Can I retire at age 50 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$40,464$40,103$39,752$39,408$39,073$38,067
2 years$20,032$19,658$19,297$18,946$18,606$17,599
3 years$13,222$12,847$12,486$12,139$11,805$10,828
4 years$9,817$9,444$9,087$8,746$8,419$7,481
5 years$7,775$7,404$7,052$6,717$6,400$5,503
6 years$6,415$6,046$5,699$5,372$5,064$4,208
7 years$5,443$5,077$4,736$4,417$4,119$3,304
8 years$4,714$4,352$4,016$3,705$3,417$2,644
9 years$4,148$3,789$3,459$3,156$2,877$2,145
10 years$3,695$3,340$3,016$2,720$2,452$1,759
11 years$3,325$2,974$2,655$2,368$2,109$1,455
12 years$3,017$2,669$2,356$2,077$1,827$1,211
13 years$2,756$2,412$2,105$1,833$1,593$1,014
14 years$2,533$2,192$1,892$1,627$1,397$852
15 years$2,340$2,003$1,708$1,451$1,230$719
16 years$2,171$1,838$1,548$1,300$1,087$608
17 years$2,022$1,692$1,409$1,168$964$516
18 years$1,890$1,564$1,286$1,052$857$438
19 years$1,772$1,449$1,177$951$764$373
20 years$1,665$1,347$1,081$861$682$318
21 years$1,569$1,254$994$782$610$272
22 years$1,482$1,171$916$711$547$232
23 years$1,403$1,095$846$647$491$199
24 years$1,330$1,026$782$590$442$170
25 years$1,263$963$725$539$397$146
26 years$1,202$905$672$493$358$125
27 years$1,145$852$624$451$323$107
28 years$1,092$803$580$413$291$92
29 years$1,043$757$540$379$263$79
30 years$997$715$503$348$238$68
31 years$955$676$469$319$215$58
32 years$915$640$437$294$194$50
33 years$878$606$408$270$176$43
34 years$842$574$382$248$159$37
35 years$809$544$357$229$144$32
36 years$778$517$334$211$131$27
37 years$749$491$312$194$118$23
38 years$721$466$292$179$107$20
39 years$695$444$274$165$97$17
40 years$670$422$257$152$88$15
41 years$646$402$241$140$80$13
42 years$624$383$226$130$73$11
43 years$603$365$212$120$66$9
44 years$582$347$199$110$60$8
45 years$563$331$187$102$54$7
46 years$544$316$175$94$49$6
47 years$527$302$165$87$45$5
48 years$510$288$155$80$41$4
49 years$494$275$146$74$37$4
50 years$478$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $490,000, adding $5,630 every year, while hoping to spend $38,902 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: 69/20/11 Blend
49$490,000$490,000$490,000$490,000
50$545,787$519,817$512,222$581,808
51$560,066$503,897$487,990$590,529
52$574,498$485,893$461,643$594,839
53$589,056$465,661$433,068$598,529
54$603,713$443,051$402,148$601,531
55$618,433$417,902$368,762$603,772
56$633,179$390,045$332,781$605,174
57$647,906$359,300$294,072$605,649
58$662,565$325,479$252,496$605,104
59$677,099$288,380$207,907$603,439
60$691,445$247,792$160,153$600,544
61$705,530$203,492$109,077$596,297
62$719,274$155,243$54,511$590,571
63$732,586$102,796$0$583,224
64$745,365$45,887$0$574,540
65$757,495$0$0$570,772
66$768,850$0$0$568,825
67$779,287$0$0$576,263
68$788,647$0$0$582,867
69$796,752$0$0$588,501
70$803,406$0$0$593,015
71$808,388$0$0$596,240
72$811,454$0$0$597,990
73$812,332$0$0$598,058
74$810,719$0$0$596,214
75$806,282$0$0$592,202
76$798,647$0$0$585,739
77$787,403$0$0$576,511
78$772,091$0$0$564,168
79$752,205$0$0$548,326
80$727,184$0$0$528,556
81$696,405$0$0$504,384
82$659,182$0$0$475,288
83$614,751$0$0$440,687
84$562,271$0$0$399,939
85$500,809$0$0$352,335
86$429,336$0$0$297,092
87$346,712$0$0$233,341
88$251,679$0$0$160,125
89$142,844$0$0$76,385
90$18,671$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