Can I retire at age 50 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$41,868$41,495$41,131$40,776$40,429$39,891
2 years$20,727$20,341$19,966$19,604$19,252$18,710
3 years$13,680$13,293$12,920$12,560$12,214$11,686
4 years$10,158$9,772$9,402$9,049$8,711$8,201
5 years$8,045$7,661$7,296$6,950$6,622$6,131
6 years$6,637$6,256$5,897$5,558$5,240$4,769
7 years$5,632$5,254$4,900$4,570$4,261$3,810
8 years$4,878$4,503$4,156$3,834$3,535$3,104
9 years$4,292$3,921$3,579$3,265$2,977$2,566
10 years$3,824$3,456$3,121$2,815$2,537$2,145
11 years$3,441$3,077$2,747$2,450$2,182$1,809
12 years$3,122$2,762$2,438$2,149$1,891$1,536
13 years$2,852$2,496$2,178$1,897$1,649$1,312
14 years$2,621$2,268$1,957$1,684$1,445$1,127
15 years$2,421$2,072$1,767$1,502$1,272$971
16 years$2,246$1,901$1,602$1,345$1,125$840
17 years$2,092$1,751$1,458$1,208$997$728
18 years$1,955$1,618$1,331$1,089$887$633
19 years$1,833$1,500$1,218$984$790$552
20 years$1,723$1,393$1,118$891$706$481
21 years$1,624$1,298$1,028$809$632$421
22 years$1,534$1,212$948$735$566$368
23 years$1,451$1,133$875$670$508$323
24 years$1,376$1,062$809$611$457$283
25 years$1,307$996$750$558$411$248
26 years$1,243$936$695$510$370$218
27 years$1,185$881$646$467$334$192
28 years$1,130$830$600$428$301$169
29 years$1,079$783$559$392$272$149
30 years$1,032$740$520$360$246$131
31 years$988$699$485$331$222$115
32 years$947$662$453$304$201$102
33 years$908$627$423$279$182$90
34 years$872$594$395$257$165$79
35 years$837$563$369$237$149$70
36 years$805$535$345$218$135$61
37 years$775$508$323$201$122$54
38 years$746$483$303$185$111$48
39 years$719$459$284$171$101$42
40 years$693$437$266$157$91$37
41 years$669$416$249$145$83$33
42 years$645$396$234$134$75$29
43 years$623$377$219$124$68$26
44 years$602$360$206$114$62$23
45 years$582$343$193$105$56$20
46 years$563$327$182$97$51$18
47 years$545$312$171$90$46$16
48 years$528$298$160$83$42$14
49 years$511$285$151$77$38$12
50 years$495$272$142$71$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $507,000, adding $6,555 every year, while hoping to spend $38,984 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: 51/36/13 Blend
49$507,000$507,000$507,000$507,000
50$565,475$538,604$530,746$592,015
51$581,675$523,517$507,047$595,809
52$598,221$506,385$481,248$595,268
53$615,106$487,064$453,237$593,798
54$632,324$465,407$422,897$591,323
55$649,864$441,255$390,107$587,761
56$667,714$414,440$354,739$583,024
57$685,859$384,786$316,661$577,020
58$704,280$352,105$275,733$569,649
59$722,958$316,198$231,811$560,805
60$741,866$276,858$184,743$550,376
61$760,975$233,863$134,371$538,239
62$780,252$186,980$80,530$524,266
63$799,657$135,962$23,047$508,318
64$819,146$80,548$0$490,249
65$838,667$20,463$0$475,212
66$858,163$0$0$461,483
67$877,566$0$0$463,371
68$896,803$0$0$473,242
69$915,788$0$0$482,942
70$934,426$0$0$492,417
71$952,610$0$0$501,605
72$970,219$0$0$510,438
73$987,118$0$0$518,838
74$1,003,156$0$0$526,720
75$1,018,163$0$0$533,986
76$1,031,951$0$0$540,531
77$1,044,308$0$0$546,233
78$1,054,999$0$0$550,960
79$1,063,762$0$0$554,563
80$1,070,305$0$0$556,876
81$1,074,304$0$0$557,717
82$1,075,398$0$0$556,881
83$1,073,186$0$0$554,141
84$1,067,223$0$0$549,246
85$1,057,016$0$0$541,917
86$1,042,018$0$0$531,845
87$1,021,621$0$0$518,687
88$995,153$0$0$502,064
89$961,870$0$0$481,555
90$920,945$0$0$456,695
91$871,467$0$0$426,969
92$812,424$0$0$391,807
93$742,699$0$0$350,579
94$661,055$0$0$302,589
95$566,126$0$0$247,065
96$456,399$0$0$183,156
97$330,205$0$0$109,922
98$185,698$0$0$26,323
99$20,838$0$0$0
100$0$0$0$0