Can I retire at age 50 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$67,880$67,275$66,685$66,110$65,547$64,015
2 years$33,604$32,978$32,372$31,783$31,213$29,678
3 years$22,180$21,552$20,947$20,364$19,803$18,313
4 years$16,469$15,843$15,244$14,671$14,124$12,690
5 years$13,044$12,421$11,830$11,269$10,737$9,364
6 years$10,761$10,143$9,560$9,012$8,495$7,185
7 years$9,131$8,518$7,945$7,409$6,909$5,661
8 years$7,909$7,301$6,738$6,215$5,732$4,545
9 years$6,959$6,357$5,803$5,294$4,827$3,701
10 years$6,199$5,603$5,059$4,564$4,113$3,047
11 years$5,578$4,988$4,454$3,972$3,537$2,529
12 years$5,061$4,477$3,953$3,484$3,065$2,114
13 years$4,624$4,046$3,532$3,076$2,673$1,776
14 years$4,249$3,678$3,173$2,730$2,343$1,499
15 years$3,925$3,360$2,865$2,435$2,063$1,270
16 years$3,642$3,083$2,598$2,180$1,823$1,079
17 years$3,392$2,839$2,364$1,959$1,617$919
18 years$3,170$2,623$2,158$1,765$1,437$785
19 years$2,972$2,431$1,975$1,595$1,281$671
20 years$2,794$2,259$1,813$1,445$1,144$575
21 years$2,633$2,104$1,667$1,311$1,024$493
22 years$2,487$1,964$1,537$1,192$918$423
23 years$2,353$1,837$1,419$1,086$824$364
24 years$2,231$1,721$1,312$990$741$313
25 years$2,119$1,615$1,215$904$666$269
26 years$2,016$1,518$1,127$827$600$232
27 years$1,921$1,429$1,047$757$541$200
28 years$1,832$1,346$973$693$488$172
29 years$1,750$1,270$906$636$441$149
30 years$1,673$1,200$843$584$398$128
31 years$1,602$1,134$786$536$360$111
32 years$1,535$1,073$734$493$326$95
33 years$1,472$1,016$685$453$295$82
34 years$1,413$963$640$417$267$71
35 years$1,358$913$598$384$242$61
36 years$1,306$867$560$353$219$53
37 years$1,256$823$524$326$199$46
38 years$1,210$783$491$300$180$40
39 years$1,166$744$460$277$163$34
40 years$1,124$708$431$255$148$30
41 years$1,084$674$404$235$134$26
42 years$1,047$642$379$217$122$22
43 years$1,011$612$356$201$111$19
44 years$977$583$334$185$100$16
45 years$944$556$313$171$91$14
46 years$913$530$294$158$83$12
47 years$884$506$277$146$75$11
48 years$855$483$260$135$68$9
49 years$828$461$244$125$62$8
50 years$803$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $822,000, adding $5,557 every year, while hoping to spend $42,284 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: 51/23/26 Blend
49$822,000$822,000$822,000$822,000
50$911,576$868,010$855,269$951,155
51$959,567$865,553$838,931$976,796
52$1,011,036$861,558$820,628$999,943
53$1,066,293$855,905$800,250$1,024,264
54$1,125,678$848,468$777,682$1,049,889
55$1,189,565$839,111$752,802$1,076,964
56$1,258,364$827,691$725,484$1,105,650
57$1,332,526$814,056$695,597$1,136,129
58$1,412,545$798,047$663,001$1,168,603
59$1,498,965$779,492$627,552$1,203,297
60$1,592,384$758,211$589,100$1,240,465
61$1,693,459$734,015$547,486$1,280,385
62$1,802,910$706,700$502,545$1,323,372
63$1,921,532$676,054$454,106$1,369,773
64$2,050,197$641,849$401,987$1,419,977
65$2,189,866$603,848$346,002$1,474,413
66$2,341,592$561,797$285,953$1,533,563
67$2,506,539$515,429$221,637$1,597,959
68$2,685,982$464,461$152,838$1,668,193
69$2,881,327$408,595$79,333$1,744,923
70$3,094,120$347,514$889$1,828,880
71$3,326,064$280,886$0$1,920,875
72$3,579,031$208,358$0$2,044,783
73$3,855,083$129,557$0$2,180,383
74$4,156,487$44,092$0$2,328,607
75$4,485,743$0$0$2,490,758
76$4,845,600$0$0$2,680,538
77$5,239,085$0$0$2,900,337
78$5,669,532$0$0$3,140,867
79$6,140,610$0$0$3,404,188
80$6,656,360$0$0$3,692,571
81$7,221,234$0$0$4,008,515
82$7,840,131$0$0$4,354,774
83$8,518,449$0$0$4,734,379
84$9,262,132$0$0$5,150,669
85$10,077,728$0$0$5,607,323
86$10,972,446$0$0$6,108,390
87$11,954,229$0$0$6,658,334
88$13,031,825$0$0$7,262,070
89$14,214,872$0$0$7,925,010
90$15,513,985$0$0$8,653,120
91$16,940,856$0$0$9,452,970
92$18,508,369$0$0$10,331,797
93$20,230,713$0$0$11,297,576
94$22,123,523$0$0$12,359,089
95$24,204,022$0$0$13,526,016
96$26,491,184$0$0$14,809,017
97$29,005,915$0$0$16,219,840
98$31,771,247$0$0$17,771,427
99$34,812,554$0$0$19,478,036
100$38,157,795$0$0$21,355,378