Can I retire at age 50 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$41,042$40,676$40,320$39,971$39,631$38,149
2 years$20,318$19,939$19,573$19,217$18,872$17,396
3 years$13,411$13,031$12,665$12,313$11,973$10,549
4 years$9,958$9,579$9,217$8,870$8,539$7,179
5 years$7,887$7,510$7,153$6,813$6,492$5,198
6 years$6,506$6,132$5,780$5,449$5,137$3,910
7 years$5,521$5,150$4,803$4,480$4,177$3,018
8 years$4,782$4,415$4,074$3,758$3,466$2,373
9 years$4,207$3,844$3,509$3,201$2,918$1,890
10 years$3,748$3,388$3,059$2,759$2,487$1,521
11 years$3,373$3,016$2,693$2,401$2,139$1,234
12 years$3,060$2,707$2,390$2,106$1,853$1,007
13 years$2,796$2,446$2,135$1,860$1,616$826
14 years$2,569$2,224$1,919$1,651$1,417$680
15 years$2,373$2,031$1,732$1,472$1,247$562
16 years$2,202$1,864$1,571$1,318$1,102$465
17 years$2,051$1,716$1,429$1,184$977$386
18 years$1,917$1,586$1,305$1,067$869$321
19 years$1,797$1,470$1,194$964$775$267
20 years$1,689$1,366$1,096$873$692$222
21 years$1,592$1,272$1,008$793$619$186
22 years$1,503$1,188$929$721$555$155
23 years$1,423$1,111$858$656$498$129
24 years$1,349$1,041$793$599$448$108
25 years$1,281$977$735$547$403$90
26 years$1,219$918$682$500$363$76
27 years$1,161$864$633$458$327$63
28 years$1,108$814$588$419$295$53
29 years$1,058$768$548$384$267$44
30 years$1,012$725$510$353$241$37
31 years$968$686$475$324$218$31
32 years$928$649$444$298$197$26
33 years$890$614$414$274$178$22
34 years$854$582$387$252$161$18
35 years$821$552$362$232$146$15
36 years$789$524$338$214$132$13
37 years$760$498$317$197$120$11
38 years$731$473$297$181$109$9
39 years$705$450$278$167$99$8
40 years$679$428$261$154$90$6
41 years$656$407$244$142$81$5
42 years$633$388$229$131$74$4
43 years$611$370$215$121$67$4
44 years$591$352$202$112$61$3
45 years$571$336$190$103$55$3
46 years$552$321$178$96$50$2
47 years$534$306$167$88$45$2
48 years$517$292$157$82$41$2
49 years$501$279$148$75$37$1
50 years$485$266$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $497,000, adding $2,331 every year, while hoping to spend $38,521 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: 58/23/19 Blend
49$497,000$497,000$497,000$497,000
50$550,098$523,757$516,054$579,118
51$565,222$508,435$492,356$583,767
52$580,598$491,072$466,572$584,441
53$596,210$471,525$438,594$584,312
54$612,041$449,648$408,304$583,310
55$628,070$425,281$375,583$581,359
56$644,272$398,259$340,304$578,380
57$660,619$368,405$302,335$574,286
58$677,078$335,533$261,540$568,983
59$693,612$299,446$217,774$562,374
60$710,178$259,936$170,887$554,350
61$726,727$216,784$120,722$544,796
62$743,204$169,757$67,116$533,590
63$759,545$118,609$9,899$520,598
64$775,679$63,082$0$505,678
65$791,528$2,902$0$499,048
66$806,999$0$0$492,986
67$821,993$0$0$501,094
68$836,396$0$0$509,534
69$850,081$0$0$517,491
70$862,905$0$0$524,874
71$874,709$0$0$531,579
72$885,318$0$0$537,493
73$894,532$0$0$542,489
74$902,131$0$0$546,424
75$907,871$0$0$549,142
76$911,478$0$0$550,468
77$912,651$0$0$550,205
78$911,051$0$0$548,139
79$906,305$0$0$544,030
80$897,998$0$0$537,610
81$885,671$0$0$528,586
82$868,812$0$0$516,629
83$846,858$0$0$501,378
84$819,180$0$0$482,431
85$785,087$0$0$459,344
86$743,811$0$0$431,624
87$694,501$0$0$398,728
88$636,219$0$0$360,054
89$567,925$0$0$314,935
90$488,470$0$0$262,637
91$396,582$0$0$202,344
92$290,858$0$0$133,159
93$169,745$0$0$54,087
94$31,530$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0