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%16.6%
1 years$69,366$68,749$68,146$67,557$66,983$65,178
2 years$34,340$33,700$33,080$32,479$31,897$30,092
3 years$22,666$22,023$21,405$20,810$20,236$18,487
4 years$16,830$16,190$15,578$14,992$14,433$12,753
5 years$13,329$12,693$12,089$11,516$10,972$9,366
6 years$10,996$10,365$9,770$9,209$8,681$7,151
7 years$9,331$8,704$8,119$7,571$7,060$5,606
8 years$8,082$7,461$6,885$6,351$5,857$4,477
9 years$7,111$6,496$5,930$5,410$4,933$3,626
10 years$6,335$5,726$5,170$4,663$4,203$2,968
11 years$5,700$5,098$4,552$4,059$3,615$2,450
12 years$5,172$4,575$4,039$3,560$3,132$2,036
13 years$4,725$4,135$3,609$3,143$2,731$1,700
14 years$4,342$3,758$3,243$2,790$2,394$1,426
15 years$4,011$3,433$2,928$2,488$2,108$1,201
16 years$3,722$3,150$2,654$2,228$1,863$1,014
17 years$3,466$2,901$2,415$2,002$1,652$858
18 years$3,240$2,681$2,205$1,804$1,469$728
19 years$3,037$2,484$2,019$1,630$1,309$618
20 years$2,855$2,309$1,853$1,476$1,169$526
21 years$2,690$2,150$1,704$1,340$1,047$448
22 years$2,541$2,007$1,570$1,218$938$382
23 years$2,405$1,877$1,450$1,109$842$326
24 years$2,280$1,759$1,341$1,012$757$278
25 years$2,166$1,651$1,242$924$681$238
26 years$2,060$1,551$1,152$845$613$203
27 years$1,963$1,460$1,070$773$553$174
28 years$1,872$1,376$994$709$499$149
29 years$1,788$1,298$925$650$451$127
30 years$1,710$1,226$862$596$407$109
31 years$1,637$1,159$804$548$368$93
32 years$1,568$1,096$750$503$333$80
33 years$1,504$1,038$700$463$301$69
34 years$1,444$984$654$426$273$59
35 years$1,387$933$612$392$247$50
36 years$1,334$886$572$361$224$43
37 years$1,284$841$535$333$203$37
38 years$1,236$800$501$307$184$32
39 years$1,191$760$470$283$167$27
40 years$1,148$723$440$261$151$23
41 years$1,108$689$413$241$137$20
42 years$1,069$656$387$222$125$17
43 years$1,033$625$363$205$113$15
44 years$998$596$341$189$103$13
45 years$965$568$320$175$93$11
46 years$933$542$301$161$85$9
47 years$903$517$283$149$77$8
48 years$874$494$266$138$70$7
49 years$847$471$250$127$63$6
50 years$820$450$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $840,000, adding $4,160 every year, while hoping to spend $41,294 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: 50/24/26 Blend
49$840,000$840,000$840,000$840,000
50$929,971$885,451$872,431$969,459
51$980,892$884,902$857,721$996,872
52$1,035,622$882,941$841,134$1,022,177
53$1,094,507$879,457$822,564$1,048,858
54$1,157,926$874,330$801,899$1,077,064
55$1,226,295$867,433$779,023$1,106,960
56$1,300,071$858,630$753,814$1,138,732
57$1,379,756$847,781$726,144$1,172,587
58$1,465,901$834,732$695,881$1,208,755
59$1,559,114$819,325$662,883$1,247,493
60$1,660,061$801,389$627,007$1,289,085
61$1,769,474$780,745$588,099$1,333,851
62$1,888,161$757,201$546,001$1,382,142
63$2,017,007$730,558$500,545$1,434,354
64$2,156,987$700,601$451,559$1,490,921
65$2,309,174$667,104$398,861$1,552,330
66$2,474,748$629,830$342,260$1,619,121
67$2,655,006$588,526$281,560$1,691,891
68$2,851,377$542,924$216,553$1,771,305
69$3,065,433$492,743$147,023$1,858,101
70$3,298,905$437,685$72,746$1,953,096
71$3,553,695$377,434$0$2,057,197
72$3,831,901$311,657$0$2,173,218
73$4,135,829$240,002$0$2,322,119
74$4,468,020$162,098$0$2,485,003
75$4,831,269$77,553$0$2,663,312
76$5,228,657$0$0$2,858,636
77$5,663,573$0$0$3,076,444
78$6,139,751$0$0$3,337,426
79$6,661,301$0$0$3,623,365
80$7,232,752$0$0$3,936,753
81$7,859,088$0$0$4,280,337
82$8,545,801$0$0$4,657,140
83$9,298,940$0$0$5,070,494
84$10,125,164$0$0$5,524,067
85$11,031,812$0$0$6,021,901
86$12,026,966$0$0$6,568,447
87$13,119,527$0$0$7,168,608
88$14,319,302$0$0$7,827,787
89$15,637,095$0$0$8,551,933
90$17,084,805$0$0$9,347,602
91$18,675,542$0$0$10,222,015
92$20,423,749$0$0$11,183,128
93$22,345,337$0$0$12,239,707
94$24,457,836$0$0$13,401,408
95$26,780,558$0$0$14,678,870
96$29,334,780$0$0$16,083,814
97$32,143,945$0$0$17,629,154
98$35,233,881$0$0$19,329,121
99$38,633,044$0$0$21,199,391
100$42,372,790$0$0$23,257,237