Can I retire at age 50 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$42,528$42,149$41,780$41,419$41,067$40,188
2 years$21,054$20,661$20,281$19,913$19,556$18,675
3 years$13,896$13,502$13,123$12,758$12,407$11,551
4 years$10,318$9,926$9,551$9,192$8,849$8,025
5 years$8,172$7,782$7,412$7,060$6,727$5,937
6 years$6,742$6,355$5,990$5,646$5,323$4,568
7 years$5,721$5,337$4,977$4,642$4,329$3,609
8 years$4,955$4,574$4,221$3,894$3,591$2,906
9 years$4,360$3,983$3,636$3,317$3,024$2,374
10 years$3,884$3,511$3,170$2,859$2,577$1,960
11 years$3,495$3,125$2,791$2,488$2,216$1,632
12 years$3,171$2,805$2,477$2,183$1,920$1,369
13 years$2,897$2,535$2,213$1,927$1,675$1,154
14 years$2,662$2,304$1,988$1,710$1,468$977
15 years$2,459$2,105$1,795$1,525$1,293$831
16 years$2,282$1,931$1,627$1,366$1,142$709
17 years$2,125$1,779$1,481$1,227$1,013$606
18 years$1,986$1,644$1,352$1,106$901$519
19 years$1,862$1,523$1,238$999$803$446
20 years$1,750$1,415$1,136$905$717$383
21 years$1,649$1,318$1,045$821$642$330
22 years$1,558$1,231$963$747$575$284
23 years$1,474$1,151$889$680$516$245
24 years$1,398$1,078$822$620$464$212
25 years$1,328$1,012$762$567$418$183
26 years$1,263$951$706$518$376$158
27 years$1,203$895$656$474$339$137
28 years$1,148$844$610$434$306$118
29 years$1,096$796$567$398$276$103
30 years$1,048$752$528$366$250$89
31 years$1,004$710$493$336$226$77
32 years$962$672$460$309$204$67
33 years$922$637$429$284$185$58
34 years$885$603$401$261$167$50
35 years$851$572$375$240$152$43
36 years$818$543$351$221$137$38
37 years$787$516$328$204$124$33
38 years$758$490$307$188$113$28
39 years$730$466$288$173$102$25
40 years$704$444$270$160$93$21
41 years$679$422$253$148$84$19
42 years$656$402$237$136$76$16
43 years$633$383$223$126$69$14
44 years$612$365$209$116$63$12
45 years$592$348$196$107$57$11
46 years$572$332$184$99$52$9
47 years$554$317$173$91$47$8
48 years$536$303$163$85$43$7
49 years$519$289$153$78$39$6
50 years$503$276$144$72$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $515,000, adding $5,189 every year, while hoping to spend $32,533 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: 42/31/27 Blend
49$515,000$515,000$515,000$515,000
50$572,882$545,587$537,605$592,229
51$596,702$537,706$521,000$598,738
52$621,860$528,349$502,748$602,320
53$648,460$517,408$482,760$605,571
54$676,613$504,771$460,943$608,482
55$706,440$490,318$437,197$611,041
56$738,076$473,922$411,422$613,242
57$771,665$455,450$383,511$615,079
58$807,367$434,759$353,350$616,547
59$845,356$411,700$320,825$617,646
60$885,823$386,113$285,813$618,378
61$928,975$357,831$248,186$618,751
62$975,042$326,677$207,812$618,775
63$1,024,275$292,462$164,552$618,467
64$1,076,947$254,989$118,260$617,849
65$1,133,360$214,048$68,786$616,949
66$1,193,843$169,417$15,972$615,805
67$1,258,760$120,863$0$614,463
68$1,328,508$68,139$0$624,613
69$1,403,522$10,985$0$640,355
70$1,484,282$0$0$657,214
71$1,571,314$0$0$692,693
72$1,665,196$0$0$735,056
73$1,766,563$0$0$780,849
74$1,876,112$0$0$830,394
75$1,994,609$0$0$884,044
76$2,122,898$0$0$942,189
77$2,261,905$0$0$1,005,255
78$2,412,648$0$0$1,073,713
79$2,576,248$0$0$1,148,081
80$2,753,937$0$0$1,228,926
81$2,947,070$0$0$1,316,876
82$3,157,138$0$0$1,412,619
83$3,385,781$0$0$1,516,912
84$3,634,804$0$0$1,630,590
85$3,906,193$0$0$1,754,569
86$4,202,133$0$0$1,889,861
87$4,525,032$0$0$2,037,577
88$4,877,535$0$0$2,198,941
89$5,262,559$0$0$2,375,301
90$5,683,312$0$0$2,568,139
91$6,143,327$0$0$2,779,089
92$6,646,494$0$0$3,009,949
93$7,197,094$0$0$3,262,700
94$7,799,845$0$0$3,539,523
95$8,459,939$0$0$3,842,818
96$9,183,094$0$0$4,175,231
97$9,975,609$0$0$4,539,673
98$10,844,419$0$0$4,939,354
99$11,797,164$0$0$5,377,807
100$12,842,257$0$0$5,858,922