Can I retire at age 50 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$68,706$68,094$67,497$66,914$66,345$65,192
2 years$34,013$33,379$32,765$32,170$31,593$30,435
3 years$22,450$21,814$21,201$20,612$20,044$18,917
4 years$16,670$16,035$15,429$14,850$14,295$13,209
5 years$13,202$12,572$11,974$11,406$10,867$9,823
6 years$10,892$10,266$9,677$9,121$8,599$7,599
7 years$9,242$8,621$8,041$7,499$6,993$6,038
8 years$8,005$7,390$6,820$6,291$5,801$4,891
9 years$7,043$6,434$5,874$5,358$4,886$4,019
10 years$6,275$5,672$5,121$4,619$4,163$3,339
11 years$5,646$5,049$4,508$4,020$3,580$2,798
12 years$5,123$4,532$4,001$3,526$3,103$2,361
13 years$4,680$4,095$3,575$3,113$2,705$2,004
14 years$4,301$3,723$3,212$2,763$2,372$1,709
15 years$3,973$3,401$2,900$2,464$2,088$1,463
16 years$3,686$3,120$2,629$2,207$1,845$1,256
17 years$3,433$2,873$2,392$1,983$1,636$1,082
18 years$3,209$2,655$2,184$1,787$1,455$934
19 years$3,008$2,461$1,999$1,614$1,297$808
20 years$2,828$2,287$1,835$1,462$1,158$700
21 years$2,665$2,130$1,688$1,327$1,037$607
22 years$2,517$1,988$1,555$1,207$929$527
23 years$2,382$1,860$1,436$1,099$834$458
24 years$2,258$1,742$1,328$1,002$750$399
25 years$2,145$1,635$1,230$915$675$347
26 years$2,041$1,537$1,141$837$608$303
27 years$1,944$1,446$1,060$766$548$264
28 years$1,854$1,363$985$702$494$230
29 years$1,771$1,286$917$644$446$201
30 years$1,694$1,214$854$591$403$176
31 years$1,621$1,148$796$542$365$153
32 years$1,553$1,086$743$499$330$134
33 years$1,490$1,028$693$458$299$117
34 years$1,430$975$648$422$270$102
35 years$1,374$925$606$388$245$90
36 years$1,321$878$567$358$222$78
37 years$1,272$833$530$330$201$69
38 years$1,224$792$497$304$182$60
39 years$1,180$753$465$280$165$52
40 years$1,137$717$436$258$150$46
41 years$1,097$682$409$238$136$40
42 years$1,059$650$384$220$123$35
43 years$1,023$619$360$203$112$31
44 years$989$590$338$187$102$27
45 years$956$563$317$173$92$24
46 years$924$537$298$160$84$21
47 years$894$512$280$148$76$18
48 years$866$489$263$137$69$16
49 years$838$467$247$126$63$14
50 years$812$446$232$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $832,000, adding $4,170 every year, while hoping to spend $57,073 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: 52/36/12 Blend
49$832,000$832,000$832,000$832,000
50$921,165$877,069$864,173$965,935
51$954,399$859,321$832,398$979,193
52$989,110$838,789$797,645$987,163
53$1,025,388$815,279$759,755$994,521
54$1,063,331$788,581$718,561$1,001,225
55$1,103,045$758,476$673,886$1,007,230
56$1,144,644$724,730$625,550$1,012,491
57$1,188,253$687,096$573,361$1,016,964
58$1,234,005$645,315$517,120$1,020,600
59$1,282,048$599,110$456,618$1,023,356
60$1,332,540$548,189$391,637$1,025,184
61$1,385,653$492,244$321,951$1,026,040
62$1,441,575$430,950$247,322$1,025,878
63$1,500,511$363,962$167,503$1,024,654
64$1,562,683$290,915$82,234$1,022,329
65$1,628,334$211,427$0$1,018,861
66$1,697,728$125,092$0$1,015,337
67$1,771,155$31,479$0$1,021,911
68$1,848,929$0$0$1,028,053
69$1,931,395$0$0$1,061,456
70$2,018,930$0$0$1,110,190
71$2,111,945$0$0$1,162,019
72$2,210,891$0$0$1,217,200
73$2,316,261$0$0$1,276,015
74$2,428,594$0$0$1,338,770
75$2,548,481$0$0$1,405,804
76$2,676,570$0$0$1,477,485
77$2,813,571$0$0$1,554,218
78$2,960,261$0$0$1,636,448
79$3,117,495$0$0$1,724,663
80$3,286,208$0$0$1,819,396
81$3,467,428$0$0$1,921,234
82$3,662,282$0$0$2,030,822
83$3,872,008$0$0$2,148,868
84$4,097,965$0$0$2,276,147
85$4,341,647$0$0$2,413,514
86$4,604,694$0$0$2,561,906
87$4,888,908$0$0$2,722,354
88$5,196,270$0$0$2,895,990
89$5,528,956$0$0$3,084,060
90$5,889,361$0$0$3,287,932
91$6,280,115$0$0$3,509,112
92$6,704,112$0$0$3,749,256
93$7,164,534$0$0$4,010,183
94$7,664,883$0$0$4,293,899
95$8,209,009$0$0$4,602,605
96$8,801,148$0$0$4,938,728
97$9,445,962$0$0$5,304,935
98$10,148,581$0$0$5,704,162
99$10,914,649$0$0$6,139,641
100$11,750,381$0$0$6,614,930