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%12.6%
1 years$68,541$67,930$67,334$66,753$66,185$65,467
2 years$33,931$33,299$32,687$32,093$31,517$30,793
3 years$22,396$21,761$21,150$20,562$19,996$19,290
4 years$16,630$15,997$15,392$14,814$14,261$13,578
5 years$13,171$12,542$11,945$11,378$10,841$10,183
6 years$10,865$10,241$9,653$9,099$8,578$7,946
7 years$9,220$8,601$8,022$7,481$6,976$6,370
8 years$7,986$7,372$6,803$6,276$5,788$5,207
9 years$7,026$6,419$5,860$5,346$4,874$4,319
10 years$6,260$5,658$5,109$4,608$4,153$3,624
11 years$5,633$5,037$4,497$4,010$3,572$3,067
12 years$5,110$4,521$3,991$3,518$3,095$2,615
13 years$4,669$4,086$3,566$3,105$2,699$2,243
14 years$4,291$3,714$3,204$2,757$2,366$1,933
15 years$3,963$3,393$2,893$2,458$2,083$1,673
16 years$3,677$3,113$2,623$2,201$1,841$1,453
17 years$3,425$2,867$2,387$1,978$1,632$1,265
18 years$3,201$2,649$2,179$1,782$1,451$1,105
19 years$3,001$2,455$1,995$1,611$1,294$967
20 years$2,821$2,281$1,830$1,459$1,156$847
21 years$2,658$2,125$1,684$1,324$1,034$744
22 years$2,511$1,983$1,552$1,204$927$654
23 years$2,376$1,855$1,433$1,096$832$576
24 years$2,253$1,738$1,325$1,000$748$507
25 years$2,140$1,631$1,227$913$673$448
26 years$2,036$1,533$1,138$835$606$395
27 years$1,939$1,443$1,057$764$547$349
28 years$1,850$1,359$983$700$493$309
29 years$1,767$1,283$914$642$445$273
30 years$1,690$1,211$852$589$402$241
31 years$1,617$1,145$794$541$364$214
32 years$1,550$1,083$741$497$329$189
33 years$1,486$1,026$692$457$298$168
34 years$1,427$972$646$421$270$149
35 years$1,371$922$604$387$244$132
36 years$1,318$875$565$357$221$117
37 years$1,268$831$529$329$201$103
38 years$1,221$790$495$303$182$92
39 years$1,177$751$464$279$165$81
40 years$1,135$715$435$258$150$72
41 years$1,095$680$408$238$136$64
42 years$1,057$648$383$219$123$57
43 years$1,021$617$359$203$112$50
44 years$986$589$337$187$101$45
45 years$953$561$317$173$92$40
46 years$922$535$297$160$84$35
47 years$892$511$279$147$76$31
48 years$864$488$262$136$69$28
49 years$836$466$247$126$63$25
50 years$810$445$232$116$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $830,000, adding $2,912 every year, while hoping to spend $46,073 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: 34/45/21 Blend
49$830,000$830,000$830,000$830,000
50$917,664$873,674$860,809$942,882
51$962,244$867,462$840,625$955,590
52$1,009,828$859,403$818,220$964,850
53$1,060,672$849,355$793,472$973,888
54$1,115,059$837,172$766,252$982,712
55$1,173,299$822,698$736,425$991,335
56$1,235,731$805,766$703,852$999,776
57$1,302,728$786,201$668,383$1,008,060
58$1,374,699$763,817$629,867$1,016,219
59$1,452,093$738,418$588,141$1,024,294
60$1,535,401$709,796$543,039$1,032,334
61$1,625,166$677,730$494,385$1,040,401
62$1,721,981$641,986$441,995$1,048,567
63$1,826,499$602,320$385,678$1,056,919
64$1,939,438$558,469$325,233$1,065,559
65$2,061,585$510,159$260,453$1,074,608
66$2,193,808$457,098$191,120$1,084,206
67$2,337,058$398,977$117,004$1,094,514
68$2,492,384$335,473$37,869$1,105,721
69$2,660,936$266,241$0$1,118,042
70$2,843,983$190,918$0$1,142,162
71$3,042,916$109,120$0$1,177,659
72$3,259,270$20,443$0$1,216,422
73$3,494,729$0$0$1,258,881
74$3,751,151$0$0$1,342,924
75$4,030,576$0$0$1,445,648
76$4,335,252$0$0$1,557,772
77$4,667,653$0$0$1,680,219
78$5,030,499$0$0$1,814,007
79$5,426,788$0$0$1,960,258
80$5,859,819$0$0$2,120,205
81$6,333,223$0$0$2,295,206
82$6,850,999$0$0$2,486,758
83$7,417,550$0$0$2,696,508
84$8,037,722$0$0$2,926,269
85$8,716,855$0$0$3,178,040
86$9,460,828$0$0$3,454,020
87$10,276,113$0$0$3,756,632
88$11,169,841$0$0$4,088,545
89$12,149,865$0$0$4,452,698
90$13,224,833$0$0$4,852,329
91$14,404,272$0$0$5,291,005
92$15,698,675$0$0$5,772,653
93$17,119,600$0$0$6,301,601
94$18,679,778$0$0$6,882,617
95$20,393,235$0$0$7,520,950
96$22,275,420$0$0$8,222,388
97$24,343,353$0$0$8,993,302
98$26,615,784$0$0$9,840,716
99$29,113,370$0$0$10,772,363
100$31,858,867$0$0$11,796,767