Can I retire at age 50 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$30,637$30,364$30,098$29,838$29,584$29,287
2 years$15,167$14,884$14,611$14,345$14,088$13,789
3 years$10,011$9,727$9,454$9,191$8,938$8,646
4 years$7,433$7,150$6,880$6,622$6,375$6,092
5 years$5,887$5,606$5,339$5,086$4,846$4,574
6 years$4,857$4,578$4,315$4,067$3,834$3,573
7 years$4,121$3,844$3,586$3,344$3,118$2,867
8 years$3,569$3,295$3,041$2,805$2,587$2,347
9 years$3,141$2,869$2,619$2,389$2,179$1,949
10 years$2,798$2,529$2,283$2,060$1,856$1,637
11 years$2,518$2,251$2,010$1,793$1,596$1,387
12 years$2,284$2,021$1,784$1,572$1,383$1,184
13 years$2,087$1,826$1,594$1,388$1,206$1,017
14 years$1,918$1,660$1,432$1,232$1,058$878
15 years$1,772$1,516$1,293$1,099$931$761
16 years$1,644$1,391$1,172$984$823$661
17 years$1,531$1,281$1,067$884$730$577
18 years$1,431$1,184$974$797$649$504
19 years$1,341$1,097$892$720$578$442
20 years$1,261$1,020$818$652$517$388
21 years$1,188$950$753$592$462$341
22 years$1,122$887$694$538$414$300
23 years$1,062$829$640$490$372$265
24 years$1,007$777$592$447$334$234
25 years$956$729$549$408$301$207
26 years$910$685$509$373$271$183
27 years$867$645$472$342$244$162
28 years$827$608$439$313$220$143
29 years$790$573$409$287$199$127
30 years$755$541$381$263$180$112
31 years$723$512$355$242$163$100
32 years$693$484$331$222$147$88
33 years$664$459$309$204$133$78
34 years$638$435$289$188$121$70
35 years$613$412$270$173$109$62
36 years$589$391$253$159$99$55
37 years$567$372$236$147$90$49
38 years$546$353$221$135$81$43
39 years$526$336$207$125$74$38
40 years$507$320$194$115$67$34
41 years$489$304$182$106$61$30
42 years$472$290$171$98$55$27
43 years$456$276$161$91$50$24
44 years$441$263$151$84$45$21
45 years$426$251$141$77$41$19
46 years$412$239$133$71$37$17
47 years$399$228$125$66$34$15
48 years$386$218$117$61$31$13
49 years$374$208$110$56$28$12
50 years$362$199$104$52$25$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $371,000, adding $5,294 every year, while hoping to spend $20,592 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: 62/30/8 Blend
49$371,000$371,000$371,000$371,000
50$414,303$394,640$388,889$438,974
51$434,652$392,067$380,007$453,541
52$456,387$388,679$370,138$466,564
53$479,626$384,412$359,226$480,254
54$504,502$379,202$347,213$494,677
55$531,158$372,980$334,042$509,903
56$559,751$365,671$319,647$526,012
57$590,455$357,198$303,964$543,092
58$623,459$347,479$286,925$561,241
59$658,972$336,425$268,458$580,569
60$697,223$323,946$248,487$601,197
61$738,463$309,943$226,935$623,258
62$782,969$294,313$203,719$646,904
63$831,044$276,946$178,756$672,299
64$883,020$257,726$151,954$699,628
65$939,266$236,532$123,222$729,096
66$1,000,183$213,235$92,462$760,927
67$1,066,215$187,696$59,573$795,375
68$1,137,848$159,773$24,448$832,718
69$1,215,619$129,312$0$873,264
70$1,300,116$96,152$0$918,469
71$1,391,988$60,123$0$969,899
72$1,491,947$21,046$0$1,025,895
73$1,600,779$0$0$1,086,933
74$1,719,346$0$0$1,160,563
75$1,848,598$0$0$1,248,427
76$1,989,581$0$0$1,344,292
77$2,143,446$0$0$1,448,944
78$2,311,459$0$0$1,563,248
79$2,495,016$0$0$1,688,156
80$2,695,650$0$0$1,824,716
81$2,915,052$0$0$1,974,083
82$3,155,084$0$0$2,137,528
83$3,417,794$0$0$2,316,450
84$3,705,438$0$0$2,512,390
85$4,020,501$0$0$2,727,046
86$4,365,720$0$0$2,962,285
87$4,744,107$0$0$3,220,168
88$5,158,983$0$0$3,502,959
89$5,614,001$0$0$3,813,157
90$6,113,188$0$0$4,153,512
91$6,660,979$0$0$4,527,052
92$7,262,259$0$0$4,937,114
93$7,922,407$0$0$5,387,374
94$8,647,352$0$0$5,881,881
95$9,443,622$0$0$6,425,095
96$10,318,411$0$0$7,021,930
97$11,279,641$0$0$7,677,798
98$12,336,042$0$0$8,398,664
99$13,497,232$0$0$9,191,096
100$14,773,805$0$0$10,062,332