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%19.5%
1 years$69,532$68,912$68,308$67,718$67,142$64,580
2 years$34,422$33,781$33,159$32,557$31,973$29,422
3 years$22,720$22,076$21,456$20,859$20,285$17,825
4 years$16,870$16,228$15,615$15,028$14,467$12,117
5 years$13,361$12,723$12,118$11,543$10,998$8,764
6 years$11,023$10,389$9,793$9,231$8,702$6,586
7 years$9,353$8,725$8,138$7,589$7,077$5,078
8 years$8,101$7,479$6,902$6,367$5,871$3,987
9 years$7,128$6,512$5,944$5,423$4,944$3,172
10 years$6,350$5,740$5,182$4,675$4,213$2,550
11 years$5,714$5,110$4,562$4,068$3,623$2,066
12 years$5,184$4,586$4,049$3,568$3,140$1,683
13 years$4,736$4,145$3,618$3,150$2,738$1,379
14 years$4,353$3,767$3,250$2,797$2,400$1,133
15 years$4,021$3,442$2,935$2,494$2,113$935
16 years$3,730$3,158$2,661$2,233$1,868$773
17 years$3,474$2,908$2,421$2,006$1,656$640
18 years$3,247$2,687$2,210$1,808$1,472$531
19 years$3,044$2,490$2,023$1,634$1,312$442
20 years$2,862$2,314$1,857$1,480$1,172$368
21 years$2,697$2,156$1,708$1,343$1,049$306
22 years$2,547$2,012$1,574$1,221$940$255
23 years$2,411$1,882$1,453$1,112$844$213
24 years$2,286$1,763$1,344$1,014$759$178
25 years$2,171$1,655$1,245$926$683$148
26 years$2,065$1,555$1,155$847$615$124
27 years$1,967$1,464$1,072$775$554$103
28 years$1,877$1,379$997$710$500$86
29 years$1,792$1,301$928$651$452$72
30 years$1,714$1,229$864$598$408$60
31 years$1,641$1,162$806$549$369$51
32 years$1,572$1,099$752$505$334$42
33 years$1,508$1,041$702$464$302$35
34 years$1,448$986$656$427$274$30
35 years$1,391$936$613$393$248$25
36 years$1,337$888$573$362$224$21
37 years$1,287$843$537$333$203$17
38 years$1,239$802$503$307$184$14
39 years$1,194$762$471$283$167$12
40 years$1,151$725$441$261$152$10
41 years$1,111$690$414$241$138$8
42 years$1,072$657$388$223$125$7
43 years$1,035$626$364$205$113$6
44 years$1,000$597$342$190$103$5
45 years$967$569$321$175$93$4
46 years$935$543$302$162$85$3
47 years$905$518$283$150$77$3
48 years$876$495$266$138$70$2
49 years$849$473$250$128$64$2
50 years$822$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $842,000, adding $5,063 every year, while hoping to spend $23,502 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: 46/40/14 Blend
49$842,000$842,000$842,000$842,000
50$933,106$888,480$875,429$972,111
51$1,003,277$907,010$879,750$1,018,235
52$1,079,818$925,660$883,428$1,065,448
53$1,163,353$944,411$886,417$1,116,152
54$1,254,571$963,243$888,668$1,170,680
55$1,354,229$982,133$890,130$1,229,397
56$1,463,160$1,001,057$890,748$1,292,710
57$1,582,282$1,019,989$890,468$1,361,064
58$1,712,605$1,038,899$889,230$1,434,951
59$1,855,243$1,057,758$886,971$1,514,913
60$2,011,421$1,076,531$883,628$1,601,548
61$2,182,487$1,095,182$879,131$1,695,514
62$2,369,928$1,113,673$873,409$1,797,540
63$2,575,381$1,131,963$866,388$1,908,425
64$2,800,646$1,150,006$857,988$2,029,053
65$3,047,710$1,167,754$848,129$2,160,399
66$3,318,758$1,185,155$836,723$2,303,537
67$3,616,199$1,202,155$823,680$2,459,651
68$3,942,685$1,218,695$808,907$2,630,048
69$4,301,138$1,234,710$792,305$2,816,168
70$4,694,776$1,250,133$773,770$3,019,599
71$5,127,146$1,264,893$753,194$3,242,093
72$5,602,153$1,278,910$730,464$3,485,580
73$6,124,100$1,292,104$705,462$3,752,192
74$6,697,727$1,304,386$678,063$4,044,275
75$7,328,256$1,315,662$648,140$4,364,419
76$8,021,442$1,325,833$615,556$4,715,480
77$8,783,622$1,334,792$580,170$5,100,605
78$9,621,780$1,342,425$541,834$5,523,266
79$10,543,610$1,348,613$500,394$5,987,290
80$11,557,590$1,353,227$455,689$6,496,898
81$12,673,060$1,356,130$407,550$7,056,743
82$13,900,310$1,357,179$355,801$7,671,955
83$15,250,680$1,356,219$300,259$8,348,192
84$16,736,662$1,353,086$240,731$9,091,690
85$18,372,023$1,347,609$177,016$9,909,326
86$20,171,929$1,339,601$108,906$10,808,681
87$22,153,093$1,328,870$36,182$11,798,113
88$24,333,931$1,315,206$0$12,886,839
89$26,734,732$1,298,392$0$14,091,205
90$29,377,856$1,278,194$0$15,422,394
91$32,287,938$1,254,366$0$16,887,380
92$35,492,124$1,226,647$0$18,499,816
93$39,020,329$1,194,760$0$20,274,747
94$42,905,512$1,158,414$0$22,228,760
95$47,183,996$1,117,297$0$24,380,137
96$51,895,801$1,071,082$0$26,749,027
97$57,085,030$1,019,423$0$29,357,641
98$62,800,280$961,951$0$32,230,460
99$69,095,102$898,280$0$35,394,466
100$76,028,506$827,999$0$38,879,400