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%14.1%
1 years$69,201$68,585$67,983$67,396$66,823$65,689
2 years$34,258$33,620$33,002$32,402$31,821$30,682
3 years$22,612$21,971$21,354$20,760$20,188$19,080
4 years$16,790$16,151$15,540$14,957$14,398$13,329
5 years$13,298$12,663$12,060$11,488$10,945$9,918
6 years$10,970$10,340$9,746$9,187$8,661$7,677
7 years$9,308$8,684$8,099$7,553$7,044$6,103
8 years$8,063$7,443$6,869$6,336$5,843$4,946
9 years$7,094$6,481$5,916$5,397$4,921$4,066
10 years$6,320$5,712$5,158$4,652$4,193$3,381
11 years$5,687$5,086$4,541$4,049$3,606$2,835
12 years$5,160$4,564$4,030$3,551$3,125$2,394
13 years$4,714$4,125$3,600$3,135$2,725$2,033
14 years$4,332$3,749$3,235$2,783$2,389$1,735
15 years$4,002$3,425$2,921$2,482$2,103$1,486
16 years$3,713$3,143$2,648$2,223$1,859$1,277
17 years$3,458$2,894$2,410$1,997$1,648$1,101
18 years$3,232$2,674$2,200$1,800$1,465$951
19 years$3,030$2,479$2,014$1,626$1,306$823
20 years$2,848$2,303$1,848$1,473$1,167$713
21 years$2,684$2,145$1,700$1,337$1,044$619
22 years$2,535$2,003$1,567$1,215$936$538
23 years$2,399$1,873$1,447$1,107$840$468
24 years$2,275$1,755$1,338$1,009$755$408
25 years$2,160$1,647$1,239$922$679$356
26 years$2,055$1,548$1,149$843$612$310
27 years$1,958$1,457$1,067$772$552$271
28 years$1,868$1,373$992$707$498$236
29 years$1,784$1,295$923$648$450$207
30 years$1,706$1,223$860$595$406$181
31 years$1,633$1,156$802$546$367$158
32 years$1,565$1,094$748$502$332$138
33 years$1,501$1,036$698$462$301$121
34 years$1,441$982$653$425$272$106
35 years$1,384$931$610$391$247$92
36 years$1,331$884$571$360$223$81
37 years$1,281$839$534$332$202$71
38 years$1,233$798$500$306$184$62
39 years$1,188$759$469$282$166$54
40 years$1,146$722$439$260$151$48
41 years$1,105$687$412$240$137$42
42 years$1,067$654$386$222$124$37
43 years$1,030$623$363$204$113$32
44 years$996$594$340$189$102$28
45 years$963$567$320$174$93$25
46 years$931$541$300$161$84$22
47 years$901$516$282$149$77$19
48 years$872$492$265$138$70$17
49 years$845$470$249$127$63$14
50 years$818$449$234$117$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $838,000, adding $2,084 every year, while hoping to spend $29,212 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: 70/23/7 Blend
49$838,000$838,000$838,000$838,000
50$925,626$881,212$868,223$989,266
51$988,958$893,310$866,227$1,043,721
52$1,057,771$905,021$863,185$1,099,492
53$1,132,594$916,297$859,031$1,159,716
54$1,214,006$927,084$853,697$1,224,823
55$1,302,648$937,324$847,109$1,295,287
56$1,399,224$946,958$839,192$1,371,631
57$1,504,506$955,921$829,867$1,454,431
58$1,619,348$964,144$819,050$1,544,322
59$1,744,688$971,553$806,654$1,642,003
60$1,881,557$978,070$792,589$1,748,245
61$2,031,093$983,612$776,757$1,863,899
62$2,194,547$988,091$759,060$1,989,901
63$2,373,295$991,413$739,394$2,127,283
64$2,568,856$993,476$717,648$2,277,184
65$2,782,898$994,175$693,708$2,440,858
66$3,017,261$993,398$667,455$2,619,687
67$3,273,970$991,023$638,763$2,815,196
68$3,555,256$986,923$607,502$3,029,066
69$3,863,574$980,964$573,535$3,263,148
70$4,201,629$973,002$536,719$3,519,485
71$4,572,401$962,885$496,905$3,800,327
72$4,979,171$950,452$453,937$4,108,156
73$5,425,554$935,531$407,651$4,445,707
74$5,915,531$917,943$357,878$4,815,995
75$6,453,487$897,494$304,439$5,222,345
76$7,044,254$873,983$247,149$5,668,421
77$7,693,153$847,194$185,814$6,158,262
78$8,406,048$816,899$120,232$6,696,321
79$9,189,395$782,857$50,190$7,287,508
80$10,050,311$744,815$0$7,937,232
81$10,996,634$702,502$0$8,653,294
82$12,036,999$655,633$0$9,444,555
83$13,180,920$603,906$0$10,314,529
84$14,438,880$547,004$0$11,271,224
85$15,822,428$484,589$0$12,323,468
86$17,344,287$416,305$0$13,480,991
87$19,018,477$341,777$0$14,754,516
88$20,860,444$260,606$0$16,155,863
89$22,887,207$172,373$0$17,698,060
90$25,117,518$76,636$0$19,395,464
91$27,572,040$0$0$21,263,901
92$30,273,537$0$0$23,327,666
93$33,247,095$0$0$25,620,671
94$36,520,355$0$0$28,144,840
95$40,123,772$0$0$30,923,666
96$44,090,904$0$0$33,983,036
97$48,458,732$0$0$37,351,475
98$53,268,000$0$0$41,060,412
99$58,563,608$0$0$45,144,483
100$64,395,030$0$0$49,641,849