Can I retire at age 50 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$42,611$42,231$41,861$41,499$41,147$39,941
2 years$21,094$20,702$20,321$19,952$19,594$18,389
3 years$13,923$13,529$13,149$12,783$12,431$11,265
4 years$10,338$9,945$9,569$9,210$8,866$7,747
5 years$8,188$7,797$7,426$7,074$6,740$5,672
6 years$6,755$6,367$6,001$5,657$5,333$4,316
7 years$5,732$5,347$4,987$4,651$4,337$3,372
8 years$4,965$4,583$4,229$3,902$3,598$2,684
9 years$4,368$3,991$3,643$3,323$3,030$2,166
10 years$3,891$3,517$3,176$2,865$2,582$1,766
11 years$3,502$3,131$2,796$2,493$2,220$1,452
12 years$3,177$2,811$2,481$2,187$1,924$1,202
13 years$2,903$2,540$2,217$1,931$1,678$1,000
14 years$2,668$2,309$1,992$1,714$1,471$835
15 years$2,464$2,109$1,798$1,528$1,295$700
16 years$2,286$1,935$1,631$1,369$1,145$589
17 years$2,129$1,782$1,484$1,230$1,015$496
18 years$1,990$1,647$1,354$1,108$902$419
19 years$1,866$1,526$1,240$1,001$804$354
20 years$1,754$1,418$1,138$907$718$300
21 years$1,653$1,321$1,047$823$643$254
22 years$1,561$1,233$965$748$576$216
23 years$1,477$1,153$891$682$517$183
24 years$1,401$1,081$824$622$465$156
25 years$1,330$1,014$763$568$418$132
26 years$1,266$953$708$519$377$113
27 years$1,206$897$657$475$340$96
28 years$1,150$845$611$435$307$82
29 years$1,098$797$568$399$277$70
30 years$1,050$753$529$366$250$59
31 years$1,005$712$494$336$226$51
32 years$963$674$461$309$205$43
33 years$924$638$430$284$185$37
34 years$887$605$402$262$168$31
35 years$852$573$376$241$152$27
36 years$820$544$351$222$138$23
37 years$789$517$329$204$125$19
38 years$759$491$308$188$113$17
39 years$732$467$289$174$102$14
40 years$705$444$270$160$93$12
41 years$681$423$254$148$84$10
42 years$657$403$238$136$77$9
43 years$634$384$223$126$69$7
44 years$613$366$210$116$63$6
45 years$593$349$197$107$57$5
46 years$573$333$185$99$52$5
47 years$555$318$174$92$47$4
48 years$537$303$163$85$43$3
49 years$520$290$153$78$39$3
50 years$504$277$144$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $516,000, adding $4,944 every year, while hoping to spend $24,239 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: 88/6/6 Blend
49$516,000$516,000$516,000$516,000
50$573,732$546,384$538,386$623,674
51$606,462$547,366$530,632$657,921
52$641,719$547,585$521,805$691,655
53$679,734$546,976$511,845$727,944
54$720,762$545,473$500,687$767,026
55$765,083$543,005$488,264$809,166
56$813,005$539,496$474,504$854,652
57$864,867$534,866$459,336$903,804
58$921,040$529,031$442,680$956,971
59$981,934$521,901$424,457$1,014,539
60$1,047,997$513,381$404,582$1,076,935
61$1,119,725$503,368$382,968$1,144,625
62$1,197,661$491,758$359,522$1,218,125
63$1,282,404$478,436$334,148$1,298,001
64$1,374,613$463,282$306,745$1,384,880
65$1,475,010$446,170$277,208$1,479,448
66$1,584,394$426,966$245,427$1,582,464
67$1,703,642$405,526$211,289$1,694,762
68$1,833,719$381,702$174,672$1,817,261
69$1,975,687$355,335$135,452$1,950,975
70$2,130,716$326,255$93,499$2,097,019
71$2,300,094$294,286$48,676$2,256,621
72$2,485,237$259,240$840$2,431,137
73$2,687,707$220,919$0$2,622,058
74$2,909,222$179,112$0$2,834,241
75$3,151,673$133,599$0$3,066,550
76$3,417,144$84,146$0$3,320,937
77$3,707,929$30,506$0$3,599,611
78$4,026,555$0$0$3,905,005
79$4,375,804$0$0$4,241,621
80$4,758,740$0$0$4,612,919
81$5,178,739$0$0$5,020,156
82$5,639,518$0$0$5,466,939
83$6,145,171$0$0$5,957,237
84$6,700,209$0$0$6,495,425
85$7,309,601$0$0$7,086,320
86$7,978,818$0$0$7,735,229
87$8,713,890$0$0$8,448,000
88$9,521,459$0$0$9,231,073
89$10,408,840$0$0$10,091,542
90$11,384,094$0$0$11,037,225
91$12,456,101$0$0$12,076,731
92$13,634,643$0$0$13,219,550
93$14,930,500$0$0$14,476,132
94$16,355,545$0$0$15,857,994
95$17,922,862$0$0$17,377,822
96$19,646,866$0$0$19,049,596
97$21,543,438$0$0$20,888,716
98$23,630,077$0$0$22,912,153
99$25,926,063$0$0$25,138,603
100$28,452,640$0$0$27,588,668