Can I retire at age 50 with 518,000?

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 $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%15.7%
1 years$42,776$42,395$42,023$41,660$41,306$40,340
2 years$21,176$20,782$20,400$20,029$19,670$18,702
3 years$13,977$13,581$13,200$12,833$12,479$11,540
4 years$10,378$9,984$9,606$9,245$8,900$7,997
5 years$8,220$7,827$7,455$7,101$6,766$5,901
6 years$6,781$6,392$6,025$5,679$5,354$4,528
7 years$5,754$5,368$5,006$4,669$4,354$3,567
8 years$4,984$4,601$4,246$3,917$3,612$2,864
9 years$4,385$4,006$3,657$3,336$3,042$2,332
10 years$3,907$3,531$3,188$2,876$2,592$1,920
11 years$3,515$3,144$2,807$2,503$2,229$1,594
12 years$3,189$2,821$2,491$2,195$1,932$1,332
13 years$2,914$2,550$2,226$1,938$1,684$1,119
14 years$2,678$2,318$2,000$1,720$1,477$945
15 years$2,474$2,117$1,805$1,534$1,300$800
16 years$2,295$1,943$1,637$1,374$1,149$680
17 years$2,138$1,789$1,490$1,234$1,019$579
18 years$1,998$1,653$1,360$1,112$906$495
19 years$1,873$1,532$1,245$1,005$807$423
20 years$1,761$1,424$1,142$910$721$362
21 years$1,659$1,326$1,051$826$645$311
22 years$1,567$1,238$968$751$578$267
23 years$1,483$1,158$894$684$519$229
24 years$1,406$1,085$827$624$467$197
25 years$1,335$1,018$766$570$420$170
26 years$1,270$957$710$521$378$146
27 years$1,210$900$660$477$341$126
28 years$1,155$848$613$437$308$109
29 years$1,103$800$571$401$278$94
30 years$1,054$756$532$368$251$81
31 years$1,009$715$496$338$227$70
32 years$967$676$462$310$205$60
33 years$928$640$432$285$186$52
34 years$891$607$403$263$168$45
35 years$856$576$377$242$152$39
36 years$823$546$353$223$138$33
37 years$792$519$330$205$125$29
38 years$762$493$309$189$113$25
39 years$735$469$290$174$103$22
40 years$708$446$272$161$93$19
41 years$683$425$255$148$85$16
42 years$659$404$239$137$77$14
43 years$637$385$224$126$70$12
44 years$615$367$210$117$63$10
45 years$595$350$198$108$57$9
46 years$575$334$186$100$52$8
47 years$557$319$174$92$47$7
48 years$539$304$164$85$43$6
49 years$522$291$154$79$39$5
50 years$506$278$145$73$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $518,000, adding $4,960 every year, while hoping to spend $24,079 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: 67/28/5 Blend
49$518,000$518,000$518,000$518,000
50$575,952$548,498$540,469$613,854
51$609,079$549,755$532,955$640,867
52$644,779$550,266$524,382$667,000
53$683,287$549,970$514,690$694,914
54$724,864$548,800$503,814$724,779
55$769,796$546,688$491,688$756,781
56$818,398$543,558$478,242$791,128
57$871,015$539,332$463,403$828,049
58$928,027$533,928$447,096$867,794
59$989,851$527,256$429,239$910,643
60$1,056,947$519,223$409,749$956,902
61$1,129,820$509,729$388,540$1,006,912
62$1,209,026$498,669$365,520$1,061,047
63$1,295,175$485,933$340,594$1,119,720
64$1,388,941$471,401$313,662$1,183,389
65$1,491,063$454,950$284,619$1,252,558
66$1,602,355$436,447$253,358$1,327,784
67$1,723,714$415,752$219,765$1,409,682
68$1,856,127$392,717$183,721$1,498,930
69$2,000,678$367,187$145,101$1,596,278
70$2,158,563$338,995$103,778$1,702,553
71$2,331,098$307,967$59,616$1,818,668
72$2,519,730$273,918$12,474$1,945,632
73$2,726,055$236,652$0$2,084,556
74$2,951,829$195,964$0$2,238,688
75$3,198,985$151,635$0$2,408,206
76$3,469,651$103,436$0$2,593,947
77$3,766,173$51,122$0$2,797,572
78$4,091,133$0$0$3,020,911
79$4,447,375$0$0$3,267,699
80$4,838,030$0$0$3,555,632
81$5,266,547$0$0$3,871,505
82$5,736,728$0$0$4,218,122
83$6,252,756$0$0$4,598,574
84$6,819,242$0$0$5,016,264
85$7,441,263$0$0$5,474,939
86$8,124,414$0$0$5,978,731
87$8,874,857$0$0$6,532,188
88$9,699,380$0$0$7,140,321
89$10,605,463$0$0$7,808,653
90$11,601,343$0$0$8,543,265
91$12,696,098$0$0$9,350,858
92$13,899,727$0$0$10,238,816
93$15,223,249$0$0$11,215,272
94$16,678,800$0$0$12,289,187
95$18,279,756$0$0$13,470,435
96$20,040,850$0$0$14,769,895
97$21,978,318$0$0$16,199,552
98$24,110,046$0$0$17,772,613
99$26,455,743$0$0$19,503,628
100$29,037,126$0$0$21,408,630