Can I retire at age 50 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$67,467$66,866$66,280$65,708$65,149$63,574
2 years$33,400$32,778$32,175$31,590$31,023$29,446
3 years$22,045$21,420$20,819$20,240$19,682$18,152
4 years$16,369$15,746$15,151$14,582$14,038$12,566
5 years$12,964$12,345$11,758$11,200$10,671$9,263
6 years$10,695$10,081$9,502$8,957$8,444$7,099
7 years$9,075$8,466$7,896$7,364$6,867$5,587
8 years$7,861$7,257$6,697$6,177$5,697$4,481
9 years$6,916$6,318$5,768$5,262$4,798$3,645
10 years$6,162$5,569$5,029$4,536$4,088$2,996
11 years$5,544$4,958$4,427$3,947$3,516$2,484
12 years$5,030$4,450$3,929$3,462$3,047$2,074
13 years$4,596$4,022$3,510$3,057$2,657$1,740
14 years$4,224$3,656$3,154$2,714$2,329$1,467
15 years$3,901$3,339$2,848$2,420$2,050$1,241
16 years$3,620$3,064$2,582$2,167$1,812$1,053
17 years$3,371$2,822$2,349$1,947$1,607$896
18 years$3,151$2,607$2,145$1,755$1,429$763
19 years$2,954$2,416$1,963$1,585$1,273$652
20 years$2,777$2,245$1,802$1,436$1,137$558
21 years$2,617$2,092$1,657$1,303$1,018$477
22 years$2,471$1,952$1,527$1,185$912$409
23 years$2,339$1,826$1,410$1,079$819$351
24 years$2,218$1,711$1,304$984$736$302
25 years$2,106$1,606$1,208$899$662$259
26 years$2,004$1,509$1,120$822$597$223
27 years$1,909$1,420$1,040$752$538$192
28 years$1,821$1,338$967$689$485$165
29 years$1,739$1,262$900$632$438$142
30 years$1,663$1,192$838$580$396$122
31 years$1,592$1,127$782$533$358$105
32 years$1,525$1,066$729$490$324$91
33 years$1,463$1,010$681$450$293$78
34 years$1,405$957$636$414$265$67
35 years$1,349$908$595$381$240$58
36 years$1,298$862$556$351$218$50
37 years$1,249$818$521$324$197$43
38 years$1,202$778$488$298$179$37
39 years$1,158$740$457$275$162$32
40 years$1,117$704$428$254$147$28
41 years$1,078$670$402$234$134$24
42 years$1,040$638$377$216$121$21
43 years$1,005$608$353$199$110$18
44 years$971$579$332$184$100$15
45 years$938$552$312$170$91$13
46 years$908$527$293$157$82$11
47 years$878$503$275$145$75$10
48 years$850$480$258$134$68$8
49 years$823$459$243$124$62$7
50 years$798$438$228$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $817,000, adding $6,543 every year, while hoping to spend $34,011 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: 26/49/25 Blend
49$817,000$817,000$817,000$817,000
50$907,083$863,782$851,119$923,400
51$963,418$869,920$843,444$943,243
52$1,024,359$875,219$834,372$961,150
53$1,090,341$879,601$823,820$979,651
54$1,161,840$882,986$811,702$998,817
55$1,239,380$885,285$797,927$1,018,730
56$1,323,540$886,406$782,400$1,039,484
57$1,414,952$886,252$765,022$1,061,184
58$1,514,315$884,716$745,688$1,083,950
59$1,622,398$881,689$724,291$1,107,917
60$1,740,043$877,053$700,716$1,133,237
61$1,868,182$870,683$674,844$1,160,081
62$2,007,836$862,447$646,551$1,188,642
63$2,160,132$852,203$615,707$1,219,138
64$2,326,308$839,803$582,176$1,251,811
65$2,507,728$825,090$545,815$1,286,935
66$2,705,893$807,897$506,477$1,324,815
67$2,922,456$788,045$464,006$1,365,794
68$3,159,236$765,349$418,239$1,410,256
69$3,418,237$739,610$369,009$1,458,628
70$3,701,663$710,617$316,136$1,511,389
71$4,011,944$678,148$259,438$1,569,073
72$4,351,754$641,969$198,721$1,632,276
73$4,724,038$601,831$133,784$1,701,662
74$5,132,040$557,470$64,415$1,777,971
75$5,579,332$508,610$0$1,862,027
76$6,069,848$454,956$0$1,957,311
77$6,607,921$396,198$0$2,080,784
78$7,198,325$332,008$0$2,216,443
79$7,846,317$262,039$0$2,365,615
80$8,557,687$185,925$0$2,529,772
81$9,338,815$103,279$0$2,710,541
82$10,196,728$13,693$0$2,909,726
83$11,139,166$0$0$3,129,322
84$12,174,658$0$0$3,416,433
85$13,312,598$0$0$3,740,213
86$14,563,336$0$0$4,096,240
87$15,938,274$0$0$4,487,779
88$17,449,974$0$0$4,918,427
89$19,112,276$0$0$5,392,148
90$20,940,429$0$0$5,913,307
91$22,951,233$0$0$6,486,717
92$25,163,197$0$0$7,117,677
93$27,596,717$0$0$7,812,028
94$30,274,261$0$0$8,576,206
95$33,220,590$0$0$9,417,302
96$36,462,983$0$0$10,343,129
97$40,031,497$0$0$11,362,296
98$43,959,252$0$0$12,484,289
99$48,282,741$0$0$13,719,561
100$53,042,175$0$0$15,079,630