Can I retire at age 50 with 873,000?

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 $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%13.4%
1 years$72,092$71,449$70,823$70,211$69,614$68,631
2 years$35,689$35,024$34,380$33,755$33,150$32,161
3 years$23,556$22,889$22,246$21,627$21,031$20,068
4 years$17,491$16,826$16,190$15,581$15,000$14,069
5 years$13,853$13,191$12,564$11,968$11,403$10,507
6 years$11,428$10,772$10,153$9,571$9,023$8,163
7 years$9,697$9,046$8,437$7,869$7,338$6,515
8 years$8,399$7,754$7,156$6,601$6,087$5,302
9 years$7,390$6,751$6,163$5,623$5,126$4,377
10 years$6,584$5,951$5,373$4,847$4,368$3,654
11 years$5,924$5,298$4,730$4,218$3,757$3,078
12 years$5,375$4,755$4,198$3,700$3,255$2,611
13 years$4,911$4,297$3,751$3,266$2,839$2,228
14 years$4,513$3,906$3,370$2,900$2,488$1,910
15 years$4,169$3,568$3,043$2,586$2,191$1,644
16 years$3,868$3,274$2,759$2,315$1,936$1,420
17 years$3,602$3,015$2,510$2,080$1,717$1,229
18 years$3,367$2,786$2,292$1,875$1,527$1,067
19 years$3,156$2,582$2,098$1,694$1,361$928
20 years$2,967$2,399$1,925$1,534$1,215$809
21 years$2,796$2,235$1,771$1,392$1,088$706
22 years$2,641$2,086$1,632$1,266$975$617
23 years$2,499$1,951$1,507$1,153$875$540
24 years$2,370$1,828$1,394$1,052$787$473
25 years$2,251$1,716$1,291$960$708$414
26 years$2,141$1,612$1,197$878$638$364
27 years$2,040$1,517$1,112$804$575$319
28 years$1,946$1,430$1,033$736$519$280
29 years$1,858$1,349$962$675$468$246
30 years$1,777$1,274$896$620$423$216
31 years$1,701$1,204$835$569$383$190
32 years$1,630$1,140$779$523$346$167
33 years$1,563$1,079$728$481$313$147
34 years$1,501$1,023$680$443$284$130
35 years$1,442$970$636$407$257$114
36 years$1,387$921$595$375$233$101
37 years$1,334$875$556$346$211$89
38 years$1,285$831$521$319$191$78
39 years$1,238$790$488$294$173$69
40 years$1,194$752$458$271$157$61
41 years$1,151$716$429$250$143$53
42 years$1,111$682$403$231$129$47
43 years$1,073$649$378$213$118$41
44 years$1,037$619$355$197$107$37
45 years$1,003$590$333$182$97$32
46 years$970$563$313$168$88$28
47 years$938$537$294$155$80$25
48 years$908$513$276$143$73$22
49 years$880$490$259$132$66$19
50 years$852$468$244$122$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $873,000, adding $2,847 every year, while hoping to spend $23,242 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: 68/17/15 Blend
49$873,000$873,000$873,000$873,000
50$964,983$918,714$905,182$1,027,037
51$1,038,682$939,001$910,776$1,089,037
52$1,119,119$959,504$915,779$1,153,810
53$1,206,957$980,208$920,146$1,224,068
54$1,302,926$1,001,098$923,830$1,300,348
55$1,407,829$1,022,156$926,783$1,383,242
56$1,522,550$1,043,364$928,953$1,473,401
57$1,648,063$1,064,702$930,286$1,571,542
58$1,785,441$1,086,147$930,725$1,678,457
59$1,935,862$1,107,675$930,211$1,795,017
60$2,100,629$1,129,260$928,682$1,922,181
61$2,281,172$1,150,872$926,071$2,061,007
62$2,479,068$1,172,481$922,311$2,212,661
63$2,696,053$1,194,054$917,329$2,378,427
64$2,934,041$1,215,553$911,050$2,559,719
65$3,195,138$1,236,940$903,395$2,758,099
66$3,481,665$1,258,172$894,281$2,975,283
67$3,796,176$1,279,204$883,622$3,213,166
68$4,141,489$1,299,988$871,326$3,473,836
69$4,520,703$1,320,470$857,298$3,759,591
70$4,937,236$1,340,594$841,438$4,072,967
71$5,394,851$1,360,300$823,644$4,416,757
72$5,897,695$1,379,524$803,804$4,794,040
73$6,450,334$1,398,195$781,806$5,208,209
74$7,057,802$1,416,240$757,530$5,663,003
75$7,725,641$1,433,579$730,851$6,162,543
76$8,459,961$1,450,128$701,639$6,711,370
77$9,267,489$1,465,797$669,756$7,314,491
78$10,155,641$1,480,489$635,060$7,977,422
79$11,132,584$1,494,101$597,403$8,706,243
80$12,207,319$1,506,524$556,628$9,507,655
81$13,389,763$1,517,640$512,572$10,389,041
82$14,690,840$1,527,326$465,065$11,358,543
83$16,122,591$1,535,450$413,929$12,425,129
84$17,698,278$1,541,870$358,978$13,598,686
85$19,432,517$1,546,437$300,019$14,890,109
86$21,341,413$1,548,991$236,849$16,311,407
87$23,442,710$1,549,364$169,256$17,875,813
88$25,755,960$1,547,377$97,020$19,597,914
89$28,302,707$1,542,837$19,909$21,493,784
90$31,106,691$1,535,545$0$23,581,140
91$34,194,071$1,525,283$0$25,889,490
92$37,593,670$1,511,826$0$28,434,419
93$41,337,249$1,494,931$0$31,236,494
94$45,459,809$1,474,342$0$34,321,896
95$49,999,913$1,449,789$0$37,719,476
96$55,000,059$1,420,983$0$41,461,028
97$60,507,074$1,387,621$0$45,581,588
98$66,572,561$1,349,380$0$50,119,768
99$73,253,382$1,305,919$0$55,118,115
100$80,612,194$1,256,876$0$60,623,519