Can I retire at age 50 with 870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$71,844$71,204$70,579$69,970$69,375$67,561
2 years$35,566$34,904$34,262$33,639$33,036$31,220
3 years$23,475$22,810$22,170$21,553$20,959$19,199
4 years$17,431$16,768$16,134$15,528$14,948$13,258
5 years$13,805$13,146$12,521$11,927$11,363$9,747
6 years$11,389$10,735$10,118$9,538$8,992$7,450
7 years$9,664$9,015$8,408$7,842$7,313$5,846
8 years$8,371$7,728$7,131$6,578$6,066$4,675
9 years$7,365$6,728$6,142$5,603$5,109$3,791
10 years$6,561$5,931$5,355$4,830$4,353$3,107
11 years$5,904$5,280$4,714$4,204$3,744$2,568
12 years$5,357$4,739$4,184$3,687$3,244$2,136
13 years$4,894$4,282$3,738$3,255$2,829$1,787
14 years$4,498$3,893$3,359$2,890$2,480$1,501
15 years$4,154$3,556$3,032$2,577$2,183$1,265
16 years$3,854$3,263$2,749$2,307$1,930$1,070
17 years$3,590$3,005$2,502$2,073$1,711$907
18 years$3,355$2,776$2,284$1,868$1,521$770
19 years$3,145$2,573$2,091$1,688$1,356$655
20 years$2,957$2,391$1,919$1,529$1,211$558
21 years$2,786$2,227$1,765$1,388$1,084$476
22 years$2,632$2,079$1,627$1,262$972$407
23 years$2,491$1,945$1,502$1,149$872$348
24 years$2,362$1,822$1,389$1,048$784$297
25 years$2,243$1,710$1,286$957$705$254
26 years$2,134$1,607$1,193$875$635$218
27 years$2,033$1,512$1,108$801$573$187
28 years$1,939$1,425$1,030$734$517$160
29 years$1,852$1,344$958$673$467$137
30 years$1,771$1,270$893$618$422$118
31 years$1,695$1,200$832$567$381$101
32 years$1,624$1,136$777$521$345$87
33 years$1,558$1,075$725$479$312$74
34 years$1,496$1,019$677$441$283$64
35 years$1,437$967$633$406$256$55
36 years$1,382$918$593$374$232$47
37 years$1,330$872$555$345$210$40
38 years$1,280$828$519$318$191$35
39 years$1,234$788$487$293$173$30
40 years$1,189$749$456$270$157$26
41 years$1,147$713$428$249$142$22
42 years$1,108$679$401$230$129$19
43 years$1,070$647$376$212$117$16
44 years$1,034$617$353$196$106$14
45 years$999$588$332$181$97$12
46 years$967$561$312$167$88$10
47 years$935$536$293$154$80$9
48 years$905$511$275$143$72$8
49 years$877$488$259$132$66$7
50 years$849$466$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $870,000, adding $5,835 every year, while hoping to spend $26,357 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: 45/34/21 Blend
49$870,000$870,000$870,000$870,000
50$964,759$918,649$905,164$1,002,103
51$1,035,121$935,619$907,443$1,045,913
52$1,111,776$952,537$908,915$1,090,341
53$1,195,339$969,373$909,526$1,137,981
54$1,286,485$986,095$909,217$1,189,142
55$1,385,959$1,002,666$907,928$1,244,169
56$1,494,579$1,019,048$905,596$1,303,441
57$1,613,247$1,035,203$902,154$1,367,374
58$1,742,955$1,051,084$897,533$1,436,432
59$1,884,795$1,066,647$891,660$1,511,123
60$2,039,972$1,081,839$884,457$1,592,009
61$2,209,808$1,096,609$875,846$1,679,711
62$2,395,763$1,110,897$865,741$1,774,913
63$2,599,443$1,124,643$854,056$1,878,371
64$2,822,617$1,137,781$840,697$1,990,918
65$3,067,232$1,150,241$825,569$2,113,475
66$3,335,434$1,161,947$808,570$2,247,058
67$3,629,587$1,172,821$789,595$2,392,786
68$3,952,291$1,182,776$768,534$2,551,896
69$4,306,416$1,191,722$745,270$2,725,752
70$4,695,117$1,199,564$719,683$2,915,859
71$5,121,873$1,206,196$691,647$3,123,879
72$5,590,516$1,211,512$661,029$3,351,644
73$6,105,265$1,215,393$627,690$3,601,175
74$6,670,772$1,217,717$591,488$3,874,703
75$7,292,158$1,218,352$552,269$4,174,689
76$7,975,065$1,217,158$509,878$4,503,846
77$8,725,711$1,213,988$464,148$4,865,169
78$9,550,944$1,208,684$414,907$5,261,961
79$10,458,310$1,201,080$361,976$5,697,866
80$11,456,122$1,190,997$305,167$6,176,902
81$12,553,540$1,178,249$244,283$6,703,502
82$13,760,654$1,162,637$179,120$7,282,554
83$15,088,584$1,143,949$109,464$7,919,452
84$16,549,579$1,121,962$35,090$8,620,142
85$18,157,138$1,096,439$0$9,391,183
86$19,926,131$1,067,131$0$10,249,729
87$21,872,947$1,033,770$0$11,202,871
88$24,015,640$996,077$0$12,251,591
89$26,374,104$953,754$0$13,405,648
90$28,970,261$906,487$0$14,675,800
91$31,828,265$853,942$0$16,073,908
92$34,974,732$795,768$0$17,613,042
93$38,438,987$731,594$0$19,307,613
94$42,253,347$661,025$0$21,173,505
95$46,453,419$583,646$0$23,228,229
96$51,078,440$499,017$0$25,491,084
97$56,171,648$406,675$0$27,983,345
98$61,780,683$306,130$0$30,728,463
99$67,958,045$196,863$0$33,752,286
100$74,761,584$78,327$0$37,083,307