Can I retire at age 50 with 380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$31,380$31,101$30,828$30,562$30,302$29,923
2 years$15,535$15,245$14,965$14,693$14,429$14,048
3 years$10,254$9,963$9,683$9,414$9,155$8,783
4 years$7,614$7,324$7,047$6,782$6,529$6,170
5 years$6,030$5,742$5,469$5,209$4,963$4,618
6 years$4,975$4,689$4,420$4,166$3,927$3,595
7 years$4,221$3,938$3,673$3,425$3,194$2,876
8 years$3,656$3,375$3,115$2,873$2,650$2,346
9 years$3,217$2,939$2,683$2,447$2,231$1,941
10 years$2,866$2,590$2,339$2,110$1,901$1,625
11 years$2,579$2,306$2,059$1,836$1,635$1,372
12 years$2,340$2,070$1,827$1,610$1,417$1,167
13 years$2,138$1,871$1,633$1,422$1,236$998
14 years$1,964$1,700$1,467$1,262$1,083$858
15 years$1,815$1,553$1,324$1,126$954$740
16 years$1,684$1,425$1,201$1,008$843$641
17 years$1,568$1,312$1,093$906$747$557
18 years$1,466$1,213$997$816$665$485
19 years$1,374$1,124$913$737$592$423
20 years$1,291$1,044$838$668$529$370
21 years$1,217$973$771$606$473$324
22 years$1,149$908$710$551$424$284
23 years$1,088$849$656$502$381$249
24 years$1,031$796$607$458$342$219
25 years$980$747$562$418$308$192
26 years$932$702$521$382$278$169
27 years$888$661$484$350$250$149
28 years$847$622$450$321$226$131
29 years$809$587$419$294$204$116
30 years$774$555$390$270$184$102
31 years$740$524$364$248$167$90
32 years$710$496$339$228$151$79
33 years$681$470$317$209$136$70
34 years$653$445$296$193$123$62
35 years$628$422$277$177$112$55
36 years$604$401$259$163$101$48
37 years$581$381$242$150$92$43
38 years$559$362$227$139$83$38
39 years$539$344$213$128$75$33
40 years$520$327$199$118$68$30
41 years$501$312$187$109$62$26
42 years$484$297$175$100$56$23
43 years$467$283$164$93$51$20
44 years$451$269$154$86$46$18
45 years$436$257$145$79$42$16
46 years$422$245$136$73$38$14
47 years$409$234$128$67$35$12
48 years$395$223$120$62$32$11
49 years$383$213$113$58$29$10
50 years$371$204$106$53$26$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $380,000, adding $3,913 every year, while hoping to spend $21,219 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: 69/15/16 Blend
49$380,000$380,000$380,000$380,000
50$422,796$402,656$396,766$450,118
51$443,345$399,810$387,481$465,970
52$465,278$396,112$377,174$480,421
53$488,714$391,500$365,787$495,694
54$513,785$385,905$353,263$511,869
55$540,632$379,256$339,539$529,032
56$569,413$371,476$324,549$547,280
57$600,299$362,484$308,227$566,720
58$633,478$352,194$290,502$587,470
59$669,158$340,517$271,299$609,661
60$707,567$327,356$250,542$633,438
61$748,952$312,611$228,149$658,962
62$793,589$296,173$204,036$686,410
63$841,779$277,929$178,115$715,979
64$893,853$257,759$150,293$747,886
65$950,173$235,537$120,476$782,372
66$1,011,141$211,128$88,561$819,704
67$1,077,194$184,391$54,446$860,175
68$1,148,817$155,175$18,019$904,112
69$1,226,541$123,323$0$951,876
70$1,310,950$88,668$0$1,007,424
71$1,402,686$51,032$0$1,071,151
72$1,502,457$10,229$0$1,140,485
73$1,611,041$0$0$1,215,989
74$1,729,293$0$0$1,303,880
75$1,858,156$0$0$1,401,516
76$1,998,665$0$0$1,507,998
77$2,151,962$0$0$1,624,192
78$2,319,303$0$0$1,751,053
79$2,502,070$0$0$1,889,632
80$2,701,784$0$0$2,041,084
81$2,920,120$0$0$2,206,684
82$3,158,924$0$0$2,387,833
83$3,420,225$0$0$2,586,076
84$3,706,261$0$0$2,803,112
85$4,019,493$0$0$3,040,813
86$4,362,634$0$0$3,301,242
87$4,738,669$0$0$3,586,667
88$5,150,888$0$0$3,899,589
89$5,602,913$0$0$4,242,763
90$6,098,733$0$0$4,619,221
91$6,642,743$0$0$5,032,304
92$7,239,783$0$0$5,485,692
93$7,895,185$0$0$5,983,439
94$8,614,822$0$0$6,530,009
95$9,405,162$0$0$7,130,322
96$10,273,334$0$0$7,789,795
97$11,227,188$0$0$8,514,399
98$12,275,374$0$0$9,310,708
99$13,427,419$0$0$10,185,968
100$14,693,821$0$0$11,148,160