Can I retire at age 50 with 493,000?

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 $493,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$40,711$40,349$39,995$39,650$39,313$38,550
2 years$20,154$19,779$19,415$19,062$18,720$17,955
3 years$13,303$12,926$12,563$12,213$11,877$11,133
4 years$9,878$9,502$9,143$8,799$8,471$7,754
5 years$7,823$7,449$7,095$6,759$6,439$5,752
6 years$6,454$6,083$5,734$5,405$5,095$4,437
7 years$5,476$5,109$4,765$4,444$4,144$3,516
8 years$4,743$4,379$4,041$3,728$3,438$2,839
9 years$4,174$3,813$3,480$3,175$2,895$2,326
10 years$3,718$3,361$3,034$2,737$2,467$1,927
11 years$3,346$2,992$2,671$2,382$2,121$1,610
12 years$3,035$2,685$2,371$2,089$1,838$1,354
13 years$2,773$2,427$2,118$1,845$1,603$1,145
14 years$2,549$2,206$1,903$1,637$1,405$973
15 years$2,354$2,015$1,718$1,460$1,237$830
16 years$2,184$1,849$1,558$1,308$1,094$711
17 years$2,034$1,703$1,418$1,175$970$610
18 years$1,901$1,573$1,294$1,059$862$524
19 years$1,782$1,458$1,185$957$768$452
20 years$1,676$1,355$1,087$866$686$390
21 years$1,579$1,262$1,000$786$614$337
22 years$1,491$1,178$922$715$551$292
23 years$1,411$1,102$851$651$494$253
24 years$1,338$1,032$787$594$444$219
25 years$1,271$969$729$542$400$190
26 years$1,209$911$676$496$360$165
27 years$1,152$857$628$454$325$143
28 years$1,099$808$584$416$293$124
29 years$1,049$762$543$381$264$108
30 years$1,004$719$506$350$239$94
31 years$961$680$472$321$216$82
32 years$921$644$440$295$195$71
33 years$883$609$411$272$177$62
34 years$848$578$384$250$160$54
35 years$814$548$359$230$145$47
36 years$783$520$336$212$131$41
37 years$753$494$314$195$119$36
38 years$726$469$294$180$108$31
39 years$699$446$276$166$98$27
40 years$674$425$258$153$89$24
41 years$650$404$242$141$81$21
42 years$628$385$227$130$73$18
43 years$606$367$213$120$66$16
44 years$586$350$200$111$60$14
45 years$566$333$188$103$55$12
46 years$548$318$177$95$50$10
47 years$530$303$166$88$45$9
48 years$513$290$156$81$41$8
49 years$497$277$147$75$37$7
50 years$481$264$138$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $493,000, adding $6,279 every year, while hoping to spend $27,851 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: 87/7/6 Blend
49$493,000$493,000$493,000$493,000
50$549,763$523,634$515,992$596,917
51$576,205$519,659$503,645$624,612
52$604,412$514,555$489,950$650,518
53$634,532$508,239$474,834$678,085
54$666,732$500,620$458,218$707,460
55$701,191$491,603$440,021$738,803
56$738,109$481,088$420,158$772,293
57$777,702$468,967$398,539$808,125
58$820,209$455,128$375,072$846,513
59$865,892$439,451$349,659$887,693
60$915,039$421,810$322,198$931,927
61$967,964$402,070$292,583$979,499
62$1,025,015$380,090$260,704$1,030,725
63$1,086,573$355,721$226,443$1,085,952
64$1,153,055$328,802$189,680$1,145,562
65$1,224,921$299,168$150,289$1,209,976
66$1,302,676$266,641$108,137$1,279,657
67$1,386,876$231,033$63,087$1,355,115
68$1,478,132$192,148$14,994$1,436,911
69$1,577,113$149,776$0$1,525,667
70$1,684,560$103,696$0$1,624,388
71$1,801,284$53,675$0$1,732,677
72$1,928,177$0$0$1,850,410
73$2,066,224$0$0$1,978,552
74$2,216,504$0$0$2,122,556
75$2,380,208$0$0$2,279,427
76$2,558,645$0$0$2,450,421
77$2,753,256$0$0$2,636,918
78$2,965,626$0$0$2,840,440
79$3,197,502$0$0$3,062,659
80$3,450,804$0$0$3,305,418
81$3,727,649$0$0$3,570,746
82$4,030,364$0$0$3,860,874
83$4,361,516$0$0$4,178,261
84$4,723,927$0$0$4,525,615
85$5,120,706$0$0$4,905,916
86$5,555,277$0$0$5,322,446
87$6,031,410$0$0$5,778,820
88$6,553,258$0$0$6,279,019
89$7,125,394$0$0$6,827,427
90$7,752,855$0$0$7,428,874
91$8,441,187$0$0$8,088,676
92$9,196,502$0$0$8,812,694
93$10,025,530$0$0$9,607,379
94$10,935,685$0$0$10,479,839
95$11,935,134$0$0$11,437,904
96$13,032,872$0$0$12,490,200
97$14,238,811$0$0$13,646,226
98$15,563,869$0$0$14,916,451
99$17,020,072$0$0$16,312,406
100$18,620,672$0$0$17,846,794