Can I retire at age 50 with 304,000?

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 $304,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$25,104$24,880$24,662$24,449$24,241$24,139
2 years$12,428$12,196$11,972$11,754$11,544$11,440
3 years$8,203$7,970$7,747$7,531$7,324$7,223
4 years$6,091$5,859$5,638$5,426$5,223$5,125
5 years$4,824$4,594$4,375$4,168$3,971$3,876
6 years$3,980$3,751$3,536$3,333$3,142$3,051
7 years$3,377$3,150$2,938$2,740$2,555$2,467
8 years$2,925$2,700$2,492$2,299$2,120$2,035
9 years$2,574$2,351$2,146$1,958$1,785$1,704
10 years$2,293$2,072$1,871$1,688$1,521$1,444
11 years$2,063$1,845$1,647$1,469$1,308$1,234
12 years$1,872$1,656$1,462$1,288$1,134$1,063
13 years$1,710$1,496$1,306$1,137$989$921
14 years$1,572$1,360$1,174$1,010$867$802
15 years$1,452$1,243$1,060$900$763$702
16 years$1,347$1,140$961$806$674$616
17 years$1,254$1,050$874$724$598$542
18 years$1,172$970$798$653$532$479
19 years$1,099$899$731$590$474$424
20 years$1,033$836$670$534$423$376
21 years$974$778$617$485$379$334
22 years$920$726$568$441$340$297
23 years$870$679$525$402$305$265
24 years$825$637$485$366$274$236
25 years$784$597$450$334$246$211
26 years$746$561$417$306$222$189
27 years$710$528$387$280$200$169
28 years$678$498$360$256$181$151
29 years$647$470$335$235$163$135
30 years$619$444$312$216$147$121
31 years$592$419$291$198$133$109
32 years$568$397$271$182$121$98
33 years$544$376$253$168$109$88
34 years$523$356$237$154$99$79
35 years$502$338$221$142$89$71
36 years$483$321$207$131$81$63
37 years$465$305$194$120$73$57
38 years$447$289$181$111$67$51
39 years$431$275$170$102$60$46
40 years$416$262$159$94$55$41
41 years$401$249$149$87$50$37
42 years$387$237$140$80$45$34
43 years$374$226$132$74$41$30
44 years$361$216$123$68$37$27
45 years$349$206$116$63$34$24
46 years$338$196$109$58$31$22
47 years$327$187$102$54$28$20
48 years$316$179$96$50$25$18
49 years$306$171$90$46$23$16
50 years$297$163$85$43$21$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $304,000, adding $5,835 every year, while hoping to spend $25,739 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: 78/7/15 Blend
49$304,000$304,000$304,000$304,000
50$341,027$324,915$320,203$366,101
51$348,425$313,450$303,543$371,976
52$355,716$300,560$285,463$374,570
53$362,861$286,149$265,888$376,696
54$369,816$270,113$244,739$378,299
55$376,534$252,346$221,934$379,317
56$382,960$232,731$197,389$379,682
57$389,035$211,147$171,014$379,319
58$394,690$187,467$142,717$378,145
59$399,851$161,555$112,400$376,073
60$404,432$133,268$79,962$373,002
61$408,340$102,454$45,296$368,825
62$411,470$68,953$8,293$363,422
63$413,706$32,598$0$356,665
64$414,918$0$0$353,402
65$414,964$0$0$350,749
66$413,682$0$0$349,460
67$410,895$0$0$346,872
68$406,408$0$0$342,816
69$400,001$0$0$337,103
70$391,433$0$0$329,527
71$380,436$0$0$319,856
72$366,713$0$0$307,835
73$349,936$0$0$293,182
74$329,741$0$0$275,584
75$305,726$0$0$254,694
76$277,445$0$0$230,130
77$244,407$0$0$201,468
78$206,066$0$0$168,240
79$161,821$0$0$129,929
80$111,008$0$0$85,964
81$52,891$0$0$35,711
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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