Can I retire at age 50 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$67,797$67,194$66,604$66,029$65,468$64,463
2 years$33,563$32,938$32,332$31,745$31,175$30,165
3 years$22,153$21,525$20,921$20,339$19,779$18,795
4 years$16,449$15,823$15,225$14,653$14,106$13,157
5 years$13,028$12,406$11,815$11,255$10,723$9,810
6 years$10,748$10,130$9,549$9,001$8,485$7,610
7 years$9,120$8,507$7,935$7,400$6,901$6,063
8 years$7,899$7,292$6,729$6,208$5,725$4,925
9 years$6,950$6,349$5,796$5,288$4,821$4,059
10 years$6,192$5,597$5,053$4,558$4,108$3,383
11 years$5,571$4,982$4,449$3,967$3,533$2,844
12 years$5,055$4,472$3,948$3,479$3,061$2,408
13 years$4,618$4,041$3,527$3,072$2,670$2,050
14 years$4,244$3,673$3,169$2,727$2,340$1,754
15 years$3,920$3,356$2,862$2,432$2,061$1,507
16 years$3,637$3,079$2,594$2,177$1,821$1,298
17 years$3,388$2,835$2,361$1,956$1,615$1,122
18 years$3,166$2,620$2,155$1,763$1,436$972
19 years$2,968$2,428$1,973$1,593$1,280$844
20 years$2,790$2,256$1,811$1,443$1,143$734
21 years$2,630$2,102$1,665$1,310$1,023$639
22 years$2,484$1,962$1,535$1,191$917$557
23 years$2,350$1,835$1,417$1,084$823$486
24 years$2,229$1,719$1,311$989$740$425
25 years$2,117$1,613$1,214$903$666$371
26 years$2,014$1,516$1,126$826$600$325
27 years$1,918$1,427$1,045$756$541$285
28 years$1,830$1,345$972$693$488$249
29 years$1,748$1,269$904$635$440$219
30 years$1,671$1,198$842$583$398$192
31 years$1,600$1,133$785$535$360$168
32 years$1,533$1,072$733$492$325$148
33 years$1,470$1,015$684$452$295$129
34 years$1,411$962$639$416$267$114
35 years$1,356$912$598$383$242$100
36 years$1,304$866$559$353$219$88
37 years$1,255$822$523$325$198$77
38 years$1,208$782$490$300$180$68
39 years$1,164$743$459$276$163$59
40 years$1,122$707$430$255$148$52
41 years$1,083$673$404$235$134$46
42 years$1,045$641$379$217$122$40
43 years$1,009$611$355$200$111$35
44 years$975$582$333$185$100$31
45 years$943$555$313$171$91$27
46 years$912$530$294$158$83$24
47 years$883$505$276$146$75$21
48 years$854$482$260$135$68$19
49 years$827$461$244$125$62$16
50 years$802$440$229$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $821,000, adding $3,811 every year, while hoping to spend $57,517 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: 50/35/15 Blend
49$821,000$821,000$821,000$821,000
50$908,673$865,160$852,435$950,183
51$940,160$846,355$819,793$960,334
52$972,931$824,701$784,131$965,053
53$1,007,056$799,998$745,286$968,910
54$1,042,611$772,033$703,088$971,842
55$1,079,677$740,582$657,361$973,783
56$1,118,341$705,407$607,919$974,668
57$1,158,698$666,258$554,571$974,425
58$1,200,849$622,869$497,113$972,983
59$1,244,904$574,958$435,335$970,265
60$1,290,983$522,230$369,017$966,195
61$1,339,213$464,369$297,929$960,692
62$1,389,734$401,044$221,831$953,675
63$1,442,696$331,905$140,472$945,058
64$1,498,264$256,581$53,590$934,757
65$1,556,615$174,681$0$922,683
66$1,617,941$85,793$0$915,008
67$1,682,454$0$0$914,942
68$1,750,380$0$0$917,905
69$1,821,969$0$0$955,884
70$1,897,491$0$0$995,984
71$1,977,241$0$0$1,038,366
72$2,061,541$0$0$1,083,206
73$2,150,742$0$0$1,130,696
74$2,245,228$0$0$1,181,045
75$2,345,417$0$0$1,234,483
76$2,451,768$0$0$1,291,260
77$2,564,781$0$0$1,351,651
78$2,685,003$0$0$1,415,955
79$2,813,034$0$0$1,484,500
80$2,949,531$0$0$1,557,647
81$3,095,212$0$0$1,635,790
82$3,250,864$0$0$1,719,360
83$3,417,351$0$0$1,808,830
84$3,595,619$0$0$1,904,721
85$3,786,706$0$0$2,007,601
86$3,991,750$0$0$2,118,096
87$4,212,001$0$0$2,236,891
88$4,448,830$0$0$2,364,740
89$4,703,742$0$0$2,502,470
90$4,978,392$0$0$2,650,989
91$5,274,593$0$0$2,811,295
92$5,594,342$0$0$2,984,484
93$5,939,830$0$0$3,171,761
94$6,313,467$0$0$3,374,450
95$6,717,899$0$0$3,594,008
96$7,156,037$0$0$3,832,034
97$7,631,082$0$0$4,090,290
98$8,146,554$0$0$4,370,710
99$8,706,323$0$0$4,675,424
100$9,314,645$0$0$5,006,774