Can I retire at age 50 with 829,000?

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 $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%17.8%
1 years$68,458$67,848$67,253$66,673$66,106$64,015
2 years$33,890$33,259$32,647$32,054$31,479$29,392
3 years$22,369$21,735$21,125$20,537$19,971$17,953
4 years$16,610$15,978$15,374$14,796$14,244$12,310
5 years$13,155$12,527$11,930$11,365$10,828$8,983
6 years$10,852$10,229$9,642$9,089$8,568$6,814
7 years$9,208$8,590$8,012$7,472$6,968$5,305
8 years$7,976$7,363$6,795$6,268$5,781$4,207
9 years$7,018$6,411$5,853$5,339$4,868$3,383
10 years$6,252$5,651$5,102$4,602$4,148$2,748
11 years$5,626$5,031$4,492$4,005$3,567$2,251
12 years$5,104$4,515$3,987$3,513$3,091$1,856
13 years$4,663$4,081$3,562$3,102$2,696$1,537
14 years$4,286$3,709$3,200$2,753$2,363$1,279
15 years$3,959$3,388$2,889$2,456$2,081$1,068
16 years$3,673$3,109$2,620$2,199$1,839$894
17 years$3,421$2,863$2,384$1,975$1,630$750
18 years$3,197$2,646$2,176$1,780$1,450$630
19 years$2,997$2,452$1,992$1,609$1,292$531
20 years$2,818$2,278$1,828$1,457$1,154$447
21 years$2,655$2,122$1,682$1,322$1,033$377
22 years$2,508$1,981$1,550$1,202$926$319
23 years$2,373$1,853$1,431$1,095$831$269
24 years$2,250$1,736$1,323$999$747$228
25 years$2,137$1,629$1,226$912$672$193
26 years$2,033$1,531$1,137$834$605$163
27 years$1,937$1,441$1,056$763$546$138
28 years$1,848$1,358$981$699$493$117
29 years$1,765$1,281$913$641$445$99
30 years$1,687$1,210$851$589$402$84
31 years$1,615$1,144$793$541$363$71
32 years$1,548$1,082$740$497$329$61
33 years$1,485$1,025$691$457$297$51
34 years$1,425$971$646$420$269$44
35 years$1,369$921$604$387$244$37
36 years$1,317$874$565$356$221$31
37 years$1,267$830$528$328$200$27
38 years$1,220$789$495$303$182$23
39 years$1,176$750$464$279$165$19
40 years$1,133$714$435$257$149$16
41 years$1,093$680$407$237$136$14
42 years$1,055$647$382$219$123$12
43 years$1,019$617$359$202$112$10
44 years$985$588$337$187$101$8
45 years$952$561$316$173$92$7
46 years$921$535$297$159$83$6
47 years$891$510$279$147$76$5
48 years$863$487$262$136$69$4
49 years$835$465$246$126$63$4
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $829,000, adding $4,223 every year, while hoping to spend $49,934 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: 66/8/26 Blend
49$829,000$829,000$829,000$829,000
50$917,914$873,977$861,128$972,007
51$958,412$863,673$836,846$998,668
52$1,001,367$851,189$810,077$1,021,803
53$1,046,977$836,369$780,686$1,045,973
54$1,095,459$819,041$748,529$1,071,282
55$1,147,049$799,027$713,458$1,097,848
56$1,202,007$776,138$675,317$1,125,802
57$1,260,616$750,173$633,945$1,155,289
58$1,323,187$720,920$589,170$1,186,474
59$1,390,061$688,154$540,817$1,219,536
60$1,461,612$651,638$488,698$1,254,678
61$1,538,248$611,120$432,622$1,292,126
62$1,620,419$566,335$372,384$1,332,128
63$1,708,618$517,001$307,775$1,374,964
64$1,803,384$462,822$238,573$1,420,941
65$1,905,312$403,483$164,548$1,470,405
66$2,015,054$338,653$85,460$1,523,736
67$2,133,324$267,982$1,057$1,581,359
68$2,260,908$191,098$0$1,643,743
69$2,398,671$107,612$0$1,736,106
70$2,547,561$17,111$0$1,836,250
71$2,708,621$0$0$1,944,602
72$2,882,997$0$0$2,069,074
73$3,071,949$0$0$2,205,628
74$3,276,863$0$0$2,353,763
75$3,499,263$0$0$2,514,588
76$3,740,826$0$0$2,689,320
77$4,003,393$0$0$2,879,300
78$4,288,994$0$0$3,086,001
79$4,599,860$0$0$3,311,046
80$4,938,446$0$0$3,556,219
81$5,307,454$0$0$3,823,483
82$5,709,857$0$0$4,115,002
83$6,148,928$0$0$4,433,154
84$6,628,269$0$0$4,780,557
85$7,151,846$0$0$5,160,095
86$7,724,024$0$0$5,574,941
87$8,349,608$0$0$6,028,590
88$9,033,891$0$0$6,524,889
89$9,782,698$0$0$7,068,074
90$10,602,445$0$0$7,662,809
91$11,500,197$0$0$8,314,232
92$12,483,733$0$0$9,028,000
93$13,561,620$0$0$9,810,341
94$14,743,296$0$0$10,668,119
95$16,039,151$0$0$11,608,889
96$17,460,633$0$0$12,640,975
97$19,020,349$0$0$13,773,545
98$20,732,187$0$0$15,016,698
99$22,611,442$0$0$16,381,557
100$24,674,965$0$0$17,880,377