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%17.3%
1 years$69,449$68,830$68,227$67,638$67,063$65,072
2 years$34,381$33,740$33,120$32,518$31,935$29,946
3 years$22,693$22,050$21,431$20,835$20,261$18,336
4 years$16,850$16,209$15,596$15,010$14,450$12,604
5 years$13,345$12,708$12,103$11,529$10,985$9,222
6 years$11,009$10,377$9,781$9,220$8,692$7,015
7 years$9,342$8,715$8,128$7,580$7,069$5,477
8 years$8,091$7,470$6,893$6,359$5,864$4,356
9 years$7,120$6,504$5,937$5,416$4,939$3,513
10 years$6,343$5,733$5,176$4,669$4,208$2,863
11 years$5,707$5,104$4,557$4,063$3,619$2,353
12 years$5,178$4,581$4,044$3,564$3,136$1,946
13 years$4,731$4,140$3,613$3,147$2,735$1,618
14 years$4,348$3,763$3,247$2,793$2,397$1,350
15 years$4,016$3,437$2,931$2,491$2,111$1,131
16 years$3,726$3,154$2,658$2,230$1,865$950
17 years$3,470$2,905$2,418$2,004$1,654$800
18 years$3,243$2,684$2,208$1,806$1,471$675
19 years$3,041$2,487$2,021$1,632$1,311$570
20 years$2,858$2,311$1,855$1,478$1,171$483
21 years$2,694$2,153$1,706$1,341$1,048$409
22 years$2,544$2,010$1,572$1,220$939$347
23 years$2,408$1,880$1,452$1,111$843$294
24 years$2,283$1,761$1,343$1,013$758$250
25 years$2,168$1,653$1,244$925$682$212
26 years$2,063$1,553$1,153$846$614$181
27 years$1,965$1,462$1,071$774$554$154
28 years$1,874$1,378$996$709$500$131
29 years$1,790$1,300$926$651$451$111
30 years$1,712$1,227$863$597$408$95
31 years$1,639$1,160$805$548$369$81
32 years$1,570$1,098$751$504$333$69
33 years$1,506$1,040$701$463$302$58
34 years$1,446$985$655$426$273$50
35 years$1,389$935$612$393$247$42
36 years$1,336$887$573$362$224$36
37 years$1,285$842$536$333$203$31
38 years$1,238$801$502$307$184$26
39 years$1,193$761$470$283$167$22
40 years$1,150$724$441$261$152$19
41 years$1,109$689$413$241$137$16
42 years$1,071$657$388$222$125$14
43 years$1,034$626$364$205$113$12
44 years$999$596$342$189$103$10
45 years$966$569$321$175$93$9
46 years$934$543$301$162$85$7
47 years$904$518$283$149$77$6
48 years$875$494$266$138$70$5
49 years$848$472$250$128$63$5
50 years$821$451$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 $841,000, adding $4,129 every year, while hoping to spend $28,926 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$841,000$841,000$841,000$841,000
50$931,041$886,468$873,433$987,528
51$995,230$899,128$871,916$1,038,485
52$1,064,997$911,439$869,378$1,090,398
53$1,140,880$923,353$865,756$1,146,385
54$1,223,472$934,819$860,981$1,206,844
55$1,313,424$945,783$854,981$1,272,211
56$1,411,454$956,187$847,684$1,342,968
57$1,518,351$965,968$839,009$1,419,646
58$1,634,983$975,061$828,877$1,502,831
59$1,762,307$983,395$817,200$1,593,170
60$1,901,376$990,895$803,890$1,691,374
61$2,053,348$997,481$788,852$1,798,229
62$2,219,500$1,003,067$771,989$1,914,602
63$2,401,235$1,007,564$753,196$2,041,446
64$2,600,101$1,010,874$732,368$2,179,816
65$2,817,800$1,012,896$709,391$2,330,873
66$3,056,207$1,013,520$684,148$2,495,898
67$3,317,389$1,012,631$656,516$2,676,302
68$3,603,619$1,010,106$626,365$2,873,642
69$3,917,401$1,005,815$593,562$3,089,637
70$4,261,496$999,619$557,965$3,326,180
71$4,638,940$991,372$519,429$3,585,358
72$5,053,080$980,918$477,798$3,869,473
73$5,507,604$968,092$432,914$4,181,065
74$6,006,571$952,720$384,608$4,522,933
75$6,554,454$934,617$332,705$4,898,163
76$7,156,181$913,585$277,023$5,310,158
77$7,817,178$889,418$217,371$5,762,671
78$8,543,426$861,895$153,548$6,259,839
79$9,341,511$830,783$85,348$6,806,225
80$10,218,691$795,837$12,553$7,406,857
81$11,182,960$756,796$0$8,067,282
82$12,243,126$713,383$0$8,802,647
83$13,408,894$665,307$0$9,613,105
84$14,690,954$612,261$0$10,504,378
85$16,101,086$553,917$0$11,484,696
86$17,652,270$489,931$0$12,563,128
87$19,358,803$419,939$0$13,749,671
88$21,236,442$343,557$0$15,055,345
89$23,302,546$260,378$0$16,492,295
90$25,576,241$169,973$0$18,073,907
91$28,078,605$71,888$0$19,814,935
92$30,832,857$0$0$21,731,642
93$33,864,585$0$0$23,850,646
94$37,201,984$0$0$26,203,395
95$40,876,118$0$0$28,793,604
96$44,921,218$0$0$31,645,414
97$49,375,005$0$0$34,785,427
98$54,279,041$0$0$38,242,956
99$59,679,123$0$0$42,050,298
100$65,625,718$0$0$46,243,046