Can I retire at age 50 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$67,963$67,357$66,767$66,190$65,627$63,048
2 years$33,645$33,018$32,411$31,822$31,251$28,684
3 years$22,207$21,578$20,972$20,389$19,827$17,353
4 years$16,489$15,862$15,262$14,689$14,141$11,779
5 years$13,060$12,436$11,844$11,283$10,750$8,506
6 years$10,774$10,155$9,572$9,023$8,506$6,381
7 years$9,142$8,528$7,954$7,418$6,917$4,912
8 years$7,918$7,310$6,746$6,223$5,739$3,850
9 years$6,967$6,365$5,810$5,300$4,833$3,058
10 years$6,207$5,610$5,065$4,569$4,118$2,453
11 years$5,585$4,994$4,460$3,976$3,541$1,983
12 years$5,067$4,483$3,958$3,488$3,069$1,613
13 years$4,629$4,051$3,536$3,079$2,676$1,318
14 years$4,255$3,682$3,177$2,733$2,346$1,081
15 years$3,930$3,364$2,868$2,438$2,066$890
16 years$3,646$3,086$2,601$2,183$1,826$734
17 years$3,396$2,842$2,367$1,961$1,619$607
18 years$3,174$2,626$2,160$1,767$1,439$503
19 years$2,976$2,434$1,978$1,597$1,283$417
20 years$2,797$2,262$1,815$1,446$1,146$346
21 years$2,636$2,107$1,669$1,313$1,025$287
22 years$2,490$1,967$1,539$1,194$919$239
23 years$2,356$1,839$1,421$1,087$825$199
24 years$2,234$1,723$1,314$991$742$166
25 years$2,122$1,617$1,217$905$667$138
26 years$2,018$1,520$1,129$828$601$115
27 years$1,923$1,431$1,048$758$542$96
28 years$1,834$1,348$974$694$489$80
29 years$1,752$1,272$907$637$442$67
30 years$1,675$1,201$845$584$399$56
31 years$1,604$1,135$787$537$361$46
32 years$1,537$1,074$735$493$326$39
33 years$1,474$1,017$686$454$295$32
34 years$1,415$964$641$417$267$27
35 years$1,359$915$599$384$242$22
36 years$1,307$868$560$354$219$19
37 years$1,258$824$525$326$199$16
38 years$1,211$783$491$300$180$13
39 years$1,167$745$460$277$163$11
40 years$1,125$709$431$256$148$9
41 years$1,085$675$405$236$135$8
42 years$1,048$643$379$218$122$6
43 years$1,012$612$356$201$111$5
44 years$978$584$334$185$101$4
45 years$945$557$314$171$91$4
46 years$914$531$295$158$83$3
47 years$885$507$277$146$75$3
48 years$856$484$260$135$68$2
49 years$829$462$245$125$62$2
50 years$804$441$230$115$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $823,000, adding $4,474 every year, while hoping to spend $50,448 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: 78/8/14 Blend
49$823,000$823,000$823,000$823,000
50$911,561$867,942$855,185$979,709
51$950,864$856,795$830,158$1,014,075
52$992,485$843,411$802,601$1,044,889
53$1,036,607$827,627$772,377$1,077,271
54$1,083,431$809,270$739,342$1,111,357
55$1,133,175$788,159$703,344$1,147,299
56$1,186,079$764,098$664,226$1,185,263
57$1,242,405$736,885$621,823$1,225,433
58$1,302,439$706,301$575,963$1,268,014
59$1,366,496$672,118$526,466$1,313,229
60$1,434,920$634,093$473,144$1,361,329
61$1,508,088$591,970$415,800$1,412,586
62$1,586,414$545,477$354,230$1,467,304
63$1,670,350$494,328$288,219$1,525,819
64$1,760,395$438,219$217,544$1,588,499
65$1,857,094$376,831$141,970$1,655,755
66$1,961,046$309,824$61,255$1,728,036
67$2,072,909$236,841$0$1,805,842
68$2,193,405$157,506$0$1,893,441
69$2,323,326$71,418$0$1,997,730
70$2,463,545$0$0$2,110,263
71$2,615,018$0$0$2,233,748
72$2,778,798$0$0$2,374,085
73$2,956,040$0$0$2,525,980
74$3,148,016$0$0$2,690,524
75$3,356,122$0$0$2,868,920
76$3,581,896$0$0$3,062,486
77$3,827,028$0$0$3,272,676
78$4,093,376$0$0$3,501,087
79$4,382,986$0$0$3,749,475
80$4,698,106$0$0$4,019,774
81$5,041,213$0$0$4,314,111
82$5,415,029$0$0$4,634,826
83$5,822,552$0$0$4,984,496
84$6,267,081$0$0$5,365,955
85$6,752,247$0$0$5,782,323
86$7,282,047$0$0$6,237,036
87$7,860,879$0$0$6,733,874
88$8,493,589$0$0$7,277,001
89$9,185,508$0$0$7,870,999
90$9,942,508$0$0$8,520,914
91$10,771,055$0$0$9,232,304
92$11,678,268$0$0$10,011,287
93$12,671,987$0$0$10,864,601
94$13,760,844$0$0$11,799,666
95$14,954,349$0$0$12,824,654
96$16,262,973$0$0$13,948,565
97$17,698,250$0$0$15,181,313
98$19,272,884$0$0$16,533,816
99$21,000,867$0$0$18,018,101
100$22,897,612$0$0$19,647,415