Can I retire at age 50 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$30,389$30,118$29,854$29,597$29,345$28,729
2 years$15,044$14,764$14,492$14,229$13,974$13,356
3 years$9,930$9,648$9,378$9,117$8,866$8,265
4 years$7,373$7,093$6,824$6,568$6,323$5,745
5 years$5,840$5,561$5,296$5,045$4,807$4,253
6 years$4,817$4,541$4,280$4,034$3,803$3,274
7 years$4,088$3,813$3,557$3,317$3,093$2,588
8 years$3,541$3,269$3,016$2,783$2,566$2,085
9 years$3,115$2,846$2,598$2,370$2,161$1,704
10 years$2,775$2,509$2,265$2,043$1,841$1,408
11 years$2,497$2,233$1,994$1,778$1,584$1,173
12 years$2,266$2,004$1,770$1,560$1,372$985
13 years$2,070$1,811$1,581$1,377$1,197$831
14 years$1,902$1,647$1,421$1,222$1,049$704
15 years$1,757$1,504$1,283$1,090$924$599
16 years$1,630$1,380$1,163$976$816$511
17 years$1,519$1,271$1,058$877$724$437
18 years$1,419$1,174$966$790$644$375
19 years$1,330$1,088$884$714$574$322
20 years$1,251$1,011$812$647$512$277
21 years$1,179$942$746$587$458$239
22 years$1,113$879$688$534$411$206
23 years$1,054$823$635$486$369$178
24 years$999$771$588$443$332$154
25 years$949$723$544$405$298$133
26 years$903$680$505$370$269$115
27 years$860$640$469$339$242$100
28 years$820$603$436$310$219$86
29 years$783$569$405$285$197$75
30 years$749$537$378$261$178$65
31 years$717$508$352$240$161$56
32 years$687$480$328$221$146$49
33 years$659$455$307$203$132$42
34 years$633$431$287$187$120$37
35 years$608$409$268$172$108$32
36 years$584$388$251$158$98$28
37 years$562$369$235$146$89$24
38 years$542$350$220$134$81$21
39 years$522$333$206$124$73$18
40 years$503$317$193$114$66$16
41 years$485$302$181$105$60$14
42 years$469$287$170$97$55$12
43 years$452$274$159$90$50$10
44 years$437$261$149$83$45$9
45 years$423$249$140$77$41$8
46 years$409$237$132$71$37$7
47 years$396$227$124$65$34$6
48 years$383$216$116$60$31$5
49 years$371$207$109$56$28$4
50 years$359$197$103$52$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $368,000, adding $2,112 every year, while hoping to spend $21,130 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: 87/7/6 Blend
49$368,000$368,000$368,000$368,000
50$407,715$388,211$382,507$442,913
51$426,819$384,751$372,838$462,698
52$447,164$380,413$362,138$481,288
53$468,854$375,133$350,349$501,033
54$492,003$368,840$337,411$522,034
55$516,736$361,461$323,263$544,400
56$543,190$352,920$307,839$568,254
57$571,515$343,132$291,071$593,730
58$601,876$332,012$272,889$620,975
59$634,454$319,468$253,217$650,151
60$669,448$305,401$231,979$681,436
61$707,074$289,709$209,094$715,027
62$747,573$272,281$184,475$751,139
63$791,207$253,004$158,036$790,011
64$838,263$231,755$129,684$831,905
65$889,060$208,405$99,323$877,108
66$943,945$182,817$66,850$925,939
67$1,003,300$154,848$32,163$978,746
68$1,067,546$124,346$0$1,035,916
69$1,137,146$91,148$0$1,098,184
70$1,212,607$55,087$0$1,167,923
71$1,294,488$15,982$0$1,243,596
72$1,383,404$0$0$1,325,777
73$1,480,032$0$0$1,417,131
74$1,585,115$0$0$1,517,820
75$1,699,470$0$0$1,627,397
76$1,824,000$0$0$1,746,727
77$1,959,693$0$0$1,876,758
78$2,107,641$0$0$2,018,537
79$2,269,044$0$0$2,173,212
80$2,445,222$0$0$2,342,052
81$2,637,629$0$0$2,526,448
82$2,847,866$0$0$2,727,937
83$3,077,696$0$0$2,948,207
84$3,329,057$0$0$3,189,118
85$3,604,086$0$0$3,452,719
86$3,905,135$0$0$3,741,263
87$4,234,795$0$0$4,057,234
88$4,595,917$0$0$4,403,367
89$4,991,642$0$0$4,782,673
90$5,425,430$0$0$5,198,468
91$5,901,091$0$0$5,654,405
92$6,422,820$0$0$6,154,507
93$6,995,240$0$0$6,703,204
94$7,623,442$0$0$7,305,379
95$8,313,033$0$0$7,966,406
96$9,070,190$0$0$8,692,209
97$9,901,718$0$0$9,489,309
98$10,815,112$0$0$10,364,895
99$11,818,630$0$0$11,326,883
100$12,921,369$0$0$12,383,993