Can I retire at age 50 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$38,812$38,466$38,129$37,800$37,478$36,322
2 years$19,214$18,856$18,509$18,173$17,847$16,692
3 years$12,682$12,323$11,977$11,644$11,323$10,206
4 years$9,417$9,058$8,716$8,389$8,076$7,005
5 years$7,458$7,102$6,764$6,443$6,139$5,117
6 years$6,153$5,799$5,466$5,153$4,857$3,886
7 years$5,221$4,870$4,543$4,236$3,950$3,029
8 years$4,522$4,175$3,852$3,554$3,277$2,405
9 years$3,979$3,635$3,318$3,027$2,760$1,936
10 years$3,545$3,204$2,893$2,609$2,352$1,575
11 years$3,190$2,852$2,547$2,271$2,022$1,292
12 years$2,894$2,560$2,260$1,992$1,753$1,066
13 years$2,644$2,314$2,019$1,759$1,528$884
14 years$2,430$2,103$1,814$1,561$1,340$737
15 years$2,244$1,921$1,638$1,392$1,180$616
16 years$2,082$1,763$1,485$1,247$1,043$516
17 years$1,939$1,623$1,351$1,120$924$434
18 years$1,813$1,500$1,234$1,009$822$365
19 years$1,699$1,390$1,129$912$733$308
20 years$1,597$1,292$1,037$826$654$260
21 years$1,505$1,203$953$750$586$220
22 years$1,422$1,123$879$682$525$186
23 years$1,346$1,050$811$621$471$157
24 years$1,276$984$750$566$423$133
25 years$1,212$924$695$517$381$113
26 years$1,153$868$645$473$343$96
27 years$1,098$817$599$433$309$81
28 years$1,048$770$556$396$279$69
29 years$1,001$726$518$364$252$59
30 years$957$686$482$334$228$50
31 years$916$648$450$306$206$42
32 years$878$613$420$282$186$36
33 years$842$581$392$259$169$31
34 years$808$551$366$238$153$26
35 years$776$522$342$219$138$22
36 years$746$496$320$202$125$19
37 years$718$471$300$186$114$16
38 years$692$447$281$172$103$14
39 years$666$425$263$158$93$11
40 years$643$405$246$146$85$10
41 years$620$385$231$135$77$8
42 years$598$367$217$124$70$7
43 years$578$350$203$115$63$6
44 years$558$333$191$106$57$5
45 years$540$318$179$98$52$4
46 years$522$303$168$90$47$4
47 years$505$289$158$83$43$3
48 years$489$276$149$77$39$3
49 years$474$264$140$71$35$2
50 years$459$252$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $470,000, adding $4,924 every year, while hoping to spend $25,521 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: 52/32/16 Blend
49$470,000$470,000$470,000$470,000
50$523,019$498,109$490,824$547,703
51$549,213$495,362$480,113$562,407
52$577,223$491,626$468,187$575,295
53$607,208$486,823$454,979$588,747
54$639,341$480,876$440,419$602,824
55$673,814$473,698$424,433$617,595
56$710,834$465,200$406,942$633,135
57$750,631$455,287$387,867$649,533
58$793,457$443,858$367,122$666,884
59$839,589$430,807$344,620$685,295
60$889,330$416,019$320,268$704,889
61$943,014$399,376$293,969$725,801
62$1,001,007$380,751$265,623$748,180
63$1,063,712$360,011$235,124$772,197
64$1,131,572$337,013$202,362$798,038
65$1,205,074$311,608$167,222$825,914
66$1,284,753$283,638$129,586$856,058
67$1,371,197$252,935$89,326$888,731
68$1,465,053$219,323$46,312$924,223
69$1,567,033$182,615$409$962,856
70$1,677,921$142,613$0$1,004,990
71$1,798,577$99,110$0$1,059,317
72$1,929,950$51,884$0$1,118,600
73$2,073,081$703$0$1,183,291
74$2,229,121$0$0$1,253,963
75$2,399,330$0$0$1,350,507
76$2,585,101$0$0$1,456,192
77$2,787,962$0$0$1,571,647
78$3,009,600$0$0$1,697,836
79$3,251,869$0$0$1,835,822
80$3,516,811$0$0$1,986,774
81$3,806,674$0$0$2,151,980
82$4,123,934$0$0$2,332,857
83$4,471,318$0$0$2,530,966
84$4,851,828$0$0$2,748,028
85$5,268,769$0$0$2,985,936
86$5,725,783$0$0$3,246,775
87$6,226,879$0$0$3,532,842
88$6,776,475$0$0$3,846,667
89$7,379,435$0$0$4,191,037
90$8,041,118$0$0$4,569,020
91$8,767,425$0$0$4,983,999
92$9,564,858$0$0$5,439,697
93$10,440,578$0$0$5,940,218
94$11,402,476$0$0$6,490,080
95$12,459,241$0$0$7,094,263
96$13,620,447$0$0$7,758,251
97$14,896,644$0$0$8,488,088
98$16,299,450$0$0$9,290,431
99$17,841,668$0$0$10,172,615
100$19,537,402$0$0$11,142,720