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%13.4%
1 years$41,455$41,085$40,725$40,374$40,030$39,465
2 years$20,522$20,140$19,770$19,410$19,062$18,493
3 years$13,546$13,162$12,792$12,436$12,094$11,539
4 years$10,058$9,675$9,309$8,960$8,625$8,090
5 years$7,966$7,585$7,224$6,882$6,557$6,042
6 years$6,572$6,194$5,838$5,504$5,188$4,694
7 years$5,576$5,202$4,852$4,525$4,219$3,746
8 years$4,830$4,459$4,115$3,796$3,500$3,049
9 years$4,250$3,882$3,544$3,233$2,948$2,517
10 years$3,786$3,422$3,090$2,787$2,512$2,101
11 years$3,407$3,046$2,720$2,425$2,160$1,770
12 years$3,091$2,734$2,414$2,127$1,872$1,501
13 years$2,824$2,471$2,157$1,878$1,632$1,281
14 years$2,595$2,246$1,938$1,667$1,431$1,098
15 years$2,397$2,052$1,750$1,487$1,260$945
16 years$2,224$1,883$1,586$1,331$1,114$816
17 years$2,071$1,734$1,443$1,196$987$707
18 years$1,936$1,602$1,318$1,078$878$614
19 years$1,815$1,485$1,206$974$782$534
20 years$1,706$1,380$1,107$882$699$465
21 years$1,608$1,285$1,018$801$625$406
22 years$1,519$1,200$939$728$561$355
23 years$1,437$1,122$867$663$503$310
24 years$1,363$1,051$801$605$452$272
25 years$1,294$987$742$552$407$238
26 years$1,231$927$688$505$367$209
27 years$1,173$873$639$462$331$183
28 years$1,119$822$594$423$298$161
29 years$1,069$776$553$388$269$142
30 years$1,022$733$515$356$243$124
31 years$978$693$480$327$220$109
32 years$937$655$448$301$199$96
33 years$899$621$418$277$180$85
34 years$863$588$391$255$163$75
35 years$829$558$365$234$148$66
36 years$797$529$342$216$134$58
37 years$767$503$320$199$121$51
38 years$739$478$300$183$110$45
39 years$712$454$281$169$100$40
40 years$686$432$263$156$90$35
41 years$662$412$247$144$82$31
42 years$639$392$231$133$74$27
43 years$617$373$217$122$68$24
44 years$596$356$204$113$61$21
45 years$577$339$191$104$56$19
46 years$558$324$180$96$51$16
47 years$540$309$169$89$46$14
48 years$522$295$159$82$42$13
49 years$506$282$149$76$38$11
50 years$490$269$140$70$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $502,000, adding $2,764 every year, while hoping to spend $38,231 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: 53/28/19 Blend
49$502,000$502,000$502,000$502,000
50$556,055$529,449$521,668$582,505
51$572,095$514,715$498,466$586,217
52$588,490$497,977$473,206$586,011
53$605,236$479,097$445,778$584,959
54$622,326$457,929$416,068$582,990
55$639,753$434,317$383,956$580,032
56$657,507$408,098$349,318$576,006
57$675,576$379,098$312,023$570,829
58$693,944$347,133$271,935$564,411
59$712,594$312,010$228,913$556,657
60$731,504$273,524$182,807$547,466
61$750,648$231,459$133,462$536,728
62$769,999$185,584$80,717$524,328
63$789,521$135,660$24,403$510,141
64$809,175$81,430$0$494,036
65$828,916$22,625$0$483,107
66$848,692$0$0$475,717
67$868,446$0$0$479,434
68$888,109$0$0$490,044
69$907,608$0$0$500,529
70$926,856$0$0$510,840
71$945,758$0$0$520,918
72$964,205$0$0$530,701
73$982,075$0$0$540,117
74$999,234$0$0$549,084
75$1,015,528$0$0$557,513
76$1,030,786$0$0$565,303
77$1,044,819$0$0$572,342
78$1,057,413$0$0$578,504
79$1,068,332$0$0$583,650
80$1,077,310$0$0$587,624
81$1,084,055$0$0$590,253
82$1,088,239$0$0$591,345
83$1,089,498$0$0$590,687
84$1,087,429$0$0$588,040
85$1,081,583$0$0$583,143
86$1,071,463$0$0$575,702
87$1,056,516$0$0$565,394
88$1,036,131$0$0$551,861
89$1,009,631$0$0$534,704
90$976,264$0$0$513,483
91$935,198$0$0$487,712
92$885,513$0$0$456,850
93$826,190$0$0$420,302
94$756,103$0$0$377,406
95$674,005$0$0$327,433
96$578,517$0$0$269,576
97$468,116$0$0$202,943
98$341,117$0$0$126,549
99$195,660$0$0$39,304
100$29,689$0$0$0