Can I retire at age 50 with 512,000?

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 $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%14.3%
1 years$42,280$41,904$41,536$41,178$40,828$40,102
2 years$20,931$20,541$20,163$19,797$19,442$18,713
3 years$13,815$13,424$13,047$12,684$12,335$11,626
4 years$10,258$9,868$9,495$9,138$8,797$8,113
5 years$8,125$7,737$7,368$7,019$6,687$6,031
6 years$6,703$6,318$5,955$5,613$5,292$4,663
7 years$5,687$5,305$4,948$4,615$4,303$3,703
8 years$4,926$4,548$4,197$3,871$3,570$2,997
9 years$4,334$3,960$3,615$3,298$3,007$2,461
10 years$3,861$3,490$3,151$2,842$2,562$2,044
11 years$3,475$3,107$2,774$2,474$2,203$1,712
12 years$3,152$2,789$2,462$2,170$1,909$1,444
13 years$2,880$2,520$2,200$1,916$1,665$1,224
14 years$2,647$2,291$1,977$1,701$1,459$1,043
15 years$2,445$2,093$1,785$1,517$1,285$893
16 years$2,268$1,920$1,618$1,358$1,136$766
17 years$2,113$1,768$1,472$1,220$1,007$659
18 years$1,975$1,634$1,344$1,100$895$568
19 years$1,851$1,514$1,230$994$798$491
20 years$1,740$1,407$1,129$900$713$425
21 years$1,640$1,311$1,039$817$638$369
22 years$1,549$1,224$957$743$572$320
23 years$1,466$1,144$884$676$513$278
24 years$1,390$1,072$817$617$461$242
25 years$1,320$1,006$757$563$415$210
26 years$1,256$946$702$515$374$183
27 years$1,196$890$652$471$337$160
28 years$1,141$839$606$432$304$139
29 years$1,090$791$564$396$275$121
30 years$1,042$747$525$363$248$106
31 years$998$706$490$334$224$92
32 years$956$668$457$307$203$81
33 years$917$633$427$282$184$71
34 years$880$600$399$260$166$62
35 years$846$569$373$239$151$54
36 years$813$540$349$220$136$47
37 years$782$513$326$203$124$41
38 years$753$487$306$187$112$36
39 years$726$463$286$172$102$31
40 years$700$441$268$159$92$27
41 years$675$420$252$147$84$24
42 years$652$400$236$135$76$21
43 years$630$381$222$125$69$18
44 years$608$363$208$115$63$16
45 years$588$346$195$107$57$14
46 years$569$330$183$98$52$12
47 years$550$315$172$91$47$11
48 years$533$301$162$84$43$9
49 years$516$287$152$78$39$8
50 years$500$274$143$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $512,000, adding $3,657 every year, while hoping to spend $36,111 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: 32/39/29 Blend
49$512,000$512,000$512,000$512,000
50$567,996$540,860$532,924$581,063
51$587,510$528,941$512,355$579,497
52$607,804$515,226$489,887$574,383
53$628,919$499,592$465,418$568,176
54$650,901$481,904$438,841$560,804
55$673,796$462,021$410,046$552,195
56$697,657$439,793$378,916$542,270
57$722,538$415,063$345,329$530,947
58$748,499$387,663$309,160$518,141
59$775,604$357,417$270,275$503,764
60$803,923$324,138$228,537$487,721
61$833,530$287,628$183,800$469,916
62$864,508$247,678$135,914$450,245
63$896,942$204,069$84,722$428,603
64$930,929$156,567$30,059$404,879
65$966,571$104,927$0$378,958
66$1,003,980$48,887$0$359,467
67$1,043,278$0$0$348,028
68$1,084,596$0$0$340,331
69$1,128,078$0$0$354,337
70$1,173,880$0$0$369,120
71$1,222,173$0$0$384,737
72$1,273,140$0$0$401,254
73$1,326,985$0$0$418,739
74$1,383,928$0$0$437,269
75$1,444,209$0$0$456,928
76$1,508,091$0$0$477,806
77$1,575,861$0$0$500,003
78$1,647,833$0$0$523,628
79$1,724,349$0$0$548,801
80$1,805,787$0$0$575,652
81$1,892,555$0$0$604,324
82$1,985,106$0$0$634,974
83$2,083,931$0$0$667,775
84$2,189,571$0$0$702,914
85$2,302,618$0$0$740,599
86$2,423,722$0$0$781,056
87$2,553,595$0$0$824,534
88$2,693,019$0$0$871,308
89$2,842,851$0$0$921,676
90$3,004,033$0$0$975,969
91$3,177,599$0$0$1,034,549
92$3,364,683$0$0$1,097,814
93$3,566,534$0$0$1,166,200
94$3,784,522$0$0$1,240,189
95$4,020,151$0$0$1,320,308
96$4,275,077$0$0$1,407,139
97$4,551,120$0$0$1,501,319
98$4,850,278$0$0$1,603,551
99$5,174,750$0$0$1,714,607
100$5,526,956$0$0$1,835,337