Can I retire at age 50 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$32,206$31,919$31,639$31,366$31,099$29,877
2 years$15,943$15,647$15,359$15,080$14,809$13,593
3 years$10,523$10,225$9,938$9,662$9,396$8,223
4 years$7,814$7,517$7,232$6,961$6,701$5,582
5 years$6,189$5,893$5,613$5,347$5,094$4,031
6 years$5,105$4,812$4,536$4,276$4,031$3,024
7 years$4,332$4,041$3,769$3,515$3,278$2,328
8 years$3,752$3,464$3,197$2,949$2,719$1,824
9 years$3,302$3,016$2,753$2,512$2,290$1,449
10 years$2,941$2,659$2,400$2,165$1,951$1,162
11 years$2,647$2,367$2,113$1,884$1,678$940
12 years$2,401$2,124$1,875$1,653$1,454$764
13 years$2,194$1,920$1,676$1,459$1,268$625
14 years$2,016$1,745$1,506$1,295$1,112$512
15 years$1,862$1,594$1,359$1,155$979$422
16 years$1,728$1,463$1,232$1,034$865$348
17 years$1,609$1,347$1,121$929$767$288
18 years$1,504$1,245$1,024$838$682$238
19 years$1,410$1,154$937$757$608$198
20 years$1,325$1,072$860$685$543$164
21 years$1,249$998$791$622$486$136
22 years$1,180$932$729$566$436$113
23 years$1,117$872$673$515$391$94
24 years$1,059$817$623$470$351$78
25 years$1,005$766$577$429$316$65
26 years$956$720$535$392$285$54
27 years$911$678$497$359$257$45
28 years$869$639$462$329$232$38
29 years$830$603$430$302$209$32
30 years$794$569$400$277$189$26
31 years$760$538$373$254$171$22
32 years$728$509$348$234$155$18
33 years$698$482$325$215$140$15
34 years$670$457$304$198$127$13
35 years$644$433$284$182$115$11
36 years$619$411$266$168$104$9
37 years$596$391$249$154$94$7
38 years$574$371$233$142$85$6
39 years$553$353$218$131$77$5
40 years$533$336$204$121$70$4
41 years$514$320$192$112$64$4
42 years$497$305$180$103$58$3
43 years$480$290$169$95$52$3
44 years$463$277$158$88$48$2
45 years$448$264$149$81$43$2
46 years$433$252$140$75$39$1
47 years$419$240$131$69$36$1
48 years$406$229$123$64$32$1
49 years$393$219$116$59$29$1
50 years$381$209$109$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $390,000, adding $5,394 every year, while hoping to spend $22,933 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: 44/33/23 Blend
49$390,000$390,000$390,000$390,000
50$435,344$414,674$408,629$451,388
51$455,348$410,592$397,917$459,189
52$476,625$405,542$386,079$464,996
53$499,279$399,452$373,050$470,829
54$523,425$392,245$358,768$476,704
55$549,191$383,842$343,163$482,637
56$576,715$374,157$326,165$488,650
57$606,149$363,099$307,701$494,767
58$637,660$350,574$287,692$501,017
59$671,429$336,481$266,058$507,435
60$707,658$320,711$242,714$514,062
61$746,566$303,153$217,572$520,943
62$788,395$283,687$190,540$528,133
63$833,409$262,185$161,520$535,692
64$881,899$238,515$130,414$543,693
65$934,185$212,534$97,115$552,215
66$990,618$184,094$61,514$561,352
67$1,051,583$153,037$23,497$571,209
68$1,117,504$119,195$0$581,905
69$1,188,846$82,393$0$597,765
70$1,266,123$42,444$0$621,179
71$1,349,896$0$0$646,578
72$1,440,784$0$0$674,499
73$1,539,469$0$0$721,590
74$1,646,699$0$0$772,801
75$1,763,298$0$0$828,529
76$1,890,173$0$0$889,215
77$2,028,319$0$0$955,339
78$2,178,835$0$0$1,027,435
79$2,342,928$0$0$1,106,085
80$2,521,926$0$0$1,191,935
81$2,717,293$0$0$1,285,691
82$2,930,639$0$0$1,388,134
83$3,163,735$0$0$1,500,122
84$3,418,534$0$0$1,622,601
85$3,697,183$0$0$1,756,611
86$4,002,049$0$0$1,903,297
87$4,335,734$0$0$2,063,922
88$4,701,109$0$0$2,239,876
89$5,101,329$0$0$2,432,688
90$5,539,875$0$0$2,644,043
91$6,020,576$0$0$2,875,798
92$6,547,651$0$0$3,129,997
93$7,125,747$0$0$3,408,892
94$7,759,980$0$0$3,714,963
95$8,455,989$0$0$4,050,941
96$9,219,982$0$0$4,419,836
97$10,058,799$0$0$4,824,963
98$10,979,974$0$0$5,269,974
99$11,991,808$0$0$5,758,891
100$13,103,442$0$0$6,296,146