Can I retire at age 50 with 848,000?

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 $848,000?

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%
1 years$70,027$69,403$68,795$68,201$67,621$65,404
2 years$34,667$34,021$33,395$32,789$32,200$29,988
3 years$22,882$22,233$21,609$21,008$20,429$18,291
4 years$16,990$16,344$15,726$15,135$14,570$12,522
5 years$13,456$12,814$12,204$11,625$11,076$9,124
6 years$11,101$10,463$9,863$9,297$8,764$6,909
7 years$9,419$8,787$8,196$7,643$7,128$5,370
8 years$8,159$7,532$6,951$6,412$5,913$4,252
9 years$7,179$6,558$5,987$5,461$4,980$3,412
10 years$6,395$5,781$5,219$4,708$4,243$2,767
11 years$5,755$5,146$4,595$4,097$3,649$2,262
12 years$5,221$4,619$4,078$3,594$3,162$1,861
13 years$4,770$4,174$3,643$3,173$2,757$1,538
14 years$4,384$3,794$3,274$2,816$2,417$1,277
15 years$4,049$3,466$2,956$2,512$2,128$1,064
16 years$3,757$3,180$2,680$2,249$1,881$889
17 years$3,499$2,929$2,438$2,021$1,668$744
18 years$3,270$2,706$2,226$1,821$1,483$624
19 years$3,066$2,508$2,038$1,646$1,322$524
20 years$2,882$2,331$1,870$1,490$1,181$441
21 years$2,716$2,171$1,720$1,353$1,057$371
22 years$2,565$2,026$1,585$1,230$947$313
23 years$2,428$1,895$1,464$1,120$850$264
24 years$2,302$1,776$1,354$1,022$764$223
25 years$2,186$1,667$1,254$933$688$188
26 years$2,080$1,566$1,163$853$619$159
27 years$1,981$1,474$1,080$781$558$134
28 years$1,890$1,389$1,004$715$504$113
29 years$1,805$1,310$934$656$455$96
30 years$1,726$1,237$870$602$411$81
31 years$1,652$1,170$811$553$372$69
32 years$1,583$1,107$757$508$336$58
33 years$1,519$1,048$707$467$304$49
34 years$1,458$993$660$430$275$42
35 years$1,401$942$617$396$250$35
36 years$1,347$894$578$365$226$30
37 years$1,296$849$541$336$205$25
38 years$1,248$807$506$310$186$21
39 years$1,202$768$474$285$168$18
40 years$1,159$730$445$263$153$15
41 years$1,118$695$417$243$139$13
42 years$1,080$662$391$224$126$11
43 years$1,043$631$367$207$114$9
44 years$1,008$601$344$191$104$8
45 years$974$573$323$176$94$7
46 years$942$547$304$163$85$6
47 years$912$522$285$151$78$5
48 years$882$498$268$139$70$4
49 years$855$476$252$129$64$3
50 years$828$455$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 $848,000, adding $5,839 every year, while hoping to spend $22,311 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: 85/8/7 Blend
49$848,000$848,000$848,000$848,000
50$940,519$895,575$882,431$1,019,420
51$1,012,713$915,719$888,254$1,091,923
52$1,091,523$936,103$893,524$1,167,906
53$1,177,601$956,714$898,199$1,250,675
54$1,271,663$977,540$902,235$1,340,896
55$1,374,498$998,565$905,586$1,439,305
56$1,486,976$1,019,774$908,202$1,546,711
57$1,610,054$1,041,149$910,033$1,664,006
58$1,744,785$1,062,671$911,025$1,792,170
59$1,892,329$1,084,318$911,120$1,932,284
60$2,053,965$1,106,068$910,261$2,085,541
61$2,231,099$1,127,895$908,384$2,253,250
62$2,425,281$1,149,771$905,425$2,436,857
63$2,638,218$1,171,668$901,315$2,637,952
64$2,871,789$1,193,553$895,982$2,858,290
65$3,128,065$1,215,391$889,351$3,099,801
66$3,409,328$1,237,145$881,344$3,364,613
67$3,718,088$1,258,774$871,878$3,655,070
68$4,057,114$1,280,234$860,866$3,973,754
69$4,429,453$1,301,480$848,219$4,323,510
70$4,838,464$1,322,459$833,842$4,707,473
71$5,287,847$1,343,119$817,634$5,129,096
72$5,781,675$1,363,400$799,494$5,592,184
73$6,324,441$1,383,241$779,311$6,100,931
74$6,921,088$1,402,575$756,973$6,659,955
75$7,577,068$1,421,330$732,360$7,274,346
76$8,298,384$1,439,430$705,349$7,949,714
77$9,091,650$1,456,793$675,809$8,692,237
78$9,964,155$1,473,332$643,605$9,508,726
79$10,923,928$1,488,954$608,595$10,406,684
80$11,979,815$1,503,560$570,630$11,394,378
81$13,141,565$1,517,043$529,554$12,480,920
82$14,419,917$1,529,290$485,207$13,676,348
83$15,826,705$1,540,182$437,418$14,991,726
84$17,374,969$1,549,591$386,011$16,439,242
85$19,079,074$1,557,379$330,801$18,032,330
86$20,954,852$1,563,403$271,595$19,785,793
87$23,019,744$1,567,508$208,191$21,715,942
88$25,292,973$1,569,530$140,380$23,840,751
89$27,795,714$1,569,295$67,941$26,180,027
90$30,551,306$1,566,619$0$28,755,599
91$33,585,461$1,561,305$0$31,592,218
92$36,926,514$1,553,146$0$34,721,152
93$40,605,688$1,541,920$0$38,166,547
94$44,657,387$1,527,392$0$41,960,611
95$49,119,522$1,509,316$0$46,138,834
96$54,033,867$1,487,427$0$50,740,325
97$59,446,457$1,461,445$0$55,808,179
98$65,408,016$1,431,077$0$61,389,888
99$71,974,443$1,396,008$0$67,537,782
100$79,207,331$1,355,908$0$74,309,532