Can I retire at age 50 with 845,000?

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 $845,000?

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$69,779$69,158$68,551$67,959$67,381$64,810
2 years$34,544$33,901$33,277$32,673$32,086$29,526
3 years$22,801$22,155$21,533$20,934$20,357$17,888
4 years$16,930$16,286$15,670$15,082$14,519$12,161
5 years$13,409$12,768$12,161$11,584$11,037$8,795
6 years$11,062$10,426$9,828$9,264$8,733$6,609
7 years$9,386$8,756$8,167$7,616$7,102$5,096
8 years$8,130$7,506$6,926$6,389$5,892$4,001
9 years$7,153$6,535$5,965$5,442$4,962$3,184
10 years$6,373$5,760$5,201$4,691$4,228$2,559
11 years$5,734$5,128$4,579$4,083$3,636$2,073
12 years$5,203$4,603$4,064$3,581$3,151$1,689
13 years$4,753$4,159$3,630$3,162$2,748$1,384
14 years$4,368$3,781$3,262$2,807$2,409$1,138
15 years$4,035$3,454$2,945$2,503$2,121$938
16 years$3,744$3,169$2,670$2,241$1,874$776
17 years$3,487$2,918$2,430$2,014$1,662$643
18 years$3,259$2,697$2,218$1,815$1,478$533
19 years$3,055$2,499$2,031$1,640$1,317$443
20 years$2,872$2,322$1,864$1,485$1,176$369
21 years$2,706$2,163$1,714$1,348$1,053$307
22 years$2,556$2,019$1,580$1,225$944$256
23 years$2,419$1,889$1,459$1,116$847$214
24 years$2,294$1,770$1,349$1,018$761$178
25 years$2,179$1,661$1,249$930$685$149
26 years$2,072$1,561$1,159$850$617$124
27 years$1,974$1,469$1,076$778$556$104
28 years$1,883$1,384$1,000$713$502$87
29 years$1,799$1,306$931$654$453$73
30 years$1,720$1,233$867$600$410$61
31 years$1,647$1,166$808$551$370$51
32 years$1,578$1,103$754$506$335$42
33 years$1,513$1,045$704$466$303$35
34 years$1,453$990$658$428$274$30
35 years$1,396$939$615$394$249$25
36 years$1,342$891$575$363$225$21
37 years$1,291$846$539$335$204$17
38 years$1,244$804$504$308$185$15
39 years$1,198$765$473$284$168$12
40 years$1,155$728$443$262$152$10
41 years$1,115$693$415$242$138$9
42 years$1,076$660$390$223$125$7
43 years$1,039$629$366$206$114$6
44 years$1,004$599$343$190$103$5
45 years$971$571$322$176$94$4
46 years$939$545$303$162$85$3
47 years$908$520$284$150$77$3
48 years$879$497$267$139$70$2
49 years$852$474$251$128$64$2
50 years$825$453$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $845,000, adding $3,469 every year, while hoping to spend $48,998 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: 56/25/19 Blend
49$845,000$845,000$845,000$845,000
50$934,768$889,983$876,886$982,181
51$977,981$881,459$854,128$1,006,364
52$1,023,960$870,875$828,966$1,027,145
53$1,072,934$858,078$801,266$1,048,701
54$1,125,156$842,907$770,892$1,071,118
55$1,180,903$825,190$737,697$1,094,493
56$1,240,476$804,746$701,532$1,118,934
57$1,304,209$781,383$662,237$1,144,567
58$1,372,464$754,896$619,648$1,171,529
59$1,445,641$725,072$573,592$1,199,978
60$1,524,177$691,681$523,888$1,230,086
61$1,608,553$654,483$470,348$1,262,053
62$1,699,296$613,223$412,775$1,296,096
63$1,796,985$567,632$350,964$1,332,463
64$1,902,256$517,424$284,699$1,371,429
65$2,015,806$462,298$213,757$1,413,302
66$2,138,404$401,936$137,903$1,458,426
67$2,270,891$336,001$56,893$1,507,186
68$2,414,195$264,138$0$1,560,009
69$2,569,334$185,972$0$1,623,368
70$2,737,426$101,105$0$1,704,499
71$2,919,704$9,119$0$1,792,505
72$3,117,521$0$0$1,888,108
73$3,332,365$0$0$2,016,977
74$3,565,874$0$0$2,159,837
75$3,819,850$0$0$2,315,287
76$4,096,274$0$0$2,484,550
77$4,397,328$0$0$2,668,971
78$4,725,411$0$0$2,870,030
79$5,083,165$0$0$3,089,354
80$5,473,496$0$0$3,328,737
81$5,899,604$0$0$3,590,151
82$6,365,011$0$0$3,875,769
83$6,873,594$0$0$4,187,981
84$7,429,623$0$0$4,529,421
85$8,037,796$0$0$4,902,988
86$8,703,290$0$0$5,311,872
87$9,431,801$0$0$5,759,589
88$10,229,605$0$0$6,250,010
89$11,103,611$0$0$6,787,396
90$12,061,430$0$0$7,376,441
91$13,111,441$0$0$8,022,317
92$14,262,876$0$0$8,730,716
93$15,525,900$0$0$9,507,911
94$16,911,711$0$0$10,360,809
95$18,432,643$0$0$11,297,021
96$20,102,282$0$0$12,324,928
97$21,935,594$0$0$13,453,762
98$23,949,064$0$0$14,693,697
99$26,160,854$0$0$16,055,935
100$28,590,969$0$0$17,552,822