Can I retire at age 50 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$33,527$33,228$32,937$32,653$32,375$31,657
2 years$16,598$16,288$15,989$15,698$15,417$14,697
3 years$10,955$10,645$10,346$10,058$9,781$9,082
4 years$8,134$7,825$7,529$7,246$6,976$6,303
5 years$6,443$6,135$5,843$5,566$5,303$4,658
6 years$5,315$5,010$4,722$4,451$4,196$3,580
7 years$4,510$4,207$3,924$3,659$3,413$2,825
8 years$3,906$3,606$3,328$3,070$2,831$2,273
9 years$3,437$3,140$2,866$2,615$2,384$1,854
10 years$3,062$2,768$2,499$2,254$2,031$1,529
11 years$2,755$2,464$2,200$1,962$1,747$1,272
12 years$2,500$2,211$1,952$1,721$1,514$1,065
13 years$2,284$1,998$1,744$1,519$1,320$897
14 years$2,099$1,817$1,567$1,348$1,157$758
15 years$1,939$1,659$1,415$1,203$1,019$644
16 years$1,799$1,523$1,283$1,077$901$548
17 years$1,675$1,402$1,167$967$799$468
18 years$1,566$1,296$1,066$872$710$400
19 years$1,468$1,201$976$788$633$343
20 years$1,380$1,116$895$714$565$295
21 years$1,300$1,039$824$648$506$253
22 years$1,228$970$759$589$453$218
23 years$1,162$907$701$536$407$188
24 years$1,102$850$648$489$366$162
25 years$1,047$798$600$447$329$140
26 years$996$750$557$408$297$121
27 years$949$706$517$374$267$104
28 years$905$665$481$342$241$90
29 years$864$627$447$314$218$78
30 years$826$592$417$288$197$67
31 years$791$560$388$265$178$58
32 years$758$530$362$243$161$50
33 years$727$502$338$224$146$44
34 years$698$476$316$206$132$38
35 years$671$451$296$189$119$33
36 years$645$428$277$175$108$28
37 years$620$407$259$161$98$24
38 years$597$387$242$148$89$21
39 years$576$368$227$137$81$18
40 years$555$350$213$126$73$16
41 years$535$333$200$116$66$14
42 years$517$317$187$107$60$12
43 years$499$302$176$99$55$10
44 years$482$288$165$91$50$9
45 years$466$275$155$84$45$8
46 years$451$262$145$78$41$7
47 years$436$250$137$72$37$6
48 years$423$239$128$67$34$5
49 years$409$228$121$62$31$4
50 years$396$218$113$57$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $406,000, adding $2,652 every year, while hoping to spend $28,421 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: 65/28/7 Blend
49$406,000$406,000$406,000$406,000
50$450,148$428,630$422,337$478,666
51$465,823$419,393$406,245$488,733
52$482,145$408,751$388,662$496,105
53$499,148$396,605$369,507$503,413
54$516,873$382,850$348,698$510,647
55$535,361$367,376$326,145$517,799
56$554,655$350,065$301,759$524,860
57$574,806$330,794$275,443$531,821
58$595,864$309,431$247,099$538,674
59$617,887$285,838$216,621$545,412
60$640,935$259,867$183,902$552,027
61$665,075$231,366$148,827$558,513
62$690,378$200,168$111,279$564,865
63$716,923$166,102$71,132$571,079
64$744,793$128,985$28,259$577,152
65$774,080$88,624$0$583,084
66$804,884$44,814$0$590,183
67$837,313$0$0$599,484
68$871,485$0$0$609,710
69$907,529$0$0$635,070
70$945,585$0$0$661,857
71$985,805$0$0$690,180
72$1,028,357$0$0$720,157
73$1,073,422$0$0$751,919
74$1,121,199$0$0$785,607
75$1,171,905$0$0$821,376
76$1,225,778$0$0$859,397
77$1,283,078$0$0$899,854
78$1,344,089$0$0$942,951
79$1,409,122$0$0$988,910
80$1,478,519$0$0$1,037,975
81$1,552,653$0$0$1,090,413
82$1,631,933$0$0$1,146,516
83$1,716,808$0$0$1,206,605
84$1,807,771$0$0$1,271,033
85$1,905,362$0$0$1,340,185
86$2,010,172$0$0$1,414,484
87$2,122,852$0$0$1,494,397
88$2,244,117$0$0$1,580,434
89$2,374,749$0$0$1,673,155
90$2,515,611$0$0$1,773,176
91$2,667,648$0$0$1,881,174
92$2,831,899$0$0$1,997,893
93$3,009,507$0$0$2,124,149
94$3,201,726$0$0$2,260,841
95$3,409,936$0$0$2,408,957
96$3,635,656$0$0$2,569,583
97$3,880,554$0$0$2,743,911
98$4,146,463$0$0$2,933,257
99$4,435,404$0$0$3,139,064
100$4,749,595$0$0$3,362,922