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%17.3%
1 years$69,201$68,585$67,983$67,396$66,823$64,840
2 years$34,258$33,620$33,002$32,402$31,821$29,839
3 years$22,612$21,971$21,354$20,760$20,188$18,270
4 years$16,790$16,151$15,540$14,957$14,398$12,559
5 years$13,298$12,663$12,060$11,488$10,945$9,189
6 years$10,970$10,340$9,746$9,187$8,661$6,990
7 years$9,308$8,684$8,099$7,553$7,044$5,457
8 years$8,063$7,443$6,869$6,336$5,843$4,341
9 years$7,094$6,481$5,916$5,397$4,921$3,501
10 years$6,320$5,712$5,158$4,652$4,193$2,853
11 years$5,687$5,086$4,541$4,049$3,606$2,344
12 years$5,160$4,564$4,030$3,551$3,125$1,939
13 years$4,714$4,125$3,600$3,135$2,725$1,612
14 years$4,332$3,749$3,235$2,783$2,389$1,346
15 years$4,002$3,425$2,921$2,482$2,103$1,127
16 years$3,713$3,143$2,648$2,223$1,859$947
17 years$3,458$2,894$2,410$1,997$1,648$797
18 years$3,232$2,674$2,200$1,800$1,465$673
19 years$3,030$2,479$2,014$1,626$1,306$568
20 years$2,848$2,303$1,848$1,473$1,167$481
21 years$2,684$2,145$1,700$1,337$1,044$408
22 years$2,535$2,003$1,567$1,215$936$346
23 years$2,399$1,873$1,447$1,107$840$293
24 years$2,275$1,755$1,338$1,009$755$249
25 years$2,160$1,647$1,239$922$679$212
26 years$2,055$1,548$1,149$843$612$180
27 years$1,958$1,457$1,067$772$552$153
28 years$1,868$1,373$992$707$498$130
29 years$1,784$1,295$923$648$450$111
30 years$1,706$1,223$860$595$406$94
31 years$1,633$1,156$802$546$367$80
32 years$1,565$1,094$748$502$332$68
33 years$1,501$1,036$698$462$301$58
34 years$1,441$982$653$425$272$50
35 years$1,384$931$610$391$247$42
36 years$1,331$884$571$360$223$36
37 years$1,281$839$534$332$202$31
38 years$1,233$798$500$306$184$26
39 years$1,188$759$469$282$166$22
40 years$1,146$722$439$260$151$19
41 years$1,105$687$412$240$137$16
42 years$1,067$654$386$222$124$14
43 years$1,030$623$363$204$113$12
44 years$996$594$340$189$102$10
45 years$963$567$320$174$93$9
46 years$931$541$300$161$84$7
47 years$901$516$282$149$77$6
48 years$872$492$265$138$70$5
49 years$845$470$249$127$63$5
50 years$818$449$234$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $838,000, adding $6,499 every year, while hoping to spend $22,353 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: 63/13/24 Blend
49$838,000$838,000$838,000$838,000
50$930,180$885,766$872,777$982,535
51$1,001,275$905,385$878,231$1,038,320
52$1,078,872$925,216$883,119$1,096,168
53$1,163,612$945,246$887,399$1,158,853
54$1,256,198$965,461$891,024$1,226,851
55$1,357,405$985,844$893,949$1,300,685
56$1,468,087$1,006,377$896,123$1,380,933
57$1,589,185$1,027,042$897,495$1,468,234
58$1,721,731$1,047,817$898,011$1,563,287
59$1,866,867$1,068,679$897,614$1,666,869
60$2,025,846$1,089,603$896,243$1,779,831
61$2,200,051$1,110,562$893,836$1,903,113
62$2,391,003$1,131,527$890,326$2,037,753
63$2,600,379$1,152,465$885,645$2,184,891
64$2,830,024$1,173,342$879,720$2,345,787
65$3,081,971$1,194,121$872,476$2,521,829
66$3,358,461$1,214,761$863,832$2,714,546
67$3,661,959$1,235,220$853,706$2,925,625
68$3,995,184$1,255,451$842,010$3,156,925
69$4,361,129$1,275,403$828,654$3,410,493
70$4,763,090$1,295,025$813,540$3,688,589
71$5,204,701$1,314,257$796,569$3,993,701
72$5,689,964$1,333,038$777,637$4,328,574
73$6,223,286$1,351,303$756,634$4,696,233
74$6,809,525$1,368,980$733,445$5,100,010
75$7,454,031$1,385,995$707,950$5,543,582
76$8,162,700$1,402,267$680,024$6,030,999
77$8,942,026$1,417,709$649,536$6,566,726
78$9,799,166$1,432,230$616,349$7,155,684
79$10,742,003$1,445,731$580,318$7,803,299
80$11,779,224$1,458,109$541,296$8,515,549
81$12,920,401$1,469,251$499,125$9,299,026
82$14,176,077$1,479,040$453,641$10,160,995
83$15,557,873$1,487,350$404,674$11,109,462
84$17,078,591$1,494,045$352,046$12,153,254
85$18,752,338$1,498,983$295,570$13,302,099
86$20,594,656$1,502,013$235,051$14,566,718
87$22,622,673$1,502,974$170,287$15,958,930
88$24,855,259$1,501,693$101,065$17,491,760
89$27,313,209$1,497,989$27,164$19,179,567
90$30,019,435$1,491,669$0$21,038,173
91$32,999,184$1,482,528$0$23,098,258
92$36,280,278$1,470,349$0$25,374,091
93$39,893,372$1,454,902$0$27,879,958
94$43,872,245$1,435,941$0$30,639,278
95$48,254,120$1,413,208$0$33,677,857
96$53,080,014$1,386,429$0$37,024,134
97$58,395,125$1,355,313$0$40,709,447
98$64,249,256$1,319,553$0$44,768,331
99$70,697,291$1,278,821$0$49,238,844
100$77,799,705$1,232,774$0$54,162,925