Can I retire at age 50 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$31,958$31,673$31,396$31,125$30,860$29,896
2 years$15,821$15,526$15,241$14,964$14,695$13,733
3 years$10,442$10,147$9,862$9,587$9,323$8,392
4 years$7,754$7,459$7,177$6,907$6,649$5,757
5 years$6,141$5,848$5,569$5,305$5,055$4,204
6 years$5,066$4,775$4,501$4,243$4,000$3,190
7 years$4,299$4,010$3,740$3,488$3,253$2,485
8 years$3,723$3,437$3,172$2,926$2,699$1,972
9 years$3,276$2,993$2,732$2,492$2,273$1,587
10 years$2,919$2,638$2,382$2,149$1,936$1,290
11 years$2,626$2,349$2,097$1,870$1,665$1,057
12 years$2,383$2,108$1,861$1,640$1,443$872
13 years$2,177$1,905$1,663$1,448$1,258$723
14 years$2,001$1,732$1,494$1,285$1,103$602
15 years$1,848$1,582$1,349$1,146$971$503
16 years$1,715$1,451$1,223$1,026$858$421
17 years$1,597$1,337$1,113$922$761$354
18 years$1,493$1,235$1,016$831$677$297
19 years$1,399$1,145$930$751$603$251
20 years$1,315$1,064$853$680$539$211
21 years$1,239$991$785$617$482$179
22 years$1,171$925$724$561$432$151
23 years$1,108$865$668$511$388$128
24 years$1,050$810$618$466$349$108
25 years$998$761$572$426$314$92
26 years$949$715$531$389$283$78
27 years$904$673$493$356$255$66
28 years$863$634$458$326$230$56
29 years$824$598$426$299$208$47
30 years$788$565$397$275$188$40
31 years$754$534$370$252$170$34
32 years$723$505$345$232$153$29
33 years$693$478$323$213$139$25
34 years$665$453$301$196$126$21
35 years$639$430$282$181$114$18
36 years$615$408$264$166$103$15
37 years$591$388$247$153$94$13
38 years$570$368$231$141$85$11
39 years$549$350$216$130$77$9
40 years$529$333$203$120$70$8
41 years$510$317$190$111$63$7
42 years$493$302$178$102$57$6
43 years$476$288$167$94$52$5
44 years$460$274$157$87$47$4
45 years$445$262$148$81$43$3
46 years$430$250$139$74$39$3
47 years$416$238$130$69$35$2
48 years$403$227$122$64$32$2
49 years$390$217$115$59$29$2
50 years$378$207$108$54$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $387,000, adding $2,998 every year, while hoping to spend $27,235 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: 71/14/15 Blend
49$387,000$387,000$387,000$387,000
50$429,566$409,055$403,057$458,398
51$444,404$400,121$387,582$469,000
52$459,843$389,837$370,675$477,026
53$475,915$378,106$352,260$485,102
54$492,655$364,830$332,258$493,231
55$510,100$349,902$310,583$501,413
56$528,292$333,208$287,149$509,649
57$547,273$314,631$261,864$517,942
58$567,091$294,044$234,632$526,296
59$587,796$271,314$205,355$534,715
60$609,444$246,301$173,926$543,205
61$632,092$218,855$140,238$551,774
62$655,806$188,819$104,176$560,432
63$680,655$156,028$65,623$569,190
64$706,714$120,306$24,454$578,063
65$734,066$81,467$0$587,066
66$762,797$39,316$0$599,339
67$793,006$0$0$616,165
68$824,797$0$0$634,656
69$858,285$0$0$660,520
70$893,592$0$0$687,799
71$930,856$0$0$716,596
72$970,223$0$0$747,029
73$1,011,855$0$0$779,221
74$1,055,927$0$0$813,311
75$1,102,632$0$0$849,449
76$1,152,179$0$0$887,798
77$1,204,798$0$0$928,537
78$1,260,740$0$0$971,862
79$1,320,279$0$0$1,017,988
80$1,383,716$0$0$1,067,148
81$1,451,379$0$0$1,119,602
82$1,523,630$0$0$1,175,628
83$1,600,863$0$0$1,235,537
84$1,683,511$0$0$1,299,667
85$1,772,049$0$0$1,368,388
86$1,866,998$0$0$1,442,108
87$1,968,928$0$0$1,521,272
88$2,078,468$0$0$1,606,372
89$2,196,305$0$0$1,697,944
90$2,323,196$0$0$1,796,581
91$2,459,969$0$0$1,902,929
92$2,607,538$0$0$2,017,703
93$2,766,902$0$0$2,141,685
94$2,939,164$0$0$2,275,735
95$3,125,533$0$0$2,420,800
96$3,327,339$0$0$2,577,920
97$3,546,043$0$0$2,748,237
98$3,783,254$0$0$2,933,008
99$4,040,739$0$0$3,133,616
100$4,320,442$0$0$3,351,581