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%13.4%
1 years$72,504$71,859$71,228$70,613$70,013$69,024
2 years$35,893$35,225$34,577$33,949$33,340$32,345
3 years$23,691$23,020$22,374$21,751$21,152$20,183
4 years$17,591$16,922$16,282$15,671$15,086$14,149
5 years$13,932$13,267$12,636$12,037$11,468$10,567
6 years$11,494$10,834$10,212$9,626$9,074$8,210
7 years$9,753$9,098$8,486$7,914$7,380$6,553
8 years$8,447$7,799$7,197$6,639$6,122$5,332
9 years$7,433$6,790$6,198$5,655$5,156$4,402
10 years$6,622$5,985$5,404$4,874$4,393$3,675
11 years$5,958$5,328$4,758$4,242$3,778$3,096
12 years$5,406$4,782$4,222$3,721$3,274$2,626
13 years$4,939$4,322$3,772$3,285$2,855$2,240
14 years$4,539$3,928$3,389$2,916$2,503$1,921
15 years$4,193$3,589$3,060$2,601$2,204$1,653
16 years$3,890$3,293$2,775$2,329$1,948$1,428
17 years$3,623$3,032$2,525$2,092$1,727$1,236
18 years$3,386$2,802$2,305$1,886$1,535$1,073
19 years$3,174$2,597$2,110$1,704$1,369$934
20 years$2,984$2,413$1,936$1,543$1,222$814
21 years$2,812$2,248$1,781$1,400$1,094$710
22 years$2,656$2,098$1,642$1,273$981$621
23 years$2,514$1,962$1,516$1,160$880$543
24 years$2,383$1,839$1,402$1,058$791$476
25 years$2,264$1,725$1,298$966$712$417
26 years$2,153$1,622$1,204$883$641$366
27 years$2,051$1,526$1,118$808$578$321
28 years$1,957$1,438$1,039$741$522$282
29 years$1,869$1,357$967$679$471$248
30 years$1,787$1,281$901$623$426$218
31 years$1,711$1,211$840$572$385$191
32 years$1,639$1,146$784$526$348$168
33 years$1,572$1,085$732$484$315$148
34 years$1,509$1,029$684$445$285$130
35 years$1,450$976$639$410$258$115
36 years$1,394$926$598$377$234$101
37 years$1,342$880$560$348$212$89
38 years$1,292$836$524$321$192$78
39 years$1,245$795$491$296$174$69
40 years$1,200$756$460$273$158$61
41 years$1,158$720$432$251$144$54
42 years$1,118$686$405$232$130$47
43 years$1,080$653$380$214$118$42
44 years$1,043$623$357$198$107$37
45 years$1,009$594$335$183$97$32
46 years$975$566$314$169$88$29
47 years$944$541$295$156$80$25
48 years$914$516$278$144$73$22
49 years$885$493$261$133$66$20
50 years$857$471$245$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $878,000, adding $2,108 every year, while hoping to spend $31,617 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: 54/25/21 Blend
49$878,000$878,000$878,000$878,000
50$969,730$923,196$909,587$1,016,426
51$1,035,003$934,793$906,418$1,060,285
52$1,105,873$945,898$902,083$1,104,509
53$1,182,879$956,454$896,510$1,151,974
54$1,266,612$966,400$889,623$1,202,999
55$1,357,723$975,670$881,342$1,257,938
56$1,456,928$984,194$871,584$1,317,179
57$1,565,014$991,900$860,261$1,381,154
58$1,682,849$998,706$847,283$1,450,339
59$1,811,386$1,004,529$832,554$1,525,257
60$1,951,676$1,009,279$815,973$1,606,488
61$2,104,874$1,012,861$797,435$1,694,674
62$2,272,254$1,015,174$776,832$1,790,521
63$2,455,216$1,016,110$754,048$1,894,809
64$2,655,303$1,015,554$728,963$2,008,401
65$2,874,213$1,013,385$701,453$2,132,248
66$3,113,815$1,009,474$671,384$2,267,401
67$3,376,170$1,003,684$638,621$2,415,019
68$3,663,544$995,869$603,020$2,576,384
69$3,978,436$985,877$564,431$2,752,907
70$4,323,594$973,542$522,697$2,946,149
71$4,702,048$958,694$477,655$3,157,832
72$5,117,134$941,147$429,134$3,389,855
73$5,572,527$920,708$376,955$3,644,317
74$6,072,273$897,171$320,931$3,923,530
75$6,620,831$870,318$260,868$4,230,048
76$7,223,110$839,918$196,562$4,566,690
77$7,884,522$805,729$127,801$4,936,564
78$8,611,024$767,490$54,363$5,343,101
79$9,409,181$724,930$0$5,790,085
80$10,286,225$677,759$0$6,287,071
81$11,250,122$625,671$0$6,846,636
82$12,309,650$568,345$0$7,461,722
83$13,474,479$505,438$0$8,137,996
84$14,755,261$436,590$0$8,881,700
85$16,163,734$361,419$0$9,699,720
86$17,712,830$279,524$0$10,599,645
87$19,416,796$190,477$0$11,589,841
88$21,291,329$93,832$0$12,679,532
89$23,353,727$0$0$13,878,884
90$25,623,047$0$0$15,202,103
91$28,120,284$0$0$16,686,721
92$30,868,576$0$0$18,320,691
93$33,893,415$0$0$20,119,182
94$37,222,889$0$0$22,098,907
95$40,887,948$0$0$24,278,282
96$44,922,695$0$0$26,677,600
97$49,364,708$0$0$29,319,221
98$54,255,394$0$0$32,227,783
99$59,640,376$0$0$35,430,435
100$65,569,932$0$0$38,957,093