Can I retire at age 50 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$39,390$39,039$38,697$38,363$38,037$36,938
2 years$19,500$19,137$18,785$18,444$18,113$17,014
3 years$12,871$12,506$12,155$11,817$11,491$10,428
4 years$9,557$9,193$8,846$8,514$8,196$7,175
5 years$7,569$7,208$6,865$6,539$6,230$5,256
6 years$6,244$5,886$5,548$5,229$4,930$4,002
7 years$5,298$4,943$4,610$4,299$4,009$3,128
8 years$4,589$4,237$3,910$3,607$3,326$2,491
9 years$4,038$3,689$3,368$3,072$2,801$2,011
10 years$3,597$3,252$2,936$2,648$2,387$1,641
11 years$3,237$2,895$2,585$2,305$2,053$1,350
12 years$2,937$2,598$2,294$2,022$1,779$1,118
13 years$2,683$2,348$2,049$1,785$1,551$931
14 years$2,466$2,134$1,841$1,584$1,360$778
15 years$2,278$1,950$1,663$1,413$1,197$653
16 years$2,113$1,789$1,507$1,265$1,058$549
17 years$1,968$1,647$1,372$1,137$938$463
18 years$1,840$1,522$1,252$1,024$834$391
19 years$1,725$1,411$1,146$926$743$331
20 years$1,621$1,311$1,052$838$664$281
21 years$1,528$1,221$968$761$594$238
22 years$1,443$1,140$892$692$533$202
23 years$1,366$1,066$823$630$478$172
24 years$1,295$999$762$575$430$146
25 years$1,230$937$705$525$387$124
26 years$1,170$881$654$480$348$106
27 years$1,114$829$607$439$314$90
28 years$1,063$781$565$402$283$77
29 years$1,015$737$525$369$256$66
30 years$971$696$489$339$231$56
31 years$929$658$456$311$209$48
32 years$891$623$426$286$189$41
33 years$854$590$398$263$171$35
34 years$820$559$371$242$155$30
35 years$788$530$347$223$140$25
36 years$758$503$325$205$127$22
37 years$729$478$304$189$115$18
38 years$702$454$285$174$104$16
39 years$676$432$267$161$95$13
40 years$652$411$250$148$86$11
41 years$629$391$234$137$78$10
42 years$607$372$220$126$71$8
43 years$587$355$206$116$64$7
44 years$567$338$194$107$58$6
45 years$548$323$182$99$53$5
46 years$530$308$171$92$48$4
47 years$513$294$161$85$44$4
48 years$496$280$151$78$40$3
49 years$481$268$142$72$36$3
50 years$466$256$133$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $477,000, adding $2,992 every year, while hoping to spend $27,596 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: 69/13/18 Blend
49$477,000$477,000$477,000$477,000
50$528,740$503,459$496,066$562,728
51$553,310$498,767$483,322$581,086
52$579,461$492,920$469,226$597,627
53$607,325$485,832$453,705$615,039
54$637,047$477,413$436,679$633,405
55$668,786$467,566$418,068$652,818
56$702,715$456,189$397,786$673,379
57$739,024$443,175$375,744$695,203
58$777,924$428,410$351,851$718,415
59$819,642$411,772$326,007$743,154
60$864,429$393,133$298,113$769,577
61$912,563$372,358$268,061$797,855
62$964,344$349,304$235,742$828,176
63$1,020,107$323,819$201,038$860,754
64$1,080,215$295,744$163,831$895,820
65$1,145,071$264,908$123,992$933,633
66$1,215,113$231,134$81,392$974,479
67$1,290,828$194,233$35,891$1,018,676
68$1,372,746$154,004$0$1,066,574
69$1,461,452$110,237$0$1,120,994
70$1,557,591$62,708$0$1,187,447
71$1,661,868$11,184$0$1,259,539
72$1,775,062$0$0$1,337,827
73$1,898,027$0$0$1,429,302
74$2,031,705$0$0$1,530,510
75$2,177,131$0$0$1,640,636
76$2,335,443$0$0$1,760,547
77$2,507,895$0$0$1,891,195
78$2,695,865$0$0$2,033,627
79$2,900,871$0$0$2,188,998
80$3,124,584$0$0$2,358,577
81$3,368,843$0$0$2,543,761
82$3,635,670$0$0$2,746,089
83$3,927,295$0$0$2,967,255
84$4,246,170$0$0$3,209,123
85$4,594,996$0$0$3,473,747
86$4,976,748$0$0$3,763,388
87$5,394,700$0$0$4,080,534
88$5,852,459$0$0$4,427,928
89$6,353,995$0$0$4,808,587
90$6,903,682$0$0$5,225,838
91$7,506,337$0$0$5,683,342
92$8,167,265$0$0$6,185,133
93$8,892,309$0$0$6,735,651
94$9,687,905$0$0$7,339,791
95$10,561,142$0$0$8,002,942
96$11,519,829$0$0$8,731,041
97$12,572,568$0$0$9,530,627
98$13,728,834$0$0$10,408,906
99$14,999,066$0$0$11,373,813
100$16,394,763$0$0$12,434,091