Can I retire at age 50 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$31,297$31,019$30,747$30,481$30,222$29,807
2 years$15,494$15,205$14,926$14,654$14,391$13,974
3 years$10,227$9,937$9,658$9,389$9,131$8,724
4 years$7,594$7,305$7,028$6,764$6,512$6,119
5 years$6,014$5,727$5,454$5,196$4,950$4,572
6 years$4,961$4,676$4,408$4,155$3,917$3,554
7 years$4,210$3,927$3,663$3,416$3,186$2,838
8 years$3,646$3,366$3,107$2,866$2,643$2,311
9 years$3,208$2,931$2,676$2,441$2,226$1,909
10 years$2,858$2,584$2,333$2,104$1,896$1,595
11 years$2,572$2,300$2,054$1,831$1,631$1,344
12 years$2,334$2,064$1,823$1,606$1,413$1,141
13 years$2,132$1,866$1,628$1,418$1,232$974
14 years$1,959$1,696$1,463$1,259$1,080$836
15 years$1,810$1,549$1,321$1,123$951$720
16 years$1,679$1,421$1,198$1,005$841$622
17 years$1,564$1,309$1,090$903$745$539
18 years$1,462$1,210$995$814$663$468
19 years$1,370$1,121$911$735$591$408
20 years$1,288$1,042$836$666$528$356
21 years$1,214$970$769$605$472$311
22 years$1,146$906$709$550$423$272
23 years$1,085$847$654$501$380$238
24 years$1,029$794$605$457$342$208
25 years$977$745$560$417$307$183
26 years$930$700$520$381$277$160
27 years$886$659$483$349$250$141
28 years$845$621$449$320$225$124
29 years$807$586$418$293$203$109
30 years$771$553$389$269$184$96
31 years$739$523$363$247$166$84
32 years$708$495$338$227$150$74
33 years$679$468$316$209$136$65
34 years$652$444$295$192$123$58
35 years$626$421$276$177$112$51
36 years$602$400$258$163$101$45
37 years$579$380$242$150$92$39
38 years$558$361$226$138$83$35
39 years$537$343$212$128$75$31
40 years$518$326$199$118$68$27
41 years$500$311$186$109$62$24
42 years$483$296$175$100$56$21
43 years$466$282$164$92$51$19
44 years$450$269$154$85$46$16
45 years$435$256$145$79$42$14
46 years$421$244$136$73$38$13
47 years$407$233$128$67$35$11
48 years$394$223$120$62$31$10
49 years$382$213$113$57$29$9
50 years$370$203$106$53$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $379,000, adding $2,327 every year, while hoping to spend $24,919 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: 84/7/9 Blend
49$379,000$379,000$379,000$379,000
50$420,058$399,971$394,097$454,645
51$436,391$393,056$380,785$470,682
52$453,554$384,967$366,193$484,695
53$471,606$375,620$350,250$499,315
54$490,611$364,927$332,885$514,589
55$510,637$352,793$314,021$530,566
56$531,762$339,119$293,579$547,302
57$554,065$323,799$271,478$564,857
58$577,637$306,723$247,630$583,298
59$602,576$287,772$221,946$602,699
60$628,989$266,823$194,331$623,140
61$656,991$243,743$164,686$644,711
62$686,711$218,393$132,910$667,509
63$718,287$190,626$98,895$691,645
64$751,873$160,287$62,528$717,235
65$787,634$127,211$23,693$744,413
66$825,754$91,226$0$773,323
67$866,432$52,147$0$805,829
68$909,888$9,782$0$842,943
69$956,360$0$0$882,594
70$1,006,114$0$0$927,787
71$1,059,437$0$0$977,035
72$1,116,646$0$0$1,029,877
73$1,178,088$0$0$1,086,634
74$1,244,145$0$0$1,147,659
75$1,315,235$0$0$1,213,339
76$1,391,819$0$0$1,284,100
77$1,474,400$0$0$1,360,409
78$1,563,535$0$0$1,442,780
79$1,659,831$0$0$1,531,777
80$1,763,959$0$0$1,628,018
81$1,876,656$0$0$1,732,187
82$1,998,730$0$0$1,845,031
83$2,131,071$0$0$1,967,374
84$2,274,658$0$0$2,100,122
85$2,430,566$0$0$2,244,270
86$2,599,980$0$0$2,400,915
87$2,784,201$0$0$2,571,261
88$2,984,661$0$0$2,756,634
89$3,202,938$0$0$2,958,492
90$3,440,765$0$0$3,178,442
91$3,700,050$0$0$3,418,250
92$3,982,895$0$0$3,679,859
93$4,291,612$0$0$3,965,410
94$4,628,745$0$0$4,277,260
95$4,997,097$0$0$4,618,000
96$5,399,752$0$0$4,990,486
97$5,840,105$0$0$5,397,862
98$6,321,896$0$0$5,843,587
99$6,849,241$0$0$6,331,474
100$7,426,675$0$0$6,865,718