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%19.3%
1 years$29,233$28,973$28,719$28,471$28,228$27,173
2 years$14,472$14,202$13,941$13,688$13,442$12,391
3 years$9,552$9,281$9,021$8,770$8,528$7,514
4 years$7,093$6,823$6,565$6,318$6,082$5,113
5 years$5,617$5,349$5,095$4,853$4,624$3,702
6 years$4,634$4,368$4,117$3,881$3,659$2,785
7 years$3,932$3,668$3,421$3,191$2,975$2,150
8 years$3,406$3,144$2,902$2,677$2,468$1,690
9 years$2,997$2,738$2,499$2,280$2,079$1,346
10 years$2,670$2,413$2,179$1,965$1,771$1,084
11 years$2,402$2,148$1,918$1,710$1,523$879
12 years$2,180$1,928$1,702$1,500$1,320$717
13 years$1,991$1,743$1,521$1,325$1,151$588
14 years$1,830$1,584$1,367$1,176$1,009$484
15 years$1,690$1,447$1,234$1,049$888$400
16 years$1,568$1,328$1,119$939$785$331
17 years$1,461$1,223$1,018$844$696$275
18 years$1,365$1,130$929$760$619$228
19 years$1,280$1,047$851$687$552$190
20 years$1,203$973$781$622$493$158
21 years$1,134$906$718$565$441$132
22 years$1,071$846$662$513$395$110
23 years$1,013$791$611$468$355$92
24 years$961$741$565$426$319$77
25 years$913$696$523$389$287$64
26 years$868$654$485$356$259$54
27 years$827$615$451$326$233$45
28 years$789$580$419$299$210$38
29 years$754$547$390$274$190$32
30 years$721$517$363$251$172$26
31 years$690$488$339$231$155$22
32 years$661$462$316$212$140$19
33 years$634$438$295$195$127$16
34 years$609$415$276$179$115$13
35 years$585$393$258$165$104$11
36 years$562$373$241$152$94$9
37 years$541$355$226$140$86$8
38 years$521$337$211$129$78$6
39 years$502$320$198$119$70$5
40 years$484$305$186$110$64$5
41 years$467$290$174$101$58$4
42 years$451$276$163$94$53$3
43 years$435$263$153$86$48$3
44 years$421$251$144$80$43$2
45 years$407$239$135$74$39$2
46 years$393$228$127$68$36$2
47 years$381$218$119$63$32$1
48 years$368$208$112$58$29$1
49 years$357$199$105$54$27$1
50 years$346$190$99$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $354,000, adding $4,918 every year, while hoping to spend $20,048 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: 23/47/30 Blend
49$354,000$354,000$354,000$354,000
50$395,181$376,419$370,932$400,469
51$414,158$373,533$362,027$402,588
52$434,400$369,833$352,152$402,870
53$456,013$365,259$341,253$402,753
54$479,115$359,745$329,275$402,217
55$503,837$353,225$316,157$401,243
56$530,319$345,624$301,839$399,811
57$558,718$336,866$286,257$397,904
58$589,204$326,869$269,344$395,505
59$621,965$315,548$251,029$392,595
60$657,207$302,811$231,240$389,161
61$695,154$288,561$209,899$385,187
62$736,057$272,698$186,927$380,662
63$780,186$255,111$162,241$375,576
64$827,842$235,688$135,752$369,921
65$879,352$214,308$107,371$363,693
66$935,080$190,843$77,002$356,891
67$995,422$165,158$44,545$349,520
68$1,060,815$137,111$9,898$341,586
69$1,131,740$106,551$0$333,105
70$1,208,725$73,319$0$332,764
71$1,292,351$37,248$0$335,869
72$1,383,258$0$0$339,321
73$1,482,148$0$0$344,160
74$1,589,796$0$0$370,452
75$1,707,053$0$0$399,148
76$1,834,855$0$0$430,485
77$1,974,234$0$0$464,723
78$2,126,325$0$0$502,148
79$2,292,377$0$0$543,077
80$2,473,765$0$0$587,856
81$2,672,003$0$0$636,868
82$2,888,757$0$0$690,535
83$3,125,863$0$0$749,320
84$3,385,341$0$0$813,734
85$3,669,416$0$0$884,340
86$3,980,538$0$0$961,757
87$4,321,405$0$0$1,046,668
88$4,694,988$0$0$1,139,824
89$5,104,559$0$0$1,242,054
90$5,553,724$0$0$1,354,269
91$6,046,451$0$0$1,477,474
92$6,587,112$0$0$1,612,776
93$7,180,525$0$0$1,761,393
94$7,831,995$0$0$1,924,669
95$8,547,364$0$0$2,104,083
96$9,333,071$0$0$2,301,265
97$10,196,207$0$0$2,518,010
98$11,144,585$0$0$2,756,297
99$12,186,811$0$0$3,018,305
100$13,332,366$0$0$3,306,434