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%16.2%
1 years$29,894$29,627$29,368$29,114$28,866$28,134
2 years$14,799$14,523$14,256$13,997$13,746$13,013
3 years$9,768$9,491$9,225$8,968$8,721$8,010
4 years$7,253$6,977$6,713$6,461$6,220$5,537
5 years$5,744$5,470$5,210$4,963$4,728$4,075
6 years$4,739$4,467$4,210$3,969$3,741$3,118
7 years$4,021$3,751$3,499$3,263$3,043$2,450
8 years$3,483$3,215$2,967$2,737$2,524$1,961
9 years$3,065$2,800$2,556$2,331$2,126$1,592
10 years$2,730$2,468$2,228$2,010$1,811$1,307
11 years$2,457$2,197$1,962$1,749$1,558$1,081
12 years$2,229$1,972$1,741$1,534$1,350$901
13 years$2,036$1,782$1,555$1,354$1,177$754
14 years$1,871$1,620$1,397$1,202$1,032$635
15 years$1,729$1,480$1,262$1,072$909$536
16 years$1,604$1,358$1,144$960$803$454
17 years$1,494$1,250$1,041$863$712$385
18 years$1,396$1,155$950$777$633$327
19 years$1,309$1,071$870$702$564$279
20 years$1,230$995$798$636$504$238
21 years$1,159$927$734$577$451$203
22 years$1,095$865$677$525$404$174
23 years$1,036$809$625$478$363$149
24 years$983$758$578$436$326$128
25 years$933$711$535$398$294$109
26 years$888$669$496$364$264$94
27 years$846$629$461$333$238$80
28 years$807$593$429$305$215$69
29 years$771$559$399$280$194$59
30 years$737$528$371$257$175$51
31 years$705$499$346$236$159$44
32 years$676$473$323$217$144$38
33 years$648$447$302$199$130$32
34 years$622$424$282$184$118$28
35 years$598$402$264$169$107$24
36 years$575$382$247$156$97$21
37 years$553$363$231$143$87$18
38 years$533$345$216$132$79$15
39 years$513$328$202$122$72$13
40 years$495$312$190$112$65$11
41 years$477$297$178$104$59$10
42 years$461$283$167$96$54$8
43 years$445$269$157$88$49$7
44 years$430$257$147$82$44$6
45 years$416$245$138$75$40$5
46 years$402$234$130$70$36$5
47 years$389$223$122$64$33$4
48 years$377$213$114$59$30$3
49 years$365$203$108$55$27$3
50 years$353$194$101$51$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $362,000, adding $6,759 every year, while hoping to spend $26,028 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: 51/31/18 Blend
49$362,000$362,000$362,000$362,000
50$405,896$386,710$381,099$424,261
51$419,604$377,965$366,172$428,883
52$433,837$367,919$349,873$430,648
53$448,623$356,482$332,128$432,003
54$463,989$343,555$312,860$432,919
55$479,964$329,038$291,990$433,364
56$496,582$312,822$269,433$433,306
57$513,875$294,793$245,101$432,711
58$531,882$274,829$218,903$431,543
59$550,642$252,804$190,744$429,765
60$570,197$228,581$160,524$427,338
61$590,594$202,018$128,138$424,223
62$611,881$172,964$93,478$420,378
63$634,113$141,259$56,429$415,761
64$657,347$106,735$16,874$410,326
65$681,645$69,214$0$404,028
66$707,075$28,508$0$401,687
67$733,710$0$0$402,162
68$761,629$0$0$407,501
69$790,917$0$0$423,314
70$821,668$0$0$439,929
71$853,984$0$0$457,402
72$887,973$0$0$475,794
73$923,756$0$0$495,172
74$961,463$0$0$515,609
75$1,001,236$0$0$537,182
76$1,043,229$0$0$559,979
77$1,087,612$0$0$584,093
78$1,134,568$0$0$609,628
79$1,184,298$0$0$636,694
80$1,237,021$0$0$665,415
81$1,292,978$0$0$695,925
82$1,352,431$0$0$728,370
83$1,415,666$0$0$762,910
84$1,482,998$0$0$799,721
85$1,554,770$0$0$838,995
86$1,631,358$0$0$880,943
87$1,713,176$0$0$925,795
88$1,800,675$0$0$973,804
89$1,894,351$0$0$1,025,248
90$1,994,746$0$0$1,080,430
91$2,102,458$0$0$1,139,686
92$2,218,141$0$0$1,203,381
93$2,342,511$0$0$1,271,917
94$2,476,359$0$0$1,345,736
95$2,620,548$0$0$1,425,324
96$2,776,031$0$0$1,511,213
97$2,943,850$0$0$1,603,988
98$3,125,154$0$0$1,704,293
99$3,321,203$0$0$1,812,835
100$3,533,384$0$0$1,930,392