Can I retire at age 50 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$28,820$28,563$28,313$28,068$27,830$27,201
2 years$14,267$14,002$13,744$13,494$13,252$12,622
3 years$9,417$9,150$8,893$8,646$8,408$7,796
4 years$6,992$6,726$6,472$6,229$5,996$5,408
5 years$5,538$5,274$5,023$4,784$4,558$3,995
6 years$4,569$4,306$4,059$3,826$3,607$3,068
7 years$3,877$3,616$3,373$3,146$2,933$2,420
8 years$3,358$3,100$2,861$2,639$2,434$1,946
9 years$2,955$2,699$2,464$2,248$2,049$1,586
10 years$2,632$2,379$2,148$1,938$1,746$1,307
11 years$2,368$2,118$1,891$1,686$1,502$1,087
12 years$2,149$1,901$1,678$1,479$1,301$909
13 years$1,963$1,718$1,499$1,306$1,135$765
14 years$1,804$1,562$1,347$1,159$995$647
15 years$1,667$1,426$1,216$1,034$876$549
16 years$1,546$1,309$1,103$926$774$467
17 years$1,440$1,205$1,004$832$686$398
18 years$1,346$1,114$916$749$610$341
19 years$1,262$1,032$839$677$544$292
20 years$1,186$959$770$613$486$250
21 years$1,118$893$708$557$435$215
22 years$1,056$834$652$506$390$185
23 years$999$780$602$461$350$159
24 years$947$731$557$420$314$137
25 years$900$686$516$384$283$118
26 years$856$645$479$351$255$102
27 years$815$607$444$321$230$88
28 years$778$572$413$294$207$76
29 years$743$539$384$270$187$66
30 years$710$509$358$248$169$57
31 years$680$481$334$228$153$49
32 years$652$456$312$209$138$42
33 years$625$431$291$192$125$37
34 years$600$409$272$177$113$32
35 years$576$388$254$163$103$27
36 years$554$368$238$150$93$24
37 years$533$350$222$138$84$20
38 years$514$332$208$127$76$18
39 years$495$316$195$117$69$15
40 years$477$301$183$108$63$13
41 years$460$286$172$100$57$11
42 years$444$273$161$92$52$10
43 years$429$260$151$85$47$9
44 years$415$247$142$79$43$7
45 years$401$236$133$73$39$6
46 years$388$225$125$67$35$6
47 years$375$215$117$62$32$5
48 years$363$205$110$57$29$4
49 years$352$196$104$53$26$4
50 years$341$187$98$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $349,000, adding $5,409 every year, while hoping to spend $21,491 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: 29/50/21 Blend
49$349,000$349,000$349,000$349,000
50$390,177$371,680$366,271$398,792
51$407,109$367,026$355,675$401,201
52$425,048$361,424$344,003$401,506
53$444,073$354,804$331,198$401,380
54$464,273$347,094$317,197$400,800
55$485,742$338,215$301,937$399,740
56$508,586$328,086$285,350$398,178
57$532,919$316,619$267,366$396,088
58$558,866$303,723$247,912$393,447
59$586,565$289,300$226,912$390,231
60$616,166$273,247$204,285$386,417
61$647,834$255,455$179,948$381,982
62$681,750$235,810$153,813$376,904
63$718,112$214,188$125,789$371,164
64$757,139$190,462$95,782$364,743
65$799,068$164,496$63,692$357,625
66$844,161$136,145$29,414$349,794
67$892,708$105,258$0$341,241
68$945,023$71,674$0$333,563
69$1,001,454$35,225$0$332,289
70$1,062,382$0$0$330,850
71$1,128,226$0$0$331,628
72$1,199,447$0$0$353,477
73$1,276,551$0$0$377,178
74$1,360,095$0$0$402,908
75$1,450,690$0$0$430,860
76$1,549,010$0$0$461,249
77$1,655,794$0$0$494,311
78$1,771,857$0$0$530,305
79$1,898,094$0$0$569,515
80$2,035,491$0$0$612,257
81$2,185,132$0$0$658,874
82$2,348,210$0$0$709,748
83$2,526,038$0$0$765,296
84$2,720,061$0$0$825,980
85$2,931,870$0$0$892,306
86$3,163,217$0$0$964,833
87$3,416,027$0$0$1,044,175
88$3,692,425$0$0$1,131,010
89$3,994,746$0$0$1,226,081
90$4,325,563$0$0$1,330,211
91$4,687,709$0$0$1,444,303
92$5,084,304$0$0$1,569,352
93$5,518,782$0$0$1,706,455
94$5,994,927$0$0$1,856,818
95$6,516,906$0$0$2,021,773
96$7,089,307$0$0$2,202,782
97$7,717,185$0$0$2,401,461
98$8,406,107$0$0$2,619,585
99$9,162,204$0$0$2,859,113
100$9,992,232$0$0$3,122,202