Can I retire at age 50 with 838,000?

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 $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%19.6%
1 years$69,201$68,585$67,983$67,396$66,823$64,248
2 years$34,258$33,620$33,002$32,402$31,821$29,257
3 years$22,612$21,971$21,354$20,760$20,188$17,717
4 years$16,790$16,151$15,540$14,957$14,398$12,038
5 years$13,298$12,663$12,060$11,488$10,945$8,702
6 years$10,970$10,340$9,746$9,187$8,661$6,536
7 years$9,308$8,684$8,099$7,553$7,044$5,036
8 years$8,063$7,443$6,869$6,336$5,843$3,952
9 years$7,094$6,481$5,916$5,397$4,921$3,143
10 years$6,320$5,712$5,158$4,652$4,193$2,524
11 years$5,687$5,086$4,541$4,049$3,606$2,044
12 years$5,160$4,564$4,030$3,551$3,125$1,664
13 years$4,714$4,125$3,600$3,135$2,725$1,362
14 years$4,332$3,749$3,235$2,783$2,389$1,119
15 years$4,002$3,425$2,921$2,482$2,103$922
16 years$3,713$3,143$2,648$2,223$1,859$762
17 years$3,458$2,894$2,410$1,997$1,648$631
18 years$3,232$2,674$2,200$1,800$1,465$523
19 years$3,030$2,479$2,014$1,626$1,306$434
20 years$2,848$2,303$1,848$1,473$1,167$361
21 years$2,684$2,145$1,700$1,337$1,044$301
22 years$2,535$2,003$1,567$1,215$936$250
23 years$2,399$1,873$1,447$1,107$840$209
24 years$2,275$1,755$1,338$1,009$755$174
25 years$2,160$1,647$1,239$922$679$145
26 years$2,055$1,548$1,149$843$612$121
27 years$1,958$1,457$1,067$772$552$101
28 years$1,868$1,373$992$707$498$84
29 years$1,784$1,295$923$648$450$71
30 years$1,706$1,223$860$595$406$59
31 years$1,633$1,156$802$546$367$49
32 years$1,565$1,094$748$502$332$41
33 years$1,501$1,036$698$462$301$34
34 years$1,441$982$653$425$272$29
35 years$1,384$931$610$391$247$24
36 years$1,331$884$571$360$223$20
37 years$1,281$839$534$332$202$17
38 years$1,233$798$500$306$184$14
39 years$1,188$759$469$282$166$12
40 years$1,146$722$439$260$151$10
41 years$1,105$687$412$240$137$8
42 years$1,067$654$386$222$124$7
43 years$1,030$623$363$204$113$6
44 years$996$594$340$189$102$5
45 years$963$567$320$174$93$4
46 years$931$541$300$161$84$3
47 years$901$516$282$149$77$3
48 years$872$492$265$138$70$2
49 years$845$470$249$127$63$2
50 years$818$449$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $838,000, adding $5,263 every year, while hoping to spend $43,448 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: 56/31/13 Blend
49$838,000$838,000$838,000$838,000
50$928,905$884,491$871,502$977,548
51$977,425$881,602$854,469$1,008,223
52$1,029,438$877,116$835,409$1,036,413
53$1,085,254$870,909$814,209$1,066,106
54$1,145,213$862,847$790,749$1,097,454
55$1,209,691$852,793$764,904$1,130,625
56$1,279,097$840,597$736,546$1,165,807
57$1,353,882$826,103$705,537$1,203,209
58$1,434,540$809,145$671,736$1,243,064
59$1,521,617$789,546$634,992$1,285,629
60$1,615,709$767,121$595,152$1,331,194
61$1,717,474$741,673$552,052$1,380,076
62$1,827,633$712,991$505,522$1,432,631
63$1,946,980$680,856$455,385$1,489,253
64$2,076,387$645,034$401,456$1,550,380
65$2,216,815$605,277$343,541$1,616,498
66$2,369,319$561,323$281,438$1,688,147
67$2,535,059$512,898$214,936$1,765,924
68$2,715,312$459,708$143,814$1,850,493
69$2,911,485$401,444$67,843$1,942,590
70$3,125,122$337,780$0$2,043,031
71$3,357,925$268,372$0$2,154,556
72$3,611,767$192,855$0$2,286,493
73$3,888,707$110,845$0$2,430,568
74$4,191,014$21,936$0$2,588,049
75$4,521,184$0$0$2,760,337
76$4,881,967$0$0$2,974,327
77$5,276,388$0$0$3,216,521
78$5,707,778$0$0$3,481,492
79$6,179,805$0$0$3,771,501
80$6,696,509$0$0$4,089,041
81$7,262,338$0$0$4,436,854
82$7,882,188$0$0$4,817,963
83$8,561,455$0$0$5,235,694
84$9,306,079$0$0$5,693,712
85$10,122,601$0$0$6,196,053
86$11,018,229$0$0$6,747,162
87$12,000,900$0$0$7,351,937
88$13,079,355$0$0$8,015,771
89$14,263,226$0$0$8,744,604
90$15,563,119$0$0$9,544,982
91$16,990,720$0$0$10,424,115
92$18,558,901$0$0$11,389,943
93$20,281,844$0$0$12,451,217
94$22,175,169$0$0$13,617,575
95$24,256,088$0$0$14,899,636
96$26,543,561$0$0$16,309,099
97$29,058,477$0$0$17,858,852
98$31,823,849$0$0$19,563,097
99$34,865,034$0$0$21,437,478
100$38,209,967$0$0$23,499,232