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%18.5%
1 years$68,871$68,257$67,659$67,075$66,504$64,221
2 years$34,095$33,460$32,844$32,247$31,669$29,392
3 years$22,504$21,866$21,252$20,661$20,092$17,893
4 years$16,710$16,074$15,466$14,885$14,330$12,225
5 years$13,234$12,602$12,002$11,433$10,893$8,889
6 years$10,918$10,291$9,700$9,143$8,619$6,717
7 years$9,264$8,642$8,061$7,517$7,010$5,208
8 years$8,024$7,408$6,836$6,306$5,815$4,114
9 years$7,060$6,450$5,888$5,371$4,897$3,293
10 years$6,290$5,685$5,133$4,630$4,173$2,664
11 years$5,660$5,061$4,519$4,030$3,589$2,172
12 years$5,135$4,543$4,011$3,535$3,110$1,782
13 years$4,691$4,105$3,583$3,120$2,712$1,469
14 years$4,311$3,732$3,220$2,770$2,377$1,217
15 years$3,982$3,409$2,907$2,470$2,093$1,010
16 years$3,695$3,128$2,635$2,212$1,850$842
17 years$3,441$2,880$2,398$1,987$1,640$702
18 years$3,216$2,662$2,189$1,791$1,458$587
19 years$3,015$2,467$2,004$1,618$1,300$492
20 years$2,835$2,292$1,839$1,466$1,161$412
21 years$2,671$2,135$1,692$1,330$1,039$346
22 years$2,523$1,993$1,559$1,209$931$291
23 years$2,388$1,864$1,440$1,102$836$244
24 years$2,264$1,746$1,331$1,005$751$206
25 years$2,150$1,639$1,233$918$676$173
26 years$2,045$1,540$1,144$839$609$146
27 years$1,949$1,450$1,062$768$549$123
28 years$1,859$1,366$987$704$496$103
29 years$1,775$1,289$919$645$447$87
30 years$1,698$1,217$856$592$404$73
31 years$1,625$1,151$798$544$366$62
32 years$1,557$1,089$744$500$331$52
33 years$1,494$1,031$695$460$299$44
34 years$1,434$977$649$423$271$37
35 years$1,378$927$607$389$245$31
36 years$1,325$880$568$358$222$26
37 years$1,275$835$532$330$202$22
38 years$1,227$794$498$304$183$19
39 years$1,183$755$466$281$166$16
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$10
43 years$1,025$620$361$204$112$8
44 years$991$591$339$188$102$7
45 years$958$564$318$174$93$6
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 $6,814 every year, while hoping to spend $28,924 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: 66/16/18 Blend
49$834,000$834,000$834,000$834,000
50$926,097$881,895$868,968$982,669
51$989,784$894,333$867,303$1,033,837
52$1,058,997$906,411$864,613$1,085,783
53$1,134,271$918,080$860,834$1,141,868
54$1,216,191$929,291$855,896$1,202,496
55$1,305,402$939,986$849,729$1,268,116
56$1,402,616$950,108$842,258$1,339,220
57$1,508,614$959,595$833,404$1,416,351
58$1,624,256$968,378$823,086$1,500,110
59$1,750,489$976,387$811,219$1,591,155
60$1,888,355$983,547$797,711$1,690,218
61$2,039,002$989,775$782,469$1,798,101
62$2,203,693$994,987$765,394$1,915,689
63$2,383,819$999,091$746,385$2,043,962
64$2,580,911$1,001,989$725,331$2,183,995
65$2,796,657$1,003,579$702,122$2,336,978
66$3,032,911$1,003,750$676,639$2,504,220
67$3,291,720$1,002,385$648,758$2,687,167
68$3,575,335$999,362$618,351$2,887,411
69$3,886,236$994,548$585,283$3,106,709
70$4,227,156$987,804$549,413$3,346,999
71$4,601,101$978,982$510,594$3,610,417
72$5,011,386$967,925$468,672$3,899,318
73$5,461,661$954,467$423,486$4,216,298
74$5,955,947$938,431$374,869$4,564,221
75$6,498,671$919,632$322,644$4,946,245
76$7,094,712$897,871$266,629$5,365,851
77$7,749,444$872,938$206,633$5,826,876
78$8,468,788$844,613$142,456$6,333,552
79$9,259,265$812,660$73,889$6,890,546
80$10,128,061$776,831$715$7,503,000
81$11,083,091$736,863$0$8,176,586
82$12,133,076$692,479$0$8,932,416
83$13,287,625$643,385$0$9,763,636
84$14,557,321$589,270$0$10,677,755
85$15,953,829$529,806$0$11,683,200
86$17,489,999$464,645$0$12,789,259
87$19,179,987$393,421$0$14,006,166
88$21,039,393$315,746$0$15,345,202
89$23,085,405$231,211$0$16,818,799
90$25,336,960$139,384$0$18,440,657
91$27,814,924$39,808$0$20,225,876
92$30,542,288$0$0$22,191,097
93$33,544,386$0$0$24,366,632
94$36,849,132$0$0$26,769,267
95$40,487,284$0$0$29,414,364
96$44,492,732$0$0$32,326,572
97$48,902,822$0$0$35,533,052
98$53,758,704$0$0$39,063,731
99$59,105,722$0$0$42,951,588
100$64,993,839$0$0$47,232,962