Can I retire at age 50 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$42,033$41,658$41,293$40,937$40,588$39,305
2 years$20,808$20,421$20,045$19,681$19,328$18,046
3 years$13,734$13,345$12,971$12,610$12,262$11,023
4 years$10,198$9,810$9,439$9,085$8,746$7,558
5 years$8,077$7,691$7,325$6,978$6,648$5,516
6 years$6,663$6,280$5,920$5,580$5,261$4,184
7 years$5,654$5,274$4,919$4,588$4,278$3,257
8 years$4,897$4,521$4,172$3,849$3,549$2,583
9 years$4,309$3,936$3,593$3,278$2,989$2,077
10 years$3,839$3,470$3,133$2,826$2,547$1,688
11 years$3,454$3,089$2,758$2,459$2,190$1,382
12 years$3,134$2,772$2,448$2,157$1,898$1,139
13 years$2,863$2,505$2,187$1,904$1,655$944
14 years$2,631$2,277$1,965$1,691$1,451$785
15 years$2,431$2,080$1,774$1,508$1,277$656
16 years$2,255$1,909$1,608$1,350$1,129$549
17 years$2,100$1,758$1,464$1,213$1,001$460
18 years$1,963$1,624$1,336$1,093$890$387
19 years$1,840$1,505$1,223$988$793$326
20 years$1,730$1,399$1,123$895$709$275
21 years$1,630$1,303$1,033$812$634$232
22 years$1,540$1,216$952$738$568$196
23 years$1,457$1,138$879$672$510$165
24 years$1,382$1,066$813$613$459$140
25 years$1,312$1,000$753$560$413$118
26 years$1,248$940$698$512$372$100
27 years$1,189$885$648$469$335$85
28 years$1,134$834$603$429$302$72
29 years$1,084$787$561$394$273$61
30 years$1,036$743$522$361$247$52
31 years$992$702$487$332$223$44
32 years$950$664$454$305$202$37
33 years$912$629$424$280$183$32
34 years$875$596$396$258$165$27
35 years$841$566$371$238$150$23
36 years$808$537$347$219$136$19
37 years$778$510$324$202$123$16
38 years$749$485$304$186$111$14
39 years$722$461$285$171$101$12
40 years$696$438$267$158$92$10
41 years$671$417$250$146$83$8
42 years$648$397$235$135$75$7
43 years$626$379$220$124$69$6
44 years$605$361$207$115$62$5
45 years$585$344$194$106$56$4
46 years$565$328$182$98$51$4
47 years$547$313$171$90$47$3
48 years$530$299$161$84$42$3
49 years$513$286$151$77$38$2
50 years$497$273$142$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $509,000, adding $3,398 every year, while hoping to spend $37,273 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: 83/5/12 Blend
49$509,000$509,000$509,000$509,000
50$564,423$537,446$529,557$609,800
51$582,336$524,123$507,638$626,701
52$600,827$508,897$483,737$639,965
53$619,915$491,637$457,746$653,413
54$639,621$472,202$429,555$667,043
55$659,967$450,444$399,049$680,852
56$680,973$426,205$366,107$694,838
57$702,663$399,320$330,602$708,996
58$725,060$369,613$292,404$723,324
59$748,190$336,898$251,373$737,817
60$772,079$300,979$207,367$752,471
61$796,752$261,648$160,235$767,281
62$822,239$218,687$109,821$782,243
63$848,568$171,863$55,961$797,349
64$875,770$120,933$0$812,596
65$903,878$65,637$0$828,170
66$932,923$5,704$0$851,530
67$962,943$0$0$875,520
68$993,972$0$0$903,412
69$1,026,050$0$0$932,572
70$1,059,217$0$0$962,722
71$1,093,514$0$0$993,901
72$1,128,987$0$0$1,026,148
73$1,165,683$0$0$1,059,507
74$1,203,649$0$0$1,094,023
75$1,242,939$0$0$1,129,743
76$1,283,607$0$0$1,166,715
77$1,325,711$0$0$1,204,994
78$1,369,311$0$0$1,244,635
79$1,414,472$0$0$1,285,695
80$1,461,262$0$0$1,328,239
81$1,509,754$0$0$1,372,331
82$1,560,025$0$0$1,418,041
83$1,612,157$0$0$1,465,445
84$1,666,235$0$0$1,514,621
85$1,722,353$0$0$1,565,653
86$1,780,610$0$0$1,618,632
87$1,841,109$0$0$1,673,652
88$1,903,965$0$0$1,730,818
89$1,969,295$0$0$1,790,238
90$2,037,231$0$0$1,852,029
91$2,107,908$0$0$1,916,317
92$2,181,475$0$0$1,983,237
93$2,258,090$0$0$2,052,934
94$2,337,924$0$0$2,125,563
95$2,421,161$0$0$2,201,292
96$2,507,999$0$0$2,280,301
97$2,598,650$0$0$2,362,786
98$2,693,345$0$0$2,448,956
99$2,792,332$0$0$2,539,037
100$2,895,880$0$0$2,633,276