Can I retire at age 50 with 358,000?

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 $358,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$29,563$29,300$29,043$28,792$28,547$28,379
2 years$14,635$14,363$14,099$13,842$13,594$13,425
3 years$9,660$9,386$9,123$8,869$8,625$8,459
4 years$7,173$6,900$6,639$6,390$6,151$5,990
5 years$5,681$5,410$5,152$4,908$4,676$4,521
6 years$4,687$4,417$4,164$3,925$3,700$3,550
7 years$3,977$3,710$3,460$3,227$3,009$2,865
8 years$3,444$3,180$2,934$2,707$2,496$2,358
9 years$3,031$2,769$2,527$2,306$2,102$1,970
10 years$2,700$2,440$2,203$1,988$1,791$1,665
11 years$2,429$2,173$1,940$1,730$1,541$1,420
12 years$2,204$1,950$1,722$1,517$1,335$1,220
13 years$2,014$1,762$1,538$1,339$1,164$1,054
14 years$1,851$1,602$1,382$1,189$1,020$916
15 years$1,710$1,463$1,248$1,060$898$799
16 years$1,586$1,343$1,131$949$794$699
17 years$1,477$1,236$1,029$853$704$614
18 years$1,381$1,143$940$769$626$541
19 years$1,294$1,059$860$695$558$477
20 years$1,217$984$790$629$498$422
21 years$1,147$917$726$571$446$374
22 years$1,083$856$669$519$400$332
23 years$1,025$800$618$473$359$295
24 years$972$750$572$431$323$262
25 years$923$704$529$394$290$233
26 years$878$661$491$360$261$208
27 years$836$622$456$330$236$185
28 years$798$586$424$302$213$165
29 years$762$553$394$277$192$148
30 years$729$522$367$254$174$132
31 years$698$494$342$233$157$118
32 years$668$467$320$215$142$106
33 years$641$443$298$197$128$94
34 years$615$419$279$182$116$85
35 years$591$398$261$167$105$76
36 years$569$378$244$154$95$68
37 years$547$359$228$142$86$61
38 years$527$341$214$131$78$54
39 years$508$324$200$120$71$49
40 years$489$308$188$111$65$44
41 years$472$294$176$103$59$39
42 years$456$280$165$95$53$35
43 years$440$266$155$87$48$31
44 years$425$254$145$81$44$28
45 years$411$242$137$74$40$25
46 years$398$231$128$69$36$23
47 years$385$220$120$64$33$20
48 years$373$210$113$59$30$18
49 years$361$201$106$54$27$16
50 years$350$192$100$50$25$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $358,000, adding $2,911 every year, while hoping to spend $24,883 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: 72/13/15 Blend
49$358,000$358,000$358,000$358,000
50$397,519$378,545$372,996$424,598
51$411,590$370,618$359,016$435,016
52$426,263$361,469$343,733$443,112
53$441,573$351,012$327,079$451,324
54$457,556$339,154$308,979$459,658
55$474,255$325,801$289,358$468,122
56$491,712$310,849$268,135$476,725
57$509,977$294,190$245,227$485,476
58$529,100$275,711$220,548$494,389
59$549,137$255,290$194,005$503,475
60$570,149$232,799$165,505$512,753
61$592,202$208,104$134,947$522,239
62$615,368$181,062$102,228$531,956
63$639,723$151,521$67,241$541,927
64$665,352$119,323$29,871$552,181
65$692,347$84,300$0$562,749
66$720,809$46,272$0$575,269
67$750,845$5,054$0$593,387
68$782,576$0$0$612,384
69$816,130$0$0$637,993
70$851,649$0$0$665,874
71$889,287$0$0$695,427
72$929,214$0$0$726,787
73$971,614$0$0$760,098
74$1,016,689$0$0$795,521
75$1,064,660$0$0$833,232
76$1,115,768$0$0$873,420
77$1,170,278$0$0$916,297
78$1,228,480$0$0$962,091
79$1,290,692$0$0$1,011,054
80$1,357,263$0$0$1,063,463
81$1,428,573$0$0$1,119,621
82$1,505,043$0$0$1,179,858
83$1,587,131$0$0$1,244,540
84$1,675,342$0$0$1,314,065
85$1,770,231$0$0$1,388,874
86$1,872,403$0$0$1,469,447
87$1,982,529$0$0$1,556,315
88$2,101,340$0$0$1,650,058
89$2,229,642$0$0$1,751,316
90$2,368,321$0$0$1,860,789
91$2,518,350$0$0$1,979,251
92$2,680,798$0$0$2,107,548
93$2,856,841$0$0$2,246,614
94$3,047,774$0$0$2,397,473
95$3,255,016$0$0$2,561,254
96$3,480,133$0$0$2,739,196
97$3,724,844$0$0$2,932,665
98$3,991,043$0$0$3,143,160
99$4,280,812$0$0$3,372,334
100$4,596,441$0$0$3,622,004