Can I retire at age 50 with 362,000?

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 $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%17.8%
1 years$29,894$29,627$29,368$29,114$28,866$27,954
2 years$14,799$14,523$14,256$13,997$13,746$12,835
3 years$9,768$9,491$9,225$8,968$8,721$7,840
4 years$7,253$6,977$6,713$6,461$6,220$5,375
5 years$5,744$5,470$5,210$4,963$4,728$3,923
6 years$4,739$4,467$4,210$3,969$3,741$2,976
7 years$4,021$3,751$3,499$3,263$3,043$2,317
8 years$3,483$3,215$2,967$2,737$2,524$1,837
9 years$3,065$2,800$2,556$2,331$2,126$1,477
10 years$2,730$2,468$2,228$2,010$1,811$1,200
11 years$2,457$2,197$1,962$1,749$1,558$983
12 years$2,229$1,972$1,741$1,534$1,350$810
13 years$2,036$1,782$1,555$1,354$1,177$671
14 years$1,871$1,620$1,397$1,202$1,032$559
15 years$1,729$1,480$1,262$1,072$909$466
16 years$1,604$1,358$1,144$960$803$390
17 years$1,494$1,250$1,041$863$712$327
18 years$1,396$1,155$950$777$633$275
19 years$1,309$1,071$870$702$564$232
20 years$1,230$995$798$636$504$195
21 years$1,159$927$734$577$451$165
22 years$1,095$865$677$525$404$139
23 years$1,036$809$625$478$363$118
24 years$983$758$578$436$326$100
25 years$933$711$535$398$294$84
26 years$888$669$496$364$264$71
27 years$846$629$461$333$238$60
28 years$807$593$429$305$215$51
29 years$771$559$399$280$194$43
30 years$737$528$371$257$175$37
31 years$705$499$346$236$159$31
32 years$676$473$323$217$144$26
33 years$648$447$302$199$130$22
34 years$622$424$282$184$118$19
35 years$598$402$264$169$107$16
36 years$575$382$247$156$97$14
37 years$553$363$231$143$87$12
38 years$533$345$216$132$79$10
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$4
45 years$416$245$138$75$40$3
46 years$402$234$130$70$36$3
47 years$389$223$122$64$33$2
48 years$377$213$114$59$30$2
49 years$365$203$108$55$27$2
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 $5,800 every year, while hoping to spend $20,587 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: 41/31/28 Blend
49$362,000$362,000$362,000$362,000
50$404,907$385,721$380,110$417,976
51$424,303$382,717$370,939$424,961
52$444,987$378,875$360,771$430,161
53$467,070$374,134$349,551$435,396
54$490,671$368,426$337,220$440,684
55$515,922$361,682$323,720$446,043
56$542,967$353,826$308,986$451,496
57$571,965$344,779$292,952$457,070
58$603,090$334,457$275,551$462,796
59$636,533$322,773$256,709$468,711
60$672,502$309,632$236,352$474,857
61$711,228$294,934$214,400$481,283
62$752,963$278,576$190,773$488,045
63$797,984$260,446$165,383$495,208
64$846,597$240,426$138,141$502,845
65$899,136$218,392$108,955$511,041
66$955,968$194,214$77,725$519,890
67$1,017,499$167,752$44,351$529,501
68$1,084,172$138,861$8,725$539,996
69$1,156,477$107,384$0$551,513
70$1,234,951$73,160$0$572,962
71$1,320,186$36,015$0$599,116
72$1,412,832$0$0$627,601
73$1,513,604$0$0$660,121
74$1,623,290$0$0$708,931
75$1,742,756$0$0$762,136
76$1,872,955$0$0$820,166
77$2,014,936$0$0$883,495
78$2,169,854$0$0$952,642
79$2,338,979$0$0$1,028,183
80$2,523,711$0$0$1,110,747
81$2,725,589$0$0$1,201,029
82$2,946,309$0$0$1,299,796
83$3,187,738$0$0$1,407,889
84$3,451,931$0$0$1,526,237
85$3,741,152$0$0$1,655,860
86$4,057,893$0$0$1,797,884
87$4,404,898$0$0$1,953,548
88$4,785,191$0$0$2,124,217
89$5,202,100$0$0$2,311,393
90$5,659,291$0$0$2,516,732
91$6,160,803$0$0$2,742,057
92$6,711,084$0$0$2,989,377
93$7,315,032$0$0$3,260,904
94$7,978,045$0$0$3,559,075
95$8,706,066$0$0$3,886,575
96$9,505,645$0$0$4,246,360
97$10,383,996$0$0$4,641,689
98$11,349,064$0$0$5,076,151
99$12,409,605$0$0$5,553,700
100$13,575,265$0$0$6,078,692