Can I retire at age 50 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$31,628$31,346$31,071$30,803$30,541$29,318
2 years$15,657$15,366$15,083$14,809$14,543$13,326
3 years$10,335$10,042$9,760$9,488$9,227$8,054
4 years$7,674$7,382$7,103$6,836$6,581$5,462
5 years$6,078$5,787$5,512$5,251$5,003$3,940
6 years$5,014$4,726$4,454$4,199$3,958$2,952
7 years$4,254$3,969$3,702$3,452$3,219$2,270
8 years$3,685$3,402$3,139$2,896$2,671$1,777
9 years$3,242$2,962$2,704$2,467$2,249$1,410
10 years$2,888$2,611$2,357$2,126$1,916$1,129
11 years$2,599$2,324$2,075$1,851$1,648$912
12 years$2,358$2,086$1,842$1,623$1,428$741
13 years$2,154$1,885$1,646$1,433$1,245$605
14 years$1,980$1,714$1,479$1,272$1,092$495
15 years$1,829$1,565$1,335$1,134$961$407
16 years$1,697$1,436$1,210$1,016$850$335
17 years$1,580$1,323$1,101$913$753$277
18 years$1,477$1,222$1,005$823$670$229
19 years$1,385$1,133$920$743$597$189
20 years$1,302$1,053$845$673$533$157
21 years$1,227$981$777$611$477$130
22 years$1,159$915$716$555$428$108
23 years$1,096$856$661$506$384$90
24 years$1,040$802$611$461$345$75
25 years$987$753$566$421$311$62
26 years$939$707$525$385$280$52
27 years$895$666$488$353$252$43
28 years$854$627$453$323$228$36
29 years$815$592$422$296$205$30
30 years$780$559$393$272$186$25
31 years$746$528$366$250$168$21
32 years$715$500$342$230$152$17
33 years$686$473$319$211$137$14
34 years$658$449$298$194$124$12
35 years$633$426$279$179$113$10
36 years$608$404$261$165$102$8
37 years$585$384$244$152$93$7
38 years$564$365$229$140$84$6
39 years$543$347$214$129$76$5
40 years$524$330$201$119$69$4
41 years$505$314$188$110$63$3
42 years$488$299$177$101$57$3
43 years$471$285$166$93$52$2
44 years$455$272$156$86$47$2
45 years$440$259$146$80$42$2
46 years$426$247$137$74$39$1
47 years$412$236$129$68$35$1
48 years$399$225$121$63$32$1
49 years$386$215$114$58$29$1
50 years$374$205$107$54$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $383,000, adding $2,302 every year, while hoping to spend $21,885 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: 53/37/10 Blend
49$383,000$383,000$383,000$383,000
50$424,441$404,142$398,205$445,733
51$444,448$400,659$388,259$456,978
52$465,763$396,272$377,247$466,641
53$488,495$390,914$365,109$476,641
54$512,765$384,513$351,785$487,014
55$538,707$376,993$337,208$497,801
56$566,463$368,274$321,313$509,049
57$596,195$358,272$304,030$520,810
58$628,075$346,896$285,283$533,144
59$662,296$334,051$264,997$546,117
60$699,067$319,637$243,092$559,807
61$738,620$303,546$219,483$574,296
62$781,206$285,667$194,083$589,680
63$827,105$265,881$166,800$606,066
64$876,621$244,060$137,540$623,574
65$930,090$220,073$106,201$642,337
66$987,881$193,778$72,680$662,505
67$1,050,398$165,026$36,868$684,247
68$1,118,087$133,661$0$707,749
69$1,191,438$99,517$0$733,365
70$1,270,989$62,417$0$765,392
71$1,357,331$22,177$0$800,166
72$1,451,117$0$0$837,992
73$1,553,062$0$0$887,919
74$1,663,954$0$0$952,084
75$1,784,660$0$0$1,021,961
76$1,916,135$0$0$1,098,107
77$2,059,427$0$0$1,181,136
78$2,215,692$0$0$1,271,721
79$2,386,201$0$0$1,370,604
80$2,572,355$0$0$1,478,601
81$2,775,693$0$0$1,596,613
82$2,997,911$0$0$1,725,629
83$3,240,878$0$0$1,866,738
84$3,506,648$0$0$2,021,140
85$3,797,486$0$0$2,190,158
86$4,115,884$0$0$2,375,246
87$4,464,586$0$0$2,578,006
88$4,846,616$0$0$2,800,202
89$5,265,303$0$0$3,043,779
90$5,724,311$0$0$3,310,876
91$6,227,680$0$0$3,603,851
92$6,779,857$0$0$3,925,301
93$7,385,739$0$0$4,278,084
94$8,050,723$0$0$4,665,352
95$8,780,752$0$0$5,090,575
96$9,582,373$0$0$5,557,576
97$10,462,798$0$0$6,070,565
98$11,429,972$0$0$6,634,182
99$12,492,646$0$0$7,253,537
100$13,660,462$0$0$7,934,260