Can I retire at age 50 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$41,372$41,004$40,644$40,293$39,950$39,419
2 years$20,481$20,100$19,730$19,372$19,024$18,489
3 years$13,519$13,135$12,767$12,412$12,070$11,548
4 years$10,038$9,656$9,291$8,942$8,608$8,104
5 years$7,950$7,570$7,210$6,868$6,544$6,059
6 years$6,559$6,182$5,827$5,493$5,178$4,712
7 years$5,565$5,191$4,842$4,516$4,211$3,765
8 years$4,820$4,450$4,107$3,788$3,493$3,067
9 years$4,241$3,875$3,537$3,227$2,942$2,535
10 years$3,778$3,415$3,084$2,781$2,507$2,119
11 years$3,400$3,040$2,715$2,421$2,156$1,787
12 years$3,085$2,729$2,409$2,123$1,868$1,518
13 years$2,818$2,466$2,153$1,875$1,629$1,297
14 years$2,590$2,242$1,934$1,664$1,428$1,113
15 years$2,392$2,048$1,746$1,484$1,257$960
16 years$2,220$1,879$1,583$1,329$1,111$830
17 years$2,067$1,730$1,441$1,194$985$720
18 years$1,932$1,599$1,315$1,076$876$626
19 years$1,811$1,482$1,204$972$781$545
20 years$1,703$1,377$1,105$880$698$476
21 years$1,605$1,283$1,016$799$624$416
22 years$1,516$1,197$937$727$560$364
23 years$1,434$1,120$865$662$502$319
24 years$1,360$1,049$800$604$451$280
25 years$1,292$985$741$551$406$246
26 years$1,229$925$687$504$366$216
27 years$1,171$871$638$461$330$190
28 years$1,117$821$593$423$298$167
29 years$1,067$774$552$388$269$147
30 years$1,020$731$514$356$243$129
31 years$976$691$479$327$220$114
32 years$935$654$447$300$199$100
33 years$897$619$418$276$180$88
34 years$861$587$390$254$163$78
35 years$828$557$365$234$147$69
36 years$796$528$341$215$134$61
37 years$766$502$319$198$121$54
38 years$737$477$299$183$110$47
39 years$710$454$280$169$100$42
40 years$685$432$263$156$90$37
41 years$661$411$246$144$82$32
42 years$638$391$231$132$74$29
43 years$616$373$217$122$67$25
44 years$595$355$203$113$61$22
45 years$575$339$191$104$56$20
46 years$557$323$179$96$50$17
47 years$539$308$169$89$46$15
48 years$521$294$158$82$42$14
49 years$505$281$149$76$38$12
50 years$489$269$140$70$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $501,000, adding $6,444 every year, while hoping to spend $26,102 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: 75/17/8 Blend
49$501,000$501,000$501,000$501,000
50$558,749$532,196$524,430$599,491
51$587,969$530,501$514,227$625,507
52$619,295$527,849$502,806$650,057
53$652,913$524,164$490,100$676,214
54$689,030$519,367$476,038$704,128
55$727,871$513,376$460,545$733,965
56$769,683$506,100$443,543$765,906
57$814,738$497,447$424,949$800,153
58$863,335$487,316$404,679$836,928
59$915,802$475,601$382,642$876,476
60$972,499$462,191$358,746$919,067
61$1,033,824$446,968$332,894$965,001
62$1,100,210$429,805$304,982$1,014,605
63$1,172,137$410,572$274,904$1,068,244
64$1,250,131$389,126$242,550$1,126,318
65$1,334,772$365,321$207,803$1,189,270
66$1,426,696$338,998$170,541$1,257,588
67$1,526,602$309,993$130,638$1,331,811
68$1,635,262$278,129$87,961$1,412,533
69$1,753,524$243,222$42,372$1,500,412
70$1,882,319$205,076$0$1,596,170
71$2,022,674$163,483$0$1,701,144
72$2,175,719$118,226$0$1,819,572
73$2,342,697$69,073$0$1,948,822
74$2,524,975$15,781$0$2,089,980
75$2,724,060$0$0$2,244,245
76$2,941,611$0$0$2,420,779
77$3,179,452$0$0$2,617,025
78$3,439,594$0$0$2,831,692
79$3,724,248$0$0$3,066,608
80$4,035,853$0$0$3,323,788
81$4,377,092$0$0$3,605,448
82$4,750,918$0$0$3,914,031
83$5,160,586$0$0$4,252,225
84$5,609,681$0$0$4,622,992
85$6,102,148$0$0$5,029,594
86$6,642,336$0$0$5,475,624
87$7,235,034$0$0$5,965,039
88$7,885,514$0$0$6,502,197
89$8,599,587$0$0$7,091,901
90$9,383,653$0$0$7,739,438
91$10,244,761$0$0$8,450,635
92$11,190,678$0$0$9,231,910
93$12,229,958$0$0$10,090,334
94$13,372,026$0$0$11,033,695
95$14,627,265$0$0$12,070,574
96$16,007,115$0$0$13,210,426
97$17,524,177$0$0$14,463,665
98$19,192,336$0$0$15,841,766
99$21,026,889$0$0$17,357,372
100$23,044,690$0$0$19,024,412