Can I retire at age 50 with 362,000?

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 $362,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$29,894$29,627$29,368$29,114$28,866$27,920
2 years$14,799$14,523$14,256$13,997$13,746$12,801
3 years$9,768$9,491$9,225$8,968$8,721$7,808
4 years$7,253$6,977$6,713$6,461$6,220$5,346
5 years$5,744$5,470$5,210$4,963$4,728$3,895
6 years$4,739$4,467$4,210$3,969$3,741$2,950
7 years$4,021$3,751$3,499$3,263$3,043$2,292
8 years$3,483$3,215$2,967$2,737$2,524$1,815
9 years$3,065$2,800$2,556$2,331$2,126$1,457
10 years$2,730$2,468$2,228$2,010$1,811$1,181
11 years$2,457$2,197$1,962$1,749$1,558$966
12 years$2,229$1,972$1,741$1,534$1,350$794
13 years$2,036$1,782$1,555$1,354$1,177$657
14 years$1,871$1,620$1,397$1,202$1,032$545
15 years$1,729$1,480$1,262$1,072$909$454
16 years$1,604$1,358$1,144$960$803$379
17 years$1,494$1,250$1,041$863$712$318
18 years$1,396$1,155$950$777$633$266
19 years$1,309$1,071$870$702$564$224
20 years$1,230$995$798$636$504$188
21 years$1,159$927$734$577$451$158
22 years$1,095$865$677$525$404$133
23 years$1,036$809$625$478$363$113
24 years$983$758$578$436$326$95
25 years$933$711$535$398$294$80
26 years$888$669$496$364$264$68
27 years$846$629$461$333$238$57
28 years$807$593$429$305$215$48
29 years$771$559$399$280$194$41
30 years$737$528$371$257$175$35
31 years$705$499$346$236$159$29
32 years$676$473$323$217$144$25
33 years$648$447$302$199$130$21
34 years$622$424$282$184$118$18
35 years$598$402$264$169$107$15
36 years$575$382$247$156$97$13
37 years$553$363$231$143$87$11
38 years$533$345$216$132$79$9
39 years$513$328$202$122$72$8
40 years$495$312$190$112$65$7
41 years$477$297$178$104$59$6
42 years$461$283$167$96$54$5
43 years$445$269$157$88$49$4
44 years$430$257$147$82$44$3
45 years$416$245$138$75$40$3
46 years$402$234$130$70$36$2
47 years$389$223$122$64$33$2
48 years$377$213$114$59$30$2
49 years$365$203$108$55$27$1
50 years$353$194$101$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $362,000, adding $6,444 every year, while hoping to spend $24,194 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: 52/21/27 Blend
49$362,000$362,000$362,000$362,000
50$405,571$386,385$380,774$423,297
51$421,197$379,576$367,788$429,472
52$437,606$371,622$353,555$433,210
53$454,852$362,442$338,010$436,793
54$472,995$351,949$321,081$440,217
55$492,098$340,052$302,695$443,477
56$512,232$326,655$282,775$446,571
57$533,472$311,654$261,241$449,497
58$555,903$294,941$238,009$452,257
59$579,613$276,401$212,991$454,852
60$604,704$255,915$186,095$457,287
61$631,281$233,352$157,227$459,568
62$659,463$208,578$126,286$461,706
63$689,380$181,449$93,167$463,715
64$721,171$151,815$57,763$465,610
65$754,991$119,515$19,959$467,414
66$791,010$84,381$0$469,153
67$829,411$46,233$0$476,732
68$870,397$4,885$0$490,835
69$914,190$0$0$505,789
70$961,033$0$0$530,897
71$1,011,192$0$0$559,016
72$1,064,960$0$0$589,184
73$1,122,656$0$0$621,582
74$1,184,633$0$0$656,412
75$1,251,277$0$0$693,895
76$1,323,012$0$0$734,274
77$1,400,303$0$0$777,813
78$1,483,661$0$0$824,805
79$1,573,649$0$0$875,572
80$1,670,883$0$0$930,466
81$1,776,042$0$0$989,875
82$1,889,870$0$0$1,054,225
83$2,013,189$0$0$1,123,986
84$2,146,898$0$0$1,199,673
85$2,291,989$0$0$1,281,852
86$2,449,552$0$0$1,371,148
87$2,620,786$0$0$1,468,247
88$2,807,008$0$0$1,573,903
89$3,009,671$0$0$1,688,946
90$3,230,370$0$0$1,814,290
91$3,470,863$0$0$1,950,941
92$3,733,082$0$0$2,100,006
93$4,019,155$0$0$2,262,703
94$4,331,425$0$0$2,440,373
95$4,672,469$0$0$2,634,491
96$5,045,126$0$0$2,846,683
97$5,452,520$0$0$3,078,738
98$5,898,092$0$0$3,332,627
99$6,385,627$0$0$3,610,517
100$6,919,299$0$0$3,914,798