Can I retire at age 50 with 423,000?

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 $423,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$34,931$34,620$34,316$34,020$33,731$33,240
2 years$17,293$16,970$16,658$16,356$16,062$15,569
3 years$11,414$11,090$10,779$10,479$10,191$9,710
4 years$8,475$8,153$7,844$7,550$7,268$6,804
5 years$6,712$6,392$6,088$5,799$5,525$5,079
6 years$5,537$5,219$4,920$4,637$4,372$3,944
7 years$4,699$4,383$4,088$3,813$3,555$3,146
8 years$4,070$3,757$3,467$3,198$2,950$2,558
9 years$3,581$3,271$2,986$2,724$2,484$2,111
10 years$3,190$2,884$2,604$2,348$2,116$1,761
11 years$2,871$2,567$2,292$2,044$1,820$1,483
12 years$2,604$2,304$2,034$1,793$1,577$1,257
13 years$2,379$2,082$1,817$1,583$1,375$1,072
14 years$2,187$1,893$1,633$1,405$1,206$918
15 years$2,020$1,729$1,474$1,253$1,062$790
16 years$1,874$1,586$1,337$1,122$938$682
17 years$1,745$1,461$1,216$1,008$832$590
18 years$1,631$1,350$1,110$908$740$512
19 years$1,529$1,251$1,016$821$659$445
20 years$1,438$1,163$933$743$589$387
21 years$1,355$1,083$858$675$527$338
22 years$1,280$1,011$791$613$472$295
23 years$1,211$945$730$559$424$258
24 years$1,148$886$675$510$381$226
25 years$1,091$831$625$465$343$198
26 years$1,037$781$580$425$309$173
27 years$988$735$539$389$279$152
28 years$943$693$501$357$251$133
29 years$900$654$466$327$227$117
30 years$861$617$434$300$205$103
31 years$824$584$405$276$185$90
32 years$790$552$378$253$168$79
33 years$758$523$353$233$152$70
34 years$727$496$329$214$137$61
35 years$699$470$308$197$124$54
36 years$672$446$288$182$113$48
37 years$646$424$270$168$102$42
38 years$622$403$253$154$93$37
39 years$600$383$237$142$84$32
40 years$578$364$222$131$76$29
41 years$558$347$208$121$69$25
42 years$539$330$195$112$63$22
43 years$520$315$183$103$57$19
44 years$503$300$172$95$52$17
45 years$486$286$161$88$47$15
46 years$470$273$152$81$43$13
47 years$455$260$142$75$39$12
48 years$440$249$134$69$35$10
49 years$426$237$126$64$32$9
50 years$413$227$118$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $423,000, adding $4,580 every year, while hoping to spend $20,856 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: 28/45/27 Blend
49$423,000$423,000$423,000$423,000
50$470,870$448,451$441,895$480,010
51$496,708$448,235$434,508$487,425
52$524,483$447,309$426,174$493,274
53$554,370$445,616$416,840$499,135
54$586,561$443,097$406,450$505,024
55$621,269$439,687$394,944$510,959
56$658,725$435,319$382,262$516,963
57$699,186$429,920$368,339$523,062
58$742,932$423,415$353,107$529,290
59$790,271$415,723$336,497$535,683
60$841,544$406,758$318,434$542,284
61$897,122$396,430$298,842$549,146
62$957,415$384,642$277,640$556,327
63$1,022,876$371,294$254,745$563,894
64$1,093,999$356,277$230,069$571,926
65$1,171,331$339,479$203,521$580,512
66$1,255,471$320,778$175,003$589,753
67$1,347,081$300,048$144,418$599,766
68$1,446,887$277,153$111,659$610,682
69$1,555,689$251,953$76,619$622,651
70$1,674,367$224,297$39,183$635,842
71$1,803,890$194,025$0$650,445
72$1,945,324$160,970$0$666,897
73$2,099,844$124,955$0$697,281
74$2,268,743$85,792$0$730,606
75$2,453,442$43,283$0$767,218
76$2,655,510$0$0$807,501
77$2,876,670$0$0$853,260
78$3,118,823$0$0$926,896
79$3,384,061$0$0$1,007,621
80$3,674,688$0$0$1,096,145
81$3,993,240$0$0$1,193,250
82$4,342,512$0$0$1,299,795
83$4,725,582$0$0$1,416,731
84$5,145,838$0$0$1,545,102
85$5,607,016$0$0$1,686,058
86$6,113,228$0$0$1,840,867
87$6,669,003$0$0$2,010,926
88$7,279,333$0$0$2,197,773
89$7,949,714$0$0$2,403,104
90$8,686,203$0$0$2,628,784
91$9,495,470$0$0$2,876,871
92$10,384,866$0$0$3,149,632
93$11,362,487$0$0$3,449,563
94$12,437,254$0$0$3,779,415
95$13,618,995$0$0$4,142,219
96$14,918,537$0$0$4,541,314
97$16,347,810$0$0$4,980,379
98$17,919,958$0$0$5,463,468
99$19,649,463$0$0$5,995,048
100$21,552,279$0$0$6,580,039