Can I retire at age 50 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$40,216$39,858$39,508$39,167$38,834$38,654
2 years$19,909$19,538$19,179$18,830$18,492$18,311
3 years$13,141$12,768$12,410$12,065$11,732$11,555
4 years$9,757$9,386$9,031$8,692$8,368$8,195
5 years$7,728$7,359$7,009$6,676$6,361$6,194
6 years$6,375$6,009$5,664$5,339$5,033$4,873
7 years$5,410$5,046$4,707$4,390$4,093$3,939
8 years$4,686$4,326$3,992$3,682$3,396$3,248
9 years$4,123$3,766$3,438$3,136$2,860$2,718
10 years$3,673$3,320$2,997$2,704$2,437$2,300
11 years$3,305$2,955$2,639$2,353$2,096$1,965
12 years$2,998$2,653$2,342$2,064$1,816$1,692
13 years$2,739$2,397$2,092$1,822$1,584$1,465
14 years$2,518$2,179$1,880$1,617$1,388$1,275
15 years$2,326$1,991$1,697$1,443$1,222$1,115
16 years$2,158$1,826$1,539$1,292$1,080$978
17 years$2,010$1,682$1,400$1,161$958$861
18 years$1,878$1,554$1,278$1,046$852$759
19 years$1,761$1,440$1,170$945$759$672
20 years$1,655$1,338$1,074$856$678$595
21 years$1,560$1,247$988$777$607$528
22 years$1,473$1,164$910$706$544$470
23 years$1,394$1,088$841$643$488$418
24 years$1,322$1,020$777$587$439$373
25 years$1,256$957$720$536$395$333
26 years$1,194$899$668$490$356$297
27 years$1,138$847$620$448$321$266
28 years$1,085$798$577$411$289$238
29 years$1,037$753$537$377$261$213
30 years$991$711$500$346$236$191
31 years$949$672$466$318$213$171
32 years$909$636$435$292$193$153
33 years$872$602$406$268$175$137
34 years$837$571$379$247$158$123
35 years$804$541$355$227$143$111
36 years$773$514$332$209$130$99
37 years$744$488$310$193$118$89
38 years$717$464$291$178$107$80
39 years$691$441$272$164$97$72
40 years$666$419$255$151$88$65
41 years$642$399$239$139$80$58
42 years$620$380$225$129$72$52
43 years$599$362$211$119$66$47
44 years$579$345$198$110$60$42
45 years$559$329$186$101$54$38
46 years$541$314$174$94$49$34
47 years$524$300$164$86$45$31
48 years$507$286$154$80$40$28
49 years$491$273$145$74$37$25
50 years$475$261$136$68$33$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $487,000, adding $2,128 every year, while hoping to spend $26,636 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: 48/44/8 Blend
49$487,000$487,000$487,000$487,000
50$538,869$513,058$505,510$563,482
51$565,493$509,857$494,104$577,380
52$593,940$505,607$481,423$589,483
53$624,368$500,228$467,396$602,003
54$656,950$493,635$451,950$614,986
55$691,875$485,740$435,007$628,487
56$729,352$476,446$416,485$642,564
57$769,609$465,655$396,301$657,285
58$812,897$453,260$374,365$672,727
59$859,491$439,149$350,585$688,975
60$909,694$423,202$324,864$706,127
61$963,837$405,293$297,101$724,291
62$1,022,285$385,290$267,191$743,592
63$1,085,440$363,050$235,024$764,165
64$1,153,741$338,426$200,483$786,167
65$1,227,673$311,259$163,449$809,771
66$1,307,767$281,383$123,797$835,170
67$1,394,610$248,621$81,395$862,583
68$1,488,844$212,787$36,105$892,253
69$1,591,178$173,686$0$924,452
70$1,702,390$131,108$0$960,526
71$1,823,336$84,834$0$1,003,128
72$1,954,958$34,633$0$1,049,565
73$2,098,294$0$0$1,100,271
74$2,254,484$0$0$1,165,289
75$2,424,783$0$0$1,254,512
76$2,610,574$0$0$1,351,903
77$2,813,377$0$0$1,458,264
78$3,034,866$0$0$1,574,481
79$3,276,885$0$0$1,701,528
80$3,541,462$0$0$1,840,477
81$3,830,831$0$0$1,992,508
82$4,147,453$0$0$2,158,922
83$4,494,035$0$0$2,341,150
84$4,873,560$0$0$2,540,769
85$5,289,313$0$0$2,759,515
86$5,744,909$0$0$2,999,301
87$6,244,334$0$0$3,262,231
88$6,791,973$0$0$3,550,626
89$7,392,658$0$0$3,867,040
90$8,051,713$0$0$4,214,287
91$8,774,999$0$0$4,595,467
92$9,568,973$0$0$5,013,994
93$10,440,749$0$0$5,473,628
94$11,398,162$0$0$5,978,514
95$12,449,843$0$0$6,533,216
96$13,605,302$0$0$7,142,761
97$14,875,013$0$0$7,812,690
98$16,270,516$0$0$8,549,104
99$17,804,526$0$0$9,358,727
100$19,491,049$0$0$10,248,967