Can I retire at age 50 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$40,794$40,431$40,076$39,730$39,392$38,981
2 years$20,195$19,819$19,454$19,101$18,758$18,344
3 years$13,330$12,952$12,588$12,238$11,901$11,497
4 years$9,898$9,521$9,161$8,817$8,488$8,097
5 years$7,839$7,465$7,109$6,772$6,452$6,075
6 years$6,467$6,095$5,745$5,416$5,106$4,743
7 years$5,487$5,119$4,774$4,453$4,152$3,805
8 years$4,753$4,388$4,049$3,735$3,445$3,112
9 years$4,182$3,820$3,488$3,182$2,901$2,583
10 years$3,726$3,368$3,040$2,743$2,472$2,168
11 years$3,352$2,998$2,677$2,387$2,126$1,836
12 years$3,042$2,691$2,376$2,094$1,842$1,567
13 years$2,779$2,432$2,122$1,848$1,606$1,345
14 years$2,554$2,210$1,907$1,641$1,408$1,160
15 years$2,359$2,019$1,722$1,463$1,240$1,004
16 years$2,189$1,853$1,561$1,310$1,096$873
17 years$2,038$1,706$1,420$1,177$972$761
18 years$1,905$1,577$1,297$1,061$864$665
19 years$1,786$1,461$1,187$959$770$582
20 years$1,679$1,358$1,089$868$688$510
21 years$1,582$1,265$1,002$788$615$449
22 years$1,494$1,181$924$716$552$395
23 years$1,414$1,104$853$652$495$348
24 years$1,341$1,034$789$595$445$307
25 years$1,274$971$730$543$401$271
26 years$1,212$912$677$497$361$239
27 years$1,154$859$629$455$325$211
28 years$1,101$809$585$417$294$187
29 years$1,052$763$544$382$265$166
30 years$1,006$721$507$351$239$147
31 years$963$681$473$322$217$130
32 years$922$645$441$296$196$115
33 years$885$611$412$272$177$102
34 years$849$579$385$250$160$90
35 years$816$549$360$231$145$80
36 years$785$521$336$212$132$71
37 years$755$495$315$196$119$63
38 years$727$470$295$180$108$56
39 years$700$447$276$166$98$50
40 years$675$425$259$153$89$44
41 years$652$405$243$141$81$39
42 years$629$386$228$131$73$35
43 years$607$368$214$121$66$31
44 years$587$350$201$111$60$28
45 years$567$334$188$103$55$24
46 years$549$319$177$95$50$22
47 years$531$304$166$88$45$19
48 years$514$290$156$81$41$17
49 years$498$277$147$75$37$15
50 years$482$265$138$69$34$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $494,000, adding $4,613 every year, while hoping to spend $30,973 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: 59/34/7 Blend
49$494,000$494,000$494,000$494,000
50$549,146$522,964$515,307$580,468
51$572,204$515,635$499,615$594,696
52$596,576$506,908$482,359$606,263
53$622,363$496,682$463,454$618,100
54$649,675$484,851$442,811$630,232
55$678,635$471,301$420,338$642,692
56$709,372$455,912$395,936$655,517
57$742,033$438,556$369,505$668,746
58$776,775$419,100$340,938$682,427
59$813,771$397,401$310,124$696,615
60$853,210$373,308$276,948$711,369
61$895,299$346,662$241,287$726,760
62$940,266$317,295$203,017$742,866
63$988,359$285,028$162,004$759,776
64$1,039,852$249,675$118,111$777,590
65$1,095,044$211,036$71,195$796,422
66$1,154,262$168,900$21,104$816,400
67$1,217,868$123,048$0$837,668
68$1,286,257$73,243$0$862,803
69$1,359,862$19,239$0$891,411
70$1,439,161$0$0$922,130
71$1,524,677$0$0$969,878
72$1,616,986$0$0$1,029,220
73$1,716,719$0$0$1,093,368
74$1,824,571$0$0$1,162,773
75$1,941,305$0$0$1,237,930
76$2,067,761$0$0$1,319,385
77$2,204,862$0$0$1,407,736
78$2,353,621$0$0$1,503,643
79$2,515,156$0$0$1,607,831
80$2,690,694$0$0$1,721,097
81$2,881,584$0$0$1,844,318
82$3,089,314$0$0$1,978,458
83$3,315,517$0$0$2,124,581
84$3,561,992$0$0$2,283,854
85$3,830,718$0$0$2,457,564
86$4,123,875$0$0$2,647,127
87$4,443,860$0$0$2,854,100
88$4,793,313$0$0$3,080,198
89$5,175,140$0$0$3,327,310
90$5,592,540$0$0$3,597,515
91$6,049,036$0$0$3,893,102
92$6,548,504$0$0$4,216,591
93$7,095,216$0$0$4,570,757
94$7,693,874$0$0$4,958,656
95$8,349,655$0$0$5,383,654
96$9,068,263$0$0$5,849,457
97$9,855,978$0$0$6,360,148
98$10,719,716$0$0$6,920,221
99$11,667,096$0$0$7,534,628
100$12,706,509$0$0$8,208,825