Can I retire at age 50 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$33,692$33,392$33,099$32,814$32,534$32,141
2 years$16,679$16,369$16,068$15,776$15,493$15,097
3 years$11,009$10,697$10,397$10,108$9,829$9,443
4 years$8,175$7,864$7,566$7,282$7,010$6,637
5 years$6,474$6,165$5,872$5,593$5,329$4,970
6 years$5,341$5,034$4,745$4,473$4,217$3,872
7 years$4,532$4,228$3,943$3,677$3,429$3,099
8 years$3,925$3,624$3,344$3,085$2,845$2,529
9 years$3,454$3,155$2,880$2,628$2,396$2,094
10 years$3,077$2,781$2,511$2,265$2,041$1,753
11 years$2,769$2,476$2,211$1,971$1,756$1,481
12 years$2,512$2,222$1,962$1,729$1,521$1,261
13 years$2,295$2,008$1,753$1,527$1,327$1,079
14 years$2,109$1,826$1,575$1,355$1,163$928
15 years$1,948$1,668$1,422$1,209$1,024$802
16 years$1,808$1,530$1,289$1,082$905$695
17 years$1,684$1,409$1,173$972$802$604
18 years$1,573$1,302$1,071$876$713$526
19 years$1,475$1,207$980$792$636$459
20 years$1,387$1,121$900$717$568$402
21 years$1,307$1,045$828$651$508$352
22 years$1,234$975$763$592$456$309
23 years$1,168$912$704$539$409$271
24 years$1,108$854$651$491$368$238
25 years$1,052$802$603$449$331$210
26 years$1,001$754$560$410$298$185
27 years$953$709$520$376$269$163
28 years$909$668$483$344$242$144
29 years$869$630$449$316$219$127
30 years$831$595$419$290$198$112
31 years$795$563$390$266$179$99
32 years$762$533$364$244$162$87
33 years$731$504$340$225$146$77
34 years$701$478$318$207$133$68
35 years$674$453$297$190$120$60
36 years$648$430$278$175$109$53
37 years$624$409$260$162$99$47
38 years$600$388$244$149$89$42
39 years$579$369$228$137$81$37
40 years$558$351$214$127$74$33
41 years$538$335$201$117$67$29
42 years$519$319$188$108$61$26
43 years$502$304$177$100$55$23
44 years$485$289$166$92$50$20
45 years$469$276$156$85$45$18
46 years$453$263$146$78$41$16
47 years$439$251$137$72$37$14
48 years$425$240$129$67$34$12
49 years$411$229$121$62$31$11
50 years$398$219$114$57$28$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $408,000, adding $3,860 every year, while hoping to spend $26,086 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: 48/39/13 Blend
49$408,000$408,000$408,000$408,000
50$453,598$431,974$425,650$473,559
51$472,109$425,385$412,154$481,141
52$491,635$417,599$397,331$486,356
53$512,250$408,530$381,110$491,436
54$534,038$398,087$363,416$496,379
55$557,089$386,172$344,169$501,181
56$581,501$372,683$323,288$505,842
57$607,382$357,513$300,686$510,363
58$634,850$340,546$276,274$514,747
59$664,033$321,661$249,958$519,001
60$695,073$300,731$221,640$523,133
61$728,123$277,619$191,217$527,156
62$763,351$252,182$158,583$531,086
63$800,943$224,270$123,626$534,944
64$841,102$193,721$86,229$538,756
65$884,048$160,367$46,271$542,553
66$930,024$124,029$3,625$546,375
67$979,298$84,518$0$550,267
68$1,032,163$41,635$0$560,094
69$1,088,937$0$0$571,024
70$1,149,976$0$0$584,723
71$1,215,663$0$0$618,727
72$1,286,426$0$0$655,392
73$1,362,729$0$0$694,963
74$1,445,085$0$0$737,712
75$1,534,058$0$0$783,934
76$1,630,265$0$0$833,957
77$1,734,387$0$0$888,139
78$1,847,172$0$0$946,875
79$1,969,440$0$0$1,010,599
80$2,102,096$0$0$1,079,787
81$2,246,134$0$0$1,154,965
82$2,402,647$0$0$1,236,710
83$2,572,838$0$0$1,325,657
84$2,758,030$0$0$1,422,505
85$2,959,678$0$0$1,528,023
86$3,179,385$0$0$1,643,057
87$3,418,912$0$0$1,768,538
88$3,680,202$0$0$1,905,492
89$3,965,389$0$0$2,055,047
90$4,276,824$0$0$2,218,445
91$4,617,094$0$0$2,397,054
92$4,989,049$0$0$2,592,380
93$5,395,826$0$0$2,806,080
94$5,840,877$0$0$3,039,979
95$6,328,006$0$0$3,296,088
96$6,861,400$0$0$3,576,620
97$7,445,670$0$0$3,884,013
98$8,085,894$0$0$4,220,951
99$8,787,665$0$0$4,590,390
100$9,557,143$0$0$4,995,589