Can I retire at age 50 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$69,201$68,585$67,983$67,396$66,823$65,934
2 years$34,258$33,620$33,002$32,402$31,821$30,926
3 years$22,612$21,971$21,354$20,760$20,188$19,316
4 years$16,790$16,151$15,540$14,957$14,398$13,555
5 years$13,298$12,663$12,060$11,488$10,945$10,134
6 years$10,970$10,340$9,746$9,187$8,661$7,882
7 years$9,308$8,684$8,099$7,553$7,044$6,298
8 years$8,063$7,443$6,869$6,336$5,843$5,131
9 years$7,094$6,481$5,916$5,397$4,921$4,241
10 years$6,320$5,712$5,158$4,652$4,193$3,545
11 years$5,687$5,086$4,541$4,049$3,606$2,990
12 years$5,160$4,564$4,030$3,551$3,125$2,539
13 years$4,714$4,125$3,600$3,135$2,725$2,169
14 years$4,332$3,749$3,235$2,783$2,389$1,862
15 years$4,002$3,425$2,921$2,482$2,103$1,605
16 years$3,713$3,143$2,648$2,223$1,859$1,388
17 years$3,458$2,894$2,410$1,997$1,648$1,204
18 years$3,232$2,674$2,200$1,800$1,465$1,047
19 years$3,030$2,479$2,014$1,626$1,306$912
20 years$2,848$2,303$1,848$1,473$1,167$796
21 years$2,684$2,145$1,700$1,337$1,044$695
22 years$2,535$2,003$1,567$1,215$936$609
23 years$2,399$1,873$1,447$1,107$840$533
24 years$2,275$1,755$1,338$1,009$755$468
25 years$2,160$1,647$1,239$922$679$411
26 years$2,055$1,548$1,149$843$612$361
27 years$1,958$1,457$1,067$772$552$317
28 years$1,868$1,373$992$707$498$279
29 years$1,784$1,295$923$648$450$246
30 years$1,706$1,223$860$595$406$216
31 years$1,633$1,156$802$546$367$190
32 years$1,565$1,094$748$502$332$168
33 years$1,501$1,036$698$462$301$148
34 years$1,441$982$653$425$272$130
35 years$1,384$931$610$391$247$115
36 years$1,331$884$571$360$223$101
37 years$1,281$839$534$332$202$89
38 years$1,233$798$500$306$184$79
39 years$1,188$759$469$282$166$70
40 years$1,146$722$439$260$151$62
41 years$1,105$687$412$240$137$54
42 years$1,067$654$386$222$124$48
43 years$1,030$623$363$204$113$42
44 years$996$594$340$189$102$37
45 years$963$567$320$174$93$33
46 years$931$541$300$161$84$29
47 years$901$516$282$149$77$26
48 years$872$492$265$138$70$23
49 years$845$470$249$127$63$20
50 years$818$449$234$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $838,000, adding $5,771 every year, while hoping to spend $51,721 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: 40/45/15 Blend
49$838,000$838,000$838,000$838,000
50$929,429$885,015$872,026$962,245
51$969,200$873,350$846,208$974,407
52$1,011,294$859,380$817,792$982,080
53$1,055,894$842,937$786,635$989,269
54$1,103,198$823,844$752,591$995,955
55$1,153,425$801,913$715,504$1,002,123
56$1,206,813$776,946$675,211$1,007,757
57$1,263,622$748,730$631,545$1,012,847
58$1,324,138$717,044$584,328$1,017,387
59$1,388,672$681,652$533,375$1,021,374
60$1,457,567$642,303$478,494$1,024,811
61$1,531,198$598,735$419,483$1,027,709
62$1,609,976$550,669$356,131$1,030,084
63$1,694,351$497,809$288,219$1,031,961
64$1,784,816$439,843$215,516$1,033,375
65$1,881,915$376,443$137,784$1,034,374
66$1,986,243$307,261$54,771$1,035,017
67$2,098,451$231,928$0$1,035,377
68$2,219,257$150,057$0$1,040,957
69$2,349,449$61,237$0$1,056,163
70$2,489,891$0$0$1,072,393
71$2,641,532$0$0$1,107,166
72$2,805,418$0$0$1,177,605
73$2,982,696$0$0$1,253,889
74$3,174,626$0$0$1,336,575
75$3,382,596$0$0$1,426,269
76$3,608,130$0$0$1,523,644
77$3,852,904$0$0$1,629,436
78$4,118,762$0$0$1,744,455
79$4,407,733$0$0$1,869,594
80$4,722,048$0$0$2,005,834
81$5,064,162$0$0$2,154,255
82$5,436,777$0$0$2,316,046
83$5,842,864$0$0$2,492,514
84$6,285,696$0$0$2,685,099
85$6,768,872$0$0$2,895,385
86$7,296,357$0$0$3,125,118
87$7,872,513$0$0$3,376,217
88$8,502,142$0$0$3,650,797
89$9,190,532$0$0$3,951,186
90$9,943,505$0$0$4,279,946
91$10,767,470$0$0$4,639,901
92$11,669,487$0$0$5,034,158
93$12,657,327$0$0$5,466,141
94$13,739,549$0$0$5,939,618
95$14,925,580$0$0$6,458,742
96$16,225,801$0$0$7,028,086
97$17,651,646$0$0$7,652,684
98$19,215,707$0$0$8,338,085
99$20,931,856$0$0$9,090,399
100$22,815,371$0$0$9,916,357