Can I retire at age 50 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$70,853$70,222$69,606$69,005$68,418$67,147
2 years$35,076$34,422$33,789$33,175$32,580$31,304
3 years$23,151$22,495$21,864$21,256$20,670$19,429
4 years$17,191$16,537$15,911$15,314$14,742$13,545
5 years$13,615$12,965$12,348$11,762$11,207$10,058
6 years$11,232$10,587$9,979$9,406$8,867$7,768
7 years$9,531$8,891$8,293$7,734$7,212$6,162
8 years$8,255$7,621$7,033$6,487$5,983$4,982
9 years$7,264$6,635$6,057$5,526$5,038$4,086
10 years$6,471$5,849$5,281$4,763$4,293$3,389
11 years$5,823$5,207$4,649$4,146$3,692$2,835
12 years$5,283$4,673$4,126$3,636$3,199$2,388
13 years$4,826$4,223$3,686$3,210$2,790$2,023
14 years$4,436$3,839$3,312$2,850$2,446$1,721
15 years$4,097$3,507$2,990$2,541$2,153$1,470
16 years$3,801$3,218$2,711$2,276$1,903$1,260
17 years$3,541$2,963$2,467$2,045$1,687$1,083
18 years$3,309$2,738$2,252$1,843$1,500$932
19 years$3,102$2,538$2,062$1,665$1,337$805
20 years$2,916$2,358$1,892$1,508$1,195$695
21 years$2,748$2,197$1,740$1,369$1,069$602
22 years$2,595$2,050$1,604$1,244$958$522
23 years$2,456$1,918$1,481$1,133$860$452
24 years$2,329$1,797$1,370$1,034$773$393
25 years$2,212$1,686$1,269$944$696$341
26 years$2,104$1,585$1,177$863$627$297
27 years$2,005$1,491$1,093$790$565$258
28 years$1,912$1,405$1,016$724$510$225
29 years$1,826$1,326$945$664$460$196
30 years$1,747$1,252$880$609$416$171
31 years$1,672$1,184$821$559$376$149
32 years$1,602$1,120$766$514$340$130
33 years$1,537$1,061$715$473$308$113
34 years$1,475$1,005$668$435$279$98
35 years$1,417$953$625$400$252$86
36 years$1,363$905$584$369$229$75
37 years$1,311$859$547$340$207$65
38 years$1,263$817$512$313$188$57
39 years$1,217$777$480$289$170$50
40 years$1,173$739$450$266$155$43
41 years$1,132$703$422$246$140$38
42 years$1,092$670$396$227$127$33
43 years$1,055$638$371$209$115$29
44 years$1,019$608$348$193$105$25
45 years$986$580$327$179$95$22
46 years$953$553$307$165$86$19
47 years$922$528$289$152$78$17
48 years$893$504$271$141$71$15
49 years$865$482$255$130$65$13
50 years$838$460$240$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $858,000, adding $6,699 every year, while hoping to spend $49,264 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: 70/18/12 Blend
49$858,000$858,000$858,000$858,000
50$952,426$906,952$893,653$1,016,201
51$997,157$898,976$871,174$1,051,410
52$1,044,799$888,958$846,291$1,083,323
53$1,095,598$876,747$818,871$1,116,946
54$1,149,822$862,180$788,775$1,152,439
55$1,207,764$845,087$755,859$1,189,979
56$1,269,747$825,287$719,972$1,229,760
57$1,336,124$802,589$680,954$1,272,001
58$1,407,283$776,790$638,640$1,316,942
59$1,483,648$747,676$592,857$1,364,848
60$1,565,687$715,019$543,425$1,416,014
61$1,653,911$678,579$490,154$1,470,766
62$1,748,883$638,101$432,846$1,529,467
63$1,851,219$593,318$371,297$1,592,515
64$1,961,598$543,945$305,290$1,660,355
65$2,080,764$489,682$234,600$1,733,475
66$2,209,537$430,211$158,994$1,812,419
67$2,348,815$365,197$78,226$1,897,786
68$2,499,587$294,285$0$1,990,242
69$2,662,941$217,101$0$2,091,542
70$2,840,072$133,250$0$2,212,233
71$3,032,293$42,313$0$2,343,223
72$3,241,051$0$0$2,485,545
73$3,467,935$0$0$2,651,459
74$3,714,695$0$0$2,841,063
75$3,983,255$0$0$3,047,459
76$4,275,732$0$0$3,272,282
77$4,594,457$0$0$3,517,326
78$4,941,993$0$0$3,784,570
79$5,321,164$0$0$4,076,191
80$5,735,075$0$0$4,394,582
81$6,187,146$0$0$4,742,382
82$6,681,143$0$0$5,122,494
83$7,221,208$0$0$5,538,113
84$7,811,906$0$0$5,992,759
85$8,458,260$0$0$6,490,306
86$9,165,802$0$0$7,035,021
87$9,940,625$0$0$7,631,602
88$10,789,438$0$0$8,285,223
89$11,719,627$0$0$9,001,582
90$12,739,331$0$0$9,786,955
91$13,857,510$0$0$10,648,253
92$15,084,034$0$0$11,593,089
93$16,429,774$0$0$12,629,847
94$17,906,707$0$0$13,767,764
95$19,528,021$0$0$15,017,013
96$21,308,246$0$0$16,388,801
97$23,263,387$0$0$17,895,473
98$25,411,077$0$0$19,550,629
99$27,770,737$0$0$21,369,250
100$30,363,767$0$0$23,367,841