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%19.5%
1 years$67,467$66,866$66,280$65,708$65,149$62,663
2 years$33,400$32,778$32,175$31,590$31,023$28,548
3 years$22,045$21,420$20,819$20,240$19,682$17,296
4 years$16,369$15,746$15,151$14,582$14,038$11,758
5 years$12,964$12,345$11,758$11,200$10,671$8,504
6 years$10,695$10,081$9,502$8,957$8,444$6,390
7 years$9,075$8,466$7,896$7,364$6,867$4,927
8 years$7,861$7,257$6,697$6,177$5,697$3,869
9 years$6,916$6,318$5,768$5,262$4,798$3,078
10 years$6,162$5,569$5,029$4,536$4,088$2,474
11 years$5,544$4,958$4,427$3,947$3,516$2,004
12 years$5,030$4,450$3,929$3,462$3,047$1,634
13 years$4,596$4,022$3,510$3,057$2,657$1,338
14 years$4,224$3,656$3,154$2,714$2,329$1,100
15 years$3,901$3,339$2,848$2,420$2,050$907
16 years$3,620$3,064$2,582$2,167$1,812$750
17 years$3,371$2,822$2,349$1,947$1,607$621
18 years$3,151$2,607$2,145$1,755$1,429$516
19 years$2,954$2,416$1,963$1,585$1,273$429
20 years$2,777$2,245$1,802$1,436$1,137$357
21 years$2,617$2,092$1,657$1,303$1,018$297
22 years$2,471$1,952$1,527$1,185$912$248
23 years$2,339$1,826$1,410$1,079$819$206
24 years$2,218$1,711$1,304$984$736$172
25 years$2,106$1,606$1,208$899$662$144
26 years$2,004$1,509$1,120$822$597$120
27 years$1,909$1,420$1,040$752$538$100
28 years$1,821$1,338$967$689$485$84
29 years$1,739$1,262$900$632$438$70
30 years$1,663$1,192$838$580$396$59
31 years$1,592$1,127$782$533$358$49
32 years$1,525$1,066$729$490$324$41
33 years$1,463$1,010$681$450$293$34
34 years$1,405$957$636$414$265$29
35 years$1,349$908$595$381$240$24
36 years$1,298$862$556$351$218$20
37 years$1,249$818$521$324$197$17
38 years$1,202$778$488$298$179$14
39 years$1,158$740$457$275$162$12
40 years$1,117$704$428$254$147$10
41 years$1,078$670$402$234$134$8
42 years$1,040$638$377$216$121$7
43 years$1,005$608$353$199$110$6
44 years$971$579$332$184$100$5
45 years$938$552$312$170$91$4
46 years$908$527$293$157$82$3
47 years$878$503$275$145$75$3
48 years$850$480$258$134$68$2
49 years$823$459$243$124$62$2
50 years$798$438$228$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $817,000, adding $5,438 every year, while hoping to spend $38,309 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: 58/29/13 Blend
49$817,000$817,000$817,000$817,000
50$905,943$862,642$849,979$955,230
51$957,589$864,151$837,693$990,652
52$1,013,219$864,450$823,711$1,024,521
53$1,073,198$863,439$807,936$1,060,533
54$1,137,929$861,013$790,267$1,098,901
55$1,207,854$857,059$770,597$1,139,858
56$1,283,458$851,457$748,814$1,183,663
57$1,365,273$844,081$724,803$1,230,603
58$1,453,888$834,798$698,440$1,280,996
59$1,549,945$823,464$669,599$1,335,193
60$1,654,156$809,929$638,146$1,393,585
61$1,767,298$794,034$603,943$1,456,602
62$1,890,230$775,610$566,842$1,524,722
63$2,023,895$754,476$526,693$1,598,472
64$2,169,330$730,444$483,336$1,678,437
65$2,327,679$703,313$436,605$1,765,265
66$2,500,198$672,870$386,326$1,859,670
67$2,688,268$638,891$332,318$1,962,443
68$2,893,413$601,139$274,393$2,074,460
69$3,117,308$559,361$212,351$2,196,689
70$3,361,796$513,292$145,987$2,330,199
71$3,628,907$462,651$75,086$2,476,174
72$3,920,876$407,141$0$2,635,922
73$4,240,163$346,449$0$2,810,969
74$4,589,477$280,243$0$3,013,952
75$4,971,801$208,172$0$3,236,245
76$5,390,419$129,867$0$3,479,835
77$5,848,948$44,937$0$3,746,914
78$6,351,372$0$0$4,039,903
79$6,902,077$0$0$4,376,481
80$7,505,893$0$0$4,761,312
81$8,168,143$0$0$5,183,457
82$8,894,686$0$0$5,646,660
83$9,691,979$0$0$6,155,046
84$10,567,132$0$0$6,713,159
85$11,527,978$0$0$7,326,003
86$12,583,144$0$0$7,999,094
87$13,742,136$0$0$8,738,503
88$15,015,423$0$0$9,550,922
89$16,414,540$0$0$10,443,722
90$17,952,196$0$0$11,425,025
91$19,642,388$0$0$12,503,775
92$21,500,541$0$0$13,689,830
93$23,543,646$0$0$14,994,048
94$25,790,424$0$0$16,428,395
95$28,261,501$0$0$18,006,051
96$30,979,603$0$0$19,741,539
97$33,969,767$0$0$21,650,861
98$37,259,580$0$0$23,751,649
99$40,879,439$0$0$26,063,328
100$44,862,833$0$0$28,607,301