Can I retire at age 50 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$42,115$41,740$41,374$41,017$40,668$40,210
2 years$20,849$20,461$20,085$19,720$19,366$18,905
3 years$13,761$13,371$12,996$12,635$12,286$11,836
4 years$10,218$9,829$9,458$9,103$8,763$8,328
5 years$8,093$7,706$7,340$6,992$6,661$6,242
6 years$6,676$6,293$5,932$5,591$5,271$4,868
7 years$5,665$5,285$4,929$4,597$4,287$3,901
8 years$4,907$4,530$4,180$3,856$3,556$3,187
9 years$4,317$3,944$3,600$3,285$2,995$2,642
10 years$3,846$3,477$3,139$2,831$2,552$2,215
11 years$3,461$3,095$2,764$2,464$2,195$1,874
12 years$3,140$2,778$2,453$2,161$1,902$1,597
13 years$2,869$2,510$2,191$1,908$1,658$1,368
14 years$2,637$2,282$1,969$1,694$1,454$1,179
15 years$2,435$2,085$1,778$1,511$1,280$1,019
16 years$2,259$1,913$1,612$1,353$1,131$885
17 years$2,104$1,761$1,466$1,215$1,003$770
18 years$1,967$1,628$1,339$1,095$892$672
19 years$1,844$1,508$1,226$990$795$587
20 years$1,733$1,402$1,125$896$710$514
21 years$1,633$1,306$1,035$813$635$451
22 years$1,543$1,219$953$740$570$397
23 years$1,460$1,140$880$674$511$349
24 years$1,384$1,068$814$614$460$307
25 years$1,315$1,002$754$561$414$271
26 years$1,251$942$699$513$372$239
27 years$1,192$887$649$470$336$211
28 years$1,137$835$604$430$303$186
29 years$1,086$788$562$395$274$164
30 years$1,038$744$523$362$247$145
31 years$994$704$488$333$224$129
32 years$952$666$455$306$202$114
33 years$913$630$425$281$183$101
34 years$877$598$397$259$166$89
35 years$842$567$371$238$150$79
36 years$810$538$347$219$136$70
37 years$779$511$325$202$123$62
38 years$751$486$304$186$112$55
39 years$723$462$285$172$101$49
40 years$697$439$267$158$92$43
41 years$673$418$251$146$83$38
42 years$649$398$235$135$76$34
43 years$627$379$221$124$69$30
44 years$606$362$207$115$62$27
45 years$586$345$194$106$57$24
46 years$567$329$183$98$51$21
47 years$548$314$172$91$47$19
48 years$531$300$161$84$42$16
49 years$514$286$152$77$38$15
50 years$498$273$143$71$35$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $510,000, adding $2,587 every year, while hoping to spend $23,346 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: 66/21/13 Blend
49$510,000$510,000$510,000$510,000
50$564,688$537,658$529,753$600,106
51$597,447$539,164$522,660$625,565
52$632,764$539,960$514,547$650,402
53$670,876$539,989$505,355$676,959
54$712,044$539,186$495,022$705,404
55$756,551$537,486$483,485$735,921
56$804,713$534,816$470,675$768,713
57$856,873$531,101$456,522$804,006
58$913,411$526,263$440,953$842,047
59$974,744$520,214$423,889$883,110
60$1,041,331$512,867$405,252$927,499
61$1,113,674$504,126$384,956$975,548
62$1,192,330$493,888$362,913$1,027,627
63$1,277,908$482,049$339,030$1,084,143
64$1,371,079$468,495$313,213$1,145,547
65$1,472,583$453,105$285,360$1,212,336
66$1,583,233$435,753$255,365$1,285,061
67$1,703,923$416,305$223,120$1,364,326
68$1,835,638$394,619$188,510$1,450,803
69$1,979,462$370,545$151,414$1,545,231
70$2,136,589$343,923$111,708$1,648,426
71$2,308,333$314,587$69,262$1,761,288
72$2,496,139$282,358$23,938$1,884,814
73$2,701,601$247,049$0$2,020,100
74$2,926,471$208,462$0$2,171,747
75$3,172,682$166,387$0$2,341,469
76$3,442,359$120,604$0$2,527,439
77$3,737,845$70,878$0$2,731,308
78$4,061,717$16,963$0$2,954,898
79$4,416,816$0$0$3,200,217
80$4,806,271$0$0$3,479,047
81$5,233,527$0$0$3,789,275
82$5,702,380$0$0$4,129,739
83$6,217,008$0$0$4,503,481
84$6,782,018$0$0$4,913,848
85$7,402,481$0$0$5,364,530
86$8,083,986$0$0$5,859,589
87$8,832,687$0$0$6,403,503
88$9,655,366$0$0$7,001,202
89$10,559,493$0$0$7,658,120
90$11,553,299$0$0$8,380,241
91$12,645,850$0$0$9,174,160
92$13,847,136$0$0$10,047,142
93$15,168,162$0$0$11,007,189
94$16,621,054$0$0$12,063,122
95$18,219,172$0$0$13,224,656
96$19,977,236$0$0$14,502,496
97$21,911,463$0$0$15,908,436
98$24,039,722$0$0$17,455,473
99$26,381,702$0$0$19,157,926
100$28,959,097$0$0$21,031,571