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%19.3%
1 years$70,027$69,403$68,795$68,201$67,621$65,092
2 years$34,667$34,021$33,395$32,789$32,200$29,682
3 years$22,882$22,233$21,609$21,008$20,429$18,000
4 years$16,990$16,344$15,726$15,135$14,570$12,249
5 years$13,456$12,814$12,204$11,625$11,076$8,868
6 years$11,101$10,463$9,863$9,297$8,764$6,672
7 years$9,419$8,787$8,196$7,643$7,128$5,150
8 years$8,159$7,532$6,951$6,412$5,913$4,048
9 years$7,179$6,558$5,987$5,461$4,980$3,225
10 years$6,395$5,781$5,219$4,708$4,243$2,596
11 years$5,755$5,146$4,595$4,097$3,649$2,105
12 years$5,221$4,619$4,078$3,594$3,162$1,718
13 years$4,770$4,174$3,643$3,173$2,757$1,409
14 years$4,384$3,794$3,274$2,816$2,417$1,160
15 years$4,049$3,466$2,956$2,512$2,128$958
16 years$3,757$3,180$2,680$2,249$1,881$793
17 years$3,499$2,929$2,438$2,021$1,668$658
18 years$3,270$2,706$2,226$1,821$1,483$547
19 years$3,066$2,508$2,038$1,646$1,322$455
20 years$2,882$2,331$1,870$1,490$1,181$379
21 years$2,716$2,171$1,720$1,353$1,057$317
22 years$2,565$2,026$1,585$1,230$947$264
23 years$2,428$1,895$1,464$1,120$850$221
24 years$2,302$1,776$1,354$1,022$764$185
25 years$2,186$1,667$1,254$933$688$154
26 years$2,080$1,566$1,163$853$619$129
27 years$1,981$1,474$1,080$781$558$108
28 years$1,890$1,389$1,004$715$504$90
29 years$1,805$1,310$934$656$455$76
30 years$1,726$1,237$870$602$411$63
31 years$1,652$1,170$811$553$372$53
32 years$1,583$1,107$757$508$336$44
33 years$1,519$1,048$707$467$304$37
34 years$1,458$993$660$430$275$31
35 years$1,401$942$617$396$250$26
36 years$1,347$894$578$365$226$22
37 years$1,296$849$541$336$205$18
38 years$1,248$807$506$310$186$15
39 years$1,202$768$474$285$168$13
40 years$1,159$730$445$263$153$11
41 years$1,118$695$417$243$139$9
42 years$1,080$662$391$224$126$8
43 years$1,043$631$367$207$114$6
44 years$1,008$601$344$191$104$5
45 years$974$573$323$176$94$4
46 years$942$547$304$163$85$4
47 years$912$522$285$151$78$3
48 years$882$498$268$139$70$3
49 years$855$476$252$129$64$2
50 years$828$455$237$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $848,000, adding $5,915 every year, while hoping to spend $57,579 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: 44/28/28 Blend
49$848,000$848,000$848,000$848,000
50$940,597$895,653$882,509$974,114
51$975,275$878,277$850,810$981,231
52$1,011,559$858,119$816,118$982,996
53$1,049,554$834,983$778,274$983,807
54$1,089,372$808,660$737,109$983,609
55$1,131,132$778,929$692,447$982,345
56$1,174,968$745,556$644,104$979,957
57$1,221,021$708,295$591,888$976,386
58$1,269,447$666,883$535,599$971,572
59$1,320,415$621,045$475,025$965,456
60$1,374,108$570,487$409,950$957,978
61$1,430,727$514,901$340,143$949,077
62$1,490,490$453,960$265,366$938,695
63$1,553,634$387,318$185,370$926,774
64$1,620,419$314,610$99,894$913,256
65$1,691,127$235,452$8,666$898,088
66$1,766,069$149,436$0$881,218
67$1,845,582$56,133$0$889,095
68$1,930,036$0$0$899,664
69$2,019,834$0$0$924,226
70$2,115,419$0$0$968,836
71$2,217,275$0$0$1,016,432
72$2,325,933$0$0$1,067,269
73$2,441,971$0$0$1,121,627
74$2,566,028$0$0$1,179,813
75$2,698,800$0$0$1,242,163
76$2,841,053$0$0$1,309,046
77$2,993,625$0$0$1,380,866
78$3,157,437$0$0$1,458,069
79$3,333,499$0$0$1,541,142
80$3,522,921$0$0$1,630,620
81$3,726,920$0$0$1,727,091
82$3,946,834$0$0$1,831,202
83$4,184,132$0$0$1,943,664
84$4,440,429$0$0$2,065,255
85$4,717,497$0$0$2,196,833
86$5,017,286$0$0$2,339,341
87$5,341,940$0$0$2,493,816
88$5,693,815$0$0$2,661,397
89$6,075,501$0$0$2,843,338
90$6,489,849$0$0$3,041,016
91$6,939,991$0$0$3,255,949
92$7,429,375$0$0$3,489,804
93$7,961,794$0$0$3,744,418
94$8,541,420$0$0$4,021,810
95$9,172,845$0$0$4,324,204
96$9,861,122$0$0$4,654,044
97$10,611,812$0$0$5,014,025
98$11,431,034$0$0$5,407,109
99$12,325,527$0$0$5,836,561
100$13,302,707$0$0$6,305,971