Can I retire at age 50 with 458,000?

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 $458,000?

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$37,821$37,484$37,156$36,835$36,522$36,050
2 years$18,723$18,375$18,037$17,709$17,391$16,917
3 years$12,358$12,008$11,671$11,346$11,034$10,571
4 years$9,176$8,827$8,493$8,174$7,869$7,422
5 years$7,268$6,921$6,591$6,279$5,982$5,552
6 years$5,996$5,651$5,327$5,021$4,733$4,321
7 years$5,087$4,746$4,427$4,128$3,850$3,454
8 years$4,407$4,068$3,754$3,463$3,194$2,816
9 years$3,877$3,542$3,233$2,950$2,689$2,329
10 years$3,454$3,122$2,819$2,543$2,292$1,948
11 years$3,108$2,779$2,482$2,213$1,971$1,644
12 years$2,820$2,495$2,202$1,941$1,708$1,397
13 years$2,576$2,254$1,968$1,714$1,489$1,194
14 years$2,368$2,049$1,768$1,521$1,306$1,026
15 years$2,187$1,872$1,596$1,357$1,149$885
16 years$2,029$1,718$1,447$1,215$1,016$766
17 years$1,890$1,582$1,317$1,091$901$664
18 years$1,766$1,462$1,202$984$801$578
19 years$1,656$1,355$1,101$889$714$504
20 years$1,557$1,259$1,010$805$638$440
21 years$1,467$1,173$929$731$571$385
22 years$1,385$1,094$856$664$511$337
23 years$1,311$1,024$791$605$459$296
24 years$1,243$959$731$552$413$260
25 years$1,181$900$677$504$371$228
26 years$1,123$846$628$461$335$201
27 years$1,070$796$583$422$302$176
28 years$1,021$750$542$386$272$155
29 years$975$708$505$354$246$137
30 years$932$668$470$325$222$121
31 years$892$632$438$299$201$106
32 years$855$598$409$274$182$94
33 years$820$566$382$252$164$83
34 years$787$537$357$232$149$73
35 years$757$509$333$214$135$64
36 years$727$483$312$197$122$57
37 years$700$459$292$181$111$50
38 years$674$436$273$167$100$44
39 years$649$415$256$154$91$39
40 years$626$394$240$142$83$35
41 years$604$375$225$131$75$31
42 years$583$358$211$121$68$27
43 years$563$341$198$112$62$24
44 years$544$325$186$103$56$21
45 years$526$310$175$95$51$19
46 years$509$295$164$88$46$16
47 years$492$282$154$81$42$15
48 years$477$269$145$75$38$13
49 years$462$257$136$69$35$11
50 years$447$246$128$64$31$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $458,000, adding $5,083 every year, while hoping to spend $22,145 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: 62/32/6 Blend
49$458,000$458,000$458,000$458,000
50$509,959$485,685$478,586$540,712
51$538,413$485,922$471,057$562,096
52$569,027$485,427$462,533$582,379
53$601,997$484,143$452,958$603,943
54$637,542$482,007$442,272$626,912
55$675,897$478,951$430,414$651,423
56$717,324$474,905$417,319$677,625
57$762,110$469,794$402,918$705,686
58$810,570$463,539$387,140$735,790
59$863,050$456,055$369,912$768,141
60$919,933$447,254$351,156$802,965
61$981,637$437,039$330,790$840,511
62$1,048,622$425,313$308,729$881,056
63$1,121,395$411,967$284,886$924,904
64$1,200,515$396,891$259,167$972,393
65$1,286,594$379,965$231,476$1,023,897
66$1,380,308$361,064$201,711$1,079,828
67$1,482,398$340,056$169,768$1,140,643
68$1,593,683$316,798$135,535$1,206,846
69$1,715,061$291,144$98,898$1,278,995
70$1,847,523$262,935$59,736$1,357,705
71$1,992,157$232,006$17,925$1,443,659
72$2,150,165$198,182$0$1,537,608
73$2,322,865$161,277$0$1,642,094
74$2,511,713$121,095$0$1,757,661
75$2,718,308$77,429$0$1,884,187
76$2,944,414$30,061$0$2,022,800
77$3,191,971$0$0$2,174,751
78$3,463,116$0$0$2,348,896
79$3,760,204$0$0$2,551,335
80$4,085,825$0$0$2,773,253
81$4,442,836$0$0$3,016,599
82$4,834,380$0$0$3,283,521
83$5,263,920$0$0$3,576,385
84$5,735,271$0$0$3,897,797
85$6,252,634$0$0$4,250,626
86$6,820,637$0$0$4,638,034
87$7,444,380$0$0$5,063,503
88$8,129,477$0$0$5,530,871
89$8,882,116$0$0$6,044,364
90$9,709,113$0$0$6,608,637
91$10,617,975$0$0$7,228,820
92$11,616,975$0$0$7,910,563
93$12,715,226$0$0$8,660,094
94$13,922,768$0$0$9,484,270
95$15,250,662$0$0$10,390,649
96$16,711,097$0$0$11,387,556
97$18,317,500$0$0$12,484,165
98$20,084,665$0$0$13,690,584
99$22,028,892$0$0$15,017,947
100$24,168,141$0$0$16,478,526