Can I retire at age 50 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$33,610$33,310$33,018$32,733$32,455$32,210
2 years$16,638$16,329$16,028$15,737$15,455$15,208
3 years$10,982$10,671$10,371$10,083$9,805$9,564
4 years$8,155$7,844$7,548$7,264$6,993$6,759
5 years$6,458$6,150$5,857$5,580$5,316$5,090
6 years$5,328$5,022$4,734$4,462$4,206$3,989
7 years$4,521$4,217$3,934$3,668$3,421$3,212
8 years$3,916$3,615$3,336$3,077$2,838$2,638
9 years$3,446$3,148$2,873$2,621$2,390$2,198
10 years$3,069$2,774$2,505$2,260$2,036$1,853
11 years$2,762$2,470$2,205$1,966$1,751$1,577
12 years$2,506$2,217$1,957$1,725$1,518$1,351
13 years$2,289$2,003$1,749$1,523$1,323$1,165
14 years$2,104$1,821$1,571$1,352$1,160$1,009
15 years$1,943$1,664$1,419$1,206$1,021$878
16 years$1,803$1,526$1,286$1,079$903$767
17 years$1,679$1,406$1,170$970$800$671
18 years$1,570$1,299$1,068$874$712$590
19 years$1,471$1,204$978$790$634$519
20 years$1,383$1,119$898$715$567$458
21 years$1,304$1,042$826$649$507$404
22 years$1,231$973$761$590$455$357
23 years$1,165$910$703$538$408$317
24 years$1,105$852$650$490$367$281
25 years$1,049$800$602$448$330$249
26 years$998$752$558$409$297$221
27 years$951$707$518$375$268$197
28 years$907$667$482$343$242$175
29 years$866$629$448$315$218$156
30 years$828$594$418$289$197$139
31 years$793$561$389$265$178$124
32 years$760$531$363$244$161$110
33 years$729$503$339$224$146$98
34 years$700$477$317$206$132$88
35 years$672$452$296$190$120$78
36 years$646$429$277$175$108$70
37 years$622$408$259$161$98$62
38 years$599$387$243$149$89$56
39 years$577$368$228$137$81$50
40 years$556$351$213$126$73$44
41 years$537$334$200$117$67$40
42 years$518$318$188$108$60$35
43 years$500$303$176$99$55$32
44 years$484$289$165$92$50$28
45 years$467$275$155$85$45$25
46 years$452$263$146$78$41$23
47 years$438$251$137$72$37$20
48 years$424$239$129$67$34$18
49 years$410$228$121$62$31$16
50 years$397$218$114$57$28$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $407,000, adding $4,093 every year, while hoping to spend $27,242 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: 48/43/9 Blend
49$407,000$407,000$407,000$407,000
50$452,736$431,165$424,856$473,174
51$469,930$423,307$410,104$479,778
52$487,964$414,150$393,944$483,751
53$506,896$403,604$376,301$487,436
54$526,788$391,569$357,096$490,814
55$547,707$377,942$336,245$493,866
56$569,726$362,614$313,662$496,574
57$592,925$345,468$289,256$498,919
58$617,390$326,383$262,933$500,883
59$643,216$305,228$234,593$502,449
60$670,506$281,867$204,134$503,599
61$699,373$256,153$171,448$504,318
62$729,939$227,935$136,422$504,590
63$762,339$197,050$98,938$504,404
64$796,718$163,326$58,873$503,748
65$833,238$126,584$16,100$502,614
66$872,074$86,632$0$500,995
67$913,417$43,269$0$501,727
68$957,477$0$0$503,809
69$1,004,485$0$0$507,472
70$1,054,691$0$0$533,277
71$1,108,373$0$0$560,898
72$1,165,833$0$0$590,492
73$1,227,402$0$0$622,235
74$1,293,445$0$0$656,318
75$1,364,361$0$0$692,952
76$1,440,589$0$0$732,368
77$1,522,609$0$0$774,819
78$1,610,950$0$0$820,585
79$1,706,193$0$0$869,971
80$1,808,975$0$0$923,314
81$1,919,996$0$0$980,982
82$2,040,026$0$0$1,043,383
83$2,169,911$0$0$1,110,962
84$2,310,581$0$0$1,184,211
85$2,463,059$0$0$1,263,668
86$2,628,468$0$0$1,349,929
87$2,808,046$0$0$1,443,645
88$3,003,153$0$0$1,545,535
89$3,215,284$0$0$1,656,389
90$3,446,085$0$0$1,777,076
91$3,697,367$0$0$1,908,553
92$3,971,124$0$0$2,051,872
93$4,269,547$0$0$2,208,192
94$4,595,050$0$0$2,378,788
95$4,950,290$0$0$2,565,064
96$5,338,191$0$0$2,768,564
97$5,761,971$0$0$2,990,991
98$6,225,175$0$0$3,234,215
99$6,731,702$0$0$3,500,301
100$7,285,850$0$0$3,791,517