Can I retire at age 50 with 842,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$69,532$68,912$68,308$67,718$67,142$64,967
2 years$34,422$33,781$33,159$32,557$31,973$29,801
3 years$22,720$22,076$21,456$20,859$20,285$18,186
4 years$16,870$16,228$15,615$15,028$14,467$12,457
5 years$13,361$12,723$12,118$11,543$10,998$9,081
6 years$11,023$10,389$9,793$9,231$8,702$6,881
7 years$9,353$8,725$8,138$7,589$7,077$5,351
8 years$8,101$7,479$6,902$6,367$5,871$4,239
9 years$7,128$6,512$5,944$5,423$4,944$3,404
10 years$6,350$5,740$5,182$4,675$4,213$2,762
11 years$5,714$5,110$4,562$4,068$3,623$2,259
12 years$5,184$4,586$4,049$3,568$3,140$1,860
13 years$4,736$4,145$3,618$3,150$2,738$1,539
14 years$4,353$3,767$3,250$2,797$2,400$1,278
15 years$4,021$3,442$2,935$2,494$2,113$1,066
16 years$3,730$3,158$2,661$2,233$1,868$891
17 years$3,474$2,908$2,421$2,006$1,656$746
18 years$3,247$2,687$2,210$1,808$1,472$626
19 years$3,044$2,490$2,023$1,634$1,312$526
20 years$2,862$2,314$1,857$1,480$1,172$443
21 years$2,697$2,156$1,708$1,343$1,049$373
22 years$2,547$2,012$1,574$1,221$940$315
23 years$2,411$1,882$1,453$1,112$844$266
24 years$2,286$1,763$1,344$1,014$759$224
25 years$2,171$1,655$1,245$926$683$190
26 years$2,065$1,555$1,155$847$615$160
27 years$1,967$1,464$1,072$775$554$136
28 years$1,877$1,379$997$710$500$115
29 years$1,792$1,301$928$651$452$97
30 years$1,714$1,229$864$598$408$82
31 years$1,641$1,162$806$549$369$70
32 years$1,572$1,099$752$505$334$59
33 years$1,508$1,041$702$464$302$50
34 years$1,448$986$656$427$274$42
35 years$1,391$936$613$393$248$36
36 years$1,337$888$573$362$224$30
37 years$1,287$843$537$333$203$26
38 years$1,239$802$503$307$184$22
39 years$1,194$762$471$283$167$18
40 years$1,151$725$441$261$152$16
41 years$1,111$690$414$241$138$13
42 years$1,072$657$388$223$125$11
43 years$1,035$626$364$205$113$9
44 years$1,000$597$342$190$103$8
45 years$967$569$321$175$93$7
46 years$935$543$302$162$85$6
47 years$905$518$283$150$77$5
48 years$876$495$266$138$70$4
49 years$849$473$250$128$64$4
50 years$822$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $842,000, adding $4,599 every year, while hoping to spend $27,576 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: 42/48/10 Blend
49$842,000$842,000$842,000$842,000
50$932,628$888,002$874,951$968,880
51$998,415$902,173$874,921$1,008,837
52$1,069,989$916,115$873,966$1,048,950
53$1,147,909$929,786$872,026$1,091,764
54$1,232,795$943,144$869,037$1,137,538
55$1,325,324$956,142$864,934$1,186,556
56$1,426,244$968,731$859,647$1,239,131
57$1,536,380$980,857$853,103$1,295,611
58$1,656,636$992,465$845,228$1,356,379
59$1,788,010$1,003,492$835,940$1,421,856
60$1,931,599$1,013,876$825,156$1,492,512
61$2,088,613$1,023,546$812,789$1,568,860
62$2,260,381$1,032,430$798,748$1,651,472
63$2,448,371$1,040,450$782,936$1,740,975
64$2,654,194$1,047,521$765,254$1,838,065
65$2,879,628$1,053,556$745,596$1,943,508
66$3,126,629$1,058,460$723,853$2,058,152
67$3,397,353$1,062,132$699,910$2,182,931
68$3,694,173$1,064,466$673,647$2,318,877
69$4,019,702$1,065,349$644,938$2,467,132
70$4,376,820$1,064,659$613,652$2,628,953
71$4,768,698$1,062,270$579,652$2,805,729
72$5,198,830$1,058,045$542,794$2,998,994
73$5,671,061$1,051,841$502,929$3,210,441
74$6,189,632$1,043,504$459,900$3,441,939
75$6,759,212$1,032,872$413,543$3,695,550
76$7,384,942$1,019,774$363,687$3,973,551
77$8,072,490$1,004,027$310,155$4,278,455
78$8,828,099$985,438$252,760$4,613,033
79$9,658,644$963,804$191,306$4,980,347
80$10,571,702$938,906$125,591$5,383,772
81$11,575,620$910,517$55,403$5,827,036
82$12,679,594$878,394$0$6,314,248
83$13,893,756$842,279$0$6,852,028
84$15,229,270$801,901$0$7,449,742
85$16,698,434$756,972$0$8,107,021
86$18,314,799$707,189$0$8,829,983
87$20,093,298$652,230$0$9,625,378
88$22,050,380$591,756$0$10,500,649
89$24,204,173$525,406$0$11,464,005
90$26,574,650$452,802$0$12,524,498
91$29,183,817$373,543$0$13,692,112
92$32,055,924$287,204$0$14,977,857
93$35,217,690$193,338$0$16,393,874
94$38,698,555$91,473$0$17,953,552
95$42,530,962$0$0$19,671,655
96$46,750,656$0$0$21,574,440
97$51,397,028$0$0$23,722,962
98$56,513,480$0$0$26,088,993
99$62,147,840$0$0$28,694,668
100$68,352,810$0$0$31,564,376