Can I retire at age 50 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$69,449$68,830$68,227$67,638$67,063$66,115
2 years$34,381$33,740$33,120$32,518$31,935$30,982
3 years$22,693$22,050$21,431$20,835$20,261$19,332
4 years$16,850$16,209$15,596$15,010$14,450$13,553
5 years$13,345$12,708$12,103$11,529$10,985$10,122
6 years$11,009$10,377$9,781$9,220$8,692$7,864
7 years$9,342$8,715$8,128$7,580$7,069$6,276
8 years$8,091$7,470$6,893$6,359$5,864$5,107
9 years$7,120$6,504$5,937$5,416$4,939$4,217
10 years$6,343$5,733$5,176$4,669$4,208$3,520
11 years$5,707$5,104$4,557$4,063$3,619$2,965
12 years$5,178$4,581$4,044$3,564$3,136$2,515
13 years$4,731$4,140$3,613$3,147$2,735$2,146
14 years$4,348$3,763$3,247$2,793$2,397$1,840
15 years$4,016$3,437$2,931$2,491$2,111$1,584
16 years$3,726$3,154$2,658$2,230$1,865$1,368
17 years$3,470$2,905$2,418$2,004$1,654$1,184
18 years$3,243$2,684$2,208$1,806$1,471$1,028
19 years$3,041$2,487$2,021$1,632$1,311$894
20 years$2,858$2,311$1,855$1,478$1,171$779
21 years$2,694$2,153$1,706$1,341$1,048$680
22 years$2,544$2,010$1,572$1,220$939$594
23 years$2,408$1,880$1,452$1,111$843$520
24 years$2,283$1,761$1,343$1,013$758$455
25 years$2,168$1,653$1,244$925$682$399
26 years$2,063$1,553$1,153$846$614$350
27 years$1,965$1,462$1,071$774$554$307
28 years$1,874$1,378$996$709$500$270
29 years$1,790$1,300$926$651$451$237
30 years$1,712$1,227$863$597$408$209
31 years$1,639$1,160$805$548$369$183
32 years$1,570$1,098$751$504$333$161
33 years$1,506$1,040$701$463$302$142
34 years$1,446$985$655$426$273$125
35 years$1,389$935$612$393$247$110
36 years$1,336$887$573$362$224$97
37 years$1,285$842$536$333$203$85
38 years$1,238$801$502$307$184$75
39 years$1,193$761$470$283$167$66
40 years$1,150$724$441$261$152$58
41 years$1,109$689$413$241$137$51
42 years$1,071$657$388$222$125$45
43 years$1,034$626$364$205$113$40
44 years$999$596$342$189$103$35
45 years$966$569$321$175$93$31
46 years$934$543$301$162$85$27
47 years$904$518$283$149$77$24
48 years$875$494$266$138$70$21
49 years$848$472$250$128$63$19
50 years$821$451$235$118$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $841,000, adding $2,949 every year, while hoping to spend $31,702 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: 47/41/12 Blend
49$841,000$841,000$841,000$841,000
50$929,824$885,251$872,215$970,284
51$990,935$894,898$867,704$1,008,174
52$1,057,217$903,954$861,979$1,045,766
53$1,129,164$912,359$854,966$1,085,855
54$1,207,320$920,045$846,588$1,128,682
55$1,292,280$926,941$836,762$1,174,518
56$1,384,704$932,973$825,405$1,223,661
57$1,485,315$938,059$812,427$1,276,438
58$1,594,907$942,114$797,734$1,333,215
59$1,714,359$945,049$781,229$1,394,394
60$1,844,632$946,765$762,809$1,460,419
61$1,986,789$947,161$742,367$1,531,784
62$2,141,997$946,127$719,792$1,609,033
63$2,311,541$943,548$694,966$1,692,766
64$2,496,838$939,301$667,767$1,783,650
65$2,699,445$933,256$638,066$1,882,419
66$2,921,077$925,275$605,730$1,989,887
67$3,163,624$915,210$570,619$2,106,950
68$3,429,165$902,908$532,587$2,234,602
69$3,719,992$888,202$491,480$2,373,940
70$4,038,626$870,918$447,139$2,526,174
71$4,387,845$850,873$399,398$2,692,645
72$4,770,709$827,869$348,082$2,874,830
73$5,190,587$801,701$293,008$3,074,363
74$5,651,191$772,148$233,988$3,293,050
75$6,156,608$738,978$170,822$3,532,882
76$6,711,340$701,947$103,303$3,796,061
77$7,320,349$660,794$31,215$4,085,017
78$7,989,096$615,245$0$4,402,434
79$8,723,601$565,009$0$4,757,129
80$9,530,493$509,780$0$5,151,166
81$10,417,077$449,232$0$5,584,186
82$11,391,398$383,023$0$6,060,210
83$12,462,321$310,792$0$6,583,674
84$13,639,611$232,154$0$7,159,469
85$14,934,028$146,707$0$7,792,996
86$16,357,426$54,022$0$8,490,209
87$17,922,865$0$0$9,257,680
88$19,644,733$0$0$10,123,567
89$21,538,884$0$0$11,103,010
90$23,622,786$0$0$12,180,682
91$25,915,684$0$0$13,366,549
92$28,438,785$0$0$14,671,593
93$31,215,452$0$0$16,107,913
94$34,271,430$0$0$17,688,842
95$37,635,086$0$0$19,429,070
96$41,337,677$0$0$21,344,785
97$45,413,641$0$0$23,453,822
98$49,900,929$0$0$25,775,835
99$54,841,356$0$0$28,332,479
100$60,280,998$0$0$31,147,618