Can I retire at age 50 with 847,000?

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 $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%18%
1 years$69,944$69,321$68,714$68,120$67,541$65,353
2 years$34,626$33,981$33,356$32,750$32,162$29,978
3 years$22,855$22,207$21,584$20,983$20,405$18,294
4 years$16,970$16,325$15,707$15,117$14,553$12,531
5 years$13,440$12,799$12,190$11,612$11,063$9,135
6 years$11,088$10,451$9,851$9,286$8,754$6,922
7 years$9,408$8,777$8,186$7,634$7,119$5,383
8 years$8,149$7,523$6,943$6,404$5,906$4,264
9 years$7,170$6,550$5,980$5,455$4,974$3,424
10 years$6,388$5,774$5,213$4,702$4,238$2,778
11 years$5,748$5,140$4,590$4,092$3,645$2,273
12 years$5,215$4,613$4,073$3,590$3,158$1,871
13 years$4,765$4,169$3,639$3,169$2,754$1,548
14 years$4,379$3,790$3,270$2,813$2,414$1,286
15 years$4,045$3,462$2,952$2,509$2,126$1,072
16 years$3,753$3,176$2,677$2,246$1,879$896
17 years$3,495$2,925$2,436$2,018$1,666$751
18 years$3,267$2,703$2,223$1,819$1,481$630
19 years$3,062$2,505$2,035$1,644$1,320$530
20 years$2,879$2,328$1,868$1,489$1,179$446
21 years$2,713$2,168$1,718$1,351$1,055$376
22 years$2,562$2,024$1,584$1,228$946$317
23 years$2,425$1,893$1,462$1,119$849$267
24 years$2,299$1,774$1,352$1,020$763$226
25 years$2,184$1,665$1,252$932$687$191
26 years$2,077$1,564$1,162$852$619$161
27 years$1,979$1,472$1,079$780$558$136
28 years$1,888$1,387$1,003$715$503$115
29 years$1,803$1,309$933$655$454$98
30 years$1,724$1,236$869$601$411$83
31 years$1,650$1,168$810$552$371$70
32 years$1,581$1,106$756$508$336$59
33 years$1,517$1,047$706$467$304$50
34 years$1,456$992$660$429$275$42
35 years$1,399$941$617$395$249$36
36 years$1,345$893$577$364$226$30
37 years$1,294$848$540$335$205$26
38 years$1,246$806$506$309$186$22
39 years$1,201$767$474$285$168$19
40 years$1,158$730$444$263$153$16
41 years$1,117$694$416$243$138$13
42 years$1,078$661$391$224$126$11
43 years$1,041$630$366$207$114$10
44 years$1,006$601$344$191$103$8
45 years$973$573$323$176$94$7
46 years$941$546$303$163$85$6
47 years$911$521$285$150$77$5
48 years$881$498$268$139$70$4
49 years$854$475$252$128$64$4
50 years$827$454$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $847,000, adding $4,496 every year, while hoping to spend $32,747 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: 62/18/20 Blend
49$847,000$847,000$847,000$847,000
50$938,032$893,141$880,012$991,077
51$998,868$902,062$874,650$1,036,328
52$1,064,813$910,323$868,011$1,081,658
53$1,136,351$917,857$860,017$1,130,396
54$1,214,019$924,592$850,587$1,182,876
55$1,298,405$930,452$839,638$1,239,470
56$1,390,155$935,357$827,078$1,300,585
57$1,489,982$939,221$812,817$1,366,674
58$1,598,670$941,952$796,755$1,438,233
59$1,717,080$943,453$778,792$1,515,814
60$1,846,161$943,622$758,821$1,600,021
61$1,986,957$942,347$736,730$1,691,527
62$2,140,618$939,514$712,401$1,791,068
63$2,308,409$934,997$685,715$1,899,462
64$2,491,722$928,668$656,541$2,017,609
65$2,692,091$920,385$624,748$2,146,503
66$2,911,202$910,002$590,196$2,287,240
67$3,150,916$897,363$552,738$2,441,030
68$3,413,277$882,302$512,223$2,609,210
69$3,700,540$864,644$468,491$2,793,252
70$4,015,186$844,202$421,376$2,994,783
71$4,359,946$820,780$370,704$3,215,597
72$4,737,832$794,169$316,294$3,457,673
73$5,152,157$764,149$257,956$3,723,195
74$5,606,572$730,487$195,492$4,014,573
75$6,105,097$692,936$128,696$4,334,465
76$6,652,161$651,234$57,351$4,685,802
77$7,252,643$605,106$0$5,071,819
78$7,911,916$554,259$0$5,500,094
79$8,635,899$498,385$0$5,983,873
80$9,431,112$437,158$0$6,515,299
81$10,304,740$370,233$0$7,099,215
82$11,264,694$297,245$0$7,740,956
83$12,319,693$217,811$0$8,446,408
84$13,479,342$131,523$0$9,222,054
85$14,754,220$37,953$0$10,075,044
86$16,155,985$0$0$11,013,254
87$17,697,481$0$0$12,057,919
88$19,392,857$0$0$13,215,206
89$21,257,703$0$0$14,488,248
90$23,309,198$0$0$15,888,782
91$25,566,266$0$0$17,429,736
92$28,049,760$0$0$19,125,356
93$30,782,657$0$0$20,991,340
94$33,790,271$0$0$23,044,984
95$37,100,497$0$0$25,305,343
96$40,744,070$0$0$27,793,417
97$44,754,856$0$0$30,532,343
98$49,170,171$0$0$33,547,615
99$54,031,133$0$0$36,867,325
100$59,383,050$0$0$40,522,429