Can I retire at age 50 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$69,449$68,830$68,227$67,638$67,063$64,402
2 years$34,381$33,740$33,120$32,518$31,935$29,287
3 years$22,693$22,050$21,431$20,835$20,261$17,709
4 years$16,850$16,209$15,596$15,010$14,450$12,015
5 years$13,345$12,708$12,103$11,529$10,985$8,671
6 years$11,009$10,377$9,781$9,220$8,692$6,502
7 years$9,342$8,715$8,128$7,580$7,069$5,002
8 years$8,091$7,470$6,893$6,359$5,864$3,918
9 years$7,120$6,504$5,937$5,416$4,939$3,110
10 years$6,343$5,733$5,176$4,669$4,208$2,493
11 years$5,707$5,104$4,557$4,063$3,619$2,014
12 years$5,178$4,581$4,044$3,564$3,136$1,637
13 years$4,731$4,140$3,613$3,147$2,735$1,337
14 years$4,348$3,763$3,247$2,793$2,397$1,096
15 years$4,016$3,437$2,931$2,491$2,111$902
16 years$3,726$3,154$2,658$2,230$1,865$743
17 years$3,470$2,905$2,418$2,004$1,654$614
18 years$3,243$2,684$2,208$1,806$1,471$508
19 years$3,041$2,487$2,021$1,632$1,311$421
20 years$2,858$2,311$1,855$1,478$1,171$349
21 years$2,694$2,153$1,706$1,341$1,048$290
22 years$2,544$2,010$1,572$1,220$939$241
23 years$2,408$1,880$1,452$1,111$843$200
24 years$2,283$1,761$1,343$1,013$758$167
25 years$2,168$1,653$1,244$925$682$139
26 years$2,063$1,553$1,153$846$614$115
27 years$1,965$1,462$1,071$774$554$96
28 years$1,874$1,378$996$709$500$80
29 years$1,790$1,300$926$651$451$67
30 years$1,712$1,227$863$597$408$56
31 years$1,639$1,160$805$548$369$46
32 years$1,570$1,098$751$504$333$39
33 years$1,506$1,040$701$463$302$32
34 years$1,446$985$655$426$273$27
35 years$1,389$935$612$393$247$22
36 years$1,336$887$573$362$224$19
37 years$1,285$842$536$333$203$16
38 years$1,238$801$502$307$184$13
39 years$1,193$761$470$283$167$11
40 years$1,150$724$441$261$152$9
41 years$1,109$689$413$241$137$8
42 years$1,071$657$388$222$125$6
43 years$1,034$626$364$205$113$5
44 years$999$596$342$189$103$4
45 years$966$569$321$175$93$4
46 years$934$543$301$162$85$3
47 years$904$518$283$149$77$3
48 years$875$494$266$138$70$2
49 years$848$472$250$128$63$2
50 years$821$451$235$118$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $841,000, adding $3,247 every year, while hoping to spend $28,383 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: 48/45/7 Blend
49$841,000$841,000$841,000$841,000
50$930,131$885,558$872,523$972,907
51$994,805$898,751$871,553$1,015,736
52$1,065,125$911,640$869,599$1,058,944
53$1,141,636$924,178$866,599$1,105,189
54$1,224,939$936,319$862,486$1,154,761
55$1,315,695$948,011$857,192$1,207,980
56$1,414,630$959,198$850,643$1,265,199
57$1,522,547$969,823$842,763$1,326,809
58$1,640,325$979,823$833,474$1,393,242
59$1,768,935$989,131$822,692$1,464,972
60$1,909,443$997,675$810,330$1,542,524
61$2,063,026$1,005,381$796,295$1,626,477
62$2,230,978$1,012,167$780,494$1,717,472
63$2,414,722$1,017,948$762,825$1,816,214
64$2,615,828$1,022,632$743,184$1,923,483
65$2,836,023$1,026,121$721,461$2,040,137
66$3,077,210$1,028,314$697,542$2,167,127
67$3,341,482$1,029,098$671,308$2,305,501
68$3,631,148$1,028,359$642,631$2,456,414
69$3,948,749$1,025,972$611,383$2,621,142
70$4,297,082$1,021,805$577,425$2,801,095
71$4,679,230$1,015,720$540,614$2,997,826
72$5,098,589$1,007,567$500,802$3,213,051
73$5,558,897$997,190$457,831$3,448,663
74$6,064,275$984,423$411,539$3,706,750
75$6,619,260$969,089$361,755$3,989,617
76$7,228,852$951,001$308,300$4,299,807
77$7,898,556$929,961$250,989$4,640,127
78$8,634,439$905,759$189,628$5,013,673
79$9,443,184$878,174$124,013$5,423,860
80$10,332,155$846,970$53,933$5,874,456
81$11,309,462$811,899$0$6,369,620
82$12,384,042$772,698$0$6,915,495
83$13,565,742$729,087$0$7,519,983
84$14,865,408$680,773$0$8,184,650
85$16,294,994$627,445$0$8,915,673
86$17,867,666$568,773$0$9,719,860
87$19,597,934$504,409$0$10,604,723
88$21,501,785$433,986$0$11,578,543
89$23,596,831$357,116$0$12,650,455
90$25,902,480$273,387$0$13,830,531
91$28,440,118$182,367$0$15,129,877
92$31,233,305$83,599$0$16,560,740
93$34,308,004$0$0$18,136,627
94$37,692,824$0$0$19,884,016
95$41,419,285$0$0$21,853,465
96$45,522,121$0$0$24,021,947
97$50,039,606$0$0$26,409,707
98$55,013,913$0$0$29,039,050
99$60,491,513$0$0$31,934,556
100$66,523,612$0$0$35,123,310