Can I retire at age 50 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$71,513$70,876$70,255$69,648$69,056$67,912
2 years$35,403$34,743$34,104$33,485$32,884$31,735
3 years$23,367$22,705$22,068$21,454$20,863$19,744
4 years$17,351$16,691$16,060$15,456$14,880$13,800
5 years$13,742$13,086$12,463$11,872$11,311$10,274
6 years$11,337$10,685$10,072$9,494$8,950$7,956
7 years$9,619$8,974$8,370$7,806$7,279$6,329
8 years$8,332$7,692$7,098$6,548$6,039$5,132
9 years$7,331$6,697$6,114$5,577$5,085$4,222
10 years$6,531$5,903$5,330$4,808$4,333$3,512
11 years$5,877$5,255$4,693$4,184$3,726$2,947
12 years$5,332$4,717$4,165$3,670$3,229$2,490
13 years$4,871$4,263$3,721$3,240$2,816$2,116
14 years$4,477$3,875$3,343$2,876$2,468$1,807
15 years$4,135$3,540$3,018$2,565$2,173$1,549
16 years$3,837$3,248$2,737$2,297$1,921$1,332
17 years$3,574$2,991$2,490$2,064$1,703$1,149
18 years$3,340$2,764$2,273$1,860$1,514$993
19 years$3,131$2,561$2,081$1,680$1,350$860
20 years$2,943$2,380$1,910$1,522$1,206$746
21 years$2,774$2,217$1,757$1,381$1,079$648
22 years$2,620$2,070$1,619$1,256$967$564
23 years$2,479$1,936$1,495$1,144$868$491
24 years$2,351$1,814$1,383$1,043$780$428
25 years$2,233$1,702$1,281$953$702$373
26 years$2,124$1,599$1,188$871$632$326
27 years$2,023$1,505$1,103$797$570$285
28 years$1,930$1,418$1,025$731$515$249
29 years$1,843$1,338$954$670$465$218
30 years$1,763$1,264$889$615$420$190
31 years$1,687$1,195$828$565$380$167
32 years$1,617$1,130$773$519$343$146
33 years$1,551$1,070$722$477$311$128
34 years$1,489$1,015$674$439$281$112
35 years$1,430$962$630$404$255$98
36 years$1,375$913$590$372$231$86
37 years$1,323$867$552$343$209$75
38 years$1,274$824$517$316$190$66
39 years$1,228$784$484$291$172$58
40 years$1,184$746$454$269$156$51
41 years$1,142$710$426$248$142$44
42 years$1,103$676$399$229$128$39
43 years$1,065$644$375$211$117$34
44 years$1,029$614$352$195$106$30
45 years$995$586$330$180$96$26
46 years$962$559$310$166$87$23
47 years$931$533$291$154$79$20
48 years$901$509$274$142$72$18
49 years$873$486$257$131$65$16
50 years$846$464$242$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $866,000, adding $4,901 every year, while hoping to spend $34,608 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: 83/5/12 Blend
49$866,000$866,000$866,000$866,000
50$959,387$913,489$900,066$1,036,591
51$1,020,422$921,428$893,396$1,095,823
52$1,086,523$928,595$885,342$1,155,765
53$1,158,169$934,917$875,822$1,220,557
54$1,235,889$940,315$864,749$1,290,667
55$1,320,264$944,704$852,032$1,366,610
56$1,411,931$947,996$837,576$1,448,954
57$1,511,595$950,094$821,281$1,538,325
58$1,620,026$950,897$803,043$1,635,410
59$1,738,077$950,299$782,753$1,740,970
60$1,866,682$948,185$760,296$1,855,840
61$2,006,872$944,434$735,554$1,980,940
62$2,159,779$938,918$708,402$2,117,286
63$2,326,651$931,500$678,708$2,265,994
64$2,508,862$922,035$646,337$2,428,297
65$2,707,922$910,371$611,145$2,605,551
66$2,925,495$896,345$572,984$2,799,252
67$3,163,414$879,784$531,697$3,011,046
68$3,423,696$860,507$487,122$3,242,749
69$3,708,561$838,320$439,089$3,496,362
70$4,020,455$813,019$387,420$3,774,089
71$4,362,072$784,387$331,928$4,078,359
72$4,736,376$752,195$272,421$4,411,849
73$5,146,635$716,201$208,696$4,777,508
74$5,596,446$676,149$140,541$5,178,587
75$6,089,770$631,766$67,736$5,618,670
76$6,630,972$582,768$0$6,101,703
77$7,224,857$528,850$0$6,633,313
78$7,876,721$469,692$0$7,226,359
79$8,592,395$404,956$0$7,877,474
80$9,378,304$334,283$0$8,592,516
81$10,241,524$257,296$0$9,377,937
82$11,189,852$173,596$0$10,240,848
83$12,231,876$82,761$0$11,189,081
84$13,377,056$0$0$12,231,267
85$14,635,818$0$0$13,377,777
86$16,019,643$0$0$14,643,222
87$17,541,184$0$0$16,034,622
88$19,214,380$0$0$17,564,725
89$21,054,588$0$0$19,247,577
90$23,078,727$0$0$21,098,655
91$25,305,441$0$0$23,135,010
92$27,755,269$0$0$25,375,427
93$30,450,843$0$0$27,840,608
94$33,417,098$0$0$30,553,358
95$36,681,510$0$0$33,538,810
96$40,274,352$0$0$36,824,651
97$44,228,980$0$0$40,441,391
98$48,582,149$0$0$44,422,649
99$53,374,360$0$0$48,805,467
100$58,650,235$0$0$53,630,661