Can I retire at age 50 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$69,944$69,321$68,714$68,120$67,541$66,919
2 years$34,626$33,981$33,356$32,750$32,162$31,536
3 years$22,855$22,207$21,584$20,983$20,405$19,793
4 years$16,970$16,325$15,707$15,117$14,553$13,961
5 years$13,440$12,799$12,190$11,612$11,063$10,492
6 years$11,088$10,451$9,851$9,286$8,754$8,205
7 years$9,408$8,777$8,186$7,634$7,119$6,592
8 years$8,149$7,523$6,943$6,404$5,906$5,401
9 years$7,170$6,550$5,980$5,455$4,974$4,491
10 years$6,388$5,774$5,213$4,702$4,238$3,777
11 years$5,748$5,140$4,590$4,092$3,645$3,205
12 years$5,215$4,613$4,073$3,590$3,158$2,739
13 years$4,765$4,169$3,639$3,169$2,754$2,356
14 years$4,379$3,790$3,270$2,813$2,414$2,036
15 years$4,045$3,462$2,952$2,509$2,126$1,766
16 years$3,753$3,176$2,677$2,246$1,879$1,538
17 years$3,495$2,925$2,436$2,018$1,666$1,343
18 years$3,267$2,703$2,223$1,819$1,481$1,176
19 years$3,062$2,505$2,035$1,644$1,320$1,032
20 years$2,879$2,328$1,868$1,489$1,179$907
21 years$2,713$2,168$1,718$1,351$1,055$799
22 years$2,562$2,024$1,584$1,228$946$705
23 years$2,425$1,893$1,462$1,119$849$622
24 years$2,299$1,774$1,352$1,020$763$550
25 years$2,184$1,665$1,252$932$687$487
26 years$2,077$1,564$1,162$852$619$431
27 years$1,979$1,472$1,079$780$558$382
28 years$1,888$1,387$1,003$715$503$339
29 years$1,803$1,309$933$655$454$300
30 years$1,724$1,236$869$601$411$267
31 years$1,650$1,168$810$552$371$237
32 years$1,581$1,106$756$508$336$210
33 years$1,517$1,047$706$467$304$187
34 years$1,456$992$660$429$275$166
35 years$1,399$941$617$395$249$148
36 years$1,345$893$577$364$226$132
37 years$1,294$848$540$335$205$117
38 years$1,246$806$506$309$186$104
39 years$1,201$767$474$285$168$93
40 years$1,158$730$444$263$153$83
41 years$1,117$694$416$243$138$73
42 years$1,078$661$391$224$126$65
43 years$1,041$630$366$207$114$58
44 years$1,006$601$344$191$103$52
45 years$973$573$323$176$94$46
46 years$941$546$303$163$85$41
47 years$911$521$285$150$77$37
48 years$881$498$268$139$70$33
49 years$854$475$252$128$64$29
50 years$827$454$237$119$58$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $847,000, adding $6,630 every year, while hoping to spend $38,048 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: 54/30/16 Blend
49$847,000$847,000$847,000$847,000
50$940,233$895,342$882,213$986,647
51$995,654$898,731$871,285$1,022,442
52$1,055,453$901,011$858,715$1,056,762
53$1,120,035$902,087$844,408$1,093,265
54$1,189,849$901,859$828,266$1,132,171
55$1,265,384$900,220$810,183$1,173,719
56$1,347,179$897,058$790,051$1,218,178
57$1,435,829$892,251$767,755$1,265,845
58$1,531,985$885,673$743,176$1,317,046
59$1,636,365$877,188$716,190$1,372,147
60$1,749,757$866,653$686,665$1,431,549
61$1,873,029$853,916$654,465$1,495,700
62$2,007,136$838,816$619,448$1,565,093
63$2,153,129$821,182$581,464$1,640,274
64$2,312,162$800,835$540,357$1,721,850
65$2,485,508$777,581$495,965$1,810,490
66$2,674,567$751,220$448,117$1,906,935
67$2,880,880$721,536$396,636$2,012,006
68$3,106,142$688,304$341,335$2,126,609
69$3,352,220$651,282$282,022$2,251,749
70$3,621,169$610,218$218,492$2,388,535
71$3,915,253$564,843$150,536$2,538,194
72$4,236,962$514,874$77,932$2,702,083
73$4,589,039$460,010$450$2,881,703
74$4,974,505$399,935$0$3,078,711
75$5,396,687$334,313$0$3,308,980
76$5,859,246$262,792$0$3,561,490
77$6,366,218$184,997$0$3,838,447
78$6,922,045$100,535$0$4,142,371
79$7,531,620$8,987$0$4,476,041
80$8,200,332$0$0$4,842,526
81$8,934,119$0$0$5,274,952
82$9,739,519$0$0$5,752,920
83$10,623,734$0$0$6,277,748
84$11,594,698$0$0$6,854,156
85$12,661,153$0$0$7,487,345
86$13,832,725$0$0$8,183,042
87$15,120,022$0$0$8,947,558
88$16,534,728$0$0$9,787,844
89$18,089,718$0$0$10,711,561
90$19,799,172$0$0$11,727,145
91$21,678,716$0$0$12,843,893
92$23,745,564$0$0$14,072,048
93$26,018,683$0$0$15,422,894
94$28,518,969$0$0$16,908,864
95$31,269,445$0$0$18,543,658
96$34,295,478$0$0$20,342,369
97$37,625,018$0$0$22,321,627
98$41,288,860$0$0$24,499,755
99$45,320,936$0$0$26,896,945
100$49,758,632$0$0$29,535,441