Can I retire at age 50 with 453,000?

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 $453,000?

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$37,408$37,075$36,750$36,433$36,123$35,657
2 years$18,519$18,174$17,840$17,516$17,201$16,732
3 years$12,223$11,877$11,544$11,222$10,913$10,456
4 years$9,076$8,731$8,401$8,085$7,783$7,341
5 years$7,188$6,845$6,519$6,210$5,917$5,491
6 years$5,930$5,590$5,269$4,966$4,682$4,273
7 years$5,032$4,694$4,378$4,083$3,808$3,416
8 years$4,358$4,024$3,713$3,425$3,159$2,785
9 years$3,835$3,503$3,198$2,918$2,660$2,303
10 years$3,416$3,088$2,788$2,515$2,267$1,926
11 years$3,074$2,749$2,455$2,189$1,949$1,626
12 years$2,789$2,467$2,178$1,920$1,689$1,382
13 years$2,548$2,230$1,946$1,695$1,473$1,181
14 years$2,342$2,027$1,749$1,505$1,291$1,015
15 years$2,163$1,852$1,579$1,342$1,137$875
16 years$2,007$1,699$1,431$1,201$1,005$757
17 years$1,869$1,565$1,303$1,079$891$657
18 years$1,747$1,446$1,189$973$792$572
19 years$1,638$1,340$1,089$879$706$498
20 years$1,540$1,245$999$796$631$435
21 years$1,451$1,160$919$723$564$381
22 years$1,370$1,083$847$657$506$334
23 years$1,297$1,012$782$598$454$293
24 years$1,230$949$723$546$408$257
25 years$1,168$890$670$498$367$226
26 years$1,111$837$621$456$331$198
27 years$1,058$787$577$417$298$175
28 years$1,010$742$536$382$269$154
29 years$964$700$499$350$243$135
30 years$922$661$465$322$220$119
31 years$883$625$433$295$199$105
32 years$846$591$404$271$180$93
33 years$811$560$378$250$163$82
34 years$779$531$353$230$147$72
35 years$748$503$330$211$133$64
36 years$719$478$309$195$121$56
37 years$692$454$289$179$109$50
38 years$667$431$270$165$99$44
39 years$642$410$253$152$90$39
40 years$619$390$237$141$82$34
41 years$597$371$223$130$74$30
42 years$577$354$209$120$67$27
43 years$557$337$196$111$61$24
44 years$538$321$184$102$55$21
45 years$520$306$173$94$50$18
46 years$503$292$162$87$46$16
47 years$487$279$152$80$41$14
48 years$471$266$143$74$38$13
49 years$457$254$135$69$34$11
50 years$442$243$127$63$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $453,000, adding $4,805 every year, while hoping to spend $29,347 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: 69/13/18 Blend
49$453,000$453,000$453,000$453,000
50$504,162$480,153$473,132$536,440
51$524,362$472,456$457,757$550,884
52$545,638$463,398$440,883$562,770
53$568,070$452,881$422,430$575,043
54$591,744$440,803$402,311$587,741
55$616,752$427,053$380,440$600,903
56$643,199$411,516$356,722$614,573
57$671,194$394,069$331,061$628,802
58$700,859$374,582$303,355$643,646
59$732,329$352,918$273,499$659,168
60$765,748$328,933$241,383$675,437
61$801,275$302,472$206,890$692,534
62$839,085$273,373$169,901$710,546
63$879,368$241,464$130,289$729,570
64$922,333$206,565$87,923$749,718
65$968,208$168,484$42,666$771,110
66$1,017,244$127,019$0$793,883
67$1,069,716$81,956$0$819,272
68$1,125,924$33,069$0$855,178
69$1,186,199$0$0$893,617
70$1,250,903$0$0$937,674
71$1,320,434$0$0$990,119
72$1,395,228$0$0$1,046,553
73$1,475,765$0$0$1,107,339
74$1,562,570$0$0$1,172,878
75$1,656,222$0$0$1,243,608
76$1,757,356$0$0$1,320,012
77$1,866,670$0$0$1,402,621
78$1,984,932$0$0$1,492,016
79$2,112,983$0$0$1,588,839
80$2,251,752$0$0$1,693,795
81$2,402,257$0$0$1,807,657
82$2,565,620$0$0$1,931,277
83$2,743,073$0$0$2,065,592
84$2,935,973$0$0$2,211,634
85$3,145,812$0$0$2,370,535
86$3,374,231$0$0$2,543,544
87$3,623,036$0$0$2,732,033
88$3,894,216$0$0$2,937,512
89$4,189,957$0$0$3,161,645
90$4,512,667$0$0$3,406,262
91$4,864,997$0$0$3,673,377
92$5,249,864$0$0$3,965,207
93$5,670,479$0$0$4,284,194
94$6,130,379$0$0$4,633,025
95$6,633,456$0$0$5,014,660
96$7,183,996$0$0$5,432,358
97$7,786,721$0$0$5,889,706
98$8,446,827$0$0$6,390,656
99$9,170,039$0$0$6,939,559
100$9,962,660$0$0$7,541,208