Can I retire at age 50 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$39,390$39,039$38,697$38,363$38,037$36,542
2 years$19,500$19,137$18,785$18,444$18,113$16,625
3 years$12,871$12,506$12,155$11,817$11,491$10,058
4 years$9,557$9,193$8,846$8,514$8,196$6,827
5 years$7,569$7,208$6,865$6,539$6,230$4,930
6 years$6,244$5,886$5,548$5,229$4,930$3,699
7 years$5,298$4,943$4,610$4,299$4,009$2,847
8 years$4,589$4,237$3,910$3,607$3,326$2,231
9 years$4,038$3,689$3,368$3,072$2,801$1,772
10 years$3,597$3,252$2,936$2,648$2,387$1,422
11 years$3,237$2,895$2,585$2,305$2,053$1,149
12 years$2,937$2,598$2,294$2,022$1,779$935
13 years$2,683$2,348$2,049$1,785$1,551$764
14 years$2,466$2,134$1,841$1,584$1,360$627
15 years$2,278$1,950$1,663$1,413$1,197$516
16 years$2,113$1,789$1,507$1,265$1,058$426
17 years$1,968$1,647$1,372$1,137$938$352
18 years$1,840$1,522$1,252$1,024$834$291
19 years$1,725$1,411$1,146$926$743$242
20 years$1,621$1,311$1,052$838$664$201
21 years$1,528$1,221$968$761$594$167
22 years$1,443$1,140$892$692$533$139
23 years$1,366$1,066$823$630$478$115
24 years$1,295$999$762$575$430$96
25 years$1,230$937$705$525$387$80
26 years$1,170$881$654$480$348$67
27 years$1,114$829$607$439$314$56
28 years$1,063$781$565$402$283$46
29 years$1,015$737$525$369$256$39
30 years$971$696$489$339$231$32
31 years$929$658$456$311$209$27
32 years$891$623$426$286$189$22
33 years$854$590$398$263$171$19
34 years$820$559$371$242$155$16
35 years$788$530$347$223$140$13
36 years$758$503$325$205$127$11
37 years$729$478$304$189$115$9
38 years$702$454$285$174$104$8
39 years$676$432$267$161$95$6
40 years$652$411$250$148$86$5
41 years$629$391$234$137$78$4
42 years$607$372$220$126$71$4
43 years$587$355$206$116$64$3
44 years$567$338$194$107$58$3
45 years$548$323$182$99$53$2
46 years$530$308$171$92$48$2
47 years$513$294$161$85$44$1
48 years$496$280$151$78$40$1
49 years$481$268$142$72$36$1
50 years$466$256$133$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $477,000, adding $5,340 every year, while hoping to spend $28,084 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: 66/6/28 Blend
49$477,000$477,000$477,000$477,000
50$531,162$505,881$498,488$561,979
51$555,460$500,788$485,306$578,334
52$581,294$494,504$470,741$592,589
53$608,793$486,942$454,718$607,553
54$638,095$478,007$437,156$623,301
55$669,353$467,602$417,973$639,911
56$702,733$455,621$397,082$657,475
57$738,419$441,954$374,391$676,091
58$776,612$426,483$349,807$695,872
59$817,530$409,085$323,230$716,940
60$861,416$389,628$294,556$739,433
61$908,534$367,973$263,677$763,503
62$959,175$343,974$230,480$789,320
63$1,013,657$317,475$194,847$817,072
64$1,072,330$288,311$156,655$846,968
65$1,135,580$256,310$115,775$879,239
66$1,203,828$221,288$72,072$914,141
67$1,277,538$183,051$25,406$951,961
68$1,357,221$141,395$0$993,013
69$1,443,437$96,102$0$1,044,936
70$1,536,801$46,946$0$1,109,403
71$1,637,992$0$0$1,179,293
72$1,747,755$0$0$1,255,549
73$1,866,908$0$0$1,341,719
74$1,996,352$0$0$1,435,359
75$2,137,079$0$0$1,537,188
76$2,290,178$0$0$1,648,000
77$2,456,850$0$0$1,768,667
78$2,638,414$0$0$1,900,147
79$2,836,323$0$0$2,043,497
80$3,052,176$0$0$2,199,880
81$3,287,732$0$0$2,370,573
82$3,544,928$0$0$2,556,986
83$3,825,896$0$0$2,760,669
84$4,132,984$0$0$2,983,327
85$4,468,775$0$0$3,226,841
86$4,836,115$0$0$3,493,278
87$5,238,137$0$0$3,784,916
88$5,678,290$0$0$4,104,265
89$6,160,374$0$0$4,454,085
90$6,688,571$0$0$4,837,420
91$7,267,489$0$0$5,257,618
92$7,902,203$0$0$5,718,371
93$8,598,300$0$0$6,223,741
94$9,361,937$0$0$6,778,205
95$10,199,893$0$0$7,386,693
96$11,119,636$0$0$8,054,636
97$12,129,393$0$0$8,788,016
98$13,238,224$0$0$9,593,422
99$14,456,113$0$0$10,478,115
100$15,794,056$0$0$11,450,090