Can I retire at age 50 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$70,110$69,485$68,876$68,281$67,700$65,930
2 years$34,708$34,061$33,435$32,827$32,238$30,467
3 years$22,909$22,259$21,635$21,033$20,453$18,736
4 years$17,010$16,363$15,744$15,153$14,587$12,938
5 years$13,472$12,829$12,218$11,639$11,089$9,511
6 years$11,114$10,476$9,874$9,308$8,774$7,270
7 years$9,431$8,797$8,206$7,652$7,136$5,705
8 years$8,168$7,541$6,959$6,419$5,920$4,562
9 years$7,187$6,566$5,994$5,468$4,985$3,700
10 years$6,403$5,787$5,225$4,713$4,248$3,032
11 years$5,761$5,152$4,600$4,102$3,653$2,506
12 years$5,227$4,624$4,083$3,598$3,166$2,085
13 years$4,776$4,179$3,648$3,177$2,761$1,744
14 years$4,389$3,799$3,277$2,820$2,420$1,465
15 years$4,054$3,470$2,959$2,515$2,131$1,235
16 years$3,761$3,184$2,683$2,252$1,883$1,044
17 years$3,503$2,932$2,441$2,023$1,670$885
18 years$3,274$2,709$2,229$1,823$1,485$752
19 years$3,070$2,511$2,040$1,647$1,323$639
20 years$2,885$2,333$1,872$1,492$1,182$545
21 years$2,719$2,174$1,722$1,354$1,058$465
22 years$2,568$2,029$1,587$1,231$948$397
23 years$2,431$1,898$1,466$1,121$851$339
24 years$2,305$1,778$1,355$1,023$765$290
25 years$2,189$1,668$1,255$934$688$248
26 years$2,082$1,568$1,164$854$620$213
27 years$1,984$1,476$1,081$782$559$182
28 years$1,892$1,391$1,005$716$504$156
29 years$1,807$1,312$935$657$455$134
30 years$1,728$1,239$871$603$412$115
31 years$1,654$1,171$812$554$372$98
32 years$1,585$1,108$758$509$337$84
33 years$1,520$1,049$708$468$305$73
34 years$1,460$995$661$430$276$62
35 years$1,402$943$618$396$250$53
36 years$1,348$895$578$365$226$46
37 years$1,298$850$541$336$205$39
38 years$1,249$808$507$310$186$34
39 years$1,204$769$475$286$169$29
40 years$1,161$731$445$264$153$25
41 years$1,120$696$417$243$139$21
42 years$1,081$663$391$224$126$18
43 years$1,044$632$367$207$114$16
44 years$1,009$602$345$191$104$14
45 years$975$574$324$177$94$12
46 years$943$548$304$163$86$10
47 years$913$523$286$151$78$9
48 years$884$499$268$139$71$7
49 years$856$476$252$129$64$6
50 years$829$455$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $849,000, adding $5,324 every year, while hoping to spend $52,449 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: 64/21/15 Blend
49$849,000$849,000$849,000$849,000
50$941,090$896,093$882,933$997,566
51$981,276$884,196$856,706$1,024,162
52$1,023,802$869,958$827,843$1,046,686
53$1,068,854$853,210$796,199$1,070,011
54$1,116,630$833,770$761,625$1,094,215
55$1,167,350$811,449$723,963$1,119,387
56$1,221,254$786,044$683,050$1,145,625
57$1,278,603$757,341$638,713$1,173,042
58$1,339,684$725,115$590,774$1,201,761
59$1,404,812$689,125$539,044$1,231,922
60$1,474,329$649,119$483,329$1,263,683
61$1,548,614$604,829$423,424$1,297,218
62$1,628,078$555,971$359,114$1,332,724
63$1,713,176$502,247$290,178$1,370,419
64$1,804,402$443,340$216,381$1,410,548
65$1,902,303$378,916$137,482$1,453,384
66$2,007,477$308,621$53,226$1,499,233
67$2,120,579$232,083$0$1,548,433
68$2,242,330$148,906$0$1,607,236
69$2,373,521$58,677$0$1,679,664
70$2,515,022$0$0$1,757,705
71$2,667,787$0$0$1,850,954
72$2,832,865$0$0$1,966,417
73$3,011,410$0$0$2,091,348
74$3,204,688$0$0$2,226,638
75$3,414,093$0$0$2,373,270
76$3,641,158$0$0$2,532,324
77$3,887,566$0$0$2,704,985
78$4,155,170$0$0$2,892,561
79$4,446,009$0$0$3,096,487
80$4,762,324$0$0$3,318,343
81$5,106,582$0$0$3,559,868
82$5,481,498$0$0$3,822,975
83$5,890,057$0$0$4,109,768
84$6,335,547$0$0$4,422,566
85$6,821,585$0$0$4,763,917
86$7,352,153$0$0$5,136,628
87$7,931,633$0$0$5,543,791
88$8,564,853$0$0$5,988,805
89$9,257,122$0$0$6,475,417
90$10,014,291$0$0$7,007,749
91$10,842,798$0$0$7,590,343
92$11,749,736$0$0$8,228,196
93$12,742,912$0$0$8,926,815
94$13,830,924$0$0$9,692,263
95$15,023,244$0$0$10,531,216
96$16,330,299$0$0$11,451,028
97$17,763,577$0$0$12,459,799
98$19,335,727$0$0$13,566,447
99$21,060,686$0$0$14,780,801
100$22,953,801$0$0$16,113,681