Can I retire at age 50 with 342,000?

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 $342,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$28,242$27,990$27,745$27,505$27,272$27,122
2 years$13,981$13,721$13,468$13,224$12,986$12,836
3 years$9,228$8,967$8,715$8,473$8,239$8,092
4 years$6,852$6,591$6,342$6,104$5,876$5,734
5 years$5,427$5,168$4,922$4,688$4,467$4,329
6 years$4,477$4,220$3,978$3,749$3,535$3,402
7 years$3,799$3,544$3,305$3,083$2,875$2,747
8 years$3,290$3,038$2,803$2,586$2,385$2,262
9 years$2,895$2,645$2,414$2,203$2,008$1,891
10 years$2,579$2,331$2,105$1,899$1,711$1,599
11 years$2,321$2,075$1,853$1,652$1,472$1,364
12 years$2,106$1,863$1,645$1,449$1,275$1,173
13 years$1,924$1,683$1,469$1,280$1,112$1,014
14 years$1,768$1,530$1,320$1,136$975$882
15 years$1,633$1,398$1,192$1,013$858$770
16 years$1,515$1,283$1,081$907$759$674
17 years$1,411$1,181$983$815$673$593
18 years$1,319$1,091$898$734$598$522
19 years$1,236$1,012$822$664$533$461
20 years$1,162$940$754$601$476$408
21 years$1,095$876$694$545$426$362
22 years$1,035$817$639$496$382$321
23 years$979$764$590$452$343$286
24 years$928$716$546$412$308$254
25 years$882$672$506$376$277$226
26 years$839$632$469$344$250$202
27 years$799$594$436$315$225$180
28 years$762$560$405$289$203$161
29 years$728$528$377$265$183$144
30 years$696$499$351$243$166$129
31 years$666$472$327$223$150$115
32 years$639$446$305$205$136$103
33 years$612$423$285$188$123$92
34 years$588$401$266$173$111$83
35 years$565$380$249$160$101$74
36 years$543$361$233$147$91$66
37 years$523$343$218$135$83$59
38 years$503$326$204$125$75$53
39 years$485$310$191$115$68$48
40 years$468$295$179$106$62$43
41 years$451$280$168$98$56$39
42 years$435$267$158$90$51$35
43 years$421$254$148$83$46$31
44 years$406$243$139$77$42$28
45 years$393$231$130$71$38$25
46 years$380$221$122$66$34$22
47 years$368$211$115$61$31$20
48 years$356$201$108$56$28$18
49 years$345$192$102$52$26$16
50 years$334$183$96$48$23$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $342,000, adding $3,469 every year, while hoping to spend $25,013 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: 35/49/16 Blend
49$342,000$342,000$342,000$342,000
50$380,462$362,336$357,035$391,795
51$392,656$353,477$342,382$391,486
52$405,255$343,346$326,400$388,550
53$418,274$331,853$309,018$384,846
54$431,729$318,905$290,161$380,320
55$445,637$304,402$269,753$374,915
56$460,014$288,240$247,712$368,570
57$474,879$270,307$223,953$361,220
58$490,250$250,486$198,389$352,799
59$506,147$228,652$170,927$343,234
60$522,592$204,673$141,471$332,450
61$539,605$178,411$109,919$320,368
62$557,211$149,719$76,168$306,904
63$575,433$118,442$40,106$291,970
64$594,298$84,417$1,620$275,471
65$613,832$47,469$0$257,311
66$634,065$7,417$0$244,121
67$655,026$0$0$229,790
68$676,749$0$0$233,323
69$699,267$0$0$241,136
70$722,617$0$0$249,242
71$746,837$0$0$257,655
72$771,969$0$0$266,391
73$798,056$0$0$275,465
74$825,146$0$0$284,895
75$853,288$0$0$294,698
76$882,535$0$0$304,895
77$912,946$0$0$315,506
78$944,581$0$0$326,554
79$977,506$0$0$338,063
80$1,011,791$0$0$350,060
81$1,047,513$0$0$362,572
82$1,084,752$0$0$375,630
83$1,123,598$0$0$389,265
84$1,164,144$0$0$403,515
85$1,206,493$0$0$418,416
86$1,250,755$0$0$434,009
87$1,297,049$0$0$450,340
88$1,345,506$0$0$467,457
89$1,396,263$0$0$485,412
90$1,449,474$0$0$504,262
91$1,505,302$0$0$524,068
92$1,563,926$0$0$544,899
93$1,625,540$0$0$566,827
94$1,690,355$0$0$589,931
95$1,758,599$0$0$614,299
96$1,830,523$0$0$640,024
97$1,906,398$0$0$667,210
98$1,986,521$0$0$695,969
99$2,071,215$0$0$726,423
100$2,160,834$0$0$758,707