Can I retire at age 50 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$69,944$69,321$68,714$68,120$67,541$66,808
2 years$34,626$33,981$33,356$32,750$32,162$31,424
3 years$22,855$22,207$21,584$20,983$20,405$19,685
4 years$16,970$16,325$15,707$15,117$14,553$13,856
5 years$13,440$12,799$12,190$11,612$11,063$10,392
6 years$11,088$10,451$9,851$9,286$8,754$8,109
7 years$9,408$8,777$8,186$7,634$7,119$6,501
8 years$8,149$7,523$6,943$6,404$5,906$5,314
9 years$7,170$6,550$5,980$5,455$4,974$4,408
10 years$6,388$5,774$5,213$4,702$4,238$3,698
11 years$5,748$5,140$4,590$4,092$3,645$3,130
12 years$5,215$4,613$4,073$3,590$3,158$2,669
13 years$4,765$4,169$3,639$3,169$2,754$2,289
14 years$4,379$3,790$3,270$2,813$2,414$1,973
15 years$4,045$3,462$2,952$2,509$2,126$1,707
16 years$3,753$3,176$2,677$2,246$1,879$1,483
17 years$3,495$2,925$2,436$2,018$1,666$1,291
18 years$3,267$2,703$2,223$1,819$1,481$1,127
19 years$3,062$2,505$2,035$1,644$1,320$986
20 years$2,879$2,328$1,868$1,489$1,179$865
21 years$2,713$2,168$1,718$1,351$1,055$759
22 years$2,562$2,024$1,584$1,228$946$668
23 years$2,425$1,893$1,462$1,119$849$588
24 years$2,299$1,774$1,352$1,020$763$518
25 years$2,184$1,665$1,252$932$687$457
26 years$2,077$1,564$1,162$852$619$403
27 years$1,979$1,472$1,079$780$558$356
28 years$1,888$1,387$1,003$715$503$315
29 years$1,803$1,309$933$655$454$278
30 years$1,724$1,236$869$601$411$246
31 years$1,650$1,168$810$552$371$218
32 years$1,581$1,106$756$508$336$193
33 years$1,517$1,047$706$467$304$171
34 years$1,456$992$660$429$275$152
35 years$1,399$941$617$395$249$134
36 years$1,345$893$577$364$226$119
37 years$1,294$848$540$335$205$106
38 years$1,246$806$506$309$186$94
39 years$1,201$767$474$285$168$83
40 years$1,158$730$444$263$153$74
41 years$1,117$694$416$243$138$65
42 years$1,078$661$391$224$126$58
43 years$1,041$630$366$207$114$51
44 years$1,006$601$344$191$103$46
45 years$973$573$323$176$94$41
46 years$941$546$303$163$85$36
47 years$911$521$285$150$77$32
48 years$881$498$268$139$70$28
49 years$854$475$252$128$64$25
50 years$827$454$237$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $847,000, adding $5,842 every year, while hoping to spend $23,322 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: 68/9/23 Blend
49$847,000$847,000$847,000$847,000
50$939,420$894,529$881,401$997,439
51$1,010,426$913,547$886,113$1,056,076
52$1,087,894$932,714$890,202$1,116,973
53$1,172,457$952,015$893,621$1,183,041
54$1,264,813$971,430$896,323$1,254,793
55$1,365,732$990,938$898,258$1,332,789
56$1,476,060$1,010,517$899,373$1,417,650
57$1,596,729$1,030,143$899,613$1,510,058
58$1,728,764$1,049,788$898,919$1,610,766
59$1,873,296$1,069,426$897,230$1,720,604
60$2,031,568$1,089,024$894,483$1,840,486
61$2,204,950$1,108,548$890,611$1,971,419
62$2,394,952$1,127,964$885,543$2,114,514
63$2,603,234$1,147,232$879,206$2,270,995
64$2,831,627$1,166,309$871,523$2,442,211
65$3,082,147$1,185,152$862,412$2,629,649
66$3,357,013$1,203,711$851,790$2,834,947
67$3,658,670$1,221,935$839,567$3,059,914
68$3,989,813$1,239,768$825,651$3,306,539
69$4,353,407$1,257,150$809,944$3,577,018
70$4,752,723$1,274,019$792,345$3,873,769
71$5,191,359$1,290,304$772,747$4,199,460
72$5,673,283$1,305,935$751,040$4,557,028
73$6,202,864$1,320,832$727,105$4,949,715
74$6,784,916$1,334,912$700,823$5,381,089
75$7,424,742$1,348,087$672,065$5,855,087
76$8,128,185$1,360,262$640,698$6,376,046
77$8,901,681$1,371,337$606,584$6,948,748
78$9,752,324$1,381,204$569,575$7,578,463
79$10,687,926$1,389,748$529,521$8,270,998
80$11,717,097$1,396,848$486,263$9,032,757
81$12,849,322$1,402,375$439,634$9,870,796
82$14,095,052$1,406,190$389,461$10,792,891
83$15,465,802$1,408,148$335,562$11,807,616
84$16,974,260$1,408,094$277,750$12,924,418
85$18,634,405$1,405,861$215,825$14,153,712
86$20,461,642$1,401,275$149,582$15,506,973
87$22,472,942$1,394,150$78,806$16,996,853
88$24,687,007$1,384,289$3,271$18,637,294
89$27,124,445$1,371,482$0$20,443,662
90$29,807,961$1,355,508$0$22,451,873
91$32,762,576$1,336,130$0$24,663,704
92$36,015,859$1,313,101$0$27,098,988
93$39,598,189$1,286,155$0$29,780,463
94$43,543,041$1,255,013$0$32,733,188
95$47,887,302$1,219,380$0$35,984,776
96$52,671,618$1,178,940$0$39,565,655
97$57,940,778$1,133,364$0$43,509,357
98$63,744,137$1,082,298$0$47,852,832
99$70,136,081$1,025,373$0$52,636,800
100$77,176,539$962,194$0$57,906,132