Can I retire at age 50 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$68,871$68,257$67,659$67,075$66,504$64,453
2 years$34,095$33,460$32,844$32,247$31,669$29,620
3 years$22,504$21,866$21,252$20,661$20,092$18,110
4 years$16,710$16,074$15,466$14,885$14,330$12,430
5 years$13,234$12,602$12,002$11,433$10,893$9,080
6 years$10,918$10,291$9,700$9,143$8,619$6,895
7 years$9,264$8,642$8,061$7,517$7,010$5,375
8 years$8,024$7,408$6,836$6,306$5,815$4,268
9 years$7,060$6,450$5,888$5,371$4,897$3,435
10 years$6,290$5,685$5,133$4,630$4,173$2,795
11 years$5,660$5,061$4,519$4,030$3,589$2,292
12 years$5,135$4,543$4,011$3,535$3,110$1,892
13 years$4,691$4,105$3,583$3,120$2,712$1,569
14 years$4,311$3,732$3,220$2,770$2,377$1,307
15 years$3,982$3,409$2,907$2,470$2,093$1,093
16 years$3,695$3,128$2,635$2,212$1,850$916
17 years$3,441$2,880$2,398$1,987$1,640$770
18 years$3,216$2,662$2,189$1,791$1,458$648
19 years$3,015$2,467$2,004$1,618$1,300$546
20 years$2,835$2,292$1,839$1,466$1,161$461
21 years$2,671$2,135$1,692$1,330$1,039$390
22 years$2,523$1,993$1,559$1,209$931$330
23 years$2,388$1,864$1,440$1,102$836$279
24 years$2,264$1,746$1,331$1,005$751$237
25 years$2,150$1,639$1,233$918$676$201
26 years$2,045$1,540$1,144$839$609$170
27 years$1,949$1,450$1,062$768$549$144
28 years$1,859$1,366$987$704$496$122
29 years$1,775$1,289$919$645$447$104
30 years$1,698$1,217$856$592$404$88
31 years$1,625$1,151$798$544$366$75
32 years$1,557$1,089$744$500$331$64
33 years$1,494$1,031$695$460$299$54
34 years$1,434$977$649$423$271$46
35 years$1,378$927$607$389$245$39
36 years$1,325$880$568$358$222$33
37 years$1,275$835$532$330$202$28
38 years$1,227$794$498$304$183$24
39 years$1,183$755$466$281$166$20
40 years$1,140$718$437$259$150$17
41 years$1,100$684$410$239$136$15
42 years$1,062$651$385$220$124$13
43 years$1,025$620$361$204$112$11
44 years$991$591$339$188$102$9
45 years$958$564$318$174$93$8
46 years$927$538$299$160$84$7
47 years$897$513$281$148$76$6
48 years$868$490$264$137$69$5
49 years$840$468$248$126$63$4
50 years$814$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $834,000, adding $2,897 every year, while hoping to spend $37,396 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: 61/33/6 Blend
49$834,000$834,000$834,000$834,000
50$922,056$877,854$864,927$977,105
51$976,317$881,080$854,113$1,017,466
52$1,034,859$883,211$841,684$1,056,886
53$1,098,079$884,153$827,545$1,098,938
54$1,166,414$883,807$811,599$1,143,873
55$1,240,344$882,070$793,743$1,191,972
56$1,320,396$878,828$773,870$1,243,544
57$1,407,150$873,963$751,868$1,298,931
58$1,501,243$867,351$727,619$1,358,510
59$1,603,375$858,857$701,000$1,422,701
60$1,714,320$848,341$671,884$1,491,963
61$1,834,923$835,653$640,135$1,566,807
62$1,966,119$820,634$605,613$1,647,797
63$2,108,934$803,116$568,172$1,735,556
64$2,264,498$782,921$527,658$1,830,772
65$2,434,054$759,861$483,912$1,934,206
66$2,618,969$733,736$436,765$2,046,699
67$2,820,750$704,335$386,042$2,169,177
68$3,041,054$671,435$331,562$2,302,668
69$3,281,706$634,799$273,134$2,448,304
70$3,544,713$594,178$210,557$2,607,337
71$3,832,288$549,307$143,625$2,781,149
72$4,146,865$499,907$72,120$2,971,266
73$4,491,125$445,682$0$3,179,375
74$4,868,020$386,320$0$3,407,606
75$5,280,800$321,492$0$3,662,691
76$5,733,046$250,849$0$3,942,293
77$6,228,699$174,023$0$4,248,936
78$6,772,101$90,625$0$4,585,404
79$7,368,035$246$0$4,954,769
80$8,021,767$0$0$5,360,422
81$8,739,099$0$0$5,841,528
82$9,526,421$0$0$6,369,740
83$10,390,772$0$0$6,949,699
84$11,339,905$0$0$7,586,617
85$12,382,361$0$0$8,286,234
86$13,527,551$0$0$9,054,874
87$14,785,839$0$0$9,899,504
88$16,168,644$0$0$10,827,799
89$17,688,547$0$0$11,848,214
90$19,359,407$0$0$12,970,064
91$21,196,494$0$0$14,203,613
92$23,216,630$0$0$15,560,169
93$25,438,350$0$0$17,052,188
94$27,882,074$0$0$18,693,397
95$30,570,302$0$0$20,498,919
96$33,527,823$0$0$22,485,416
97$36,781,951$0$0$24,671,247
98$40,362,781$0$0$27,076,641
99$44,303,471$0$0$29,723,887
100$48,640,557$0$0$32,637,542