Can I retire at age 50 with 422,000?

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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$34,848$34,538$34,235$33,940$33,651$32,904
2 years$17,252$16,930$16,619$16,317$16,024$15,276
3 years$11,387$11,064$10,754$10,455$10,166$9,440
4 years$8,455$8,133$7,826$7,532$7,251$6,551
5 years$6,696$6,377$6,073$5,785$5,512$4,842
6 years$5,524$5,207$4,908$4,626$4,361$3,721
7 years$4,688$4,373$4,079$3,804$3,547$2,937
8 years$4,060$3,748$3,459$3,191$2,943$2,362
9 years$3,572$3,264$2,979$2,718$2,478$1,927
10 years$3,183$2,877$2,597$2,343$2,111$1,589
11 years$2,864$2,561$2,287$2,039$1,816$1,322
12 years$2,598$2,299$2,029$1,788$1,574$1,107
13 years$2,374$2,077$1,813$1,579$1,372$932
14 years$2,182$1,888$1,629$1,402$1,203$788
15 years$2,015$1,725$1,471$1,250$1,059$669
16 years$1,870$1,583$1,334$1,119$936$570
17 years$1,741$1,457$1,213$1,006$830$487
18 years$1,627$1,347$1,108$906$738$416
19 years$1,526$1,248$1,014$819$658$357
20 years$1,434$1,160$931$742$588$306
21 years$1,352$1,080$856$673$526$263
22 years$1,277$1,008$789$612$471$227
23 years$1,208$943$728$557$423$195
24 years$1,146$884$674$508$380$168
25 years$1,088$829$624$464$342$145
26 years$1,035$779$579$424$308$125
27 years$986$734$537$389$278$108
28 years$941$691$500$356$251$94
29 years$898$652$465$326$226$81
30 years$859$616$433$300$205$70
31 years$822$582$404$275$185$60
32 years$788$551$377$253$167$52
33 years$756$522$352$233$151$45
34 years$725$494$329$214$137$39
35 years$697$469$307$197$124$34
36 years$670$445$287$181$112$29
37 years$645$423$269$167$102$25
38 years$621$402$252$154$92$22
39 years$598$382$236$142$84$19
40 years$577$363$221$131$76$17
41 years$557$346$207$121$69$14
42 years$537$329$195$112$63$12
43 years$519$314$183$103$57$11
44 years$501$299$171$95$52$9
45 years$485$285$161$88$47$8
46 years$469$272$151$81$42$7
47 years$454$260$142$75$39$6
48 years$439$248$133$69$35$5
49 years$425$237$125$64$32$5
50 years$412$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 $422,000, adding $5,101 every year, while hoping to spend $27,320 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: 56/15/29 Blend
49$422,000$422,000$422,000$422,000
50$470,306$447,940$441,399$492,622
51$489,209$440,820$427,117$501,433
52$509,124$432,437$411,442$507,774
53$530,126$422,698$394,297$514,134
54$552,296$411,507$375,603$520,524
55$575,723$398,764$355,278$526,959
56$600,503$384,359$333,236$533,455
57$626,740$368,179$309,386$540,032
58$654,552$350,103$283,634$546,714
59$684,062$330,004$255,881$553,530
60$715,409$307,747$226,026$560,511
61$748,742$283,189$193,960$567,697
62$784,228$256,178$159,571$575,131
63$822,044$226,557$122,742$582,865
64$862,390$194,155$83,351$590,957
65$905,480$158,795$41,270$599,474
66$951,552$120,289$0$608,494
67$1,000,866$78,439$0$619,229
68$1,053,705$33,033$0$644,353
69$1,110,383$0$0$671,242
70$1,171,242$0$0$702,734
71$1,236,657$0$0$742,471
72$1,307,043$0$0$785,255
73$1,382,851$0$0$831,366
74$1,464,581$0$0$881,109
75$1,552,778$0$0$934,822
76$1,648,044$0$0$992,874
77$1,751,038$0$0$1,055,673
78$1,862,488$0$0$1,123,665
79$1,983,189$0$0$1,197,343
80$2,114,021$0$0$1,277,246
81$2,255,946$0$0$1,363,969
82$2,410,026$0$0$1,458,166
83$2,577,427$0$0$1,560,556
84$2,759,433$0$0$1,671,929
85$2,957,455$0$0$1,793,157
86$3,173,048$0$0$1,925,197
87$3,407,919$0$0$2,069,103
88$3,663,951$0$0$2,226,035
89$3,943,214$0$0$2,397,269
90$4,247,986$0$0$2,584,211
91$4,580,775$0$0$2,788,407
92$4,944,343$0$0$3,011,559
93$5,341,729$0$0$3,255,544
94$5,776,280$0$0$3,522,425
95$6,251,681$0$0$3,814,473
96$6,771,989$0$0$4,134,193
97$7,341,671$0$0$4,484,340
98$7,965,647$0$0$4,867,948
99$8,649,335$0$0$5,288,360
100$9,398,702$0$0$5,749,255