Can I retire at age 50 with 278,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $278,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$22,957$22,752$22,553$22,358$22,168$21,909
2 years$11,365$11,153$10,948$10,749$10,556$10,296
3 years$7,501$7,289$7,084$6,887$6,697$6,443
4 years$5,570$5,358$5,155$4,962$4,777$4,531
5 years$4,411$4,201$4,001$3,811$3,631$3,394
6 years$3,639$3,430$3,233$3,048$2,873$2,646
7 years$3,088$2,881$2,687$2,506$2,337$2,119
8 years$2,675$2,469$2,279$2,102$1,938$1,730
9 years$2,353$2,150$1,963$1,790$1,632$1,433
10 years$2,097$1,895$1,711$1,543$1,391$1,201
11 years$1,887$1,687$1,506$1,343$1,196$1,015
12 years$1,712$1,514$1,337$1,178$1,037$865
13 years$1,564$1,368$1,194$1,040$904$741
14 years$1,437$1,244$1,073$923$792$637
15 years$1,327$1,136$969$823$698$551
16 years$1,232$1,043$878$737$617$478
17 years$1,147$960$799$662$547$416
18 years$1,072$887$730$597$486$362
19 years$1,005$822$668$539$433$317
20 years$945$764$613$489$387$277
21 years$890$712$564$443$346$243
22 years$841$664$520$403$310$213
23 years$796$621$480$367$279$187
24 years$755$582$444$335$250$165
25 years$717$546$411$306$225$145
26 years$682$513$381$280$203$128
27 years$650$483$354$256$183$113
28 years$620$455$329$235$165$100
29 years$592$430$306$215$149$88
30 years$566$406$285$197$135$78
31 years$542$384$266$181$122$69
32 years$519$363$248$167$110$61
33 years$498$344$232$153$100$54
34 years$478$326$216$141$90$47
35 years$459$309$202$130$82$42
36 years$442$293$189$119$74$37
37 years$425$278$177$110$67$33
38 years$409$265$166$101$61$29
39 years$394$252$155$94$55$26
40 years$380$239$146$86$50$23
41 years$367$228$137$80$45$20
42 years$354$217$128$73$41$18
43 years$342$207$120$68$37$16
44 years$330$197$113$63$34$14
45 years$319$188$106$58$31$12
46 years$309$179$100$53$28$11
47 years$299$171$94$49$25$10
48 years$289$163$88$46$23$9
49 years$280$156$83$42$21$8
50 years$271$149$78$39$19$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $278,000, adding $2,258 every year, while hoping to spend $20,409 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: 86/9/5 Blend
49$278,000$278,000$278,000$278,000
50$308,685$293,951$289,642$335,048
51$318,456$286,640$277,630$345,252
52$328,539$278,286$264,532$353,407
53$338,946$268,817$250,289$361,706
54$349,686$258,157$234,841$370,148
55$360,771$246,224$218,125$378,733
56$372,212$232,931$200,075$387,461
57$384,021$218,188$180,621$396,331
58$396,211$201,900$159,692$405,342
59$408,795$183,963$137,211$414,492
60$421,785$164,270$113,101$423,780
61$435,196$142,708$87,279$433,205
62$449,043$119,157$59,659$442,764
63$463,339$93,490$30,152$452,456
64$478,101$65,573$0$462,276
65$493,346$35,264$0$472,295
66$509,089$2,414$0$484,159
67$525,349$0$0$496,258
68$542,144$0$0$511,877
69$559,493$0$0$528,259
70$577,417$0$0$545,183
71$595,935$0$0$562,669
72$615,071$0$0$580,737
73$634,846$0$0$599,410
74$655,285$0$0$618,710
75$676,413$0$0$638,660
76$698,256$0$0$659,286
77$720,842$0$0$680,614
78$744,200$0$0$702,670
79$768,359$0$0$725,484
80$793,353$0$0$749,086
81$819,215$0$0$773,508
82$845,981$0$0$798,783
83$873,687$0$0$824,948
84$902,374$0$0$852,039
85$932,084$0$0$880,096
86$962,861$0$0$909,161
87$994,751$0$0$939,278
88$1,027,805$0$0$970,495
89$1,062,076$0$0$1,002,862
90$1,097,620$0$0$1,036,431
91$1,134,496$0$0$1,071,260
92$1,172,769$0$0$1,107,408
93$1,212,506$0$0$1,144,940
94$1,253,780$0$0$1,183,924
95$1,296,668$0$0$1,224,434
96$1,341,253$0$0$1,266,548
97$1,387,624$0$0$1,310,351
98$1,435,876$0$0$1,355,931
99$1,486,111$0$0$1,403,387
100$1,538,440$0$0$1,452,821