Can I retire at age 50 with 824,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$68,045$67,439$66,848$66,271$65,707$63,629
2 years$33,686$33,058$32,450$31,861$31,289$29,214
3 years$22,234$21,604$20,998$20,414$19,851$17,845
4 years$16,509$15,881$15,281$14,707$14,158$12,235
5 years$13,075$12,451$11,859$11,296$10,763$8,929
6 years$10,787$10,167$9,583$9,034$8,516$6,773
7 years$9,153$8,538$7,964$7,427$6,926$5,273
8 years$7,928$7,319$6,754$6,230$5,746$4,182
9 years$6,976$6,373$5,817$5,307$4,839$3,363
10 years$6,214$5,617$5,072$4,575$4,123$2,732
11 years$5,592$5,001$4,465$3,981$3,546$2,238
12 years$5,073$4,488$3,963$3,492$3,073$1,844
13 years$4,635$4,056$3,540$3,083$2,679$1,528
14 years$4,260$3,687$3,181$2,737$2,349$1,271
15 years$3,935$3,368$2,872$2,441$2,068$1,061
16 years$3,651$3,090$2,604$2,185$1,828$888
17 years$3,400$2,846$2,369$1,964$1,621$745
18 years$3,178$2,630$2,163$1,770$1,441$626
19 years$2,979$2,437$1,980$1,599$1,284$527
20 years$2,801$2,265$1,817$1,448$1,147$445
21 years$2,639$2,110$1,671$1,314$1,027$375
22 years$2,493$1,969$1,541$1,195$920$317
23 years$2,359$1,842$1,422$1,088$826$268
24 years$2,237$1,726$1,315$993$742$227
25 years$2,124$1,619$1,218$906$668$192
26 years$2,021$1,522$1,130$829$602$162
27 years$1,925$1,432$1,049$759$543$138
28 years$1,837$1,350$975$695$490$117
29 years$1,754$1,273$908$637$442$99
30 years$1,677$1,202$846$585$399$84
31 years$1,606$1,137$788$537$361$71
32 years$1,539$1,076$735$494$327$60
33 years$1,476$1,019$687$454$296$51
34 years$1,417$965$642$418$268$43
35 years$1,361$916$600$385$242$37
36 years$1,309$869$561$354$220$31
37 years$1,259$825$525$326$199$26
38 years$1,213$784$492$301$180$22
39 years$1,168$746$461$277$164$19
40 years$1,127$710$432$256$148$16
41 years$1,087$676$405$236$135$14
42 years$1,049$643$380$218$122$12
43 years$1,013$613$357$201$111$10
44 years$979$584$335$186$101$8
45 years$946$557$314$171$91$7
46 years$915$532$295$158$83$6
47 years$886$507$277$146$75$5
48 years$857$484$261$135$68$4
49 years$830$462$245$125$62$4
50 years$805$442$230$116$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $824,000, adding $3,006 every year, while hoping to spend $26,779 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: 64/27/9 Blend
49$824,000$824,000$824,000$824,000
50$911,149$867,477$854,705$967,558
51$975,593$881,490$854,845$1,019,567
52$1,045,714$895,293$854,092$1,072,934
53$1,122,060$908,847$852,388$1,130,536
54$1,205,240$922,109$849,672$1,192,782
55$1,295,918$935,037$845,880$1,260,125
56$1,394,830$947,581$840,945$1,333,062
57$1,502,782$959,693$834,797$1,412,143
58$1,620,665$971,317$827,361$1,497,972
59$1,749,456$982,395$818,561$1,591,216
60$1,890,235$992,866$808,317$1,692,610
61$2,044,185$1,002,663$796,542$1,802,965
62$2,212,615$1,011,717$783,149$1,923,174
63$2,396,963$1,019,951$768,046$2,054,221
64$2,598,811$1,027,287$751,134$2,197,191
65$2,819,905$1,033,640$732,312$2,353,283
66$3,062,166$1,038,918$711,474$2,523,813
67$3,327,707$1,043,025$688,509$2,710,238
68$3,618,860$1,045,860$663,300$2,914,161
69$3,938,189$1,047,313$635,727$3,137,348
70$4,288,521$1,047,269$605,661$3,381,749
71$4,672,970$1,045,604$572,970$3,649,513
72$5,094,963$1,042,189$537,515$3,943,007
73$5,558,279$1,036,885$499,151$4,264,844
74$6,067,076$1,029,546$457,725$4,617,902
75$6,625,940$1,020,015$413,081$5,005,354
76$7,239,918$1,008,129$365,051$5,430,701
77$7,914,573$993,710$313,464$5,897,798
78$8,656,033$976,575$258,138$6,410,900
79$9,471,048$956,527$198,886$6,974,693
80$10,367,056$933,358$135,509$7,594,347
81$11,352,250$906,847$67,804$8,275,558
82$12,435,659$876,762$0$9,024,608
83$13,627,227$842,855$0$9,848,849
84$14,937,915$804,865$0$10,762,463
85$16,379,795$762,516$0$11,767,369
86$17,966,170$715,515$0$12,872,866
87$19,711,698$663,554$0$14,089,205
88$21,632,529$606,306$0$15,427,683
89$23,746,457$543,425$0$16,900,751
90$26,073,089$474,546$0$18,522,137
91$28,634,029$399,284$0$20,306,965
92$31,453,082$317,231$0$22,271,911
93$34,556,477$227,956$0$24,435,352
94$37,973,117$131,005$0$26,817,542
95$41,734,848$25,898$0$29,440,807
96$45,876,763$0$0$32,329,753
97$50,437,529$0$0$35,537,608
98$55,459,755$0$0$39,078,582
99$60,990,393$0$0$42,978,094
100$67,081,179$0$0$47,272,631