Can I retire at age 50 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$41,537$41,167$40,806$40,454$40,110$38,519
2 years$20,563$20,180$19,809$19,449$19,100$17,516
3 years$13,572$13,188$12,818$12,461$12,118$10,592
4 years$10,078$9,694$9,328$8,978$8,643$7,186
5 years$7,982$7,601$7,239$6,896$6,570$5,186
6 years$6,585$6,206$5,850$5,514$5,199$3,889
7 years$5,587$5,212$4,861$4,534$4,228$2,991
8 years$4,839$4,468$4,123$3,803$3,507$2,343
9 years$4,258$3,890$3,551$3,240$2,954$1,860
10 years$3,793$3,429$3,096$2,793$2,517$1,491
11 years$3,413$3,053$2,726$2,430$2,164$1,205
12 years$3,097$2,740$2,419$2,132$1,876$979
13 years$2,829$2,476$2,161$1,882$1,636$800
14 years$2,600$2,251$1,942$1,671$1,434$656
15 years$2,402$2,056$1,753$1,490$1,262$539
16 years$2,228$1,886$1,589$1,334$1,116$445
17 years$2,076$1,737$1,446$1,199$989$367
18 years$1,940$1,605$1,320$1,080$880$304
19 years$1,819$1,488$1,209$976$784$252
20 years$1,710$1,382$1,109$884$700$209
21 years$1,611$1,288$1,020$802$627$173
22 years$1,522$1,202$940$729$562$144
23 years$1,440$1,124$868$664$504$120
24 years$1,365$1,053$803$606$453$100
25 years$1,297$989$744$553$408$83
26 years$1,234$929$690$506$367$69
27 years$1,175$874$641$463$331$57
28 years$1,121$824$595$424$299$48
29 years$1,071$777$554$389$270$40
30 years$1,024$734$516$357$244$33
31 years$980$694$481$328$220$28
32 years$939$657$449$301$199$23
33 years$901$622$419$277$180$19
34 years$865$589$392$255$163$16
35 years$831$559$366$235$148$13
36 years$799$531$343$216$134$11
37 years$769$504$321$199$122$9
38 years$740$479$300$184$110$8
39 years$713$455$281$169$100$6
40 years$688$433$264$156$91$5
41 years$663$412$247$144$82$4
42 years$640$393$232$133$75$4
43 years$618$374$218$123$68$3
44 years$598$357$204$113$61$3
45 years$578$340$192$105$56$2
46 years$559$324$180$97$51$2
47 years$541$310$169$89$46$2
48 years$523$296$159$83$42$1
49 years$507$282$149$76$38$1
50 years$491$270$141$71$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $503,000, adding $3,003 every year, while hoping to spend $22,216 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: 52/21/27 Blend
49$503,000$503,000$503,000$503,000
50$557,404$530,745$522,948$582,034
51$590,621$533,113$516,829$601,818
52$626,482$534,854$509,761$620,833
53$665,233$535,911$501,687$641,075
54$707,144$536,228$492,551$662,669
55$752,513$535,744$482,292$685,757
56$801,667$534,393$470,846$710,494
57$854,965$532,106$458,148$737,051
58$912,803$528,810$444,127$765,621
59$975,614$524,428$428,711$796,414
60$1,043,879$518,876$411,824$829,667
61$1,118,122$512,068$393,388$865,638
62$1,198,922$503,912$373,318$904,616
63$1,286,917$494,308$351,529$946,920
64$1,382,806$483,154$327,929$992,905
65$1,487,363$470,338$302,425$1,042,960
66$1,601,434$455,745$274,917$1,097,520
67$1,725,956$439,252$245,302$1,157,064
68$1,861,955$420,727$213,471$1,222,123
69$2,010,565$400,033$179,313$1,293,283
70$2,173,032$377,024$142,709$1,371,195
71$2,350,728$351,545$103,537$1,456,575
72$2,545,164$323,433$61,668$1,550,220
73$2,758,006$292,516$16,968$1,653,005
74$2,991,083$258,610$0$1,765,903
75$3,246,415$221,524$0$1,898,842
76$3,526,224$181,053$0$2,049,944
77$3,832,956$136,982$0$2,215,671
78$4,169,308$89,084$0$2,397,518
79$4,538,247$37,118$0$2,597,132
80$4,943,043$0$0$2,816,331
81$5,387,298$0$0$3,061,548
82$5,874,980$0$0$3,340,202
83$6,410,457$0$0$3,646,221
84$6,998,545$0$0$3,982,361
85$7,644,545$0$0$4,351,660
86$8,354,300$0$0$4,757,466
87$9,134,245$0$0$5,203,464
88$9,991,471$0$0$5,693,718
89$10,933,788$0$0$6,232,702
90$11,969,801$0$0$6,825,346
91$13,108,993$0$0$7,477,082
92$14,361,807$0$0$8,193,896
93$15,739,753$0$0$8,982,380
94$17,255,510$0$0$9,849,800
95$18,923,049$0$0$10,804,160
96$20,757,762$0$0$11,854,280
97$22,776,610$0$0$13,009,877
98$24,998,279$0$0$14,281,658
99$27,443,360$0$0$15,681,422
100$30,134,539$0$0$17,222,166