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%15%
1 years$69,862$69,240$68,632$68,040$67,461$66,072
2 years$34,585$33,941$33,317$32,711$32,124$30,731
3 years$22,828$22,181$21,558$20,959$20,381$19,027
4 years$16,950$16,305$15,689$15,099$14,536$13,232
5 years$13,425$12,784$12,175$11,598$11,050$9,800
6 years$11,075$10,439$9,839$9,275$8,743$7,548
7 years$9,397$8,766$8,177$7,625$7,111$5,970
8 years$8,140$7,514$6,934$6,397$5,899$4,813
9 years$7,162$6,543$5,973$5,449$4,968$3,936
10 years$6,380$5,767$5,207$4,697$4,233$3,254
11 years$5,741$5,134$4,584$4,088$3,640$2,714
12 years$5,209$4,608$4,068$3,585$3,155$2,278
13 years$4,759$4,164$3,635$3,165$2,751$1,923
14 years$4,373$3,785$3,266$2,810$2,411$1,631
15 years$4,040$3,458$2,949$2,506$2,123$1,389
16 years$3,748$3,173$2,673$2,244$1,877$1,186
17 years$3,491$2,922$2,433$2,016$1,664$1,015
18 years$3,263$2,700$2,221$1,817$1,479$871
19 years$3,059$2,502$2,033$1,642$1,319$749
20 years$2,875$2,325$1,866$1,487$1,178$645
21 years$2,710$2,166$1,716$1,349$1,054$556
22 years$2,559$2,022$1,582$1,227$945$480
23 years$2,422$1,891$1,460$1,117$848$415
24 years$2,296$1,772$1,351$1,019$762$359
25 years$2,181$1,663$1,251$931$686$310
26 years$2,075$1,563$1,160$851$618$269
27 years$1,977$1,471$1,077$779$557$233
28 years$1,886$1,386$1,002$714$503$202
29 years$1,801$1,307$932$654$454$175
30 years$1,722$1,235$868$601$410$152
31 years$1,648$1,167$809$552$371$132
32 years$1,580$1,104$755$507$335$114
33 years$1,515$1,046$705$466$304$99
34 years$1,454$991$659$429$275$86
35 years$1,397$940$616$395$249$75
36 years$1,344$892$576$364$226$65
37 years$1,293$847$539$335$204$57
38 years$1,245$805$505$309$185$49
39 years$1,200$766$473$285$168$43
40 years$1,157$729$443$263$152$37
41 years$1,116$694$416$242$138$32
42 years$1,077$661$390$224$125$28
43 years$1,040$629$366$206$114$24
44 years$1,005$600$344$191$103$21
45 years$972$572$323$176$94$18
46 years$940$546$303$163$85$16
47 years$909$521$285$150$77$14
48 years$880$497$268$139$70$12
49 years$853$475$251$128$64$11
50 years$826$454$236$119$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $846,000, adding $3,684 every year, while hoping to spend $54,903 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: 45/46/9 Blend
49$846,000$846,000$846,000$846,000
50$936,092$891,254$878,141$975,683
51$973,157$876,509$849,142$988,696
52$1,012,163$859,202$817,332$996,860
53$1,053,249$839,148$782,558$1,004,459
54$1,096,568$816,154$744,662$1,011,461
55$1,142,285$790,013$703,476$1,017,832
56$1,190,583$760,509$658,827$1,023,541
57$1,241,659$727,410$610,534$1,028,560
58$1,295,728$690,473$558,406$1,032,859
59$1,353,026$649,439$502,246$1,036,412
60$1,413,809$604,037$441,847$1,039,196
61$1,478,360$553,977$376,991$1,041,193
62$1,546,986$498,955$307,453$1,042,385
63$1,620,024$438,649$232,998$1,042,764
64$1,697,841$372,718$153,379$1,042,324
65$1,780,843$300,802$68,338$1,041,069
66$1,869,469$222,522$0$1,039,010
67$1,964,206$137,477$0$1,038,319
68$2,065,583$45,241$0$1,044,019
69$2,174,183$0$0$1,049,614
70$2,290,644$0$0$1,082,846
71$2,415,668$0$0$1,143,173
72$2,550,022$0$0$1,208,074
73$2,694,551$0$0$1,277,967
74$2,850,181$0$0$1,353,309
75$3,017,930$0$0$1,434,603
76$3,198,917$0$0$1,522,401
77$3,394,368$0$0$1,617,312
78$3,605,634$0$0$1,720,001
79$3,834,198$0$0$1,831,202
80$4,081,690$0$0$1,951,723
81$4,349,903$0$0$2,082,450
82$4,640,808$0$0$2,224,358
83$4,956,573$0$0$2,378,519
84$5,299,581$0$0$2,546,115
85$5,672,456$0$0$2,728,442
86$6,078,081$0$0$2,926,929
87$6,519,632$0$0$3,143,148
88$7,000,602$0$0$3,378,827
89$7,524,833$0$0$3,635,871
90$8,096,556$0$0$3,916,374
91$8,720,427$0$0$4,222,643
92$9,401,570$0$0$4,557,214
93$10,145,627$0$0$4,922,884
94$10,958,809$0$0$5,322,728
95$11,847,952$0$0$5,760,135
96$12,820,586$0$0$6,238,833
97$13,884,998$0$0$6,762,930
98$15,050,318$0$0$7,336,948
99$16,326,594$0$0$7,965,869
100$17,724,897$0$0$8,655,177