Can I retire at age 50 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$69,862$69,240$68,632$68,040$67,461$65,644
2 years$34,585$33,941$33,317$32,711$32,124$30,307
3 years$22,828$22,181$21,558$20,959$20,381$18,619
4 years$16,950$16,305$15,689$15,099$14,536$12,844
5 years$13,425$12,784$12,175$11,598$11,050$9,433
6 years$11,075$10,439$9,839$9,275$8,743$7,202
7 years$9,397$8,766$8,177$7,625$7,111$5,646
8 years$8,140$7,514$6,934$6,397$5,899$4,509
9 years$7,162$6,543$5,973$5,449$4,968$3,652
10 years$6,380$5,767$5,207$4,697$4,233$2,990
11 years$5,741$5,134$4,584$4,088$3,640$2,468
12 years$5,209$4,608$4,068$3,585$3,155$2,050
13 years$4,759$4,164$3,635$3,165$2,751$1,712
14 years$4,373$3,785$3,266$2,810$2,411$1,436
15 years$4,040$3,458$2,949$2,506$2,123$1,209
16 years$3,748$3,173$2,673$2,244$1,877$1,021
17 years$3,491$2,922$2,433$2,016$1,664$864
18 years$3,263$2,700$2,221$1,817$1,479$733
19 years$3,059$2,502$2,033$1,642$1,319$623
20 years$2,875$2,325$1,866$1,487$1,178$530
21 years$2,710$2,166$1,716$1,349$1,054$451
22 years$2,559$2,022$1,582$1,227$945$385
23 years$2,422$1,891$1,460$1,117$848$328
24 years$2,296$1,772$1,351$1,019$762$280
25 years$2,181$1,663$1,251$931$686$239
26 years$2,075$1,563$1,160$851$618$205
27 years$1,977$1,471$1,077$779$557$175
28 years$1,886$1,386$1,002$714$503$150
29 years$1,801$1,307$932$654$454$128
30 years$1,722$1,235$868$601$410$110
31 years$1,648$1,167$809$552$371$94
32 years$1,580$1,104$755$507$335$81
33 years$1,515$1,046$705$466$304$69
34 years$1,454$991$659$429$275$59
35 years$1,397$940$616$395$249$51
36 years$1,344$892$576$364$226$43
37 years$1,293$847$539$335$204$37
38 years$1,245$805$505$309$185$32
39 years$1,200$766$473$285$168$27
40 years$1,157$729$443$263$152$23
41 years$1,116$694$416$242$138$20
42 years$1,077$661$390$224$125$17
43 years$1,040$629$366$206$114$15
44 years$1,005$600$344$191$103$13
45 years$972$572$323$176$94$11
46 years$940$546$303$163$85$9
47 years$909$521$285$150$77$8
48 years$880$497$268$139$70$7
49 years$853$475$251$128$64$6
50 years$826$454$236$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $846,000, adding $4,268 every year, while hoping to spend $34,235 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: 39/41/20 Blend
49$846,000$846,000$846,000$846,000
50$936,694$891,856$878,743$967,494
51$995,812$899,132$871,756$997,304
52$1,059,811$905,616$863,386$1,025,945
53$1,129,155$911,234$853,553$1,056,210
54$1,204,351$915,907$842,169$1,088,266
55$1,285,958$919,550$829,145$1,122,298
56$1,374,590$922,072$814,386$1,158,510
57$1,470,923$923,378$797,792$1,197,133
58$1,575,699$923,365$779,260$1,238,420
59$1,689,737$921,927$758,682$1,282,654
60$1,813,936$918,947$735,944$1,330,149
61$1,949,287$914,305$710,927$1,381,253
62$2,096,879$907,871$683,508$1,436,354
63$2,257,911$899,507$653,556$1,495,882
64$2,433,704$889,069$620,936$1,560,313
65$2,625,710$876,402$585,506$1,630,177
66$2,835,530$861,343$547,118$1,706,060
67$3,064,924$843,719$505,617$1,788,612
68$3,315,832$823,347$460,841$1,878,556
69$3,590,389$800,033$412,620$1,976,690
70$3,890,945$773,571$360,780$2,083,900
71$4,220,090$743,744$305,134$2,201,167
72$4,580,673$710,322$245,490$2,329,578
73$4,975,836$673,061$181,648$2,470,336
74$5,409,035$631,705$113,397$2,624,773
75$5,884,078$585,980$40,518$2,794,363
76$6,405,161$535,600$0$2,980,739
77$6,976,903$480,260$0$3,193,656
78$7,604,392$419,638$0$3,436,905
79$8,293,235$353,395$0$3,704,094
80$9,049,605$281,171$0$3,997,721
81$9,880,304$202,588$0$4,320,546
82$10,792,825$117,245$0$4,675,616
83$11,795,423$24,719$0$5,066,298
84$12,897,189$0$0$5,496,306
85$14,108,143$0$0$6,003,776
86$15,439,321$0$0$6,574,012
87$16,902,882$0$0$7,201,083
88$18,512,221$0$0$7,890,747
89$20,282,098$0$0$8,649,343
90$22,228,774$0$0$9,483,860
91$24,370,165$0$0$10,401,993
92$26,726,010$0$0$11,412,226
93$29,318,059$0$0$12,523,904
94$32,170,277$0$0$13,747,323
95$35,309,066$0$0$15,093,829
96$38,763,521$0$0$16,575,924
97$42,565,697$0$0$18,207,381
98$46,750,917$0$0$20,003,380
99$51,358,100$0$0$21,980,645
100$56,430,131$0$0$24,157,603