Can I retire at age 50 with 344,000?

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 $344,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$28,407$28,154$27,907$27,666$27,431$27,122
2 years$14,063$13,801$13,547$13,301$13,062$12,751
3 years$9,282$9,019$8,766$8,522$8,287$7,984
4 years$6,892$6,630$6,379$6,140$5,911$5,617
5 years$5,459$5,198$4,951$4,716$4,493$4,210
6 years$4,503$4,245$4,001$3,771$3,555$3,284
7 years$3,821$3,565$3,325$3,101$2,891$2,631
8 years$3,310$3,056$2,820$2,601$2,399$2,149
9 years$2,912$2,660$2,429$2,216$2,020$1,782
10 years$2,594$2,345$2,117$1,910$1,721$1,494
11 years$2,334$2,088$1,864$1,662$1,480$1,264
12 years$2,118$1,874$1,654$1,458$1,283$1,077
13 years$1,935$1,693$1,478$1,287$1,119$923
14 years$1,778$1,539$1,328$1,143$981$795
15 years$1,643$1,406$1,199$1,019$863$688
16 years$1,524$1,290$1,087$912$763$597
17 years$1,420$1,188$989$820$677$519
18 years$1,327$1,098$903$739$602$453
19 years$1,244$1,017$827$668$536$396
20 years$1,169$945$759$605$479$347
21 years$1,102$881$698$549$429$304
22 years$1,041$822$643$499$384$267
23 years$985$769$594$454$345$235
24 years$934$720$549$414$310$207
25 years$887$676$509$378$279$183
26 years$844$635$472$346$251$161
27 years$804$598$438$317$227$142
28 years$767$563$407$290$204$126
29 years$732$532$379$266$185$111
30 years$700$502$353$244$167$98
31 years$670$475$329$224$151$87
32 years$642$449$307$206$136$77
33 years$616$425$287$190$123$68
34 years$591$403$268$174$112$60
35 years$568$382$250$161$101$53
36 years$546$363$234$148$92$47
37 years$526$345$219$136$83$42
38 years$506$327$205$126$75$37
39 years$488$311$192$116$68$33
40 years$470$296$180$107$62$29
41 years$454$282$169$99$56$26
42 years$438$269$159$91$51$23
43 years$423$256$149$84$46$20
44 years$409$244$140$78$42$18
45 years$395$233$131$72$38$16
46 years$382$222$123$66$35$14
47 years$370$212$116$61$31$13
48 years$358$202$109$56$29$11
49 years$347$193$102$52$26$10
50 years$336$184$96$48$24$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $344,000, adding $5,342 every year, while hoping to spend $24,069 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: 45/48/7 Blend
49$344,000$344,000$344,000$344,000
50$384,598$366,366$361,034$400,919
51$398,218$358,709$347,520$405,073
52$412,420$349,870$332,746$406,654
53$427,239$339,765$316,645$407,810
54$442,711$328,308$299,146$408,509
55$458,876$315,403$280,176$408,718
56$475,777$300,953$259,657$408,404
57$493,459$284,853$237,508$407,531
58$511,973$266,992$213,646$406,063
59$531,374$247,253$187,982$403,960
60$551,719$225,514$160,425$401,184
61$573,073$201,643$130,878$397,693
62$595,505$175,502$99,241$393,445
63$619,091$146,946$65,410$388,396
64$643,912$115,820$29,275$382,502
65$670,057$81,962$0$375,717
66$697,624$45,199$0$368,687
67$726,719$5,351$0$363,050
68$757,456$0$0$356,576
69$789,961$0$0$369,181
70$824,372$0$0$385,534
71$860,839$0$0$402,885
72$899,525$0$0$421,314
73$940,611$0$0$440,908
74$984,291$0$0$461,764
75$1,030,780$0$0$483,988
76$1,080,312$0$0$507,696
77$1,133,146$0$0$533,013
78$1,189,562$0$0$560,079
79$1,249,868$0$0$589,045
80$1,314,404$0$0$620,079
81$1,383,539$0$0$653,363
82$1,457,680$0$0$689,099
83$1,537,274$0$0$727,506
84$1,622,810$0$0$768,826
85$1,714,826$0$0$813,325
86$1,813,912$0$0$861,295
87$1,920,716$0$0$913,055
88$2,035,950$0$0$968,958
89$2,160,398$0$0$1,029,390
90$2,294,917$0$0$1,094,777
91$2,440,453$0$0$1,165,585
92$2,598,044$0$0$1,242,329
93$2,768,833$0$0$1,325,572
94$2,954,075$0$0$1,415,938
95$3,155,151$0$0$1,514,108
96$3,373,578$0$0$1,620,834
97$3,611,028$0$0$1,736,944
98$3,869,338$0$0$1,863,346
99$4,150,530$0$0$2,001,043
100$4,456,830$0$0$2,151,135