Can I retire at age 50 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$69,862$69,240$68,632$68,040$67,461$66,896
2 years$34,585$33,941$33,317$32,711$32,124$31,555
3 years$22,828$22,181$21,558$20,959$20,381$19,825
4 years$16,950$16,305$15,689$15,099$14,536$13,997
5 years$13,425$12,784$12,175$11,598$11,050$10,530
6 years$11,075$10,439$9,839$9,275$8,743$8,243
7 years$9,397$8,766$8,177$7,625$7,111$6,631
8 years$8,140$7,514$6,934$6,397$5,899$5,439
9 years$7,162$6,543$5,973$5,449$4,968$4,527
10 years$6,380$5,767$5,207$4,697$4,233$3,812
11 years$5,741$5,134$4,584$4,088$3,640$3,239
12 years$5,209$4,608$4,068$3,585$3,155$2,772
13 years$4,759$4,164$3,635$3,165$2,751$2,387
14 years$4,373$3,785$3,266$2,810$2,411$2,065
15 years$4,040$3,458$2,949$2,506$2,123$1,794
16 years$3,748$3,173$2,673$2,244$1,877$1,565
17 years$3,491$2,922$2,433$2,016$1,664$1,368
18 years$3,263$2,700$2,221$1,817$1,479$1,200
19 years$3,059$2,502$2,033$1,642$1,319$1,054
20 years$2,875$2,325$1,866$1,487$1,178$928
21 years$2,710$2,166$1,716$1,349$1,054$819
22 years$2,559$2,022$1,582$1,227$945$723
23 years$2,422$1,891$1,460$1,117$848$640
24 years$2,296$1,772$1,351$1,019$762$566
25 years$2,181$1,663$1,251$931$686$502
26 years$2,075$1,563$1,160$851$618$445
27 years$1,977$1,471$1,077$779$557$395
28 years$1,886$1,386$1,002$714$503$351
29 years$1,801$1,307$932$654$454$312
30 years$1,722$1,235$868$601$410$277
31 years$1,648$1,167$809$552$371$247
32 years$1,580$1,104$755$507$335$219
33 years$1,515$1,046$705$466$304$195
34 years$1,454$991$659$429$275$174
35 years$1,397$940$616$395$249$155
36 years$1,344$892$576$364$226$138
37 years$1,293$847$539$335$204$123
38 years$1,245$805$505$309$185$110
39 years$1,200$766$473$285$168$98
40 years$1,157$729$443$263$152$87
41 years$1,116$694$416$242$138$78
42 years$1,077$661$390$224$125$69
43 years$1,040$629$366$206$114$62
44 years$1,005$600$344$191$103$55
45 years$972$572$323$176$94$49
46 years$940$546$303$163$85$44
47 years$909$521$285$150$77$39
48 years$880$497$268$139$70$35
49 years$853$475$251$128$64$31
50 years$826$454$236$119$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $846,000, adding $2,413 every year, while hoping to spend $37,557 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: 61/18/21 Blend
49$846,000$846,000$846,000$846,000
50$934,781$889,943$876,830$986,526
51$990,168$893,590$866,243$1,025,464
52$1,049,946$896,157$854,044$1,063,583
53$1,114,523$897,551$840,136$1,104,339
54$1,184,348$897,674$824,424$1,147,994
55$1,259,913$896,422$806,804$1,194,838
56$1,341,761$893,683$787,169$1,245,190
57$1,430,487$889,340$765,406$1,299,405
58$1,526,748$883,269$741,397$1,357,875
59$1,631,263$875,335$715,021$1,421,031
60$1,744,825$865,400$686,147$1,489,354
61$1,868,306$853,314$654,643$1,563,370
62$2,002,667$838,920$620,366$1,643,667
63$2,148,961$822,049$583,171$1,730,889
64$2,308,351$802,526$542,903$1,825,751
65$2,482,115$780,162$499,403$1,929,042
66$2,671,660$754,759$452,502$2,041,634
67$2,878,534$726,107$402,026$2,164,490
68$3,104,442$693,983$347,791$2,298,675
69$3,351,260$658,153$289,606$2,445,363
70$3,621,053$618,367$227,273$2,605,855
71$3,916,096$574,363$160,582$2,781,583
72$4,238,893$525,862$89,317$2,974,131
73$4,592,201$472,570$13,250$3,185,248
74$4,979,056$414,176$0$3,416,865
75$5,402,801$350,352$0$3,686,335
76$5,867,119$280,752$0$3,984,949
77$6,376,063$205,007$0$4,312,390
78$6,934,101$122,732$0$4,671,587
79$7,546,151$33,517$0$5,065,769
80$8,217,630$0$0$5,498,497
81$8,954,505$0$0$5,986,186
82$9,763,351$0$0$6,528,862
83$10,651,406$0$0$7,124,751
84$11,626,647$0$0$7,779,215
85$12,697,860$0$0$8,498,157
86$13,874,723$0$0$9,288,084
87$15,167,899$0$0$10,156,161
88$16,589,135$0$0$11,110,284
89$18,151,371$0$0$12,159,151
90$19,868,865$0$0$13,312,344
91$21,757,325$0$0$14,580,421
92$23,834,054$0$0$15,975,014
93$26,118,121$0$0$17,508,938
94$28,630,532$0$0$19,196,313
95$31,394,432$0$0$21,052,696
96$34,435,323$0$0$23,095,229
97$37,781,303$0$0$25,342,797
98$41,463,330$0$0$27,816,211
99$45,515,517$0$0$30,538,400
100$49,975,449$0$0$33,534,627