Can I retire at age 50 with 523,000?

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 $523,000?

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$43,189$42,804$42,429$42,062$41,705$40,532
2 years$21,381$20,982$20,597$20,222$19,859$18,687
3 years$14,112$13,712$13,327$12,957$12,600$11,464
4 years$10,479$10,080$9,699$9,335$8,986$7,896
5 years$8,299$7,903$7,527$7,170$6,831$5,790
6 years$6,847$6,453$6,083$5,734$5,405$4,414
7 years$5,809$5,419$5,055$4,714$4,396$3,454
8 years$5,032$4,645$4,287$3,954$3,647$2,754
9 years$4,428$4,045$3,692$3,368$3,071$2,226
10 years$3,944$3,565$3,219$2,904$2,617$1,819
11 years$3,549$3,174$2,834$2,527$2,251$1,498
12 years$3,220$2,849$2,515$2,216$1,950$1,243
13 years$2,942$2,574$2,247$1,957$1,701$1,036
14 years$2,704$2,340$2,019$1,737$1,491$867
15 years$2,497$2,138$1,823$1,549$1,313$728
16 years$2,317$1,961$1,653$1,387$1,160$614
17 years$2,158$1,806$1,504$1,246$1,029$518
18 years$2,017$1,669$1,373$1,123$915$439
19 years$1,891$1,547$1,257$1,015$815$372
20 years$1,778$1,437$1,153$919$728$315
21 years$1,675$1,339$1,061$834$652$268
22 years$1,582$1,250$978$758$584$228
23 years$1,497$1,169$903$691$524$194
24 years$1,420$1,095$835$630$471$165
25 years$1,348$1,028$773$575$424$141
26 years$1,283$966$717$526$382$120
27 years$1,222$909$666$482$344$103
28 years$1,166$857$619$441$311$88
29 years$1,113$808$576$405$281$75
30 years$1,065$763$537$371$254$64
31 years$1,019$721$500$341$229$55
32 years$977$683$467$313$207$47
33 years$937$646$436$288$188$40
34 years$899$613$407$265$170$34
35 years$864$581$381$244$154$29
36 years$831$552$356$225$139$25
37 years$799$524$333$207$126$21
38 years$770$498$312$191$115$18
39 years$742$473$292$176$104$16
40 years$715$450$274$162$94$13
41 years$690$429$257$150$85$11
42 years$666$408$241$138$78$10
43 years$643$389$226$128$70$8
44 years$621$371$212$118$64$7
45 years$601$354$199$109$58$6
46 years$581$337$187$101$53$5
47 years$562$322$176$93$48$4
48 years$544$307$165$86$43$4
49 years$527$294$155$79$39$3
50 years$511$280$146$73$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $523,000, adding $4,509 every year, while hoping to spend $24,075 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: 45/44/11 Blend
49$523,000$523,000$523,000$523,000
50$580,997$553,278$545,172$605,134
51$614,643$554,773$537,819$623,827
52$650,914$555,534$529,414$641,267
53$690,053$555,501$519,894$659,637
54$732,325$554,607$509,197$679,032
55$778,023$552,784$497,256$699,558
56$827,469$549,958$484,002$721,332
57$881,016$546,051$469,362$744,486
58$939,053$540,981$453,259$769,165
59$1,002,007$534,660$435,614$795,532
60$1,070,349$526,995$416,344$823,767
61$1,144,595$517,888$395,361$854,073
62$1,225,313$507,235$372,576$886,672
63$1,313,130$494,924$347,892$921,813
64$1,408,734$480,839$321,210$959,771
65$1,512,881$464,857$292,428$1,000,855
66$1,626,406$446,846$261,435$1,045,404
67$1,750,225$426,668$228,119$1,093,797
68$1,885,349$404,175$192,362$1,146,452
69$2,032,888$379,213$154,040$1,203,836
70$2,194,067$351,619$113,024$1,266,465
71$2,370,231$321,217$69,179$1,334,912
72$2,562,863$287,825$22,365$1,409,810
73$2,773,596$251,250$0$1,491,865
74$3,004,227$211,285$0$1,585,093
75$3,256,736$167,716$0$1,690,133
76$3,533,303$120,314$0$1,805,331
77$3,836,327$68,837$0$1,931,766
78$4,168,452$13,030$0$2,070,632
79$4,532,591$0$0$2,223,248
80$4,931,948$0$0$2,414,011
81$5,370,056$0$0$2,630,269
82$5,850,806$0$0$2,867,642
83$6,378,481$0$0$3,128,252
84$6,957,803$0$0$3,414,440
85$7,593,969$0$0$3,728,783
86$8,292,709$0$0$4,074,121
87$9,060,331$0$0$4,453,580
88$9,903,786$0$0$4,870,607
89$10,830,732$0$0$5,328,998
90$11,849,604$0$0$5,832,935
91$12,969,696$0$0$6,387,025
92$14,201,248$0$0$6,996,345
93$15,555,540$0$0$7,666,488
94$17,045,001$0$0$8,403,616
95$18,683,326$0$0$9,214,518
96$20,485,602$0$0$10,106,674
97$22,468,452$0$0$11,088,327
98$24,650,192$0$0$12,168,558
99$27,051,003$0$0$13,357,373
100$29,693,121$0$0$14,665,797