Can I retire at age 50 with 253,000?

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 $253,000?

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$20,893$20,706$20,525$20,348$20,175$20,039
2 years$10,343$10,150$9,964$9,783$9,607$9,470
3 years$6,827$6,633$6,447$6,268$6,095$5,961
4 years$5,069$4,876$4,692$4,516$4,347$4,218
5 years$4,015$3,823$3,641$3,468$3,305$3,180
6 years$3,312$3,122$2,942$2,774$2,615$2,494
7 years$2,810$2,622$2,445$2,280$2,127$2,011
8 years$2,434$2,247$2,074$1,913$1,764$1,653
9 years$2,142$1,957$1,786$1,629$1,486$1,379
10 years$1,908$1,725$1,557$1,405$1,266$1,164
11 years$1,717$1,535$1,371$1,222$1,089$992
12 years$1,558$1,378$1,217$1,072$943$851
13 years$1,423$1,245$1,087$947$823$734
14 years$1,308$1,132$977$840$721$637
15 years$1,208$1,034$882$749$635$555
16 years$1,121$949$799$671$561$485
17 years$1,044$874$727$603$498$426
18 years$976$807$664$543$442$374
19 years$915$748$608$491$394$330
20 years$860$695$558$445$352$291
21 years$810$648$513$404$315$258
22 years$765$605$473$367$283$228
23 years$724$565$437$334$254$202
24 years$687$530$404$305$228$180
25 years$652$497$374$278$205$160
26 years$620$467$347$254$185$142
27 years$591$440$322$233$167$127
28 years$564$414$300$213$150$113
29 years$539$391$279$196$136$101
30 years$515$369$260$180$123$90
31 years$493$349$242$165$111$80
32 years$472$330$226$152$100$71
33 years$453$313$211$139$91$64
34 years$435$296$197$128$82$57
35 years$418$281$184$118$74$51
36 years$402$267$172$109$67$46
37 years$387$253$161$100$61$41
38 years$372$241$151$92$55$36
39 years$359$229$141$85$50$33
40 years$346$218$133$79$46$29
41 years$334$207$124$72$41$26
42 years$322$198$117$67$38$23
43 years$311$188$109$62$34$21
44 years$301$179$103$57$31$19
45 years$291$171$96$53$28$17
46 years$281$163$91$49$25$15
47 years$272$156$85$45$23$13
48 years$263$149$80$42$21$12
49 years$255$142$75$38$19$11
50 years$247$136$71$35$17$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $253,000, adding $3,307 every year, while hoping to spend $20,046 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: 68/12/20 Blend
49$253,000$253,000$253,000$253,000
50$282,217$268,808$264,887$299,792
51$289,675$260,651$252,432$303,807
52$297,221$251,422$238,887$305,555
53$304,844$241,048$224,196$306,982
54$312,529$229,451$208,299$308,053
55$320,261$216,548$191,131$308,735
56$328,021$202,253$172,627$308,988
57$335,788$186,472$152,719$308,772
58$343,539$169,109$131,335$308,040
59$351,244$150,060$108,399$306,744
60$358,875$129,217$83,835$304,832
61$366,396$106,464$57,559$302,245
62$373,768$81,681$29,487$298,922
63$380,947$54,738$0$294,795
64$387,883$25,499$0$289,892
65$394,522$0$0$290,754
66$400,800$0$0$291,831
67$406,649$0$0$295,946
68$411,991$0$0$299,672
69$416,740$0$0$302,945
70$420,798$0$0$305,693
71$424,060$0$0$307,833
72$426,405$0$0$309,277
73$427,700$0$0$309,925
74$427,799$0$0$309,666
75$426,536$0$0$308,376
76$423,731$0$0$305,919
77$419,180$0$0$302,143
78$412,660$0$0$296,881
79$403,923$0$0$289,944
80$392,694$0$0$281,128
81$378,668$0$0$270,204
82$361,508$0$0$256,918
83$340,840$0$0$240,990
84$316,252$0$0$222,110
85$287,286$0$0$199,935
86$253,437$0$0$174,087
87$214,146$0$0$144,145
88$168,795$0$0$109,647
89$116,702$0$0$70,080
90$57,112$0$0$24,878
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0