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%11.4%
1 years$32,866$32,574$32,288$32,009$31,737$31,550
2 years$16,271$15,968$15,674$15,389$15,113$14,924
3 years$10,739$10,435$10,142$9,860$9,588$9,404
4 years$7,974$7,671$7,381$7,104$6,838$6,660
5 years$6,316$6,014$5,728$5,456$5,198$5,026
6 years$5,210$4,911$4,629$4,363$4,113$3,947
7 years$4,421$4,124$3,847$3,587$3,345$3,185
8 years$3,829$3,535$3,262$3,009$2,775$2,622
9 years$3,369$3,078$2,810$2,563$2,337$2,190
10 years$3,002$2,713$2,450$2,210$1,991$1,851
11 years$2,701$2,415$2,157$1,923$1,713$1,578
12 years$2,451$2,168$1,914$1,687$1,484$1,356
13 years$2,239$1,959$1,710$1,489$1,294$1,172
14 years$2,058$1,781$1,536$1,322$1,134$1,018
15 years$1,901$1,627$1,387$1,179$999$888
16 years$1,763$1,493$1,258$1,056$883$778
17 years$1,642$1,375$1,144$948$783$683
18 years$1,535$1,270$1,045$855$696$601
19 years$1,439$1,177$956$772$620$531
20 years$1,353$1,094$878$699$554$469
21 years$1,275$1,019$807$635$496$416
22 years$1,204$951$744$577$444$369
23 years$1,139$890$687$526$399$328
24 years$1,080$833$635$479$359$291
25 years$1,026$782$589$438$323$259
26 years$976$735$546$400$291$231
27 years$930$692$507$366$262$206
28 years$887$652$471$336$236$184
29 years$847$615$438$308$214$164
30 years$810$581$408$283$193$147
31 years$776$549$381$260$174$131
32 years$743$520$355$238$158$117
33 years$713$492$332$219$143$105
34 years$684$466$310$202$129$94
35 years$657$442$290$186$117$84
36 years$632$420$271$171$106$75
37 years$608$399$254$158$96$67
38 years$586$379$238$145$87$60
39 years$564$360$223$134$79$54
40 years$544$343$209$124$72$49
41 years$525$326$196$114$65$44
42 years$507$311$184$105$59$39
43 years$489$296$172$97$54$35
44 years$473$282$162$90$49$31
45 years$457$269$152$83$44$28
46 years$442$257$143$76$40$25
47 years$428$245$134$71$36$23
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 $5,752 every year, while hoping to spend $27,798 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: 49/31/20 Blend
49$398,000$398,000$398,000$398,000
50$444,529$423,435$417,266$463,556
51$460,294$414,607$401,668$468,526
52$476,736$404,414$384,615$470,632
53$493,893$392,761$366,030$472,334
54$511,810$379,545$345,831$473,607
55$530,531$364,659$323,933$474,423
56$550,107$347,990$300,247$474,753
57$570,592$329,415$274,679$474,567
58$592,044$308,808$247,133$473,837
59$614,527$286,034$217,506$472,530
60$638,108$260,950$185,692$470,617
61$662,864$233,405$151,582$468,065
62$688,874$203,240$115,058$464,842
63$716,227$170,286$76,000$460,917
64$745,018$134,366$34,282$456,256
65$775,351$95,291$0$450,829
66$807,340$52,864$0$446,788
67$841,109$6,874$0$449,867
68$876,791$0$0$452,743
69$914,535$0$0$470,053
70$954,500$0$0$490,884
71$996,863$0$0$512,986
72$1,041,814$0$0$536,462
73$1,089,563$0$0$561,423
74$1,140,339$0$0$587,994
75$1,194,393$0$0$616,307
76$1,251,999$0$0$646,511
77$1,313,458$0$0$678,767
78$1,379,099$0$0$713,252
79$1,449,283$0$0$750,160
80$1,524,406$0$0$789,703
81$1,604,901$0$0$832,115
82$1,691,244$0$0$877,652
83$1,783,957$0$0$926,595
84$1,883,614$0$0$979,251
85$1,990,843$0$0$1,035,960
86$2,106,335$0$0$1,097,093
87$2,230,848$0$0$1,163,059
88$2,365,217$0$0$1,234,306
89$2,510,356$0$0$1,311,328
90$2,667,271$0$0$1,394,667
91$2,837,069$0$0$1,484,917
92$3,020,966$0$0$1,582,736
93$3,220,296$0$0$1,688,842
94$3,436,531$0$0$1,804,028
95$3,671,287$0$0$1,929,165
96$3,926,341$0$0$2,065,211
97$4,203,649$0$0$2,213,221
98$4,505,362$0$0$2,374,355
99$4,833,847$0$0$2,549,890
100$5,191,709$0$0$2,741,229