Can I retire at age 50 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$69,532$68,912$68,308$67,718$67,142$65,894
2 years$34,422$33,781$33,159$32,557$31,973$30,720
3 years$22,720$22,076$21,456$20,859$20,285$19,067
4 years$16,870$16,228$15,615$15,028$14,467$13,293
5 years$13,361$12,723$12,118$11,543$10,998$9,870
6 years$11,023$10,389$9,793$9,231$8,702$7,623
7 years$9,353$8,725$8,138$7,589$7,077$6,047
8 years$8,101$7,479$6,902$6,367$5,871$4,889
9 years$7,128$6,512$5,944$5,423$4,944$4,010
10 years$6,350$5,740$5,182$4,675$4,213$3,326
11 years$5,714$5,110$4,562$4,068$3,623$2,782
12 years$5,184$4,586$4,049$3,568$3,140$2,343
13 years$4,736$4,145$3,618$3,150$2,738$1,985
14 years$4,353$3,767$3,250$2,797$2,400$1,689
15 years$4,021$3,442$2,935$2,494$2,113$1,443
16 years$3,730$3,158$2,661$2,233$1,868$1,236
17 years$3,474$2,908$2,421$2,006$1,656$1,062
18 years$3,247$2,687$2,210$1,808$1,472$915
19 years$3,044$2,490$2,023$1,634$1,312$790
20 years$2,862$2,314$1,857$1,480$1,172$682
21 years$2,697$2,156$1,708$1,343$1,049$591
22 years$2,547$2,012$1,574$1,221$940$512
23 years$2,411$1,882$1,453$1,112$844$444
24 years$2,286$1,763$1,344$1,014$759$386
25 years$2,171$1,655$1,245$926$683$335
26 years$2,065$1,555$1,155$847$615$291
27 years$1,967$1,464$1,072$775$554$253
28 years$1,877$1,379$997$710$500$221
29 years$1,792$1,301$928$651$452$192
30 years$1,714$1,229$864$598$408$167
31 years$1,641$1,162$806$549$369$146
32 years$1,572$1,099$752$505$334$127
33 years$1,508$1,041$702$464$302$111
34 years$1,448$986$656$427$274$97
35 years$1,391$936$613$393$248$84
36 years$1,337$888$573$362$224$74
37 years$1,287$843$537$333$203$64
38 years$1,239$802$503$307$184$56
39 years$1,194$762$471$283$167$49
40 years$1,151$725$441$261$152$43
41 years$1,111$690$414$241$138$37
42 years$1,072$657$388$223$125$32
43 years$1,035$626$364$205$113$28
44 years$1,000$597$342$190$103$25
45 years$967$569$321$175$93$22
46 years$935$543$302$162$85$19
47 years$905$518$283$150$77$16
48 years$876$495$266$138$70$14
49 years$849$473$250$128$64$13
50 years$822$451$235$118$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $842,000, adding $5,588 every year, while hoping to spend $24,118 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: 39/33/28 Blend
49$842,000$842,000$842,000$842,000
50$933,648$889,022$875,971$962,128
51$1,003,219$906,923$879,655$1,001,344
52$1,079,077$924,892$882,653$1,041,087
53$1,161,840$942,908$884,919$1,083,604
54$1,252,184$960,947$886,400$1,129,161
55$1,350,856$978,983$887,044$1,178,056
56$1,458,677$996,988$886,794$1,230,616
57$1,576,553$1,014,930$885,592$1,287,201
58$1,705,478$1,032,778$883,376$1,348,211
59$1,846,549$1,050,497$880,081$1,414,087
60$2,000,973$1,068,047$875,640$1,485,313
61$2,170,080$1,085,390$869,982$1,562,428
62$2,355,334$1,102,479$863,032$1,646,023
63$2,558,346$1,119,269$854,712$1,736,752
64$2,780,893$1,135,709$844,940$1,835,338
65$3,024,930$1,151,745$833,632$1,942,578
66$3,292,611$1,167,318$820,697$2,059,352
67$3,586,309$1,182,368$806,041$2,186,630
68$3,908,636$1,196,827$789,567$2,325,484
69$4,262,470$1,210,626$771,171$2,477,098
70$4,650,983$1,223,687$750,746$2,642,776
71$5,077,668$1,235,932$728,180$2,823,961
72$5,546,371$1,247,273$703,355$3,022,240
73$6,061,331$1,257,620$676,148$3,239,370
74$6,627,218$1,266,875$646,430$3,477,285
75$7,249,176$1,274,934$614,067$3,738,122
76$7,932,872$1,281,685$578,918$4,024,238
77$8,684,550$1,287,013$540,837$4,338,233
78$9,511,088$1,290,791$499,670$4,682,976
79$10,420,066$1,292,887$455,255$5,061,631
80$11,419,833$1,293,159$407,427$5,477,691
81$12,519,590$1,291,457$356,010$5,935,006
82$13,729,472$1,287,622$300,820$6,437,825
83$15,060,648$1,281,486$241,667$6,990,834
84$16,525,423$1,272,868$178,352$7,599,202
85$18,137,356$1,261,578$110,667$8,268,630
86$19,911,386$1,247,415$38,393$9,005,407
87$21,863,973$1,230,164$0$9,816,467
88$24,013,256$1,209,599$0$10,721,031
89$26,379,218$1,185,480$0$11,728,955
90$28,983,882$1,157,553$0$12,838,131
91$31,851,513$1,125,547$0$14,058,895
92$35,008,847$1,089,178$0$15,402,638
93$38,485,346$1,048,145$0$16,881,917
94$42,313,474$1,002,127$0$18,510,574
95$46,529,004$950,787$0$20,303,864
96$51,171,354$893,767$0$22,278,606
97$56,283,959$830,689$0$24,453,335
98$61,914,685$761,154$0$26,848,483
99$68,116,271$684,740$0$29,486,571
100$74,946,838$600,999$0$32,392,420