Can I retire at age 50 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$43,271$42,886$42,510$42,143$41,784$41,573
2 years$21,422$21,023$20,636$20,261$19,897$19,684
3 years$14,139$13,738$13,353$12,981$12,624$12,415
4 years$10,499$10,099$9,717$9,352$9,003$8,801
5 years$8,315$7,918$7,541$7,184$6,844$6,649
6 years$6,860$6,466$6,094$5,745$5,416$5,227
7 years$5,821$5,430$5,064$4,723$4,404$4,223
8 years$5,042$4,654$4,295$3,962$3,654$3,480
9 years$4,436$4,052$3,699$3,375$3,077$2,910
10 years$3,952$3,572$3,225$2,909$2,622$2,462
11 years$3,556$3,180$2,839$2,532$2,255$2,102
12 years$3,226$2,854$2,520$2,221$1,954$1,808
13 years$2,948$2,579$2,251$1,961$1,704$1,565
14 years$2,709$2,345$2,023$1,740$1,494$1,361
15 years$2,502$2,142$1,826$1,552$1,315$1,189
16 years$2,322$1,965$1,656$1,390$1,162$1,043
17 years$2,162$1,810$1,507$1,249$1,031$917
18 years$2,021$1,672$1,375$1,125$916$809
19 years$1,894$1,550$1,259$1,017$817$715
20 years$1,781$1,440$1,156$921$730$633
21 years$1,678$1,341$1,063$836$653$561
22 years$1,585$1,252$980$760$585$499
23 years$1,500$1,171$905$692$525$444
24 years$1,422$1,097$837$631$472$395
25 years$1,351$1,030$775$576$425$352
26 years$1,285$968$719$527$383$315
27 years$1,224$911$667$482$345$281
28 years$1,168$858$620$442$311$251
29 years$1,115$810$577$405$281$225
30 years$1,067$765$538$372$254$201
31 years$1,021$723$501$342$230$180
32 years$978$684$468$314$208$161
33 years$938$648$437$289$188$144
34 years$901$614$408$266$170$130
35 years$866$582$381$245$154$116
36 years$832$553$357$225$140$104
37 years$801$525$334$208$127$93
38 years$771$499$313$191$115$84
39 years$743$474$293$176$104$75
40 years$716$451$275$163$94$68
41 years$691$430$258$150$86$61
42 years$667$409$242$139$78$55
43 years$644$390$227$128$71$49
44 years$623$372$213$118$64$44
45 years$602$354$200$109$58$40
46 years$582$338$188$101$53$36
47 years$563$323$176$93$48$32
48 years$545$308$166$86$44$29
49 years$528$294$156$79$40$26
50 years$512$281$146$73$36$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $524,000, adding $3,976 every year, while hoping to spend $25,454 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: 56/33/11 Blend
49$524,000$524,000$524,000$524,000
50$581,549$553,777$545,655$612,304
51$613,784$553,829$536,852$633,614
52$648,454$553,031$526,900$653,668
53$685,781$551,314$515,736$674,907
54$726,007$548,604$503,289$697,448
55$769,400$544,826$489,489$721,422
56$816,253$539,897$474,261$746,973
57$866,888$533,730$457,527$774,261
58$921,662$526,233$439,205$803,463
59$980,961$517,309$419,209$834,777
60$1,045,217$506,854$397,449$868,422
61$1,114,898$494,759$373,833$904,639
62$1,190,524$480,909$348,263$943,697
63$1,272,663$465,179$320,636$985,893
64$1,361,943$447,441$290,845$1,031,558
65$1,459,053$427,558$258,780$1,081,056
66$1,564,751$405,383$224,324$1,134,792
67$1,679,872$380,763$187,355$1,193,215
68$1,805,334$353,535$147,746$1,256,819
69$1,942,147$323,528$105,365$1,326,155
70$2,091,425$290,559$60,074$1,401,831
71$2,254,391$254,437$11,727$1,484,518
72$2,432,394$214,959$0$1,574,962
73$2,626,916$171,910$0$1,678,666
74$2,839,592$125,064$0$1,793,633
75$3,072,219$74,182$0$1,919,515
76$3,326,779$19,010$0$2,057,444
77$3,605,452$0$0$2,208,674
78$3,910,638$0$0$2,389,376
79$4,244,983$0$0$2,594,952
80$4,611,397$0$0$2,820,296
81$5,013,089$0$0$3,067,385
82$5,453,590$0$0$3,338,399
83$5,936,791$0$0$3,635,738
84$6,466,978$0$0$3,962,045
85$7,048,869$0$0$4,320,232
86$7,687,664$0$0$4,713,508
87$8,389,090$0$0$5,145,405
88$9,159,456$0$0$5,619,816
89$10,005,712$0$0$6,141,028
90$10,935,513$0$0$6,713,766
91$11,957,295$0$0$7,343,233
92$13,080,349$0$0$8,035,163
93$14,314,912$0$0$8,795,871
94$15,672,262$0$0$9,632,317
95$17,164,824$0$0$10,552,168
96$18,806,288$0$0$11,563,870
97$20,611,738$0$0$12,676,730
98$22,597,790$0$0$13,901,002
99$24,782,754$0$0$15,247,984
100$27,186,805$0$0$16,730,124