Can I retire at age 50 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$32,123$31,837$31,558$31,285$31,019$30,863
2 years$15,903$15,606$15,319$15,041$14,771$14,613
3 years$10,496$10,199$9,913$9,637$9,371$9,217
4 years$7,794$7,497$7,214$6,943$6,684$6,534
5 years$6,173$5,878$5,598$5,333$5,081$4,936
6 years$5,092$4,800$4,524$4,265$4,020$3,881
7 years$4,321$4,031$3,760$3,506$3,270$3,135
8 years$3,743$3,455$3,188$2,941$2,712$2,583
9 years$3,293$3,008$2,746$2,505$2,284$2,161
10 years$2,934$2,652$2,394$2,160$1,946$1,828
11 years$2,640$2,361$2,108$1,880$1,674$1,561
12 years$2,395$2,119$1,871$1,649$1,451$1,342
13 years$2,188$1,915$1,671$1,455$1,265$1,162
14 years$2,011$1,741$1,502$1,292$1,109$1,011
15 years$1,858$1,590$1,356$1,152$976$883
16 years$1,723$1,459$1,229$1,032$863$774
17 years$1,605$1,343$1,119$927$765$681
18 years$1,500$1,241$1,021$835$680$600
19 years$1,406$1,151$935$755$606$530
20 years$1,322$1,069$858$684$542$470
21 years$1,246$996$789$620$485$417
22 years$1,177$930$727$564$434$370
23 years$1,114$869$672$514$390$329
24 years$1,056$815$621$469$351$293
25 years$1,003$764$575$428$315$262
26 years$954$718$533$391$284$234
27 years$909$676$495$358$256$209
28 years$867$637$461$328$231$186
29 years$828$601$429$301$209$167
30 years$792$568$399$276$189$149
31 years$758$537$372$254$170$134
32 years$726$508$347$233$154$120
33 years$697$481$324$214$140$107
34 years$669$456$303$197$126$96
35 years$643$432$283$182$114$86
36 years$618$410$265$167$104$77
37 years$594$390$248$154$94$69
38 years$572$370$232$142$85$62
39 years$552$352$218$131$77$56
40 years$532$335$204$121$70$50
41 years$513$319$191$111$64$45
42 years$495$304$179$103$58$40
43 years$478$289$168$95$52$36
44 years$462$276$158$88$48$33
45 years$447$263$148$81$43$29
46 years$432$251$139$75$39$26
47 years$418$239$131$69$36$24
48 years$405$229$123$64$32$21
49 years$392$218$116$59$29$19
50 years$380$209$109$55$27$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $389,000, adding $4,685 every year, while hoping to spend $34,631 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: 41/31/28 Blend
49$389,000$389,000$389,000$389,000
50$433,511$412,894$406,864$447,555
51$440,882$396,278$383,647$441,531
52$447,844$377,688$358,491$431,429
53$454,319$356,990$331,296$419,833
54$460,219$334,042$301,954$406,628
55$465,448$308,696$270,356$391,688
56$469,895$280,795$236,385$374,881
57$473,442$250,170$199,920$356,063
58$475,951$216,647$160,836$335,078
59$477,275$180,040$119,001$311,761
60$477,246$140,151$74,277$285,933
61$475,680$96,773$26,520$257,401
62$472,371$49,687$0$225,958
63$467,092$0$0$198,685
64$459,591$0$0$177,423
65$449,588$0$0$171,951
66$436,772$0$0$165,179
67$420,801$0$0$156,950
68$401,295$0$0$147,091
69$377,832$0$0$135,412
70$349,948$0$0$121,702
71$317,127$0$0$105,726
72$278,800$0$0$87,226
73$234,338$0$0$65,916
74$183,044$0$0$41,482
75$124,150$0$0$13,574
76$56,805$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0