Can I retire at age 50 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$36,913$36,584$36,263$35,950$35,644$35,435
2 years$18,274$17,933$17,604$17,284$16,974$16,762
3 years$12,061$11,720$11,391$11,074$10,769$10,562
4 years$8,956$8,615$8,289$7,978$7,680$7,480
5 years$7,093$6,754$6,433$6,128$5,838$5,645
6 years$5,852$5,515$5,199$4,901$4,620$4,433
7 years$4,965$4,632$4,320$4,029$3,757$3,578
8 years$4,301$3,970$3,664$3,380$3,117$2,945
9 years$3,784$3,457$3,156$2,879$2,625$2,460
10 years$3,371$3,047$2,751$2,482$2,237$2,079
11 years$3,033$2,713$2,422$2,160$1,923$1,773
12 years$2,752$2,435$2,150$1,894$1,667$1,523
13 years$2,514$2,200$1,921$1,672$1,454$1,316
14 years$2,311$2,000$1,726$1,485$1,274$1,143
15 years$2,135$1,827$1,558$1,324$1,122$997
16 years$1,980$1,676$1,413$1,186$992$873
17 years$1,845$1,544$1,285$1,065$879$767
18 years$1,724$1,427$1,173$960$782$675
19 years$1,616$1,322$1,074$867$697$596
20 years$1,519$1,229$986$786$622$527
21 years$1,432$1,144$907$713$557$467
22 years$1,352$1,068$836$648$499$414
23 years$1,280$999$772$590$448$368
24 years$1,213$936$714$538$403$327
25 years$1,152$878$661$492$362$291
26 years$1,096$826$613$450$326$260
27 years$1,044$777$569$412$294$232
28 years$996$732$529$377$266$207
29 years$952$691$492$346$240$185
30 years$910$652$459$317$217$165
31 years$871$617$428$291$196$147
32 years$835$583$399$268$177$132
33 years$801$553$373$246$160$118
34 years$768$524$348$227$145$106
35 years$738$497$325$209$132$94
36 years$710$471$304$192$119$85
37 years$683$448$285$177$108$76
38 years$658$426$267$163$98$68
39 years$634$405$250$150$89$61
40 years$611$385$234$139$81$55
41 years$590$366$220$128$73$49
42 years$569$349$206$118$66$44
43 years$550$333$193$109$60$39
44 years$531$317$182$101$55$35
45 years$513$302$170$93$50$32
46 years$497$288$160$86$45$28
47 years$481$275$150$79$41$25
48 years$465$263$141$73$37$23
49 years$450$251$133$68$34$20
50 years$436$240$125$63$31$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $447,000, adding $5,792 every year, while hoping to spend $28,175 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: 63/30/7 Blend
49$447,000$447,000$447,000$447,000
50$498,568$474,877$467,949$528,948
51$519,444$468,168$453,647$543,219
52$541,505$460,186$437,922$554,962
53$564,843$450,839$420,696$567,055
54$589,556$440,029$401,888$579,532
55$615,753$427,653$381,414$592,428
56$643,553$413,602$359,185$605,785
57$673,086$397,759$335,109$619,651
58$704,495$380,003$309,088$634,078
59$737,933$360,203$281,023$649,128
60$773,572$338,223$250,807$664,866
61$811,598$313,917$218,330$681,368
62$852,215$287,133$183,478$698,721
63$895,646$257,708$146,130$717,020
64$942,138$225,471$106,161$736,372
65$991,958$190,242$63,440$756,898
66$1,045,402$151,828$17,830$778,732
67$1,102,794$110,029$0$802,026
68$1,164,489$64,630$0$829,252
69$1,230,877$15,407$0$859,867
70$1,302,386$0$0$892,759
71$1,379,487$0$0$940,680
72$1,462,696$0$0$997,912
73$1,552,582$0$0$1,059,762
74$1,649,767$0$0$1,126,663
75$1,754,938$0$0$1,199,090
76$1,868,849$0$0$1,277,566
77$1,992,329$0$0$1,362,666
78$2,126,288$0$0$1,455,022
79$2,271,729$0$0$1,555,329
80$2,429,756$0$0$1,664,352
81$2,601,579$0$0$1,782,933
82$2,788,534$0$0$1,911,996
83$2,992,089$0$0$2,052,561
84$3,213,859$0$0$2,205,748
85$3,455,622$0$0$2,372,791
86$3,719,333$0$0$2,555,046
87$4,007,148$0$0$2,754,009
88$4,321,435$0$0$2,971,325
89$4,664,805$0$0$3,208,803
90$5,040,129$0$0$3,468,438
91$5,450,572$0$0$3,752,424
92$5,899,615$0$0$4,063,178
93$6,391,092$0$0$4,403,362
94$6,929,226$0$0$4,775,904
95$7,518,667$0$0$5,184,034
96$8,164,534$0$0$5,631,303
97$8,872,466$0$0$6,121,627
98$9,648,676$0$0$6,659,316
99$10,500,002$0$0$7,249,117
100$11,433,978$0$0$7,896,260