Can I retire at age 50 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$29,233$28,973$28,719$28,471$28,228$27,435
2 years$14,472$14,202$13,941$13,688$13,442$12,649
3 years$9,552$9,281$9,021$8,770$8,528$7,760
4 years$7,093$6,823$6,565$6,318$6,082$5,345
5 years$5,617$5,349$5,095$4,853$4,624$3,919
6 years$4,634$4,368$4,117$3,881$3,659$2,987
7 years$3,932$3,668$3,421$3,191$2,975$2,338
8 years$3,406$3,144$2,902$2,677$2,468$1,864
9 years$2,997$2,738$2,499$2,280$2,079$1,507
10 years$2,670$2,413$2,179$1,965$1,771$1,231
11 years$2,402$2,148$1,918$1,710$1,523$1,014
12 years$2,180$1,928$1,702$1,500$1,320$841
13 years$1,991$1,743$1,521$1,325$1,151$701
14 years$1,830$1,584$1,367$1,176$1,009$587
15 years$1,690$1,447$1,234$1,049$888$493
16 years$1,568$1,328$1,119$939$785$415
17 years$1,461$1,223$1,018$844$696$351
18 years$1,365$1,130$929$760$619$297
19 years$1,280$1,047$851$687$552$252
20 years$1,203$973$781$622$493$214
21 years$1,134$906$718$565$441$181
22 years$1,071$846$662$513$395$154
23 years$1,013$791$611$468$355$131
24 years$961$741$565$426$319$112
25 years$913$696$523$389$287$95
26 years$868$654$485$356$259$81
27 years$827$615$451$326$233$69
28 years$789$580$419$299$210$59
29 years$754$547$390$274$190$51
30 years$721$517$363$251$172$43
31 years$690$488$339$231$155$37
32 years$661$462$316$212$140$32
33 years$634$438$295$195$127$27
34 years$609$415$276$179$115$23
35 years$585$393$258$165$104$20
36 years$562$373$241$152$94$17
37 years$541$355$226$140$86$14
38 years$521$337$211$129$78$12
39 years$502$320$198$119$70$11
40 years$484$305$186$110$64$9
41 years$467$290$174$101$58$8
42 years$451$276$163$94$53$7
43 years$435$263$153$86$48$6
44 years$421$251$144$80$43$5
45 years$407$239$135$74$39$4
46 years$393$228$127$68$36$4
47 years$381$218$119$63$32$3
48 years$368$208$112$58$29$3
49 years$357$199$105$54$27$2
50 years$346$190$99$50$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $354,000, adding $6,910 every year, while hoping to spend $26,439 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: 53/26/21 Blend
49$354,000$354,000$354,000$354,000
50$397,236$378,474$372,987$415,659
51$409,623$368,888$357,351$419,489
52$422,387$357,946$340,305$420,326
53$435,540$345,555$321,774$420,674
54$449,091$331,613$301,680$420,495
55$463,052$316,016$279,940$419,748
56$477,434$298,651$256,468$418,392
57$492,247$279,401$231,175$416,381
58$507,505$258,139$203,968$413,667
59$523,218$234,736$174,748$410,201
60$539,398$209,049$143,414$405,928
61$556,057$180,933$109,859$400,794
62$573,206$150,231$73,971$394,737
63$590,859$116,777$35,634$387,694
64$609,026$80,399$0$379,600
65$627,721$40,913$0$371,566
66$646,954$0$0$370,934
67$666,738$0$0$370,196
68$687,085$0$0$381,475
69$708,005$0$0$393,069
70$729,511$0$0$404,986
71$751,613$0$0$417,230
72$774,322$0$0$429,808
73$797,648$0$0$442,725
74$821,599$0$0$455,985
75$846,186$0$0$469,592
76$871,414$0$0$483,552
77$897,292$0$0$497,866
78$923,825$0$0$512,537
79$951,017$0$0$527,567
80$978,871$0$0$542,957
81$1,007,388$0$0$558,707
82$1,036,567$0$0$574,814
83$1,066,404$0$0$591,277
84$1,096,894$0$0$608,091
85$1,128,028$0$0$625,249
86$1,159,794$0$0$642,745
87$1,192,177$0$0$660,567
88$1,225,156$0$0$678,703
89$1,258,708$0$0$697,138
90$1,292,802$0$0$715,853
91$1,327,404$0$0$734,828
92$1,362,471$0$0$754,035
93$1,397,955$0$0$773,445
94$1,433,798$0$0$793,023
95$1,469,935$0$0$812,731
96$1,506,289$0$0$832,521
97$1,542,773$0$0$852,342
98$1,579,289$0$0$872,134
99$1,615,722$0$0$891,830
100$1,651,945$0$0$911,353