Can I retire at age 50 with 878,000?

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 $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%13.8%
1 years$72,504$71,859$71,228$70,613$70,013$68,910
2 years$35,893$35,225$34,577$33,949$33,340$32,231
3 years$23,691$23,020$22,374$21,751$21,152$20,073
4 years$17,591$16,922$16,282$15,671$15,086$14,044
5 years$13,932$13,267$12,636$12,037$11,468$10,466
6 years$11,494$10,834$10,212$9,626$9,074$8,114
7 years$9,753$9,098$8,486$7,914$7,380$6,462
8 years$8,447$7,799$7,197$6,639$6,122$5,246
9 years$7,433$6,790$6,198$5,655$5,156$4,321
10 years$6,622$5,985$5,404$4,874$4,393$3,598
11 years$5,958$5,328$4,758$4,242$3,778$3,023
12 years$5,406$4,782$4,222$3,721$3,274$2,558
13 years$4,939$4,322$3,772$3,285$2,855$2,177
14 years$4,539$3,928$3,389$2,916$2,503$1,861
15 years$4,193$3,589$3,060$2,601$2,204$1,598
16 years$3,890$3,293$2,775$2,329$1,948$1,376
17 years$3,623$3,032$2,525$2,092$1,727$1,188
18 years$3,386$2,802$2,305$1,886$1,535$1,028
19 years$3,174$2,597$2,110$1,704$1,369$892
20 years$2,984$2,413$1,936$1,543$1,222$775
21 years$2,812$2,248$1,781$1,400$1,094$674
22 years$2,656$2,098$1,642$1,273$981$588
23 years$2,514$1,962$1,516$1,160$880$512
24 years$2,383$1,839$1,402$1,058$791$447
25 years$2,264$1,725$1,298$966$712$391
26 years$2,153$1,622$1,204$883$641$342
27 years$2,051$1,526$1,118$808$578$299
28 years$1,957$1,438$1,039$741$522$262
29 years$1,869$1,357$967$679$471$229
30 years$1,787$1,281$901$623$426$201
31 years$1,711$1,211$840$572$385$176
32 years$1,639$1,146$784$526$348$154
33 years$1,572$1,085$732$484$315$135
34 years$1,509$1,029$684$445$285$119
35 years$1,450$976$639$410$258$104
36 years$1,394$926$598$377$234$91
37 years$1,342$880$560$348$212$80
38 years$1,292$836$524$321$192$70
39 years$1,245$795$491$296$174$62
40 years$1,200$756$460$273$158$54
41 years$1,158$720$432$251$144$48
42 years$1,118$686$405$232$130$42
43 years$1,080$653$380$214$118$37
44 years$1,043$623$357$198$107$32
45 years$1,009$594$335$183$97$28
46 years$975$566$314$169$88$25
47 years$944$541$295$156$80$22
48 years$914$516$278$144$73$19
49 years$885$493$261$133$66$17
50 years$857$471$245$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $878,000, adding $3,330 every year, while hoping to spend $37,073 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: 57/36/7 Blend
49$878,000$878,000$878,000$878,000
50$970,991$924,457$910,848$1,024,657
51$1,030,587$930,310$901,916$1,067,006
52$1,095,018$935,207$891,442$1,108,667
53$1,164,741$939,063$879,336$1,153,142
54$1,240,253$941,785$865,502$1,200,705
55$1,322,103$943,277$849,841$1,251,656
56$1,410,896$943,436$832,249$1,306,327
57$1,507,294$942,151$812,616$1,365,087
58$1,612,029$939,307$790,829$1,428,341
59$1,725,902$934,780$766,769$1,496,540
60$1,849,798$928,438$740,310$1,570,180
61$1,984,690$920,144$711,322$1,649,809
62$2,131,645$909,748$679,668$1,736,034
63$2,291,843$897,095$645,207$1,829,526
64$2,466,577$882,020$607,788$1,931,024
65$2,657,275$864,346$567,256$2,041,348
66$2,865,507$843,888$523,448$2,161,401
67$3,092,999$820,449$476,194$2,292,183
68$3,341,655$793,821$425,317$2,434,796
69$3,613,568$763,782$370,629$2,590,460
70$3,911,045$730,101$311,939$2,760,522
71$4,236,625$692,529$249,042$2,946,467
72$4,593,103$650,806$181,727$3,149,940
73$4,983,560$604,655$109,775$3,372,754
74$5,411,384$553,784$32,954$3,616,911
75$5,880,311$497,886$0$3,884,624
76$6,394,453$436,632$0$4,181,996
77$6,958,339$369,679$0$4,510,927
78$7,576,959$296,663$0$4,871,949
79$8,255,807$217,198$0$5,268,368
80$9,000,937$130,878$0$5,703,834
81$9,819,016$37,274$0$6,182,371
82$10,717,388$0$0$6,708,422
83$11,704,144$0$0$7,312,269
84$12,788,198$0$0$7,991,960
85$13,979,367$0$0$8,738,895
86$15,288,468$0$0$9,559,868
87$16,727,419$0$0$10,462,362
88$18,309,349$0$0$11,454,624
89$20,048,720$0$0$12,545,737
90$21,961,470$0$0$13,745,711
91$24,065,155$0$0$15,065,571
92$26,379,120$0$0$16,517,467
93$28,924,678$0$0$18,114,786
94$31,725,312$0$0$19,872,276
95$34,806,896$0$0$21,806,189
96$38,197,938$0$0$23,934,429
97$41,929,849$0$0$26,276,726
98$46,037,240$0$0$28,854,819
99$50,558,247$0$0$31,692,660
100$55,534,891$0$0$34,816,641