Can I retire at age 50 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$41,207$40,840$40,482$40,132$39,791$39,590
2 years$20,399$20,020$19,651$19,294$18,948$18,745
3 years$13,465$13,083$12,716$12,362$12,021$11,823
4 years$9,998$9,617$9,254$8,906$8,574$8,381
5 years$7,918$7,540$7,181$6,841$6,518$6,332
6 years$6,532$6,157$5,804$5,471$5,157$4,978
7 years$5,543$5,171$4,823$4,498$4,194$4,022
8 years$4,801$4,432$4,090$3,773$3,479$3,314
9 years$4,224$3,859$3,523$3,214$2,930$2,772
10 years$3,763$3,402$3,071$2,770$2,497$2,345
11 years$3,386$3,028$2,704$2,411$2,147$2,002
12 years$3,072$2,718$2,400$2,115$1,861$1,722
13 years$2,807$2,456$2,144$1,867$1,623$1,490
14 years$2,580$2,233$1,926$1,657$1,422$1,296
15 years$2,383$2,040$1,739$1,478$1,252$1,132
16 years$2,211$1,871$1,577$1,323$1,107$993
17 years$2,059$1,723$1,435$1,189$981$873
18 years$1,924$1,592$1,310$1,072$873$770
19 years$1,804$1,476$1,199$968$778$680
20 years$1,696$1,371$1,100$877$695$603
21 years$1,598$1,277$1,012$796$622$535
22 years$1,509$1,192$933$724$557$475
23 years$1,429$1,115$861$659$500$423
24 years$1,355$1,045$797$601$450$376
25 years$1,286$981$738$549$405$336
26 years$1,224$922$684$502$364$300
27 years$1,166$867$635$459$329$268
28 years$1,112$817$591$421$296$239
29 years$1,062$771$550$386$268$214
30 years$1,016$728$512$354$242$191
31 years$972$688$477$325$219$171
32 years$932$651$445$299$198$154
33 years$894$617$416$275$179$138
34 years$858$585$389$253$162$123
35 years$824$554$363$233$147$111
36 years$793$526$340$214$133$99
37 years$763$500$318$198$121$89
38 years$734$475$298$182$109$80
39 years$708$452$279$168$99$72
40 years$682$430$262$155$90$64
41 years$658$409$245$143$82$58
42 years$635$390$230$132$74$52
43 years$614$371$216$122$67$47
44 years$593$354$203$112$61$42
45 years$573$337$190$104$55$38
46 years$554$322$179$96$50$34
47 years$536$307$168$89$46$30
48 years$519$293$158$82$41$27
49 years$503$280$148$76$38$25
50 years$487$268$139$70$34$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $499,000, adding $6,252 every year, while hoping to spend $42,648 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: 32/46/22 Blend
49$499,000$499,000$499,000$499,000
50$556,347$529,900$522,165$570,209
51$567,717$510,488$494,281$561,754
52$578,818$488,695$464,033$548,364
53$589,576$464,360$431,297$533,065
54$599,911$437,312$395,944$515,714
55$609,732$407,370$357,837$496,163
56$618,936$374,343$316,836$474,250
57$627,409$338,027$272,792$449,805
58$635,025$298,211$225,551$422,644
59$641,643$254,668$174,952$392,573
60$647,103$207,159$120,825$359,381
61$651,230$155,433$62,996$322,846
62$653,829$99,223$1,280$282,729
63$654,683$38,248$0$238,773
64$653,550$0$0$205,866
65$650,163$0$0$183,926
66$644,223$0$0$180,403
67$635,402$0$0$175,819
68$623,332$0$0$170,043
69$607,610$0$0$162,931
70$587,787$0$0$154,323
71$563,365$0$0$144,043
72$533,793$0$0$131,894
73$498,464$0$0$117,661
74$456,704$0$0$101,104
75$407,767$0$0$81,958
76$350,829$0$0$59,932
77$284,980$0$0$34,702
78$209,213$0$0$5,911
79$122,415$0$0$0
80$23,358$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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