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%15.8%
1 years$41,372$41,004$40,644$40,293$39,950$39,000
2 years$20,481$20,100$19,730$19,372$19,024$18,073
3 years$13,519$13,135$12,767$12,412$12,070$11,146
4 years$10,038$9,656$9,291$8,942$8,608$7,720
5 years$7,950$7,570$7,210$6,868$6,544$5,694
6 years$6,559$6,182$5,827$5,493$5,178$4,366
7 years$5,565$5,191$4,842$4,516$4,211$3,438
8 years$4,820$4,450$4,107$3,788$3,493$2,759
9 years$4,241$3,875$3,537$3,227$2,942$2,245
10 years$3,778$3,415$3,084$2,781$2,507$1,847
11 years$3,400$3,040$2,715$2,421$2,156$1,532
12 years$3,085$2,729$2,409$2,123$1,868$1,280
13 years$2,818$2,466$2,153$1,875$1,629$1,075
14 years$2,590$2,242$1,934$1,664$1,428$907
15 years$2,392$2,048$1,746$1,484$1,257$768
16 years$2,220$1,879$1,583$1,329$1,111$652
17 years$2,067$1,730$1,441$1,194$985$555
18 years$1,932$1,599$1,315$1,076$876$473
19 years$1,811$1,482$1,204$972$781$404
20 years$1,703$1,377$1,105$880$698$346
21 years$1,605$1,283$1,016$799$624$297
22 years$1,516$1,197$937$727$560$255
23 years$1,434$1,120$865$662$502$219
24 years$1,360$1,049$800$604$451$188
25 years$1,292$985$741$551$406$162
26 years$1,229$925$687$504$366$139
27 years$1,171$871$638$461$330$120
28 years$1,117$821$593$423$298$103
29 years$1,067$774$552$388$269$89
30 years$1,020$731$514$356$243$77
31 years$976$691$479$327$220$66
32 years$935$654$447$300$199$57
33 years$897$619$418$276$180$49
34 years$861$587$390$254$163$42
35 years$828$557$365$234$147$37
36 years$796$528$341$215$134$32
37 years$766$502$319$198$121$27
38 years$737$477$299$183$110$23
39 years$710$454$280$169$100$20
40 years$685$432$263$156$90$17
41 years$661$411$246$144$82$15
42 years$638$391$231$132$74$13
43 years$616$373$217$122$67$11
44 years$595$355$203$113$61$10
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$5
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 $3,459 every year, while hoping to spend $35,940 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: 60/33/7 Blend
49$501,000$501,000$501,000$501,000
50$555,670$529,117$521,351$588,006
51$574,108$516,804$500,577$597,765
52$593,223$502,683$477,902$603,971
53$613,045$486,627$453,225$609,833
54$633,607$468,503$426,439$615,319
55$654,944$448,170$397,434$620,395
56$677,094$425,476$366,094$625,026
57$700,097$400,263$332,297$629,175
58$723,995$372,364$295,917$632,802
59$748,834$341,602$256,822$635,868
60$774,663$307,788$214,874$638,329
61$801,534$270,725$169,927$640,141
62$829,504$230,203$121,833$641,259
63$858,632$186,002$70,433$641,634
64$888,983$137,887$15,563$641,216
65$920,628$85,612$0$639,954
66$953,640$28,915$0$641,005
67$988,102$0$0$642,554
68$1,024,101$0$0$655,185
69$1,061,730$0$0$679,375
70$1,101,093$0$0$704,688
71$1,142,300$0$0$731,198
72$1,185,469$0$0$758,983
73$1,230,732$0$0$788,128
74$1,278,228$0$0$818,725
75$1,328,110$0$0$850,874
76$1,380,545$0$0$884,685
77$1,435,713$0$0$920,276
78$1,493,810$0$0$957,775
79$1,555,050$0$0$997,324
80$1,619,666$0$0$1,039,076
81$1,687,911$0$0$1,083,197
82$1,760,064$0$0$1,129,869
83$1,836,425$0$0$1,179,292
84$1,917,326$0$0$1,231,683
85$2,003,127$0$0$1,287,278
86$2,094,221$0$0$1,346,339
87$2,191,041$0$0$1,409,148
88$2,294,058$0$0$1,476,016
89$2,403,787$0$0$1,547,283
90$2,520,794$0$0$1,623,322
91$2,645,699$0$0$1,704,541
92$2,779,178$0$0$1,791,387
93$2,921,977$0$0$1,884,350
94$3,074,910$0$0$1,983,968
95$3,238,871$0$0$2,090,830
96$3,414,842$0$0$2,205,585
97$3,603,898$0$0$2,328,941
98$3,807,221$0$0$2,461,678
99$4,026,108$0$0$2,604,653
100$4,261,984$0$0$2,758,806