Can I retire at age 50 with 502,000?

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 $502,000?

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$41,455$41,085$40,725$40,374$40,030$39,270
2 years$20,522$20,140$19,770$19,410$19,062$18,299
3 years$13,546$13,162$12,792$12,436$12,094$11,352
4 years$10,058$9,675$9,309$8,960$8,625$7,910
5 years$7,966$7,585$7,224$6,882$6,557$5,871
6 years$6,572$6,194$5,838$5,504$5,188$4,532
7 years$5,576$5,202$4,852$4,525$4,219$3,593
8 years$4,830$4,459$4,115$3,796$3,500$2,903
9 years$4,250$3,882$3,544$3,233$2,948$2,380
10 years$3,786$3,422$3,090$2,787$2,512$1,972
11 years$3,407$3,046$2,720$2,425$2,160$1,649
12 years$3,091$2,734$2,414$2,127$1,872$1,388
13 years$2,824$2,471$2,157$1,878$1,632$1,175
14 years$2,595$2,246$1,938$1,667$1,431$999
15 years$2,397$2,052$1,750$1,487$1,260$853
16 years$2,224$1,883$1,586$1,331$1,114$730
17 years$2,071$1,734$1,443$1,196$987$627
18 years$1,936$1,602$1,318$1,078$878$540
19 years$1,815$1,485$1,206$974$782$465
20 years$1,706$1,380$1,107$882$699$402
21 years$1,608$1,285$1,018$801$625$348
22 years$1,519$1,200$939$728$561$301
23 years$1,437$1,122$867$663$503$261
24 years$1,363$1,051$801$605$452$226
25 years$1,294$987$742$552$407$197
26 years$1,231$927$688$505$367$171
27 years$1,173$873$639$462$331$148
28 years$1,119$822$594$423$298$129
29 years$1,069$776$553$388$269$112
30 years$1,022$733$515$356$243$98
31 years$978$693$480$327$220$85
32 years$937$655$448$301$199$74
33 years$899$621$418$277$180$65
34 years$863$588$391$255$163$56
35 years$829$558$365$234$148$49
36 years$797$529$342$216$134$43
37 years$767$503$320$199$121$37
38 years$739$478$300$183$110$32
39 years$712$454$281$169$100$28
40 years$686$432$263$156$90$25
41 years$662$412$247$144$82$22
42 years$639$392$231$133$74$19
43 years$617$373$217$122$68$16
44 years$596$356$204$113$61$14
45 years$577$339$191$104$56$12
46 years$558$324$180$96$51$11
47 years$540$309$169$89$46$9
48 years$522$295$159$82$42$8
49 years$506$282$149$76$38$7
50 years$490$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 $502,000, adding $4,184 every year, while hoping to spend $27,519 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: 45/46/9 Blend
49$502,000$502,000$502,000$502,000
50$557,520$530,914$523,133$581,012
51$585,107$527,649$511,378$594,424
52$614,585$523,301$498,307$605,795
53$646,119$517,789$483,846$617,496
54$679,889$511,026$467,920$629,567
55$716,090$502,919$450,448$642,054
56$754,940$493,370$431,347$655,010
57$796,675$482,277$410,528$668,494
58$841,556$469,529$387,901$682,575
59$889,870$455,011$363,371$697,328
60$941,929$438,599$336,836$712,841
61$998,079$420,163$308,194$729,213
62$1,058,699$399,567$277,334$746,555
63$1,124,204$376,664$244,143$764,993
64$1,195,053$351,301$208,502$784,669
65$1,271,749$323,314$170,286$805,741
66$1,354,843$292,533$129,367$828,390
67$1,444,944$258,774$85,608$852,816
68$1,542,721$221,846$38,868$879,245
69$1,648,908$181,547$0$907,930
70$1,764,315$137,660$0$940,213
71$1,889,830$89,961$0$979,403
72$2,026,433$38,209$0$1,022,135
73$2,175,201$0$0$1,068,821
74$2,337,318$0$0$1,128,954
75$2,514,088$0$0$1,215,666
76$2,706,948$0$0$1,310,326
77$2,917,477$0$0$1,413,718
78$3,147,414$0$0$1,526,702
79$3,398,674$0$0$1,650,228
80$3,673,364$0$0$1,785,339
81$3,973,805$0$0$1,933,185
82$4,302,553$0$0$2,095,032
83$4,662,421$0$0$2,272,274
84$5,056,507$0$0$2,466,447
85$5,488,223$0$0$2,679,241
86$5,961,327$0$0$2,912,519
87$6,479,956$0$0$3,168,331
88$7,048,669$0$0$3,448,935
89$7,672,484$0$0$3,756,821
90$8,356,932$0$0$4,094,727
91$9,108,102$0$0$4,465,674
92$9,932,702$0$0$4,872,986
93$10,838,122$0$0$5,320,325
94$11,832,502$0$0$5,811,728
95$12,924,808$0$0$6,351,638
96$14,124,920$0$0$6,944,954
97$15,443,719$0$0$7,597,069
98$16,893,194$0$0$8,313,927
99$18,486,554$0$0$9,102,077
100$20,238,349$0$0$9,968,732