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%20%
1 years$43,189$42,804$42,429$42,062$41,705$40,034
2 years$21,381$20,982$20,597$20,222$19,859$18,197
3 years$14,112$13,712$13,327$12,957$12,600$10,998
4 years$10,479$10,080$9,699$9,335$8,986$7,458
5 years$8,299$7,903$7,527$7,170$6,831$5,380
6 years$6,847$6,453$6,083$5,734$5,405$4,032
7 years$5,809$5,419$5,055$4,714$4,396$3,100
8 years$5,032$4,645$4,287$3,954$3,647$2,426
9 years$4,428$4,045$3,692$3,368$3,071$1,925
10 years$3,944$3,565$3,219$2,904$2,617$1,542
11 years$3,549$3,174$2,834$2,527$2,251$1,245
12 years$3,220$2,849$2,515$2,216$1,950$1,011
13 years$2,942$2,574$2,247$1,957$1,701$826
14 years$2,704$2,340$2,019$1,737$1,491$676
15 years$2,497$2,138$1,823$1,549$1,313$556
16 years$2,317$1,961$1,653$1,387$1,160$458
17 years$2,158$1,806$1,504$1,246$1,029$378
18 years$2,017$1,669$1,373$1,123$915$312
19 years$1,891$1,547$1,257$1,015$815$259
20 years$1,778$1,437$1,153$919$728$214
21 years$1,675$1,339$1,061$834$652$178
22 years$1,582$1,250$978$758$584$148
23 years$1,497$1,169$903$691$524$123
24 years$1,420$1,095$835$630$471$102
25 years$1,348$1,028$773$575$424$85
26 years$1,283$966$717$526$382$71
27 years$1,222$909$666$482$344$59
28 years$1,166$857$619$441$311$49
29 years$1,113$808$576$405$281$41
30 years$1,065$763$537$371$254$34
31 years$1,019$721$500$341$229$28
32 years$977$683$467$313$207$23
33 years$937$646$436$288$188$20
34 years$899$613$407$265$170$16
35 years$864$581$381$244$154$14
36 years$831$552$356$225$139$11
37 years$799$524$333$207$126$9
38 years$770$498$312$191$115$8
39 years$742$473$292$176$104$7
40 years$715$450$274$162$94$5
41 years$690$429$257$150$85$5
42 years$666$408$241$138$78$4
43 years$643$389$226$128$70$3
44 years$621$371$212$118$64$3
45 years$601$354$199$109$58$2
46 years$581$337$187$101$53$2
47 years$562$322$176$93$48$2
48 years$544$307$165$86$43$1
49 years$527$294$155$79$39$1
50 years$511$280$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $523,000, adding $4,095 every year, while hoping to spend $36,097 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: 57/21/22 Blend
49$523,000$523,000$523,000$523,000
50$580,570$552,851$544,744$610,005
51$601,381$541,534$524,587$619,233
52$623,105$528,452$502,543$625,076
53$645,797$513,482$478,514$630,663
54$669,517$496,490$452,392$635,978
55$694,328$477,339$424,068$641,004
56$720,300$455,879$393,425$645,727
57$747,509$431,955$360,342$650,133
58$776,035$405,401$324,694$654,207
59$805,968$376,044$286,349$657,938
60$837,404$343,697$245,169$661,313
61$870,447$308,166$201,010$664,322
62$905,210$269,244$153,722$666,957
63$941,818$226,713$103,147$669,213
64$980,404$180,343$49,124$671,085
65$1,021,116$129,890$0$672,574
66$1,064,113$75,097$0$675,685
67$1,109,568$15,693$0$690,860
68$1,157,674$0$0$706,610
69$1,208,636$0$0$734,233
70$1,262,682$0$0$767,395
71$1,320,059$0$0$802,625
72$1,381,040$0$0$840,093
73$1,445,920$0$0$879,984
74$1,515,025$0$0$922,501
75$1,588,709$0$0$967,867
76$1,667,362$0$0$1,016,326
77$1,751,411$0$0$1,068,143
78$1,841,323$0$0$1,123,613
79$1,937,611$0$0$1,183,056
80$2,040,838$0$0$1,246,825
81$2,151,620$0$0$1,315,305
82$2,270,634$0$0$1,388,922
83$2,398,623$0$0$1,468,140
84$2,536,403$0$0$1,553,472
85$2,684,870$0$0$1,645,478
86$2,845,007$0$0$1,744,775
87$3,017,897$0$0$1,852,042
88$3,204,726$0$0$1,968,023
89$3,406,801$0$0$2,093,537
90$3,625,556$0$0$2,229,484
91$3,862,569$0$0$2,376,853
92$4,119,573$0$0$2,536,733
93$4,398,478$0$0$2,710,319
94$4,701,380$0$0$2,898,929
95$5,030,587$0$0$3,104,010
96$5,388,638$0$0$3,327,155
97$5,778,326$0$0$3,570,117
98$6,202,723$0$0$3,834,824
99$6,665,211$0$0$4,123,399
100$7,169,512$0$0$4,438,177