Can I retire at age 50 with 516,000?

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 $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%14.3%
1 years$42,611$42,231$41,861$41,499$41,147$40,415
2 years$21,094$20,702$20,321$19,952$19,594$18,859
3 years$13,923$13,529$13,149$12,783$12,431$11,716
4 years$10,338$9,945$9,569$9,210$8,866$8,177
5 years$8,188$7,797$7,426$7,074$6,740$6,078
6 years$6,755$6,367$6,001$5,657$5,333$4,699
7 years$5,732$5,347$4,987$4,651$4,337$3,732
8 years$4,965$4,583$4,229$3,902$3,598$3,021
9 years$4,368$3,991$3,643$3,323$3,030$2,481
10 years$3,891$3,517$3,176$2,865$2,582$2,060
11 years$3,502$3,131$2,796$2,493$2,220$1,725
12 years$3,177$2,811$2,481$2,187$1,924$1,455
13 years$2,903$2,540$2,217$1,931$1,678$1,234
14 years$2,668$2,309$1,992$1,714$1,471$1,052
15 years$2,464$2,109$1,798$1,528$1,295$900
16 years$2,286$1,935$1,631$1,369$1,145$772
17 years$2,129$1,782$1,484$1,230$1,015$664
18 years$1,990$1,647$1,354$1,108$902$573
19 years$1,866$1,526$1,240$1,001$804$495
20 years$1,754$1,418$1,138$907$718$429
21 years$1,653$1,321$1,047$823$643$372
22 years$1,561$1,233$965$748$576$322
23 years$1,477$1,153$891$682$517$280
24 years$1,401$1,081$824$622$465$244
25 years$1,330$1,014$763$568$418$212
26 years$1,266$953$708$519$377$185
27 years$1,206$897$657$475$340$161
28 years$1,150$845$611$435$307$140
29 years$1,098$797$568$399$277$122
30 years$1,050$753$529$366$250$107
31 years$1,005$712$494$336$226$93
32 years$963$674$461$309$205$81
33 years$924$638$430$284$185$71
34 years$887$605$402$262$168$62
35 years$852$573$376$241$152$54
36 years$820$544$351$222$138$47
37 years$789$517$329$204$125$41
38 years$759$491$308$188$113$36
39 years$732$467$289$174$102$32
40 years$705$444$270$160$93$28
41 years$681$423$254$148$84$24
42 years$657$403$238$136$77$21
43 years$634$384$223$126$69$19
44 years$613$366$210$116$63$16
45 years$593$349$197$107$57$14
46 years$573$333$185$99$52$12
47 years$555$318$174$92$47$11
48 years$537$303$163$85$43$9
49 years$520$290$153$78$39$8
50 years$504$277$144$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $516,000, adding $2,534 every year, while hoping to spend $34,922 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: 53/25/22 Blend
49$516,000$516,000$516,000$516,000
50$571,246$543,898$535,900$597,934
51$592,356$533,392$516,696$606,072
52$614,449$521,201$495,678$611,086
53$637,589$507,205$472,749$615,806
54$661,843$491,279$447,806$620,216
55$687,286$473,287$420,743$624,300
56$714,000$453,089$391,448$628,042
57$742,072$430,534$359,806$631,429
58$771,598$405,464$325,693$634,447
59$802,680$377,712$288,984$637,083
60$835,433$347,099$249,544$639,328
61$869,980$313,439$207,237$641,173
62$906,454$276,534$161,916$642,610
63$945,003$236,175$113,430$643,638
64$985,785$192,139$61,622$644,254
65$1,028,976$144,194$6,326$644,463
66$1,074,764$92,093$0$644,272
67$1,123,360$35,576$0$656,060
68$1,174,990$0$0$669,867
69$1,229,903$0$0$691,328
70$1,288,372$0$0$724,627
71$1,350,695$0$0$760,149
72$1,417,199$0$0$798,086
73$1,488,241$0$0$838,645
74$1,564,213$0$0$882,054
75$1,645,546$0$0$928,564
76$1,732,711$0$0$978,449
77$1,826,226$0$0$1,032,010
78$1,926,658$0$0$1,089,578
79$2,034,629$0$0$1,151,515
80$2,150,825$0$0$1,218,220
81$2,275,995$0$0$1,290,130
82$2,410,965$0$0$1,367,727
83$2,556,641$0$0$1,451,537
84$2,714,018$0$0$1,542,141
85$2,884,190$0$0$1,640,177
86$3,068,360$0$0$1,746,346
87$3,267,850$0$0$1,861,419
88$3,484,113$0$0$1,986,242
89$3,718,748$0$0$2,121,750
90$3,973,512$0$0$2,268,965
91$4,250,339$0$0$2,429,017
92$4,551,355$0$0$2,603,145
93$4,878,901$0$0$2,792,715
94$5,235,550$0$0$2,999,228
95$5,624,136$0$0$3,224,339
96$6,047,777$0$0$3,469,865
97$6,509,903$0$0$3,737,809
98$7,014,292$0$0$4,030,374
99$7,565,100$0$0$4,349,988
100$8,166,904$0$0$4,699,320