Can I retire at age 50 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$68,045$67,439$66,848$66,271$65,707$63,150
2 years$33,686$33,058$32,450$31,861$31,289$28,744
3 years$22,234$21,604$20,998$20,414$19,851$17,398
4 years$16,509$15,881$15,281$14,707$14,158$11,815
5 years$13,075$12,451$11,859$11,296$10,763$8,536
6 years$10,787$10,167$9,583$9,034$8,516$6,408
7 years$9,153$8,538$7,964$7,427$6,926$4,935
8 years$7,928$7,319$6,754$6,230$5,746$3,870
9 years$6,976$6,373$5,817$5,307$4,839$3,076
10 years$6,214$5,617$5,072$4,575$4,123$2,469
11 years$5,592$5,001$4,465$3,981$3,546$1,997
12 years$5,073$4,488$3,963$3,492$3,073$1,626
13 years$4,635$4,056$3,540$3,083$2,679$1,330
14 years$4,260$3,687$3,181$2,737$2,349$1,092
15 years$3,935$3,368$2,872$2,441$2,068$899
16 years$3,651$3,090$2,604$2,185$1,828$742
17 years$3,400$2,846$2,369$1,964$1,621$614
18 years$3,178$2,630$2,163$1,770$1,441$509
19 years$2,979$2,437$1,980$1,599$1,284$422
20 years$2,801$2,265$1,817$1,448$1,147$351
21 years$2,639$2,110$1,671$1,314$1,027$292
22 years$2,493$1,969$1,541$1,195$920$243
23 years$2,359$1,842$1,422$1,088$826$202
24 years$2,237$1,726$1,315$993$742$168
25 years$2,124$1,619$1,218$906$668$140
26 years$2,021$1,522$1,130$829$602$117
27 years$1,925$1,432$1,049$759$543$98
28 years$1,837$1,350$975$695$490$81
29 years$1,754$1,273$908$637$442$68
30 years$1,677$1,202$846$585$399$57
31 years$1,606$1,137$788$537$361$47
32 years$1,539$1,076$735$494$327$40
33 years$1,476$1,019$687$454$296$33
34 years$1,417$965$642$418$268$28
35 years$1,361$916$600$385$242$23
36 years$1,309$869$561$354$220$19
37 years$1,259$825$525$326$199$16
38 years$1,213$784$492$301$180$13
39 years$1,168$746$461$277$164$11
40 years$1,127$710$432$256$148$9
41 years$1,087$676$405$236$135$8
42 years$1,049$643$380$218$122$7
43 years$1,013$613$357$201$111$5
44 years$979$584$335$186$101$5
45 years$946$557$314$171$91$4
46 years$915$532$295$158$83$3
47 years$886$507$277$146$75$3
48 years$857$484$261$135$68$2
49 years$830$462$245$125$62$2
50 years$805$442$230$116$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $824,000, adding $5,265 every year, while hoping to spend $41,055 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: 54/22/24 Blend
49$824,000$824,000$824,000$824,000
50$913,479$869,807$857,035$956,505
51$962,971$868,745$842,063$985,628
52$1,016,136$866,256$825,214$1,012,613
53$1,073,305$862,224$806,381$1,041,136
54$1,134,840$856,532$785,454$1,071,358
55$1,201,142$849,050$762,315$1,103,459
56$1,272,649$839,644$736,843$1,137,637
57$1,349,843$828,171$708,911$1,174,117
58$1,433,254$814,477$678,385$1,213,143
59$1,523,462$798,403$645,128$1,254,992
60$1,621,109$779,778$608,993$1,299,969
61$1,726,896$758,422$569,829$1,348,412
62$1,841,597$734,142$527,476$1,400,699
63$1,966,063$706,738$481,769$1,457,247
64$2,101,227$675,994$432,534$1,518,521
65$2,248,119$641,685$379,591$1,585,036
66$2,407,870$603,570$322,750$1,657,362
67$2,581,724$561,396$261,813$1,736,134
68$2,771,052$514,896$196,576$1,822,053
69$2,977,359$463,786$126,821$1,915,898
70$3,202,305$407,767$52,325$2,018,530
71$3,447,716$346,523$0$2,130,906
72$3,715,599$279,719$0$2,261,042
73$4,008,167$207,003$0$2,417,903
74$4,327,856$128,001$0$2,589,437
75$4,677,344$42,320$0$2,777,148
76$5,059,583$0$0$2,982,696
77$5,477,823$0$0$3,220,127
78$5,935,642$0$0$3,491,318
79$6,436,980$0$0$3,788,366
80$6,986,174$0$0$4,113,853
81$7,588,004$0$0$4,470,621
82$8,247,732$0$0$4,861,799
83$8,971,154$0$0$5,290,835
84$9,764,652$0$0$5,761,527
85$10,635,257$0$0$6,278,057
86$11,590,715$0$0$6,845,031
87$12,639,556$0$0$7,467,525
88$13,791,175$0$0$8,151,129
89$15,055,925$0$0$8,902,002
90$16,445,208$0$0$9,726,925
91$17,971,586$0$0$10,633,375
92$19,648,896$0$0$11,629,582
93$21,492,385$0$0$12,724,618
94$23,518,847$0$0$13,928,476
95$25,746,788$0$0$15,252,164
96$28,196,592$0$0$16,707,813
97$30,890,721$0$0$18,308,785
98$33,853,920$0$0$20,069,806
99$37,113,454$0$0$22,007,096
100$40,699,364$0$0$24,138,530