Can I retire at age 50 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$68,788$68,176$67,578$66,994$66,425$64,924
2 years$34,054$33,419$32,805$32,209$31,631$30,127
3 years$22,477$21,840$21,227$20,637$20,068$18,608
4 years$16,690$16,055$15,448$14,867$14,313$12,908
5 years$13,218$12,587$11,988$11,420$10,880$9,534
6 years$10,905$10,278$9,688$9,132$8,609$7,324
7 years$9,253$8,632$8,051$7,508$7,002$5,777
8 years$8,015$7,399$6,828$6,298$5,808$4,644
9 years$7,052$6,442$5,881$5,365$4,892$3,786
10 years$6,282$5,678$5,127$4,625$4,168$3,120
11 years$5,653$5,055$4,514$4,025$3,584$2,594
12 years$5,129$4,537$4,006$3,530$3,106$2,171
13 years$4,686$4,100$3,579$3,117$2,709$1,826
14 years$4,306$3,727$3,216$2,767$2,374$1,544
15 years$3,978$3,405$2,903$2,467$2,091$1,310
16 years$3,691$3,124$2,632$2,209$1,848$1,114
17 years$3,437$2,877$2,395$1,985$1,638$951
18 years$3,213$2,658$2,187$1,789$1,457$813
19 years$3,012$2,464$2,002$1,616$1,298$696
20 years$2,831$2,289$1,837$1,464$1,160$597
21 years$2,668$2,133$1,690$1,329$1,038$513
22 years$2,520$1,991$1,557$1,208$930$441
23 years$2,385$1,862$1,438$1,100$835$380
24 years$2,261$1,744$1,330$1,003$751$327
25 years$2,148$1,637$1,232$916$675$282
26 years$2,043$1,539$1,142$838$608$243
27 years$1,946$1,448$1,061$767$549$210
28 years$1,857$1,364$986$703$495$181
29 years$1,773$1,287$918$644$447$157
30 years$1,696$1,216$855$591$404$135
31 years$1,623$1,149$797$543$365$117
32 years$1,555$1,087$744$499$330$101
33 years$1,492$1,030$694$459$299$87
34 years$1,432$976$649$422$271$76
35 years$1,376$926$606$389$245$65
36 years$1,323$879$567$358$222$57
37 years$1,273$834$531$330$201$49
38 years$1,226$793$497$304$182$42
39 years$1,181$754$466$280$165$37
40 years$1,139$717$437$259$150$32
41 years$1,099$683$409$239$136$27
42 years$1,061$650$384$220$124$24
43 years$1,024$620$360$203$112$21
44 years$990$591$338$188$102$18
45 years$957$563$318$173$92$15
46 years$925$537$298$160$84$13
47 years$895$513$280$148$76$12
48 years$867$490$263$137$69$10
49 years$839$467$248$126$63$9
50 years$813$447$233$117$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $833,000, adding $5,040 every year, while hoping to spend $31,144 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: 76/19/5 Blend
49$833,000$833,000$833,000$833,000
50$923,165$879,016$866,104$992,661
51$984,191$888,951$861,982$1,048,932
52$1,050,397$898,328$856,677$1,106,068
53$1,122,280$907,089$850,119$1,167,774
54$1,200,385$915,168$842,229$1,234,489
55$1,285,310$922,498$832,930$1,306,698
56$1,377,717$929,005$822,138$1,384,934
57$1,478,329$934,612$809,766$1,469,785
58$1,587,947$939,236$795,721$1,561,900
59$1,707,450$942,790$779,909$1,661,991
60$1,837,803$945,181$762,230$1,770,846
61$1,980,073$946,308$742,579$1,889,331
62$2,135,431$946,068$720,846$2,018,402
63$2,305,167$944,348$696,916$2,159,110
64$2,490,702$941,029$670,671$2,312,615
65$2,693,599$935,985$641,984$2,480,196
66$2,915,581$929,082$610,725$2,663,262
67$3,158,542$920,180$576,756$2,863,364
68$3,424,572$909,126$539,935$3,082,215
69$3,715,967$895,763$500,112$3,321,700
70$4,035,261$879,920$457,131$3,583,898
71$4,385,241$861,420$410,829$3,871,099
72$4,768,978$840,072$361,034$4,185,831
73$5,189,854$815,676$307,569$4,530,875
74$5,651,595$788,019$250,248$4,909,300
75$6,158,302$756,877$188,876$5,324,488
76$6,714,497$722,012$123,251$5,780,167
77$7,325,157$683,172$53,162$6,280,445
78$7,995,767$640,091$0$6,829,850
79$8,732,367$592,487$0$7,434,529
80$9,541,613$540,063$0$8,101,932
81$10,430,836$482,505$0$8,835,296
82$11,408,113$419,480$0$9,641,321
83$12,482,343$350,636$0$10,527,389
84$13,663,327$275,603$0$11,501,637
85$14,961,868$193,989$0$12,573,031
86$16,389,863$105,379$0$13,751,455
87$17,960,424$9,337$0$15,047,802
88$19,687,993$0$0$16,474,078
89$21,588,486$0$0$18,063,293
90$23,679,438$0$0$19,813,955
91$25,980,167$0$0$21,740,294
92$28,511,962$0$0$23,860,137
93$31,298,278$0$0$26,193,127
94$34,364,957$0$0$28,760,908
95$37,740,477$0$0$31,587,330
96$41,456,215$0$0$34,698,671
97$45,546,743$0$0$38,123,885
98$50,050,157$0$0$41,894,878
99$55,008,436$0$0$46,046,808
100$60,467,834$0$0$50,618,411