Can I retire at age 50 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$42,446$42,068$41,699$41,339$40,987$40,425
2 years$21,013$20,621$20,242$19,874$19,518$18,952
3 years$13,869$13,476$13,098$12,734$12,383$11,832
4 years$10,298$9,906$9,532$9,174$8,832$8,299
5 years$8,156$7,767$7,397$7,046$6,714$6,201
6 years$6,729$6,342$5,978$5,635$5,312$4,820
7 years$5,709$5,326$4,968$4,633$4,320$3,849
8 years$4,945$4,566$4,213$3,886$3,584$3,134
9 years$4,351$3,975$3,629$3,310$3,018$2,589
10 years$3,876$3,504$3,164$2,854$2,572$2,163
11 years$3,488$3,119$2,785$2,483$2,212$1,823
12 years$3,165$2,800$2,472$2,178$1,917$1,547
13 years$2,891$2,530$2,208$1,923$1,671$1,321
14 years$2,657$2,300$1,984$1,707$1,465$1,133
15 years$2,454$2,101$1,791$1,522$1,290$976
16 years$2,277$1,928$1,624$1,363$1,140$844
17 years$2,121$1,775$1,478$1,225$1,011$731
18 years$1,982$1,640$1,349$1,104$899$635
19 years$1,858$1,520$1,235$997$801$553
20 years$1,747$1,413$1,134$903$716$482
21 years$1,646$1,316$1,043$820$640$421
22 years$1,555$1,228$961$745$574$368
23 years$1,472$1,149$887$679$515$322
24 years$1,395$1,076$821$619$463$283
25 years$1,325$1,010$760$565$417$248
26 years$1,261$949$705$517$375$218
27 years$1,201$893$655$473$338$191
28 years$1,146$842$608$434$305$168
29 years$1,094$794$566$398$276$148
30 years$1,046$750$527$365$249$130
31 years$1,002$709$492$335$225$114
32 years$960$671$459$308$204$101
33 years$920$635$428$283$184$89
34 years$884$602$400$261$167$78
35 years$849$571$374$240$151$69
36 years$816$542$350$221$137$61
37 years$786$515$328$204$124$53
38 years$756$489$307$188$113$47
39 years$729$465$287$173$102$42
40 years$703$443$269$160$93$37
41 years$678$421$253$147$84$32
42 years$654$401$237$136$76$29
43 years$632$382$222$125$69$25
44 years$611$364$209$116$63$22
45 years$590$348$196$107$57$20
46 years$571$332$184$99$52$17
47 years$553$316$173$91$47$15
48 years$535$302$163$84$43$13
49 years$518$288$153$78$39$12
50 years$502$276$144$72$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $514,000, adding $6,221 every year, while hoping to spend $34,333 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: 41/35/24 Blend
49$514,000$514,000$514,000$514,000
50$572,845$545,603$537,636$592,066
51$594,745$535,807$519,117$596,649
52$617,728$524,381$498,826$597,882
53$641,869$511,208$476,669$598,537
54$667,248$496,165$452,546$598,579
55$693,952$479,123$426,351$597,975
56$722,077$459,942$397,976$596,689
57$751,728$438,478$367,307$594,688
58$783,017$414,576$334,225$591,937
59$816,068$388,073$298,604$588,400
60$851,015$358,797$260,316$584,042
61$888,005$326,565$219,223$578,831
62$927,200$291,185$175,185$572,732
63$968,773$252,452$128,053$565,713
64$1,012,918$210,152$77,673$557,743
65$1,059,844$164,057$23,883$548,795
66$1,109,779$113,927$0$538,841
67$1,162,975$59,509$0$536,442
68$1,219,708$534$0$540,080
69$1,280,278$0$0$543,665
70$1,345,015$0$0$571,606
71$1,414,280$0$0$601,765
72$1,488,471$0$0$634,113
73$1,568,023$0$0$668,846
74$1,653,412$0$0$706,178
75$1,745,163$0$0$746,346
76$1,843,850$0$0$789,607
77$1,950,104$0$0$836,245
78$2,064,619$0$0$886,572
79$2,188,156$0$0$940,931
80$2,321,552$0$0$999,699
81$2,465,725$0$0$1,063,289
82$2,621,687$0$0$1,132,156
83$2,790,547$0$0$1,206,801
84$2,973,526$0$0$1,287,773
85$3,171,967$0$0$1,375,677
86$3,387,346$0$0$1,471,179
87$3,621,287$0$0$1,575,010
88$3,875,575$0$0$1,687,976
89$4,152,175$0$0$1,810,962
90$4,453,250$0$0$1,944,944
91$4,781,176$0$0$2,090,993
92$5,138,573$0$0$2,250,291
93$5,528,320$0$0$2,424,137
94$5,953,589$0$0$2,613,961
95$6,417,868$0$0$2,821,338
96$6,924,999$0$0$3,048,001
97$7,479,212$0$0$3,295,859
98$8,085,162$0$0$3,567,012
99$8,747,976$0$0$3,863,775
100$9,473,298$0$0$4,188,695