Can I retire at age 50 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$68,623$68,012$67,416$66,833$66,265$64,402
2 years$33,972$33,339$32,726$32,131$31,555$29,692
3 years$22,423$21,788$21,176$20,587$20,020$18,216
4 years$16,650$16,016$15,411$14,832$14,278$12,547
5 years$13,187$12,557$11,959$11,392$10,854$9,200
6 years$10,879$10,254$9,665$9,110$8,588$7,013
7 years$9,231$8,611$8,032$7,490$6,985$5,488
8 years$7,995$7,381$6,811$6,283$5,794$4,375
9 years$7,035$6,427$5,867$5,352$4,880$3,537
10 years$6,267$5,665$5,115$4,613$4,158$2,890
11 years$5,639$5,043$4,503$4,015$3,576$2,381
12 years$5,117$4,526$3,996$3,522$3,099$1,974
13 years$4,674$4,090$3,570$3,109$2,702$1,646
14 years$4,296$3,718$3,208$2,760$2,369$1,378
15 years$3,968$3,397$2,896$2,461$2,086$1,157
16 years$3,682$3,116$2,626$2,204$1,843$975
17 years$3,429$2,870$2,390$1,980$1,634$823
18 years$3,205$2,652$2,181$1,785$1,453$697
19 years$3,004$2,458$1,997$1,613$1,295$591
20 years$2,824$2,284$1,833$1,460$1,157$501
21 years$2,662$2,127$1,686$1,325$1,035$426
22 years$2,514$1,986$1,554$1,205$928$362
23 years$2,379$1,857$1,435$1,098$833$308
24 years$2,256$1,740$1,327$1,001$749$263
25 years$2,142$1,633$1,229$914$674$224
26 years$2,038$1,535$1,140$836$607$191
27 years$1,942$1,444$1,058$765$547$163
28 years$1,852$1,361$984$701$494$139
29 years$1,769$1,284$915$643$446$119
30 years$1,692$1,213$853$590$403$101
31 years$1,619$1,146$795$542$364$87
32 years$1,552$1,085$742$498$329$74
33 years$1,488$1,027$693$458$298$63
34 years$1,429$974$647$421$270$54
35 years$1,373$923$605$388$244$46
36 years$1,320$876$566$357$222$40
37 years$1,270$832$530$329$201$34
38 years$1,223$791$496$303$182$29
39 years$1,178$752$465$280$165$25
40 years$1,136$716$436$258$150$21
41 years$1,096$681$408$238$136$18
42 years$1,058$649$383$220$123$15
43 years$1,022$618$360$203$112$13
44 years$987$589$337$187$102$11
45 years$955$562$317$173$92$10
46 years$923$536$298$160$84$8
47 years$893$512$280$148$76$7
48 years$865$488$263$136$69$6
49 years$837$466$247$126$63$5
50 years$811$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $831,000, adding $3,227 every year, while hoping to spend $35,969 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: 67/10/23 Blend
49$831,000$831,000$831,000$831,000
50$919,091$875,048$862,167$975,066
51$974,567$879,654$852,779$1,017,645
52$1,034,497$883,281$841,871$1,059,779
53$1,099,296$885,842$829,354$1,105,016
54$1,169,421$887,246$815,135$1,153,664
55$1,245,377$887,395$799,116$1,206,060
56$1,327,715$886,187$781,196$1,262,578
57$1,417,044$883,513$761,268$1,323,629
58$1,514,032$879,255$739,221$1,389,670
59$1,619,416$873,290$714,937$1,461,202
60$1,734,003$865,489$688,294$1,538,780
61$1,858,685$855,711$659,165$1,623,017
62$1,994,440$843,810$627,417$1,714,588
63$2,142,347$829,631$592,909$1,814,241
64$2,303,591$813,007$555,496$1,922,798
65$2,479,478$793,765$515,026$2,041,170
66$2,671,444$771,719$471,339$2,170,360
67$2,881,072$746,674$424,269$2,311,475
68$3,110,101$718,421$373,642$2,465,739
69$3,360,448$686,741$319,276$2,634,500
70$3,634,225$651,402$260,983$2,819,247
71$3,933,753$612,158$198,563$3,021,622
72$4,261,592$568,749$131,811$3,243,439
73$4,620,558$520,902$60,510$3,486,698
74$5,013,753$468,324$0$3,753,604
75$5,444,594$410,710$0$4,050,417
76$5,916,844$347,736$0$4,392,093
77$6,434,645$279,058$0$4,766,792
78$7,002,561$204,315$0$5,177,844
79$7,625,621$123,124$0$5,628,919
80$8,309,359$35,082$0$6,124,065
81$9,059,875$0$0$6,667,737
82$9,883,887$0$0$7,271,478
83$10,788,795$0$0$7,938,783
84$11,782,752$0$0$8,671,810
85$12,874,737$0$0$9,477,189
86$14,074,645$0$0$10,362,223
87$15,393,374$0$0$11,334,959
88$16,842,931$0$0$12,404,262
89$18,436,545$0$0$13,579,897
90$20,188,790$0$0$14,872,625
91$22,115,723$0$0$16,294,300
92$24,235,036$0$0$17,857,982
93$26,566,219$0$0$19,578,062
94$29,130,747$0$0$21,470,396
95$31,952,283$0$0$23,552,452
96$35,056,897$0$0$25,843,478
97$38,473,313$0$0$28,364,681
98$42,233,184$0$0$31,139,431
99$46,371,383$0$0$34,193,473
100$50,926,336$0$0$37,555,179