Can I retire at age 50 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$35,344$35,029$34,722$34,422$34,129$32,775
2 years$17,497$17,171$16,855$16,549$16,252$14,905
3 years$11,549$11,221$10,906$10,603$10,311$9,013
4 years$8,575$8,249$7,937$7,639$7,354$6,114
5 years$6,792$6,467$6,160$5,867$5,590$4,413
6 years$5,603$5,281$4,978$4,692$4,423$3,309
7 years$4,754$4,435$4,137$3,858$3,597$2,545
8 years$4,118$3,802$3,508$3,236$2,984$1,994
9 years$3,623$3,310$3,022$2,757$2,513$1,583
10 years$3,228$2,918$2,634$2,376$2,141$1,269
11 years$2,904$2,597$2,319$2,068$1,842$1,025
12 years$2,635$2,331$2,058$1,814$1,596$833
13 years$2,408$2,107$1,839$1,601$1,392$681
14 years$2,213$1,915$1,652$1,422$1,220$558
15 years$2,044$1,749$1,492$1,268$1,074$459
16 years$1,896$1,605$1,352$1,135$949$378
17 years$1,766$1,478$1,231$1,020$842$312
18 years$1,651$1,366$1,123$919$748$259
19 years$1,547$1,266$1,028$831$667$214
20 years$1,455$1,176$944$752$596$178
21 years$1,371$1,096$868$683$533$148
22 years$1,295$1,023$800$621$478$123
23 years$1,225$957$739$565$429$102
24 years$1,162$896$683$516$386$85
25 years$1,103$841$633$471$347$71
26 years$1,050$791$587$431$313$59
27 years$1,000$744$545$394$282$49
28 years$954$701$507$361$254$41
29 years$911$661$472$331$230$34
30 years$871$625$439$304$207$28
31 years$834$590$409$279$188$24
32 years$799$559$382$256$170$20
33 years$766$529$357$236$154$16
34 years$736$501$333$217$139$14
35 years$707$476$312$200$126$11
36 years$680$451$291$184$114$9
37 years$654$429$273$170$103$8
38 years$630$407$255$156$94$7
39 years$607$387$239$144$85$6
40 years$585$369$224$133$77$5
41 years$565$351$210$123$70$4
42 years$545$334$197$113$63$3
43 years$526$318$185$104$58$3
44 years$509$304$174$96$52$2
45 years$492$289$163$89$47$2
46 years$475$276$153$82$43$2
47 years$460$263$144$76$39$1
48 years$445$252$135$70$36$1
49 years$431$240$127$65$32$1
50 years$418$229$120$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $428,000, adding $6,594 every year, while hoping to spend $30,009 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: 38/42/20 Blend
49$428,000$428,000$428,000$428,000
50$478,458$455,774$449,140$493,552
51$495,331$446,177$432,257$495,458
52$512,920$435,105$413,802$494,197
53$531,265$422,452$393,692$492,216
54$550,411$408,110$371,838$489,468
55$570,407$391,961$348,148$485,903
56$591,303$373,882$322,526$481,467
57$613,156$353,742$294,871$476,107
58$636,027$331,404$265,078$469,764
59$659,981$306,722$233,037$462,381
60$685,089$279,542$198,634$453,894
61$711,429$249,700$161,749$444,240
62$739,084$217,025$122,256$433,352
63$768,145$181,333$80,026$421,161
64$798,711$142,434$34,922$407,596
65$830,889$100,123$0$392,583
66$864,797$54,186$0$378,864
67$900,562$4,397$0$371,680
68$938,323$0$0$363,522
69$978,232$0$0$377,211
70$1,020,454$0$0$393,870
71$1,065,169$0$0$411,541
72$1,112,575$0$0$430,306
73$1,162,888$0$0$450,254
74$1,216,342$0$0$471,482
75$1,273,196$0$0$494,097
76$1,333,732$0$0$518,216
77$1,398,259$0$0$543,968
78$1,467,115$0$0$571,493
79$1,540,670$0$0$600,945
80$1,619,332$0$0$632,492
81$1,703,544$0$0$666,319
82$1,793,796$0$0$702,631
83$1,890,623$0$0$741,649
84$1,994,614$0$0$783,619
85$2,106,412$0$0$828,809
86$2,226,726$0$0$877,514
87$2,356,335$0$0$930,058
88$2,496,092$0$0$986,797
89$2,646,935$0$0$1,048,122
90$2,809,896$0$0$1,114,464
91$2,986,108$0$0$1,186,295
92$3,176,816$0$0$1,264,135
93$3,383,390$0$0$1,348,555
94$3,607,333$0$0$1,440,183
95$3,850,302$0$0$1,539,710
96$4,114,118$0$0$1,647,897
97$4,400,781$0$0$1,765,580
98$4,712,496$0$0$1,893,679
99$5,051,684$0$0$2,033,206
100$5,421,014$0$0$2,185,276