Can I retire at age 50 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$69,366$68,749$68,146$67,557$66,983$66,311
2 years$34,340$33,700$33,080$32,479$31,897$31,220
3 years$22,666$22,023$21,405$20,810$20,236$19,576
4 years$16,830$16,190$15,578$14,992$14,433$13,793
5 years$13,329$12,693$12,089$11,516$10,972$10,355
6 years$10,996$10,365$9,770$9,209$8,681$8,089
7 years$9,331$8,704$8,119$7,571$7,060$6,492
8 years$8,082$7,461$6,885$6,351$5,857$5,313
9 years$7,111$6,496$5,930$5,410$4,933$4,412
10 years$6,335$5,726$5,170$4,663$4,203$3,706
11 years$5,700$5,098$4,552$4,059$3,615$3,141
12 years$5,172$4,575$4,039$3,560$3,132$2,682
13 years$4,725$4,135$3,609$3,143$2,731$2,303
14 years$4,342$3,758$3,243$2,790$2,394$1,987
15 years$4,011$3,433$2,928$2,488$2,108$1,722
16 years$3,722$3,150$2,654$2,228$1,863$1,498
17 years$3,466$2,901$2,415$2,002$1,652$1,306
18 years$3,240$2,681$2,205$1,804$1,469$1,142
19 years$3,037$2,484$2,019$1,630$1,309$1,001
20 years$2,855$2,309$1,853$1,476$1,169$879
21 years$2,690$2,150$1,704$1,340$1,047$773
22 years$2,541$2,007$1,570$1,218$938$680
23 years$2,405$1,877$1,450$1,109$842$600
24 years$2,280$1,759$1,341$1,012$757$529
25 years$2,166$1,651$1,242$924$681$468
26 years$2,060$1,551$1,152$845$613$413
27 years$1,963$1,460$1,070$773$553$366
28 years$1,872$1,376$994$709$499$324
29 years$1,788$1,298$925$650$451$287
30 years$1,710$1,226$862$596$407$254
31 years$1,637$1,159$804$548$368$225
32 years$1,568$1,096$750$503$333$200
33 years$1,504$1,038$700$463$301$177
34 years$1,444$984$654$426$273$157
35 years$1,387$933$612$392$247$140
36 years$1,334$886$572$361$224$124
37 years$1,284$841$535$333$203$110
38 years$1,236$800$501$307$184$98
39 years$1,191$760$470$283$167$87
40 years$1,148$723$440$261$151$77
41 years$1,108$689$413$241$137$69
42 years$1,069$656$387$222$125$61
43 years$1,033$625$363$205$113$54
44 years$998$596$341$189$103$48
45 years$965$568$320$175$93$43
46 years$933$542$301$161$85$38
47 years$903$517$283$149$77$34
48 years$874$494$266$138$70$30
49 years$847$471$250$127$63$27
50 years$820$450$235$118$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $840,000, adding $6,788 every year, while hoping to spend $23,009 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: 64/23/13 Blend
49$840,000$840,000$840,000$840,000
50$932,682$888,162$875,142$989,102
51$1,003,334$907,200$879,978$1,046,722
52$1,080,421$926,401$884,204$1,106,353
53$1,164,576$945,746$887,777$1,170,917
54$1,256,495$965,219$890,649$1,240,896
55$1,356,942$984,800$892,771$1,316,818
56$1,466,762$1,004,467$894,091$1,399,265
57$1,586,884$1,024,198$894,555$1,488,879
58$1,718,329$1,043,966$894,105$1,586,369
59$1,862,223$1,063,745$892,682$1,692,513
60$2,019,806$1,083,505$890,223$1,808,170
61$2,192,443$1,103,213$886,662$1,934,287
62$2,381,637$1,122,836$881,931$2,071,905
63$2,589,044$1,142,335$875,956$2,222,175
64$2,816,489$1,161,672$868,662$2,386,363
65$3,065,978$1,180,801$859,970$2,565,864
66$3,339,725$1,199,677$849,796$2,762,215
67$3,640,166$1,218,251$838,053$2,977,113
68$3,969,985$1,236,467$824,650$3,212,425
69$4,332,139$1,254,270$809,492$3,470,210
70$4,729,886$1,271,597$792,478$3,752,736
71$5,166,812$1,288,384$773,504$4,062,505
72$5,646,871$1,304,559$752,460$4,402,272
73$6,174,417$1,320,047$729,233$4,775,075
74$6,754,247$1,334,769$703,701$5,184,263
75$7,391,646$1,348,638$675,741$5,633,524
76$8,092,436$1,361,563$645,221$6,126,927
77$8,863,032$1,373,448$612,003$6,668,953
78$9,710,502$1,384,187$575,946$7,264,543
79$10,642,632$1,393,671$536,899$7,919,141
80$11,668,001$1,401,782$494,706$8,638,751
81$12,796,063$1,408,395$449,204$9,429,986
82$14,037,231$1,413,377$400,223$10,300,136
83$15,402,982$1,416,585$347,583$11,257,238
84$16,905,959$1,417,871$291,100$12,310,147
85$18,560,094$1,417,073$230,579$13,468,625
86$20,380,737$1,414,023$165,816$14,743,430
87$22,384,801$1,408,540$96,601$16,146,419
88$24,590,926$1,400,433$22,712$17,690,662
89$27,019,645$1,389,499$0$19,390,561
90$29,693,588$1,375,524$0$21,269,780
91$32,637,688$1,358,278$0$23,341,896
92$35,879,420$1,337,522$0$25,623,075
93$39,449,059$1,312,998$0$28,134,605
94$43,379,963$1,284,435$0$30,899,951
95$47,708,894$1,251,547$0$33,944,967
96$52,476,357$1,214,028$0$37,298,150
97$57,726,987$1,171,558$0$40,990,902
98$63,509,970$1,123,795$0$45,057,828
99$69,879,505$1,070,378$0$49,537,069
100$76,895,315$1,010,927$0$54,470,653