Can I retire at age 50 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$68,541$67,930$67,334$66,753$66,185$64,717
2 years$33,931$33,299$32,687$32,093$31,517$30,045
3 years$22,396$21,761$21,150$20,562$19,996$18,566
4 years$16,630$15,997$15,392$14,814$14,261$12,885
5 years$13,171$12,542$11,945$11,378$10,841$9,523
6 years$10,865$10,241$9,653$9,099$8,578$7,319
7 years$9,220$8,601$8,022$7,481$6,976$5,776
8 years$7,986$7,372$6,803$6,276$5,788$4,646
9 years$7,026$6,419$5,860$5,346$4,874$3,790
10 years$6,260$5,658$5,109$4,608$4,153$3,126
11 years$5,633$5,037$4,497$4,010$3,572$2,600
12 years$5,110$4,521$3,991$3,518$3,095$2,177
13 years$4,669$4,086$3,566$3,105$2,699$1,833
14 years$4,291$3,714$3,204$2,757$2,366$1,550
15 years$3,963$3,393$2,893$2,458$2,083$1,316
16 years$3,677$3,113$2,623$2,201$1,841$1,121
17 years$3,425$2,867$2,387$1,978$1,632$957
18 years$3,201$2,649$2,179$1,782$1,451$819
19 years$3,001$2,455$1,995$1,611$1,294$702
20 years$2,821$2,281$1,830$1,459$1,156$602
21 years$2,658$2,125$1,684$1,324$1,034$518
22 years$2,511$1,983$1,552$1,204$927$446
23 years$2,376$1,855$1,433$1,096$832$384
24 years$2,253$1,738$1,325$1,000$748$331
25 years$2,140$1,631$1,227$913$673$286
26 years$2,036$1,533$1,138$835$606$246
27 years$1,939$1,443$1,057$764$547$213
28 years$1,850$1,359$983$700$493$184
29 years$1,767$1,283$914$642$445$159
30 years$1,690$1,211$852$589$402$138
31 years$1,617$1,145$794$541$364$119
32 years$1,550$1,083$741$497$329$103
33 years$1,486$1,026$692$457$298$89
34 years$1,427$972$646$421$270$77
35 years$1,371$922$604$387$244$67
36 years$1,318$875$565$357$221$58
37 years$1,268$831$529$329$201$50
38 years$1,221$790$495$303$182$43
39 years$1,177$751$464$279$165$38
40 years$1,135$715$435$258$150$32
41 years$1,095$680$408$238$136$28
42 years$1,057$648$383$219$123$24
43 years$1,021$617$359$203$112$21
44 years$986$589$337$187$101$18
45 years$953$561$317$173$92$16
46 years$922$535$297$160$84$14
47 years$892$511$279$147$76$12
48 years$864$488$262$136$69$10
49 years$836$466$247$126$63$9
50 years$810$445$232$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $830,000, adding $2,896 every year, while hoping to spend $53,218 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: 69/9/22 Blend
49$830,000$830,000$830,000$830,000
50$917,647$873,657$860,792$975,715
51$954,624$859,843$833,005$1,001,107
52$993,588$843,568$802,504$1,022,410
53$1,034,687$824,656$769,141$1,044,441
54$1,078,080$802,919$732,762$1,067,268
55$1,123,942$778,160$693,207$1,090,970
56$1,172,463$750,168$650,308$1,115,634
57$1,223,850$718,722$603,889$1,141,355
58$1,278,329$683,587$553,766$1,168,244
59$1,336,150$644,513$499,749$1,196,420
60$1,397,583$601,240$441,635$1,226,022
61$1,462,923$553,487$379,217$1,257,199
62$1,532,496$500,963$312,276$1,290,121
63$1,606,657$443,357$240,583$1,324,978
64$1,685,794$380,340$163,901$1,361,981
65$1,770,334$311,565$81,981$1,401,363
66$1,860,744$236,667$0$1,443,388
67$1,957,535$155,259$0$1,489,623
68$2,061,270$66,933$0$1,559,737
69$2,172,563$0$0$1,634,890
70$2,292,091$0$0$1,718,401
71$2,420,595$0$0$1,815,343
72$2,558,891$0$0$1,919,705
73$2,707,871$0$0$2,032,168
74$2,868,519$0$0$2,153,475
75$3,041,913$0$0$2,284,448
76$3,229,238$0$0$2,425,987
77$3,431,798$0$0$2,579,081
78$3,651,024$0$0$2,744,819
79$3,888,490$0$0$2,924,396
80$4,145,927$0$0$3,119,127
81$4,425,238$0$0$3,330,459
82$4,728,516$0$0$3,559,982
83$5,058,064$0$0$3,809,446
84$5,416,413$0$0$4,080,775
85$5,806,351$0$0$4,376,086
86$6,230,942$0$0$4,697,710
87$6,693,561$0$0$5,048,210
88$7,197,919$0$0$5,430,409
89$7,748,102$0$0$5,847,411
90$8,348,608$0$0$6,302,635
91$9,004,387$0$0$6,799,844
92$9,720,889$0$0$7,343,179
93$10,504,112$0$0$7,937,202
94$11,360,662$0$0$8,586,933
95$12,297,812$0$0$9,297,902
96$13,323,570$0$0$10,076,195
97$14,446,754$0$0$10,928,515
98$15,677,074$0$0$11,862,246
99$17,025,224$0$0$12,885,516
100$18,502,982$0$0$14,007,280