Can I retire at age 50 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,280$41,904$41,536$41,178$40,828$40,267
2 years$20,931$20,541$20,163$19,797$19,442$18,878
3 years$13,815$13,424$13,047$12,684$12,335$11,785
4 years$10,258$9,868$9,495$9,138$8,797$8,267
5 years$8,125$7,737$7,368$7,019$6,687$6,177
6 years$6,703$6,318$5,955$5,613$5,292$4,802
7 years$5,687$5,305$4,948$4,615$4,303$3,835
8 years$4,926$4,548$4,197$3,871$3,570$3,122
9 years$4,334$3,960$3,615$3,298$3,007$2,579
10 years$3,861$3,490$3,151$2,842$2,562$2,154
11 years$3,475$3,107$2,774$2,474$2,203$1,816
12 years$3,152$2,789$2,462$2,170$1,909$1,541
13 years$2,880$2,520$2,200$1,916$1,665$1,316
14 years$2,647$2,291$1,977$1,701$1,459$1,129
15 years$2,445$2,093$1,785$1,517$1,285$972
16 years$2,268$1,920$1,618$1,358$1,136$840
17 years$2,113$1,768$1,472$1,220$1,007$728
18 years$1,975$1,634$1,344$1,100$895$633
19 years$1,851$1,514$1,230$994$798$551
20 years$1,740$1,407$1,129$900$713$480
21 years$1,640$1,311$1,039$817$638$419
22 years$1,549$1,224$957$743$572$367
23 years$1,466$1,144$884$676$513$321
24 years$1,390$1,072$817$617$461$282
25 years$1,320$1,006$757$563$415$247
26 years$1,256$946$702$515$374$217
27 years$1,196$890$652$471$337$190
28 years$1,141$839$606$432$304$167
29 years$1,090$791$564$396$275$147
30 years$1,042$747$525$363$248$130
31 years$998$706$490$334$224$114
32 years$956$668$457$307$203$100
33 years$917$633$427$282$184$88
34 years$880$600$399$260$166$78
35 years$846$569$373$239$151$69
36 years$813$540$349$220$136$60
37 years$782$513$326$203$124$53
38 years$753$487$306$187$112$47
39 years$726$463$286$172$102$41
40 years$700$441$268$159$92$37
41 years$675$420$252$147$84$32
42 years$652$400$236$135$76$28
43 years$630$381$222$125$69$25
44 years$608$363$208$115$63$22
45 years$588$346$195$107$57$20
46 years$569$330$183$98$52$17
47 years$550$315$172$91$47$15
48 years$533$301$162$84$43$13
49 years$516$287$152$78$39$12
50 years$500$274$143$72$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $512,000, adding $6,302 every year, while hoping to spend $37,949 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: 61/30/9 Blend
49$512,000$512,000$512,000$512,000
50$570,725$543,589$535,653$604,024
51$588,561$529,847$513,219$613,350
52$606,945$514,160$488,763$618,598
53$625,892$496,393$462,175$623,375
54$645,418$476,401$433,344$627,636
55$665,541$454,034$402,150$631,334
56$686,275$429,132$368,472$634,418
57$707,640$401,524$332,180$636,835
58$729,651$371,031$293,140$638,526
59$752,328$337,463$251,213$639,433
60$775,688$300,621$206,250$639,489
61$799,748$260,292$158,100$638,628
62$824,529$216,253$106,603$636,775
63$850,048$168,266$51,591$633,854
64$876,325$116,083$0$629,784
65$903,379$59,440$0$625,160
66$931,228$0$0$624,538
67$959,893$0$0$623,521
68$989,393$0$0$642,666
69$1,019,747$0$0$662,365
70$1,050,974$0$0$682,627
71$1,083,093$0$0$703,467
72$1,116,124$0$0$724,896
73$1,150,084$0$0$746,925
74$1,184,992$0$0$769,566
75$1,220,865$0$0$792,830
76$1,257,719$0$0$816,726
77$1,295,571$0$0$841,266
78$1,334,435$0$0$866,457
79$1,374,325$0$0$892,309
80$1,415,252$0$0$918,827
81$1,457,228$0$0$946,020
82$1,500,260$0$0$973,889
83$1,544,355$0$0$1,002,441
84$1,589,516$0$0$1,031,674
85$1,635,744$0$0$1,061,589
86$1,683,037$0$0$1,092,184
87$1,731,387$0$0$1,123,451
88$1,780,785$0$0$1,155,384
89$1,831,214$0$0$1,187,970
90$1,882,654$0$0$1,221,194
91$1,935,077$0$0$1,255,037
92$1,988,450$0$0$1,289,474
93$2,042,731$0$0$1,324,476
94$2,097,869$0$0$1,360,007
95$2,153,805$0$0$1,396,026
96$2,210,468$0$0$1,432,485
97$2,267,776$0$0$1,469,325
98$2,325,632$0$0$1,506,480
99$2,383,925$0$0$1,543,875
100$2,442,528$0$0$1,581,422