Can I retire at age 50 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$30,554$30,282$30,017$29,757$29,504$28,469
2 years$15,126$14,844$14,571$14,306$14,050$13,017
3 years$9,984$9,701$9,428$9,166$8,914$7,917
4 years$7,413$7,131$6,862$6,604$6,357$5,404
5 years$5,871$5,591$5,325$5,072$4,833$3,925
6 years$4,844$4,565$4,303$4,056$3,824$2,962
7 years$4,110$3,834$3,576$3,335$3,110$2,295
8 years$3,560$3,286$3,033$2,798$2,580$1,810
9 years$3,132$2,861$2,612$2,383$2,173$1,447
10 years$2,790$2,522$2,277$2,054$1,851$1,169
11 years$2,511$2,245$2,005$1,788$1,592$952
12 years$2,278$2,015$1,779$1,568$1,380$780
13 years$2,081$1,821$1,590$1,384$1,203$642
14 years$1,913$1,655$1,428$1,229$1,055$531
15 years$1,767$1,512$1,290$1,096$929$441
16 years$1,639$1,388$1,169$981$821$366
17 years$1,527$1,278$1,064$882$728$305
18 years$1,427$1,181$971$795$647$255
19 years$1,338$1,094$889$718$577$213
20 years$1,258$1,017$816$650$515$178
21 years$1,185$947$751$590$461$150
22 years$1,119$884$692$537$413$125
23 years$1,059$827$639$489$371$105
24 years$1,004$775$591$446$333$88
25 years$954$727$547$407$300$74
26 years$907$683$507$372$270$62
27 years$864$643$471$341$244$53
28 years$825$606$438$312$220$44
29 years$788$572$408$286$199$37
30 years$753$540$380$263$179$31
31 years$721$510$354$241$162$26
32 years$691$483$330$222$147$22
33 years$663$457$308$204$133$19
34 years$636$433$288$188$120$16
35 years$611$411$269$173$109$13
36 years$588$390$252$159$99$11
37 years$565$371$236$147$89$9
38 years$544$352$221$135$81$8
39 years$525$335$207$125$73$7
40 years$506$319$194$115$67$6
41 years$488$303$182$106$60$5
42 years$471$289$171$98$55$4
43 years$455$275$160$90$50$3
44 years$440$262$150$83$45$3
45 years$425$250$141$77$41$2
46 years$411$239$133$71$37$2
47 years$398$228$124$66$34$2
48 years$385$217$117$61$31$1
49 years$373$208$110$56$28$1
50 years$361$198$103$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $370,000, adding $3,027 every year, while hoping to spend $26,303 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: 51/40/9 Blend
49$370,000$370,000$370,000$370,000
50$410,862$391,252$385,517$430,708
51$424,784$382,438$370,446$435,754
52$439,244$372,309$353,988$438,166
53$454,270$360,775$336,070$440,172
54$469,891$347,738$316,613$441,741
55$486,137$333,095$295,537$442,839
56$503,042$316,736$272,757$443,432
57$520,643$298,546$248,184$443,482
58$538,976$278,403$221,726$442,952
59$558,085$256,177$193,287$441,802
60$578,012$231,733$162,765$439,990
61$598,807$204,925$130,055$437,474
62$620,521$175,602$95,048$434,207
63$643,209$143,602$57,627$430,143
64$666,933$108,755$17,674$425,233
65$691,757$70,881$0$419,428
66$717,753$29,791$0$415,072
67$744,996$0$0$411,682
68$773,570$0$0$413,995
69$803,565$0$0$430,199
70$835,079$0$0$447,235
71$868,218$0$0$465,164
72$903,098$0$0$484,049
73$939,845$0$0$503,961
74$978,596$0$0$524,976
75$1,019,501$0$0$547,178
76$1,062,722$0$0$570,656
77$1,108,438$0$0$595,511
78$1,156,842$0$0$621,850
79$1,208,146$0$0$649,792
80$1,262,583$0$0$679,466
81$1,320,405$0$0$711,015
82$1,381,890$0$0$744,591
83$1,447,341$0$0$780,366
84$1,517,089$0$0$818,524
85$1,591,499$0$0$859,270
86$1,670,967$0$0$902,824
87$1,755,932$0$0$949,433
88$1,846,870$0$0$999,363
89$1,944,307$0$0$1,052,907
90$2,048,817$0$0$1,110,390
91$2,161,032$0$0$1,172,163
92$2,281,646$0$0$1,238,615
93$2,411,418$0$0$1,310,172
94$2,551,183$0$0$1,387,303
95$2,701,860$0$0$1,470,521
96$2,864,454$0$0$1,560,391
97$3,040,074$0$0$1,657,534
98$3,229,936$0$0$1,762,632
99$3,435,377$0$0$1,876,435
100$3,657,866$0$0$1,999,768