Can I retire at age 50 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$67,385$66,784$66,199$65,627$65,069$63,112
2 years$33,359$32,737$32,135$31,551$30,985$29,031
3 years$22,018$21,394$20,794$20,215$19,658$17,767
4 years$16,349$15,727$15,132$14,564$14,020$12,207
5 years$12,949$12,330$11,743$11,187$10,658$8,927
6 years$10,682$10,069$9,490$8,946$8,433$6,786
7 years$9,064$8,456$7,887$7,355$6,859$5,295
8 years$7,851$7,248$6,688$6,170$5,690$4,210
9 years$6,908$6,311$5,761$5,255$4,792$3,393
10 years$6,154$5,563$5,022$4,530$4,083$2,764
11 years$5,538$4,952$4,422$3,943$3,511$2,269
12 years$5,024$4,445$3,924$3,458$3,043$1,876
13 years$4,590$4,017$3,506$3,053$2,653$1,558
14 years$4,218$3,651$3,150$2,710$2,326$1,300
15 years$3,897$3,335$2,844$2,417$2,048$1,088
16 years$3,615$3,060$2,579$2,164$1,810$913
17 years$3,367$2,818$2,346$1,944$1,605$769
18 years$3,147$2,604$2,142$1,752$1,427$648
19 years$2,950$2,413$1,961$1,583$1,272$547
20 years$2,773$2,243$1,800$1,434$1,136$463
21 years$2,613$2,089$1,655$1,302$1,017$392
22 years$2,468$1,950$1,526$1,183$911$332
23 years$2,336$1,824$1,409$1,078$818$281
24 years$2,215$1,709$1,303$983$735$239
25 years$2,104$1,604$1,207$898$662$203
26 years$2,001$1,507$1,119$821$596$172
27 years$1,907$1,418$1,039$751$537$146
28 years$1,819$1,337$966$688$485$124
29 years$1,737$1,261$899$631$438$106
30 years$1,661$1,191$837$579$396$90
31 years$1,590$1,126$781$532$358$77
32 years$1,524$1,065$728$489$324$65
33 years$1,461$1,009$680$450$293$55
34 years$1,403$956$635$414$265$47
35 years$1,348$907$594$381$240$40
36 years$1,296$861$556$351$218$34
37 years$1,247$817$520$323$197$29
38 years$1,201$777$487$298$179$25
39 years$1,157$739$456$275$162$21
40 years$1,116$703$428$253$147$18
41 years$1,076$669$401$234$133$15
42 years$1,039$637$376$216$121$13
43 years$1,003$607$353$199$110$11
44 years$970$579$331$184$100$9
45 years$937$552$311$170$91$8
46 years$907$526$292$157$82$7
47 years$877$502$275$145$75$6
48 years$849$480$258$134$68$5
49 years$822$458$243$124$62$4
50 years$797$437$228$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $816,000, adding $2,514 every year, while hoping to spend $34,528 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: 64/14/22 Blend
49$816,000$816,000$816,000$816,000
50$901,825$858,577$845,929$954,263
51$957,074$863,910$837,530$995,229
52$1,016,801$868,347$827,693$1,035,860
53$1,081,426$871,807$816,332$1,079,459
54$1,151,412$874,206$803,359$1,126,319
55$1,227,266$875,452$788,682$1,176,764
56$1,309,547$875,450$772,203$1,231,153
57$1,398,870$874,096$753,821$1,289,879
58$1,495,909$871,281$733,429$1,353,380
59$1,601,409$866,891$710,916$1,422,138
60$1,716,186$860,803$686,165$1,496,684
61$1,841,142$852,886$659,056$1,577,608
62$1,977,264$843,003$629,460$1,665,557
63$2,125,643$831,009$597,245$1,761,249
64$2,287,478$816,748$562,273$1,865,476
65$2,464,089$800,056$524,396$1,979,110
66$2,656,927$780,760$483,464$2,103,116
67$2,867,591$758,675$439,319$2,238,560
68$3,097,843$733,608$391,793$2,386,616
69$3,349,620$705,351$340,715$2,548,581
70$3,625,056$673,688$285,904$2,725,889
71$3,926,500$638,387$227,170$2,920,119
72$4,256,540$599,205$164,317$3,133,015
73$4,618,024$555,883$97,138$3,366,502
74$5,014,090$508,148$25,420$3,622,705
75$5,448,192$455,714$0$3,903,966
76$5,924,138$398,273$0$4,224,872
77$6,446,117$335,506$0$4,583,423
78$7,018,746$267,071$0$4,976,854
79$7,647,110$192,609$0$5,408,695
80$8,336,809$111,740$0$5,882,842
81$9,094,012$24,065$0$6,403,586
82$9,925,516$0$0$6,975,657
83$10,838,807$0$0$7,615,184
84$11,842,132$0$0$8,321,888
85$12,944,575$0$0$9,098,471
86$14,156,146$0$0$9,951,988
87$15,487,870$0$0$10,890,217
88$16,951,896$0$0$11,921,723
89$18,561,607$0$0$13,055,946
90$20,331,748$0$0$14,303,283
91$22,278,564$0$0$15,675,190
92$24,419,955$0$0$17,184,290
93$26,775,639$0$0$18,844,491
94$29,367,347$0$0$20,671,116
95$32,219,017$0$0$22,681,048
96$35,357,028$0$0$24,892,889
97$38,810,444$0$0$27,327,137
98$42,611,289$0$0$30,006,377
99$46,794,848$0$0$32,955,492
100$51,400,003$0$0$36,201,905