Can I retire at age 50 with 345,000?

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 $345,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$28,490$28,236$27,988$27,747$27,511$26,802
2 years$14,104$13,841$13,587$13,340$13,100$12,391
3 years$9,309$9,045$8,791$8,547$8,311$7,624
4 years$6,912$6,649$6,398$6,158$5,928$5,267
5 years$5,475$5,213$4,965$4,730$4,506$3,874
6 years$4,516$4,257$4,012$3,782$3,566$2,963
7 years$3,832$3,575$3,334$3,110$2,900$2,327
8 years$3,319$3,064$2,828$2,609$2,406$1,862
9 years$2,921$2,668$2,436$2,222$2,026$1,510
10 years$2,602$2,352$2,123$1,915$1,726$1,239
11 years$2,341$2,094$1,869$1,667$1,485$1,024
12 years$2,124$1,879$1,659$1,462$1,286$853
13 years$1,941$1,698$1,482$1,291$1,122$714
14 years$1,784$1,544$1,332$1,146$983$600
15 years$1,647$1,410$1,202$1,022$866$506
16 years$1,528$1,294$1,090$915$765$428
17 years$1,424$1,192$992$822$679$363
18 years$1,331$1,101$906$741$603$309
19 years$1,247$1,020$829$669$538$263
20 years$1,173$948$761$606$480$224
21 years$1,105$883$700$550$430$191
22 years$1,044$824$645$500$385$164
23 years$988$771$596$456$346$140
24 years$936$722$551$416$311$120
25 years$889$678$510$380$280$103
26 years$846$637$473$347$252$88
27 years$806$600$439$318$227$75
28 years$769$565$408$291$205$65
29 years$734$533$380$267$185$55
30 years$702$503$354$245$167$48
31 years$672$476$330$225$151$41
32 years$644$450$308$207$137$35
33 years$618$426$288$190$124$30
34 years$593$404$269$175$112$26
35 years$570$383$251$161$102$22
36 years$548$364$235$148$92$19
37 years$527$346$220$137$83$16
38 years$508$328$206$126$76$14
39 years$489$312$193$116$69$12
40 years$472$297$181$107$62$10
41 years$455$283$170$99$56$9
42 years$439$269$159$91$51$8
43 years$424$257$149$84$46$7
44 years$410$245$140$78$42$6
45 years$396$233$132$72$38$5
46 years$383$223$124$66$35$4
47 years$371$212$116$61$32$4
48 years$359$203$109$57$29$3
49 years$348$194$103$52$26$3
50 years$337$185$96$48$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $345,000, adding $5,561 every year, while hoping to spend $23,339 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: 62/24/14 Blend
49$345,000$345,000$345,000$345,000
50$385,926$367,641$362,294$408,201
51$400,458$360,823$349,598$417,012
52$415,690$352,889$335,695$423,472
53$431,669$343,759$320,519$429,960
54$448,445$333,349$304,002$436,478
55$466,074$321,571$286,074$443,032
56$484,616$308,330$266,660$449,628
57$504,135$293,526$245,681$456,275
58$524,704$277,056$223,058$462,983
59$546,398$258,806$198,705$469,765
60$569,303$238,659$172,534$476,635
61$593,509$216,492$144,452$483,613
62$619,119$192,171$114,362$490,718
63$646,240$165,559$82,164$497,977
64$674,993$136,507$47,753$505,420
65$705,507$104,861$11,018$513,080
66$737,927$70,458$0$520,997
67$772,408$33,122$0$533,428
68$809,121$0$0$548,244
69$848,254$0$0$565,814
70$890,011$0$0$593,911
71$934,617$0$0$623,941
72$982,319$0$0$656,072
73$1,033,385$0$0$690,488
74$1,088,114$0$0$727,390
75$1,146,827$0$0$767,000
76$1,209,884$0$0$809,561
77$1,277,673$0$0$855,340
78$1,350,625$0$0$904,628
79$1,429,211$0$0$957,749
80$1,513,949$0$0$1,015,055
81$1,605,407$0$0$1,076,933
82$1,704,210$0$0$1,143,811
83$1,811,045$0$0$1,216,158
84$1,926,668$0$0$1,294,487
85$2,051,906$0$0$1,379,366
86$2,187,674$0$0$1,471,416
87$2,334,975$0$0$1,571,324
88$2,494,910$0$0$1,679,842
89$2,668,695$0$0$1,797,798
90$2,857,665$0$0$1,926,104
91$3,063,286$0$0$2,065,763
92$3,287,177$0$0$2,217,877
93$3,531,115$0$0$2,383,662
94$3,797,057$0$0$2,564,452
95$4,087,157$0$0$2,761,720
96$4,403,785$0$0$2,977,083
97$4,749,551$0$0$3,212,324
98$5,127,327$0$0$3,469,404
99$5,540,276$0$0$3,750,482
100$5,991,880$0$0$4,057,938