Can I retire at age 50 with 380,000?

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 $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%19.8%
1 years$31,380$31,101$30,828$30,562$30,302$29,111
2 years$15,535$15,245$14,965$14,693$14,429$13,244
3 years$10,254$9,963$9,683$9,414$9,155$8,012
4 years$7,614$7,324$7,047$6,782$6,529$5,439
5 years$6,030$5,742$5,469$5,209$4,963$3,927
6 years$4,975$4,689$4,420$4,166$3,927$2,946
7 years$4,221$3,938$3,673$3,425$3,194$2,268
8 years$3,656$3,375$3,115$2,873$2,650$1,777
9 years$3,217$2,939$2,683$2,447$2,231$1,412
10 years$2,866$2,590$2,339$2,110$1,901$1,133
11 years$2,579$2,306$2,059$1,836$1,635$916
12 years$2,340$2,070$1,827$1,610$1,417$745
13 years$2,138$1,871$1,633$1,422$1,236$609
14 years$1,964$1,700$1,467$1,262$1,083$499
15 years$1,815$1,553$1,324$1,126$954$411
16 years$1,684$1,425$1,201$1,008$843$339
17 years$1,568$1,312$1,093$906$747$280
18 years$1,466$1,213$997$816$665$232
19 years$1,374$1,124$913$737$592$192
20 years$1,291$1,044$838$668$529$160
21 years$1,217$973$771$606$473$133
22 years$1,149$908$710$551$424$110
23 years$1,088$849$656$502$381$92
24 years$1,031$796$607$458$342$76
25 years$980$747$562$418$308$64
26 years$932$702$521$382$278$53
27 years$888$661$484$350$250$44
28 years$847$622$450$321$226$37
29 years$809$587$419$294$204$31
30 years$774$555$390$270$184$26
31 years$740$524$364$248$167$21
32 years$710$496$339$228$151$18
33 years$681$470$317$209$136$15
34 years$653$445$296$193$123$12
35 years$628$422$277$177$112$10
36 years$604$401$259$163$101$9
37 years$581$381$242$150$92$7
38 years$559$362$227$139$83$6
39 years$539$344$213$128$75$5
40 years$520$327$199$118$68$4
41 years$501$312$187$109$62$4
42 years$484$297$175$100$56$3
43 years$467$283$164$93$51$2
44 years$451$269$154$86$46$2
45 years$436$257$145$79$42$2
46 years$422$245$136$73$38$1
47 years$409$234$128$67$35$1
48 years$395$223$120$62$32$1
49 years$383$213$113$58$29$1
50 years$371$204$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $380,000, adding $5,546 every year, while hoping to spend $27,300 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: 52/38/10 Blend
49$380,000$380,000$380,000$380,000
50$424,481$404,341$398,451$445,173
51$438,731$395,106$382,752$450,644
52$453,519$384,505$365,612$453,189
53$468,873$372,440$346,954$455,321
54$484,818$358,810$326,698$457,004
55$501,386$343,508$304,759$458,207
56$518,608$326,421$281,049$458,892
57$536,518$307,427$255,476$459,021
58$555,153$286,401$227,945$458,556
59$574,552$263,208$198,354$457,454
60$594,757$237,706$166,600$455,673
61$615,814$209,745$132,572$453,167
62$637,770$179,166$96,156$449,889
63$660,679$145,801$57,234$445,791
64$684,597$109,474$15,680$440,821
65$709,585$69,998$0$434,927
66$735,710$27,175$0$431,113
67$763,043$0$0$428,247
68$791,660$0$0$432,641
69$821,646$0$0$449,163
70$853,092$0$0$466,500
71$886,096$0$0$484,708
72$920,765$0$0$503,848
73$957,216$0$0$523,986
74$995,574$0$0$545,194
75$1,035,977$0$0$567,550
76$1,078,575$0$0$591,138
77$1,123,532$0$0$616,052
78$1,171,025$0$0$642,392
79$1,221,248$0$0$670,269
80$1,274,414$0$0$699,804
81$1,330,753$0$0$731,129
82$1,390,519$0$0$764,386
83$1,453,988$0$0$799,735
84$1,521,462$0$0$837,346
85$1,593,272$0$0$877,409
86$1,669,781$0$0$920,131
87$1,751,384$0$0$965,736
88$1,838,517$0$0$1,014,473
89$1,931,654$0$0$1,066,614
90$2,031,318$0$0$1,122,456
91$2,138,081$0$0$1,182,326
92$2,252,570$0$0$1,246,582
93$2,375,474$0$0$1,315,617
94$2,507,548$0$0$1,389,864
95$2,649,621$0$0$1,469,795
96$2,802,605$0$0$1,555,932
97$2,967,498$0$0$1,648,845
98$3,145,400$0$0$1,749,163
99$3,337,517$0$0$1,857,575
100$3,545,176$0$0$1,974,841