Can I retire at age 50 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$41,124$40,758$40,401$40,052$39,711$39,411
2 years$20,359$19,979$19,612$19,256$18,910$18,608
3 years$13,438$13,057$12,690$12,337$11,997$11,702
4 years$9,978$9,598$9,235$8,888$8,557$8,270
5 years$7,902$7,525$7,167$6,827$6,505$6,228
6 years$6,519$6,145$5,792$5,460$5,147$4,881
7 years$5,532$5,160$4,813$4,489$4,186$3,930
8 years$4,791$4,423$4,082$3,765$3,473$3,228
9 years$4,216$3,851$3,516$3,207$2,924$2,690
10 years$3,756$3,395$3,065$2,765$2,492$2,268
11 years$3,380$3,022$2,698$2,406$2,143$1,929
12 years$3,066$2,713$2,395$2,111$1,857$1,653
13 years$2,801$2,451$2,140$1,863$1,619$1,425
14 years$2,574$2,228$1,922$1,654$1,420$1,235
15 years$2,378$2,036$1,736$1,475$1,250$1,074
16 years$2,206$1,868$1,574$1,321$1,105$938
17 years$2,055$1,720$1,432$1,187$979$822
18 years$1,921$1,589$1,307$1,069$871$721
19 years$1,800$1,473$1,197$966$776$635
20 years$1,693$1,369$1,098$875$693$560
21 years$1,595$1,275$1,010$794$620$494
22 years$1,506$1,190$931$722$556$437
23 years$1,426$1,113$860$658$499$387
24 years$1,352$1,043$795$600$449$343
25 years$1,284$979$736$548$404$305
26 years$1,221$920$683$501$364$271
27 years$1,164$866$634$459$328$241
28 years$1,110$816$590$420$296$214
29 years$1,060$770$549$385$267$191
30 years$1,014$727$511$354$241$170
31 years$970$687$476$325$218$151
32 years$930$650$445$298$197$135
33 years$892$616$415$274$179$120
34 years$856$583$388$252$162$107
35 years$823$553$363$232$147$96
36 years$791$525$339$214$133$85
37 years$761$499$317$197$120$76
38 years$733$474$297$182$109$68
39 years$706$451$279$168$99$61
40 years$681$429$261$155$90$54
41 years$657$408$245$143$81$49
42 years$634$389$230$132$74$43
43 years$612$370$215$122$67$39
44 years$592$353$202$112$61$35
45 years$572$337$190$104$55$31
46 years$553$321$178$96$50$28
47 years$535$307$168$88$46$25
48 years$518$293$157$82$41$22
49 years$502$279$148$76$38$20
50 years$486$267$139$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $498,000, adding $6,426 every year, while hoping to spend $36,058 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: 43/37/20 Blend
49$498,000$498,000$498,000$498,000
50$555,424$529,030$521,311$575,826
51$573,712$516,587$500,410$578,432
52$592,657$502,326$477,600$577,243
53$612,287$486,120$452,779$575,210
54$632,634$467,833$425,840$572,274
55$653,730$447,324$396,673$568,373
56$675,610$424,442$365,161$563,440
57$698,310$399,028$331,182$557,406
58$721,870$370,913$294,609$550,198
59$746,332$339,918$255,309$541,739
60$771,739$305,856$213,144$531,949
61$798,141$268,527$167,968$520,743
62$825,588$227,721$119,631$508,033
63$854,134$183,216$67,976$493,726
64$883,839$134,777$12,836$477,724
65$914,765$82,155$0$459,926
66$946,979$25,090$0$450,043
67$980,556$0$0$441,706
68$1,015,572$0$0$447,040
69$1,052,112$0$0$463,277
70$1,090,268$0$0$480,246
71$1,130,136$0$0$497,992
72$1,171,824$0$0$516,564
73$1,215,447$0$0$536,016
74$1,261,128$0$0$556,404
75$1,309,002$0$0$577,792
76$1,359,215$0$0$600,247
77$1,411,926$0$0$623,844
78$1,467,306$0$0$648,663
79$1,525,544$0$0$674,790
80$1,586,841$0$0$702,321
81$1,651,420$0$0$731,360
82$1,719,522$0$0$762,019
83$1,791,410$0$0$794,420
84$1,867,370$0$0$828,699
85$1,947,715$0$0$865,002
86$2,032,785$0$0$903,488
87$2,122,955$0$0$944,333
88$2,218,631$0$0$987,729
89$2,320,259$0$0$1,033,883
90$2,428,326$0$0$1,083,025
91$2,543,364$0$0$1,135,406
92$2,665,958$0$0$1,191,300
93$2,796,747$0$0$1,251,008
94$2,936,430$0$0$1,314,859
95$3,085,775$0$0$1,383,214
96$3,245,622$0$0$1,456,471
97$3,416,895$0$0$1,535,063
98$3,600,604$0$0$1,619,467
99$3,797,860$0$0$1,710,207
100$4,009,881$0$0$1,807,858