Can I retire at age 50 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,363$41,986$41,618$41,258$40,907$40,514
2 years$20,972$20,581$20,203$19,836$19,480$19,083
3 years$13,842$13,450$13,072$12,709$12,359$11,972
4 years$10,278$9,887$9,513$9,156$8,814$8,440
5 years$8,140$7,752$7,383$7,033$6,701$6,339
6 years$6,716$6,330$5,966$5,624$5,302$4,955
7 years$5,698$5,316$4,958$4,624$4,312$3,979
8 years$4,936$4,557$4,205$3,879$3,577$3,258
9 years$4,343$3,967$3,622$3,304$3,012$2,707
10 years$3,869$3,497$3,157$2,848$2,567$2,275
11 years$3,481$3,113$2,780$2,479$2,207$1,930
12 years$3,159$2,794$2,467$2,174$1,913$1,648
13 years$2,886$2,525$2,204$1,919$1,668$1,417
14 years$2,652$2,295$1,980$1,704$1,462$1,223
15 years$2,450$2,097$1,788$1,520$1,288$1,061
16 years$2,273$1,924$1,621$1,361$1,138$923
17 years$2,117$1,772$1,475$1,222$1,009$806
18 years$1,978$1,637$1,347$1,102$897$705
19 years$1,855$1,517$1,233$995$800$618
20 years$1,744$1,410$1,131$902$714$543
21 years$1,643$1,313$1,041$818$639$478
22 years$1,552$1,226$959$744$573$421
23 years$1,469$1,147$886$678$514$372
24 years$1,393$1,074$819$618$462$328
25 years$1,323$1,008$759$564$416$290
26 years$1,258$948$704$516$375$257
27 years$1,199$892$653$472$338$227
28 years$1,143$840$607$433$305$201
29 years$1,092$793$565$397$275$179
30 years$1,044$749$526$364$249$158
31 years$1,000$708$491$334$225$141
32 years$958$670$458$307$203$125
33 years$919$634$428$283$184$111
34 years$882$601$399$260$167$98
35 years$847$570$373$239$151$87
36 years$815$541$349$221$137$78
37 years$784$514$327$203$124$69
38 years$755$488$306$187$112$61
39 years$727$464$287$173$102$55
40 years$701$442$269$159$92$49
41 years$677$421$252$147$84$43
42 years$653$401$237$136$76$38
43 years$631$382$222$125$69$34
44 years$610$364$208$116$63$30
45 years$589$347$196$107$57$27
46 years$570$331$184$99$52$24
47 years$551$316$173$91$47$21
48 years$534$301$162$84$43$19
49 years$517$288$152$78$39$17
50 years$501$275$143$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $513,000, adding $6,136 every year, while hoping to spend $28,589 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: 79/15/6 Blend
49$513,000$513,000$513,000$513,000
50$571,655$544,466$536,515$616,043
51$599,546$540,727$524,070$642,269
52$629,323$535,846$510,249$666,654
53$661,149$529,737$494,978$692,541
54$695,201$522,310$478,175$720,068
55$731,676$513,467$459,758$749,383
56$770,786$503,106$439,639$780,651
57$812,766$491,118$417,727$814,054
58$857,874$477,389$393,927$849,792
59$906,393$461,797$368,139$888,086
60$958,632$444,212$340,259$929,179
61$1,014,934$424,499$310,178$973,341
62$1,075,671$402,514$277,784$1,020,867
63$1,141,256$378,104$242,956$1,072,085
64$1,212,141$351,107$205,571$1,127,354
65$1,288,822$321,354$165,500$1,187,073
66$1,371,844$288,663$122,608$1,251,681
67$1,461,810$252,845$76,752$1,321,661
68$1,559,378$213,698$27,787$1,397,547
69$1,665,275$171,009$0$1,479,929
70$1,780,299$124,555$0$1,571,023
71$1,905,327$74,096$0$1,671,979
72$2,041,327$19,383$0$1,781,818
73$2,189,362$0$0$1,901,425
74$2,350,600$0$0$2,038,351
75$2,526,329$0$0$2,191,084
76$2,717,965$0$0$2,357,658
77$2,927,067$0$0$2,539,429
78$3,155,352$0$0$2,737,891
79$3,404,709$0$0$2,954,690
80$3,677,216$0$0$3,191,633
81$3,975,163$0$0$3,450,716
82$4,301,072$0$0$3,734,131
83$4,657,717$0$0$4,044,295
84$5,048,156$0$0$4,383,868
85$5,475,752$0$0$4,755,780
86$5,944,213$0$0$5,163,256
87$6,457,619$0$0$5,609,851
88$7,020,467$0$0$6,099,476
89$7,637,707$0$0$6,636,442
90$8,314,791$0$0$7,225,495
91$9,057,726$0$0$7,871,864
92$9,873,127$0$0$8,581,307
93$10,768,283$0$0$9,360,169
94$11,751,219$0$0$10,215,437
95$12,830,778$0$0$11,154,809
96$14,016,702$0$0$12,186,766
97$15,319,721$0$0$13,320,648
98$16,751,658$0$0$14,566,747
99$18,325,537$0$0$15,936,401
100$20,055,705$0$0$17,442,101