Can I retire at age 50 with 354,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$29,233$28,973$28,719$28,471$28,228$27,910
2 years$14,472$14,202$13,941$13,688$13,442$13,122
3 years$9,552$9,281$9,021$8,770$8,528$8,216
4 years$7,093$6,823$6,565$6,318$6,082$5,780
5 years$5,617$5,349$5,095$4,853$4,624$4,333
6 years$4,634$4,368$4,117$3,881$3,659$3,379
7 years$3,932$3,668$3,421$3,191$2,975$2,707
8 years$3,406$3,144$2,902$2,677$2,468$2,212
9 years$2,997$2,738$2,499$2,280$2,079$1,834
10 years$2,670$2,413$2,179$1,965$1,771$1,537
11 years$2,402$2,148$1,918$1,710$1,523$1,301
12 years$2,180$1,928$1,702$1,500$1,320$1,108
13 years$1,991$1,743$1,521$1,325$1,151$950
14 years$1,830$1,584$1,367$1,176$1,009$818
15 years$1,690$1,447$1,234$1,049$888$708
16 years$1,568$1,328$1,119$939$785$614
17 years$1,461$1,223$1,018$844$696$534
18 years$1,365$1,130$929$760$619$466
19 years$1,280$1,047$851$687$552$408
20 years$1,203$973$781$622$493$357
21 years$1,134$906$718$565$441$313
22 years$1,071$846$662$513$395$275
23 years$1,013$791$611$468$355$242
24 years$961$741$565$426$319$213
25 years$913$696$523$389$287$188
26 years$868$654$485$356$259$166
27 years$827$615$451$326$233$146
28 years$789$580$419$299$210$129
29 years$754$547$390$274$190$114
30 years$721$517$363$251$172$101
31 years$690$488$339$231$155$89
32 years$661$462$316$212$140$79
33 years$634$438$295$195$127$70
34 years$609$415$276$179$115$62
35 years$585$393$258$165$104$55
36 years$562$373$241$152$94$49
37 years$541$355$226$140$86$43
38 years$521$337$211$129$78$38
39 years$502$320$198$119$70$34
40 years$484$305$186$110$64$30
41 years$467$290$174$101$58$27
42 years$451$276$163$94$53$24
43 years$435$263$153$86$48$21
44 years$421$251$144$80$43$19
45 years$407$239$135$74$39$16
46 years$393$228$127$68$36$15
47 years$381$218$119$63$32$13
48 years$368$208$112$58$29$11
49 years$357$199$105$54$27$10
50 years$346$190$99$50$24$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $354,000, adding $2,519 every year, while hoping to spend $26,179 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: 70/20/10 Blend
49$354,000$354,000$354,000$354,000
50$392,706$373,944$368,457$419,248
51$404,908$364,413$352,946$427,632
52$417,477$353,538$336,038$433,373
53$430,423$341,225$317,659$438,953
54$443,756$327,374$297,730$444,352
55$457,486$311,882$276,171$449,546
56$471,623$294,638$252,896$454,512
57$486,177$275,524$227,817$459,224
58$501,159$254,417$200,841$463,654
59$516,580$231,185$171,871$467,773
60$532,448$205,691$140,806$471,550
61$548,775$177,787$107,541$474,951
62$565,571$147,320$71,964$477,939
63$582,846$114,125$33,962$480,478
64$600,611$78,031$0$482,526
65$618,874$38,856$0$484,743
66$637,645$0$0$490,292
67$656,934$0$0$496,300
68$676,749$0$0$511,256
69$697,099$0$0$526,614
70$717,991$0$0$542,380
71$739,433$0$0$558,559
72$761,430$0$0$575,154
73$783,988$0$0$592,171
74$807,111$0$0$609,611
75$830,801$0$0$627,476
76$855,062$0$0$645,769
77$879,891$0$0$664,487
78$905,289$0$0$683,629
79$931,249$0$0$703,191
80$957,767$0$0$723,169
81$984,832$0$0$743,554
82$1,012,434$0$0$764,338
83$1,040,556$0$0$785,506
84$1,069,179$0$0$807,045
85$1,098,281$0$0$828,936
86$1,127,832$0$0$851,156
87$1,157,799$0$0$873,679
88$1,188,143$0$0$896,474
89$1,218,818$0$0$919,505
90$1,249,771$0$0$942,730
91$1,280,940$0$0$966,101
92$1,312,255$0$0$989,564
93$1,343,634$0$0$1,013,055
94$1,374,987$0$0$1,036,502
95$1,406,207$0$0$1,059,825
96$1,437,178$0$0$1,082,930
97$1,467,765$0$0$1,105,716
98$1,497,818$0$0$1,128,063
99$1,527,168$0$0$1,149,841
100$1,555,623$0$0$1,170,903