Can I retire at age 50 with 343,000?

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 $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%14%
1 years$28,325$28,072$27,826$27,586$27,351$26,898
2 years$14,022$13,761$13,508$13,262$13,024$12,569
3 years$9,255$8,993$8,740$8,497$8,263$7,820
4 years$6,872$6,611$6,361$6,122$5,893$5,466
5 years$5,443$5,183$4,936$4,702$4,480$4,069
6 years$4,490$4,232$3,989$3,760$3,545$3,151
7 years$3,810$3,554$3,315$3,092$2,883$2,507
8 years$3,300$3,047$2,811$2,593$2,392$2,033
9 years$2,904$2,653$2,421$2,209$2,014$1,672
10 years$2,587$2,338$2,111$1,904$1,716$1,391
11 years$2,328$2,082$1,859$1,657$1,476$1,167
12 years$2,112$1,868$1,649$1,454$1,279$986
13 years$1,929$1,688$1,474$1,283$1,115$838
14 years$1,773$1,535$1,324$1,139$978$716
15 years$1,638$1,402$1,195$1,016$861$614
16 years$1,520$1,286$1,084$910$761$528
17 years$1,415$1,185$986$817$675$455
18 years$1,323$1,095$900$737$600$393
19 years$1,240$1,014$824$666$535$341
20 years$1,166$943$756$603$478$296
21 years$1,099$878$696$547$427$257
22 years$1,038$820$641$497$383$223
23 years$982$767$592$453$344$194
24 years$931$718$548$413$309$170
25 years$884$674$507$377$278$148
26 years$841$634$470$345$251$129
27 years$801$596$437$316$226$113
28 years$764$562$406$289$204$99
29 years$730$530$378$265$184$86
30 years$698$501$352$244$166$75
31 years$668$473$328$224$150$66
32 years$640$448$306$206$136$58
33 years$614$424$286$189$123$51
34 years$590$402$267$174$111$44
35 years$567$381$250$160$101$39
36 years$545$362$234$147$91$34
37 years$524$344$219$136$83$30
38 years$505$327$205$125$75$26
39 years$486$311$192$115$68$23
40 years$469$295$180$106$62$20
41 years$452$281$169$98$56$18
42 years$437$268$158$91$51$15
43 years$422$255$148$84$46$14
44 years$408$243$139$77$42$12
45 years$394$232$131$71$38$10
46 years$381$221$123$66$35$9
47 years$369$211$115$61$31$8
48 years$357$202$108$56$28$7
49 years$346$192$102$52$26$6
50 years$335$184$96$48$23$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $343,000, adding $4,373 every year, while hoping to spend $26,027 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: 56/37/7 Blend
49$343,000$343,000$343,000$343,000
50$382,497$364,318$359,001$403,071
51$393,819$354,477$343,335$407,604
52$405,424$343,281$326,272$409,253
53$417,312$330,637$307,738$410,412
54$429,485$316,446$287,654$411,035
55$441,943$300,602$265,940$411,076
56$454,683$282,993$242,512$410,486
57$467,704$263,504$217,280$409,211
58$481,003$242,008$190,151$407,194
59$494,575$218,376$161,031$404,374
60$508,413$192,468$129,816$400,686
61$522,509$164,137$96,403$396,061
62$536,853$133,228$60,681$390,425
63$551,434$99,577$22,535$383,698
64$566,236$63,013$0$375,795
65$581,242$23,351$0$367,984
66$596,433$0$0$360,694
67$611,783$0$0$360,128
68$627,267$0$0$369,135
69$642,853$0$0$378,187
70$658,503$0$0$387,262
71$674,178$0$0$396,333
72$689,829$0$0$405,371
73$705,404$0$0$414,341
74$720,841$0$0$423,207
75$736,073$0$0$431,926
76$751,022$0$0$440,448
77$765,602$0$0$448,720
78$779,715$0$0$456,682
79$793,252$0$0$464,264
80$806,092$0$0$471,392
81$818,096$0$0$477,979
82$829,114$0$0$483,931
83$838,973$0$0$489,142
84$847,486$0$0$493,494
85$854,438$0$0$496,856
86$859,596$0$0$499,080
87$862,698$0$0$500,005
88$863,451$0$0$499,450
89$861,533$0$0$497,214
90$856,585$0$0$493,075
91$848,208$0$0$486,786
92$835,961$0$0$478,073
93$819,354$0$0$466,633
94$797,843$0$0$452,130
95$770,828$0$0$434,191
96$737,643$0$0$412,405
97$697,551$0$0$386,315
98$649,737$0$0$355,417
99$593,299$0$0$319,153
100$527,238$0$0$276,906