Can I retire at age 50 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$33,197$32,901$32,613$32,331$32,056$31,155
2 years$16,434$16,128$15,831$15,544$15,265$14,364
3 years$10,847$10,540$10,244$9,959$9,685$8,812
4 years$8,054$7,748$7,455$7,175$6,907$6,069
5 years$6,379$6,074$5,785$5,511$5,251$4,450
6 years$5,263$4,960$4,675$4,407$4,155$3,392
7 years$4,465$4,166$3,885$3,623$3,379$2,655
8 years$3,868$3,571$3,295$3,040$2,803$2,117
9 years$3,403$3,109$2,838$2,589$2,361$1,711
10 years$3,032$2,740$2,474$2,232$2,011$1,398
11 years$2,728$2,440$2,178$1,942$1,730$1,152
12 years$2,475$2,190$1,933$1,704$1,499$955
13 years$2,261$1,979$1,727$1,504$1,307$796
14 years$2,078$1,799$1,552$1,335$1,146$666
15 years$1,920$1,643$1,401$1,191$1,009$560
16 years$1,781$1,508$1,270$1,066$892$472
17 years$1,659$1,388$1,156$958$791$398
18 years$1,550$1,283$1,055$863$703$337
19 years$1,453$1,189$966$780$627$286
20 years$1,366$1,105$887$707$560$242
21 years$1,288$1,029$815$641$501$206
22 years$1,216$961$752$583$449$175
23 years$1,151$898$694$531$403$149
24 years$1,091$842$642$484$362$127
25 years$1,036$790$594$442$326$108
26 years$986$742$551$404$294$92
27 years$939$699$512$370$265$79
28 years$896$658$476$339$239$67
29 years$856$621$443$311$216$57
30 years$818$587$413$285$195$49
31 years$783$555$385$262$176$42
32 years$751$525$359$241$159$36
33 years$720$497$335$222$144$31
34 years$691$471$313$204$131$26
35 years$664$447$293$188$118$22
36 years$638$424$274$173$107$19
37 years$614$403$256$159$97$16
38 years$592$383$240$147$88$14
39 years$570$364$225$135$80$12
40 years$550$346$211$125$72$10
41 years$530$330$198$115$66$9
42 years$512$314$185$106$60$7
43 years$494$299$174$98$54$6
44 years$478$285$163$91$49$5
45 years$462$272$153$84$45$5
46 years$447$259$144$77$40$4
47 years$432$247$135$71$37$3
48 years$418$236$127$66$33$3
49 years$405$226$119$61$30$3
50 years$392$216$112$56$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $402,000, adding $6,392 every year, while hoping to spend $27,872 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: 73/22/5 Blend
49$402,000$402,000$402,000$402,000
50$449,597$428,291$422,060$481,761
51$465,801$419,622$406,544$495,144
52$482,723$409,594$389,573$505,647
53$500,407$398,111$371,071$516,351
54$518,901$385,071$350,954$527,266
55$538,257$370,367$329,139$538,405
56$558,529$353,885$305,535$549,782
57$579,778$335,504$280,049$561,412
58$602,069$315,098$252,585$573,314
59$625,474$292,531$223,040$585,508
60$650,068$267,661$191,308$598,018
61$675,936$240,337$157,278$610,871
62$703,169$210,401$120,834$624,097
63$731,865$177,684$81,855$637,732
64$762,134$142,009$40,215$651,814
65$794,091$103,187$0$666,389
66$827,866$61,021$0$681,732
67$863,599$15,302$0$699,979
68$901,443$0$0$719,054
69$941,563$0$0$747,316
70$984,143$0$0$781,251
71$1,029,383$0$0$817,315
72$1,077,500$0$0$855,683
73$1,128,733$0$0$896,548
74$1,183,344$0$0$940,119
75$1,241,618$0$0$986,625
76$1,303,871$0$0$1,036,320
77$1,370,444$0$0$1,089,480
78$1,441,716$0$0$1,146,406
79$1,518,099$0$0$1,207,431
80$1,600,048$0$0$1,272,920
81$1,688,059$0$0$1,343,272
82$1,782,678$0$0$1,418,926
83$1,884,505$0$0$1,500,365
84$1,994,199$0$0$1,588,116
85$2,112,481$0$0$1,682,761
86$2,240,147$0$0$1,784,939
87$2,378,069$0$0$1,895,351
88$2,527,206$0$0$2,014,768
89$2,688,612$0$0$2,144,037
90$2,863,446$0$0$2,284,090
91$3,052,982$0$0$2,435,952
92$3,258,620$0$0$2,600,748
93$3,481,902$0$0$2,779,718
94$3,724,522$0$0$2,974,224
95$3,988,344$0$0$3,185,765
96$4,275,420$0$0$3,415,991
97$4,588,006$0$0$3,666,717
98$4,928,585$0$0$3,939,938
99$5,299,890$0$0$4,237,854
100$5,704,929$0$0$4,562,882