Can I retire at age 50 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$39,473$39,121$38,778$38,443$38,116$37,765
2 years$19,541$19,177$18,824$18,482$18,151$17,797
3 years$12,898$12,532$12,181$11,842$11,516$11,170
4 years$9,577$9,213$8,864$8,531$8,213$7,879
5 years$7,585$7,223$6,879$6,553$6,243$5,921
6 years$6,257$5,898$5,559$5,240$4,940$4,630
7 years$5,310$4,953$4,620$4,308$4,018$3,720
8 years$4,599$4,246$3,918$3,614$3,333$3,048
9 years$4,047$3,697$3,375$3,079$2,807$2,534
10 years$3,605$3,258$2,942$2,654$2,392$2,131
11 years$3,244$2,901$2,590$2,310$2,057$1,809
12 years$2,943$2,604$2,299$2,026$1,782$1,546
13 years$2,689$2,353$2,054$1,788$1,554$1,329
14 years$2,471$2,139$1,845$1,588$1,363$1,149
15 years$2,283$1,954$1,666$1,416$1,200$997
16 years$2,118$1,793$1,510$1,268$1,060$868
17 years$1,972$1,651$1,374$1,139$940$758
18 years$1,843$1,525$1,255$1,027$836$664
19 years$1,728$1,414$1,149$928$745$582
20 years$1,625$1,314$1,054$840$665$512
21 years$1,531$1,224$970$762$596$451
22 years$1,446$1,142$894$693$534$398
23 years$1,368$1,068$825$631$479$351
24 years$1,298$1,001$763$576$431$310
25 years$1,232$939$707$526$388$275
26 years$1,172$883$656$481$349$243
27 years$1,117$831$609$440$315$216
28 years$1,065$783$566$403$284$191
29 years$1,018$739$527$370$256$170
30 years$973$698$491$339$232$151
31 years$931$659$457$312$209$134
32 years$893$624$427$286$190$119
33 years$856$591$398$263$172$106
34 years$822$560$372$242$155$94
35 years$790$531$348$223$141$83
36 years$759$504$326$205$127$74
37 years$731$479$305$189$115$66
38 years$703$455$285$174$105$59
39 years$678$433$267$161$95$52
40 years$654$412$251$148$86$47
41 years$630$392$235$137$78$41
42 years$609$373$220$126$71$37
43 years$588$356$207$117$64$33
44 years$568$339$194$108$58$29
45 years$549$323$182$99$53$26
46 years$531$308$171$92$48$23
47 years$514$294$161$85$44$21
48 years$497$281$151$78$40$18
49 years$482$268$142$72$36$16
50 years$467$256$134$67$33$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $478,000, adding $5,547 every year, while hoping to spend $35,951 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: 69/26/5 Blend
49$478,000$478,000$478,000$478,000
50$532,478$507,144$499,735$568,542
51$548,539$493,742$478,224$579,717
52$565,033$478,479$454,788$586,987
53$581,967$461,225$429,324$593,947
54$599,347$441,844$401,725$600,559
55$617,176$420,190$371,879$606,780
56$635,460$396,112$339,669$612,567
57$654,202$369,446$304,973$617,871
58$673,404$340,023$267,663$622,643
59$693,068$307,660$227,607$626,825
60$713,194$272,168$184,664$630,360
61$733,779$233,344$138,690$633,183
62$754,821$190,974$89,532$635,226
63$776,314$144,834$37,033$636,415
64$798,252$94,684$0$636,672
65$820,623$40,274$0$636,926
66$843,417$0$0$638,245
67$866,617$0$0$643,903
68$890,204$0$0$661,364
69$914,156$0$0$679,088
70$938,445$0$0$697,052
71$963,040$0$0$715,233
72$987,902$0$0$733,601
73$1,012,990$0$0$752,123
74$1,038,252$0$0$770,761
75$1,063,633$0$0$789,471
76$1,089,066$0$0$808,201
77$1,114,476$0$0$826,896
78$1,139,780$0$0$845,490
79$1,164,881$0$0$863,909
80$1,189,671$0$0$882,071
81$1,214,028$0$0$899,882
82$1,237,813$0$0$917,236
83$1,260,874$0$0$934,015
84$1,283,036$0$0$950,088
85$1,304,105$0$0$965,305
86$1,323,865$0$0$979,501
87$1,342,072$0$0$992,491
88$1,358,457$0$0$1,004,068
89$1,372,717$0$0$1,014,001
90$1,384,516$0$0$1,022,035
91$1,393,480$0$0$1,027,883
92$1,399,192$0$0$1,031,228
93$1,401,189$0$0$1,031,716
94$1,398,957$0$0$1,028,957
95$1,391,925$0$0$1,022,515
96$1,379,460$0$0$1,011,906
97$1,360,858$0$0$996,596
98$1,335,340$0$0$975,990
99$1,302,044$0$0$949,432
100$1,260,012$0$0$916,193