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%15.1%
1 years$69,697$69,076$68,470$67,879$67,302$65,889
2 years$34,503$33,861$33,238$32,634$32,048$30,632
3 years$22,774$22,128$21,507$20,909$20,333$18,956
4 years$16,910$16,267$15,652$15,064$14,502$13,176
5 years$13,393$12,753$12,146$11,570$11,024$9,753
6 years$11,049$10,414$9,816$9,253$8,723$7,508
7 years$9,375$8,746$8,157$7,607$7,094$5,935
8 years$8,120$7,497$6,918$6,382$5,885$4,782
9 years$7,145$6,527$5,958$5,436$4,956$3,909
10 years$6,365$5,753$5,195$4,686$4,223$3,229
11 years$5,728$5,122$4,573$4,078$3,632$2,691
12 years$5,197$4,597$4,059$3,577$3,147$2,258
13 years$4,748$4,154$3,626$3,158$2,744$1,905
14 years$4,363$3,776$3,258$2,803$2,406$1,615
15 years$4,030$3,450$2,942$2,500$2,118$1,373
16 years$3,739$3,165$2,667$2,238$1,872$1,172
17 years$3,483$2,915$2,427$2,011$1,660$1,003
18 years$3,255$2,693$2,215$1,813$1,476$860
19 years$3,051$2,496$2,028$1,638$1,316$739
20 years$2,868$2,320$1,861$1,483$1,175$636
21 years$2,703$2,161$1,712$1,346$1,052$548
22 years$2,553$2,017$1,578$1,224$943$472
23 years$2,416$1,886$1,457$1,115$846$408
24 years$2,291$1,767$1,347$1,017$760$352
25 years$2,176$1,659$1,248$929$684$305
26 years$2,070$1,559$1,157$849$616$264
27 years$1,972$1,467$1,075$777$556$228
28 years$1,881$1,382$999$712$501$198
29 years$1,797$1,304$930$653$453$171
30 years$1,718$1,232$866$599$409$149
31 years$1,645$1,164$807$550$370$129
32 years$1,576$1,102$753$506$335$112
33 years$1,511$1,043$703$465$303$97
34 years$1,451$989$657$428$274$84
35 years$1,394$938$614$394$248$73
36 years$1,340$890$575$363$225$63
37 years$1,290$845$538$334$204$55
38 years$1,242$803$504$308$185$48
39 years$1,197$764$472$284$168$41
40 years$1,154$727$442$262$152$36
41 years$1,113$692$415$242$138$31
42 years$1,075$659$389$223$125$27
43 years$1,038$628$365$206$114$24
44 years$1,003$599$343$190$103$20
45 years$969$571$322$176$94$18
46 years$938$544$302$162$85$15
47 years$907$520$284$150$77$13
48 years$878$496$267$138$70$12
49 years$851$474$251$128$64$10
50 years$824$452$236$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $844,000, adding $5,750 every year, while hoping to spend $31,538 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: 44/30/26 Blend
49$844,000$844,000$844,000$844,000
50$936,019$891,287$878,205$969,922
51$997,937$901,404$874,069$1,004,714
52$1,065,113$910,960$868,737$1,038,933
53$1,138,051$919,893$862,136$1,075,411
54$1,217,304$928,140$854,189$1,114,376
55$1,303,481$935,630$844,817$1,156,080
56$1,397,251$942,291$833,933$1,200,800
57$1,499,352$948,044$821,450$1,248,847
58$1,610,593$952,806$807,277$1,300,563
59$1,731,868$956,488$791,315$1,356,326
60$1,864,158$958,995$773,463$1,416,555
61$2,008,544$960,228$753,617$1,481,716
62$2,166,217$960,080$731,664$1,552,321
63$2,338,485$958,438$707,488$1,628,939
64$2,526,791$955,182$680,970$1,712,199
65$2,732,722$950,185$651,981$1,802,797
66$2,958,026$943,311$620,389$1,901,501
67$3,204,629$934,416$586,056$2,009,164
68$3,474,648$923,350$548,836$2,126,726
69$3,770,419$909,951$508,579$2,255,227
70$4,094,511$894,048$465,125$2,395,818
71$4,449,755$875,460$418,311$2,549,770
72$4,839,269$853,996$367,963$2,718,488
73$5,266,485$829,453$313,901$2,903,524
74$5,735,187$801,616$255,936$3,106,595
75$6,249,538$770,258$193,873$3,329,596
76$6,814,129$735,138$127,505$3,574,621
77$7,434,012$696,003$56,619$3,843,983
78$8,114,757$652,582$0$4,140,237
79$8,862,495$604,591$0$4,471,484
80$9,683,983$551,730$0$4,852,667
81$10,586,665$493,681$0$5,271,571
82$11,578,741$430,107$0$5,732,065
83$12,669,243$360,653$0$6,238,416
84$13,868,125$284,944$0$6,795,333
85$15,186,352$202,584$0$7,408,007
86$16,636,003$113,154$0$8,082,162
87$18,230,390$16,213$0$8,824,113
88$19,984,175$0$0$9,640,823
89$21,913,516$0$0$10,569,255
90$24,036,216$0$0$11,596,740
91$26,371,887$0$0$12,727,435
92$28,942,143$0$0$13,971,818
93$31,770,794$0$0$15,341,433
94$34,884,080$0$0$16,848,999
95$38,310,909$0$0$18,508,534
96$42,083,138$0$0$20,335,481
97$46,235,866$0$0$22,346,858
98$50,807,770$0$0$24,561,415
99$55,841,468$0$0$26,999,815
100$61,383,919$0$0$29,684,826