Can I retire at age 50 with 506,000?

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 $506,000?

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$41,785$41,413$41,050$40,695$40,349$39,978
2 years$20,686$20,300$19,927$19,565$19,214$18,840
3 years$13,653$13,267$12,894$12,535$12,190$11,825
4 years$10,138$9,752$9,384$9,031$8,694$8,340
5 years$8,029$7,646$7,282$6,937$6,609$6,268
6 years$6,624$6,243$5,885$5,547$5,230$4,901
7 years$5,621$5,243$4,890$4,561$4,253$3,938
8 years$4,868$4,494$4,147$3,826$3,528$3,227
9 years$4,284$3,913$3,572$3,259$2,971$2,683
10 years$3,816$3,449$3,114$2,809$2,532$2,256
11 years$3,434$3,071$2,742$2,445$2,177$1,915
12 years$3,115$2,756$2,433$2,144$1,887$1,637
13 years$2,846$2,491$2,174$1,893$1,645$1,407
14 years$2,616$2,264$1,953$1,681$1,442$1,216
15 years$2,416$2,068$1,764$1,499$1,270$1,055
16 years$2,242$1,898$1,599$1,342$1,122$919
17 years$2,088$1,748$1,455$1,206$995$803
18 years$1,951$1,615$1,328$1,087$885$703
19 years$1,829$1,497$1,216$982$789$617
20 years$1,720$1,391$1,116$889$704$542
21 years$1,621$1,295$1,026$807$630$477
22 years$1,531$1,209$946$734$565$421
23 years$1,449$1,131$873$668$507$372
24 years$1,374$1,060$808$610$456$329
25 years$1,305$994$748$557$410$291
26 years$1,241$935$694$509$370$257
27 years$1,182$880$644$466$333$228
28 years$1,128$829$599$427$301$202
29 years$1,077$782$557$391$271$180
30 years$1,030$738$519$359$245$159
31 years$986$698$484$330$222$142
32 years$945$660$452$303$201$126
33 years$906$625$422$279$182$112
34 years$870$593$394$257$164$99
35 years$836$562$368$236$149$88
36 years$804$534$345$218$135$79
37 years$773$507$323$200$122$70
38 years$745$482$302$185$111$62
39 years$717$458$283$170$101$55
40 years$692$436$265$157$91$49
41 years$667$415$249$145$83$44
42 years$644$395$233$134$75$39
43 years$622$376$219$123$68$35
44 years$601$359$205$114$62$31
45 years$581$342$193$105$56$28
46 years$562$326$181$97$51$25
47 years$544$312$170$90$46$22
48 years$527$297$160$83$42$20
49 years$510$284$150$77$38$17
50 years$494$271$141$71$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $506,000, adding $6,672 every year, while hoping to spend $20,416 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: 81/6/13 Blend
49$506,000$506,000$506,000$506,000
50$564,494$537,676$529,833$608,287
51$600,350$542,300$525,860$642,622
52$639,179$546,466$521,070$676,962
53$681,263$550,130$515,413$714,060
54$726,911$553,246$508,839$754,185
55$776,464$555,763$501,293$797,630
56$830,298$557,630$492,720$844,718
57$888,823$558,788$483,061$895,805
58$952,493$559,179$472,254$951,286
59$1,021,808$558,740$460,235$1,011,591
60$1,097,316$557,401$446,937$1,077,199
61$1,179,621$555,093$432,288$1,148,634
62$1,269,388$551,738$416,215$1,226,475
63$1,367,349$547,257$398,642$1,311,361
64$1,474,309$541,563$379,487$1,403,993
65$1,591,155$534,566$358,666$1,505,146
66$1,718,863$526,170$336,092$1,615,675
67$1,858,508$516,273$311,672$1,736,518
68$2,011,273$504,767$285,310$1,868,714
69$2,178,460$491,538$256,905$2,013,404
70$2,361,504$476,465$226,353$2,171,847
71$2,561,986$459,420$193,544$2,345,431
72$2,781,644$440,267$158,363$2,535,685
73$3,022,395$418,864$120,692$2,744,294
74$3,286,349$395,058$80,405$2,973,115
75$3,575,830$368,689$37,371$3,224,195
76$3,893,398$339,588$0$3,499,791
77$4,241,871$307,574$0$3,803,576
78$4,624,357$272,460$0$4,142,712
79$5,044,275$234,044$0$4,515,051
80$5,505,394$192,115$0$4,923,943
81$6,011,865$146,450$0$5,373,081
82$6,568,261$96,812$0$5,866,530
83$7,179,620$42,952$0$6,408,772
84$7,851,492$0$0$7,004,743
85$8,589,990$0$0$7,660,901
86$9,401,851$0$0$8,385,374
87$10,294,496$0$0$9,181,949
88$11,276,101$0$0$10,057,925
89$12,355,674$0$0$11,021,342
90$13,543,139$0$0$12,081,058
91$14,849,433$0$0$13,246,836
92$16,286,603$0$0$14,529,428
93$17,867,923$0$0$15,940,684
94$19,608,021$0$0$17,493,660
95$21,523,013$0$0$19,202,741
96$23,630,655$0$0$21,083,777
97$25,950,514$0$0$23,154,233
98$28,504,149$0$0$25,433,353
99$31,315,315$0$0$27,942,340
100$34,410,188$0$0$30,704,560