Can I retire at age 50 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$42,693$42,313$41,942$41,580$41,226$40,067
2 years$21,135$20,742$20,360$19,990$19,632$18,473
3 years$13,950$13,555$13,174$12,808$12,455$11,333
4 years$10,358$9,964$9,588$9,227$8,883$7,806
5 years$8,204$7,812$7,440$7,088$6,753$5,723
6 years$6,768$6,379$6,013$5,668$5,343$4,363
7 years$5,743$5,357$4,997$4,660$4,345$3,414
8 years$4,974$4,592$4,238$3,909$3,605$2,722
9 years$4,377$3,998$3,650$3,330$3,036$2,201
10 years$3,899$3,524$3,182$2,870$2,587$1,798
11 years$3,508$3,137$2,801$2,498$2,225$1,481
12 years$3,183$2,816$2,486$2,191$1,928$1,228
13 years$2,908$2,545$2,221$1,934$1,681$1,024
14 years$2,673$2,313$1,996$1,717$1,474$857
15 years$2,469$2,113$1,802$1,531$1,298$720
16 years$2,291$1,939$1,634$1,371$1,147$607
17 years$2,133$1,786$1,487$1,232$1,017$512
18 years$1,994$1,650$1,357$1,110$904$433
19 years$1,869$1,529$1,242$1,003$806$367
20 years$1,757$1,421$1,140$909$720$312
21 years$1,656$1,324$1,049$825$644$265
22 years$1,564$1,235$967$750$577$225
23 years$1,480$1,156$892$683$518$192
24 years$1,403$1,083$825$623$466$163
25 years$1,333$1,016$764$569$419$139
26 years$1,268$955$709$520$378$119
27 years$1,208$899$658$476$340$101
28 years$1,152$847$612$436$307$87
29 years$1,101$799$570$400$277$74
30 years$1,052$754$531$367$251$63
31 years$1,007$713$495$337$227$54
32 years$965$675$461$310$205$46
33 years$926$639$431$285$185$39
34 years$889$606$403$262$168$34
35 years$854$574$376$241$152$29
36 years$821$545$352$222$138$25
37 years$790$518$330$205$125$21
38 years$761$492$309$189$113$18
39 years$733$468$289$174$103$15
40 years$707$445$271$161$93$13
41 years$682$424$254$148$85$11
42 years$658$404$238$137$77$10
43 years$636$385$224$126$70$8
44 years$614$367$210$116$63$7
45 years$594$350$197$108$57$6
46 years$574$334$185$99$52$5
47 years$556$318$174$92$47$4
48 years$538$304$163$85$43$4
49 years$521$290$154$78$39$3
50 years$505$277$144$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $517,000, adding $6,746 every year, while hoping to spend $35,009 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: 61/20/19 Blend
49$517,000$517,000$517,000$517,000
50$576,692$549,291$541,278$608,648
51$598,266$538,957$522,162$620,694
52$620,866$526,944$501,231$629,348
53$644,562$513,131$478,390$637,988
54$669,426$497,393$453,534$646,617
55$695,538$479,596$426,558$655,240
56$722,985$459,599$397,351$663,864
57$751,862$437,251$365,794$672,498
58$782,271$412,396$331,767$681,154
59$814,324$384,864$295,143$689,847
60$848,142$354,480$255,787$698,595
61$883,859$321,056$213,562$707,423
62$921,619$284,394$168,323$716,356
63$961,579$244,285$119,918$725,428
64$1,003,914$200,508$68,188$734,677
65$1,048,811$152,831$12,970$744,149
66$1,096,475$101,005$0$753,898
67$1,147,134$44,772$0$773,301
68$1,201,032$0$0$796,525
69$1,258,439$0$0$824,610
70$1,319,652$0$0$865,087
71$1,384,993$0$0$908,317
72$1,454,818$0$0$954,539
73$1,529,513$0$0$1,004,014
74$1,609,507$0$0$1,057,026
75$1,695,265$0$0$1,113,889
76$1,787,301$0$0$1,174,948
77$1,886,176$0$0$1,240,579
78$1,992,509$0$0$1,311,196
79$2,106,977$0$0$1,387,255
80$2,230,324$0$0$1,469,255
81$2,363,368$0$0$1,557,745
82$2,507,008$0$0$1,653,328
83$2,662,231$0$0$1,756,665
84$2,830,120$0$0$1,868,486
85$3,011,869$0$0$1,989,592
86$3,208,789$0$0$2,120,861
87$3,422,320$0$0$2,263,262
88$3,654,047$0$0$2,417,859
89$3,905,714$0$0$2,585,823
90$4,179,239$0$0$2,768,442
91$4,476,730$0$0$2,967,132
92$4,800,507$0$0$3,183,452
93$5,153,126$0$0$3,419,118
94$5,537,395$0$0$3,676,016
95$5,956,407$0$0$3,956,225
96$6,413,566$0$0$4,262,031
97$6,912,617$0$0$4,595,950
98$7,457,684$0$0$4,960,753
99$8,053,308$0$0$5,359,492
100$8,704,487$0$0$5,795,522