Can I retire at age 50 with 503,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$41,537$41,167$40,806$40,454$40,110$39,708
2 years$20,563$20,180$19,809$19,449$19,100$18,695
3 years$13,572$13,188$12,818$12,461$12,118$11,722
4 years$10,078$9,694$9,328$8,978$8,643$8,260
5 years$7,982$7,601$7,239$6,896$6,570$6,201
6 years$6,585$6,206$5,850$5,514$5,199$4,844
7 years$5,587$5,212$4,861$4,534$4,228$3,888
8 years$4,839$4,468$4,123$3,803$3,507$3,182
9 years$4,258$3,890$3,551$3,240$2,954$2,642
10 years$3,793$3,429$3,096$2,793$2,517$2,219
11 years$3,413$3,053$2,726$2,430$2,164$1,881
12 years$3,097$2,740$2,419$2,132$1,876$1,606
13 years$2,829$2,476$2,161$1,882$1,636$1,379
14 years$2,600$2,251$1,942$1,671$1,434$1,190
15 years$2,402$2,056$1,753$1,490$1,262$1,031
16 years$2,228$1,886$1,589$1,334$1,116$897
17 years$2,076$1,737$1,446$1,199$989$782
18 years$1,940$1,605$1,320$1,080$880$684
19 years$1,819$1,488$1,209$976$784$599
20 years$1,710$1,382$1,109$884$700$526
21 years$1,611$1,288$1,020$802$627$463
22 years$1,522$1,202$940$729$562$407
23 years$1,440$1,124$868$664$504$359
24 years$1,365$1,053$803$606$453$317
25 years$1,297$989$744$553$408$280
26 years$1,234$929$690$506$367$248
27 years$1,175$874$641$463$331$219
28 years$1,121$824$595$424$299$194
29 years$1,071$777$554$389$270$172
30 years$1,024$734$516$357$244$152
31 years$980$694$481$328$220$135
32 years$939$657$449$301$199$120
33 years$901$622$419$277$180$106
34 years$865$589$392$255$163$94
35 years$831$559$366$235$148$84
36 years$799$531$343$216$134$74
37 years$769$504$321$199$122$66
38 years$740$479$300$184$110$59
39 years$713$455$281$169$100$52
40 years$688$433$264$156$91$46
41 years$663$412$247$144$82$41
42 years$640$393$232$133$75$37
43 years$618$374$218$123$68$33
44 years$598$357$204$113$61$29
45 years$578$340$192$105$56$26
46 years$559$324$180$97$51$23
47 years$541$310$169$89$46$20
48 years$523$296$159$83$42$18
49 years$507$282$149$76$38$16
50 years$491$270$141$71$34$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $503,000, adding $4,891 every year, while hoping to spend $27,667 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: 62/8/30 Blend
49$503,000$503,000$503,000$503,000
50$559,351$532,692$524,896$589,229
51$586,967$529,357$513,042$606,805
52$616,473$524,930$499,864$622,579
53$648,032$519,331$485,288$639,226
54$681,824$512,470$469,238$656,837
55$718,044$504,255$451,632$675,515
56$756,909$494,589$432,386$695,372
57$798,656$483,365$411,413$716,534
58$843,544$470,475$388,620$739,141
59$891,858$455,801$363,912$763,348
60$943,912$439,220$337,187$789,327
61$1,000,050$420,600$308,341$817,271
62$1,060,649$399,804$277,265$847,392
63$1,126,125$376,684$243,843$879,926
64$1,196,934$351,086$207,956$915,135
65$1,273,578$322,846$169,480$953,309
66$1,356,608$291,790$128,282$994,769
67$1,446,631$257,737$84,229$1,039,874
68$1,544,313$220,492$37,176$1,089,017
69$1,650,388$179,850$0$1,142,638
70$1,765,661$135,597$0$1,205,394
71$1,891,021$87,504$0$1,286,620
72$2,027,444$35,330$0$1,375,049
73$2,176,003$0$0$1,471,394
74$2,337,880$0$0$1,578,304
75$2,514,377$0$0$1,698,294
76$2,706,924$0$0$1,829,232
77$2,917,097$0$0$1,972,193
78$3,146,632$0$0$2,128,362
79$3,397,436$0$0$2,299,043
80$3,671,613$0$0$2,485,672
81$3,971,477$0$0$2,689,828
82$4,299,575$0$0$2,913,254
83$4,658,714$0$0$3,157,864
84$5,051,984$0$0$3,425,769
85$5,482,787$0$0$3,719,293
86$5,954,870$0$0$4,040,996
87$6,472,360$0$0$4,393,696
88$7,039,801$0$0$4,780,498
89$7,662,201$0$0$5,204,821
90$8,345,072$0$0$5,670,431
91$9,094,488$0$0$6,181,477
92$9,917,137$0$0$6,742,529
93$10,820,391$0$0$7,358,620
94$11,812,364$0$0$8,035,296
95$12,902,000$0$0$8,778,664
96$14,099,150$0$0$9,595,455
97$15,414,664$0$0$10,493,081
98$16,860,500$0$0$11,479,710
99$18,449,827$0$0$12,564,340
100$20,197,156$0$0$13,756,884