Can I retire at age 50 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$72,587$71,940$71,310$70,694$70,093$69,131
2 years$35,934$35,265$34,616$33,987$33,377$32,410
3 years$23,718$23,046$22,399$21,776$21,176$20,233
4 years$17,611$16,941$16,301$15,688$15,103$14,192
5 years$13,948$13,282$12,650$12,050$11,481$10,605
6 years$11,507$10,846$10,223$9,637$9,085$8,244
7 years$9,764$9,108$8,495$7,923$7,388$6,583
8 years$8,457$7,808$7,205$6,646$6,129$5,360
9 years$7,441$6,798$6,206$5,661$5,162$4,428
10 years$6,629$5,992$5,410$4,880$4,398$3,699
11 years$5,965$5,334$4,763$4,247$3,782$3,117
12 years$5,412$4,788$4,227$3,725$3,278$2,646
13 years$4,945$4,327$3,777$3,289$2,858$2,259
14 years$4,544$3,933$3,393$2,919$2,506$1,938
15 years$4,197$3,593$3,064$2,604$2,206$1,669
16 years$3,894$3,296$2,778$2,331$1,950$1,443
17 years$3,627$3,036$2,528$2,095$1,729$1,250
18 years$3,390$2,805$2,307$1,888$1,537$1,086
19 years$3,178$2,600$2,112$1,706$1,370$946
20 years$2,987$2,416$1,939$1,545$1,224$825
21 years$2,815$2,250$1,783$1,402$1,095$720
22 years$2,659$2,101$1,643$1,275$982$630
23 years$2,516$1,965$1,517$1,161$881$551
24 years$2,386$1,841$1,403$1,059$792$483
25 years$2,266$1,727$1,300$967$713$424
26 years$2,156$1,624$1,205$884$642$372
27 years$2,054$1,528$1,119$809$579$327
28 years$1,959$1,440$1,041$742$522$287
29 years$1,871$1,358$968$680$472$253
30 years$1,789$1,283$902$624$426$222
31 years$1,713$1,213$841$573$385$196
32 years$1,641$1,147$785$527$348$172
33 years$1,574$1,087$733$484$315$152
34 years$1,511$1,030$684$446$286$134
35 years$1,452$977$640$410$259$118
36 years$1,396$927$599$378$234$104
37 years$1,343$881$560$348$212$91
38 years$1,294$837$525$321$193$81
39 years$1,246$796$492$296$175$71
40 years$1,202$757$461$273$158$63
41 years$1,159$721$432$252$144$55
42 years$1,119$686$405$232$130$49
43 years$1,081$654$380$214$118$43
44 years$1,044$623$357$198$107$38
45 years$1,010$594$335$183$97$33
46 years$977$567$315$169$89$30
47 years$945$541$296$156$80$26
48 years$915$517$278$144$73$23
49 years$886$493$261$133$66$20
50 years$858$471$246$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $879,000, adding $3,846 every year, while hoping to spend $41,825 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: 45/46/9 Blend
49$879,000$879,000$879,000$879,000
50$972,625$926,038$912,414$1,013,760
51$1,027,331$926,913$898,478$1,043,478
52$1,086,216$926,428$882,674$1,071,075
53$1,149,661$924,474$864,894$1,100,044
54$1,218,085$920,932$845,027$1,130,525
55$1,291,951$915,679$822,957$1,162,677
56$1,371,764$908,581$798,559$1,196,675
57$1,458,081$899,498$771,708$1,232,717
58$1,551,513$888,282$742,269$1,271,020
59$1,652,734$874,775$710,101$1,311,830
60$1,762,483$858,809$675,060$1,355,419
61$1,881,574$840,207$636,992$1,402,092
62$2,010,900$818,783$595,736$1,452,186
63$2,151,445$794,337$551,127$1,506,078
64$2,304,293$766,660$502,990$1,564,187
65$2,470,633$735,528$451,142$1,626,980
66$2,651,775$700,707$395,394$1,694,976
67$2,849,162$661,948$335,545$1,768,750
68$3,064,380$618,987$271,389$1,848,943
69$3,299,176$571,545$202,710$1,936,267
70$3,555,470$519,330$129,279$2,031,512
71$3,835,380$462,029$50,862$2,135,556
72$4,141,234$399,313$0$2,249,372
73$4,475,596$330,836$0$2,377,191
74$4,841,290$256,230$0$2,522,479
75$5,241,424$175,108$0$2,681,699
76$5,679,421$87,059$0$2,856,351
77$6,159,049$0$0$3,048,096
78$6,684,460$0$0$3,262,996
79$7,260,225$0$0$3,546,885
80$7,891,377$0$0$3,858,190
81$8,583,460$0$0$4,199,657
82$9,342,582$0$0$4,574,313
83$10,175,467$0$0$4,985,493
84$11,089,526$0$0$5,436,868
85$12,092,917$0$0$5,932,484
86$13,194,630$0$0$6,476,795
87$14,404,568$0$0$7,074,710
88$15,733,637$0$0$7,731,638
89$17,193,856$0$0$8,453,534
90$18,798,462$0$0$9,246,962
91$20,562,039$0$0$10,119,151
92$22,500,653$0$0$11,078,067
93$24,632,007$0$0$12,132,485
94$26,975,603$0$0$13,292,074
95$29,552,925$0$0$14,567,487
96$32,387,647$0$0$15,970,460
97$35,505,852$0$0$17,513,924
98$38,936,275$0$0$19,212,128
99$42,710,579$0$0$21,080,770
100$46,863,651$0$0$23,137,147