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%11.4%
1 years$67,797$67,194$66,604$66,029$65,468$65,082
2 years$33,563$32,938$32,332$31,745$31,175$30,786
3 years$22,153$21,525$20,921$20,339$19,779$19,399
4 years$16,449$15,823$15,225$14,653$14,106$13,738
5 years$13,028$12,406$11,815$11,255$10,723$10,368
6 years$10,748$10,130$9,549$9,001$8,485$8,142
7 years$9,120$8,507$7,935$7,400$6,901$6,571
8 years$7,899$7,292$6,729$6,208$5,725$5,408
9 years$6,950$6,349$5,796$5,288$4,821$4,518
10 years$6,192$5,597$5,053$4,558$4,108$3,818
11 years$5,571$4,982$4,449$3,967$3,533$3,256
12 years$5,055$4,472$3,948$3,479$3,061$2,797
13 years$4,618$4,041$3,527$3,072$2,670$2,417
14 years$4,244$3,673$3,169$2,727$2,340$2,100
15 years$3,920$3,356$2,862$2,432$2,061$1,832
16 years$3,637$3,079$2,594$2,177$1,821$1,604
17 years$3,388$2,835$2,361$1,956$1,615$1,409
18 years$3,166$2,620$2,155$1,763$1,436$1,240
19 years$2,968$2,428$1,973$1,593$1,280$1,095
20 years$2,790$2,256$1,811$1,443$1,143$968
21 years$2,630$2,102$1,665$1,310$1,023$858
22 years$2,484$1,962$1,535$1,191$917$761
23 years$2,350$1,835$1,417$1,084$823$676
24 years$2,229$1,719$1,311$989$740$601
25 years$2,117$1,613$1,214$903$666$535
26 years$2,014$1,516$1,126$826$600$477
27 years$1,918$1,427$1,045$756$541$425
28 years$1,830$1,345$972$693$488$380
29 years$1,748$1,269$904$635$440$339
30 years$1,671$1,198$842$583$398$303
31 years$1,600$1,133$785$535$360$271
32 years$1,533$1,072$733$492$325$242
33 years$1,470$1,015$684$452$295$217
34 years$1,411$962$639$416$267$194
35 years$1,356$912$598$383$242$174
36 years$1,304$866$559$353$219$155
37 years$1,255$822$523$325$198$139
38 years$1,208$782$490$300$180$125
39 years$1,164$743$459$276$163$112
40 years$1,122$707$430$255$148$100
41 years$1,083$673$404$235$134$90
42 years$1,045$641$379$217$122$81
43 years$1,009$611$355$200$111$72
44 years$975$582$333$185$100$65
45 years$943$555$313$171$91$58
46 years$912$530$294$158$83$52
47 years$883$505$276$146$75$47
48 years$854$482$260$135$68$42
49 years$827$461$244$125$62$38
50 years$802$440$229$115$56$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $821,000, adding $5,310 every year, while hoping to spend $45,706 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: 56/29/15 Blend
49$821,000$821,000$821,000$821,000
50$910,219$866,706$853,981$957,345
51$954,431$860,544$833,958$983,782
52$1,001,620$852,548$811,733$1,007,142
53$1,052,042$842,580$787,183$1,031,542
54$1,105,978$830,494$760,181$1,057,088
55$1,163,734$816,134$730,593$1,083,903
56$1,225,647$799,336$698,280$1,112,124
57$1,292,086$779,927$663,096$1,141,902
58$1,363,456$757,721$624,887$1,173,409
59$1,440,203$732,524$583,495$1,206,834
60$1,522,815$704,129$538,754$1,242,392
61$1,611,828$672,317$490,488$1,280,319
62$1,707,832$636,858$438,517$1,320,880
63$1,811,474$597,507$382,650$1,364,372
64$1,923,464$554,005$322,689$1,411,124
65$2,044,585$506,079$258,426$1,461,503
66$2,175,695$453,439$189,646$1,515,918
67$2,317,740$395,781$116,123$1,574,825
68$2,471,756$332,782$37,620$1,638,729
69$2,638,888$264,100$0$1,708,194
70$2,820,389$189,376$0$1,791,232
71$3,017,642$108,228$0$1,888,058
72$3,232,166$20,257$0$1,993,459
73$3,465,634$0$0$2,108,338
74$3,719,885$0$0$2,257,617
75$3,996,943$0$0$2,427,398
76$4,299,036$0$0$2,612,591
77$4,628,617$0$0$2,814,708
78$4,988,384$0$0$3,035,414
79$5,381,308$0$0$3,276,540
80$5,810,660$0$0$3,540,104
81$6,280,040$0$0$3,828,326
82$6,793,412$0$0$4,143,652
83$7,355,142$0$0$4,488,772
84$7,970,036$0$0$4,866,653
85$8,643,386$0$0$5,280,559
86$9,381,021$0$0$5,734,084
87$10,189,359$0$0$6,231,189
88$11,075,468$0$0$6,776,234
89$12,047,135$0$0$7,374,021
90$13,112,933$0$0$8,029,840
91$14,282,309$0$0$8,749,519
92$15,565,664$0$0$9,539,476
93$16,974,458$0$0$10,406,779
94$18,521,313$0$0$11,359,216
95$20,220,135$0$0$12,405,368
96$22,086,240$0$0$13,554,683
97$24,136,504$0$0$14,817,573
98$26,389,514$0$0$16,205,508
99$28,865,751$0$0$17,731,124
100$31,587,775$0$0$19,408,341