Can I retire at age 50 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$43,189$42,804$42,429$42,062$41,705$41,425
2 years$21,381$20,982$20,597$20,222$19,859$19,577
3 years$14,112$13,712$13,327$12,957$12,600$12,323
4 years$10,479$10,080$9,699$9,335$8,986$8,718
5 years$8,299$7,903$7,527$7,170$6,831$6,573
6 years$6,847$6,453$6,083$5,734$5,405$5,156
7 years$5,809$5,419$5,055$4,714$4,396$4,157
8 years$5,032$4,645$4,287$3,954$3,647$3,417
9 years$4,428$4,045$3,692$3,368$3,071$2,851
10 years$3,944$3,565$3,219$2,904$2,617$2,407
11 years$3,549$3,174$2,834$2,527$2,251$2,050
12 years$3,220$2,849$2,515$2,216$1,950$1,759
13 years$2,942$2,574$2,247$1,957$1,701$1,518
14 years$2,704$2,340$2,019$1,737$1,491$1,317
15 years$2,497$2,138$1,823$1,549$1,313$1,148
16 years$2,317$1,961$1,653$1,387$1,160$1,003
17 years$2,158$1,806$1,504$1,246$1,029$880
18 years$2,017$1,669$1,373$1,123$915$774
19 years$1,891$1,547$1,257$1,015$815$682
20 years$1,778$1,437$1,153$919$728$602
21 years$1,675$1,339$1,061$834$652$533
22 years$1,582$1,250$978$758$584$472
23 years$1,497$1,169$903$691$524$419
24 years$1,420$1,095$835$630$471$372
25 years$1,348$1,028$773$575$424$330
26 years$1,283$966$717$526$382$294
27 years$1,222$909$666$482$344$262
28 years$1,166$857$619$441$311$233
29 years$1,113$808$576$405$281$208
30 years$1,065$763$537$371$254$185
31 years$1,019$721$500$341$229$166
32 years$977$683$467$313$207$148
33 years$937$646$436$288$188$132
34 years$899$613$407$265$170$118
35 years$864$581$381$244$154$105
36 years$831$552$356$225$139$94
37 years$799$524$333$207$126$84
38 years$770$498$312$191$115$75
39 years$742$473$292$176$104$67
40 years$715$450$274$162$94$60
41 years$690$429$257$150$85$54
42 years$666$408$241$138$78$48
43 years$643$389$226$128$70$43
44 years$621$371$212$118$64$39
45 years$601$354$199$109$58$35
46 years$581$337$187$101$53$31
47 years$562$322$176$93$48$28
48 years$544$307$165$86$43$25
49 years$527$294$155$79$39$22
50 years$511$280$146$73$36$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $523,000, adding $5,369 every year, while hoping to spend $28,976 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: 56/30/14 Blend
49$523,000$523,000$523,000$523,000
50$581,884$554,165$546,059$612,074
51$610,406$550,489$533,521$629,487
52$640,866$545,662$519,593$644,824
53$673,431$539,596$504,196$660,861
54$708,285$532,200$487,250$677,669
55$745,628$523,375$468,671$695,330
56$785,680$513,019$448,370$713,935
57$828,684$501,021$426,254$733,584
58$874,904$487,265$402,228$754,392
59$924,632$471,629$376,191$776,485
60$978,187$453,982$348,036$800,003
61$1,035,922$434,187$317,655$825,105
62$1,098,221$412,097$284,931$851,966
63$1,165,509$387,559$249,746$880,782
64$1,238,251$360,409$211,972$911,770
65$1,316,959$330,476$171,480$945,175
66$1,402,196$297,577$128,132$981,266
67$1,494,581$261,519$81,786$1,020,344
68$1,594,794$222,100$32,291$1,062,743
69$1,703,584$179,103$0$1,108,835
70$1,821,773$132,302$0$1,162,099
71$1,950,266$81,458$0$1,225,275
72$2,090,060$26,316$0$1,294,068
73$2,242,251$0$0$1,369,071
74$2,408,043$0$0$1,461,962
75$2,588,765$0$0$1,572,730
76$2,785,875$0$0$1,693,588
77$3,000,982$0$0$1,825,527
78$3,235,855$0$0$1,969,639
79$3,492,442$0$0$2,127,125
80$3,772,885$0$0$2,299,306
81$4,079,547$0$0$2,487,639
82$4,415,026$0$0$2,693,727
83$4,782,184$0$0$2,919,335
84$5,184,172$0$0$3,166,407
85$5,624,460$0$0$3,437,083
86$6,106,869$0$0$3,733,720
87$6,635,609$0$0$4,058,915
88$7,215,315$0$0$4,415,527
89$7,851,091$0$0$4,806,706
90$8,548,560$0$0$5,235,920
91$9,313,916$0$0$5,706,990
92$10,153,980$0$0$6,224,125
93$11,076,268$0$0$6,791,961
94$12,089,056$0$0$7,415,604
95$13,201,463$0$0$8,100,682
96$14,423,534$0$0$8,853,391
97$15,766,335$0$0$9,680,559
98$17,242,058$0$0$10,589,709
99$18,864,132$0$0$11,589,126
100$20,647,355$0$0$12,687,941