Can I retire at age 50 with 421,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$34,766$34,456$34,154$33,859$33,571$32,866
2 years$17,211$16,890$16,580$16,278$15,986$15,280
3 years$11,360$11,038$10,728$10,430$10,142$9,456
4 years$8,435$8,114$7,807$7,514$7,234$6,572
5 years$6,681$6,362$6,059$5,771$5,499$4,865
6 years$5,511$5,195$4,896$4,616$4,351$3,745
7 years$4,676$4,362$4,069$3,795$3,539$2,961
8 years$4,051$3,739$3,451$3,183$2,936$2,386
9 years$3,564$3,256$2,972$2,711$2,472$1,950
10 years$3,175$2,870$2,591$2,337$2,106$1,611
11 years$2,857$2,555$2,281$2,034$1,812$1,342
12 years$2,592$2,293$2,025$1,784$1,570$1,126
13 years$2,368$2,072$1,809$1,575$1,369$950
14 years$2,176$1,884$1,625$1,398$1,200$805
15 years$2,010$1,721$1,467$1,247$1,057$685
16 years$1,865$1,579$1,330$1,117$934$585
17 years$1,737$1,454$1,211$1,003$828$500
18 years$1,624$1,344$1,105$904$736$429
19 years$1,522$1,245$1,012$817$656$368
20 years$1,431$1,157$928$740$586$317
21 years$1,348$1,078$854$672$525$273
22 years$1,274$1,006$787$611$470$236
23 years$1,205$941$727$556$422$203
24 years$1,143$882$672$507$379$176
25 years$1,085$827$623$463$341$152
26 years$1,033$778$577$423$307$132
27 years$984$732$536$388$277$114
28 years$938$690$498$355$250$99
29 years$896$651$464$326$226$85
30 years$857$614$432$299$204$74
31 years$820$581$403$275$185$64
32 years$786$550$376$252$167$56
33 years$754$520$351$232$151$48
34 years$724$493$328$213$137$42
35 years$695$468$306$196$124$36
36 years$669$444$287$181$112$32
37 years$643$422$268$167$102$27
38 years$620$401$251$154$92$24
39 years$597$381$235$142$84$21
40 years$576$363$221$131$76$18
41 years$555$345$207$121$69$16
42 years$536$329$194$111$62$14
43 years$518$313$182$103$57$12
44 years$500$299$171$95$51$10
45 years$484$285$161$88$47$9
46 years$468$272$151$81$42$8
47 years$453$259$142$75$39$7
48 years$438$247$133$69$35$6
49 years$424$236$125$64$32$5
50 years$411$226$118$59$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $421,000, adding $5,813 every year, while hoping to spend $27,091 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: 46/46/8 Blend
49$421,000$421,000$421,000$421,000
50$469,938$447,625$441,100$490,256
51$489,047$440,734$427,052$497,968
52$509,197$432,598$411,625$503,046
53$530,466$423,126$394,746$507,929
54$552,939$412,224$376,335$512,608
55$576,707$399,791$356,310$517,073
56$601,871$385,721$334,587$521,318
57$628,542$369,901$311,075$525,337
58$656,840$352,213$285,683$529,126
59$686,896$332,529$258,311$532,682
60$718,854$310,718$228,859$536,006
61$752,871$286,637$197,221$539,101
62$789,120$260,139$163,284$541,973
63$827,789$231,065$126,933$544,633
64$869,085$199,248$88,046$547,094
65$913,235$164,514$46,499$549,376
66$960,486$126,677$2,158$551,506
67$1,011,111$85,539$0$553,514
68$1,065,408$40,895$0$559,295
69$1,123,705$0$0$565,490
70$1,186,362$0$0$575,770
71$1,253,773$0$0$609,135
72$1,326,371$0$0$645,104
73$1,404,634$0$0$683,918
74$1,489,082$0$0$725,840
75$1,580,291$0$0$771,163
76$1,678,893$0$0$820,203
77$1,785,580$0$0$873,313
78$1,901,115$0$0$930,877
79$2,026,337$0$0$993,321
80$2,162,169$0$0$1,061,109
81$2,309,623$0$0$1,134,756
82$2,469,815$0$0$1,214,826
83$2,643,972$0$0$1,301,938
84$2,833,444$0$0$1,396,778
85$3,039,715$0$0$1,500,095
86$3,264,419$0$0$1,612,716
87$3,509,354$0$0$1,735,554
88$3,776,500$0$0$1,869,608
89$4,068,035$0$0$2,015,982
90$4,386,355$0$0$2,175,890
91$4,734,101$0$0$2,350,669
92$5,114,177$0$0$2,541,789
93$5,529,782$0$0$2,750,871
94$5,984,439$0$0$2,979,699
95$6,482,026$0$0$3,230,236
96$7,026,813$0$0$3,504,647
97$7,623,501$0$0$3,805,313
98$8,277,271$0$0$4,134,857
99$8,993,824$0$0$4,496,169
100$9,779,443$0$0$4,892,431