Can I retire at age 50 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$41,042$40,676$40,320$39,971$39,631$38,424
2 years$20,318$19,939$19,573$19,217$18,872$17,666
3 years$13,411$13,031$12,665$12,313$11,973$10,807
4 years$9,958$9,579$9,217$8,870$8,539$7,421
5 years$7,887$7,510$7,153$6,813$6,492$5,424
6 years$6,506$6,132$5,780$5,449$5,137$4,121
7 years$5,521$5,150$4,803$4,480$4,177$3,214
8 years$4,782$4,415$4,074$3,758$3,466$2,554
9 years$4,207$3,844$3,509$3,201$2,918$2,057
10 years$3,748$3,388$3,059$2,759$2,487$1,674
11 years$3,373$3,016$2,693$2,401$2,139$1,374
12 years$3,060$2,707$2,390$2,106$1,853$1,135
13 years$2,796$2,446$2,135$1,860$1,616$942
14 years$2,569$2,224$1,919$1,651$1,417$785
15 years$2,373$2,031$1,732$1,472$1,247$657
16 years$2,202$1,864$1,571$1,318$1,102$551
17 years$2,051$1,716$1,429$1,184$977$463
18 years$1,917$1,586$1,305$1,067$869$390
19 years$1,797$1,470$1,194$964$775$329
20 years$1,689$1,366$1,096$873$692$278
21 years$1,592$1,272$1,008$793$619$235
22 years$1,503$1,188$929$721$555$199
23 years$1,423$1,111$858$656$498$169
24 years$1,349$1,041$793$599$448$143
25 years$1,281$977$735$547$403$121
26 years$1,219$918$682$500$363$103
27 years$1,161$864$633$458$327$88
28 years$1,108$814$588$419$295$74
29 years$1,058$768$548$384$267$63
30 years$1,012$725$510$353$241$54
31 years$968$686$475$324$218$46
32 years$928$649$444$298$197$39
33 years$890$614$414$274$178$33
34 years$854$582$387$252$161$28
35 years$821$552$362$232$146$24
36 years$789$524$338$214$132$20
37 years$760$498$317$197$120$17
38 years$731$473$297$181$109$15
39 years$705$450$278$167$99$13
40 years$679$428$261$154$90$11
41 years$656$407$244$142$81$9
42 years$633$388$229$131$74$8
43 years$611$370$215$121$67$7
44 years$591$352$202$112$61$6
45 years$571$336$190$103$55$5
46 years$552$321$178$96$50$4
47 years$534$306$167$88$45$3
48 years$517$292$157$82$41$3
49 years$501$279$148$75$37$2
50 years$485$266$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $497,000, adding $4,939 every year, while hoping to spend $29,307 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: 81/12/7 Blend
49$497,000$497,000$497,000$497,000
50$552,789$526,448$518,744$596,765
51$577,991$521,061$504,940$620,880
52$604,781$514,428$489,690$642,944
53$633,291$506,458$472,917$666,268
54$663,663$497,051$454,537$690,961
55$696,056$486,106$434,463$717,143
56$730,641$473,512$412,604$744,948
57$767,606$459,154$388,867$774,524
58$807,159$442,909$363,151$806,032
59$849,526$424,648$335,353$839,650
60$894,955$404,234$305,365$875,576
61$943,720$381,520$273,074$914,027
62$996,119$356,355$238,361$955,242
63$1,052,481$328,574$201,104$999,485
64$1,113,167$298,007$161,174$1,047,048
65$1,178,573$264,472$118,437$1,098,251
66$1,249,134$227,778$72,751$1,153,449
67$1,325,328$187,722$23,971$1,213,032
68$1,407,681$144,090$0$1,277,432
69$1,496,770$96,655$0$1,349,222
70$1,593,229$45,180$0$1,428,875
71$1,697,756$0$0$1,515,191
72$1,811,118$0$0$1,610,218
73$1,934,160$0$0$1,719,845
74$2,067,808$0$0$1,838,934
75$2,213,084$0$0$1,968,395
76$2,371,111$0$0$2,109,231
77$2,543,123$0$0$2,262,543
78$2,730,481$0$0$2,429,546
79$2,934,680$0$0$2,611,574
80$3,157,366$0$0$2,810,097
81$3,400,352$0$0$3,026,732
82$3,665,632$0$0$3,263,259
83$3,955,401$0$0$3,521,637
84$4,272,077$0$0$3,804,024
85$4,618,321$0$0$4,112,794
86$4,997,062$0$0$4,450,563
87$5,411,526$0$0$4,820,210
88$5,865,265$0$0$5,224,905
89$6,362,192$0$0$5,668,139
90$6,906,613$0$0$6,153,757
91$7,503,272$0$0$6,685,994
92$8,157,395$0$0$7,269,512
93$8,874,735$0$0$7,909,448
94$9,661,630$0$0$8,611,458
95$10,525,061$0$0$9,381,774
96$11,472,718$0$0$10,227,258
97$12,513,069$0$0$11,155,471
98$13,655,446$0$0$12,174,740
99$14,910,125$0$0$13,294,238
100$16,288,429$0$0$14,524,073