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%17.9%
1 years$72,587$71,940$71,310$70,694$70,093$67,849
2 years$35,934$35,265$34,616$33,987$33,377$31,138
3 years$23,718$23,046$22,399$21,776$21,176$19,010
4 years$17,611$16,941$16,301$15,688$15,103$13,028
5 years$13,948$13,282$12,650$12,050$11,481$9,503
6 years$11,507$10,846$10,223$9,637$9,085$7,204
7 years$9,764$9,108$8,495$7,923$7,388$5,605
8 years$8,457$7,808$7,205$6,646$6,129$4,443
9 years$7,441$6,798$6,206$5,661$5,162$3,570
10 years$6,629$5,992$5,410$4,880$4,398$2,899
11 years$5,965$5,334$4,763$4,247$3,782$2,373
12 years$5,412$4,788$4,227$3,725$3,278$1,955
13 years$4,945$4,327$3,777$3,289$2,858$1,618
14 years$4,544$3,933$3,393$2,919$2,506$1,345
15 years$4,197$3,593$3,064$2,604$2,206$1,122
16 years$3,894$3,296$2,778$2,331$1,950$939
17 years$3,627$3,036$2,528$2,095$1,729$787
18 years$3,390$2,805$2,307$1,888$1,537$661
19 years$3,178$2,600$2,112$1,706$1,370$556
20 years$2,987$2,416$1,939$1,545$1,224$468
21 years$2,815$2,250$1,783$1,402$1,095$395
22 years$2,659$2,101$1,643$1,275$982$333
23 years$2,516$1,965$1,517$1,161$881$282
24 years$2,386$1,841$1,403$1,059$792$238
25 years$2,266$1,727$1,300$967$713$201
26 years$2,156$1,624$1,205$884$642$170
27 years$2,054$1,528$1,119$809$579$144
28 years$1,959$1,440$1,041$742$522$122
29 years$1,871$1,358$968$680$472$103
30 years$1,789$1,283$902$624$426$88
31 years$1,713$1,213$841$573$385$74
32 years$1,641$1,147$785$527$348$63
33 years$1,574$1,087$733$484$315$53
34 years$1,511$1,030$684$446$286$45
35 years$1,452$977$640$410$259$38
36 years$1,396$927$599$378$234$32
37 years$1,343$881$560$348$212$28
38 years$1,294$837$525$321$193$23
39 years$1,246$796$492$296$175$20
40 years$1,202$757$461$273$158$17
41 years$1,159$721$432$252$144$14
42 years$1,119$686$405$232$130$12
43 years$1,081$654$380$214$118$10
44 years$1,044$623$357$198$107$9
45 years$1,010$594$335$183$97$7
46 years$977$567$315$169$89$6
47 years$945$541$296$156$80$5
48 years$915$517$278$144$73$4
49 years$886$493$261$133$66$4
50 years$858$471$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $879,000, adding $2,929 every year, while hoping to spend $32,133 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: 69/15/16 Blend
49$879,000$879,000$879,000$879,000
50$971,679$925,092$911,468$1,034,878
51$1,036,601$936,233$907,813$1,088,484
52$1,107,068$946,842$902,958$1,143,022
53$1,183,612$956,860$896,830$1,201,879
54$1,266,818$966,223$889,351$1,265,479
55$1,357,328$974,863$880,439$1,334,285
56$1,455,851$982,707$870,010$1,408,811
57$1,563,167$989,678$857,973$1,489,623
58$1,680,131$995,693$844,236$1,577,342
59$1,807,687$1,000,665$828,701$1,672,658
60$1,946,873$1,004,500$811,265$1,776,328
61$2,098,833$1,007,100$791,822$1,889,188
62$2,264,825$1,008,358$770,258$2,012,158
63$2,446,233$1,008,163$746,457$2,146,257
64$2,644,581$1,006,396$720,297$2,292,603
65$2,861,550$1,002,931$691,648$2,452,433
66$3,098,987$997,633$660,377$2,627,109
67$3,358,927$990,361$626,343$2,818,132
68$3,643,613$980,964$589,401$3,027,161
69$3,955,511$969,281$549,396$3,256,021
70$4,297,342$955,144$506,169$3,506,726
71$4,672,097$938,373$459,552$3,781,496
72$5,083,075$918,777$409,372$4,082,781
73$5,533,908$896,156$355,444$4,413,279
74$6,028,594$870,295$297,579$4,775,968
75$6,571,541$840,970$235,578$5,174,130
76$7,167,601$807,940$169,233$5,611,383
77$7,822,121$770,954$98,327$6,091,716
78$8,540,989$729,743$22,633$6,619,528
79$9,330,695$684,025$0$7,199,670
80$10,198,383$633,500$0$7,847,414
81$11,151,929$577,852$0$8,563,497
82$12,200,005$516,746$0$9,350,593
83$13,352,169$449,830$0$10,215,915
84$14,618,948$376,729$0$11,167,406
85$16,011,941$297,049$0$12,213,826
86$17,543,928$210,374$0$13,364,826
87$19,228,989$116,262$0$14,631,042
88$21,082,637$14,250$0$16,024,197
89$23,121,964$0$0$17,557,209
90$25,365,803$0$0$19,260,189
91$27,834,904$0$0$21,136,779
92$30,552,129$0$0$23,202,010
93$33,542,671$0$0$25,475,037
94$36,834,285$0$0$27,976,966
95$40,457,558$0$0$30,731,051
96$44,446,188$0$0$33,762,916
97$48,837,311$0$0$37,100,796
98$53,671,843$0$0$40,775,802
99$58,994,871$0$0$44,822,218
100$64,856,076$0$0$49,277,817