Can I retire at age 50 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$72,504$71,859$71,228$70,613$70,013$68,265
2 years$35,893$35,225$34,577$33,949$33,340$31,590
3 years$23,691$23,020$22,374$21,751$21,152$19,455
4 years$17,591$16,922$16,282$15,671$15,086$13,454
5 years$13,932$13,267$12,636$12,037$11,468$9,907
6 years$11,494$10,834$10,212$9,626$9,074$7,585
7 years$9,753$9,098$8,486$7,914$7,380$5,962
8 years$8,447$7,799$7,197$6,639$6,122$4,776
9 years$7,433$6,790$6,198$5,655$5,156$3,880
10 years$6,622$5,985$5,404$4,874$4,393$3,186
11 years$5,958$5,328$4,758$4,242$3,778$2,638
12 years$5,406$4,782$4,222$3,721$3,274$2,199
13 years$4,939$4,322$3,772$3,285$2,855$1,843
14 years$4,539$3,928$3,389$2,916$2,503$1,551
15 years$4,193$3,589$3,060$2,601$2,204$1,311
16 years$3,890$3,293$2,775$2,329$1,948$1,110
17 years$3,623$3,032$2,525$2,092$1,727$943
18 years$3,386$2,802$2,305$1,886$1,535$803
19 years$3,174$2,597$2,110$1,704$1,369$685
20 years$2,984$2,413$1,936$1,543$1,222$585
21 years$2,812$2,248$1,781$1,400$1,094$500
22 years$2,656$2,098$1,642$1,273$981$428
23 years$2,514$1,962$1,516$1,160$880$367
24 years$2,383$1,839$1,402$1,058$791$314
25 years$2,264$1,725$1,298$966$712$270
26 years$2,153$1,622$1,204$883$641$231
27 years$2,051$1,526$1,118$808$578$199
28 years$1,957$1,438$1,039$741$522$171
29 years$1,869$1,357$967$679$471$147
30 years$1,787$1,281$901$623$426$126
31 years$1,711$1,211$840$572$385$109
32 years$1,639$1,146$784$526$348$93
33 years$1,572$1,085$732$484$315$80
34 years$1,509$1,029$684$445$285$69
35 years$1,450$976$639$410$258$59
36 years$1,394$926$598$377$234$51
37 years$1,342$880$560$348$212$44
38 years$1,292$836$524$321$192$38
39 years$1,245$795$491$296$174$33
40 years$1,200$756$460$273$158$28
41 years$1,158$720$432$251$144$24
42 years$1,118$686$405$232$130$21
43 years$1,080$653$380$214$118$18
44 years$1,043$623$357$198$107$15
45 years$1,009$594$335$183$97$13
46 years$975$566$314$169$88$11
47 years$944$541$295$156$80$10
48 years$914$516$278$144$73$8
49 years$885$493$261$133$66$7
50 years$857$471$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $878,000, adding $4,757 every year, while hoping to spend $42,108 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: 69/19/12 Blend
49$878,000$878,000$878,000$878,000
50$972,463$925,929$912,320$1,036,723
51$1,026,851$926,497$898,080$1,080,588
52$1,085,376$925,681$881,952$1,123,044
53$1,148,415$923,370$863,828$1,168,391
54$1,216,382$919,444$843,595$1,216,906
55$1,289,733$913,777$821,135$1,268,895
56$1,368,968$906,234$796,325$1,324,697
57$1,454,637$896,674$769,036$1,384,687
58$1,547,345$884,945$739,133$1,449,275
59$1,647,755$870,888$706,475$1,518,920
60$1,756,598$854,334$670,914$1,594,124
61$1,874,677$835,102$632,296$1,675,443
62$2,002,876$813,004$590,460$1,763,491
63$2,142,166$787,839$545,237$1,858,946
64$2,293,617$759,392$496,452$1,962,558
65$2,458,403$727,439$443,921$2,075,151
66$2,637,819$691,743$387,451$2,197,639
67$2,833,288$652,049$326,842$2,331,030
68$3,046,376$608,093$261,884$2,476,436
69$3,278,809$559,592$192,359$2,635,084
70$3,532,483$506,248$118,039$2,808,330
71$3,809,488$447,746$38,685$2,997,670
72$4,112,124$383,753$0$3,204,757
73$4,442,921$313,918$0$3,437,302
74$4,804,668$237,868$0$3,697,097
75$5,200,432$155,212$0$3,981,438
76$5,633,594$65,535$0$4,292,812
77$6,107,874$0$0$4,633,962
78$6,627,369$0$0$5,014,517
79$7,196,593$0$0$5,446,561
80$7,820,514$0$0$5,920,173
81$8,504,606$0$0$6,439,511
82$9,254,897$0$0$7,009,160
83$10,078,026$0$0$7,634,167
84$10,981,308$0$0$8,320,092
85$11,972,796$0$0$9,073,059
86$13,061,366$0$0$9,899,814
87$14,256,791$0$0$10,807,790
88$15,569,839$0$0$11,805,173
89$17,012,371$0$0$12,900,980
90$18,597,456$0$0$14,105,148
91$20,339,489$0$0$15,428,622
92$22,254,330$0$0$16,883,459
93$24,359,451$0$0$18,482,945
94$26,674,103$0$0$20,241,716
95$29,219,494$0$0$22,175,897
96$32,018,991$0$0$24,303,255
97$35,098,338$0$0$26,643,364
98$38,485,902$0$0$29,217,791
99$42,212,933$0$0$32,050,299
100$46,313,869$0$0$35,167,069