Can I retire at age 50 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$39,638$39,285$38,940$38,604$38,276$37,051
2 years$19,623$19,257$18,903$18,560$18,227$17,004
3 years$12,952$12,585$12,232$11,891$11,564$10,381
4 years$9,617$9,251$8,901$8,567$8,247$7,114
5 years$7,617$7,253$6,908$6,580$6,269$5,189
6 years$6,284$5,923$5,583$5,262$4,961$3,934
7 years$5,332$4,974$4,639$4,326$4,034$3,061
8 years$4,618$4,264$3,934$3,629$3,347$2,426
9 years$4,064$3,712$3,389$3,091$2,819$1,950
10 years$3,620$3,272$2,954$2,665$2,402$1,583
11 years$3,257$2,913$2,601$2,319$2,065$1,296
12 years$2,955$2,614$2,308$2,034$1,790$1,067
13 years$2,700$2,363$2,062$1,796$1,561$884
14 years$2,481$2,148$1,853$1,594$1,368$735
15 years$2,292$1,962$1,673$1,422$1,205$613
16 years$2,127$1,800$1,517$1,273$1,065$513
17 years$1,981$1,658$1,380$1,144$944$430
18 years$1,851$1,532$1,260$1,031$839$361
19 years$1,735$1,420$1,153$931$748$304
20 years$1,631$1,319$1,059$844$668$256
21 years$1,537$1,229$974$766$598$216
22 years$1,452$1,147$897$696$536$182
23 years$1,374$1,073$829$634$481$154
24 years$1,303$1,005$766$578$433$130
25 years$1,238$943$710$528$389$110
26 years$1,177$887$658$483$351$93
27 years$1,121$834$611$442$316$79
28 years$1,070$786$568$405$285$67
29 years$1,022$742$529$371$258$56
30 years$977$700$493$341$233$48
31 years$935$662$459$313$210$40
32 years$896$627$428$288$190$34
33 years$860$593$400$265$172$29
34 years$825$562$374$243$156$25
35 years$793$533$349$224$141$21
36 years$762$506$327$206$128$18
37 years$734$481$306$190$116$15
38 years$706$457$287$175$105$13
39 years$681$435$268$162$95$11
40 years$656$413$252$149$86$9
41 years$633$394$236$137$78$8
42 years$611$375$221$127$71$7
43 years$590$357$208$117$65$6
44 years$570$340$195$108$59$5
45 years$551$325$183$100$53$4
46 years$533$310$172$92$48$3
47 years$516$295$162$85$44$3
48 years$500$282$152$79$40$2
49 years$484$269$143$73$36$2
50 years$469$257$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $480,000, adding $3,544 every year, while hoping to spend $37,976 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: 60/18/22 Blend
49$480,000$480,000$480,000$480,000
50$532,616$507,176$499,736$561,272
51$546,536$491,621$476,071$565,569
52$560,604$474,032$450,340$565,797
53$574,794$454,267$422,435$565,204
54$589,077$432,180$392,240$563,717
55$603,419$407,614$359,637$561,257
56$617,784$380,403$324,501$557,740
57$632,128$350,373$286,702$553,074
58$646,402$317,338$246,103$547,162
59$660,550$281,103$202,563$539,898
60$674,510$241,461$155,932$531,167
61$688,212$198,194$106,058$520,847
62$701,575$151,071$52,776$508,805
63$714,512$99,849$0$494,898
64$726,921$44,271$0$479,930
65$738,691$0$0$476,058
66$749,696$0$0$473,901
67$759,798$0$0$479,893
68$768,839$0$0$485,163
69$776,646$0$0$489,594
70$783,026$0$0$493,059
71$787,761$0$0$495,412
72$790,613$0$0$496,496
73$791,314$0$0$496,133
74$789,568$0$0$494,125
75$785,048$0$0$490,256
76$777,386$0$0$484,283
77$766,180$0$0$475,937
78$750,980$0$0$464,921
79$731,288$0$0$450,904
80$706,556$0$0$433,523
81$676,171$0$0$412,373
82$639,460$0$0$387,007
83$595,676$0$0$356,929
84$543,992$0$0$321,592
85$483,494$0$0$280,391
86$413,172$0$0$232,656
87$331,909$0$0$177,648
88$238,469$0$0$114,549
89$131,489$0$0$42,455
90$9,461$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