Can I retire at age 50 with 832,000?

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 $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%14.8%
1 years$68,706$68,094$67,497$66,914$66,345$65,032
2 years$34,013$33,379$32,765$32,170$31,593$30,276
3 years$22,450$21,814$21,201$20,612$20,044$18,763
4 years$16,670$16,035$15,429$14,850$14,295$13,062
5 years$13,202$12,572$11,974$11,406$10,867$9,684
6 years$10,892$10,266$9,677$9,121$8,599$7,467
7 years$9,242$8,621$8,041$7,499$6,993$5,913
8 years$8,005$7,390$6,820$6,291$5,801$4,772
9 years$7,043$6,434$5,874$5,358$4,886$3,907
10 years$6,275$5,672$5,121$4,619$4,163$3,234
11 years$5,646$5,049$4,508$4,020$3,580$2,700
12 years$5,123$4,532$4,001$3,526$3,103$2,270
13 years$4,680$4,095$3,575$3,113$2,705$1,919
14 years$4,301$3,723$3,212$2,763$2,372$1,630
15 years$3,973$3,401$2,900$2,464$2,088$1,389
16 years$3,686$3,120$2,629$2,207$1,845$1,188
17 years$3,433$2,873$2,392$1,983$1,636$1,019
18 years$3,209$2,655$2,184$1,787$1,455$875
19 years$3,008$2,461$1,999$1,614$1,297$754
20 years$2,828$2,287$1,835$1,462$1,158$650
21 years$2,665$2,130$1,688$1,327$1,037$561
22 years$2,517$1,988$1,555$1,207$929$485
23 years$2,382$1,860$1,436$1,099$834$420
24 years$2,258$1,742$1,328$1,002$750$364
25 years$2,145$1,635$1,230$915$675$315
26 years$2,041$1,537$1,141$837$608$274
27 years$1,944$1,446$1,060$766$548$237
28 years$1,854$1,363$985$702$494$206
29 years$1,771$1,286$917$644$446$179
30 years$1,694$1,214$854$591$403$156
31 years$1,621$1,148$796$542$365$135
32 years$1,553$1,086$743$499$330$118
33 years$1,490$1,028$693$458$299$102
34 years$1,430$975$648$422$270$89
35 years$1,374$925$606$388$245$77
36 years$1,321$878$567$358$222$67
37 years$1,272$833$530$330$201$59
38 years$1,224$792$497$304$182$51
39 years$1,180$753$465$280$165$44
40 years$1,137$717$436$258$150$39
41 years$1,097$682$409$238$136$34
42 years$1,059$650$384$220$123$29
43 years$1,023$619$360$203$112$26
44 years$989$590$338$187$102$22
45 years$956$563$317$173$92$19
46 years$924$537$298$160$84$17
47 years$894$512$280$148$76$15
48 years$866$489$263$137$69$13
49 years$838$467$247$126$63$11
50 years$812$446$232$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $832,000, adding $6,064 every year, while hoping to spend $37,227 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: 44/43/13 Blend
49$832,000$832,000$832,000$832,000
50$923,119$879,023$866,127$960,032
51$977,668$882,486$855,533$989,844
52$1,036,533$884,871$843,336$1,017,912
53$1,100,116$886,086$829,444$1,047,514
54$1,168,856$886,032$813,759$1,078,806
55$1,243,238$884,607$796,179$1,111,964
56$1,323,795$881,699$776,598$1,147,182
57$1,411,112$877,192$754,904$1,184,675
58$1,505,833$870,962$730,980$1,224,684
59$1,608,664$862,876$704,704$1,267,476
60$1,720,385$852,794$675,950$1,313,349
61$1,841,853$840,569$644,582$1,362,633
62$1,974,009$826,044$610,462$1,415,697
63$2,117,890$809,052$573,445$1,472,947
64$2,274,636$789,417$533,377$1,534,837
65$2,445,503$766,953$490,099$1,601,871
66$2,631,873$741,462$443,446$1,674,607
67$2,835,265$712,735$393,243$1,753,665
68$3,057,354$680,551$339,308$1,839,732
69$3,299,983$644,676$281,453$1,933,571
70$3,565,179$604,863$219,480$2,036,027
71$3,855,175$560,850$153,181$2,148,039
72$4,172,432$512,360$82,341$2,270,643
73$4,519,655$459,101$6,735$2,404,991
74$4,899,827$400,764$0$2,552,359
75$5,316,230$337,022$0$2,724,414
76$5,772,480$267,531$0$2,914,126
77$6,272,558$191,925$0$3,122,327
78$6,820,849$109,820$0$3,350,969
79$7,422,184$20,809$0$3,602,209
80$8,081,882$0$0$3,878,434
81$8,805,801$0$0$4,218,022
82$9,600,397$0$0$4,601,676
83$10,472,778$0$0$5,022,995
84$11,430,776$0$0$5,485,776
85$12,483,018$0$0$5,994,198
86$13,639,007$0$0$6,552,869
87$14,909,213$0$0$7,166,863
88$16,305,169$0$0$7,841,772
89$17,839,582$0$0$8,583,753
90$19,526,450$0$0$9,399,593
91$21,381,197$0$0$10,296,768
92$23,420,814$0$0$11,283,516
93$25,664,022$0$0$12,368,910
94$28,131,447$0$0$13,562,951
95$30,845,815$0$0$14,876,655
96$33,832,164$0$0$16,322,160
97$37,118,084$0$0$17,912,842
98$40,733,972$0$0$19,663,437
99$44,713,320$0$0$21,590,182
100$49,093,032$0$0$23,710,969