Can I retire at age 50 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$32,866$32,574$32,288$32,009$31,737$31,537
2 years$16,271$15,968$15,674$15,389$15,113$14,911
3 years$10,739$10,435$10,142$9,860$9,588$9,391
4 years$7,974$7,671$7,381$7,104$6,838$6,647
5 years$6,316$6,014$5,728$5,456$5,198$5,014
6 years$5,210$4,911$4,629$4,363$4,113$3,936
7 years$4,421$4,124$3,847$3,587$3,345$3,174
8 years$3,829$3,535$3,262$3,009$2,775$2,611
9 years$3,369$3,078$2,810$2,563$2,337$2,180
10 years$3,002$2,713$2,450$2,210$1,991$1,841
11 years$2,701$2,415$2,157$1,923$1,713$1,569
12 years$2,451$2,168$1,914$1,687$1,484$1,347
13 years$2,239$1,959$1,710$1,489$1,294$1,164
14 years$2,058$1,781$1,536$1,322$1,134$1,010
15 years$1,901$1,627$1,387$1,179$999$881
16 years$1,763$1,493$1,258$1,056$883$771
17 years$1,642$1,375$1,144$948$783$676
18 years$1,535$1,270$1,045$855$696$595
19 years$1,439$1,177$956$772$620$525
20 years$1,353$1,094$878$699$554$464
21 years$1,275$1,019$807$635$496$411
22 years$1,204$951$744$577$444$364
23 years$1,139$890$687$526$399$323
24 years$1,080$833$635$479$359$287
25 years$1,026$782$589$438$323$255
26 years$976$735$546$400$291$227
27 years$930$692$507$366$262$203
28 years$887$652$471$336$236$181
29 years$847$615$438$308$214$161
30 years$810$581$408$283$193$144
31 years$776$549$381$260$174$129
32 years$743$520$355$238$158$115
33 years$713$492$332$219$143$103
34 years$684$466$310$202$129$92
35 years$657$442$290$186$117$82
36 years$632$420$271$171$106$74
37 years$608$399$254$158$96$66
38 years$586$379$238$145$87$59
39 years$564$360$223$134$79$53
40 years$544$343$209$124$72$47
41 years$525$326$196$114$65$42
42 years$507$311$184$105$59$38
43 years$489$296$172$97$54$34
44 years$473$282$162$90$49$30
45 years$457$269$152$83$44$27
46 years$442$257$143$76$40$24
47 years$428$245$134$71$36$22
48 years$414$234$126$65$33$20
49 years$401$223$118$60$30$18
50 years$389$213$111$56$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $398,000, adding $3,710 every year, while hoping to spend $28,361 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: 81/8/11 Blend
49$398,000$398,000$398,000$398,000
50$442,423$421,329$415,160$477,126
51$457,374$411,798$398,892$490,890
52$472,900$400,850$381,128$501,896
53$489,029$388,385$361,789$513,137
54$505,791$374,297$340,791$524,621
55$523,221$358,476$318,046$536,360
56$541,352$340,804$293,463$548,363
57$560,222$321,156$266,946$560,644
58$579,872$299,400$238,396$573,216
59$600,345$275,397$207,709$586,094
60$621,689$249,000$174,776$599,296
61$643,953$220,052$139,482$612,841
62$667,191$188,390$101,710$626,751
63$691,463$153,840$61,336$641,047
64$716,832$116,217$18,230$655,759
65$743,366$75,329$0$670,914
66$771,138$30,969$0$689,805
67$800,230$0$0$711,706
68$830,728$0$0$736,035
69$862,727$0$0$764,424
70$896,328$0$0$794,239
71$931,643$0$0$825,578
72$968,792$0$0$858,548
73$1,007,908$0$0$893,268
74$1,049,133$0$0$929,864
75$1,092,623$0$0$968,476
76$1,138,548$0$0$1,009,255
77$1,187,093$0$0$1,052,365
78$1,238,461$0$0$1,097,989
79$1,292,872$0$0$1,146,322
80$1,350,569$0$0$1,197,579
81$1,411,813$0$0$1,251,997
82$1,476,895$0$0$1,309,831
83$1,546,129$0$0$1,371,363
84$1,619,860$0$0$1,436,902
85$1,698,466$0$0$1,506,784
86$1,782,362$0$0$1,581,378
87$1,872,001$0$0$1,661,089
88$1,967,880$0$0$1,746,361
89$2,070,544$0$0$1,837,679
90$2,180,591$0$0$1,935,577
91$2,298,676$0$0$2,040,641
92$2,425,520$0$0$2,153,511
93$2,561,911$0$0$2,274,893
94$2,708,718$0$0$2,405,560
95$2,866,892$0$0$2,546,362
96$3,037,479$0$0$2,698,231
97$3,221,628$0$0$2,862,194
98$3,420,601$0$0$3,039,377
99$3,635,787$0$0$3,231,017
100$3,868,709$0$0$3,438,476