Can I retire at age 50 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$42,115$41,740$41,374$41,017$40,668$39,163
2 years$20,849$20,461$20,085$19,720$19,366$17,866
3 years$13,761$13,371$12,996$12,635$12,286$10,840
4 years$10,218$9,829$9,458$9,103$8,763$7,380
5 years$8,093$7,706$7,340$6,992$6,661$5,346
6 years$6,676$6,293$5,932$5,591$5,271$4,024
7 years$5,665$5,285$4,929$4,597$4,287$3,108
8 years$4,907$4,530$4,180$3,856$3,556$2,445
9 years$4,317$3,944$3,600$3,285$2,995$1,949
10 years$3,846$3,477$3,139$2,831$2,552$1,569
11 years$3,461$3,095$2,764$2,464$2,195$1,274
12 years$3,140$2,778$2,453$2,161$1,902$1,040
13 years$2,869$2,510$2,191$1,908$1,658$854
14 years$2,637$2,282$1,969$1,694$1,454$703
15 years$2,435$2,085$1,778$1,511$1,280$581
16 years$2,259$1,913$1,612$1,353$1,131$482
17 years$2,104$1,761$1,466$1,215$1,003$400
18 years$1,967$1,628$1,339$1,095$892$333
19 years$1,844$1,508$1,226$990$795$277
20 years$1,733$1,402$1,125$896$710$231
21 years$1,633$1,306$1,035$813$635$193
22 years$1,543$1,219$953$740$570$161
23 years$1,460$1,140$880$674$511$135
24 years$1,384$1,068$814$614$460$113
25 years$1,315$1,002$754$561$414$94
26 years$1,251$942$699$513$372$79
27 years$1,192$887$649$470$336$66
28 years$1,137$835$604$430$303$55
29 years$1,086$788$562$395$274$46
30 years$1,038$744$523$362$247$39
31 years$994$704$488$333$224$33
32 years$952$666$455$306$202$27
33 years$913$630$425$281$183$23
34 years$877$598$397$259$166$19
35 years$842$567$371$238$150$16
36 years$810$538$347$219$136$14
37 years$779$511$325$202$123$11
38 years$751$486$304$186$112$10
39 years$723$462$285$172$101$8
40 years$697$439$267$158$92$7
41 years$673$418$251$146$83$6
42 years$649$398$235$135$76$5
43 years$627$379$221$124$69$4
44 years$606$362$207$115$62$3
45 years$586$345$194$106$57$3
46 years$567$329$183$98$51$2
47 years$548$314$172$91$47$2
48 years$531$300$161$84$42$2
49 years$514$286$152$77$38$1
50 years$498$273$143$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $510,000, adding $6,133 every year, while hoping to spend $34,352 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: 35/37/28 Blend
49$510,000$510,000$510,000$510,000
50$568,346$541,316$533,411$583,271
51$589,767$531,290$514,730$584,946
52$612,222$519,622$494,272$583,230
53$635,779$506,194$471,941$580,718
54$660,515$490,884$447,637$577,360
55$686,509$473,559$421,255$573,107
56$713,852$454,082$392,686$567,909
57$742,639$432,307$361,815$561,712
58$772,976$408,077$328,523$554,463
59$804,977$381,230$292,686$546,105
60$838,766$351,592$254,172$536,582
61$874,479$318,979$212,847$525,836
62$912,266$283,199$168,566$513,808
63$952,287$244,046$121,183$500,439
64$994,720$201,303$70,543$485,667
65$1,039,758$154,744$16,482$469,431
66$1,087,612$104,125$0$451,672
67$1,138,514$49,193$0$444,641
68$1,192,718$0$0$442,020
69$1,250,499$0$0$443,079
70$1,312,162$0$0$465,626
71$1,378,039$0$0$489,760
72$1,448,495$0$0$515,619
73$1,523,929$0$0$543,358
74$1,604,779$0$0$573,142
75$1,691,527$0$0$605,158
76$1,784,699$0$0$639,605
77$1,884,874$0$0$676,707
78$1,992,689$0$0$716,707
79$2,108,842$0$0$759,873
80$2,234,097$0$0$806,499
81$2,369,299$0$0$856,908
82$2,515,373$0$0$911,455
83$2,673,334$0$0$970,531
84$2,844,301$0$0$1,034,565
85$3,029,504$0$0$1,104,029
86$3,230,291$0$0$1,179,443
87$3,448,151$0$0$1,261,377
88$3,684,715$0$0$1,350,460
89$3,941,782$0$0$1,447,382
90$4,221,328$0$0$1,552,905
91$4,525,529$0$0$1,667,865
92$4,856,778$0$0$1,793,182
93$5,217,708$0$0$1,929,870
94$5,611,217$0$0$2,079,045
95$6,040,495$0$0$2,241,933
96$6,509,053$0$0$2,419,888
97$7,020,755$0$0$2,614,396
98$7,579,855$0$0$2,827,095
99$8,191,039$0$0$3,059,790
100$8,859,460$0$0$3,314,466