Can I retire at age 50 with 389,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$32,123$31,837$31,558$31,285$31,019$30,356
2 years$15,903$15,606$15,319$15,041$14,771$14,106
3 years$10,496$10,199$9,913$9,637$9,371$8,725
4 years$7,794$7,497$7,214$6,943$6,684$6,062
5 years$6,173$5,878$5,598$5,333$5,081$4,484
6 years$5,092$4,800$4,524$4,265$4,020$3,450
7 years$4,321$4,031$3,760$3,506$3,270$2,726
8 years$3,743$3,455$3,188$2,941$2,712$2,195
9 years$3,293$3,008$2,746$2,505$2,284$1,793
10 years$2,934$2,652$2,394$2,160$1,946$1,481
11 years$2,640$2,361$2,108$1,880$1,674$1,233
12 years$2,395$2,119$1,871$1,649$1,451$1,034
13 years$2,188$1,915$1,671$1,455$1,265$872
14 years$2,011$1,741$1,502$1,292$1,109$738
15 years$1,858$1,590$1,356$1,152$976$628
16 years$1,723$1,459$1,229$1,032$863$535
17 years$1,605$1,343$1,119$927$765$458
18 years$1,500$1,241$1,021$835$680$392
19 years$1,406$1,151$935$755$606$337
20 years$1,322$1,069$858$684$542$289
21 years$1,246$996$789$620$485$249
22 years$1,177$930$727$564$434$215
23 years$1,114$869$672$514$390$185
24 years$1,056$815$621$469$351$160
25 years$1,003$764$575$428$315$138
26 years$954$718$533$391$284$120
27 years$909$676$495$358$256$103
28 years$867$637$461$328$231$89
29 years$828$601$429$301$209$77
30 years$792$568$399$276$189$67
31 years$758$537$372$254$170$58
32 years$726$508$347$233$154$50
33 years$697$481$324$214$140$44
34 years$669$456$303$197$126$38
35 years$643$432$283$182$114$33
36 years$618$410$265$167$104$28
37 years$594$390$248$154$94$25
38 years$572$370$232$142$85$21
39 years$552$352$218$131$77$19
40 years$532$335$204$121$70$16
41 years$513$319$191$111$64$14
42 years$495$304$179$103$58$12
43 years$478$289$168$95$52$11
44 years$462$276$158$88$48$9
45 years$447$263$148$81$43$8
46 years$432$251$139$75$39$7
47 years$418$239$131$69$36$6
48 years$405$229$123$64$32$5
49 years$392$218$116$59$29$5
50 years$380$209$109$55$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $389,000, adding $5,679 every year, while hoping to spend $27,634 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: 65/10/25 Blend
49$389,000$389,000$389,000$389,000
50$434,536$413,919$407,889$459,600
51$449,456$404,799$392,151$468,071
52$464,972$394,305$374,960$473,716
53$481,115$382,342$356,237$479,263
54$497,920$368,808$335,902$484,704
55$515,422$353,593$313,869$490,033
56$533,661$336,585$290,049$495,242
57$552,678$317,662$264,350$500,326
58$572,520$296,696$236,674$505,277
59$593,235$273,552$206,920$510,091
60$614,876$248,087$174,983$514,764
61$637,499$220,149$140,751$519,292
62$661,168$189,580$104,110$523,672
63$685,948$156,211$64,939$527,904
64$711,911$119,862$23,111$531,988
65$739,137$80,346$0$535,928
66$767,710$37,464$0$545,470
67$797,723$0$0$561,831
68$829,276$0$0$579,878
69$862,478$0$0$603,215
70$897,448$0$0$627,805
71$934,316$0$0$653,740
72$973,221$0$0$681,119
73$1,014,319$0$0$710,054
74$1,057,776$0$0$740,662
75$1,103,776$0$0$773,076
76$1,152,519$0$0$807,437
77$1,204,221$0$0$843,901
78$1,259,124$0$0$882,639
79$1,317,486$0$0$923,837
80$1,379,594$0$0$967,699
81$1,445,761$0$0$1,014,448
82$1,516,328$0$0$1,064,329
83$1,591,671$0$0$1,117,610
84$1,672,200$0$0$1,174,584
85$1,758,366$0$0$1,235,573
86$1,850,662$0$0$1,300,931
87$1,949,629$0$0$1,371,043
88$2,055,863$0$0$1,446,336
89$2,170,015$0$0$1,527,275
90$2,292,801$0$0$1,614,373
91$2,425,006$0$0$1,708,191
92$2,567,494$0$0$1,809,347
93$2,721,213$0$0$1,918,518
94$2,887,204$0$0$2,036,451
95$3,066,611$0$0$2,163,963
96$3,260,692$0$0$2,301,955
97$3,470,831$0$0$2,451,416
98$3,698,546$0$0$2,613,434
99$3,945,509$0$0$2,789,205
100$4,213,559$0$0$2,980,045