Can I retire at age 50 with 374,000?

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 $374,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$30,885$30,609$30,341$30,079$29,823$29,185
2 years$15,289$15,005$14,729$14,461$14,202$13,562
3 years$10,092$9,806$9,530$9,265$9,010$8,389
4 years$7,493$7,208$6,936$6,675$6,426$5,828
5 years$5,935$5,651$5,382$5,127$4,885$4,312
6 years$4,896$4,615$4,350$4,100$3,865$3,317
7 years$4,154$3,875$3,615$3,371$3,144$2,621
8 years$3,598$3,322$3,066$2,828$2,608$2,111
9 years$3,166$2,892$2,640$2,409$2,196$1,724
10 years$2,821$2,549$2,302$2,076$1,871$1,423
11 years$2,538$2,270$2,027$1,807$1,609$1,185
12 years$2,303$2,037$1,799$1,585$1,395$994
13 years$2,104$1,841$1,607$1,399$1,216$838
14 years$1,933$1,673$1,444$1,242$1,066$710
15 years$1,786$1,529$1,304$1,108$939$603
16 years$1,657$1,403$1,182$992$830$515
17 years$1,543$1,292$1,075$891$736$440
18 years$1,442$1,194$982$803$654$377
19 years$1,352$1,106$899$726$583$324
20 years$1,271$1,028$825$657$521$278
21 years$1,198$957$759$597$466$240
22 years$1,131$894$699$542$418$206
23 years$1,071$836$646$494$375$178
24 years$1,015$783$597$451$337$154
25 years$964$735$553$411$303$133
26 years$917$691$513$376$273$115
27 years$874$650$476$344$246$99
28 years$834$613$443$315$222$86
29 years$796$578$412$289$201$74
30 years$761$546$384$266$181$65
31 years$729$516$358$244$164$56
32 years$698$488$334$224$148$48
33 years$670$462$312$206$134$42
34 years$643$438$291$190$121$36
35 years$618$416$272$175$110$32
36 years$594$394$255$161$100$27
37 years$572$375$238$148$90$24
38 years$550$356$223$137$82$21
39 years$530$339$209$126$74$18
40 years$511$322$196$116$67$16
41 years$493$307$184$107$61$13
42 years$476$292$172$99$55$12
43 years$460$278$162$91$50$10
44 years$444$265$152$84$46$9
45 years$430$253$143$78$41$8
46 years$416$241$134$72$38$7
47 years$402$230$126$66$34$6
48 years$389$220$118$61$31$5
49 years$377$210$111$57$28$4
50 years$365$200$105$52$26$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $374,000, adding $5,290 every year, while hoping to spend $27,895 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: 25/47/28 Blend
49$374,000$374,000$374,000$374,000
50$417,605$397,783$391,986$424,286
51$430,520$387,594$375,437$420,067
52$443,818$375,971$357,399$412,834
53$457,508$362,814$337,793$404,501
54$471,600$348,018$316,535$394,994
55$486,103$331,471$293,538$384,236
56$501,027$313,054$268,713$372,145
57$516,382$292,644$241,965$358,635
58$532,176$270,107$213,194$343,615
59$548,420$245,304$182,298$326,988
60$565,122$218,087$149,169$308,653
61$582,293$188,301$113,694$288,504
62$599,939$155,781$75,755$266,428
63$618,071$120,352$35,231$242,305
64$636,696$81,831$0$216,010
65$655,821$40,023$0$189,806
66$675,454$0$0$172,546
67$695,600$0$0$156,319
68$716,266$0$0$160,900
69$737,456$0$0$165,590
70$759,173$0$0$170,389
71$781,420$0$0$175,297
72$804,198$0$0$180,313
73$827,506$0$0$185,435
74$851,341$0$0$190,662
75$875,700$0$0$195,990
76$900,576$0$0$201,417
77$925,958$0$0$206,940
78$951,836$0$0$212,552
79$978,193$0$0$218,248
80$1,005,011$0$0$224,023
81$1,032,266$0$0$229,866
82$1,059,931$0$0$235,770
83$1,087,972$0$0$241,724
84$1,116,351$0$0$247,715
85$1,145,023$0$0$253,729
86$1,173,935$0$0$259,750
87$1,203,029$0$0$265,760
88$1,232,235$0$0$271,738
89$1,261,474$0$0$277,659
90$1,290,658$0$0$283,498
91$1,319,684$0$0$289,224
92$1,348,439$0$0$294,804
93$1,376,792$0$0$300,200
94$1,404,598$0$0$305,369
95$1,431,693$0$0$310,263
96$1,457,891$0$0$314,829
97$1,482,988$0$0$319,008
98$1,506,750$0$0$322,734
99$1,528,919$0$0$325,932
100$1,549,208$0$0$328,520