Can I retire at age 50 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$70,688$70,058$69,444$68,844$68,259$65,837
2 years$34,994$34,342$33,711$33,098$32,504$30,090
3 years$23,098$22,443$21,813$21,206$20,622$18,291
4 years$17,151$16,498$15,874$15,278$14,708$12,478
5 years$13,583$12,935$12,319$11,735$11,181$9,059
6 years$11,206$10,562$9,956$9,385$8,847$6,834
7 years$9,508$8,870$8,273$7,716$7,195$5,290
8 years$8,236$7,603$7,016$6,472$5,969$4,171
9 years$7,247$6,620$6,043$5,513$5,027$3,333
10 years$6,456$5,835$5,269$4,752$4,283$2,691
11 years$5,809$5,195$4,638$4,136$3,683$2,190
12 years$5,270$4,663$4,116$3,628$3,192$1,793
13 years$4,815$4,214$3,678$3,203$2,783$1,475
14 years$4,425$3,830$3,304$2,843$2,440$1,219
15 years$4,088$3,499$2,983$2,535$2,148$1,010
16 years$3,792$3,210$2,705$2,270$1,899$840
17 years$3,532$2,956$2,461$2,040$1,684$699
18 years$3,301$2,732$2,247$1,838$1,497$583
19 years$3,095$2,532$2,057$1,661$1,334$487
20 years$2,909$2,353$1,888$1,504$1,192$408
21 years$2,742$2,191$1,736$1,365$1,066$341
22 years$2,589$2,046$1,600$1,241$956$286
23 years$2,451$1,913$1,478$1,131$858$240
24 years$2,324$1,793$1,367$1,031$771$201
25 years$2,207$1,682$1,266$942$694$169
26 years$2,099$1,581$1,174$861$625$142
27 years$2,000$1,488$1,090$788$564$119
28 years$1,908$1,402$1,013$722$509$100
29 years$1,822$1,323$943$662$459$84
30 years$1,742$1,249$878$608$415$71
31 years$1,668$1,181$819$558$375$60
32 years$1,598$1,117$764$513$339$50
33 years$1,533$1,058$713$472$307$42
34 years$1,472$1,003$667$434$278$35
35 years$1,414$951$623$400$252$30
36 years$1,360$903$583$368$228$25
37 years$1,308$857$546$339$207$21
38 years$1,260$815$511$312$188$18
39 years$1,214$775$479$288$170$15
40 years$1,170$737$449$266$154$13
41 years$1,129$702$421$245$140$11
42 years$1,090$668$395$226$127$9
43 years$1,053$637$370$209$115$8
44 years$1,017$607$348$193$105$6
45 years$983$579$326$178$95$5
46 years$951$552$307$165$86$4
47 years$920$527$288$152$78$4
48 years$891$503$271$140$71$3
49 years$863$480$254$130$65$3
50 years$836$459$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $856,000, adding $5,239 every year, while hoping to spend $54,266 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: 46/45/9 Blend
49$856,000$856,000$856,000$856,000
50$948,716$903,348$890,080$989,750
51$987,746$889,873$862,159$1,005,123
52$1,028,939$873,920$831,484$1,015,751
53$1,072,458$855,309$797,905$1,026,038
54$1,118,480$833,850$761,267$1,035,969
55$1,167,200$809,344$721,404$1,045,535
56$1,218,831$781,578$678,148$1,054,725
57$1,273,604$750,328$631,318$1,063,536
58$1,331,773$715,356$580,729$1,071,967
59$1,393,616$676,410$526,185$1,080,021
60$1,459,436$633,225$467,484$1,087,709
61$1,529,565$585,520$404,411$1,095,046
62$1,604,367$532,997$336,745$1,102,056
63$1,684,241$475,342$264,255$1,108,771
64$1,769,623$412,224$186,697$1,115,233
65$1,860,992$343,290$103,819$1,121,497
66$1,958,874$268,171$15,357$1,127,629
67$2,063,842$186,476$0$1,133,711
68$2,176,531$97,790$0$1,147,431
69$2,297,632$1,676$0$1,163,385
70$2,427,907$0$0$1,180,263
71$2,568,192$0$0$1,248,930
72$2,719,403$0$0$1,323,914
73$2,882,550$0$0$1,404,896
74$3,058,739$0$0$1,492,436
75$3,249,188$0$0$1,587,148
76$3,455,234$0$0$1,689,709
77$3,678,348$0$0$1,800,863
78$3,920,146$0$0$1,921,426
79$4,182,405$0$0$2,052,299
80$4,467,080$0$0$2,194,470
81$4,776,322$0$0$2,349,026
82$5,112,494$0$0$2,517,164
83$5,478,199$0$0$2,700,202
84$5,876,300$0$0$2,899,588
85$6,309,945$0$0$3,116,916
86$6,782,601$0$0$3,353,940
87$7,298,084$0$0$3,612,593
88$7,860,590$0$0$3,895,000
89$8,474,743$0$0$4,203,501
90$9,145,628$0$0$4,540,672
91$9,878,848$0$0$4,909,350
92$10,680,567$0$0$5,312,657
93$11,557,576$0$0$5,754,031
94$12,517,348$0$0$6,237,260
95$13,568,115$0$0$6,766,512
96$14,718,942$0$0$7,346,379
97$15,979,810$0$0$7,981,917
98$17,361,711$0$0$8,678,695
99$18,876,753$0$0$9,442,848
100$20,538,270$0$0$10,281,130