Can I retire at age 50 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,174$71,531$70,904$70,292$69,694$68,880
2 years$35,730$35,064$34,419$33,794$33,188$32,369
3 years$23,583$22,915$22,272$21,652$21,056$20,257
4 years$17,511$16,845$16,208$15,599$15,017$14,244
5 years$13,869$13,207$12,578$11,982$11,416$10,672
6 years$11,441$10,784$10,165$9,582$9,033$8,318
7 years$9,708$9,057$8,447$7,878$7,346$6,661
8 years$8,409$7,763$7,164$6,608$6,094$5,439
9 years$7,399$6,759$6,170$5,629$5,132$4,506
10 years$6,591$5,958$5,379$4,852$4,373$3,776
11 years$5,931$5,304$4,736$4,223$3,761$3,192
12 years$5,381$4,761$4,203$3,704$3,259$2,718
13 years$4,916$4,302$3,755$3,270$2,842$2,328
14 years$4,518$3,911$3,374$2,903$2,491$2,004
15 years$4,174$3,572$3,046$2,589$2,194$1,732
16 years$3,872$3,278$2,762$2,318$1,939$1,502
17 years$3,607$3,019$2,513$2,083$1,719$1,306
18 years$3,371$2,789$2,294$1,877$1,528$1,139
19 years$3,160$2,585$2,100$1,696$1,362$995
20 years$2,970$2,402$1,927$1,536$1,217$871
21 years$2,799$2,238$1,773$1,394$1,089$764
22 years$2,644$2,089$1,634$1,268$976$670
23 years$2,502$1,953$1,509$1,154$876$589
24 years$2,372$1,830$1,395$1,053$788$518
25 years$2,253$1,718$1,292$962$709$457
26 years$2,144$1,614$1,199$879$638$402
27 years$2,042$1,519$1,113$805$576$355
28 years$1,948$1,432$1,035$737$519$313
29 years$1,861$1,351$963$676$469$277
30 years$1,779$1,275$897$620$424$244
31 years$1,703$1,206$836$570$383$216
32 years$1,632$1,141$780$524$346$191
33 years$1,565$1,080$728$482$314$169
34 years$1,503$1,024$681$443$284$149
35 years$1,444$971$636$408$257$132
36 years$1,388$922$595$376$233$117
37 years$1,336$876$557$346$211$103
38 years$1,286$832$522$319$191$92
39 years$1,239$791$489$294$174$81
40 years$1,195$753$458$271$157$72
41 years$1,153$717$430$250$143$64
42 years$1,113$682$403$231$130$56
43 years$1,075$650$378$213$118$50
44 years$1,038$620$355$197$107$44
45 years$1,004$591$333$182$97$39
46 years$971$564$313$168$88$35
47 years$940$538$294$155$80$31
48 years$910$514$276$143$73$27
49 years$881$490$260$133$66$24
50 years$853$469$244$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $874,000, adding $3,741 every year, while hoping to spend $34,674 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: 43/42/15 Blend
49$874,000$874,000$874,000$874,000
50$967,007$920,685$907,138$1,004,222
51$1,028,749$928,906$900,634$1,038,924
52$1,095,626$936,367$892,750$1,072,760
53$1,168,126$942,995$883,404$1,108,670
54$1,246,785$948,712$872,508$1,146,858
55$1,332,191$953,433$859,971$1,187,554
56$1,424,993$957,070$845,699$1,231,010
57$1,525,904$959,528$829,591$1,277,508
58$1,635,709$960,707$811,544$1,327,359
59$1,755,269$960,499$791,449$1,380,907
60$1,885,535$958,792$769,191$1,438,536
61$2,027,552$955,465$744,651$1,500,669
62$2,182,469$950,391$717,705$1,567,775
63$2,351,554$943,433$688,221$1,640,375
64$2,536,200$934,448$656,063$1,719,044
65$2,737,940$923,284$621,089$1,804,421
66$2,958,463$909,778$583,149$1,897,211
67$3,199,630$893,760$542,088$1,998,196
68$3,463,486$875,049$497,742$2,108,241
69$3,752,287$853,452$449,942$2,228,303
70$4,068,515$828,765$398,509$2,359,443
71$4,414,903$800,774$343,259$2,502,830
72$4,794,462$769,251$283,997$2,659,762
73$5,210,506$733,954$220,520$2,831,672
74$5,666,688$694,628$152,618$3,020,146
75$6,167,029$651,004$80,069$3,226,935
76$6,715,959$602,795$2,644$3,453,978
77$7,318,356$549,701$0$3,703,417
78$7,979,594$491,403$0$3,990,420
79$8,705,594$427,563$0$4,306,086
80$9,502,877$357,826$0$4,652,925
81$10,378,626$281,814$0$5,034,174
82$11,340,754$199,132$0$5,453,407
83$12,397,980$109,358$0$5,914,572
84$13,559,908$12,051$0$6,422,023
85$14,837,118$0$0$6,980,568
86$16,241,269$0$0$7,638,614
87$17,785,201$0$0$8,368,412
88$19,483,065$0$0$9,171,094
89$21,350,451$0$0$10,054,047
90$23,404,533$0$0$11,025,408
91$25,664,236$0$0$12,094,141
92$28,150,411$0$0$13,270,126
93$30,886,031$0$0$14,564,246
94$33,896,409$0$0$15,988,494
95$37,209,436$0$0$17,556,085
96$40,855,842$0$0$19,281,578
97$44,869,490$0$0$21,181,016
98$49,287,690$0$0$23,272,078
99$54,151,554$0$0$25,574,242
100$59,506,382$0$0$28,108,971