Can I retire at age 50 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$41,290$40,922$40,563$40,213$39,871$38,517
2 years$20,440$20,060$19,691$19,333$18,986$17,636
3 years$13,492$13,109$12,741$12,387$12,046$10,741
4 years$10,018$9,637$9,272$8,924$8,591$7,343
5 years$7,934$7,555$7,196$6,855$6,531$5,342
6 years$6,545$6,169$5,815$5,482$5,168$4,038
7 years$5,554$5,181$4,832$4,507$4,203$3,133
8 years$4,811$4,441$4,098$3,781$3,486$2,476
9 years$4,233$3,867$3,530$3,220$2,936$1,984
10 years$3,771$3,408$3,077$2,776$2,502$1,606
11 years$3,393$3,034$2,709$2,416$2,152$1,310
12 years$3,079$2,723$2,404$2,119$1,864$1,076
13 years$2,813$2,461$2,148$1,871$1,626$887
14 years$2,585$2,237$1,930$1,661$1,425$735
15 years$2,388$2,044$1,743$1,481$1,255$611
16 years$2,215$1,875$1,580$1,326$1,109$509
17 years$2,063$1,727$1,438$1,191$983$425
18 years$1,928$1,596$1,312$1,074$874$356
19 years$1,808$1,479$1,202$970$779$298
20 years$1,699$1,374$1,103$879$696$250
21 years$1,601$1,280$1,014$798$623$210
22 years$1,512$1,195$935$725$558$177
23 years$1,431$1,118$863$660$501$149
24 years$1,357$1,047$798$602$451$125
25 years$1,289$983$739$550$405$105
26 years$1,226$923$686$503$365$89
27 years$1,168$869$637$460$329$75
28 years$1,114$819$592$422$297$63
29 years$1,064$773$551$387$268$53
30 years$1,018$730$513$355$242$45
31 years$974$690$478$326$219$38
32 years$934$653$446$300$198$32
33 years$895$618$417$276$179$27
34 years$860$586$389$254$162$23
35 years$826$556$364$233$147$19
36 years$794$527$341$215$133$16
37 years$764$501$319$198$121$14
38 years$736$476$298$183$110$12
39 years$709$453$280$168$99$10
40 years$684$431$262$155$90$8
41 years$659$410$246$143$82$7
42 years$637$390$231$132$74$6
43 years$615$372$216$122$67$5
44 years$594$355$203$113$61$4
45 years$574$338$191$104$55$4
46 years$555$323$179$96$50$3
47 years$538$308$168$89$46$3
48 years$520$294$158$82$42$2
49 years$504$281$149$76$38$2
50 years$488$268$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $500,000, adding $3,775 every year, while hoping to spend $29,778 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: 74/14/12 Blend
49$500,000$500,000$500,000$500,000
50$554,894$528,394$520,644$594,339
51$579,810$522,602$506,402$615,113
52$606,269$515,528$490,685$633,787
53$634,397$507,077$473,412$653,431
54$664,332$497,151$454,498$674,131
55$696,226$485,643$433,855$695,984
56$730,243$472,442$411,391$719,097
57$766,564$457,428$387,009$743,588
58$805,388$440,476$360,608$769,588
59$846,932$421,453$332,083$797,242
60$891,434$400,220$301,323$826,710
61$939,156$376,626$268,213$858,169
62$990,384$350,516$232,633$891,815
63$1,045,435$321,722$194,457$927,866
64$1,104,652$290,069$153,555$966,560
65$1,168,416$255,372$109,788$1,008,164
66$1,237,143$217,434$63,015$1,052,970
67$1,311,291$176,048$13,085$1,101,303
68$1,391,363$130,994$0$1,153,522
69$1,477,911$82,042$0$1,215,170
70$1,571,543$28,948$0$1,283,662
71$1,672,927$0$0$1,357,827
72$1,782,795$0$0$1,442,621
73$1,901,956$0$0$1,539,441
74$2,031,297$0$0$1,644,552
75$2,171,794$0$0$1,758,748
76$2,324,521$0$0$1,882,906
77$2,490,659$0$0$2,017,988
78$2,671,507$0$0$2,165,054
79$2,868,497$0$0$2,325,270
80$3,083,201$0$0$2,499,917
81$3,317,351$0$0$2,690,410
82$3,572,854$0$0$2,898,300
83$3,851,808$0$0$3,125,300
84$4,156,523$0$0$3,373,292
85$4,489,541$0$0$3,644,350
86$4,853,663$0$0$3,940,755
87$5,251,969$0$0$4,265,021
88$5,687,855$0$0$4,619,914
89$6,165,058$0$0$5,008,483
90$6,687,691$0$0$5,434,082
91$7,260,288$0$0$5,900,406
92$7,887,839$0$0$6,411,524
93$8,575,840$0$0$6,971,919
94$9,330,347$0$0$7,586,526
95$10,158,025$0$0$8,260,783
96$11,066,221$0$0$9,000,677
97$12,063,022$0$0$9,812,806
98$13,157,341$0$0$10,704,434
99$14,358,993$0$0$11,683,566
100$15,678,791$0$0$12,759,019