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%15.8%
1 years$69,449$68,830$68,227$67,638$67,063$65,468
2 years$34,381$33,740$33,120$32,518$31,935$30,337
3 years$22,693$22,050$21,431$20,835$20,261$18,711
4 years$16,850$16,209$15,596$15,010$14,450$12,959
5 years$13,345$12,708$12,103$11,529$10,985$9,557
6 years$11,009$10,377$9,781$9,220$8,692$7,329
7 years$9,342$8,715$8,128$7,580$7,069$5,771
8 years$8,091$7,470$6,893$6,359$5,864$4,631
9 years$7,120$6,504$5,937$5,416$4,939$3,769
10 years$6,343$5,733$5,176$4,669$4,208$3,101
11 years$5,707$5,104$4,557$4,063$3,619$2,572
12 years$5,178$4,581$4,044$3,564$3,136$2,149
13 years$4,731$4,140$3,613$3,147$2,735$1,804
14 years$4,348$3,763$3,247$2,793$2,397$1,522
15 years$4,016$3,437$2,931$2,491$2,111$1,288
16 years$3,726$3,154$2,658$2,230$1,865$1,094
17 years$3,470$2,905$2,418$2,004$1,654$931
18 years$3,243$2,684$2,208$1,806$1,471$794
19 years$3,041$2,487$2,021$1,632$1,311$679
20 years$2,858$2,311$1,855$1,478$1,171$581
21 years$2,694$2,153$1,706$1,341$1,048$498
22 years$2,544$2,010$1,572$1,220$939$427
23 years$2,408$1,880$1,452$1,111$843$367
24 years$2,283$1,761$1,343$1,013$758$315
25 years$2,168$1,653$1,244$925$682$271
26 years$2,063$1,553$1,153$846$614$233
27 years$1,965$1,462$1,071$774$554$201
28 years$1,874$1,378$996$709$500$173
29 years$1,790$1,300$926$651$451$149
30 years$1,712$1,227$863$597$408$128
31 years$1,639$1,160$805$548$369$111
32 years$1,570$1,098$751$504$333$95
33 years$1,506$1,040$701$463$302$82
34 years$1,446$985$655$426$273$71
35 years$1,389$935$612$393$247$61
36 years$1,336$887$573$362$224$53
37 years$1,285$842$536$333$203$46
38 years$1,238$801$502$307$184$39
39 years$1,193$761$470$283$167$34
40 years$1,150$724$441$261$152$29
41 years$1,109$689$413$241$137$25
42 years$1,071$657$388$222$125$22
43 years$1,034$626$364$205$113$19
44 years$999$596$342$189$103$16
45 years$966$569$321$175$93$14
46 years$934$543$301$162$85$12
47 years$904$518$283$149$77$10
48 years$875$494$266$138$70$9
49 years$848$472$250$128$63$8
50 years$821$451$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $841,000, adding $4,804 every year, while hoping to spend $31,804 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: 31/40/29 Blend
49$841,000$841,000$841,000$841,000
50$931,737$887,164$874,129$952,242
51$992,935$896,796$869,573$978,188
52$1,059,310$905,834$863,798$1,002,990
53$1,131,355$914,215$856,731$1,029,067
54$1,209,614$921,873$848,293$1,056,555
55$1,294,686$928,736$838,402$1,085,604
56$1,387,228$934,729$826,973$1,116,381
57$1,487,966$939,770$813,916$1,149,073
58$1,597,694$943,775$799,139$1,183,888
59$1,717,290$946,652$782,541$1,221,058
60$1,847,719$948,303$764,022$1,260,840
61$1,990,043$948,626$743,473$1,303,524
62$2,145,430$947,511$720,782$1,349,427
63$2,315,167$944,843$695,832$1,398,906
64$2,500,671$940,497$668,499$1,452,357
65$2,703,501$934,343$638,655$1,510,218
66$2,925,375$926,242$606,166$1,572,978
67$3,168,182$916,047$570,892$1,641,179
68$3,434,004$903,601$532,684$1,715,423
69$3,725,135$888,740$491,391$1,796,377
70$4,044,098$871,287$446,852$1,884,782
71$4,393,673$851,058$398,899$1,981,461
72$4,776,924$827,855$347,358$2,087,324
73$5,197,221$801,471$292,046$2,203,382
74$5,658,280$771,685$232,772$2,330,754
75$6,164,191$738,265$169,336$2,470,680
76$6,719,462$700,963$101,532$2,624,535
77$7,329,055$659,519$29,142$2,793,839
78$7,998,440$613,656$0$2,980,277
79$8,733,639$563,084$0$3,200,600
80$9,541,289$507,493$0$3,452,577
81$10,428,698$446,558$0$3,729,540
82$11,403,921$379,935$0$4,034,095
83$12,475,828$307,259$0$4,369,120
84$13,654,195$228,147$0$4,737,791
85$14,949,788$142,191$0$5,143,616
86$16,374,472$48,964$0$5,590,468
87$17,941,317$0$0$6,082,621
88$19,664,726$0$0$6,647,676
89$21,560,564$0$0$7,293,122
90$23,646,313$0$0$8,003,375
91$25,941,236$0$0$8,785,014
92$28,466,555$0$0$9,645,287
93$31,245,656$0$0$10,592,181
94$34,304,303$0$0$11,634,494
95$37,670,888$0$0$12,781,923
96$41,376,692$0$0$14,045,153
97$45,456,184$0$0$15,435,956
98$49,947,345$0$0$16,967,303
99$54,892,025$0$0$18,653,490
100$60,336,339$0$0$20,510,267