Can I retire at age 50 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$38,234$37,894$37,561$37,237$36,920$36,279
2 years$18,928$18,575$18,234$17,902$17,581$16,937
3 years$12,493$12,139$11,798$11,470$11,154$10,527
4 years$9,277$8,924$8,586$8,264$7,955$7,351
5 years$7,347$6,996$6,663$6,347$6,047$5,467
6 years$6,061$5,713$5,385$5,076$4,785$4,229
7 years$5,143$4,798$4,475$4,173$3,892$3,360
8 years$4,455$4,113$3,795$3,501$3,228$2,722
9 years$3,920$3,581$3,269$2,982$2,719$2,236
10 years$3,492$3,156$2,850$2,570$2,317$1,858
11 years$3,142$2,810$2,509$2,237$1,992$1,557
12 years$2,851$2,522$2,227$1,962$1,727$1,314
13 years$2,604$2,279$1,989$1,732$1,506$1,115
14 years$2,394$2,072$1,787$1,538$1,320$951
15 years$2,211$1,892$1,614$1,371$1,162$814
16 years$2,051$1,736$1,463$1,228$1,027$699
17 years$1,911$1,599$1,331$1,103$911$602
18 years$1,786$1,478$1,215$994$810$520
19 years$1,674$1,369$1,113$898$722$449
20 years$1,574$1,273$1,021$814$645$389
21 years$1,483$1,185$939$738$577$338
22 years$1,401$1,106$866$671$517$293
23 years$1,326$1,035$799$612$464$255
24 years$1,257$970$739$558$417$222
25 years$1,194$910$685$509$375$193
26 years$1,136$855$635$466$338$169
27 years$1,082$805$590$426$305$147
28 years$1,032$758$548$391$275$128
29 years$986$715$510$358$248$112
30 years$942$676$475$329$224$98
31 years$902$639$443$302$203$85
32 years$864$604$413$277$184$75
33 years$829$572$386$255$166$65
34 years$796$542$361$235$150$57
35 years$765$514$337$216$136$50
36 years$735$488$315$199$123$44
37 years$708$464$295$183$112$38
38 years$681$441$276$169$101$33
39 years$657$419$259$156$92$29
40 years$633$399$243$144$83$26
41 years$611$380$228$133$76$22
42 years$589$362$213$122$69$20
43 years$569$344$200$113$62$17
44 years$550$328$188$104$57$15
45 years$532$313$177$96$51$13
46 years$514$299$166$89$47$11
47 years$498$285$156$82$42$10
48 years$482$272$146$76$38$9
49 years$467$260$138$70$35$8
50 years$452$248$129$65$32$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $463,000, adding $2,019 every year, while hoping to spend $27,303 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: 59/17/24 Blend
49$463,000$463,000$463,000$463,000
50$512,309$487,770$480,593$539,124
51$535,514$482,620$467,643$552,464
52$560,171$476,303$453,344$563,892
53$586,399$468,733$437,621$575,768
54$614,329$459,818$420,399$588,140
55$644,104$449,462$401,595$601,065
56$675,879$437,563$381,126$614,605
57$709,827$424,012$358,902$628,830
58$746,136$408,694$334,831$643,819
59$785,011$391,489$308,817$659,662
60$826,678$372,269$280,759$676,456
61$871,386$350,897$250,551$694,312
62$919,406$327,229$218,083$713,356
63$971,038$301,115$183,241$733,725
64$1,026,608$272,394$145,903$755,574
65$1,086,476$240,896$105,946$779,076
66$1,151,039$206,442$63,237$804,423
67$1,220,729$168,842$17,640$831,832
68$1,296,026$127,897$0$861,540
69$1,377,452$83,396$0$901,757
70$1,465,584$35,114$0$950,175
71$1,561,056$0$0$1,002,640
72$1,664,565$0$0$1,062,775
73$1,776,877$0$0$1,135,184
74$1,898,833$0$0$1,213,845
75$2,031,362$0$0$1,299,359
76$2,175,483$0$0$1,392,390
77$2,332,317$0$0$1,493,665
78$2,503,099$0$0$1,603,987
79$2,689,186$0$0$1,724,237
80$2,892,073$0$0$1,855,388
81$3,113,406$0$0$1,998,507
82$3,354,994$0$0$2,154,771
83$3,618,831$0$0$2,325,475
84$3,907,110$0$0$2,512,045
85$4,222,248$0$0$2,716,050
86$4,566,902$0$0$2,939,219
87$4,944,002$0$0$3,183,454
88$5,356,772$0$0$3,450,851
89$5,808,761$0$0$3,743,717
90$6,303,879$0$0$4,064,592
91$6,846,432$0$0$4,416,276
92$7,441,162$0$0$4,801,851
93$8,093,290$0$0$5,224,710
94$8,808,569$0$0$5,688,592
95$9,593,334$0$0$6,197,616
96$10,454,563$0$0$6,756,317
97$11,399,943$0$0$7,369,692
98$12,437,941$0$0$8,043,244
99$13,577,883$0$0$8,783,036
100$14,830,044$0$0$9,595,748