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%16.7%
1 years$67,385$66,784$66,199$65,627$65,069$63,291
2 years$33,359$32,737$32,135$31,551$30,985$29,207
3 years$22,018$21,394$20,794$20,215$19,658$17,935
4 years$16,349$15,727$15,132$14,564$14,020$12,366
5 years$12,949$12,330$11,743$11,187$10,658$9,077
6 years$10,682$10,069$9,490$8,946$8,433$6,927
7 years$9,064$8,456$7,887$7,355$6,859$5,426
8 years$7,851$7,248$6,688$6,170$5,690$4,332
9 years$6,908$6,311$5,761$5,255$4,792$3,506
10 years$6,154$5,563$5,022$4,530$4,083$2,868
11 years$5,538$4,952$4,422$3,943$3,511$2,366
12 years$5,024$4,445$3,924$3,458$3,043$1,964
13 years$4,590$4,017$3,506$3,053$2,653$1,640
14 years$4,218$3,651$3,150$2,710$2,326$1,375
15 years$3,897$3,335$2,844$2,417$2,048$1,156
16 years$3,615$3,060$2,579$2,164$1,810$976
17 years$3,367$2,818$2,346$1,944$1,605$825
18 years$3,147$2,604$2,142$1,752$1,427$699
19 years$2,950$2,413$1,961$1,583$1,272$594
20 years$2,773$2,243$1,800$1,434$1,136$505
21 years$2,613$2,089$1,655$1,302$1,017$429
22 years$2,468$1,950$1,526$1,183$911$366
23 years$2,336$1,824$1,409$1,078$818$312
24 years$2,215$1,709$1,303$983$735$266
25 years$2,104$1,604$1,207$898$662$227
26 years$2,001$1,507$1,119$821$596$194
27 years$1,907$1,418$1,039$751$537$166
28 years$1,819$1,337$966$688$485$142
29 years$1,737$1,261$899$631$438$121
30 years$1,661$1,191$837$579$396$104
31 years$1,590$1,126$781$532$358$89
32 years$1,524$1,065$728$489$324$76
33 years$1,461$1,009$680$450$293$65
34 years$1,403$956$635$414$265$56
35 years$1,348$907$594$381$240$48
36 years$1,296$861$556$351$218$41
37 years$1,247$817$520$323$197$35
38 years$1,201$777$487$298$179$30
39 years$1,157$739$456$275$162$26
40 years$1,116$703$428$253$147$22
41 years$1,076$669$401$234$133$19
42 years$1,039$637$376$216$121$16
43 years$1,003$607$353$199$110$14
44 years$970$579$331$184$100$12
45 years$937$552$311$170$91$10
46 years$907$526$292$157$82$9
47 years$877$502$275$145$75$7
48 years$849$480$258$134$68$6
49 years$822$458$243$124$62$5
50 years$797$437$228$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $816,000, adding $6,804 every year, while hoping to spend $57,575 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: 50/28/22 Blend
49$816,000$816,000$816,000$816,000
50$906,250$863,002$850,354$945,664
51$937,429$844,030$817,582$954,741
52$969,857$822,199$781,782$958,196
53$1,003,603$797,307$742,792$960,758
54$1,038,738$769,142$700,443$962,364
55$1,075,339$737,480$654,557$962,950
56$1,113,488$702,081$604,950$962,452
57$1,153,276$662,695$551,427$960,799
58$1,194,797$619,054$493,788$957,921
59$1,238,156$570,878$431,819$953,745
60$1,283,465$517,867$365,302$948,194
61$1,330,844$459,709$294,005$941,191
62$1,380,425$396,069$217,689$932,655
63$1,432,348$326,596$136,102$922,504
64$1,486,768$250,920$48,981$910,656
65$1,543,851$168,647$0$897,023
66$1,603,778$79,365$0$891,846
67$1,666,744$0$0$897,651
68$1,732,963$0$0$908,262
69$1,802,668$0$0$945,201
70$1,876,110$0$0$984,153
71$1,953,564$0$0$1,025,269
72$2,035,331$0$0$1,068,711
73$2,121,736$0$0$1,114,659
74$2,213,138$0$0$1,163,307
75$2,309,924$0$0$1,214,868
76$2,412,520$0$0$1,269,575
77$2,521,392$0$0$1,327,681
78$2,637,046$0$0$1,389,466
79$2,760,039$0$0$1,455,234
80$2,890,978$0$0$1,525,317
81$3,030,530$0$0$1,600,080
82$3,179,424$0$0$1,679,923
83$3,338,457$0$0$1,765,285
84$3,508,506$0$0$1,856,644
85$3,690,530$0$0$1,954,528
86$3,885,582$0$0$2,059,515
87$4,094,815$0$0$2,172,237
88$4,319,497$0$0$2,293,390
89$4,561,016$0$0$2,423,738
90$4,820,901$0$0$2,564,119
91$5,100,825$0$0$2,715,453
92$5,402,629$0$0$2,878,751
93$5,728,336$0$0$3,055,126
94$6,080,165$0$0$3,245,796
95$6,460,559$0$0$3,452,105
96$6,872,200$0$0$3,675,528
97$7,318,037$0$0$3,917,686
98$7,801,312$0$0$4,180,363
99$8,325,593$0$0$4,465,519
100$8,894,799$0$0$4,775,312