Can I retire at age 50 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,458$67,848$67,253$66,673$66,106$65,470
2 years$33,890$33,259$32,647$32,054$31,479$30,838
3 years$22,369$21,735$21,125$20,537$19,971$19,346
4 years$16,610$15,978$15,374$14,796$14,244$13,638
5 years$13,155$12,527$11,930$11,365$10,828$10,244
6 years$10,852$10,229$9,642$9,089$8,568$8,007
7 years$9,208$8,590$8,012$7,472$6,968$6,430
8 years$7,976$7,363$6,795$6,268$5,781$5,265
9 years$7,018$6,411$5,853$5,339$4,868$4,375
10 years$6,252$5,651$5,102$4,602$4,148$3,677
11 years$5,626$5,031$4,492$4,005$3,567$3,118
12 years$5,104$4,515$3,987$3,513$3,091$2,664
13 years$4,663$4,081$3,562$3,102$2,696$2,289
14 years$4,286$3,709$3,200$2,753$2,363$1,977
15 years$3,959$3,388$2,889$2,456$2,081$1,714
16 years$3,673$3,109$2,620$2,199$1,839$1,492
17 years$3,421$2,863$2,384$1,975$1,630$1,302
18 years$3,197$2,646$2,176$1,780$1,450$1,139
19 years$2,997$2,452$1,992$1,609$1,292$999
20 years$2,818$2,278$1,828$1,457$1,154$878
21 years$2,655$2,122$1,682$1,322$1,033$772
22 years$2,508$1,981$1,550$1,202$926$680
23 years$2,373$1,853$1,431$1,095$831$600
24 years$2,250$1,736$1,323$999$747$530
25 years$2,137$1,629$1,226$912$672$469
26 years$2,033$1,531$1,137$834$605$415
27 years$1,937$1,441$1,056$763$546$367
28 years$1,848$1,358$981$699$493$325
29 years$1,765$1,281$913$641$445$289
30 years$1,687$1,210$851$589$402$256
31 years$1,615$1,144$793$541$363$227
32 years$1,548$1,082$740$497$329$202
33 years$1,485$1,025$691$457$297$179
34 years$1,425$971$646$420$269$159
35 years$1,369$921$604$387$244$141
36 years$1,317$874$565$356$221$126
37 years$1,267$830$528$328$200$112
38 years$1,220$789$495$303$182$99
39 years$1,176$750$464$279$165$88
40 years$1,133$714$435$257$149$79
41 years$1,093$680$407$237$136$70
42 years$1,055$647$382$219$123$62
43 years$1,019$617$359$202$112$55
44 years$985$588$337$187$101$49
45 years$952$561$316$173$92$44
46 years$921$535$297$159$83$39
47 years$891$510$279$147$76$35
48 years$863$487$262$136$69$31
49 years$835$465$246$126$63$27
50 years$809$444$232$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $829,000, adding $5,782 every year, while hoping to spend $23,741 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: 49/40/11 Blend
49$829,000$829,000$829,000$829,000
50$919,522$875,585$862,736$961,562
51$988,053$893,229$866,377$1,008,672
52$1,062,779$910,941$869,345$1,056,850
53$1,144,305$928,700$871,591$1,108,641
54$1,233,301$946,483$873,066$1,164,388
55$1,330,501$964,264$873,717$1,224,473
56$1,436,715$982,016$873,489$1,289,315
57$1,552,833$999,708$872,325$1,359,376
58$1,679,837$1,017,309$870,163$1,435,165
59$1,818,807$1,034,783$866,939$1,517,244
60$1,970,932$1,052,094$862,588$1,606,233
61$2,137,522$1,069,202$857,040$1,702,812
62$2,320,019$1,086,062$850,220$1,807,736
63$2,520,011$1,102,630$842,053$1,921,833
64$2,739,248$1,118,855$832,458$2,046,018
65$2,979,657$1,134,684$821,351$2,181,301
66$3,243,359$1,150,060$808,643$2,328,792
67$3,532,691$1,164,923$794,242$2,489,717
68$3,850,229$1,179,207$778,052$2,665,430
69$4,198,807$1,192,843$759,972$2,857,420
70$4,581,549$1,205,756$739,895$3,067,331
71$5,001,897$1,217,868$717,711$3,296,976
72$5,463,641$1,229,094$693,305$3,548,353
73$5,970,957$1,239,344$666,555$3,823,664
74$6,528,444$1,248,521$637,334$4,125,341
75$7,141,171$1,256,525$605,511$4,456,061
76$7,814,722$1,263,246$570,946$4,818,778
77$8,555,247$1,268,568$533,496$5,216,749
78$9,369,523$1,272,369$493,010$5,653,565
79$10,265,017$1,274,518$449,328$6,133,184
80$11,249,956$1,274,876$402,287$6,659,972
81$12,333,402$1,273,296$351,715$7,238,742
82$13,525,342$1,269,620$297,430$7,874,801
83$14,836,779$1,263,684$239,246$8,573,997
84$16,279,836$1,255,310$176,966$9,342,782
85$17,867,870$1,244,311$110,386$10,188,267
86$19,615,600$1,230,489$39,291$11,118,291
87$21,539,242$1,213,634$0$12,141,499
88$23,656,666$1,193,523$0$13,271,712
89$25,987,560$1,169,920$0$14,520,343
90$28,553,619$1,142,575$0$15,894,385
91$31,378,750$1,111,222$0$17,406,636
92$34,489,292$1,075,582$0$19,071,201
93$37,914,272$1,035,358$0$20,903,629
94$41,685,673$990,235$0$22,921,058
95$45,838,737$939,883$0$25,142,380
96$50,412,300$883,948$0$27,588,416
97$55,449,153$822,060$0$30,282,117
98$60,996,451$753,825$0$33,248,782
99$67,106,155$678,829$0$36,516,294
100$73,835,523$596,632$0$40,115,386