Can I retire at age 50 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$40,629$40,267$39,914$39,569$39,233$39,035
2 years$20,113$19,739$19,376$19,024$18,682$18,482
3 years$13,276$12,899$12,537$12,189$11,853$11,657
4 years$9,858$9,482$9,124$8,781$8,454$8,264
5 years$7,807$7,434$7,081$6,745$6,426$6,243
6 years$6,441$6,071$5,722$5,394$5,085$4,908
7 years$5,465$5,098$4,755$4,435$4,135$3,965
8 years$4,734$4,370$4,033$3,720$3,431$3,268
9 years$4,165$3,805$3,473$3,169$2,889$2,733
10 years$3,710$3,354$3,028$2,731$2,462$2,312
11 years$3,339$2,986$2,666$2,377$2,117$1,974
12 years$3,029$2,680$2,366$2,085$1,835$1,698
13 years$2,768$2,422$2,114$1,841$1,600$1,469
14 years$2,543$2,201$1,899$1,634$1,402$1,278
15 years$2,349$2,011$1,715$1,457$1,235$1,117
16 years$2,180$1,845$1,555$1,305$1,091$979
17 years$2,030$1,699$1,415$1,172$968$861
18 years$1,897$1,570$1,291$1,057$860$759
19 years$1,779$1,455$1,182$955$767$671
20 years$1,672$1,352$1,085$865$685$594
21 years$1,576$1,260$998$785$613$527
22 years$1,488$1,176$920$714$549$468
23 years$1,409$1,100$849$650$493$417
24 years$1,336$1,030$785$593$443$371
25 years$1,268$967$727$541$399$331
26 years$1,207$909$675$495$359$295
27 years$1,150$855$627$453$324$264
28 years$1,097$806$582$415$292$236
29 years$1,047$760$542$381$264$211
30 years$1,001$718$505$349$239$189
31 years$959$679$471$321$216$169
32 years$919$642$439$295$195$151
33 years$881$608$410$271$177$136
34 years$846$576$383$249$160$122
35 years$813$547$358$230$145$109
36 years$781$519$335$211$131$98
37 years$752$493$314$195$119$88
38 years$724$468$294$180$108$79
39 years$698$445$275$166$98$71
40 years$673$424$258$153$89$63
41 years$649$403$242$141$80$57
42 years$626$384$227$130$73$51
43 years$605$366$213$120$66$46
44 years$585$349$200$111$60$41
45 years$565$333$188$102$55$37
46 years$547$317$176$95$50$33
47 years$529$303$166$87$45$30
48 years$512$289$156$81$41$27
49 years$496$276$146$75$37$24
50 years$480$264$137$69$34$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $492,000, adding $2,461 every year, while hoping to spend $32,677 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: 48/35/17 Blend
49$492,000$492,000$492,000$492,000
50$544,723$518,647$511,021$568,159
51$565,516$509,292$493,372$575,301
52$587,336$498,384$474,036$579,520
53$610,251$485,812$452,924$583,397
54$634,338$471,459$429,938$586,913
55$659,680$455,200$404,981$590,051
56$686,368$436,905$377,948$592,789
57$714,498$416,434$348,730$595,112
58$744,179$393,641$317,214$597,001
59$775,526$368,371$283,282$598,440
60$808,667$340,458$246,810$599,415
61$843,741$309,730$207,667$599,913
62$880,899$276,003$165,720$599,923
63$920,306$239,083$120,828$599,436
64$962,145$198,765$72,842$598,447
65$1,006,611$154,832$21,610$596,954
66$1,053,922$107,056$0$594,961
67$1,104,316$55,195$0$598,471
68$1,158,050$0$0$606,073
69$1,215,410$0$0$614,282
70$1,276,706$0$0$645,804
71$1,342,281$0$0$679,560
72$1,412,508$0$0$715,748
73$1,487,797$0$0$754,584
74$1,568,599$0$0$796,304
75$1,655,408$0$0$841,170
76$1,748,765$0$0$889,466
77$1,849,267$0$0$941,508
78$1,957,568$0$0$997,639
79$2,074,385$0$0$1,058,238
80$2,200,507$0$0$1,123,723
81$2,336,801$0$0$1,194,549
82$2,484,221$0$0$1,271,220
83$2,643,813$0$0$1,354,289
84$2,816,729$0$0$1,444,362
85$3,004,234$0$0$1,542,110
86$3,207,721$0$0$1,648,265
87$3,428,722$0$0$1,763,638
88$3,668,919$0$0$1,889,117
89$3,930,166$0$0$2,025,681
90$4,214,502$0$0$2,174,407
91$4,524,168$0$0$2,336,479
92$4,861,634$0$0$2,513,201
93$5,229,615$0$0$2,706,009
94$5,631,102$0$0$2,916,481
95$6,069,384$0$0$3,146,357
96$6,548,084$0$0$3,397,551
97$7,071,190$0$0$3,672,171
98$7,643,091$0$0$3,972,535
99$8,268,622$0$0$4,301,199
100$8,953,103$0$0$4,660,977