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%16.9%
1 years$69,366$68,749$68,146$67,557$66,983$65,100
2 years$34,340$33,700$33,080$32,479$31,897$30,014
3 years$22,666$22,023$21,405$20,810$20,236$18,413
4 years$16,830$16,190$15,578$14,992$14,433$12,682
5 years$13,329$12,693$12,089$11,516$10,972$9,299
6 years$10,996$10,365$9,770$9,209$8,681$7,089
7 years$9,331$8,704$8,119$7,571$7,060$5,547
8 years$8,082$7,461$6,885$6,351$5,857$4,423
9 years$7,111$6,496$5,930$5,410$4,933$3,576
10 years$6,335$5,726$5,170$4,663$4,203$2,921
11 years$5,700$5,098$4,552$4,059$3,615$2,407
12 years$5,172$4,575$4,039$3,560$3,132$1,996
13 years$4,725$4,135$3,609$3,143$2,731$1,664
14 years$4,342$3,758$3,243$2,790$2,394$1,393
15 years$4,011$3,433$2,928$2,488$2,108$1,170
16 years$3,722$3,150$2,654$2,228$1,863$986
17 years$3,466$2,901$2,415$2,002$1,652$832
18 years$3,240$2,681$2,205$1,804$1,469$704
19 years$3,037$2,484$2,019$1,630$1,309$597
20 years$2,855$2,309$1,853$1,476$1,169$507
21 years$2,690$2,150$1,704$1,340$1,047$431
22 years$2,541$2,007$1,570$1,218$938$366
23 years$2,405$1,877$1,450$1,109$842$312
24 years$2,280$1,759$1,341$1,012$757$266
25 years$2,166$1,651$1,242$924$681$226
26 years$2,060$1,551$1,152$845$613$193
27 years$1,963$1,460$1,070$773$553$165
28 years$1,872$1,376$994$709$499$141
29 years$1,788$1,298$925$650$451$120
30 years$1,710$1,226$862$596$407$103
31 years$1,637$1,159$804$548$368$88
32 years$1,568$1,096$750$503$333$75
33 years$1,504$1,038$700$463$301$64
34 years$1,444$984$654$426$273$55
35 years$1,387$933$612$392$247$47
36 years$1,334$886$572$361$224$40
37 years$1,284$841$535$333$203$34
38 years$1,236$800$501$307$184$29
39 years$1,191$760$470$283$167$25
40 years$1,148$723$440$261$151$21
41 years$1,108$689$413$241$137$18
42 years$1,069$656$387$222$125$16
43 years$1,033$625$363$205$113$13
44 years$998$596$341$189$103$11
45 years$965$568$320$175$93$10
46 years$933$542$301$161$85$8
47 years$903$517$283$149$77$7
48 years$874$494$266$138$70$6
49 years$847$471$250$127$63$5
50 years$820$450$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $840,000, adding $5,255 every year, while hoping to spend $28,189 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: 52/42/6 Blend
49$840,000$840,000$840,000$840,000
50$931,101$886,581$873,561$977,927
51$996,080$900,030$872,832$1,023,722
52$1,066,742$913,194$871,134$1,069,980
53$1,143,638$926,028$868,405$1,119,603
54$1,227,372$938,486$864,579$1,172,913
55$1,318,609$950,518$859,588$1,230,266
56$1,418,083$962,069$853,360$1,292,053
57$1,526,601$973,083$845,821$1,358,706
58$1,645,049$983,499$836,891$1,430,703
59$1,774,405$993,252$826,488$1,508,570
60$1,915,744$1,002,271$814,525$1,592,886
61$2,070,252$1,010,484$800,913$1,684,294
62$2,239,230$1,017,810$785,556$1,783,498
63$2,424,116$1,024,167$768,357$1,891,280
64$2,626,489$1,029,465$749,210$2,008,498
65$2,848,090$1,033,608$728,008$2,136,102
66$3,090,836$1,036,495$704,637$2,275,138
67$3,356,837$1,038,020$678,979$2,426,762
68$3,648,420$1,038,068$650,909$2,592,248
69$3,968,142$1,036,517$620,298$2,773,002
70$4,318,826$1,033,239$587,011$2,970,574
71$4,703,576$1,028,098$550,906$3,186,676
72$5,125,813$1,020,947$511,834$3,423,195
73$5,589,307$1,011,635$469,641$3,682,213
74$6,098,208$999,996$424,166$3,966,027
75$6,657,089$985,860$375,239$4,277,172
76$7,270,987$969,042$322,685$4,618,442
77$7,945,451$949,348$266,318$4,992,920
78$8,686,594$926,574$205,947$5,404,007
79$9,501,151$900,500$141,371$5,855,454
80$10,396,542$870,898$72,380$6,351,399
81$11,380,940$837,523$0$6,896,404
82$12,463,351$800,116$0$7,495,582
83$13,653,697$758,406$0$8,159,355
84$14,962,909$712,103$0$8,889,221
85$16,403,032$660,903$0$9,691,947
86$17,987,336$604,481$0$10,574,995
87$19,730,441$542,498$0$11,546,593
88$21,648,457$474,591$0$12,615,814
89$23,759,134$400,381$0$13,792,662
90$26,082,031$319,465$0$15,088,166
91$28,638,696$231,416$0$16,514,488
92$31,452,874$135,787$0$18,085,037
93$34,550,729$32,102$0$19,814,596
94$37,961,090$0$0$21,719,466
95$41,715,722$0$0$23,854,653
96$45,849,629$0$0$26,221,968
97$50,401,379$0$0$28,828,674
98$55,413,473$0$0$31,699,125
99$60,932,743$0$0$34,860,154
100$67,010,791$0$0$38,341,331