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%11.3%
1 years$68,871$68,257$67,659$67,075$66,504$66,141
2 years$34,095$33,460$32,844$32,247$31,669$31,302
3 years$22,504$21,866$21,252$20,661$20,092$19,733
4 years$16,710$16,074$15,466$14,885$14,330$13,982
5 years$13,234$12,602$12,002$11,433$10,893$10,557
6 years$10,918$10,291$9,700$9,143$8,619$8,296
7 years$9,264$8,642$8,061$7,517$7,010$6,698
8 years$8,024$7,408$6,836$6,306$5,815$5,516
9 years$7,060$6,450$5,888$5,371$4,897$4,611
10 years$6,290$5,685$5,133$4,630$4,173$3,899
11 years$5,660$5,061$4,519$4,030$3,589$3,327
12 years$5,135$4,543$4,011$3,535$3,110$2,860
13 years$4,691$4,105$3,583$3,120$2,712$2,473
14 years$4,311$3,732$3,220$2,770$2,377$2,150
15 years$3,982$3,409$2,907$2,470$2,093$1,877
16 years$3,695$3,128$2,635$2,212$1,850$1,644
17 years$3,441$2,880$2,398$1,987$1,640$1,445
18 years$3,216$2,662$2,189$1,791$1,458$1,273
19 years$3,015$2,467$2,004$1,618$1,300$1,125
20 years$2,835$2,292$1,839$1,466$1,161$995
21 years$2,671$2,135$1,692$1,330$1,039$882
22 years$2,523$1,993$1,559$1,209$931$783
23 years$2,388$1,864$1,440$1,102$836$696
24 years$2,264$1,746$1,331$1,005$751$620
25 years$2,150$1,639$1,233$918$676$552
26 years$2,045$1,540$1,144$839$609$492
27 years$1,949$1,450$1,062$768$549$440
28 years$1,859$1,366$987$704$496$393
29 years$1,775$1,289$919$645$447$351
30 years$1,698$1,217$856$592$404$314
31 years$1,625$1,151$798$544$366$281
32 years$1,557$1,089$744$500$331$251
33 years$1,494$1,031$695$460$299$225
34 years$1,434$977$649$423$271$201
35 years$1,378$927$607$389$245$181
36 years$1,325$880$568$358$222$162
37 years$1,275$835$532$330$202$145
38 years$1,227$794$498$304$183$130
39 years$1,183$755$466$281$166$117
40 years$1,140$718$437$259$150$105
41 years$1,100$684$410$239$136$94
42 years$1,062$651$385$220$124$84
43 years$1,025$620$361$204$112$76
44 years$991$591$339$188$102$68
45 years$958$564$318$174$93$61
46 years$927$538$299$160$84$55
47 years$897$513$281$148$76$49
48 years$868$490$264$137$69$44
49 years$840$468$248$126$63$40
50 years$814$447$233$117$57$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $834,000, adding $3,664 every year, while hoping to spend $55,013 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: 60/10/30 Blend
49$834,000$834,000$834,000$834,000
50$922,847$878,645$865,718$970,485
51$958,444$863,166$836,187$987,987
52$995,829$845,084$803,822$1,000,914
53$1,035,124$824,214$768,471$1,013,891
54$1,076,466$800,359$729,973$1,026,937
55$1,120,001$773,312$688,163$1,040,076
56$1,165,889$742,853$642,865$1,053,336
57$1,214,305$708,748$593,896$1,066,752
58$1,265,438$670,751$541,066$1,080,365
59$1,319,496$628,601$484,175$1,094,222
60$1,376,705$582,022$423,015$1,108,380
61$1,437,312$530,724$357,369$1,122,904
62$1,501,586$474,398$287,009$1,137,870
63$1,569,823$412,719$211,699$1,153,366
64$1,642,346$345,343$131,191$1,169,492
65$1,719,505$271,905$45,227$1,186,363
66$1,801,689$192,023$0$1,204,112
67$1,889,320$105,290$0$1,237,776
68$1,982,861$11,279$0$1,289,055
69$2,082,818$0$0$1,343,743
70$2,189,750$0$0$1,412,114
71$2,304,264$0$0$1,486,704
72$2,427,031$0$0$1,566,716
73$2,558,783$0$0$1,652,632
74$2,700,326$0$0$1,744,985
75$2,852,544$0$0$1,844,356
76$3,016,406$0$0$1,951,387
77$3,192,979$0$0$2,066,781
78$3,383,433$0$0$2,191,310
79$3,589,054$0$0$2,325,823
80$3,811,254$0$0$2,471,253
81$4,051,585$0$0$2,628,625
82$4,311,756$0$0$2,799,066
83$4,593,642$0$0$2,983,815
84$4,899,305$0$0$3,184,234
85$5,231,016$0$0$3,401,823
86$5,591,268$0$0$3,638,228
87$5,982,807$0$0$3,895,264
88$6,408,651$0$0$4,174,925
89$6,872,123$0$0$4,479,404
90$7,376,877$0$0$4,811,118
91$7,926,936$0$0$5,172,723
92$8,526,726$0$0$5,567,144
93$9,181,119$0$0$5,997,601
94$9,895,476$0$0$6,467,636
95$10,675,702$0$0$6,981,150
96$11,528,293$0$0$7,542,439
97$12,460,404$0$0$8,156,228
98$13,479,912$0$0$8,827,725
99$14,595,489$0$0$9,562,661
100$15,816,684$0$0$10,367,347