Can I retire at age 50 with 330,000?

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 $330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$27,251$27,008$26,772$26,540$26,315$25,261
2 years$13,491$13,239$12,996$12,760$12,531$11,482
3 years$8,904$8,652$8,409$8,175$7,950$6,940
4 years$6,612$6,360$6,120$5,890$5,670$4,706
5 years$5,237$4,986$4,749$4,524$4,310$3,395
6 years$4,320$4,072$3,838$3,618$3,411$2,544
7 years$3,666$3,420$3,189$2,974$2,774$1,956
8 years$3,175$2,931$2,705$2,495$2,301$1,531
9 years$2,794$2,552$2,330$2,125$1,938$1,215
10 years$2,489$2,250$2,031$1,832$1,651$973
11 years$2,239$2,003$1,788$1,594$1,420$786
12 years$2,032$1,797$1,587$1,399$1,231$638
13 years$1,856$1,624$1,418$1,235$1,073$521
14 years$1,706$1,477$1,274$1,096$941$427
15 years$1,576$1,349$1,150$977$828$351
16 years$1,462$1,238$1,043$875$732$289
17 years$1,362$1,140$949$786$649$238
18 years$1,273$1,053$866$709$577$197
19 years$1,193$976$793$640$514$163
20 years$1,122$907$728$580$459$135
21 years$1,057$845$669$526$411$112
22 years$998$789$617$479$369$93
23 years$945$738$570$436$331$77
24 years$896$691$527$398$297$64
25 years$851$649$488$363$268$54
26 years$809$610$453$332$241$45
27 years$771$574$420$304$217$37
28 years$735$541$391$278$196$31
29 years$702$510$364$255$177$26
30 years$672$482$339$234$160$21
31 years$643$455$316$215$145$18
32 years$616$431$295$198$131$15
33 years$591$408$275$182$118$12
34 years$567$387$257$167$107$10
35 years$545$367$240$154$97$9
36 years$524$348$225$142$88$7
37 years$504$331$210$131$80$6
38 years$486$314$197$120$72$5
39 years$468$299$185$111$66$4
40 years$451$284$173$102$59$3
41 years$435$271$162$95$54$3
42 years$420$258$152$87$49$2
43 years$406$246$143$81$44$2
44 years$392$234$134$74$40$2
45 years$379$223$126$69$37$1
46 years$367$213$118$63$33$1
47 years$355$203$111$59$30$1
48 years$343$194$104$54$27$1
49 years$333$185$98$50$25$1
50 years$322$177$92$46$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $330,000, adding $5,802 every year, while hoping to spend $22,347 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: 64/12/24 Blend
49$330,000$330,000$330,000$330,000
50$369,645$352,155$347,040$390,638
51$383,571$345,633$334,889$398,983
52$398,170$338,043$321,581$405,082
53$413,485$329,309$307,056$411,242
54$429,564$319,350$291,247$417,470
55$446,463$308,080$274,086$423,778
56$464,236$295,411$255,502$430,177
57$482,948$281,246$235,422$436,679
58$502,667$265,485$213,766$443,302
59$523,466$248,021$190,455$450,065
60$545,427$228,741$165,402$456,989
61$568,638$207,527$138,520$464,099
62$593,195$184,251$109,717$471,425
63$619,203$158,782$78,895$479,000
64$646,778$130,978$45,953$486,864
65$676,044$100,691$10,788$495,058
66$707,139$67,763$0$503,634
67$740,213$32,030$0$519,496
68$775,431$0$0$539,253
69$812,972$0$0$561,126
70$853,033$0$0$588,995
71$895,830$0$0$618,781
72$941,600$0$0$650,651
73$990,601$0$0$684,787
74$1,043,119$0$0$721,390
75$1,099,466$0$0$760,680
76$1,159,983$0$0$802,897
77$1,225,047$0$0$848,306
78$1,295,069$0$0$897,197
79$1,370,504$0$0$949,889
80$1,451,848$0$0$1,006,733
81$1,539,647$0$0$1,068,114
82$1,634,504$0$0$1,134,455
83$1,737,077$0$0$1,206,220
84$1,848,091$0$0$1,283,921
85$1,968,345$0$0$1,368,120
86$2,098,715$0$0$1,459,433
87$2,240,165$0$0$1,558,542
88$2,393,756$0$0$1,666,192
89$2,560,653$0$0$1,783,205
90$2,742,139$0$0$1,910,487
91$2,939,627$0$0$2,049,031
92$3,154,669$0$0$2,199,933
93$3,388,974$0$0$2,364,396
94$3,644,423$0$0$2,543,747
95$3,923,085$0$0$2,739,444
96$4,227,239$0$0$2,953,094
97$4,559,393$0$0$3,186,465
98$4,922,308$0$0$3,441,502
99$5,319,022$0$0$3,720,348
100$5,752,882$0$0$4,025,363