Can I retire at age 50 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$69,697$69,076$68,470$67,879$67,302$65,595
2 years$34,503$33,861$33,238$32,634$32,048$30,340
3 years$22,774$22,128$21,507$20,909$20,333$18,676
4 years$16,910$16,267$15,652$15,064$14,502$12,909
5 years$13,393$12,753$12,146$11,570$11,024$9,500
6 years$11,049$10,414$9,816$9,253$8,723$7,270
7 years$9,375$8,746$8,157$7,607$7,094$5,712
8 years$8,120$7,497$6,918$6,382$5,885$4,573
9 years$7,145$6,527$5,958$5,436$4,956$3,712
10 years$6,365$5,753$5,195$4,686$4,223$3,046
11 years$5,728$5,122$4,573$4,078$3,632$2,521
12 years$5,197$4,597$4,059$3,577$3,147$2,100
13 years$4,748$4,154$3,626$3,158$2,744$1,759
14 years$4,363$3,776$3,258$2,803$2,406$1,479
15 years$4,030$3,450$2,942$2,500$2,118$1,249
16 years$3,739$3,165$2,667$2,238$1,872$1,058
17 years$3,483$2,915$2,427$2,011$1,660$898
18 years$3,255$2,693$2,215$1,813$1,476$763
19 years$3,051$2,496$2,028$1,638$1,316$651
20 years$2,868$2,320$1,861$1,483$1,175$555
21 years$2,703$2,161$1,712$1,346$1,052$474
22 years$2,553$2,017$1,578$1,224$943$406
23 years$2,416$1,886$1,457$1,115$846$347
24 years$2,291$1,767$1,347$1,017$760$297
25 years$2,176$1,659$1,248$929$684$255
26 years$2,070$1,559$1,157$849$616$219
27 years$1,972$1,467$1,075$777$556$188
28 years$1,881$1,382$999$712$501$161
29 years$1,797$1,304$930$653$453$138
30 years$1,718$1,232$866$599$409$119
31 years$1,645$1,164$807$550$370$102
32 years$1,576$1,102$753$506$335$88
33 years$1,511$1,043$703$465$303$75
34 years$1,451$989$657$428$274$65
35 years$1,394$938$614$394$248$56
36 years$1,340$890$575$363$225$48
37 years$1,290$845$538$334$204$41
38 years$1,242$803$504$308$185$35
39 years$1,197$764$472$284$168$31
40 years$1,154$727$442$262$152$26
41 years$1,113$692$415$242$138$23
42 years$1,075$659$389$223$125$19
43 years$1,038$628$365$206$114$17
44 years$1,003$599$343$190$103$14
45 years$969$571$322$176$94$12
46 years$938$544$302$162$85$11
47 years$907$520$284$150$77$9
48 years$878$496$267$138$70$8
49 years$851$474$251$128$64$7
50 years$824$452$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $844,000, adding $6,764 every year, while hoping to spend $43,599 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: 82/5/13 Blend
49$844,000$844,000$844,000$844,000
50$937,065$892,333$879,251$1,011,073
51$986,257$889,668$862,317$1,057,936
52$1,039,005$885,412$843,354$1,102,963
53$1,095,626$879,440$822,249$1,151,115
54$1,156,467$871,620$798,882$1,202,685
55$1,221,911$861,813$773,129$1,257,993
56$1,292,375$849,872$744,858$1,317,393
57$1,368,321$835,639$713,934$1,381,273
58$1,450,253$818,948$680,214$1,450,064
59$1,538,726$799,624$643,549$1,524,236
60$1,634,351$777,481$603,783$1,604,312
61$1,737,798$752,321$560,753$1,690,865
62$1,849,804$723,935$514,289$1,784,526
63$1,971,180$692,103$464,213$1,885,994
64$2,102,815$656,591$410,339$1,996,036
65$2,245,691$617,152$352,474$2,115,499
66$2,400,884$573,525$290,414$2,245,315
67$2,569,579$525,434$223,949$2,386,514
68$2,753,082$472,586$152,856$2,540,228
69$2,952,826$414,672$76,907$2,707,707
70$3,170,390$351,367$0$2,890,328
71$3,407,512$282,326$0$3,090,185
72$3,666,103$207,185$0$3,319,798
73$3,948,268$125,559$0$3,570,368
74$4,256,322$37,043$0$3,843,969
75$4,592,816$0$0$4,142,881
76$4,960,557$0$0$4,472,851
77$5,362,633$0$0$4,835,878
78$5,802,449$0$0$5,232,998
79$6,283,751$0$0$5,667,596
80$6,810,662$0$0$6,143,399
81$7,387,727$0$0$6,664,511
82$8,019,947$0$0$7,235,454
83$8,712,832$0$0$7,861,204
84$9,472,448$0$0$8,547,244
85$10,305,480$0$0$9,299,612
86$11,219,285$0$0$10,124,960
87$12,221,973$0$0$11,030,611
88$13,322,472$0$0$12,024,636
89$14,530,618$0$0$13,115,922
90$15,857,246$0$0$14,314,259
91$17,314,293$0$0$15,630,432
92$18,914,906$0$0$17,076,323
93$20,673,570$0$0$18,665,020
94$22,606,242$0$0$20,410,942
95$24,730,501$0$0$22,329,973
96$27,065,715$0$0$24,439,615
97$29,633,222$0$0$26,759,148
98$32,456,528$0$0$29,309,814
99$35,561,534$0$0$32,115,017
100$38,976,776$0$0$35,200,542