Can I retire at age 50 with 303,000?

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 $303,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$25,021$24,799$24,581$24,369$24,162$23,501
2 years$12,387$12,156$11,933$11,716$11,506$10,845
3 years$8,176$7,944$7,721$7,506$7,300$6,660
4 years$6,071$5,840$5,619$5,408$5,206$4,592
5 years$4,808$4,578$4,361$4,154$3,958$3,370
6 years$3,967$3,739$3,524$3,322$3,132$2,572
7 years$3,366$3,140$2,928$2,731$2,547$2,015
8 years$2,915$2,691$2,484$2,291$2,113$1,608
9 years$2,565$2,343$2,139$1,951$1,779$1,302
10 years$2,285$2,065$1,865$1,682$1,516$1,065
11 years$2,056$1,839$1,642$1,464$1,304$879
12 years$1,866$1,650$1,457$1,284$1,130$729
13 years$1,704$1,491$1,302$1,134$985$609
14 years$1,566$1,356$1,170$1,006$864$510
15 years$1,447$1,238$1,056$897$760$429
16 years$1,342$1,136$957$804$672$362
17 years$1,250$1,046$871$722$596$306
18 years$1,169$967$795$651$530$260
19 years$1,095$896$728$588$472$220
20 years$1,030$833$668$533$422$187
21 years$970$776$615$483$378$159
22 years$917$724$566$439$338$136
23 years$867$677$523$400$304$116
24 years$822$635$484$365$273$99
25 years$781$595$448$333$246$84
26 years$743$560$416$305$221$72
27 years$708$527$386$279$200$62
28 years$675$496$359$256$180$53
29 years$645$468$334$234$163$45
30 years$617$442$311$215$147$39
31 years$590$418$290$198$133$33
32 years$566$396$270$182$120$28
33 years$543$375$253$167$109$24
34 years$521$355$236$154$98$21
35 years$500$337$221$141$89$18
36 years$481$320$206$130$81$15
37 years$463$304$193$120$73$13
38 years$446$288$181$111$66$11
39 years$430$274$169$102$60$10
40 years$414$261$159$94$55$8
41 years$400$248$149$87$50$7
42 years$386$237$140$80$45$6
43 years$373$225$131$74$41$5
44 years$360$215$123$68$37$4
45 years$348$205$116$63$34$4
46 years$337$195$109$58$31$3
47 years$326$187$102$54$28$3
48 years$315$178$96$50$25$2
49 years$305$170$90$46$23$2
50 years$296$162$85$42$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $303,000, adding $3,562 every year, while hoping to spend $23,698 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: 57/37/6 Blend
49$303,000$303,000$303,000$303,000
50$337,580$321,521$316,825$356,198
51$346,799$312,061$302,224$359,673
52$356,164$301,344$286,340$360,473
53$365,664$289,281$269,104$360,754
54$375,289$275,783$250,446$360,470
55$385,024$260,752$230,291$359,569
56$394,852$244,084$208,562$357,997
57$404,756$225,673$185,177$355,694
58$414,712$205,403$160,052$352,598
59$424,698$183,153$133,099$348,640
60$434,684$158,794$104,225$343,748
61$444,639$132,192$73,334$337,842
62$454,527$103,204$40,324$330,840
63$464,305$71,678$5,092$322,648
64$473,929$37,454$0$313,171
65$483,345$365$0$304,384
66$492,496$0$0$294,575
67$501,316$0$0$299,496
68$509,731$0$0$304,296
69$517,658$0$0$308,775
70$525,006$0$0$312,875
71$531,671$0$0$316,529
72$537,539$0$0$319,666
73$542,483$0$0$322,205
74$546,360$0$0$324,056
75$549,011$0$0$325,118
76$550,260$0$0$325,281
77$549,912$0$0$324,422
78$547,750$0$0$322,402
79$543,533$0$0$319,070
80$536,992$0$0$314,258
81$527,832$0$0$307,778
82$515,724$0$0$299,424
83$500,303$0$0$288,965
84$481,167$0$0$276,148
85$457,868$0$0$260,691
86$429,913$0$0$242,284
87$396,755$0$0$220,581
88$357,789$0$0$195,203
89$312,347$0$0$165,728
90$259,688$0$0$131,691
91$198,995$0$0$92,578
92$129,366$0$0$47,820
93$49,802$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