Can I retire at age 50 with 343,000?

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 $343,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$28,325$28,072$27,826$27,586$27,351$27,156
2 years$14,022$13,761$13,508$13,262$13,024$12,828
3 years$9,255$8,993$8,740$8,497$8,263$8,071
4 years$6,872$6,611$6,361$6,122$5,893$5,707
5 years$5,443$5,183$4,936$4,702$4,480$4,300
6 years$4,490$4,232$3,989$3,760$3,545$3,372
7 years$3,810$3,554$3,315$3,092$2,883$2,717
8 years$3,300$3,047$2,811$2,593$2,392$2,232
9 years$2,904$2,653$2,421$2,209$2,014$1,861
10 years$2,587$2,338$2,111$1,904$1,716$1,570
11 years$2,328$2,082$1,859$1,657$1,476$1,336
12 years$2,112$1,868$1,649$1,454$1,279$1,146
13 years$1,929$1,688$1,474$1,283$1,115$989
14 years$1,773$1,535$1,324$1,139$978$857
15 years$1,638$1,402$1,195$1,016$861$746
16 years$1,520$1,286$1,084$910$761$652
17 years$1,415$1,185$986$817$675$571
18 years$1,323$1,095$900$737$600$502
19 years$1,240$1,014$824$666$535$442
20 years$1,166$943$756$603$478$390
21 years$1,099$878$696$547$427$345
22 years$1,038$820$641$497$383$305
23 years$982$767$592$453$344$271
24 years$931$718$548$413$309$240
25 years$884$674$507$377$278$213
26 years$841$634$470$345$251$190
27 years$801$596$437$316$226$169
28 years$764$562$406$289$204$150
29 years$730$530$378$265$184$134
30 years$698$501$352$244$166$119
31 years$668$473$328$224$150$106
32 years$640$448$306$206$136$95
33 years$614$424$286$189$123$85
34 years$590$402$267$174$111$76
35 years$567$381$250$160$101$68
36 years$545$362$234$147$91$60
37 years$524$344$219$136$83$54
38 years$505$327$205$125$75$48
39 years$486$311$192$115$68$43
40 years$469$295$180$106$62$38
41 years$452$281$169$98$56$34
42 years$437$268$158$91$51$31
43 years$422$255$148$84$46$28
44 years$408$243$139$77$42$25
45 years$394$232$131$71$38$22
46 years$381$221$123$66$35$20
47 years$369$211$115$61$31$18
48 years$357$202$108$56$28$16
49 years$346$192$102$52$26$14
50 years$335$184$96$48$23$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $343,000, adding $6,524 every year, while hoping to spend $20,398 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: 70/21/9 Blend
49$343,000$343,000$343,000$343,000
50$384,716$366,537$361,220$410,543
51$402,253$362,793$351,618$424,762
52$420,896$358,183$341,010$437,199
53$440,735$352,642$329,341$450,256
54$461,871$346,102$316,555$463,992
55$484,412$338,491$302,590$478,468
56$508,478$329,734$287,382$493,754
57$534,200$319,748$270,868$509,929
58$561,723$308,450$252,976$527,076
59$591,204$295,749$233,636$545,293
60$622,815$281,550$212,771$564,684
61$656,748$265,751$190,304$585,365
62$693,209$248,245$166,152$607,468
63$732,427$228,920$140,229$631,134
64$774,654$207,657$112,446$656,523
65$820,165$184,328$82,709$683,812
66$869,262$158,801$50,921$713,195
67$922,279$130,934$16,979$744,888
68$979,581$100,579$0$779,132
69$1,041,569$67,579$0$818,038
70$1,108,685$31,766$0$861,912
71$1,181,415$0$0$909,459
72$1,260,292$0$0$962,673
73$1,345,903$0$0$1,028,413
74$1,438,893$0$0$1,099,837
75$1,539,974$0$0$1,177,492
76$1,649,926$0$0$1,261,980
77$1,769,608$0$0$1,353,963
78$1,899,967$0$0$1,454,172
79$2,042,043$0$0$1,563,408
80$2,196,981$0$0$1,682,556
81$2,366,043$0$0$1,812,585
82$2,550,615$0$0$1,954,568
83$2,752,226$0$0$2,109,682
84$2,972,557$0$0$2,279,224
85$3,213,459$0$0$2,464,621
86$3,476,970$0$0$2,667,445
87$3,765,336$0$0$2,889,427
88$4,081,027$0$0$3,132,474
89$4,426,764$0$0$3,398,683
90$4,805,545$0$0$3,690,367
91$5,220,670$0$0$4,010,071
92$5,675,775$0$0$4,360,598
93$6,174,861$0$0$4,745,036
94$6,722,339$0$0$5,166,786
95$7,323,066$0$0$5,629,593
96$7,982,391$0$0$6,137,585
97$8,706,207$0$0$6,695,306
98$9,501,005$0$0$7,307,762
99$10,373,936$0$0$7,980,469
100$11,332,875$0$0$8,719,503