Can I retire at age 50 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$71,926$71,286$70,661$70,051$69,455$68,332
2 years$35,607$34,944$34,301$33,678$33,074$31,946
3 years$23,502$22,836$22,195$21,578$20,983$19,885
4 years$17,451$16,787$16,152$15,546$14,965$13,906
5 years$13,821$13,161$12,535$11,941$11,377$10,358
6 years$11,402$10,747$10,130$9,549$9,002$8,026
7 years$9,675$9,025$8,418$7,851$7,321$6,388
8 years$8,380$7,736$7,139$6,586$6,073$5,183
9 years$7,374$6,736$6,149$5,610$5,115$4,266
10 years$6,569$5,937$5,361$4,836$4,358$3,551
11 years$5,911$5,286$4,720$4,208$3,748$2,982
12 years$5,363$4,744$4,189$3,691$3,248$2,521
13 years$4,900$4,287$3,742$3,259$2,832$2,144
14 years$4,503$3,897$3,362$2,893$2,483$1,832
15 years$4,159$3,560$3,036$2,580$2,186$1,571
16 years$3,859$3,266$2,752$2,310$1,932$1,352
17 years$3,594$3,008$2,505$2,076$1,713$1,167
18 years$3,359$2,780$2,286$1,870$1,523$1,009
19 years$3,149$2,576$2,093$1,690$1,358$875
20 years$2,960$2,394$1,921$1,531$1,213$760
21 years$2,790$2,230$1,767$1,389$1,085$660
22 years$2,635$2,081$1,628$1,263$973$575
23 years$2,494$1,947$1,504$1,150$873$501
24 years$2,364$1,824$1,391$1,049$785$437
25 years$2,246$1,712$1,288$958$706$382
26 years$2,136$1,609$1,194$876$636$333
27 years$2,035$1,514$1,109$802$574$291
28 years$1,941$1,427$1,031$735$518$255
29 years$1,854$1,346$960$674$467$223
30 years$1,773$1,271$894$618$422$195
31 years$1,697$1,202$833$568$382$171
32 years$1,626$1,137$777$522$345$150
33 years$1,560$1,077$726$480$313$131
34 years$1,497$1,020$678$442$283$115
35 years$1,439$968$634$407$256$101
36 years$1,383$919$593$374$232$88
37 years$1,331$873$555$345$210$78
38 years$1,282$829$520$318$191$68
39 years$1,235$788$487$293$173$60
40 years$1,191$750$457$270$157$52
41 years$1,149$714$428$249$142$46
42 years$1,109$680$402$230$129$40
43 years$1,071$648$377$213$117$35
44 years$1,035$618$354$196$106$31
45 years$1,000$589$332$181$97$27
46 years$968$562$312$167$88$24
47 years$936$536$293$155$80$21
48 years$906$512$275$143$72$18
49 years$878$489$259$132$66$16
50 years$850$467$243$122$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $871,000, adding $5,112 every year, while hoping to spend $37,153 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: 79/15/6 Blend
49$871,000$871,000$871,000$871,000
50$965,115$918,952$905,452$1,040,480
51$1,024,026$924,450$896,254$1,096,091
52$1,087,701$928,973$885,502$1,151,682
53$1,156,587$932,432$873,107$1,211,544
54$1,231,173$934,736$858,971$1,276,082
55$1,312,001$935,787$842,994$1,345,747
56$1,399,664$935,479$825,073$1,421,032
57$1,494,814$933,702$805,098$1,502,480
58$1,598,170$930,338$782,953$1,590,692
59$1,710,521$925,262$758,520$1,686,328
60$1,832,736$918,341$731,672$1,790,115
61$1,965,771$909,436$702,279$1,902,857
62$2,110,677$898,396$670,202$2,025,436
63$2,268,612$885,063$635,300$2,158,826
64$2,440,850$869,271$597,422$2,304,102
65$2,628,792$850,841$556,412$2,462,445
66$2,833,983$829,586$512,105$2,635,161
67$3,058,120$805,306$464,332$2,823,686
68$3,303,073$777,792$412,912$3,029,604
69$3,570,903$746,819$357,661$3,254,661
70$3,863,875$712,153$298,382$3,500,781
71$4,184,485$673,543$234,873$3,770,086
72$4,535,482$630,727$166,920$4,064,915
73$4,919,892$583,423$94,304$4,387,843
74$5,341,049$531,339$16,790$4,741,713
75$5,802,622$474,161$0$5,129,656
76$6,308,655$411,560$0$5,559,345
77$6,863,599$343,188$0$6,031,786
78$7,472,359$268,677$0$6,550,113
79$8,140,335$187,638$0$7,118,969
80$8,873,477$99,660$0$7,743,468
81$9,678,339$4,311$0$8,429,247
82$10,562,140$0$0$9,182,519
83$11,532,832$0$0$10,026,450
84$12,599,174$0$0$10,954,352
85$13,770,819$0$0$11,973,914
86$15,058,397$0$0$13,094,391
87$16,473,620$0$0$14,325,979
88$18,029,394$0$0$15,679,912
89$19,739,933$0$0$17,168,566
90$21,620,902$0$0$18,805,576
91$23,689,555$0$0$20,605,963
92$25,964,905$0$0$22,586,281
93$28,467,900$0$0$24,764,763
94$31,221,619$0$0$27,161,504
95$34,251,493$0$0$29,798,639
96$37,585,540$0$0$32,700,563
97$41,254,632$0$0$35,894,151
98$45,292,785$0$0$39,409,015
99$49,737,481$0$0$43,277,786
100$54,630,018$0$0$47,536,417