Can I retire at age 50 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$72,092$71,449$70,823$70,211$69,614$67,171
2 years$35,689$35,024$34,380$33,755$33,150$30,714
3 years$23,556$22,889$22,246$21,627$21,031$18,680
4 years$17,491$16,826$16,190$15,581$15,000$12,750
5 years$13,853$13,191$12,564$11,968$11,403$9,260
6 years$11,428$10,772$10,153$9,571$9,023$6,990
7 years$9,697$9,046$8,437$7,869$7,338$5,414
8 years$8,399$7,754$7,156$6,601$6,087$4,271
9 years$7,390$6,751$6,163$5,623$5,126$3,415
10 years$6,584$5,951$5,373$4,847$4,368$2,759
11 years$5,924$5,298$4,730$4,218$3,757$2,247
12 years$5,375$4,755$4,198$3,700$3,255$1,841
13 years$4,911$4,297$3,751$3,266$2,839$1,516
14 years$4,513$3,906$3,370$2,900$2,488$1,253
15 years$4,169$3,568$3,043$2,586$2,191$1,039
16 years$3,868$3,274$2,759$2,315$1,936$864
17 years$3,602$3,015$2,510$2,080$1,717$720
18 years$3,367$2,786$2,292$1,875$1,527$601
19 years$3,156$2,582$2,098$1,694$1,361$503
20 years$2,967$2,399$1,925$1,534$1,215$421
21 years$2,796$2,235$1,771$1,392$1,088$353
22 years$2,641$2,086$1,632$1,266$975$296
23 years$2,499$1,951$1,507$1,153$875$248
24 years$2,370$1,828$1,394$1,052$787$209
25 years$2,251$1,716$1,291$960$708$175
26 years$2,141$1,612$1,197$878$638$147
27 years$2,040$1,517$1,112$804$575$124
28 years$1,946$1,430$1,033$736$519$104
29 years$1,858$1,349$962$675$468$88
30 years$1,777$1,274$896$620$423$74
31 years$1,701$1,204$835$569$383$62
32 years$1,630$1,140$779$523$346$52
33 years$1,563$1,079$728$481$313$44
34 years$1,501$1,023$680$443$284$37
35 years$1,442$970$636$407$257$31
36 years$1,387$921$595$375$233$26
37 years$1,334$875$556$346$211$22
38 years$1,285$831$521$319$191$19
39 years$1,238$790$488$294$173$16
40 years$1,194$752$458$271$157$13
41 years$1,151$716$429$250$143$11
42 years$1,111$682$403$231$129$9
43 years$1,073$649$378$213$118$8
44 years$1,037$619$355$197$107$7
45 years$1,003$590$333$182$97$6
46 years$970$563$313$168$88$5
47 years$938$537$294$155$80$4
48 years$908$513$276$143$73$3
49 years$880$490$259$132$66$3
50 years$852$468$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $873,000, adding $3,918 every year, while hoping to spend $48,952 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: 74/18/8 Blend
49$873,000$873,000$873,000$873,000
50$966,087$919,818$906,287$1,036,085
51$1,012,544$912,805$884,563$1,075,731
52$1,062,098$903,807$860,471$1,112,593
53$1,115,014$892,676$833,879$1,151,592
54$1,171,583$879,254$804,651$1,192,924
55$1,232,120$863,374$772,643$1,236,802
56$1,296,975$844,858$737,705$1,283,467
57$1,366,530$823,519$699,681$1,333,181
58$1,441,203$799,158$658,407$1,386,235
59$1,521,453$771,565$613,712$1,442,949
60$1,607,787$740,517$565,417$1,503,680
61$1,700,758$705,779$513,335$1,568,820
62$1,800,975$667,102$457,271$1,638,801
63$1,909,106$624,221$397,021$1,714,102
64$2,025,886$576,859$332,373$1,795,253
65$2,152,122$524,721$263,103$1,882,838
66$2,288,702$467,496$188,980$1,977,502
67$2,436,600$404,854$109,762$2,079,960
68$2,596,890$336,448$25,195$2,190,998
69$2,770,748$261,910$0$2,311,488
70$2,959,474$180,852$0$2,447,944
71$3,164,491$92,865$0$2,598,531
72$3,387,370$0$0$2,762,293
73$3,629,836$0$0$2,941,044
74$3,893,787$0$0$3,155,692
75$4,181,313$0$0$3,389,546
76$4,494,713$0$0$3,644,480
77$4,836,517$0$0$3,922,557
78$5,209,510$0$0$4,226,048
79$5,616,759$0$0$4,557,451
80$6,061,637$0$0$4,919,519
81$6,547,859$0$0$5,315,280
82$7,079,516$0$0$5,748,068
83$7,661,111$0$0$6,221,555
84$8,297,603$0$0$6,739,785
85$8,994,451$0$0$7,307,208
86$9,757,668$0$0$7,928,727
87$10,593,875$0$0$8,609,741
88$11,510,365$0$0$9,356,195
89$12,515,168$0$0$10,174,638
90$13,617,129$0$0$11,072,282
91$14,825,991$0$0$12,057,070
92$16,152,484$0$0$13,137,752
93$17,608,429$0$0$14,323,966
94$19,206,843$0$0$15,626,327
95$20,962,070$0$0$17,056,531
96$22,889,909$0$0$18,627,460
97$25,007,762$0$0$20,353,305
98$27,334,804$0$0$22,249,700
99$29,892,156$0$0$24,333,869
100$32,703,088$0$0$26,624,786