Can I retire at age 50 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$28,572$28,318$28,070$27,827$27,591$27,111
2 years$14,145$13,881$13,626$13,378$13,138$12,657
3 years$9,336$9,072$8,817$8,572$8,336$7,867
4 years$6,932$6,669$6,416$6,175$5,945$5,493
5 years$5,490$5,228$4,979$4,743$4,519$4,085
6 years$4,529$4,269$4,024$3,793$3,576$3,160
7 years$3,843$3,585$3,344$3,119$2,908$2,511
8 years$3,329$3,073$2,836$2,616$2,413$2,034
9 years$2,929$2,676$2,443$2,228$2,032$1,671
10 years$2,609$2,359$2,130$1,921$1,731$1,388
11 years$2,348$2,100$1,875$1,672$1,489$1,164
12 years$2,130$1,885$1,664$1,466$1,290$982
13 years$1,946$1,703$1,487$1,295$1,125$833
14 years$1,789$1,548$1,336$1,149$986$711
15 years$1,652$1,414$1,206$1,025$868$608
16 years$1,533$1,298$1,093$918$767$522
17 years$1,428$1,195$995$825$680$450
18 years$1,334$1,104$908$743$605$388
19 years$1,251$1,023$831$671$539$336
20 years$1,176$951$763$608$482$291
21 years$1,108$886$702$552$431$252
22 years$1,047$827$647$502$386$219
23 years$991$773$597$457$347$191
24 years$939$725$552$417$312$166
25 years$892$680$512$381$281$144
26 years$849$639$474$348$253$126
27 years$808$601$441$319$228$110
28 years$771$567$410$292$206$96
29 years$737$535$381$268$186$84
30 years$704$505$355$246$168$73
31 years$674$477$331$226$152$64
32 years$646$452$309$207$137$56
33 years$620$428$288$191$124$49
34 years$595$405$269$175$112$43
35 years$572$384$252$161$102$37
36 years$550$365$236$149$92$33
37 years$529$347$221$137$84$29
38 years$509$329$207$126$76$25
39 years$491$313$194$116$69$22
40 years$473$298$181$107$62$19
41 years$456$284$170$99$57$17
42 years$441$270$160$91$51$15
43 years$425$257$150$84$47$13
44 years$411$245$141$78$42$11
45 years$397$234$132$72$38$10
46 years$384$223$124$67$35$9
47 years$372$213$116$61$32$8
48 years$360$203$109$57$29$7
49 years$349$194$103$52$26$6
50 years$338$185$97$48$24$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $346,000, adding $6,581 every year, while hoping to spend $20,949 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: 43/43/14 Blend
49$346,000$346,000$346,000$346,000
50$388,080$369,742$364,379$402,925
51$405,375$365,570$354,296$409,804
52$423,731$360,491$343,174$414,651
53$443,236$354,439$330,954$419,446
54$463,983$347,344$317,578$424,193
55$486,076$339,130$302,983$428,899
56$509,627$329,719$287,105$433,572
57$534,761$319,027$269,875$438,223
58$561,613$306,965$251,221$442,866
59$590,331$293,440$231,071$447,519
60$621,078$278,353$209,345$452,202
61$654,034$261,598$185,964$456,942
62$689,393$243,064$160,842$461,770
63$727,372$222,635$133,891$466,720
64$768,206$200,186$105,018$471,837
65$812,154$175,586$74,127$477,170
66$859,501$148,697$41,118$482,776
67$910,559$119,372$5,884$488,723
68$965,672$87,457$0$495,087
69$1,025,217$52,789$0$506,696
70$1,089,608$15,195$0$520,159
71$1,159,302$0$0$534,730
72$1,234,798$0$0$562,628
73$1,316,649$0$0$600,705
74$1,405,460$0$0$642,058
75$1,501,896$0$0$687,002
76$1,606,691$0$0$735,882
77$1,720,650$0$0$789,081
78$1,844,661$0$0$847,017
79$1,979,699$0$0$910,153
80$2,126,837$0$0$978,995
81$2,287,257$0$0$1,054,104
82$2,462,260$0$0$1,136,094
83$2,653,277$0$0$1,225,643
84$2,861,884$0$0$1,323,497
85$3,089,814$0$0$1,430,476
86$3,338,978$0$0$1,547,484
87$3,611,478$0$0$1,675,517
88$3,909,628$0$0$1,815,671
89$4,235,978$0$0$1,969,151
90$4,593,333$0$0$2,137,287
91$4,984,786$0$0$2,321,542
92$5,413,739$0$0$2,523,529
93$5,883,941$0$0$2,745,021
94$6,399,521$0$0$2,987,975
95$6,965,026$0$0$3,254,543
96$7,585,464$0$0$3,547,098
97$8,266,351$0$0$3,868,252
98$9,013,766$0$0$4,220,883
99$9,834,400$0$0$4,608,162
100$10,735,627$0$0$5,033,581