Can I retire at age 50 with 802,000?

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 $802,000?

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$66,228$65,638$65,063$64,501$63,953$63,496
2 years$32,786$32,176$31,584$31,010$30,454$29,994
3 years$21,640$21,027$20,437$19,869$19,321$18,871
4 years$16,069$15,457$14,873$14,314$13,780$13,344
5 years$12,726$12,119$11,542$10,995$10,475$10,055
6 years$10,499$9,896$9,328$8,792$8,289$7,884
7 years$8,909$8,310$7,751$7,229$6,741$6,352
8 years$7,716$7,124$6,574$6,064$5,592$5,219
9 years$6,789$6,202$5,662$5,165$4,710$4,352
10 years$6,048$5,467$4,936$4,452$4,013$3,671
11 years$5,443$4,867$4,346$3,875$3,451$3,125
12 years$4,938$4,368$3,857$3,399$2,991$2,679
13 years$4,511$3,948$3,446$3,001$2,608$2,311
14 years$4,146$3,588$3,096$2,664$2,286$2,004
15 years$3,830$3,278$2,795$2,376$2,013$1,745
16 years$3,553$3,008$2,534$2,127$1,779$1,525
17 years$3,309$2,770$2,306$1,911$1,577$1,336
18 years$3,093$2,559$2,105$1,722$1,402$1,174
19 years$2,900$2,372$1,927$1,556$1,250$1,034
20 years$2,726$2,204$1,769$1,409$1,117$912
21 years$2,569$2,053$1,627$1,279$999$806
22 years$2,426$1,917$1,499$1,163$896$714
23 years$2,296$1,793$1,384$1,059$804$633
24 years$2,177$1,679$1,280$966$723$561
25 years$2,068$1,576$1,186$882$650$499
26 years$1,967$1,481$1,100$807$586$443
27 years$1,874$1,394$1,021$738$528$394
28 years$1,787$1,314$949$677$477$351
29 years$1,707$1,239$884$620$430$313
30 years$1,633$1,170$823$569$389$279
31 years$1,563$1,106$767$523$351$249
32 years$1,497$1,047$716$481$318$222
33 years$1,436$991$668$442$288$198
34 years$1,379$940$625$407$261$177
35 years$1,325$891$584$374$236$158
36 years$1,274$846$546$345$214$141
37 years$1,226$803$511$318$194$126
38 years$1,180$764$479$293$176$113
39 years$1,137$726$449$270$159$101
40 years$1,096$691$420$249$144$90
41 years$1,058$658$394$230$131$80
42 years$1,021$626$370$212$119$72
43 years$986$597$347$196$108$64
44 years$953$569$326$181$98$58
45 years$921$542$306$167$89$51
46 years$891$517$287$154$81$46
47 years$862$494$270$142$73$41
48 years$835$471$254$132$67$37
49 years$808$450$238$122$60$33
50 years$783$430$224$112$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $802,000, adding $5,970 every year, while hoping to spend $40,098 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: 55/21/24 Blend
49$802,000$802,000$802,000$802,000
50$889,962$847,456$835,025$932,753
51$938,074$846,317$820,334$961,653
52$989,750$843,779$803,808$988,416
53$1,045,310$839,730$785,341$1,016,721
54$1,105,108$834,053$764,826$1,046,732
55$1,169,530$826,623$742,149$1,078,626
56$1,239,002$817,307$717,190$1,112,603
57$1,313,990$805,965$689,826$1,148,885
58$1,395,008$792,449$659,927$1,187,717
59$1,482,621$776,600$627,356$1,229,373
60$1,577,448$758,253$591,972$1,274,157
61$1,680,170$737,230$553,626$1,322,407
62$1,791,537$713,345$512,162$1,374,497
63$1,912,374$686,398$467,420$1,430,843
64$2,043,586$656,182$419,228$1,491,906
65$2,186,171$622,473$367,411$1,558,197
66$2,341,224$585,039$311,783$1,630,285
67$2,509,953$543,629$252,152$1,708,798
68$2,693,685$497,984$188,316$1,794,433
69$2,893,880$447,825$120,064$1,887,963
70$3,112,147$392,859$47,178$1,990,242
71$3,350,255$332,778$0$2,102,218
72$3,610,150$267,254$0$2,232,779
73$3,893,978$195,941$0$2,388,650
74$4,204,096$118,475$0$2,559,086
75$4,543,105$34,471$0$2,745,577
76$4,913,863$0$0$2,949,767
77$5,319,520$0$0$3,186,521
78$5,763,544$0$0$3,454,459
79$6,249,754$0$0$3,747,928
80$6,782,355$0$0$4,069,475
81$7,365,977$0$0$4,421,908
82$8,005,721$0$0$4,808,314
83$8,707,205$0$0$5,232,099
84$9,476,614$0$0$5,697,009
85$10,320,762$0$0$6,207,175
86$11,247,157$0$0$6,767,143
87$12,264,064$0$0$7,381,923
88$13,380,591$0$0$8,057,033
89$14,606,770$0$0$8,798,553
90$15,953,652$0$0$9,613,178
91$17,433,412$0$0$10,508,286
92$19,059,460$0$0$11,492,003
93$20,846,572$0$0$12,573,284
94$22,811,026$0$0$13,761,992
95$24,970,754$0$0$15,068,994
96$27,345,514$0$0$16,506,264
97$29,957,074$0$0$18,086,993
98$32,829,415$0$0$19,825,714
99$35,988,962$0$0$21,738,442
100$39,464,828$0$0$23,842,818