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%15.6%
1 years$69,944$69,321$68,714$68,120$67,541$65,989
2 years$34,626$33,981$33,356$32,750$32,162$30,607
3 years$22,855$22,207$21,584$20,983$20,405$18,895
4 years$16,970$16,325$15,707$15,117$14,553$13,100
5 years$13,440$12,799$12,190$11,612$11,063$9,672
6 years$11,088$10,451$9,851$9,286$8,754$7,425
7 years$9,408$8,777$8,186$7,634$7,119$5,853
8 years$8,149$7,523$6,943$6,404$5,906$4,703
9 years$7,170$6,550$5,980$5,455$4,974$3,832
10 years$6,388$5,774$5,213$4,702$4,238$3,156
11 years$5,748$5,140$4,590$4,092$3,645$2,622
12 years$5,215$4,613$4,073$3,590$3,158$2,193
13 years$4,765$4,169$3,639$3,169$2,754$1,844
14 years$4,379$3,790$3,270$2,813$2,414$1,557
15 years$4,045$3,462$2,952$2,509$2,126$1,320
16 years$3,753$3,176$2,677$2,246$1,879$1,123
17 years$3,495$2,925$2,436$2,018$1,666$957
18 years$3,267$2,703$2,223$1,819$1,481$818
19 years$3,062$2,505$2,035$1,644$1,320$700
20 years$2,879$2,328$1,868$1,489$1,179$600
21 years$2,713$2,168$1,718$1,351$1,055$515
22 years$2,562$2,024$1,584$1,228$946$442
23 years$2,425$1,893$1,462$1,119$849$380
24 years$2,299$1,774$1,352$1,020$763$327
25 years$2,184$1,665$1,252$932$687$282
26 years$2,077$1,564$1,162$852$619$243
27 years$1,979$1,472$1,079$780$558$210
28 years$1,888$1,387$1,003$715$503$181
29 years$1,803$1,309$933$655$454$156
30 years$1,724$1,236$869$601$411$135
31 years$1,650$1,168$810$552$371$116
32 years$1,581$1,106$756$508$336$100
33 years$1,517$1,047$706$467$304$87
34 years$1,456$992$660$429$275$75
35 years$1,399$941$617$395$249$65
36 years$1,345$893$577$364$226$56
37 years$1,294$848$540$335$205$48
38 years$1,246$806$506$309$186$42
39 years$1,201$767$474$285$168$36
40 years$1,158$730$444$263$153$31
41 years$1,117$694$416$243$138$27
42 years$1,078$661$391$224$126$23
43 years$1,041$630$366$207$114$20
44 years$1,006$601$344$191$103$18
45 years$973$573$323$176$94$15
46 years$941$546$303$163$85$13
47 years$911$521$285$150$77$11
48 years$881$498$268$139$70$10
49 years$854$475$252$128$64$8
50 years$827$454$237$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $847,000, adding $2,529 every year, while hoping to spend $25,616 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: 50/40/10 Blend
49$847,000$847,000$847,000$847,000
50$936,003$891,112$877,983$980,195
51$1,004,220$907,521$880,140$1,027,099
52$1,078,536$923,876$881,511$1,075,115
53$1,159,548$940,146$882,043$1,126,700
54$1,247,909$956,301$881,678$1,182,195
55$1,344,340$972,304$880,359$1,241,977
56$1,449,636$988,120$878,024$1,306,462
57$1,564,669$1,003,708$874,609$1,376,107
58$1,690,402$1,019,026$870,044$1,451,418
59$1,827,893$1,034,028$864,260$1,532,951
60$1,978,307$1,048,665$857,182$1,621,321
61$2,142,928$1,062,884$848,732$1,717,205
62$2,323,171$1,076,629$838,828$1,821,348
63$2,520,590$1,089,840$827,385$1,934,576
64$2,736,901$1,102,452$814,313$2,057,797
65$2,973,990$1,114,398$799,518$2,192,011
66$3,233,937$1,125,603$782,902$2,338,325
67$3,519,032$1,135,991$764,362$2,497,956
68$3,831,796$1,145,477$743,791$2,672,248
69$4,175,008$1,153,974$721,077$2,862,682
70$4,551,726$1,161,387$696,101$3,070,894
71$4,965,323$1,167,615$668,740$3,298,686
72$5,419,509$1,172,552$638,867$3,548,045
73$5,918,377$1,176,084$606,346$3,821,164
74$6,466,429$1,178,091$571,037$4,120,459
75$7,068,632$1,178,444$532,793$4,448,598
76$7,730,451$1,177,007$491,461$4,808,520
77$8,457,913$1,173,635$446,880$5,203,467
78$9,257,652$1,168,175$398,883$5,637,014
79$10,136,981$1,160,465$347,294$6,113,103
80$11,103,956$1,150,330$291,931$6,636,084
81$12,167,451$1,137,589$232,603$7,210,748
82$13,337,247$1,122,046$169,110$7,842,382
83$14,624,116$1,103,496$101,246$8,536,816
84$16,039,929$1,081,721$28,791$9,300,476
85$17,597,767$1,056,490$0$10,140,448
86$19,312,039$1,027,558$0$11,069,724
87$21,198,625$994,666$0$12,095,357
88$23,275,021$957,541$0$13,223,796
89$25,560,504$915,892$0$14,465,542
90$28,076,317$869,412$0$15,832,170
91$30,845,864$817,776$0$17,336,440
92$33,894,938$760,642$0$18,992,418
93$37,251,954$697,647$0$20,815,612
94$40,948,229$628,406$0$22,823,113
95$45,018,265$552,515$0$25,033,763
96$49,500,084$469,545$0$27,468,332
97$54,435,582$379,042$0$30,149,715
98$59,870,926$280,530$0$33,103,148
99$65,856,987$173,502$0$36,356,450
100$72,449,821$57,425$0$39,940,284