Can I retire at age 50 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$41,372$41,004$40,644$40,293$39,950$38,969
2 years$20,481$20,100$19,730$19,372$19,024$18,041
3 years$13,519$13,135$12,767$12,412$12,070$11,116
4 years$10,038$9,656$9,291$8,942$8,608$7,691
5 years$7,950$7,570$7,210$6,868$6,544$5,666
6 years$6,559$6,182$5,827$5,493$5,178$4,341
7 years$5,565$5,191$4,842$4,516$4,211$3,414
8 years$4,820$4,450$4,107$3,788$3,493$2,737
9 years$4,241$3,875$3,537$3,227$2,942$2,224
10 years$3,778$3,415$3,084$2,781$2,507$1,828
11 years$3,400$3,040$2,715$2,421$2,156$1,514
12 years$3,085$2,729$2,409$2,123$1,868$1,263
13 years$2,818$2,466$2,153$1,875$1,629$1,059
14 years$2,590$2,242$1,934$1,664$1,428$892
15 years$2,392$2,048$1,746$1,484$1,257$754
16 years$2,220$1,879$1,583$1,329$1,111$640
17 years$2,067$1,730$1,441$1,194$985$544
18 years$1,932$1,599$1,315$1,076$876$463
19 years$1,811$1,482$1,204$972$781$395
20 years$1,703$1,377$1,105$880$698$338
21 years$1,605$1,283$1,016$799$624$289
22 years$1,516$1,197$937$727$560$248
23 years$1,434$1,120$865$662$502$212
24 years$1,360$1,049$800$604$451$182
25 years$1,292$985$741$551$406$156
26 years$1,229$925$687$504$366$134
27 years$1,171$871$638$461$330$115
28 years$1,117$821$593$423$298$99
29 years$1,067$774$552$388$269$85
30 years$1,020$731$514$356$243$73
31 years$976$691$479$327$220$63
32 years$935$654$447$300$199$54
33 years$897$619$418$276$180$47
34 years$861$587$390$254$163$40
35 years$828$557$365$234$147$35
36 years$796$528$341$215$134$30
37 years$766$502$319$198$121$26
38 years$737$477$299$183$110$22
39 years$710$454$280$169$100$19
40 years$685$432$263$156$90$17
41 years$661$411$246$144$82$14
42 years$638$391$231$132$74$12
43 years$616$373$217$122$67$11
44 years$595$355$203$113$61$9
45 years$575$339$191$104$56$8
46 years$557$323$179$96$50$7
47 years$539$308$169$89$46$6
48 years$521$294$158$82$42$5
49 years$505$281$149$76$38$4
50 years$489$269$140$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $501,000, adding $4,551 every year, while hoping to spend $34,237 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: 66/21/13 Blend
49$501,000$501,000$501,000$501,000
50$556,796$530,243$522,478$591,589
51$577,162$519,797$503,553$604,928
52$598,457$507,692$482,847$615,062
53$620,740$493,810$460,263$625,274
54$644,076$478,027$435,702$635,570
55$668,532$460,211$409,059$645,956
56$694,184$440,223$380,224$656,443
57$721,113$417,915$349,083$667,040
58$749,406$393,133$315,517$677,762
59$779,159$365,710$279,400$688,626
60$810,477$335,473$240,604$699,651
61$843,472$302,238$198,990$710,861
62$878,267$265,809$154,418$722,283
63$914,998$225,981$106,738$733,951
64$953,811$182,537$55,797$745,902
65$994,865$135,247$1,432$758,180
66$1,038,335$83,868$0$770,837
67$1,084,412$28,144$0$791,780
68$1,133,304$0$0$813,949
69$1,185,240$0$0$844,689
70$1,240,467$0$0$884,310
71$1,299,258$0$0$926,506
72$1,361,913$0$0$971,495
73$1,428,758$0$0$1,019,512
74$1,500,150$0$0$1,070,818
75$1,576,483$0$0$1,125,698
76$1,658,187$0$0$1,184,464
77$1,745,732$0$0$1,247,458
78$1,839,637$0$0$1,315,056
79$1,940,470$0$0$1,387,671
80$2,048,853$0$0$1,465,754
81$2,165,470$0$0$1,549,803
82$2,291,072$0$0$1,640,363
83$2,426,485$0$0$1,738,033
84$2,572,615$0$0$1,843,472
85$2,730,456$0$0$1,957,402
86$2,901,103$0$0$2,080,619
87$3,085,759$0$0$2,213,997
88$3,285,745$0$0$2,358,495
89$3,502,514$0$0$2,515,170
90$3,737,666$0$0$2,685,183
91$3,992,956$0$0$2,869,812
92$4,270,319$0$0$3,070,462
93$4,571,880$0$0$3,288,677
94$4,899,978$0$0$3,526,159
95$5,257,189$0$0$3,784,778
96$5,646,344$0$0$4,066,593
97$6,070,559$0$0$4,373,870
98$6,533,266$0$0$4,709,103
99$7,038,239$0$0$5,075,036
100$7,589,634$0$0$5,474,690