Can I retire at age 50 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$39,060$38,712$38,373$38,041$37,718$37,154
2 years$19,337$18,976$18,627$18,289$17,961$17,394
3 years$12,763$12,401$12,053$11,718$11,395$10,843
4 years$9,477$9,116$8,772$8,442$8,127$7,594
5 years$7,506$7,147$6,807$6,484$6,178$5,666
6 years$6,192$5,836$5,501$5,186$4,888$4,397
7 years$5,254$4,901$4,572$4,263$3,976$3,505
8 years$4,551$4,201$3,877$3,576$3,298$2,849
9 years$4,004$3,658$3,339$3,046$2,778$2,349
10 years$3,567$3,224$2,911$2,626$2,367$1,959
11 years$3,210$2,870$2,563$2,285$2,035$1,648
12 years$2,912$2,576$2,275$2,005$1,764$1,396
13 years$2,661$2,328$2,032$1,770$1,538$1,190
14 years$2,445$2,116$1,826$1,571$1,348$1,019
15 years$2,259$1,933$1,649$1,401$1,187$876
16 years$2,096$1,774$1,495$1,254$1,049$755
17 years$1,952$1,634$1,360$1,127$930$653
18 years$1,824$1,510$1,242$1,016$827$566
19 years$1,710$1,399$1,137$918$737$492
20 years$1,608$1,300$1,043$831$659$428
21 years$1,515$1,211$959$754$589$373
22 years$1,431$1,130$884$686$528$325
23 years$1,354$1,057$817$625$474$284
24 years$1,284$991$755$570$426$248
25 years$1,219$930$699$520$384$217
26 years$1,160$874$649$476$345$190
27 years$1,105$822$602$435$311$167
28 years$1,054$775$560$399$281$146
29 years$1,007$731$521$366$254$128
30 years$963$690$485$336$229$113
31 years$922$653$452$308$207$99
32 years$883$617$422$283$188$87
33 years$847$585$394$261$170$76
34 years$813$554$368$240$154$67
35 years$781$526$344$221$139$59
36 years$751$499$322$203$126$52
37 years$723$474$302$187$114$46
38 years$696$450$282$173$104$40
39 years$671$428$265$159$94$35
40 years$647$407$248$147$85$31
41 years$624$388$232$135$77$27
42 years$602$369$218$125$70$24
43 years$582$352$205$115$64$21
44 years$562$335$192$107$58$19
45 years$543$320$180$98$52$16
46 years$525$305$169$91$48$14
47 years$508$291$159$84$43$13
48 years$492$278$150$78$39$11
49 years$477$265$141$72$36$10
50 years$462$254$132$66$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $473,000, adding $5,528 every year, while hoping to spend $20,617 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: 52/18/30 Blend
49$473,000$473,000$473,000$473,000
50$526,948$501,879$494,548$549,652
51$558,761$504,535$489,179$568,706
52$593,127$506,630$482,939$586,910
53$630,286$508,115$475,777$606,314
54$670,499$508,937$467,640$627,044
55$714,057$509,041$458,473$649,235
56$761,275$508,368$448,216$673,042
57$812,502$506,855$436,808$698,633
58$868,122$504,436$424,186$726,195
59$928,557$501,040$410,282$755,936
60$994,270$496,592$395,028$788,087
61$1,065,773$491,012$378,348$822,901
62$1,143,627$484,216$360,168$860,662
63$1,228,450$476,116$340,407$901,683
64$1,320,922$466,616$318,981$946,308
65$1,421,792$455,617$295,803$994,922
66$1,531,885$443,012$270,782$1,047,949
67$1,652,107$428,689$243,823$1,105,856
68$1,783,456$412,529$214,825$1,169,164
69$1,927,032$394,406$183,686$1,238,447
70$2,084,046$374,189$150,295$1,314,338
71$2,255,829$351,734$114,541$1,397,541
72$2,443,849$326,895$76,303$1,488,831
73$2,649,722$299,513$35,460$1,589,066
74$2,875,226$269,422$0$1,699,194
75$3,122,323$236,447$0$1,822,865
76$3,393,168$200,401$0$1,970,918
77$3,690,139$161,089$0$2,133,314
78$4,015,854$118,303$0$2,311,514
79$4,373,195$71,824$0$2,507,128
80$4,765,338$21,420$0$2,721,933
81$5,195,781$0$0$2,957,885
82$5,668,377$0$0$3,223,711
83$6,187,371$0$0$3,520,344
84$6,757,438$0$0$3,846,219
85$7,383,729$0$0$4,204,288
86$8,071,919$0$0$4,597,801
87$8,828,257$0$0$5,030,339
88$9,659,632$0$0$5,505,849
89$10,573,630$0$0$6,028,677
90$11,578,610$0$0$6,603,613
91$12,683,782$0$0$7,235,931
92$13,899,293$0$0$7,931,448
93$15,236,321$0$0$8,696,566
94$16,707,184$0$0$9,538,344
95$18,325,453$0$0$10,464,557
96$20,106,081$0$0$11,483,773
97$22,065,543$0$0$12,605,432
98$24,221,992$0$0$13,839,935
99$26,595,431$0$0$15,198,743
100$29,207,898$0$0$16,694,484