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%12.4%
1 years$41,290$40,922$40,563$40,213$39,871$39,471
2 years$20,440$20,060$19,691$19,333$18,986$18,583
3 years$13,492$13,109$12,741$12,387$12,046$11,652
4 years$10,018$9,637$9,272$8,924$8,591$8,210
5 years$7,934$7,555$7,196$6,855$6,531$6,164
6 years$6,545$6,169$5,815$5,482$5,168$4,815
7 years$5,554$5,181$4,832$4,507$4,203$3,864
8 years$4,811$4,441$4,098$3,781$3,486$3,163
9 years$4,233$3,867$3,530$3,220$2,936$2,626
10 years$3,771$3,408$3,077$2,776$2,502$2,206
11 years$3,393$3,034$2,709$2,416$2,152$1,870
12 years$3,079$2,723$2,404$2,119$1,864$1,596
13 years$2,813$2,461$2,148$1,871$1,626$1,371
14 years$2,585$2,237$1,930$1,661$1,425$1,183
15 years$2,388$2,044$1,743$1,481$1,255$1,025
16 years$2,215$1,875$1,580$1,326$1,109$891
17 years$2,063$1,727$1,438$1,191$983$777
18 years$1,928$1,596$1,312$1,074$874$680
19 years$1,808$1,479$1,202$970$779$596
20 years$1,699$1,374$1,103$879$696$523
21 years$1,601$1,280$1,014$798$623$460
22 years$1,512$1,195$935$725$558$405
23 years$1,431$1,118$863$660$501$357
24 years$1,357$1,047$798$602$451$315
25 years$1,289$983$739$550$405$278
26 years$1,226$923$686$503$365$246
27 years$1,168$869$637$460$329$218
28 years$1,114$819$592$422$297$193
29 years$1,064$773$551$387$268$171
30 years$1,018$730$513$355$242$151
31 years$974$690$478$326$219$134
32 years$934$653$446$300$198$119
33 years$895$618$417$276$179$106
34 years$860$586$389$254$162$94
35 years$826$556$364$233$147$83
36 years$794$527$341$215$133$74
37 years$764$501$319$198$121$66
38 years$736$476$298$183$110$58
39 years$709$453$280$168$99$52
40 years$684$431$262$155$90$46
41 years$659$410$246$143$82$41
42 years$637$390$231$132$74$36
43 years$615$372$216$122$67$32
44 years$594$355$203$113$61$29
45 years$574$338$191$104$55$26
46 years$555$323$179$96$50$23
47 years$538$308$168$89$46$20
48 years$520$294$158$82$42$18
49 years$504$281$149$76$38$16
50 years$488$268$140$70$34$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $500,000, adding $6,024 every year, while hoping to spend $31,474 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: 34/48/18 Blend
49$500,000$500,000$500,000$500,000
50$557,214$530,714$522,964$572,890
51$580,561$523,231$506,995$577,449
52$605,236$514,326$489,436$579,012
53$631,339$503,897$470,201$580,032
54$658,982$491,834$449,200$580,481
55$688,287$478,023$426,337$580,328
56$719,387$462,341$401,514$579,543
57$752,427$444,658$374,627$578,096
58$787,567$424,839$345,569$575,959
59$824,980$402,737$314,227$573,102
60$864,858$378,201$280,484$569,498
61$907,408$351,068$244,215$565,122
62$952,860$321,167$205,293$559,948
63$1,001,465$288,317$163,583$553,954
64$1,053,497$252,327$118,945$547,122
65$1,109,257$212,995$71,234$539,436
66$1,169,077$170,107$20,295$530,882
67$1,233,318$123,437$0$521,455
68$1,302,379$72,749$0$517,695
69$1,376,698$17,789$0$517,650
70$1,456,753$0$0$517,463
71$1,543,072$0$0$539,220
72$1,636,235$0$0$572,899
73$1,736,876$0$0$609,343
74$1,845,696$0$0$648,810
75$1,963,463$0$0$691,589
76$2,091,022$0$0$737,994
77$2,229,301$0$0$788,373
78$2,379,322$0$0$843,105
79$2,542,209$0$0$902,611
80$2,719,195$0$0$967,353
81$2,911,641$0$0$1,037,837
82$3,121,043$0$0$1,114,623
83$3,349,044$0$0$1,198,325
84$3,597,455$0$0$1,289,620
85$3,868,268$0$0$1,389,253
86$4,163,677$0$0$1,498,043
87$4,486,094$0$0$1,616,893
88$4,838,176$0$0$1,746,796
89$5,222,846$0$0$1,888,847
90$5,643,326$0$0$2,044,248
91$6,103,158$0$0$2,214,327
92$6,606,246$0$0$2,400,543
93$7,156,886$0$0$2,604,505
94$7,759,812$0$0$2,827,982
95$8,420,232$0$0$3,072,926
96$9,143,887$0$0$3,341,483
97$9,937,095$0$0$3,636,019
98$10,806,817$0$0$3,959,139
99$11,760,720$0$0$4,313,713
100$12,807,246$0$0$4,702,903