Can I retire at age 50 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,339$71,695$71,066$70,453$69,853$68,248
2 years$35,812$35,145$34,498$33,871$33,264$31,655
3 years$23,637$22,967$22,323$21,702$21,104$19,542
4 years$17,551$16,883$16,245$15,635$15,051$13,549
5 years$13,901$13,237$12,607$12,009$11,442$10,003
6 years$11,468$10,809$10,188$9,604$9,054$7,679
7 years$9,730$9,077$8,466$7,896$7,363$6,054
8 years$8,428$7,781$7,180$6,624$6,108$4,864
9 years$7,416$6,775$6,184$5,642$5,144$3,963
10 years$6,606$5,972$5,392$4,863$4,383$3,264
11 years$5,945$5,316$4,747$4,233$3,770$2,712
12 years$5,394$4,771$4,213$3,713$3,267$2,268
13 years$4,928$4,312$3,764$3,278$2,849$1,907
14 years$4,529$3,919$3,382$2,909$2,497$1,611
15 years$4,183$3,581$3,053$2,595$2,199$1,365
16 years$3,881$3,285$2,768$2,323$1,943$1,161
17 years$3,615$3,025$2,519$2,087$1,723$990
18 years$3,378$2,796$2,299$1,881$1,532$846
19 years$3,167$2,591$2,105$1,700$1,365$724
20 years$2,977$2,408$1,932$1,540$1,220$620
21 years$2,806$2,243$1,777$1,397$1,091$532
22 years$2,650$2,093$1,638$1,270$978$458
23 years$2,508$1,958$1,512$1,157$878$394
24 years$2,378$1,834$1,399$1,055$789$339
25 years$2,258$1,722$1,295$964$710$292
26 years$2,148$1,618$1,201$881$640$251
27 years$2,047$1,523$1,116$807$577$217
28 years$1,952$1,435$1,037$739$520$187
29 years$1,865$1,354$965$678$470$161
30 years$1,783$1,278$899$622$425$139
31 years$1,707$1,208$838$571$384$120
32 years$1,636$1,143$782$525$347$104
33 years$1,569$1,083$730$483$314$90
34 years$1,506$1,026$682$444$285$78
35 years$1,447$973$638$409$258$67
36 years$1,391$924$597$377$234$58
37 years$1,339$878$558$347$212$50
38 years$1,289$834$523$320$192$43
39 years$1,242$793$490$295$174$37
40 years$1,198$754$459$272$158$32
41 years$1,155$718$431$251$143$28
42 years$1,115$684$404$232$130$24
43 years$1,077$652$379$214$118$21
44 years$1,041$621$356$197$107$18
45 years$1,006$592$334$182$97$16
46 years$973$565$314$168$88$14
47 years$942$539$295$156$80$12
48 years$912$515$277$144$73$10
49 years$883$492$260$133$66$9
50 years$855$470$245$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $876,000, adding $3,488 every year, while hoping to spend $41,587 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: 49/31/20 Blend
49$876,000$876,000$876,000$876,000
50$968,950$922,522$908,944$1,010,829
51$1,023,535$923,477$895,145$1,041,200
52$1,082,293$923,086$879,491$1,069,666
53$1,145,607$921,237$861,874$1,099,715
54$1,213,896$917,815$842,184$1,131,513
55$1,287,621$912,695$820,304$1,165,246
56$1,367,288$905,747$796,114$1,201,118
57$1,453,453$896,830$769,486$1,239,359
58$1,546,729$885,798$740,287$1,280,224
59$1,647,786$872,493$708,377$1,323,995
60$1,757,365$856,750$673,613$1,370,989
61$1,876,279$838,394$635,841$1,421,555
62$2,005,421$817,237$594,904$1,476,084
63$2,145,775$793,082$550,634$1,535,008
64$2,298,423$765,722$502,860$1,598,808
65$2,464,555$734,936$451,398$1,668,018
66$2,645,481$700,489$396,061$1,743,229
67$2,842,642$662,135$336,651$1,825,099
68$3,057,624$619,612$272,962$1,914,357
69$3,292,173$572,644$204,777$2,011,811
70$3,548,210$520,939$131,872$2,118,357
71$3,827,850$464,187$54,012$2,234,989
72$4,133,421$402,063$0$2,362,807
73$4,467,488$334,222$0$2,509,236
74$4,832,871$260,298$0$2,682,125
75$5,232,680$179,908$0$2,871,488
76$5,670,334$92,645$0$3,079,040
77$6,149,603$0$0$3,306,676
78$6,674,636$0$0$3,557,143
79$7,250,002$0$0$3,866,348
80$7,880,733$0$0$4,205,402
81$8,572,373$0$0$4,577,298
82$9,331,026$0$0$4,985,330
83$10,163,416$0$0$5,433,127
84$11,076,950$0$0$5,924,687
85$12,079,785$0$0$6,464,414
86$13,180,909$0$0$7,057,158
87$14,390,220$0$0$7,708,263
88$15,718,624$0$0$8,423,617
89$17,178,134$0$0$9,209,703
90$18,781,985$0$0$10,073,667
91$20,544,757$0$0$11,023,379
92$22,482,512$0$0$12,067,511
93$24,612,948$0$0$13,215,617
94$26,955,560$0$0$14,478,222
95$29,531,829$0$0$15,866,923
96$32,365,422$0$0$17,394,496
97$35,482,414$0$0$19,075,021
98$38,911,534$0$0$20,924,007
99$42,684,437$0$0$22,958,545
100$46,836,000$0$0$25,197,464