Can I retire at age 50 with 834,000?

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 $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%18.7%
1 years$68,871$68,257$67,659$67,075$66,504$64,170
2 years$34,095$33,460$32,844$32,247$31,669$29,342
3 years$22,504$21,866$21,252$20,661$20,092$17,845
4 years$16,710$16,074$15,466$14,885$14,330$12,180
5 years$13,234$12,602$12,002$11,433$10,893$8,847
6 years$10,918$10,291$9,700$9,143$8,619$6,677
7 years$9,264$8,642$8,061$7,517$7,010$5,172
8 years$8,024$7,408$6,836$6,306$5,815$4,080
9 years$7,060$6,450$5,888$5,371$4,897$3,263
10 years$6,290$5,685$5,133$4,630$4,173$2,636
11 years$5,660$5,061$4,519$4,030$3,589$2,146
12 years$5,135$4,543$4,011$3,535$3,110$1,759
13 years$4,691$4,105$3,583$3,120$2,712$1,448
14 years$4,311$3,732$3,220$2,770$2,377$1,197
15 years$3,982$3,409$2,907$2,470$2,093$993
16 years$3,695$3,128$2,635$2,212$1,850$826
17 years$3,441$2,880$2,398$1,987$1,640$688
18 years$3,216$2,662$2,189$1,791$1,458$575
19 years$3,015$2,467$2,004$1,618$1,300$480
20 years$2,835$2,292$1,839$1,466$1,161$402
21 years$2,671$2,135$1,692$1,330$1,039$337
22 years$2,523$1,993$1,559$1,209$931$283
23 years$2,388$1,864$1,440$1,102$836$237
24 years$2,264$1,746$1,331$1,005$751$199
25 years$2,150$1,639$1,233$918$676$167
26 years$2,045$1,540$1,144$839$609$141
27 years$1,949$1,450$1,062$768$549$118
28 years$1,859$1,366$987$704$496$100
29 years$1,775$1,289$919$645$447$84
30 years$1,698$1,217$856$592$404$71
31 years$1,625$1,151$798$544$366$59
32 years$1,557$1,089$744$500$331$50
33 years$1,494$1,031$695$460$299$42
34 years$1,434$977$649$423$271$35
35 years$1,378$927$607$389$245$30
36 years$1,325$880$568$358$222$25
37 years$1,275$835$532$330$202$21
38 years$1,227$794$498$304$183$18
39 years$1,183$755$466$281$166$15
40 years$1,140$718$437$259$150$13
41 years$1,100$684$410$239$136$11
42 years$1,062$651$385$220$124$9
43 years$1,025$620$361$204$112$8
44 years$991$591$339$188$102$6
45 years$958$564$318$174$93$5
46 years$927$538$299$160$84$5
47 years$897$513$281$148$76$4
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$3
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $834,000, adding $2,880 every year, while hoping to spend $42,963 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: 82/10/8 Blend
49$834,000$834,000$834,000$834,000
50$922,039$877,837$864,910$996,516
51$970,374$875,138$848,172$1,042,968
52$1,022,200$870,868$829,433$1,087,934
53$1,077,827$864,903$808,582$1,135,986
54$1,137,596$857,114$785,500$1,187,410
55$1,201,881$847,362$760,064$1,242,519
56$1,271,093$835,503$732,146$1,301,658
57$1,345,682$821,381$701,611$1,365,207
58$1,426,146$804,833$668,319$1,433,587
59$1,513,028$785,684$632,123$1,507,259
60$1,606,926$763,752$592,869$1,586,731
61$1,708,499$738,842$550,396$1,672,565
62$1,818,468$710,748$504,536$1,765,378
63$1,937,629$679,252$455,115$1,865,851
64$2,066,855$644,123$401,950$1,974,735
65$2,207,107$605,118$344,848$2,092,856
66$2,359,442$561,979$283,610$2,221,126
67$2,525,022$514,433$218,028$2,360,551
68$2,705,126$462,192$147,884$2,512,236
69$2,901,162$404,952$72,951$2,677,404
70$3,114,676$342,390$0$2,857,400
71$3,347,373$274,168$0$3,054,306
72$3,601,128$199,925$0$3,275,844
73$3,878,004$119,282$0$3,517,605
74$4,180,272$31,839$0$3,781,598
75$4,510,434$0$0$4,070,040
76$4,871,240$0$0$4,392,283
77$5,265,723$0$0$4,748,452
78$5,697,217$0$0$5,138,057
79$6,169,397$0$0$5,564,417
80$6,686,308$0$0$6,031,188
81$7,252,405$0$0$6,542,394
82$7,872,592$0$0$7,102,468
83$8,552,272$0$0$7,716,291
84$9,297,394$0$0$8,389,240
85$10,114,513$0$0$9,127,234
86$11,010,844$0$0$9,936,796
87$11,994,337$0$0$10,825,109
88$13,073,748$0$0$11,800,085
89$14,258,724$0$0$12,870,439
90$15,559,887$0$0$14,045,772
91$16,988,943$0$0$15,336,658
92$18,558,784$0$0$16,754,750
93$20,283,613$0$0$18,312,879
94$22,179,077$0$0$20,025,186
95$24,262,414$0$0$21,907,246
96$26,552,616$0$0$23,976,221
97$29,070,604$0$0$26,251,016
98$31,839,430$0$0$28,752,460
99$34,884,491$0$0$31,503,503
100$38,233,767$0$0$34,529,428