Can I retire at age 50 with 871,000?

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 $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%14.1%
1 years$71,926$71,286$70,661$70,051$69,455$68,276
2 years$35,607$34,944$34,301$33,678$33,074$31,890
3 years$23,502$22,836$22,195$21,578$20,983$19,831
4 years$17,451$16,787$16,152$15,546$14,965$13,854
5 years$13,821$13,161$12,535$11,941$11,377$10,309
6 years$11,402$10,747$10,130$9,549$9,002$7,979
7 years$9,675$9,025$8,418$7,851$7,321$6,343
8 years$8,380$7,736$7,139$6,586$6,073$5,141
9 years$7,374$6,736$6,149$5,610$5,115$4,227
10 years$6,569$5,937$5,361$4,836$4,358$3,514
11 years$5,911$5,286$4,720$4,208$3,748$2,947
12 years$5,363$4,744$4,189$3,691$3,248$2,488
13 years$4,900$4,287$3,742$3,259$2,832$2,113
14 years$4,503$3,897$3,362$2,893$2,483$1,803
15 years$4,159$3,560$3,036$2,580$2,186$1,545
16 years$3,859$3,266$2,752$2,310$1,932$1,327
17 years$3,594$3,008$2,505$2,076$1,713$1,144
18 years$3,359$2,780$2,286$1,870$1,523$988
19 years$3,149$2,576$2,093$1,690$1,358$855
20 years$2,960$2,394$1,921$1,531$1,213$741
21 years$2,790$2,230$1,767$1,389$1,085$644
22 years$2,635$2,081$1,628$1,263$973$559
23 years$2,494$1,947$1,504$1,150$873$487
24 years$2,364$1,824$1,391$1,049$785$424
25 years$2,246$1,712$1,288$958$706$370
26 years$2,136$1,609$1,194$876$636$322
27 years$2,035$1,514$1,109$802$574$281
28 years$1,941$1,427$1,031$735$518$246
29 years$1,854$1,346$960$674$467$215
30 years$1,773$1,271$894$618$422$188
31 years$1,697$1,202$833$568$382$164
32 years$1,626$1,137$777$522$345$143
33 years$1,560$1,077$726$480$313$126
34 years$1,497$1,020$678$442$283$110
35 years$1,439$968$634$407$256$96
36 years$1,383$919$593$374$232$84
37 years$1,331$873$555$345$210$74
38 years$1,282$829$520$318$191$64
39 years$1,235$788$487$293$173$56
40 years$1,191$750$457$270$157$49
41 years$1,149$714$428$249$142$43
42 years$1,109$680$402$230$129$38
43 years$1,071$648$377$213$117$33
44 years$1,035$618$354$196$106$29
45 years$1,000$589$332$181$97$26
46 years$968$562$312$167$88$22
47 years$936$536$293$155$80$20
48 years$906$512$275$143$72$17
49 years$878$489$259$132$66$15
50 years$850$467$243$122$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $871,000, adding $2,405 every year, while hoping to spend $26,661 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: 51/41/8 Blend
49$871,000$871,000$871,000$871,000
50$962,323$916,160$902,659$1,009,322
51$1,032,113$932,684$904,531$1,058,114
52$1,108,127$949,125$905,572$1,108,060
53$1,190,974$965,450$905,727$1,161,724
54$1,281,320$981,624$904,935$1,219,463
55$1,379,901$997,610$903,137$1,281,667
56$1,487,526$1,013,367$900,267$1,348,770
57$1,605,084$1,028,853$896,257$1,421,247
58$1,733,558$1,044,022$891,036$1,499,625
59$1,874,025$1,058,824$884,530$1,584,481
60$2,027,675$1,073,206$876,662$1,676,456
61$2,195,816$1,087,111$867,348$1,776,254
62$2,379,889$1,100,479$856,504$1,884,650
63$2,581,481$1,113,245$844,040$2,002,503
64$2,802,338$1,125,341$829,861$2,130,756
65$3,044,386$1,136,691$813,871$2,270,451
66$3,309,743$1,147,219$795,965$2,422,738
67$3,600,743$1,156,839$776,037$2,588,882
68$3,919,958$1,165,464$753,973$2,770,282
69$4,270,219$1,172,997$729,656$2,968,478
70$4,654,645$1,179,337$702,963$3,185,170
71$5,076,672$1,184,377$673,765$3,422,232
72$5,540,084$1,188,003$641,928$3,681,730
73$6,049,050$1,190,093$607,310$3,965,944
74$6,608,162$1,190,517$569,764$4,277,386
75$7,222,481$1,189,138$529,137$4,618,830
76$7,897,579$1,185,811$485,268$4,993,331
77$8,639,596$1,180,380$437,989$5,404,260
78$9,455,299$1,172,682$387,125$5,855,335
79$10,352,138$1,162,542$332,493$6,350,653
80$11,338,326$1,149,776$273,901$6,894,734
81$12,422,908$1,134,189$211,150$7,492,563
82$13,615,852$1,115,571$144,031$8,149,634
83$14,928,139$1,093,704$72,326$8,872,007
84$16,371,869$1,068,355$0$9,666,364
85$17,960,372$1,039,278$0$10,540,429
86$19,708,338$1,006,210$0$11,508,578
87$21,631,951$968,877$0$12,573,610
88$23,749,043$926,985$0$13,745,419
89$26,079,263$880,225$0$15,034,916
90$28,644,263$828,271$0$16,454,129
91$31,467,897$770,775$0$18,016,316
92$34,576,452$707,373$0$19,736,093
93$37,998,892$637,677$0$21,629,572
94$41,767,135$561,278$0$23,714,516
95$45,916,347$477,746$0$26,010,503
96$50,485,282$386,622$0$28,539,117
97$55,516,640$287,426$0$31,324,149
98$61,057,475$179,648$0$34,391,825
99$67,159,637$62,750$0$37,771,055
100$73,880,259$0$0$41,493,705