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%14.6%
1 years$41,372$41,004$40,644$40,293$39,950$39,192
2 years$20,481$20,100$19,730$19,372$19,024$18,263
3 years$13,519$13,135$12,767$12,412$12,070$11,329
4 years$10,038$9,656$9,291$8,942$8,608$7,895
5 years$7,950$7,570$7,210$6,868$6,544$5,859
6 years$6,559$6,182$5,827$5,493$5,178$4,523
7 years$5,565$5,191$4,842$4,516$4,211$3,585
8 years$4,820$4,450$4,107$3,788$3,493$2,897
9 years$4,241$3,875$3,537$3,227$2,942$2,375
10 years$3,778$3,415$3,084$2,781$2,507$1,968
11 years$3,400$3,040$2,715$2,421$2,156$1,645
12 years$3,085$2,729$2,409$2,123$1,868$1,385
13 years$2,818$2,466$2,153$1,875$1,629$1,172
14 years$2,590$2,242$1,934$1,664$1,428$997
15 years$2,392$2,048$1,746$1,484$1,257$851
16 years$2,220$1,879$1,583$1,329$1,111$729
17 years$2,067$1,730$1,441$1,194$985$626
18 years$1,932$1,599$1,315$1,076$876$539
19 years$1,811$1,482$1,204$972$781$464
20 years$1,703$1,377$1,105$880$698$401
21 years$1,605$1,283$1,016$799$624$347
22 years$1,516$1,197$937$727$560$300
23 years$1,434$1,120$865$662$502$260
24 years$1,360$1,049$800$604$451$226
25 years$1,292$985$741$551$406$196
26 years$1,229$925$687$504$366$170
27 years$1,171$871$638$461$330$148
28 years$1,117$821$593$423$298$129
29 years$1,067$774$552$388$269$112
30 years$1,020$731$514$356$243$98
31 years$976$691$479$327$220$85
32 years$935$654$447$300$199$74
33 years$897$619$418$276$180$64
34 years$861$587$390$254$163$56
35 years$828$557$365$234$147$49
36 years$796$528$341$215$134$43
37 years$766$502$319$198$121$37
38 years$737$477$299$183$110$32
39 years$710$454$280$169$100$28
40 years$685$432$263$156$90$25
41 years$661$411$246$144$82$22
42 years$638$391$231$132$74$19
43 years$616$373$217$122$67$16
44 years$595$355$203$113$61$14
45 years$575$339$191$104$56$12
46 years$557$323$179$96$50$11
47 years$539$308$169$89$46$9
48 years$521$294$158$82$42$8
49 years$505$281$149$76$38$7
50 years$489$269$140$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $501,000, adding $4,851 every year, while hoping to spend $20,390 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: 44/45/11 Blend
49$501,000$501,000$501,000$501,000
50$557,106$530,553$522,787$579,657
51$592,236$534,855$518,606$600,131
52$630,266$538,685$513,601$619,858
53$671,470$541,997$507,724$640,783
54$716,149$544,745$500,922$663,022
55$764,636$546,877$493,143$686,707
56$817,295$548,340$484,329$711,984
57$874,528$549,077$474,422$739,013
58$936,774$549,027$463,360$767,972
59$1,004,521$548,125$451,079$799,059
60$1,078,302$546,303$437,510$832,493
61$1,158,706$543,488$422,583$868,517
62$1,246,379$539,604$406,224$907,401
63$1,342,033$534,568$388,356$949,441
64$1,446,452$528,294$368,898$994,968
65$1,560,499$520,690$347,766$1,044,347
66$1,685,124$511,658$324,870$1,097,984
67$1,821,373$501,095$300,119$1,156,325
68$1,970,397$488,892$273,417$1,219,867
69$2,133,463$474,934$244,662$1,289,158
70$2,311,968$459,097$213,750$1,364,806
71$2,507,448$441,253$180,570$1,447,482
72$2,721,597$421,263$145,008$1,537,929
73$2,956,278$398,983$106,944$1,636,969
74$3,213,544$374,259$66,253$1,745,511
75$3,495,657$346,929$22,803$1,864,560
76$3,805,107$316,822$0$1,995,226
77$4,144,637$283,755$0$2,141,505
78$4,517,269$247,537$0$2,305,024
79$4,926,330$207,966$0$2,484,622
80$5,375,486$164,828$0$2,681,976
81$5,868,777$117,895$0$2,898,936
82$6,410,651$66,930$0$3,137,547
83$7,006,008$11,681$0$3,400,066
84$7,660,248$0$0$3,688,986
85$8,379,319$0$0$4,030,885
86$9,169,773$0$0$4,413,150
87$10,038,831$0$0$4,833,497
88$10,994,445$0$0$5,295,780
89$12,045,379$0$0$5,804,247
90$13,201,287$0$0$6,363,580
91$14,472,807$0$0$6,978,935
92$15,871,660$0$0$7,655,994
93$17,410,758$0$0$8,401,016
94$19,104,330$0$0$9,220,900
95$20,968,053$0$0$10,123,246
96$23,019,201$0$0$11,116,429
97$25,276,807$0$0$12,209,676
98$27,761,843$0$0$13,413,154
99$30,497,417$0$0$14,738,067
100$33,508,990$0$0$16,196,759