Can I retire at age 50 with 355,000?

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 $355,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$29,316$29,054$28,800$28,551$28,308$27,293
2 years$14,513$14,242$13,980$13,726$13,480$12,468
3 years$9,579$9,308$9,046$8,795$8,552$7,576
4 years$7,113$6,842$6,583$6,336$6,100$5,166
5 years$5,633$5,364$5,109$4,867$4,637$3,748
6 years$4,647$4,380$4,129$3,892$3,669$2,826
7 years$3,943$3,679$3,431$3,200$2,984$2,186
8 years$3,416$3,153$2,910$2,684$2,475$1,723
9 years$3,005$2,745$2,506$2,286$2,085$1,376
10 years$2,677$2,420$2,185$1,971$1,776$1,110
11 years$2,409$2,154$1,924$1,715$1,528$903
12 years$2,186$1,934$1,707$1,504$1,324$739
13 years$1,997$1,747$1,525$1,328$1,154$607
14 years$1,835$1,588$1,370$1,179$1,012$501
15 years$1,695$1,451$1,237$1,052$891$415
16 years$1,573$1,331$1,122$942$787$345
17 years$1,465$1,226$1,021$846$698$287
18 years$1,369$1,133$932$762$621$239
19 years$1,283$1,050$853$689$553$200
20 years$1,207$976$783$624$494$167
21 years$1,137$909$720$566$442$140
22 years$1,074$848$664$515$396$117
23 years$1,016$793$613$469$356$98
24 years$964$743$567$428$320$82
25 years$915$698$525$391$288$69
26 years$871$656$487$357$259$58
27 years$829$617$452$327$234$49
28 years$791$581$420$299$211$41
29 years$756$549$391$275$190$34
30 years$723$518$364$252$172$29
31 years$692$490$340$231$156$24
32 years$663$463$317$213$141$20
33 years$636$439$296$196$127$17
34 years$610$416$276$180$115$14
35 years$586$394$258$166$104$12
36 years$564$374$242$153$95$10
37 years$543$356$226$141$86$9
38 years$522$338$212$130$78$7
39 years$503$321$199$119$71$6
40 years$485$306$186$110$64$5
41 years$468$291$174$102$58$4
42 years$452$277$164$94$53$4
43 years$437$264$154$87$48$3
44 years$422$252$144$80$43$3
45 years$408$240$135$74$39$2
46 years$394$229$127$68$36$2
47 years$382$219$119$63$32$2
48 years$369$209$112$58$29$1
49 years$358$199$106$54$27$1
50 years$347$190$99$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $355,000, adding $3,422 every year, while hoping to spend $20,889 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: 52/31/17 Blend
49$355,000$355,000$355,000$355,000
50$394,740$375,925$370,422$413,269
51$412,778$372,119$360,606$422,547
52$431,955$367,427$349,760$430,157
53$452,366$361,783$337,829$437,975
54$474,115$355,118$324,753$446,028
55$497,313$347,357$310,471$454,346
56$522,085$338,424$294,918$462,962
57$548,567$328,235$278,027$471,916
58$576,906$316,704$259,726$481,253
59$607,265$303,738$239,942$491,022
60$639,825$289,239$218,598$501,282
61$674,779$273,105$195,614$512,095
62$712,345$255,225$170,905$523,537
63$752,757$235,484$144,383$535,688
64$796,276$213,760$115,958$548,643
65$843,186$189,924$85,532$562,504
66$893,799$163,839$53,006$577,391
67$948,461$135,361$18,276$593,434
68$1,007,548$104,338$0$610,781
69$1,071,476$70,608$0$633,007
70$1,140,701$34,003$0$660,647
71$1,215,725$0$0$690,613
72$1,297,099$0$0$725,089
73$1,385,431$0$0$775,133
74$1,481,387$0$0$829,528
75$1,585,703$0$0$888,695
76$1,699,185$0$0$953,096
77$1,822,721$0$0$1,023,238
78$1,957,291$0$0$1,099,682
79$2,103,968$0$0$1,183,044
80$2,263,939$0$0$1,274,001
81$2,438,506$0$0$1,373,300
82$2,629,103$0$0$1,481,762
83$2,837,310$0$0$1,600,291
84$3,064,866$0$0$1,729,883
85$3,313,684$0$0$1,871,634
86$3,585,871$0$0$2,026,750
87$3,883,749$0$0$2,196,561
88$4,209,872$0$0$2,382,530
89$4,567,054$0$0$2,586,268
90$4,958,394$0$0$2,809,550
91$5,387,303$0$0$3,054,330
92$5,857,541$0$0$3,322,761
93$6,373,246$0$0$3,617,215
94$6,938,977$0$0$3,940,302
95$7,559,756$0$0$4,294,899
96$8,241,114$0$0$4,684,174
97$8,989,144$0$0$5,111,618
98$9,810,557$0$0$5,581,076
99$10,712,747$0$0$6,096,783
100$11,703,858$0$0$6,663,404