Can I retire at age 50 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$42,363$41,986$41,618$41,258$40,907$40,701
2 years$20,972$20,581$20,203$19,836$19,480$19,271
3 years$13,842$13,450$13,072$12,709$12,359$12,155
4 years$10,278$9,887$9,513$9,156$8,814$8,617
5 years$8,140$7,752$7,383$7,033$6,701$6,509
6 years$6,716$6,330$5,966$5,624$5,302$5,118
7 years$5,698$5,316$4,958$4,624$4,312$4,135
8 years$4,936$4,557$4,205$3,879$3,577$3,407
9 years$4,343$3,967$3,622$3,304$3,012$2,849
10 years$3,869$3,497$3,157$2,848$2,567$2,411
11 years$3,481$3,113$2,780$2,479$2,207$2,058
12 years$3,159$2,794$2,467$2,174$1,913$1,770
13 years$2,886$2,525$2,204$1,919$1,668$1,532
14 years$2,652$2,295$1,980$1,704$1,462$1,333
15 years$2,450$2,097$1,788$1,520$1,288$1,164
16 years$2,273$1,924$1,621$1,361$1,138$1,021
17 years$2,117$1,772$1,475$1,222$1,009$898
18 years$1,978$1,637$1,347$1,102$897$792
19 years$1,855$1,517$1,233$995$800$700
20 years$1,744$1,410$1,131$902$714$620
21 years$1,643$1,313$1,041$818$639$550
22 years$1,552$1,226$959$744$573$488
23 years$1,469$1,147$886$678$514$434
24 years$1,393$1,074$819$618$462$387
25 years$1,323$1,008$759$564$416$345
26 years$1,258$948$704$516$375$308
27 years$1,199$892$653$472$338$275
28 years$1,143$840$607$433$305$246
29 years$1,092$793$565$397$275$220
30 years$1,044$749$526$364$249$197
31 years$1,000$708$491$334$225$176
32 years$958$670$458$307$203$158
33 years$919$634$428$283$184$141
34 years$882$601$399$260$167$127
35 years$847$570$373$239$151$114
36 years$815$541$349$221$137$102
37 years$784$514$327$203$124$92
38 years$755$488$306$187$112$82
39 years$727$464$287$173$102$74
40 years$701$442$269$159$92$66
41 years$677$421$252$147$84$59
42 years$653$401$237$136$76$53
43 years$631$382$222$125$69$48
44 years$610$364$208$116$63$43
45 years$589$347$196$107$57$39
46 years$570$331$184$99$52$35
47 years$551$316$173$91$47$31
48 years$534$301$162$84$43$28
49 years$517$288$152$78$39$25
50 years$501$275$143$72$35$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $513,000, adding $3,949 every year, while hoping to spend $36,273 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: 37/44/19 Blend
49$513,000$513,000$513,000$513,000
50$569,399$542,210$534,259$587,072
51$588,884$530,185$513,562$588,203
52$609,140$516,354$490,957$585,720
53$630,209$500,591$466,340$582,283
54$652,132$482,763$439,605$577,829
55$674,958$462,726$410,640$572,288
56$698,736$440,332$379,328$565,588
57$723,519$415,421$345,548$557,656
58$749,366$387,824$309,172$548,410
59$776,339$357,365$270,067$537,770
60$804,505$323,855$228,094$525,648
61$833,937$287,097$183,107$511,954
62$864,713$246,879$134,956$496,593
63$896,919$202,981$83,481$479,467
64$930,645$155,167$28,519$460,473
65$965,992$103,192$0$439,504
66$1,003,068$46,793$0$422,556
67$1,041,990$0$0$409,973
68$1,082,884$0$0$402,809
69$1,125,891$0$0$419,124
70$1,171,159$0$0$436,323
71$1,218,853$0$0$454,472
72$1,269,152$0$0$473,642
73$1,322,249$0$0$493,911
74$1,378,357$0$0$515,364
75$1,437,707$0$0$538,094
76$1,500,551$0$0$562,202
77$1,567,166$0$0$587,800
78$1,637,853$0$0$615,010
79$1,712,941$0$0$643,962
80$1,792,790$0$0$674,805
81$1,877,796$0$0$707,695
82$1,968,391$0$0$742,808
83$2,065,046$0$0$780,335
84$2,168,280$0$0$820,485
85$2,278,661$0$0$863,488
86$2,396,811$0$0$909,596
87$2,523,412$0$0$959,085
88$2,659,214$0$0$1,012,258
89$2,805,038$0$0$1,069,447
90$2,961,785$0$0$1,131,020
91$3,130,446$0$0$1,197,376
92$3,312,107$0$0$1,268,957
93$3,507,961$0$0$1,346,246
94$3,719,319$0$0$1,429,777
95$3,947,623$0$0$1,520,133
96$4,194,456$0$0$1,617,958
97$4,461,557$0$0$1,723,959
98$4,750,839$0$0$1,838,912
99$5,064,405$0$0$1,963,673
100$5,404,568$0$0$2,099,180