Can I retire at age 50 with 864,000?

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 $864,000?

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$71,348$70,713$70,093$69,488$68,897$66,452
2 years$35,321$34,663$34,026$33,407$32,808$30,371
3 years$23,313$22,653$22,017$21,404$20,815$18,462
4 years$17,311$16,652$16,023$15,421$14,845$12,595
5 years$13,710$13,055$12,434$11,845$11,285$9,143
6 years$11,311$10,661$10,049$9,472$8,930$6,897
7 years$9,597$8,953$8,350$7,788$7,262$5,339
8 years$8,313$7,674$7,082$6,533$6,025$4,210
9 years$7,314$6,682$6,100$5,565$5,074$3,364
10 years$6,516$5,890$5,318$4,797$4,323$2,716
11 years$5,863$5,243$4,682$4,175$3,718$2,210
12 years$5,320$4,706$4,155$3,662$3,222$1,810
13 years$4,860$4,253$3,712$3,233$2,810$1,489
14 years$4,467$3,866$3,335$2,870$2,463$1,230
15 years$4,126$3,531$3,011$2,559$2,168$1,020
16 years$3,828$3,240$2,730$2,291$1,916$847
17 years$3,565$2,984$2,484$2,059$1,699$706
18 years$3,332$2,757$2,268$1,855$1,511$589
19 years$3,124$2,555$2,076$1,677$1,347$492
20 years$2,936$2,375$1,905$1,518$1,203$412
21 years$2,767$2,212$1,753$1,378$1,076$345
22 years$2,614$2,065$1,615$1,253$965$289
23 years$2,474$1,931$1,491$1,141$866$242
24 years$2,345$1,809$1,379$1,041$779$203
25 years$2,228$1,698$1,278$951$701$171
26 years$2,119$1,596$1,185$869$631$143
27 years$2,019$1,502$1,100$795$569$120
28 years$1,926$1,415$1,023$729$513$101
29 years$1,839$1,335$952$668$464$85
30 years$1,759$1,261$887$613$419$72
31 years$1,684$1,192$827$563$379$60
32 years$1,613$1,128$771$518$343$51
33 years$1,547$1,068$720$476$310$43
34 years$1,485$1,012$673$438$281$36
35 years$1,427$960$629$403$254$30
36 years$1,372$911$588$371$230$25
37 years$1,320$865$551$342$209$21
38 years$1,271$823$516$315$189$18
39 years$1,225$782$483$291$172$15
40 years$1,181$744$453$268$156$13
41 years$1,140$708$425$247$141$11
42 years$1,100$675$398$228$128$9
43 years$1,062$643$374$211$116$8
44 years$1,027$613$351$195$106$6
45 years$992$584$329$180$96$5
46 years$960$557$309$166$87$5
47 years$929$532$291$153$79$4
48 years$899$508$273$142$72$3
49 years$871$485$257$131$65$3
50 years$844$463$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $864,000, adding $6,980 every year, while hoping to spend $45,107 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: 71/12/17 Blend
49$864,000$864,000$864,000$864,000
50$959,328$913,536$900,144$1,023,139
51$1,009,186$910,306$882,305$1,063,244
52$1,062,617$905,405$862,357$1,101,056
53$1,119,940$898,705$840,181$1,141,297
54$1,181,500$890,069$815,654$1,184,202
55$1,247,681$879,350$788,646$1,230,028
56$1,318,900$866,394$759,022$1,279,060
57$1,395,619$851,038$726,640$1,331,612
58$1,478,342$833,108$691,352$1,388,032
59$1,567,624$812,422$653,004$1,448,704
60$1,664,075$788,785$611,433$1,514,053
61$1,768,366$761,990$566,471$1,584,548
62$1,881,234$731,822$517,942$1,660,706
63$2,003,487$698,048$465,660$1,743,101
64$2,136,016$660,426$409,434$1,832,365
65$2,279,801$618,699$349,061$1,929,195
66$2,435,919$572,592$284,332$2,034,364
67$2,605,552$521,820$215,028$2,148,724
68$2,790,006$466,076$140,918$2,273,215
69$2,990,712$405,039$61,765$2,408,876
70$3,209,249$338,370$0$2,556,856
71$3,447,351$265,709$0$2,722,540
72$3,706,928$186,676$0$2,915,432
73$3,990,082$100,871$0$3,125,910
74$4,299,127$7,870$0$3,355,732
75$4,636,609$0$0$3,606,833
76$5,005,333$0$0$3,893,598
77$5,408,383$0$0$4,208,239
78$5,849,159$0$0$4,552,373
79$6,331,400$0$0$4,928,929
80$6,859,228$0$0$5,341,128
81$7,437,178$0$0$5,792,519
82$8,070,246$0$0$6,287,010
83$8,763,932$0$0$6,828,904
84$9,524,296$0$0$7,422,941
85$10,358,010$0$0$8,074,340
86$11,272,424$0$0$8,788,851
87$12,275,631$0$0$9,572,806
88$13,376,548$0$0$10,433,181
89$14,584,996$0$0$11,377,659
90$15,911,793$0$0$12,414,702
91$17,368,855$0$0$13,553,635
92$18,969,311$0$0$14,804,726
93$20,727,622$0$0$16,179,290
94$22,659,719$0$0$17,689,791
95$24,783,152$0$0$19,349,960
96$27,117,259$0$0$21,174,924
97$29,683,340$0$0$23,181,349
98$32,504,866$0$0$25,387,598
99$35,607,692$0$0$27,813,898
100$39,020,308$0$0$30,482,539