Can I retire at age 50 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$71,101$70,467$69,849$69,246$68,657$66,781
2 years$35,198$34,543$33,907$33,291$32,694$30,817
3 years$23,232$22,574$21,940$21,330$20,742$18,924
4 years$17,251$16,594$15,967$15,367$14,794$13,048
5 years$13,663$13,010$12,391$11,803$11,246$9,577
6 years$11,271$10,624$10,014$9,439$8,898$7,308
7 years$9,564$8,922$8,322$7,761$7,237$5,726
8 years$8,284$7,648$7,057$6,510$6,004$4,571
9 years$7,289$6,659$6,078$5,545$5,056$3,700
10 years$6,493$5,869$5,299$4,780$4,308$3,026
11 years$5,843$5,225$4,665$4,160$3,705$2,496
12 years$5,301$4,690$4,140$3,649$3,211$2,073
13 years$4,843$4,238$3,699$3,221$2,800$1,730
14 years$4,451$3,852$3,324$2,860$2,454$1,450
15 years$4,111$3,519$3,001$2,550$2,161$1,220
16 years$3,815$3,229$2,721$2,284$1,910$1,029
17 years$3,553$2,974$2,476$2,052$1,693$871
18 years$3,321$2,748$2,260$1,849$1,506$738
19 years$3,113$2,547$2,069$1,671$1,342$626
20 years$2,926$2,366$1,899$1,513$1,199$532
21 years$2,758$2,204$1,747$1,373$1,073$453
22 years$2,605$2,058$1,610$1,249$962$386
23 years$2,465$1,924$1,486$1,137$863$329
24 years$2,337$1,803$1,375$1,037$776$281
25 years$2,220$1,692$1,273$947$698$240
26 years$2,112$1,590$1,181$866$629$205
27 years$2,012$1,497$1,096$793$567$175
28 years$1,919$1,410$1,019$726$512$150
29 years$1,833$1,330$949$666$462$128
30 years$1,753$1,256$884$611$417$110
31 years$1,678$1,188$824$561$377$94
32 years$1,608$1,124$769$516$341$80
33 years$1,542$1,064$718$474$309$69
34 years$1,480$1,009$670$437$280$59
35 years$1,422$957$627$402$253$50
36 years$1,367$908$586$370$230$43
37 years$1,316$862$549$341$208$37
38 years$1,267$820$514$314$189$32
39 years$1,221$779$482$290$171$27
40 years$1,177$742$451$267$155$23
41 years$1,136$706$423$247$141$20
42 years$1,096$672$397$228$128$17
43 years$1,059$641$373$210$116$15
44 years$1,023$611$350$194$105$12
45 years$989$582$328$179$96$11
46 years$957$555$308$165$87$9
47 years$926$530$290$153$79$8
48 years$896$506$272$141$72$7
49 years$868$483$256$131$65$6
50 years$841$462$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $861,000, adding $2,419 every year, while hoping to spend $41,721 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: 34/37/29 Blend
49$861,000$861,000$861,000$861,000
50$951,317$905,684$892,339$975,254
51$1,003,961$905,672$877,841$993,560
52$1,060,576$904,261$861,460$1,009,403
53$1,121,523$901,338$843,087$1,025,688
54$1,187,199$896,784$822,611$1,042,484
55$1,258,039$890,473$799,915$1,059,870
56$1,334,522$882,269$774,875$1,077,937
57$1,417,174$872,030$747,364$1,096,787
58$1,506,571$859,606$717,246$1,116,539
59$1,603,350$844,835$684,382$1,137,326
60$1,708,208$827,548$648,626$1,159,300
61$1,821,914$807,566$609,823$1,182,633
62$1,945,310$784,698$567,813$1,207,520
63$2,079,326$758,743$522,429$1,234,179
64$2,224,983$729,487$473,496$1,262,860
65$2,383,404$696,704$420,831$1,293,840
66$2,555,825$660,157$364,243$1,327,432
67$2,743,607$619,592$303,533$1,363,989
68$2,948,246$574,743$238,492$1,403,906
69$3,171,389$525,328$168,903$1,447,625
70$3,414,849$471,047$94,540$1,495,641
71$3,680,621$411,586$15,164$1,548,510
72$3,970,902$346,611$0$1,606,850
73$4,288,109$275,770$0$1,692,872
74$4,634,905$198,692$0$1,792,237
75$5,014,220$114,983$0$1,901,192
76$5,429,283$24,229$0$2,020,785
77$5,883,645$0$0$2,152,177
78$6,381,221$0$0$2,326,785
79$6,926,318$0$0$2,529,002
80$7,523,684$0$0$2,750,739
81$8,178,543$0$0$2,993,953
82$8,896,652$0$0$3,260,797
83$9,684,352$0$0$3,553,645
84$10,548,624$0$0$3,875,112
85$11,497,161$0$0$4,228,076
86$12,538,435$0$0$4,615,711
87$13,681,778$0$0$5,041,510
88$14,937,472$0$0$5,509,323
89$16,316,842$0$0$6,023,390
90$17,832,363$0$0$6,588,384
91$19,497,780$0$0$7,209,452
92$21,328,235$0$0$7,892,263
93$23,340,410$0$0$8,643,066
94$25,552,682$0$0$9,468,744
95$27,985,299$0$0$10,376,879
96$30,660,571$0$0$11,375,827
97$33,603,074$0$0$12,474,794
98$36,839,889$0$0$13,683,922
99$40,400,853$0$0$15,014,388
100$44,318,838$0$0$16,478,504