Can I retire at age 50 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$41,620$41,249$40,887$40,534$40,190$39,013
2 years$20,604$20,220$19,848$19,488$19,138$17,962
3 years$13,599$13,214$12,843$12,486$12,142$11,003
4 years$10,098$9,714$9,347$8,995$8,660$7,567
5 years$7,998$7,616$7,253$6,909$6,583$5,540
6 years$6,598$6,219$5,862$5,525$5,209$4,216
7 years$5,598$5,223$4,871$4,543$4,236$3,294
8 years$4,849$4,477$4,131$3,811$3,514$2,621
9 years$4,267$3,898$3,558$3,246$2,960$2,115
10 years$3,801$3,436$3,102$2,798$2,522$1,725
11 years$3,420$3,059$2,731$2,435$2,169$1,418
12 years$3,103$2,745$2,424$2,136$1,879$1,174
13 years$2,835$2,481$2,165$1,886$1,639$977
14 years$2,605$2,255$1,946$1,674$1,437$816
15 years$2,407$2,060$1,757$1,493$1,265$684
16 years$2,233$1,890$1,593$1,337$1,118$575
17 years$2,080$1,741$1,449$1,201$991$484
18 years$1,944$1,608$1,323$1,082$881$409
19 years$1,822$1,491$1,211$978$786$346
20 years$1,713$1,385$1,112$886$702$293
21 years$1,614$1,290$1,022$804$628$248
22 years$1,525$1,204$942$731$563$211
23 years$1,443$1,126$870$666$505$179
24 years$1,368$1,055$805$607$454$152
25 years$1,299$990$745$554$409$129
26 years$1,236$931$691$507$368$110
27 years$1,178$876$642$464$332$94
28 years$1,123$826$597$425$299$80
29 years$1,073$779$555$390$270$68
30 years$1,026$735$517$358$244$58
31 years$982$695$482$329$221$49
32 years$941$658$450$302$200$42
33 years$903$623$420$278$181$36
34 years$866$590$392$256$164$31
35 years$832$560$367$235$148$26
36 years$800$532$343$217$134$22
37 years$770$505$321$200$122$19
38 years$742$480$301$184$110$16
39 years$715$456$282$170$100$14
40 years$689$434$264$156$91$12
41 years$665$413$248$144$82$10
42 years$642$394$232$133$75$9
43 years$620$375$218$123$68$7
44 years$599$357$205$114$62$6
45 years$579$341$192$105$56$5
46 years$560$325$181$97$51$5
47 years$542$310$170$89$46$4
48 years$524$296$159$83$42$3
49 years$508$283$150$76$38$3
50 years$492$270$141$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $504,000, adding $3,212 every year, while hoping to spend $35,182 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: 63/16/21 Blend
49$504,000$504,000$504,000$504,000
50$558,721$532,009$524,197$590,697
51$578,277$520,644$504,324$601,278
52$598,649$507,543$482,607$608,602
53$619,883$492,584$458,945$615,794
54$642,027$475,637$433,236$622,843
55$665,136$456,566$405,372$629,741
56$689,268$435,225$375,240$636,479
57$714,484$411,462$342,721$643,048
58$740,851$385,114$307,692$649,442
59$768,443$356,010$270,025$655,654
60$797,339$323,968$229,585$661,679
61$827,622$288,798$186,232$667,515
62$859,387$250,296$139,818$673,160
63$892,733$208,249$90,190$678,614
64$927,770$162,432$37,190$683,881
65$964,616$112,604$0$688,967
66$1,003,400$58,515$0$698,222
67$1,044,262$0$0$716,493
68$1,087,355$0$0$735,517
69$1,132,846$0$0$766,489
70$1,180,917$0$0$799,232
71$1,231,765$0$0$833,884
72$1,285,607$0$0$870,594
73$1,342,679$0$0$909,525
74$1,403,239$0$0$950,857
75$1,467,571$0$0$994,784
76$1,535,982$0$0$1,041,520
77$1,608,811$0$0$1,091,299
78$1,686,427$0$0$1,144,378
79$1,769,236$0$0$1,201,035
80$1,857,681$0$0$1,261,580
81$1,952,249$0$0$1,326,349
82$2,053,474$0$0$1,395,711
83$2,161,939$0$0$1,470,071
84$2,278,286$0$0$1,549,874
85$2,403,220$0$0$1,635,607
86$2,537,512$0$0$1,727,806
87$2,682,010$0$0$1,827,058
88$2,837,647$0$0$1,934,009
89$3,005,443$0$0$2,049,367
90$3,186,522$0$0$2,173,912
91$3,382,120$0$0$2,308,499
92$3,593,591$0$0$2,454,069
93$3,822,427$0$0$2,611,654
94$4,070,266$0$0$2,782,393
95$4,338,910$0$0$2,967,534
96$4,630,341$0$0$3,168,451
97$4,946,737$0$0$3,386,657
98$5,290,494$0$0$3,623,812
99$5,664,249$0$0$3,881,747
100$6,070,901$0$0$4,162,472