Can I retire at age 50 with 848,000?

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 $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%11%
1 years$70,027$69,403$68,795$68,201$67,621$67,336
2 years$34,667$34,021$33,395$32,789$32,200$31,913
3 years$22,882$22,233$21,609$21,008$20,429$20,148
4 years$16,990$16,344$15,726$15,135$14,570$14,297
5 years$13,456$12,814$12,204$11,625$11,076$10,812
6 years$11,101$10,463$9,863$9,297$8,764$8,510
7 years$9,419$8,787$8,196$7,643$7,128$6,883
8 years$8,159$7,532$6,951$6,412$5,913$5,678
9 years$7,179$6,558$5,987$5,461$4,980$4,754
10 years$6,395$5,781$5,219$4,708$4,243$4,027
11 years$5,755$5,146$4,595$4,097$3,649$3,442
12 years$5,221$4,619$4,078$3,594$3,162$2,965
13 years$4,770$4,174$3,643$3,173$2,757$2,569
14 years$4,384$3,794$3,274$2,816$2,417$2,237
15 years$4,049$3,466$2,956$2,512$2,128$1,957
16 years$3,757$3,180$2,680$2,249$1,881$1,718
17 years$3,499$2,929$2,438$2,021$1,668$1,513
18 years$3,270$2,706$2,226$1,821$1,483$1,336
19 years$3,066$2,508$2,038$1,646$1,322$1,183
20 years$2,882$2,331$1,870$1,490$1,181$1,049
21 years$2,716$2,171$1,720$1,353$1,057$932
22 years$2,565$2,026$1,585$1,230$947$829
23 years$2,428$1,895$1,464$1,120$850$739
24 years$2,302$1,776$1,354$1,022$764$659
25 years$2,186$1,667$1,254$933$688$589
26 years$2,080$1,566$1,163$853$619$526
27 years$1,981$1,474$1,080$781$558$471
28 years$1,890$1,389$1,004$715$504$421
29 years$1,805$1,310$934$656$455$377
30 years$1,726$1,237$870$602$411$338
31 years$1,652$1,170$811$553$372$303
32 years$1,583$1,107$757$508$336$272
33 years$1,519$1,048$707$467$304$244
34 years$1,458$993$660$430$275$219
35 years$1,401$942$617$396$250$197
36 years$1,347$894$578$365$226$177
37 years$1,296$849$541$336$205$159
38 years$1,248$807$506$310$186$143
39 years$1,202$768$474$285$168$129
40 years$1,159$730$445$263$153$116
41 years$1,118$695$417$243$139$104
42 years$1,080$662$391$224$126$94
43 years$1,043$631$367$207$114$84
44 years$1,008$601$344$191$104$76
45 years$974$573$323$176$94$68
46 years$942$547$304$163$85$61
47 years$912$522$285$151$78$55
48 years$882$498$268$139$70$50
49 years$855$476$252$129$64$45
50 years$828$455$237$119$58$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $848,000, adding $6,992 every year, while hoping to spend $42,636 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: 67/22/11 Blend
49$848,000$848,000$848,000$848,000
50$941,708$896,764$883,620$1,002,113
51$992,398$895,341$867,857$1,041,773
52$1,046,829$892,420$850,137$1,079,391
53$1,105,339$887,881$830,349$1,119,416
54$1,168,295$881,599$808,378$1,162,078
55$1,236,105$873,442$784,103$1,207,632
56$1,309,214$863,266$757,396$1,256,361
57$1,388,112$850,924$728,127$1,308,576
58$1,473,336$836,256$696,155$1,364,623
59$1,565,477$819,093$661,337$1,424,883
60$1,665,185$799,258$623,522$1,489,776
61$1,773,174$776,562$582,550$1,559,770
62$1,890,229$750,805$538,257$1,635,378
63$2,017,215$721,777$490,471$1,717,171
64$2,155,079$689,252$439,010$1,805,777
65$2,304,867$652,996$383,687$1,901,892
66$2,467,728$612,756$324,304$2,006,284
67$2,644,925$568,270$260,657$2,119,802
68$2,837,848$519,257$192,531$2,243,383
69$3,048,029$465,421$119,701$2,378,065
70$3,277,151$406,450$41,934$2,524,991
71$3,527,068$342,013$0$2,685,427
72$3,799,819$271,762$0$2,865,589
73$4,097,650$195,327$0$3,067,765
74$4,423,032$112,320$0$3,288,764
75$4,778,688$22,330$0$3,530,501
76$5,167,611$0$0$3,795,086
77$5,593,103$0$0$4,103,026
78$6,058,794$0$0$4,446,026
79$6,568,684$0$0$4,821,635
80$7,127,177$0$0$5,233,102
81$7,739,125$0$0$5,684,008
82$8,409,867$0$0$6,178,296
83$9,145,288$0$0$6,720,309
84$9,951,867$0$0$7,314,829
85$10,836,740$0$0$7,967,126
86$11,807,768$0$0$8,683,001
87$12,873,610$0$0$9,468,848
88$14,043,804$0$0$10,331,707
89$15,328,855$0$0$11,279,334
90$16,740,338$0$0$12,320,273
91$18,291,003$0$0$13,463,938
92$19,994,895$0$0$14,720,696
93$21,867,487$0$0$16,101,973
94$23,925,827$0$0$17,620,352
95$26,188,694$0$0$19,289,699
96$28,676,781$0$0$21,125,289
97$31,412,884$0$0$23,143,953
98$34,422,117$0$0$25,364,233
99$37,732,154$0$0$27,806,559
100$41,373,482$0$0$30,493,441