Can I retire at age 50 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,446$42,068$41,699$41,339$40,987$40,593
2 years$21,013$20,621$20,242$19,874$19,518$19,121
3 years$13,869$13,476$13,098$12,734$12,383$11,995
4 years$10,298$9,906$9,532$9,174$8,832$8,456
5 years$8,156$7,767$7,397$7,046$6,714$6,352
6 years$6,729$6,342$5,978$5,635$5,312$4,964
7 years$5,709$5,326$4,968$4,633$4,320$3,986
8 years$4,945$4,566$4,213$3,886$3,584$3,264
9 years$4,351$3,975$3,629$3,310$3,018$2,713
10 years$3,876$3,504$3,164$2,854$2,572$2,280
11 years$3,488$3,119$2,785$2,483$2,212$1,933
12 years$3,165$2,800$2,472$2,178$1,917$1,652
13 years$2,891$2,530$2,208$1,923$1,671$1,419
14 years$2,657$2,300$1,984$1,707$1,465$1,226
15 years$2,454$2,101$1,791$1,522$1,290$1,063
16 years$2,277$1,928$1,624$1,363$1,140$925
17 years$2,121$1,775$1,478$1,225$1,011$807
18 years$1,982$1,640$1,349$1,104$899$706
19 years$1,858$1,520$1,235$997$801$619
20 years$1,747$1,413$1,134$903$716$544
21 years$1,646$1,316$1,043$820$640$479
22 years$1,555$1,228$961$745$574$422
23 years$1,472$1,149$887$679$515$372
24 years$1,395$1,076$821$619$463$329
25 years$1,325$1,010$760$565$417$291
26 years$1,261$949$705$517$375$257
27 years$1,201$893$655$473$338$228
28 years$1,146$842$608$434$305$202
29 years$1,094$794$566$398$276$179
30 years$1,046$750$527$365$249$159
31 years$1,002$709$492$335$225$141
32 years$960$671$459$308$204$125
33 years$920$635$428$283$184$111
34 years$884$602$400$261$167$99
35 years$849$571$374$240$151$88
36 years$816$542$350$221$137$78
37 years$786$515$328$204$124$69
38 years$756$489$307$188$113$62
39 years$729$465$287$173$102$55
40 years$703$443$269$160$93$49
41 years$678$421$253$147$84$43
42 years$654$401$237$136$76$39
43 years$632$382$222$125$69$34
44 years$611$364$209$116$63$30
45 years$590$348$196$107$57$27
46 years$571$332$184$99$52$24
47 years$553$316$173$91$47$21
48 years$535$302$163$84$43$19
49 years$518$288$153$78$39$17
50 years$502$276$144$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $514,000, adding $6,035 every year, while hoping to spend $25,433 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: 54/40/6 Blend
49$514,000$514,000$514,000$514,000
50$572,653$545,411$537,444$602,478
51$604,003$545,076$528,388$622,985
52$637,699$543,872$518,176$641,963
53$673,952$541,729$506,743$661,996
54$712,996$538,575$494,020$683,187
55$755,087$534,330$479,935$705,652
56$800,506$528,913$464,413$729,518
57$849,562$522,234$447,375$754,929
58$902,596$514,202$428,741$782,041
59$959,980$504,717$408,423$811,030
60$1,022,124$493,675$386,332$842,092
61$1,089,481$480,965$362,373$875,442
62$1,162,545$466,470$336,450$911,320
63$1,241,864$450,065$308,460$949,994
64$1,328,035$431,620$278,295$991,758
65$1,421,721$410,996$245,844$1,036,940
66$1,523,647$388,044$210,990$1,085,903
67$1,634,612$362,612$173,611$1,139,051
68$1,755,495$334,532$133,580$1,196,829
69$1,887,264$303,633$90,764$1,259,732
70$2,030,984$269,730$45,023$1,328,309
71$2,187,826$232,629$0$1,403,167
72$2,359,082$192,125$0$1,485,220
73$2,546,171$148,002$0$1,578,063
74$2,750,656$100,030$0$1,679,643
75$2,974,259$47,967$0$1,790,886
76$3,218,876$0$0$1,912,810
77$3,486,592$0$0$2,050,260
78$3,779,707$0$0$2,223,913
79$4,100,749$0$0$2,414,162
80$4,452,507$0$0$2,622,663
81$4,838,049$0$0$2,851,243
82$5,260,754$0$0$3,101,911
83$5,724,346$0$0$3,376,883
84$6,232,925$0$0$3,678,597
85$6,791,007$0$0$4,009,740
86$7,403,566$0$0$4,373,271
87$8,076,083$0$0$4,772,450
88$8,814,593$0$0$5,210,868
89$9,625,745$0$0$5,692,481
90$10,516,865$0$0$6,221,647
91$11,496,022$0$0$6,803,167
92$12,572,106$0$0$7,442,330
93$13,754,910$0$0$8,144,962
94$15,055,225$0$0$8,917,483
95$16,484,937$0$0$9,766,966
96$18,057,142$0$0$10,701,204
97$19,786,272$0$0$11,728,781
98$21,688,222$0$0$12,859,156
99$23,780,510$0$0$14,102,752
100$26,082,434$0$0$15,471,051