Can I retire at age 50 with 424,000?

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 $424,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$35,014$34,702$34,397$34,100$33,810$33,374
2 years$17,333$17,011$16,698$16,394$16,100$15,661
3 years$11,441$11,117$10,805$10,504$10,215$9,787
4 years$8,495$8,172$7,863$7,568$7,285$6,871
5 years$6,728$6,407$6,102$5,813$5,538$5,140
6 years$5,551$5,232$4,931$4,648$4,382$4,000
7 years$4,710$4,394$4,098$3,822$3,564$3,198
8 years$4,079$3,766$3,475$3,206$2,957$2,607
9 years$3,589$3,279$2,993$2,731$2,490$2,156
10 years$3,198$2,890$2,610$2,354$2,121$1,803
11 years$2,877$2,573$2,298$2,049$1,825$1,522
12 years$2,611$2,309$2,039$1,797$1,581$1,293
13 years$2,385$2,087$1,822$1,586$1,379$1,106
14 years$2,192$1,897$1,637$1,408$1,209$950
15 years$2,025$1,733$1,478$1,256$1,064$819
16 years$1,878$1,590$1,340$1,125$940$709
17 years$1,750$1,464$1,219$1,010$834$615
18 years$1,635$1,353$1,113$911$741$535
19 years$1,533$1,254$1,019$823$661$467
20 years$1,441$1,165$935$745$590$408
21 years$1,358$1,085$860$676$528$356
22 years$1,283$1,013$793$615$474$312
23 years$1,214$948$732$560$425$274
24 years$1,151$888$677$511$382$240
25 years$1,093$833$627$466$344$211
26 years$1,040$783$581$426$310$186
27 years$991$737$540$390$279$163
28 years$945$694$502$358$252$144
29 years$903$655$467$328$227$127
30 years$863$619$435$301$206$112
31 years$826$585$406$276$186$98
32 years$792$553$378$254$168$87
33 years$759$524$353$234$152$77
34 years$729$497$330$215$138$68
35 years$700$471$309$198$125$60
36 years$673$447$289$182$113$53
37 years$648$425$270$168$102$46
38 years$624$404$253$155$93$41
39 years$601$384$237$143$84$36
40 years$580$365$222$132$76$32
41 years$559$348$208$121$69$28
42 years$540$331$195$112$63$25
43 years$521$315$183$103$57$22
44 years$504$301$172$96$52$20
45 years$487$287$162$88$47$17
46 years$471$274$152$81$43$15
47 years$456$261$143$75$39$13
48 years$441$249$134$70$35$12
49 years$427$238$126$64$32$11
50 years$414$227$118$59$29$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $424,000, adding $4,694 every year, while hoping to spend $26,007 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: 37/42/21 Blend
49$424,000$424,000$424,000$424,000
50$472,090$449,618$443,046$486,423
51$492,572$443,978$430,217$491,630
52$514,271$437,190$416,086$494,477
53$537,285$429,170$400,583$497,021
54$561,719$419,830$383,633$499,250
55$587,688$409,076$365,159$501,154
56$615,319$396,808$345,079$502,722
57$644,751$382,921$323,308$503,945
58$676,135$367,303$299,758$504,819
59$709,637$349,837$274,337$505,337
60$745,439$330,399$246,946$505,499
61$783,741$308,855$217,486$505,306
62$824,761$285,068$185,850$504,763
63$868,739$258,888$151,929$503,879
64$915,939$230,162$115,606$502,666
65$966,648$198,723$76,762$501,146
66$1,021,183$164,398$35,271$499,343
67$1,079,894$127,003$0$497,289
68$1,143,161$86,344$0$497,043
69$1,211,405$42,217$0$505,203
70$1,285,086$0$0$513,949
71$1,364,711$0$0$525,974
72$1,450,838$0$0$560,131
73$1,544,077$0$0$597,158
74$1,645,103$0$0$637,329
75$1,754,654$0$0$680,944
76$1,873,545$0$0$728,334
77$2,002,670$0$0$779,862
78$2,143,013$0$0$835,929
79$2,295,657$0$0$896,976
80$2,461,795$0$0$963,487
81$2,642,735$0$0$1,035,994
82$2,839,921$0$0$1,115,086
83$3,054,941$0$0$1,201,408
84$3,289,541$0$0$1,295,671
85$3,545,644$0$0$1,398,658
86$3,825,368$0$0$1,511,231
87$4,131,043$0$0$1,634,338
88$4,465,235$0$0$1,769,025
89$4,830,768$0$0$1,916,441
90$5,230,753$0$0$2,077,853
91$5,668,615$0$0$2,254,657
92$6,148,126$0$0$2,448,387
93$6,673,437$0$0$2,660,737
94$7,249,124$0$0$2,893,568
95$7,880,223$0$0$3,148,933
96$8,572,282$0$0$3,429,093
97$9,331,412$0$0$3,736,536
98$10,164,343$0$0$4,074,006
99$11,078,489$0$0$4,444,522
100$12,082,015$0$0$4,851,412