Can I retire at age 50 with 462,000?

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 $462,000?

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$38,152$37,812$37,480$37,157$36,841$36,425
2 years$18,887$18,535$18,194$17,864$17,543$17,125
3 years$12,466$12,113$11,773$11,445$11,130$10,722
4 years$9,256$8,904$8,568$8,246$7,938$7,544
5 years$7,331$6,981$6,649$6,334$6,034$5,655
6 years$6,048$5,701$5,373$5,065$4,775$4,410
7 years$5,132$4,787$4,465$4,164$3,883$3,533
8 years$4,445$4,104$3,787$3,493$3,221$2,887
9 years$3,911$3,573$3,262$2,975$2,713$2,393
10 years$3,484$3,149$2,844$2,565$2,312$2,007
11 years$3,135$2,804$2,503$2,232$1,988$1,697
12 years$2,845$2,516$2,222$1,958$1,723$1,446
13 years$2,599$2,274$1,985$1,729$1,502$1,240
14 years$2,388$2,067$1,783$1,534$1,317$1,068
15 years$2,206$1,888$1,610$1,368$1,160$923
16 years$2,047$1,733$1,460$1,225$1,025$801
17 years$1,906$1,596$1,328$1,101$909$697
18 years$1,782$1,474$1,213$992$808$608
19 years$1,670$1,366$1,110$896$720$532
20 years$1,570$1,270$1,019$812$643$466
21 years$1,480$1,183$937$737$576$409
22 years$1,398$1,104$864$670$516$359
23 years$1,323$1,033$798$610$463$316
24 years$1,254$967$738$557$416$278
25 years$1,191$908$683$508$375$245
26 years$1,133$853$634$465$337$216
27 years$1,079$803$588$425$304$191
28 years$1,030$757$547$390$274$169
29 years$983$714$509$357$248$149
30 years$940$674$474$328$224$132
31 years$900$637$442$301$202$117
32 years$863$603$412$277$183$103
33 years$827$571$385$255$166$91
34 years$794$541$360$234$150$81
35 years$763$513$336$216$136$72
36 years$734$487$315$199$123$63
37 years$706$463$294$183$112$56
38 years$680$440$276$169$101$50
39 years$655$418$258$156$92$44
40 years$632$398$242$143$83$39
41 years$609$379$227$132$76$35
42 years$588$361$213$122$69$31
43 years$568$344$200$113$62$27
44 years$549$328$188$104$56$24
45 years$531$312$176$96$51$21
46 years$513$298$165$89$47$19
47 years$497$284$155$82$42$17
48 years$481$272$146$76$38$15
49 years$466$259$137$70$35$13
50 years$451$248$129$65$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $462,000, adding $4,972 every year, while hoping to spend $43,166 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: 62/13/25 Blend
49$462,000$462,000$462,000$462,000
50$514,253$489,767$482,606$542,441
51$520,778$467,837$452,845$540,201
52$526,522$443,386$420,640$532,583
53$531,360$416,244$385,864$523,318
54$535,152$386,234$348,384$512,253
55$537,744$353,165$308,060$499,219
56$538,961$316,837$264,748$484,034
57$538,613$277,041$218,295$466,499
58$536,488$233,551$168,544$446,397
59$532,347$186,134$115,328$423,492
60$525,931$134,538$58,476$397,528
61$516,947$78,502$0$368,222
62$505,074$17,747$0$335,854
63$489,956$0$0$316,188
64$471,196$0$0$300,167
65$448,357$0$0$283,877
66$420,956$0$0$264,448
67$388,456$0$0$241,513
68$350,264$0$0$214,666
69$305,726$0$0$183,460
70$254,117$0$0$147,397
71$194,635$0$0$105,931
72$126,397$0$0$58,455
73$48,423$0$0$4,302
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0