Can I retire at age 50 with 462,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$38,152$37,812$37,480$37,157$36,841$36,008
2 years$18,887$18,535$18,194$17,864$17,543$16,709
3 years$12,466$12,113$11,773$11,445$11,130$10,320
4 years$9,256$8,904$8,568$8,246$7,938$7,159
5 years$7,331$6,981$6,649$6,334$6,034$5,288
6 years$6,048$5,701$5,373$5,065$4,775$4,062
7 years$5,132$4,787$4,465$4,164$3,883$3,204
8 years$4,445$4,104$3,787$3,493$3,221$2,576
9 years$3,911$3,573$3,262$2,975$2,713$2,100
10 years$3,484$3,149$2,844$2,565$2,312$1,731
11 years$3,135$2,804$2,503$2,232$1,988$1,439
12 years$2,845$2,516$2,222$1,958$1,723$1,204
13 years$2,599$2,274$1,985$1,729$1,502$1,013
14 years$2,388$2,067$1,783$1,534$1,317$856
15 years$2,206$1,888$1,610$1,368$1,160$726
16 years$2,047$1,733$1,460$1,225$1,025$618
17 years$1,906$1,596$1,328$1,101$909$527
18 years$1,782$1,474$1,213$992$808$451
19 years$1,670$1,366$1,110$896$720$386
20 years$1,570$1,270$1,019$812$643$331
21 years$1,480$1,183$937$737$576$285
22 years$1,398$1,104$864$670$516$245
23 years$1,323$1,033$798$610$463$211
24 years$1,254$967$738$557$416$181
25 years$1,191$908$683$508$375$156
26 years$1,133$853$634$465$337$135
27 years$1,079$803$588$425$304$116
28 years$1,030$757$547$390$274$101
29 years$983$714$509$357$248$87
30 years$940$674$474$328$224$75
31 years$900$637$442$301$202$65
32 years$863$603$412$277$183$56
33 years$827$571$385$255$166$48
34 years$794$541$360$234$150$42
35 years$763$513$336$216$136$36
36 years$734$487$315$199$123$31
37 years$706$463$294$183$112$27
38 years$680$440$276$169$101$23
39 years$655$418$258$156$92$20
40 years$632$398$242$143$83$18
41 years$609$379$227$132$76$15
42 years$588$361$213$122$69$13
43 years$568$344$200$113$62$11
44 years$549$328$188$104$56$10
45 years$531$312$176$96$51$9
46 years$513$298$165$89$47$7
47 years$497$284$155$82$42$6
48 years$481$272$146$76$38$6
49 years$466$259$137$70$35$5
50 years$451$248$129$65$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $462,000, adding $6,614 every year, while hoping to spend $34,214 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: 61/9/30 Blend
49$462,000$462,000$462,000$462,000
50$515,946$491,460$484,299$542,862
51$532,169$479,138$464,120$549,662
52$548,901$465,066$442,118$552,847
53$566,155$449,121$418,196$555,614
54$583,950$431,175$392,252$557,932
55$602,302$411,091$364,181$559,765
56$621,227$388,725$333,871$561,077
57$640,743$363,924$301,207$561,830
58$660,869$336,526$266,068$561,983
59$681,623$306,361$228,326$561,494
60$703,024$273,248$187,851$560,317
61$725,092$236,997$144,503$558,406
62$747,847$197,406$98,140$555,710
63$771,311$154,262$48,611$552,176
64$795,504$107,340$0$547,750
65$820,448$56,403$0$543,732
66$846,167$1,200$0$555,396
67$872,683$0$0$567,155
68$900,020$0$0$584,795
69$928,203$0$0$603,103
70$957,256$0$0$621,977
71$987,206$0$0$641,432
72$1,018,079$0$0$661,486
73$1,049,901$0$0$682,157
74$1,082,700$0$0$703,461
75$1,116,504$0$0$725,418
76$1,151,343$0$0$748,046
77$1,187,245$0$0$771,364
78$1,224,241$0$0$795,392
79$1,262,361$0$0$820,149
80$1,301,637$0$0$845,655
81$1,342,100$0$0$871,931
82$1,383,783$0$0$898,999
83$1,426,719$0$0$926,878
84$1,470,940$0$0$955,590
85$1,516,481$0$0$985,157
86$1,563,375$0$0$1,015,602
87$1,611,657$0$0$1,046,945
88$1,661,362$0$0$1,079,210
89$1,712,524$0$0$1,112,418
90$1,765,178$0$0$1,146,591
91$1,819,360$0$0$1,181,753
92$1,875,103$0$0$1,217,925
93$1,932,442$0$0$1,255,129
94$1,991,411$0$0$1,293,387
95$2,052,043$0$0$1,332,719
96$2,114,372$0$0$1,373,146
97$2,178,428$0$0$1,414,688
98$2,244,242$0$0$1,457,365
99$2,311,844$0$0$1,501,193
100$2,381,259$0$0$1,546,189