack up against your target.
FIRE Calculator (Financial Independence)
How It Works
Retiring at 50 typically requires a 40-50% savings rate over 20-25 years, starting from your mid-20s.
A 40-year-old with $250k saved, maxing 401(k) + IRA (~$40k/year) at 7% returns, could reach $1.8M by age 55.
Healthcare is a major concern — you're 15 years from Medicare. Budget $1,000-1,500/month for private insurance.
The 4% rule is more applicable here (~35-40 year retirement) than for age 40 retirement.
Frequently Asked Questions
How much do I need to retire at 50?
25× annual spending at minimum, ideally 28-30× to cover a 35-40 year retirement. At $60k/year spending, target $1.5-1.8M.
What savings rate is needed to retire at 50?
Starting from zero at age 25: ~45% savings rate. Starting with existing savings at 35: 50-55%. The earlier you start, the lower the rate needed.
Can I use Social Security at 50?
No. SS earliest is 62, full benefit at 66-67. Plan your retirement income without counting SS — it's just extra when you hit 62.