Can I retire at age 50 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$69,779$69,158$68,551$67,959$67,381$65,593
2 years$34,544$33,901$33,277$32,673$32,086$30,297
3 years$22,801$22,155$21,533$20,934$20,357$18,623
4 years$16,930$16,286$15,670$15,082$14,519$12,853
5 years$13,409$12,768$12,161$11,584$11,037$9,444
6 years$11,062$10,426$9,828$9,264$8,733$7,215
7 years$9,386$8,756$8,167$7,616$7,102$5,659
8 years$8,130$7,506$6,926$6,389$5,892$4,522
9 years$7,153$6,535$5,965$5,442$4,962$3,665
10 years$6,373$5,760$5,201$4,691$4,228$3,002
11 years$5,734$5,128$4,579$4,083$3,636$2,479
12 years$5,203$4,603$4,064$3,581$3,151$2,061
13 years$4,753$4,159$3,630$3,162$2,748$1,723
14 years$4,368$3,781$3,262$2,807$2,409$1,446
15 years$4,035$3,454$2,945$2,503$2,121$1,218
16 years$3,744$3,169$2,670$2,241$1,874$1,029
17 years$3,487$2,918$2,430$2,014$1,662$872
18 years$3,259$2,697$2,218$1,815$1,478$740
19 years$3,055$2,499$2,031$1,640$1,317$629
20 years$2,872$2,322$1,864$1,485$1,176$536
21 years$2,706$2,163$1,714$1,348$1,053$456
22 years$2,556$2,019$1,580$1,225$944$390
23 years$2,419$1,889$1,459$1,116$847$333
24 years$2,294$1,770$1,349$1,018$761$284
25 years$2,179$1,661$1,249$930$685$243
26 years$2,072$1,561$1,159$850$617$208
27 years$1,974$1,469$1,076$778$556$178
28 years$1,883$1,384$1,000$713$502$153
29 years$1,799$1,306$931$654$453$131
30 years$1,720$1,233$867$600$410$112
31 years$1,647$1,166$808$551$370$96
32 years$1,578$1,103$754$506$335$82
33 years$1,513$1,045$704$466$303$71
34 years$1,453$990$658$428$274$60
35 years$1,396$939$615$394$249$52
36 years$1,342$891$575$363$225$45
37 years$1,291$846$539$335$204$38
38 years$1,244$804$504$308$185$33
39 years$1,198$765$473$284$168$28
40 years$1,155$728$443$262$152$24
41 years$1,115$693$415$242$138$21
42 years$1,076$660$390$223$125$18
43 years$1,039$629$366$206$114$15
44 years$1,004$599$343$190$103$13
45 years$971$571$322$176$94$11
46 years$939$545$303$162$85$10
47 years$908$520$284$150$77$8
48 years$879$497$267$139$70$7
49 years$852$474$251$128$64$6
50 years$825$453$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $845,000, adding $6,270 every year, while hoping to spend $56,023 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: 76/16/8 Blend
49$845,000$845,000$845,000$845,000
50$937,658$892,873$879,775$1,007,337
51$973,691$877,015$849,639$1,038,180
52$1,011,521$858,503$816,617$1,064,192
53$1,051,274$837,147$780,551$1,091,089
54$1,093,084$812,747$741,279$1,118,939
55$1,137,097$785,091$698,631$1,147,815
56$1,183,474$753,954$652,428$1,177,798
57$1,232,389$719,098$602,485$1,208,979
58$1,284,032$680,273$548,608$1,241,459
59$1,338,609$637,212$490,592$1,275,350
60$1,396,347$589,636$428,227$1,310,777
61$1,457,492$537,245$361,290$1,347,878
62$1,522,314$479,727$289,550$1,386,807
63$1,591,106$416,750$212,766$1,427,736
64$1,664,190$347,962$130,685$1,470,853
65$1,741,919$272,994$43,045$1,516,372
66$1,824,678$191,454$0$1,564,525
67$1,912,889$102,929$0$1,619,883
68$2,007,012$6,981$0$1,682,626
69$2,107,556$0$0$1,749,423
70$2,215,073$0$0$1,837,709
71$2,330,172$0$0$1,933,557
72$2,453,520$0$0$2,036,296
73$2,585,848$0$0$2,146,538
74$2,727,959$0$0$2,264,955
75$2,880,733$0$0$2,392,284
76$3,045,138$0$0$2,529,334
77$3,222,234$0$0$2,676,994
78$3,413,190$0$0$2,836,239
79$3,619,284$0$0$3,008,143
80$3,841,926$0$0$3,193,882
81$4,082,662$0$0$3,394,753
82$4,343,191$0$0$3,612,179
83$4,625,384$0$0$3,847,723
84$4,931,295$0$0$4,103,106
85$5,263,184$0$0$4,380,221
86$5,623,535$0$0$4,681,147
87$6,015,083$0$0$5,008,173
88$6,440,834$0$0$5,363,816
89$6,904,097$0$0$5,750,846
90$7,408,510$0$0$6,172,311
91$7,958,080$0$0$6,631,565
92$8,557,214$0$0$7,132,296
93$9,210,763$0$0$7,678,569
94$9,924,067$0$0$8,274,852
95$10,703,002$0$0$8,926,068
96$11,554,039$0$0$9,637,635
97$12,484,301$0$0$10,415,516
98$13,501,630$0$0$11,266,279
99$14,614,660$0$0$12,197,153
100$15,832,898$0$0$13,216,100