Can I retire at age 50 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$71,018$70,385$69,768$69,166$68,578$68,088
2 years$35,157$34,503$33,868$33,253$32,656$32,163
3 years$23,205$22,548$21,915$21,305$20,718$20,236
4 years$17,231$16,575$15,948$15,349$14,776$14,309
5 years$13,647$12,995$12,377$11,790$11,233$10,782
6 years$11,258$10,611$10,002$9,428$8,888$8,454
7 years$9,553$8,911$8,312$7,752$7,228$6,811
8 years$8,274$7,639$7,049$6,503$5,997$5,597
9 years$7,280$6,651$6,071$5,539$5,050$4,667
10 years$6,486$5,862$5,293$4,774$4,303$3,937
11 years$5,836$5,219$4,660$4,155$3,701$3,351
12 years$5,295$4,684$4,136$3,645$3,207$2,873
13 years$4,838$4,233$3,695$3,218$2,796$2,479
14 years$4,446$3,848$3,320$2,856$2,451$2,149
15 years$4,107$3,515$2,997$2,547$2,158$1,871
16 years$3,810$3,225$2,718$2,281$1,908$1,635
17 years$3,549$2,970$2,473$2,049$1,691$1,433
18 years$3,317$2,745$2,257$1,847$1,504$1,259
19 years$3,109$2,544$2,067$1,669$1,340$1,109
20 years$2,923$2,364$1,897$1,511$1,197$978
21 years$2,754$2,202$1,745$1,372$1,071$865
22 years$2,601$2,055$1,608$1,247$960$765
23 years$2,462$1,922$1,485$1,136$862$678
24 years$2,334$1,801$1,373$1,036$775$602
25 years$2,217$1,690$1,272$946$697$535
26 years$2,109$1,588$1,179$865$628$475
27 years$2,009$1,495$1,095$792$566$423
28 years$1,917$1,409$1,018$725$511$377
29 years$1,831$1,329$947$665$461$335
30 years$1,751$1,255$882$611$417$299
31 years$1,676$1,186$823$561$377$267
32 years$1,606$1,123$768$515$341$238
33 years$1,540$1,063$717$474$309$212
34 years$1,479$1,008$670$436$279$190
35 years$1,421$956$626$401$253$169
36 years$1,366$907$586$370$229$151
37 years$1,314$861$548$341$208$135
38 years$1,266$819$513$314$188$121
39 years$1,219$779$481$289$171$108
40 years$1,176$741$451$267$155$96
41 years$1,134$705$423$246$141$86
42 years$1,095$671$397$227$128$77
43 years$1,057$640$372$210$116$69
44 years$1,022$610$349$194$105$62
45 years$988$582$328$179$95$55
46 years$955$555$308$165$87$49
47 years$925$529$289$153$79$44
48 years$895$505$272$141$71$40
49 years$867$483$256$130$65$35
50 years$840$461$240$121$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $860,000, adding $6,406 every year, while hoping to spend $39,693 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: 77/15/8 Blend
49$860,000$860,000$860,000$860,000
50$954,328$908,748$895,418$1,026,225
51$1,009,436$911,043$883,181$1,076,662
52$1,068,835$912,121$869,204$1,126,196
53$1,132,921$911,879$853,387$1,179,351
54$1,202,128$910,210$835,625$1,236,470
55$1,276,934$907,000$815,807$1,297,931
56$1,357,864$902,125$793,819$1,364,152
57$1,445,495$895,459$769,541$1,435,592
58$1,540,462$886,863$742,848$1,512,758
59$1,643,463$876,193$713,607$1,596,208
60$1,755,266$863,296$681,682$1,686,559
61$1,876,713$848,008$646,929$1,784,489
62$2,008,734$830,156$609,197$1,890,746
63$2,152,350$809,559$568,330$2,006,156
64$2,308,684$786,022$524,164$2,131,628
65$2,478,974$759,341$476,527$2,268,165
66$2,664,580$729,299$425,241$2,416,873
67$2,866,999$695,667$370,119$2,578,972
68$3,087,879$658,201$310,964$2,755,805
69$3,329,036$616,646$247,575$2,948,856
70$3,592,465$570,729$179,736$3,159,758
71$3,880,367$520,165$107,227$3,390,315
72$4,195,160$464,649$29,815$3,642,513
73$4,539,511$403,861$0$3,918,544
74$4,916,353$337,463$0$4,225,330
75$5,328,919$265,096$0$4,564,037
76$5,780,766$186,383$0$4,935,078
77$6,275,812$100,924$0$5,341,715
78$6,818,374$8,298$0$5,787,543
79$7,413,203$0$0$6,276,525
80$8,065,535$0$0$6,828,205
81$8,781,134$0$0$7,434,925
82$9,566,352$0$0$8,100,702
83$10,428,182$0$0$8,831,472
84$11,374,329$0$0$9,633,773
85$12,413,282$0$0$10,514,805
86$13,554,389$0$0$11,482,502
87$14,807,950$0$0$12,545,602
88$16,185,311$0$0$13,713,732
89$17,698,972$0$0$14,997,500
90$19,362,704$0$0$16,408,587
91$21,191,676$0$0$17,959,868
92$23,202,605$0$0$19,665,525
93$25,413,903$0$0$21,541,181
94$27,845,859$0$0$23,604,052
95$30,520,827$0$0$25,873,105
96$33,463,434$0$0$28,369,236
97$36,700,816$0$0$31,115,471
98$40,262,871$0$0$34,137,177
99$44,182,540$0$0$37,462,307
100$48,496,120$0$0$41,121,660