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%19.7%
1 years$31,628$31,346$31,071$30,803$30,541$29,352
2 years$15,657$15,366$15,083$14,809$14,543$13,360
3 years$10,335$10,042$9,760$9,488$9,227$8,086
4 years$7,674$7,382$7,103$6,836$6,581$5,492
5 years$6,078$5,787$5,512$5,251$5,003$3,968
6 years$5,014$4,726$4,454$4,199$3,958$2,978
7 years$4,254$3,969$3,702$3,452$3,219$2,294
8 years$3,685$3,402$3,139$2,896$2,671$1,799
9 years$3,242$2,962$2,704$2,467$2,249$1,430
10 years$2,888$2,611$2,357$2,126$1,916$1,148
11 years$2,599$2,324$2,075$1,851$1,648$928
12 years$2,358$2,086$1,842$1,623$1,428$756
13 years$2,154$1,885$1,646$1,433$1,245$618
14 years$1,980$1,714$1,479$1,272$1,092$507
15 years$1,829$1,565$1,335$1,134$961$418
16 years$1,697$1,436$1,210$1,016$850$345
17 years$1,580$1,323$1,101$913$753$285
18 years$1,477$1,222$1,005$823$670$236
19 years$1,385$1,133$920$743$597$196
20 years$1,302$1,053$845$673$533$163
21 years$1,227$981$777$611$477$136
22 years$1,159$915$716$555$428$113
23 years$1,096$856$661$506$384$94
24 years$1,040$802$611$461$345$78
25 years$987$753$566$421$311$65
26 years$939$707$525$385$280$54
27 years$895$666$488$353$252$45
28 years$854$627$453$323$228$38
29 years$815$592$422$296$205$32
30 years$780$559$393$272$186$26
31 years$746$528$366$250$168$22
32 years$715$500$342$230$152$18
33 years$686$473$319$211$137$15
34 years$658$449$298$194$124$13
35 years$633$426$279$179$113$11
36 years$608$404$261$165$102$9
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$4
42 years$488$299$177$101$57$3
43 years$471$285$166$93$52$3
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 $5,261 every year, while hoping to spend $28,963 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: 48/28/24 Blend
49$383,000$383,000$383,000$383,000
50$427,493$407,194$401,257$444,872
51$440,281$396,330$383,883$446,698
52$453,402$383,963$364,956$445,381
53$466,861$369,989$344,393$443,366
54$480,659$354,297$322,109$440,601
55$494,800$336,771$298,013$437,032
56$509,284$317,287$272,011$432,599
57$524,112$295,715$244,005$427,239
58$539,283$271,917$213,890$420,887
59$554,795$245,746$181,561$413,472
60$570,646$217,049$146,905$404,920
61$586,830$185,663$109,805$395,150
62$603,341$151,415$70,138$384,079
63$620,171$114,123$27,776$371,618
64$637,309$73,596$0$357,670
65$654,743$29,630$0$346,600
66$672,456$0$0$341,718
67$690,430$0$0$341,368
68$708,644$0$0$350,251
69$727,070$0$0$359,223
70$745,679$0$0$368,267
71$764,437$0$0$377,365
72$783,303$0$0$386,494
73$802,231$0$0$395,630
74$821,170$0$0$404,743
75$840,060$0$0$413,802
76$858,832$0$0$422,769
77$877,412$0$0$431,604
78$895,713$0$0$440,260
79$913,638$0$0$448,685
80$931,077$0$0$456,821
81$947,910$0$0$464,601
82$963,998$0$0$471,951
83$979,188$0$0$478,790
84$993,309$0$0$485,026
85$1,006,169$0$0$490,556
86$1,017,554$0$0$495,265
87$1,027,226$0$0$499,028
88$1,034,920$0$0$501,701
89$1,040,340$0$0$503,128
90$1,043,159$0$0$503,133
91$1,043,012$0$0$501,523
92$1,039,493$0$0$498,080
93$1,032,154$0$0$492,567
94$1,020,495$0$0$484,718
95$1,003,963$0$0$474,238
96$981,945$0$0$460,802
97$953,762$0$0$444,048
98$918,661$0$0$423,577
99$875,811$0$0$398,946
100$824,287$0$0$369,666