Can I retire at age 50 with 518,000?

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 $518,000?

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$42,776$42,395$42,023$41,660$41,306$40,406
2 years$21,176$20,782$20,400$20,029$19,670$18,767
3 years$13,977$13,581$13,200$12,833$12,479$11,603
4 years$10,378$9,984$9,606$9,245$8,900$8,057
5 years$8,220$7,827$7,455$7,101$6,766$5,957
6 years$6,781$6,392$6,025$5,679$5,354$4,581
7 years$5,754$5,368$5,006$4,669$4,354$3,617
8 years$4,984$4,601$4,246$3,917$3,612$2,911
9 years$4,385$4,006$3,657$3,336$3,042$2,377
10 years$3,907$3,531$3,188$2,876$2,592$1,961
11 years$3,515$3,144$2,807$2,503$2,229$1,632
12 years$3,189$2,821$2,491$2,195$1,932$1,368
13 years$2,914$2,550$2,226$1,938$1,684$1,152
14 years$2,678$2,318$2,000$1,720$1,477$975
15 years$2,474$2,117$1,805$1,534$1,300$829
16 years$2,295$1,943$1,637$1,374$1,149$706
17 years$2,138$1,789$1,490$1,234$1,019$603
18 years$1,998$1,653$1,360$1,112$906$516
19 years$1,873$1,532$1,245$1,005$807$443
20 years$1,761$1,424$1,142$910$721$381
21 years$1,659$1,326$1,051$826$645$327
22 years$1,567$1,238$968$751$578$282
23 years$1,483$1,158$894$684$519$243
24 years$1,406$1,085$827$624$467$210
25 years$1,335$1,018$766$570$420$181
26 years$1,270$957$710$521$378$156
27 years$1,210$900$660$477$341$135
28 years$1,155$848$613$437$308$117
29 years$1,103$800$571$401$278$101
30 years$1,054$756$532$368$251$88
31 years$1,009$715$496$338$227$76
32 years$967$676$462$310$205$66
33 years$928$640$432$285$186$57
34 years$891$607$403$263$168$49
35 years$856$576$377$242$152$43
36 years$823$546$353$223$138$37
37 years$792$519$330$205$125$32
38 years$762$493$309$189$113$28
39 years$735$469$290$174$103$24
40 years$708$446$272$161$93$21
41 years$683$425$255$148$85$18
42 years$659$404$239$137$77$16
43 years$637$385$224$126$70$14
44 years$615$367$210$117$63$12
45 years$595$350$198$108$57$10
46 years$575$334$186$100$52$9
47 years$557$319$174$92$47$8
48 years$539$304$164$85$43$7
49 years$522$291$154$79$39$6
50 years$506$278$145$73$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $518,000, adding $4,417 every year, while hoping to spend $31,992 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: 53/19/28 Blend
49$518,000$518,000$518,000$518,000
50$575,392$547,938$539,909$601,181
51$600,043$540,748$523,957$612,336
52$626,136$532,133$506,398$620,856
53$653,784$521,990$487,145$629,492
54$683,112$510,209$466,106$638,268
55$714,254$496,674$443,185$647,212
56$747,359$481,262$418,283$656,357
57$782,589$463,843$391,294$665,743
58$820,120$444,279$362,110$675,413
59$860,147$422,424$330,616$685,418
60$902,883$398,124$296,693$695,819
61$948,561$371,215$260,215$706,681
62$997,436$341,526$221,054$718,084
63$1,049,787$308,874$179,072$730,113
64$1,105,923$273,066$134,129$742,871
65$1,166,180$233,900$86,075$756,469
66$1,230,928$191,158$34,756$771,037
67$1,300,573$144,615$0$786,719
68$1,375,561$94,030$0$809,658
69$1,456,380$39,150$0$845,530
70$1,543,570$0$0$884,200
71$1,637,720$0$0$930,200
72$1,739,479$0$0$988,804
73$1,849,561$0$0$1,052,243
74$1,968,750$0$0$1,120,975
75$2,097,909$0$0$1,195,501
76$2,237,984$0$0$1,276,374
77$2,390,019$0$0$1,364,204
78$2,555,160$0$0$1,459,657
79$2,734,668$0$0$1,563,470
80$2,929,931$0$0$1,676,452
81$3,142,475$0$0$1,799,494
82$3,373,979$0$0$1,933,576
83$3,626,293$0$0$2,079,776
84$3,901,450$0$0$2,239,281
85$4,201,689$0$0$2,413,397
86$4,529,474$0$0$2,603,564
87$4,887,519$0$0$2,811,363
88$5,278,810$0$0$3,038,538
89$5,706,635$0$0$3,287,008
90$6,174,613$0$0$3,558,886
91$6,686,731$0$0$3,856,499
92$7,247,377$0$0$4,182,408
93$7,861,386$0$0$4,539,435
94$8,534,078$0$0$4,930,688
95$9,271,317$0$0$5,359,587
96$10,079,557$0$0$5,829,902
97$10,965,908$0$0$6,345,783
98$11,938,202$0$0$6,911,804
99$13,005,063$0$0$7,532,999
100$14,175,993$0$0$8,214,916