Can I retire at age 50 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$40,546$40,185$39,833$39,489$39,153$37,885
2 years$20,072$19,699$19,336$18,985$18,644$17,378
3 years$13,249$12,873$12,512$12,164$11,829$10,605
4 years$9,838$9,463$9,105$8,763$8,436$7,264
5 years$7,791$7,419$7,066$6,731$6,413$5,295
6 years$6,428$6,058$5,711$5,383$5,075$4,012
7 years$5,454$5,088$4,745$4,426$4,127$3,120
8 years$4,724$4,361$4,025$3,713$3,424$2,472
9 years$4,157$3,797$3,466$3,162$2,883$1,985
10 years$3,703$3,347$3,022$2,726$2,457$1,611
11 years$3,332$2,980$2,661$2,372$2,113$1,317
12 years$3,023$2,674$2,361$2,081$1,831$1,085
13 years$2,762$2,417$2,110$1,837$1,597$897
14 years$2,538$2,197$1,895$1,631$1,400$745
15 years$2,345$2,007$1,711$1,454$1,232$621
16 years$2,175$1,841$1,552$1,302$1,089$519
17 years$2,026$1,696$1,412$1,170$966$435
18 years$1,894$1,567$1,289$1,054$859$365
19 years$1,775$1,452$1,180$953$765$307
20 years$1,669$1,349$1,083$863$684$258
21 years$1,573$1,257$996$783$612$218
22 years$1,485$1,173$918$712$548$184
23 years$1,406$1,097$848$648$492$155
24 years$1,333$1,028$784$591$442$131
25 years$1,266$965$726$540$398$111
26 years$1,204$907$673$494$359$93
27 years$1,147$853$625$452$323$79
28 years$1,094$804$581$414$292$67
29 years$1,045$759$541$380$263$57
30 years$999$717$504$349$238$48
31 years$957$677$470$320$215$41
32 years$917$641$438$294$195$34
33 years$879$607$409$271$176$29
34 years$844$575$382$249$159$25
35 years$811$546$357$229$144$21
36 years$780$518$334$211$131$18
37 years$750$492$313$194$119$15
38 years$723$467$293$179$108$13
39 years$696$444$275$165$98$11
40 years$671$423$257$152$88$9
41 years$648$403$241$141$80$8
42 years$625$383$226$130$73$7
43 years$604$365$212$120$66$6
44 years$583$348$199$111$60$5
45 years$564$332$187$102$54$4
46 years$545$317$176$94$49$3
47 years$528$302$165$87$45$3
48 years$511$289$155$81$41$2
49 years$495$276$146$74$37$2
50 years$479$263$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $491,000, adding $4,577 every year, while hoping to spend $24,128 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: 41/47/12 Blend
49$491,000$491,000$491,000$491,000
50$545,803$519,780$512,170$566,066
51$575,803$519,577$503,655$580,558
52$608,054$518,556$494,047$593,490
53$642,761$516,650$483,283$606,954
54$680,147$513,791$471,298$621,009
55$720,460$509,904$458,023$635,722
56$763,968$504,911$443,389$651,166
57$810,971$498,729$427,320$667,427
58$861,793$491,270$409,739$684,599
59$916,795$482,441$390,563$702,788
60$976,370$472,143$369,710$722,113
61$1,040,953$460,271$347,088$742,708
62$1,111,021$446,715$322,606$764,722
63$1,187,098$431,357$296,166$788,322
64$1,269,762$414,074$267,668$813,697
65$1,359,647$394,733$237,004$841,053
66$1,457,452$373,196$204,065$870,626
67$1,563,945$349,316$168,735$902,676
68$1,679,973$322,938$130,893$937,492
69$1,806,466$293,897$90,413$975,400
70$1,944,447$262,020$47,163$1,016,760
71$2,095,045$227,123$1,008$1,061,974
72$2,259,500$189,012$0$1,111,490
73$2,439,178$147,484$0$1,171,982
74$2,635,584$102,320$0$1,238,367
75$2,850,373$53,293$0$1,311,150
76$3,085,368$161$0$1,391,036
77$3,342,576$0$0$1,478,806
78$3,624,209$0$0$1,604,978
79$3,932,700$0$0$1,743,336
80$4,270,730$0$0$1,895,008
81$4,641,251$0$0$2,061,327
82$5,047,515$0$0$2,243,761
83$5,493,102$0$0$2,443,927
84$5,981,958$0$0$2,663,606
85$6,518,427$0$0$2,904,760
86$7,107,295$0$0$3,169,550
87$7,753,832$0$0$3,460,356
88$8,463,847$0$0$3,779,800
89$9,243,735$0$0$4,130,773
90$10,100,544$0$0$4,516,456
91$11,042,037$0$0$4,940,356
92$12,076,767$0$0$5,406,334
93$13,214,155$0$0$5,918,648
94$14,464,581$0$0$6,481,985
95$15,839,482$0$0$7,101,510
96$17,351,458$0$0$7,782,916
97$19,014,390$0$0$8,532,472
98$20,843,574$0$0$9,357,088
99$22,855,860$0$0$10,264,375
100$25,069,816$0$0$11,262,720