Can I retire at age 50 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$70,027$69,403$68,795$68,201$67,621$67,166
2 years$34,667$34,021$33,395$32,789$32,200$31,742
3 years$22,882$22,233$21,609$21,008$20,429$19,981
4 years$16,990$16,344$15,726$15,135$14,570$14,136
5 years$13,456$12,814$12,204$11,625$11,076$10,657
6 years$11,101$10,463$9,863$9,297$8,764$8,361
7 years$9,419$8,787$8,196$7,643$7,128$6,740
8 years$8,159$7,532$6,951$6,412$5,913$5,541
9 years$7,179$6,558$5,987$5,461$4,980$4,623
10 years$6,395$5,781$5,219$4,708$4,243$3,902
11 years$5,755$5,146$4,595$4,097$3,649$3,323
12 years$5,221$4,619$4,078$3,594$3,162$2,852
13 years$4,770$4,174$3,643$3,173$2,757$2,462
14 years$4,384$3,794$3,274$2,816$2,417$2,136
15 years$4,049$3,466$2,956$2,512$2,128$1,861
16 years$3,757$3,180$2,680$2,249$1,881$1,627
17 years$3,499$2,929$2,438$2,021$1,668$1,427
18 years$3,270$2,706$2,226$1,821$1,483$1,255
19 years$3,066$2,508$2,038$1,646$1,322$1,106
20 years$2,882$2,331$1,870$1,490$1,181$976
21 years$2,716$2,171$1,720$1,353$1,057$864
22 years$2,565$2,026$1,585$1,230$947$765
23 years$2,428$1,895$1,464$1,120$850$679
24 years$2,302$1,776$1,354$1,022$764$603
25 years$2,186$1,667$1,254$933$688$536
26 years$2,080$1,566$1,163$853$619$477
27 years$1,981$1,474$1,080$781$558$424
28 years$1,890$1,389$1,004$715$504$378
29 years$1,805$1,310$934$656$455$337
30 years$1,726$1,237$870$602$411$301
31 years$1,652$1,170$811$553$372$268
32 years$1,583$1,107$757$508$336$240
33 years$1,519$1,048$707$467$304$214
34 years$1,458$993$660$430$275$191
35 years$1,401$942$617$396$250$171
36 years$1,347$894$578$365$226$153
37 years$1,296$849$541$336$205$137
38 years$1,248$807$506$310$186$122
39 years$1,202$768$474$285$168$109
40 years$1,159$730$445$263$153$98
41 years$1,118$695$417$243$139$88
42 years$1,080$662$391$224$126$78
43 years$1,043$631$367$207$114$70
44 years$1,008$601$344$191$104$63
45 years$974$573$323$176$94$56
46 years$942$547$304$163$85$50
47 years$912$522$285$151$78$45
48 years$882$498$268$139$70$40
49 years$855$476$252$129$64$36
50 years$828$455$237$119$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $848,000, adding $3,666 every year, while hoping to spend $23,030 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: 80/7/13 Blend
49$848,000$848,000$848,000$848,000
50$938,277$893,333$880,189$1,010,703
51$1,009,478$912,603$885,172$1,078,086
52$1,087,169$932,045$889,550$1,148,663
53$1,171,989$951,643$893,278$1,225,451
54$1,264,638$971,381$896,310$1,309,061
55$1,365,891$991,238$898,596$1,400,167
56$1,476,598$1,011,195$900,085$1,499,510
57$1,597,696$1,031,228$900,722$1,607,907
58$1,730,216$1,051,313$900,451$1,726,258
59$1,875,294$1,071,424$899,212$1,855,554
60$2,034,180$1,091,530$896,943$1,996,889
61$2,208,253$1,111,601$893,577$2,151,464
62$2,399,029$1,131,604$889,045$2,320,606
63$2,608,178$1,151,500$883,276$2,505,775
64$2,837,540$1,171,252$876,194$2,708,579
65$3,089,142$1,190,816$867,720$2,930,793
66$3,365,216$1,210,148$857,770$3,174,369
67$3,668,221$1,229,197$846,257$3,441,460
68$4,000,864$1,247,913$833,092$3,734,437
69$4,366,129$1,266,237$818,177$4,055,913
70$4,767,302$1,284,111$801,414$4,408,768
71$5,208,003$1,301,469$782,698$4,796,174
72$5,692,221$1,318,242$761,919$5,221,629
73$6,224,348$1,334,357$738,965$5,688,984
74$6,809,225$1,349,734$713,714$6,202,485
75$7,452,184$1,364,289$686,041$6,766,809
76$8,159,101$1,377,933$655,818$7,387,113
77$8,936,447$1,390,569$622,905$8,069,077
78$9,791,353$1,402,096$587,161$8,818,961
79$10,731,677$1,412,405$548,437$9,643,664
80$11,766,074$1,421,379$506,576$10,550,788
81$12,904,083$1,428,895$461,415$11,548,710
82$14,156,211$1,434,823$412,784$12,646,663
83$15,534,037$1,439,022$360,505$13,854,819
84$17,050,320$1,441,345$304,393$15,184,392
85$18,719,115$1,441,633$244,252$16,647,735
86$20,555,912$1,439,720$179,882$18,258,464
87$22,577,776$1,435,428$111,069$20,031,583
88$24,803,514$1,428,568$37,594$21,983,629
89$27,253,844$1,418,940$0$24,132,821
90$29,951,601$1,406,332$0$26,504,905
91$32,921,941$1,390,520$0$29,122,279
92$36,192,587$1,371,263$0$32,004,147
93$39,794,086$1,348,311$0$35,177,419
94$43,760,099$1,321,394$0$38,671,752
95$48,127,716$1,290,229$0$42,519,823
96$52,937,808$1,254,515$0$46,757,642
97$58,235,414$1,213,936$0$51,424,891
98$64,070,160$1,168,153$0$56,565,297
99$70,496,735$1,116,811$0$62,227,046
100$77,575,401$1,059,533$0$68,463,238