Can I retire at age 50 with 879,000?

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 $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%17.3%
1 years$72,587$71,940$71,310$70,694$70,093$68,012
2 years$35,934$35,265$34,616$33,987$33,377$31,299
3 years$23,718$23,046$22,399$21,776$21,176$19,164
4 years$17,611$16,941$16,301$15,688$15,103$13,173
5 years$13,948$13,282$12,650$12,050$11,481$9,639
6 years$11,507$10,846$10,223$9,637$9,085$7,331
7 years$9,764$9,108$8,495$7,923$7,388$5,724
8 years$8,457$7,808$7,205$6,646$6,129$4,553
9 years$7,441$6,798$6,206$5,661$5,162$3,672
10 years$6,629$5,992$5,410$4,880$4,398$2,993
11 years$5,965$5,334$4,763$4,247$3,782$2,459
12 years$5,412$4,788$4,227$3,725$3,278$2,034
13 years$4,945$4,327$3,777$3,289$2,858$1,691
14 years$4,544$3,933$3,393$2,919$2,506$1,411
15 years$4,197$3,593$3,064$2,604$2,206$1,182
16 years$3,894$3,296$2,778$2,331$1,950$993
17 years$3,627$3,036$2,528$2,095$1,729$836
18 years$3,390$2,805$2,307$1,888$1,537$706
19 years$3,178$2,600$2,112$1,706$1,370$596
20 years$2,987$2,416$1,939$1,545$1,224$505
21 years$2,815$2,250$1,783$1,402$1,095$427
22 years$2,659$2,101$1,643$1,275$982$362
23 years$2,516$1,965$1,517$1,161$881$308
24 years$2,386$1,841$1,403$1,059$792$261
25 years$2,266$1,727$1,300$967$713$222
26 years$2,156$1,624$1,205$884$642$189
27 years$2,054$1,528$1,119$809$579$160
28 years$1,959$1,440$1,041$742$522$137
29 years$1,871$1,358$968$680$472$116
30 years$1,789$1,283$902$624$426$99
31 years$1,713$1,213$841$573$385$84
32 years$1,641$1,147$785$527$348$72
33 years$1,574$1,087$733$484$315$61
34 years$1,511$1,030$684$446$286$52
35 years$1,452$977$640$410$259$44
36 years$1,396$927$599$378$234$38
37 years$1,343$881$560$348$212$32
38 years$1,294$837$525$321$193$27
39 years$1,246$796$492$296$175$23
40 years$1,202$757$461$273$158$20
41 years$1,159$721$432$252$144$17
42 years$1,119$686$405$232$130$14
43 years$1,081$654$380$214$118$12
44 years$1,044$623$357$198$107$11
45 years$1,010$594$335$183$97$9
46 years$977$567$315$169$89$8
47 years$945$541$296$156$80$7
48 years$915$517$278$144$73$6
49 years$886$493$261$133$66$5
50 years$858$471$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $879,000, adding $3,775 every year, while hoping to spend $26,007 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: 83/7/10 Blend
49$879,000$879,000$879,000$879,000
50$972,552$925,965$912,340$1,051,482
51$1,044,081$943,666$915,233$1,121,392
52$1,122,034$961,363$917,350$1,194,291
53$1,207,040$979,027$918,639$1,273,555
54$1,299,788$996,630$919,044$1,359,807
55$1,401,041$1,014,139$918,506$1,453,736
56$1,511,634$1,031,519$916,963$1,556,099
57$1,632,490$1,048,733$914,351$1,667,728
58$1,764,624$1,065,740$910,601$1,789,542
59$1,909,152$1,082,498$905,643$1,922,553
60$2,067,304$1,098,960$899,401$2,067,875
61$2,240,437$1,115,076$891,798$2,226,735
62$2,430,039$1,130,793$882,752$2,400,485
63$2,637,756$1,146,054$872,176$2,590,615
64$2,865,395$1,160,799$859,982$2,798,765
65$3,114,948$1,174,961$846,074$3,026,744
66$3,388,611$1,188,472$830,356$3,276,543
67$3,688,799$1,201,257$812,722$3,550,356
68$4,018,174$1,213,236$793,067$3,850,602
69$4,379,669$1,224,326$771,276$4,179,944
70$4,776,514$1,234,436$747,231$4,541,318
71$5,212,265$1,243,470$720,810$4,937,959
72$5,690,842$1,251,326$691,883$5,373,429
73$6,216,561$1,257,895$660,315$5,851,657
74$6,794,180$1,263,062$625,965$6,376,969
75$7,428,937$1,266,702$588,686$6,954,133
76$8,126,605$1,268,687$548,323$7,588,403
77$8,893,542$1,268,876$504,715$8,285,570
78$9,736,754$1,267,121$457,694$9,052,013
79$10,663,960$1,263,268$407,084$9,894,762
80$11,683,664$1,257,148$352,701$10,821,564
81$12,805,236$1,248,585$294,354$11,840,958
82$14,038,997$1,237,393$231,842$12,962,349
83$15,396,322$1,223,373$164,957$14,196,107
84$16,889,743$1,206,314$93,479$15,553,654
85$18,533,067$1,185,994$17,181$17,047,581
86$20,341,508$1,162,176$0$18,691,762
87$22,331,829$1,134,610$0$20,508,339
88$24,522,501$1,103,032$0$22,509,709
89$26,933,876$1,067,159$0$24,712,629
90$29,588,378$1,026,697$0$27,137,592
91$32,510,718$981,330$0$29,807,173
92$35,728,122$930,727$0$32,746,252
93$39,270,593$874,535$0$35,982,246
94$43,171,190$812,383$0$39,545,363
95$47,466,340$743,879$0$43,468,895
96$52,196,183$668,605$0$47,789,526
97$57,404,951$586,124$0$52,547,679
98$63,141,383$495,971$0$57,787,901
99$69,459,187$397,657$0$63,559,279
100$76,417,544$290,662$0$69,915,908