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%15.3%
1 years$42,693$42,313$41,942$41,580$41,226$40,328
2 years$21,135$20,742$20,360$19,990$19,632$18,731
3 years$13,950$13,555$13,174$12,808$12,455$11,580
4 years$10,358$9,964$9,588$9,227$8,883$8,041
5 years$8,204$7,812$7,440$7,088$6,753$5,946
6 years$6,768$6,379$6,013$5,668$5,343$4,572
7 years$5,743$5,357$4,997$4,660$4,345$3,610
8 years$4,974$4,592$4,238$3,909$3,605$2,906
9 years$4,377$3,998$3,650$3,330$3,036$2,372
10 years$3,899$3,524$3,182$2,870$2,587$1,957
11 years$3,508$3,137$2,801$2,498$2,225$1,629
12 years$3,183$2,816$2,486$2,191$1,928$1,365
13 years$2,908$2,545$2,221$1,934$1,681$1,150
14 years$2,673$2,313$1,996$1,717$1,474$973
15 years$2,469$2,113$1,802$1,531$1,298$827
16 years$2,291$1,939$1,634$1,371$1,147$705
17 years$2,133$1,786$1,487$1,232$1,017$602
18 years$1,994$1,650$1,357$1,110$904$515
19 years$1,869$1,529$1,242$1,003$806$442
20 years$1,757$1,421$1,140$909$720$380
21 years$1,656$1,324$1,049$825$644$327
22 years$1,564$1,235$967$750$577$281
23 years$1,480$1,156$892$683$518$243
24 years$1,403$1,083$825$623$466$209
25 years$1,333$1,016$764$569$419$181
26 years$1,268$955$709$520$378$156
27 years$1,208$899$658$476$340$135
28 years$1,152$847$612$436$307$117
29 years$1,101$799$570$400$277$101
30 years$1,052$754$531$367$251$87
31 years$1,007$713$495$337$227$76
32 years$965$675$461$310$205$66
33 years$926$639$431$285$185$57
34 years$889$606$403$262$168$49
35 years$854$574$376$241$152$43
36 years$821$545$352$222$138$37
37 years$790$518$330$205$125$32
38 years$761$492$309$189$113$28
39 years$733$468$289$174$103$24
40 years$707$445$271$161$93$21
41 years$682$424$254$148$85$18
42 years$658$404$238$137$77$16
43 years$636$385$224$126$70$14
44 years$614$367$210$116$63$12
45 years$594$350$197$108$57$10
46 years$574$334$185$99$52$9
47 years$556$318$174$92$47$8
48 years$538$304$163$85$43$7
49 years$521$290$154$78$39$6
50 years$505$277$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 $517,000, adding $2,373 every year, while hoping to spend $29,976 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: 53/24/23 Blend
49$517,000$517,000$517,000$517,000
50$572,182$544,781$536,767$598,755
51$598,650$539,581$522,855$612,123
52$626,813$533,121$507,471$623,363
53$656,813$525,309$490,537$634,968
54$688,804$516,045$471,965$646,985
55$722,955$505,224$451,669$659,463
56$759,452$492,736$429,556$672,463
57$798,499$478,463$405,529$686,050
58$840,319$462,280$379,487$700,300
59$885,155$444,056$351,324$715,296
60$933,278$423,651$320,930$731,135
61$984,981$400,919$288,189$747,925
62$1,040,587$375,702$252,982$765,786
63$1,100,453$347,837$215,182$784,854
64$1,164,966$317,149$174,659$805,282
65$1,234,557$283,453$131,274$827,242
66$1,309,695$246,556$84,885$850,925
67$1,390,898$206,251$35,342$876,546
68$1,478,732$162,320$0$904,345
69$1,573,824$114,535$0$938,892
70$1,676,860$62,652$0$985,720
71$1,788,593$6,417$0$1,036,525
72$1,909,856$0$0$1,091,721
73$2,041,561$0$0$1,166,148
74$2,184,711$0$0$1,248,930
75$2,340,413$0$0$1,339,016
76$2,509,881$0$0$1,437,116
77$2,694,454$0$0$1,544,010
78$2,895,603$0$0$1,660,557
79$3,114,948$0$0$1,787,702
80$3,354,272$0$0$1,926,486
81$3,615,538$0$0$2,078,054
82$3,900,905$0$0$2,243,666
83$4,212,751$0$0$2,424,710
84$4,553,696$0$0$2,622,715
85$4,926,622$0$0$2,839,363
86$5,334,702$0$0$3,076,506
87$5,781,431$0$0$3,336,186
88$6,270,658$0$0$3,620,648
89$6,806,622$0$0$3,932,366
90$7,393,989$0$0$4,274,066
91$8,037,899$0$0$4,648,747
92$8,744,015$0$0$5,059,717
93$9,518,572$0$0$5,510,614
94$10,368,437$0$0$6,005,449
95$11,301,177$0$0$6,548,639
96$12,325,123$0$0$7,145,049
97$13,449,455$0$0$7,800,039
98$14,684,285$0$0$8,519,514
99$16,040,752$0$0$9,309,977
100$17,531,127$0$0$10,178,593