Can I retire at age 50 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$40,299$39,940$39,589$39,248$38,914$38,081
2 years$19,950$19,578$19,218$18,869$18,530$17,696
3 years$13,168$12,795$12,435$12,090$11,756$10,946
4 years$9,777$9,405$9,050$8,710$8,385$7,604
5 years$7,744$7,374$7,023$6,690$6,374$5,626
6 years$6,388$6,021$5,676$5,350$5,044$4,328
7 years$5,421$5,057$4,716$4,399$4,102$3,420
8 years$4,695$4,335$4,000$3,690$3,403$2,754
9 years$4,131$3,774$3,445$3,143$2,866$2,249
10 years$3,680$3,327$3,004$2,709$2,442$1,857
11 years$3,312$2,961$2,644$2,358$2,100$1,547
12 years$3,005$2,658$2,347$2,068$1,820$1,297
13 years$2,745$2,402$2,097$1,826$1,587$1,094
14 years$2,523$2,183$1,884$1,621$1,391$926
15 years$2,330$1,995$1,701$1,445$1,225$787
16 years$2,162$1,830$1,542$1,294$1,082$671
17 years$2,014$1,685$1,403$1,163$960$574
18 years$1,882$1,557$1,281$1,048$853$492
19 years$1,764$1,443$1,173$947$761$422
20 years$1,659$1,341$1,076$858$679$363
21 years$1,563$1,249$990$778$608$313
22 years$1,476$1,166$912$708$545$269
23 years$1,397$1,091$842$645$489$232
24 years$1,325$1,022$779$588$440$201
25 years$1,258$959$722$537$396$173
26 years$1,197$901$669$491$356$150
27 years$1,140$848$621$449$321$130
28 years$1,088$799$578$412$290$112
29 years$1,039$754$538$378$262$97
30 years$993$712$501$346$237$84
31 years$951$673$467$318$214$73
32 years$911$637$436$292$193$63
33 years$874$603$407$269$175$55
34 years$839$572$380$247$159$48
35 years$806$542$355$228$144$41
36 years$775$515$332$210$130$36
37 years$746$489$311$193$118$31
38 years$718$465$291$178$107$27
39 years$692$442$273$164$97$23
40 years$667$420$256$152$88$20
41 years$644$400$240$140$80$18
42 years$621$381$225$129$72$15
43 years$600$363$211$119$66$13
44 years$580$346$198$110$60$11
45 years$561$330$186$102$54$10
46 years$542$315$175$94$49$9
47 years$525$300$164$87$45$7
48 years$508$287$154$80$41$7
49 years$492$274$145$74$37$6
50 years$476$262$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $488,000, adding $5,507 every year, while hoping to spend $30,913 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: 75/20/5 Blend
49$488,000$488,000$488,000$488,000
50$543,456$517,592$510,028$583,614
51$565,998$510,063$494,223$603,241
52$589,802$501,129$476,852$620,235
53$614,966$490,689$457,831$637,953
54$641,594$478,634$437,070$656,457
55$669,802$464,852$414,476$675,811
56$699,713$449,221$389,953$696,089
57$731,466$431,614$363,398$717,373
58$765,209$411,897$334,706$739,752
59$801,107$389,927$303,765$763,327
60$839,338$365,552$270,460$788,207
61$880,100$338,613$234,669$814,516
62$923,606$308,941$196,267$842,388
63$970,093$276,358$155,121$871,976
64$1,019,818$240,676$111,093$903,444
65$1,073,064$201,694$64,040$936,979
66$1,130,143$159,202$13,811$972,785
67$1,191,393$112,979$0$1,011,088
68$1,257,190$62,789$0$1,054,263
69$1,327,942$8,385$0$1,101,390
70$1,404,100$0$0$1,152,047
71$1,486,159$0$0$1,217,699
72$1,574,661$0$0$1,290,512
73$1,670,203$0$0$1,369,132
74$1,773,440$0$0$1,454,103
75$1,885,094$0$0$1,546,017
76$2,005,955$0$0$1,645,531
77$2,136,894$0$0$1,753,362
78$2,278,869$0$0$1,870,301
79$2,432,931$0$0$1,997,218
80$2,600,239$0$0$2,135,069
81$2,782,065$0$0$2,284,907
82$2,979,810$0$0$2,447,888
83$3,195,016$0$0$2,625,285
84$3,429,377$0$0$2,818,500
85$3,684,760$0$0$3,029,074
86$3,963,218$0$0$3,258,703
87$4,267,012$0$0$3,509,256
88$4,598,627$0$0$3,782,787
89$4,960,804$0$0$4,081,560
90$5,356,556$0$0$4,408,065
91$5,789,201$0$0$4,765,044
92$6,262,394$0$0$5,155,516
93$6,780,158$0$0$5,582,807
94$7,346,922$0$0$6,050,576
95$7,967,564$0$0$6,562,855
96$8,647,457$0$0$7,124,082
97$9,392,515$0$0$7,739,147
98$10,209,254$0$0$8,413,434
99$11,104,850$0$0$9,152,871
100$12,087,206$0$0$9,963,992