Can I retire at age 50 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$35,426$35,111$34,803$34,502$34,209$33,937
2 years$17,538$17,211$16,895$16,588$16,290$16,015
3 years$11,576$11,248$10,932$10,628$10,335$10,067
4 years$8,595$8,268$7,956$7,657$7,371$7,111
5 years$6,807$6,482$6,174$5,881$5,603$5,353
6 years$5,616$5,293$4,989$4,703$4,434$4,192
7 years$4,765$4,445$4,146$3,867$3,606$3,374
8 years$4,128$3,811$3,516$3,244$2,991$2,769
9 years$3,632$3,318$3,029$2,763$2,519$2,307
10 years$3,235$2,924$2,640$2,382$2,146$1,943
11 years$2,911$2,603$2,325$2,073$1,846$1,652
12 years$2,641$2,337$2,063$1,818$1,600$1,415
13 years$2,413$2,112$1,843$1,605$1,395$1,219
14 years$2,218$1,919$1,656$1,425$1,223$1,055
15 years$2,049$1,753$1,495$1,271$1,077$918
16 years$1,901$1,609$1,356$1,138$952$801
17 years$1,770$1,482$1,234$1,022$844$701
18 years$1,654$1,369$1,126$921$750$615
19 years$1,551$1,269$1,031$832$669$541
20 years$1,458$1,179$946$754$597$476
21 years$1,374$1,098$870$684$534$421
22 years$1,298$1,025$802$622$479$372
23 years$1,228$959$741$567$430$329
24 years$1,165$898$685$517$387$291
25 years$1,106$843$634$472$348$258
26 years$1,052$792$588$432$313$229
27 years$1,002$746$546$395$282$204
28 years$956$703$508$362$255$181
29 years$913$663$473$332$230$161
30 years$873$626$440$305$208$143
31 years$836$592$410$280$188$128
32 years$801$560$383$257$170$114
33 years$768$530$358$236$154$101
34 years$738$503$334$218$139$90
35 years$709$477$312$200$126$80
36 years$681$452$292$184$114$72
37 years$656$430$273$170$104$64
38 years$631$408$256$157$94$57
39 years$608$388$240$144$85$51
40 years$587$369$225$133$77$45
41 years$566$352$211$123$70$41
42 years$546$335$198$113$64$36
43 years$527$319$186$105$58$32
44 years$510$304$174$97$52$29
45 years$493$290$164$89$48$26
46 years$477$277$154$82$43$23
47 years$461$264$144$76$39$21
48 years$446$252$136$70$36$18
49 years$432$241$128$65$32$16
50 years$419$230$120$60$29$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $429,000, adding $2,027 every year, while hoping to spend $29,997 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: 68/24/8 Blend
49$429,000$429,000$429,000$429,000
50$474,849$452,112$445,462$506,312
51$491,367$442,349$428,469$517,677
52$508,564$431,102$409,901$526,281
53$526,479$418,267$389,673$534,889
54$545,151$403,733$367,699$543,495
55$564,624$387,384$343,884$552,095
56$584,946$369,096$318,134$560,685
57$606,166$348,737$290,347$569,262
58$628,340$326,170$260,419$577,824
59$651,526$301,248$228,238$586,368
60$675,789$273,816$193,692$594,895
61$701,197$243,711$156,658$603,405
62$727,826$210,760$117,013$611,902
63$755,757$174,780$74,626$620,388
64$785,079$135,579$29,360$628,870
65$815,887$92,952$0$637,358
66$848,285$46,684$0$647,481
67$882,387$0$0$660,415
68$918,315$0$0$674,596
69$956,206$0$0$702,562
70$996,204$0$0$732,095
71$1,038,469$0$0$763,313
72$1,083,176$0$0$796,346
73$1,130,515$0$0$831,336
74$1,180,694$0$0$868,439
75$1,233,939$0$0$907,825
76$1,290,498$0$0$949,678
77$1,350,644$0$0$994,201
78$1,414,672$0$0$1,041,617
79$1,482,909$0$0$1,092,169
80$1,555,710$0$0$1,146,123
81$1,633,466$0$0$1,203,770
82$1,716,603$0$0$1,265,431
83$1,805,591$0$0$1,331,456
84$1,900,943$0$0$1,402,230
85$2,003,224$0$0$1,478,173
86$2,113,051$0$0$1,559,750
87$2,231,104$0$0$1,647,468
88$2,358,127$0$0$1,741,885
89$2,494,940$0$0$1,843,613
90$2,642,441$0$0$1,953,325
91$2,801,616$0$0$2,071,760
92$2,973,551$0$0$2,199,730
93$3,159,439$0$0$2,338,128
94$3,360,588$0$0$2,487,934
95$3,578,439$0$0$2,650,227
96$3,814,575$0$0$2,826,192
97$4,070,739$0$0$3,017,133
98$4,348,844$0$0$3,224,484
99$4,650,997$0$0$3,449,823
100$4,979,514$0$0$3,694,884