Can I retire at age 50 with 356,000?

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 $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$29,398$29,136$28,881$28,631$28,388$27,679
2 years$14,554$14,282$14,020$13,765$13,518$12,809
3 years$9,606$9,334$9,072$8,819$8,576$7,888
4 years$7,133$6,861$6,602$6,354$6,117$5,455
5 years$5,649$5,379$5,123$4,880$4,650$4,017
6 years$4,660$4,393$4,140$3,903$3,679$3,075
7 years$3,954$3,689$3,441$3,209$2,992$2,418
8 years$3,425$3,162$2,918$2,692$2,482$1,937
9 years$3,014$2,753$2,513$2,293$2,091$1,573
10 years$2,685$2,427$2,191$1,976$1,781$1,292
11 years$2,416$2,160$1,929$1,720$1,532$1,070
12 years$2,192$1,939$1,712$1,509$1,328$892
13 years$2,003$1,752$1,530$1,332$1,158$747
14 years$1,840$1,593$1,374$1,182$1,015$629
15 years$1,700$1,455$1,241$1,054$893$531
16 years$1,577$1,335$1,125$944$790$450
17 years$1,469$1,230$1,024$848$700$382
18 years$1,373$1,136$934$765$623$326
19 years$1,287$1,053$855$691$555$278
20 years$1,210$978$785$626$496$237
21 years$1,140$911$722$568$444$203
22 years$1,077$851$666$516$398$173
23 years$1,019$796$615$470$357$149
24 years$966$746$568$429$321$127
25 years$918$700$526$392$289$109
26 years$873$658$488$358$260$94
27 years$832$619$453$328$234$81
28 years$793$583$421$300$212$69
29 years$758$550$392$275$191$60
30 years$725$520$365$253$173$51
31 years$694$491$341$232$156$44
32 years$665$465$318$213$141$38
33 years$638$440$297$196$128$33
34 years$612$417$277$180$116$28
35 years$588$396$259$166$105$24
36 years$565$375$242$153$95$21
37 years$544$357$227$141$86$18
38 years$524$339$213$130$78$15
39 years$505$322$199$120$71$13
40 years$487$307$187$111$64$11
41 years$470$292$175$102$58$10
42 years$453$278$164$94$53$8
43 years$438$265$154$87$48$7
44 years$423$252$145$80$43$6
45 years$409$241$136$74$39$5
46 years$396$230$128$68$36$5
47 years$383$219$120$63$33$4
48 years$370$209$113$58$30$3
49 years$359$200$106$54$27$3
50 years$348$191$99$50$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $356,000, adding $3,285 every year, while hoping to spend $23,383 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: 45/38/17 Blend
49$356,000$356,000$356,000$356,000
50$395,700$376,832$371,314$411,441
51$411,183$370,418$358,874$416,361
52$427,460$362,905$345,233$419,097
53$444,590$354,216$330,327$421,565
54$462,633$344,268$314,088$423,752
55$481,656$332,971$296,445$425,644
56$501,732$320,234$277,323$427,225
57$522,941$305,958$256,645$428,483
58$545,369$290,038$234,331$429,405
59$569,111$272,365$210,296$429,979
60$594,271$252,821$184,451$430,195
61$620,961$231,283$156,704$430,043
62$649,304$207,622$126,959$429,515
63$679,436$181,698$95,116$428,607
64$711,505$153,367$61,068$427,314
65$745,672$122,476$24,707$425,637
66$782,114$88,860$0$423,579
67$821,025$52,350$0$423,703
68$862,617$12,763$0$428,414
69$907,125$0$0$433,262
70$954,802$0$0$450,878
71$1,005,930$0$0$475,520
72$1,060,816$0$0$502,003
73$1,119,797$0$0$530,494
74$1,183,244$0$0$561,176
75$1,251,562$0$0$594,249
76$1,325,200$0$0$629,934
77$1,404,647$0$0$668,474
78$1,490,442$0$0$710,135
79$1,583,177$0$0$755,210
80$1,683,504$0$0$804,021
81$1,792,138$0$0$856,921
82$1,909,866$0$0$914,300
83$2,037,552$0$0$976,587
84$2,176,147$0$0$1,044,250
85$2,326,699$0$0$1,117,809
86$2,490,357$0$0$1,197,834
87$2,668,388$0$0$1,284,949
88$2,862,185$0$0$1,379,846
89$3,073,279$0$0$1,483,284
90$3,303,359$0$0$1,596,096
91$3,554,280$0$0$1,719,204
92$3,828,085$0$0$1,853,618
93$4,127,023$0$0$2,000,452
94$4,453,570$0$0$2,160,934
95$4,810,451$0$0$2,336,412
96$5,200,666$0$0$2,528,373
97$5,627,519$0$0$2,738,454
98$6,094,647$0$0$2,968,458
99$6,606,055$0$0$3,220,368
100$7,166,154$0$0$3,496,370