Can I retire at age 50 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$38,895$38,548$38,210$37,880$37,558$36,240
2 years$19,255$18,896$18,549$18,212$17,885$16,571
3 years$12,709$12,349$12,002$11,668$11,347$10,078
4 years$9,437$9,078$8,735$8,406$8,093$6,879
5 years$7,474$7,117$6,778$6,457$6,152$4,996
6 years$6,166$5,812$5,478$5,164$4,868$3,771
7 years$5,232$4,881$4,552$4,245$3,959$2,921
8 years$4,532$4,184$3,861$3,561$3,284$2,304
9 years$3,987$3,643$3,325$3,033$2,766$1,843
10 years$3,552$3,211$2,899$2,615$2,357$1,489
11 years$3,196$2,858$2,552$2,276$2,027$1,212
12 years$2,900$2,565$2,265$1,996$1,756$993
13 years$2,649$2,318$2,024$1,762$1,532$818
14 years$2,435$2,107$1,818$1,564$1,343$676
15 years$2,249$1,925$1,642$1,395$1,182$561
16 years$2,087$1,766$1,488$1,249$1,045$466
17 years$1,944$1,627$1,354$1,122$926$389
18 years$1,816$1,503$1,236$1,011$824$325
19 years$1,703$1,393$1,132$914$734$271
20 years$1,601$1,295$1,039$828$656$227
21 years$1,509$1,206$955$751$587$190
22 years$1,425$1,126$881$683$526$160
23 years$1,348$1,053$813$622$472$134
24 years$1,279$986$752$567$424$113
25 years$1,214$926$696$518$382$95
26 years$1,155$870$646$474$344$80
27 years$1,100$819$600$434$310$67
28 years$1,050$771$558$397$280$56
29 years$1,003$728$519$364$253$47
30 years$959$687$483$334$228$40
31 years$918$650$451$307$206$34
32 years$879$615$420$282$187$28
33 years$843$582$393$260$169$24
34 years$810$552$367$239$153$20
35 years$778$523$343$220$139$17
36 years$748$497$321$202$126$14
37 years$720$472$300$187$114$12
38 years$693$448$281$172$103$10
39 years$668$426$263$159$94$8
40 years$644$406$247$146$85$7
41 years$621$386$232$135$77$6
42 years$600$368$217$125$70$5
43 years$579$350$204$115$63$4
44 years$560$334$191$106$58$4
45 years$541$319$180$98$52$3
46 years$523$304$169$91$47$3
47 years$506$290$158$84$43$2
48 years$490$277$149$77$39$2
49 years$475$264$140$71$36$2
50 years$460$252$132$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $471,000, adding $5,024 every year, while hoping to spend $25,902 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: 40/48/12 Blend
49$471,000$471,000$471,000$471,000
50$524,224$499,261$491,961$543,125
51$550,136$496,166$480,882$553,851
52$577,822$492,050$468,564$562,515
53$607,436$486,837$454,938$571,316
54$639,148$480,446$439,931$580,278
55$673,142$472,788$423,469$589,430
56$709,620$463,772$405,473$598,805
57$748,805$453,301$385,860$608,442
58$790,941$441,271$364,545$618,386
59$836,297$427,573$341,437$628,690
60$885,166$412,091$316,442$639,412
61$937,872$394,702$289,462$650,622
62$994,771$375,278$260,395$662,399
63$1,056,252$353,682$229,132$674,831
64$1,122,745$329,767$195,563$688,023
65$1,194,721$303,381$159,570$702,089
66$1,272,698$274,363$121,032$717,162
67$1,357,246$242,540$79,819$733,390
68$1,448,993$207,731$35,801$750,944
69$1,548,626$169,747$0$770,012
70$1,656,905$128,384$0$792,241
71$1,774,664$83,429$0$821,427
72$1,902,820$34,657$0$853,270
73$2,042,383$0$0$888,098
74$2,194,464$0$0$935,869
75$2,360,285$0$0$1,007,972
76$2,541,192$0$0$1,086,694
77$2,738,667$0$0$1,172,687
78$2,954,341$0$0$1,266,669
79$3,190,007$0$0$1,369,429
80$3,447,642$0$0$1,481,837
81$3,729,422$0$0$1,604,853
82$4,037,743$0$0$1,739,530
83$4,375,242$0$0$1,887,029
84$4,744,823$0$0$2,048,631
85$5,149,686$0$0$2,225,744
86$5,593,353$0$0$2,419,919
87$6,079,704$0$0$2,632,865
88$6,613,011$0$0$2,866,464
89$7,197,981$0$0$3,122,789
90$7,839,796$0$0$3,404,124
91$8,544,166$0$0$3,712,983
92$9,317,381$0$0$4,052,138
93$10,166,368$0$0$4,424,640
94$11,098,757$0$0$4,833,851
95$12,122,956$0$0$5,283,476
96$13,248,225$0$0$5,777,594
97$14,484,767$0$0$6,320,702
98$15,843,820$0$0$6,917,751
99$17,337,768$0$0$7,574,197
100$18,980,251$0$0$8,296,053