Can I retire at age 50 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$39,473$39,121$38,778$38,443$38,116$37,347
2 years$19,541$19,177$18,824$18,482$18,151$17,379
3 years$12,898$12,532$12,181$11,842$11,516$10,765
4 years$9,577$9,213$8,864$8,531$8,213$7,490
5 years$7,585$7,223$6,879$6,553$6,243$5,550
6 years$6,257$5,898$5,559$5,240$4,940$4,277
7 years$5,310$4,953$4,620$4,308$4,018$3,385
8 years$4,599$4,246$3,918$3,614$3,333$2,731
9 years$4,047$3,697$3,375$3,079$2,807$2,234
10 years$3,605$3,258$2,942$2,654$2,392$1,848
11 years$3,244$2,901$2,590$2,310$2,057$1,542
12 years$2,943$2,604$2,299$2,026$1,782$1,296
13 years$2,689$2,353$2,054$1,788$1,554$1,095
14 years$2,471$2,139$1,845$1,588$1,363$929
15 years$2,283$1,954$1,666$1,416$1,200$791
16 years$2,118$1,793$1,510$1,268$1,060$676
17 years$1,972$1,651$1,374$1,139$940$579
18 years$1,843$1,525$1,255$1,027$836$498
19 years$1,728$1,414$1,149$928$745$428
20 years$1,625$1,314$1,054$840$665$369
21 years$1,531$1,224$970$762$596$318
22 years$1,446$1,142$894$693$534$275
23 years$1,368$1,068$825$631$479$238
24 years$1,298$1,001$763$576$431$206
25 years$1,232$939$707$526$388$178
26 years$1,172$883$656$481$349$155
27 years$1,117$831$609$440$315$134
28 years$1,065$783$566$403$284$116
29 years$1,018$739$527$370$256$101
30 years$973$698$491$339$232$88
31 years$931$659$457$312$209$76
32 years$893$624$427$286$190$66
33 years$856$591$398$263$172$57
34 years$822$560$372$242$155$50
35 years$790$531$348$223$141$43
36 years$759$504$326$205$127$38
37 years$731$479$305$189$115$33
38 years$703$455$285$174$105$29
39 years$678$433$267$161$95$25
40 years$654$412$251$148$86$22
41 years$630$392$235$137$78$19
42 years$609$373$220$126$71$16
43 years$588$356$207$117$64$14
44 years$568$339$194$108$58$12
45 years$549$323$182$99$53$11
46 years$531$308$171$92$48$9
47 years$514$294$161$85$44$8
48 years$497$281$151$78$40$7
49 years$482$268$142$72$36$6
50 years$467$256$134$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $478,000, adding $5,414 every year, while hoping to spend $41,159 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: 30/49/21 Blend
49$478,000$478,000$478,000$478,000
50$532,341$507,007$499,598$544,684
51$542,846$488,057$472,541$535,589
52$553,044$466,799$443,199$521,750
53$562,860$443,077$411,451$505,999
54$572,208$416,725$377,172$488,195
55$580,997$387,568$340,230$468,189
56$589,120$355,420$300,489$445,821
57$596,460$320,086$257,806$420,922
58$602,888$281,359$212,031$393,308
59$608,258$239,020$163,009$362,787
60$612,407$192,839$110,577$329,151
61$615,156$142,572$54,564$292,177
62$616,304$87,960$0$251,630
63$615,629$28,732$0$208,422
64$612,883$0$0$174,239
65$607,793$0$0$155,682
66$600,055$0$0$151,698
67$589,330$0$0$146,682
68$575,246$0$0$140,509
69$557,388$0$0$133,041
70$535,297$0$0$124,124
71$508,467$0$0$113,590
72$476,335$0$0$101,250
73$438,280$0$0$86,897
74$393,613$0$0$70,304
75$341,576$0$0$51,216
76$281,327$0$0$29,353
77$211,937$0$0$4,408
78$132,380$0$0$0
79$41,520$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0