Can I retire at age 50 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$37,656$37,321$36,993$36,674$36,362$35,952
2 years$18,642$18,294$17,958$17,632$17,315$16,903
3 years$12,304$11,956$11,620$11,297$10,986$10,583
4 years$9,136$8,789$8,456$8,139$7,835$7,446
5 years$7,236$6,890$6,562$6,251$5,956$5,581
6 years$5,969$5,627$5,303$4,999$4,713$4,353
7 years$5,065$4,725$4,407$4,110$3,833$3,488
8 years$4,387$4,050$3,738$3,448$3,180$2,849
9 years$3,860$3,527$3,219$2,937$2,678$2,362
10 years$3,439$3,108$2,807$2,532$2,282$1,980
11 years$3,094$2,767$2,471$2,203$1,962$1,675
12 years$2,808$2,484$2,193$1,933$1,700$1,428
13 years$2,565$2,245$1,959$1,706$1,483$1,224
14 years$2,357$2,040$1,760$1,515$1,300$1,054
15 years$2,177$1,864$1,589$1,351$1,144$911
16 years$2,020$1,710$1,441$1,209$1,011$791
17 years$1,882$1,575$1,311$1,087$897$688
18 years$1,759$1,455$1,197$979$797$601
19 years$1,649$1,349$1,096$885$711$525
20 years$1,550$1,253$1,006$801$635$460
21 years$1,460$1,167$925$727$568$404
22 years$1,379$1,090$853$661$509$355
23 years$1,305$1,019$787$602$457$312
24 years$1,238$955$728$549$411$275
25 years$1,176$896$674$502$370$242
26 years$1,118$842$625$459$333$213
27 years$1,065$793$581$420$300$188
28 years$1,016$747$540$385$271$166
29 years$971$705$502$353$245$147
30 years$928$665$468$324$221$130
31 years$889$629$436$297$200$115
32 years$851$595$407$273$181$102
33 years$817$564$380$251$164$90
34 years$784$534$355$231$148$80
35 years$753$507$332$213$134$71
36 years$724$481$311$196$122$63
37 years$697$457$291$181$110$55
38 years$671$434$272$166$100$49
39 years$647$413$255$153$91$44
40 years$623$393$239$142$82$39
41 years$601$374$224$131$75$34
42 years$581$356$210$121$68$30
43 years$561$339$197$111$61$27
44 years$542$323$185$103$56$24
45 years$524$308$174$95$51$21
46 years$507$294$163$88$46$19
47 years$490$281$153$81$42$17
48 years$475$268$144$75$38$15
49 years$460$256$136$69$34$13
50 years$445$244$127$64$31$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $456,000, adding $5,121 every year, while hoping to spend $31,605 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: 74/8/18 Blend
49$456,000$456,000$456,000$456,000
50$507,794$483,626$476,558$542,885
51$525,962$473,697$458,896$556,905
52$544,923$462,221$439,582$567,902
53$564,726$449,090$418,528$579,126
54$585,422$434,189$395,643$590,591
55$607,066$417,396$370,828$602,315
56$629,718$398,580$343,982$614,317
57$653,444$377,605$315,001$626,619
58$678,315$354,327$283,772$639,247
59$704,406$328,592$250,181$652,227
60$731,800$300,238$214,108$665,593
61$760,589$269,095$175,425$679,379
62$790,870$234,981$134,003$693,627
63$822,749$197,706$89,703$708,382
64$856,343$157,067$42,381$723,695
65$891,779$112,852$0$739,624
66$929,194$64,835$0$757,793
67$968,738$12,778$0$785,502
68$1,010,576$0$0$814,717
69$1,054,887$0$0$849,395
70$1,101,866$0$0$887,364
71$1,151,728$0$0$927,673
72$1,204,706$0$0$970,512
73$1,261,056$0$0$1,016,090
74$1,321,058$0$0$1,064,633
75$1,385,018$0$0$1,116,393
76$1,453,273$0$0$1,171,642
77$1,526,189$0$0$1,230,679
78$1,604,171$0$0$1,293,834
79$1,687,660$0$0$1,361,466
80$1,777,140$0$0$1,433,969
81$1,873,143$0$0$1,511,777
82$1,976,252$0$0$1,595,366
83$2,087,109$0$0$1,685,256
84$2,206,415$0$0$1,782,020
85$2,334,942$0$0$1,886,288
86$2,473,539$0$0$1,998,749
87$2,623,136$0$0$2,120,164
88$2,784,757$0$0$2,251,366
89$2,959,526$0$0$2,393,271
90$3,148,679$0$0$2,546,886
91$3,353,576$0$0$2,713,320
92$3,575,709$0$0$2,893,790
93$3,816,722$0$0$3,089,634
94$4,078,422$0$0$3,302,326
95$4,362,795$0$0$3,533,485
96$4,672,028$0$0$3,784,893
97$5,008,527$0$0$4,058,512
98$5,374,936$0$0$4,356,497
99$5,774,169$0$0$4,681,224
100$6,209,430$0$0$5,035,304