Can I retire at age 50 with 494,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$40,794$40,431$40,076$39,730$39,392$38,965
2 years$20,195$19,819$19,454$19,101$18,758$18,328
3 years$13,330$12,952$12,588$12,238$11,901$11,481
4 years$9,898$9,521$9,161$8,817$8,488$8,081
5 years$7,839$7,465$7,109$6,772$6,452$6,061
6 years$6,467$6,095$5,745$5,416$5,106$4,729
7 years$5,487$5,119$4,774$4,453$4,152$3,791
8 years$4,753$4,388$4,049$3,735$3,445$3,099
9 years$4,182$3,820$3,488$3,182$2,901$2,571
10 years$3,726$3,368$3,040$2,743$2,472$2,157
11 years$3,352$2,998$2,677$2,387$2,126$1,826
12 years$3,042$2,691$2,376$2,094$1,842$1,557
13 years$2,779$2,432$2,122$1,848$1,606$1,335
14 years$2,554$2,210$1,907$1,641$1,408$1,151
15 years$2,359$2,019$1,722$1,463$1,240$996
16 years$2,189$1,853$1,561$1,310$1,096$865
17 years$2,038$1,706$1,420$1,177$972$753
18 years$1,905$1,577$1,297$1,061$864$658
19 years$1,786$1,461$1,187$959$770$575
20 years$1,679$1,358$1,089$868$688$504
21 years$1,582$1,265$1,002$788$615$443
22 years$1,494$1,181$924$716$552$389
23 years$1,414$1,104$853$652$495$343
24 years$1,341$1,034$789$595$445$302
25 years$1,274$971$730$543$401$266
26 years$1,212$912$677$497$361$235
27 years$1,154$859$629$455$325$208
28 years$1,101$809$585$417$294$184
29 years$1,052$763$544$382$265$162
30 years$1,006$721$507$351$239$144
31 years$963$681$473$322$217$127
32 years$922$645$441$296$196$113
33 years$885$611$412$272$177$100
34 years$849$579$385$250$160$88
35 years$816$549$360$231$145$78
36 years$785$521$336$212$132$69
37 years$755$495$315$196$119$62
38 years$727$470$295$180$108$55
39 years$700$447$276$166$98$48
40 years$675$425$259$153$89$43
41 years$652$405$243$141$81$38
42 years$629$386$228$131$73$34
43 years$607$368$214$121$66$30
44 years$587$350$201$111$60$27
45 years$567$334$188$103$55$24
46 years$549$319$177$95$50$21
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$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $494,000, adding $2,044 every year, while hoping to spend $21,785 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: 27/43/30 Blend
49$494,000$494,000$494,000$494,000
50$546,496$520,314$512,657$556,128
51$579,060$522,631$506,652$566,484
52$614,215$524,330$499,716$575,603
53$652,202$525,360$491,794$584,958
54$693,288$525,664$482,830$594,586
55$737,763$525,181$472,764$604,527
56$785,947$523,847$461,535$614,829
57$838,194$521,596$449,076$625,547
58$894,891$518,355$435,321$636,741
59$956,463$514,048$420,198$648,483
60$1,023,380$508,594$403,633$660,852
61$1,096,158$501,908$385,547$673,939
62$1,175,363$493,899$365,860$687,848
63$1,261,620$484,470$344,486$702,693
64$1,355,616$473,519$321,337$718,606
65$1,458,107$460,940$296,320$735,734
66$1,569,924$446,617$269,337$754,244
67$1,691,985$430,429$240,288$774,321
68$1,825,296$412,249$209,067$796,176
69$1,970,968$391,941$175,562$820,044
70$2,130,223$369,362$139,660$846,187
71$2,304,405$344,360$101,238$874,900
72$2,494,996$316,776$60,171$906,513
73$2,703,628$286,440$16,329$941,394
74$2,932,095$253,172$0$979,955
75$3,182,375$216,785$0$1,032,403
76$3,456,648$177,077$0$1,095,713
77$3,757,310$133,838$0$1,165,270
78$4,087,005$86,846$0$1,241,759
79$4,448,642$35,864$0$1,325,940
80$4,845,426$0$0$1,418,653
81$5,280,887$0$0$1,529,990
82$5,758,914$0$0$1,670,922
83$6,283,790$0$0$1,825,752
84$6,860,233$0$0$1,995,883
85$7,493,442$0$0$2,182,861
86$8,189,142$0$0$2,388,387
87$8,953,642$0$0$2,614,338
88$9,793,891$0$0$2,862,779
89$10,717,545$0$0$3,135,987
90$11,733,039$0$0$3,436,471
91$12,849,666$0$0$3,766,993
92$14,077,665$0$0$4,130,598
93$15,428,315$0$0$4,530,641
94$16,914,046$0$0$4,970,819
95$18,548,550$0$0$5,455,203
96$20,346,916$0$0$5,988,281
97$22,325,768$0$0$6,574,998
98$24,503,421$0$0$7,220,801
99$26,900,059$0$0$7,931,693
100$29,537,918$0$0$8,714,288