Can I retire at age 50 with 845,000?

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 $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%18.8%
1 years$69,779$69,158$68,551$67,959$67,381$64,991
2 years$34,544$33,901$33,277$32,673$32,086$29,703
3 years$22,801$22,155$21,533$20,934$20,357$18,056
4 years$16,930$16,286$15,670$15,082$14,519$12,318
5 years$13,409$12,768$12,161$11,584$11,037$8,942
6 years$11,062$10,426$9,828$9,264$8,733$6,746
7 years$9,386$8,756$8,167$7,616$7,102$5,222
8 years$8,130$7,506$6,926$6,389$5,892$4,117
9 years$7,153$6,535$5,965$5,442$4,962$3,290
10 years$6,373$5,760$5,201$4,691$4,228$2,656
11 years$5,734$5,128$4,579$4,083$3,636$2,162
12 years$5,203$4,603$4,064$3,581$3,151$1,770
13 years$4,753$4,159$3,630$3,162$2,748$1,456
14 years$4,368$3,781$3,262$2,807$2,409$1,203
15 years$4,035$3,454$2,945$2,503$2,121$997
16 years$3,744$3,169$2,670$2,241$1,874$829
17 years$3,487$2,918$2,430$2,014$1,662$690
18 years$3,259$2,697$2,218$1,815$1,478$576
19 years$3,055$2,499$2,031$1,640$1,317$481
20 years$2,872$2,322$1,864$1,485$1,176$402
21 years$2,706$2,163$1,714$1,348$1,053$337
22 years$2,556$2,019$1,580$1,225$944$282
23 years$2,419$1,889$1,459$1,116$847$237
24 years$2,294$1,770$1,349$1,018$761$199
25 years$2,179$1,661$1,249$930$685$167
26 years$2,072$1,561$1,159$850$617$140
27 years$1,974$1,469$1,076$778$556$118
28 years$1,883$1,384$1,000$713$502$99
29 years$1,799$1,306$931$654$453$83
30 years$1,720$1,233$867$600$410$70
31 years$1,647$1,166$808$551$370$59
32 years$1,578$1,103$754$506$335$50
33 years$1,513$1,045$704$466$303$42
34 years$1,453$990$658$428$274$35
35 years$1,396$939$615$394$249$29
36 years$1,342$891$575$363$225$25
37 years$1,291$846$539$335$204$21
38 years$1,244$804$504$308$185$18
39 years$1,198$765$473$284$168$15
40 years$1,155$728$443$262$152$12
41 years$1,115$693$415$242$138$10
42 years$1,076$660$390$223$125$9
43 years$1,039$629$366$206$114$7
44 years$1,004$599$343$190$103$6
45 years$971$571$322$176$94$5
46 years$939$545$303$162$85$4
47 years$908$520$284$150$77$4
48 years$879$497$267$139$70$3
49 years$852$474$251$128$64$3
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 $4,073 every year, while hoping to spend $49,372 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: 66/27/7 Blend
49$845,000$845,000$845,000$845,000
50$935,391$890,606$877,509$995,710
51$978,270$881,715$854,374$1,027,407
52$1,023,867$870,732$828,809$1,055,749
53$1,072,409$857,505$800,681$1,085,414
54$1,124,141$841,869$769,851$1,116,527
55$1,179,333$823,651$736,171$1,149,223
56$1,238,282$802,667$699,489$1,183,656
57$1,301,312$778,722$659,647$1,219,995
58$1,368,777$751,611$616,477$1,258,427
59$1,441,068$721,116$569,804$1,299,162
60$1,518,611$687,005$519,447$1,342,433
61$1,601,877$649,036$465,216$1,388,497
62$1,691,379$606,949$406,912$1,437,643
63$1,787,683$560,473$344,327$1,490,189
64$1,891,409$509,319$277,244$1,546,488
65$2,003,239$453,182$205,438$1,606,935
66$2,123,921$391,739$128,671$1,671,965
67$2,254,278$324,651$46,699$1,742,063
68$2,395,213$251,558$0$1,817,765
69$2,547,720$172,079$0$1,902,714
70$2,712,890$85,814$0$1,998,444
71$2,891,926$0$0$2,102,216
72$3,086,145$0$0$2,217,141
73$3,297,002$0$0$2,369,636
74$3,526,092$0$0$2,535,365
75$3,775,172$0$0$2,715,605
76$4,046,176$0$0$2,911,761
77$4,341,228$0$0$3,125,379
78$4,662,670$0$0$3,358,160
79$5,013,076$0$0$3,611,974
80$5,395,279$0$0$3,888,883
81$5,812,400$0$0$4,191,155
82$6,267,872$0$0$4,521,284
83$6,765,474$0$0$4,882,020
84$7,309,367$0$0$5,276,387
85$7,904,132$0$0$5,707,716
86$8,554,813$0$0$6,179,674
87$9,266,965$0$0$6,696,300
88$10,046,701$0$0$7,262,040
89$10,900,759$0$0$7,881,791
90$11,836,552$0$0$8,560,947
91$12,862,250$0$0$9,305,445
92$13,986,848$0$0$10,121,827
93$15,220,253$0$0$11,017,298
94$16,573,378$0$0$11,999,793
95$18,058,243$0$0$13,078,053
96$19,688,086$0$0$14,261,704
97$21,477,493$0$0$15,561,354
98$23,442,528$0$0$16,988,684
99$25,600,887$0$0$18,556,563
100$27,972,067$0$0$20,279,170