Can I retire at age 50 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$72,670$72,022$71,391$70,774$70,172$67,388
2 years$35,975$35,305$34,656$34,026$33,415$30,645
3 years$23,745$23,072$22,425$21,801$21,200$18,531
4 years$17,631$16,961$16,319$15,706$15,120$12,572
5 years$13,964$13,297$12,664$12,064$11,494$9,073
6 years$11,520$10,858$10,235$9,648$9,095$6,803
7 years$9,775$9,119$8,505$7,932$7,397$5,234
8 years$8,467$7,816$7,213$6,654$6,136$4,099
9 years$7,450$6,806$6,213$5,668$5,168$3,254
10 years$6,637$5,999$5,416$4,886$4,403$2,609
11 years$5,972$5,340$4,768$4,252$3,787$2,108
12 years$5,418$4,793$4,232$3,729$3,281$1,713
13 years$4,950$4,332$3,781$3,293$2,862$1,399
14 years$4,549$3,937$3,397$2,923$2,508$1,147
15 years$4,202$3,597$3,067$2,607$2,209$943
16 years$3,899$3,300$2,781$2,334$1,952$778
17 years$3,631$3,039$2,530$2,097$1,731$642
18 years$3,394$2,808$2,310$1,890$1,539$532
19 years$3,182$2,603$2,115$1,708$1,372$440
20 years$2,991$2,419$1,941$1,547$1,225$365
21 years$2,818$2,253$1,785$1,404$1,096$303
22 years$2,662$2,103$1,645$1,276$983$252
23 years$2,519$1,967$1,519$1,162$882$210
24 years$2,389$1,843$1,405$1,060$793$174
25 years$2,269$1,729$1,301$968$714$145
26 years$2,158$1,625$1,207$885$643$121
27 years$2,056$1,530$1,121$810$579$101
28 years$1,961$1,441$1,042$742$523$84
29 years$1,873$1,360$969$681$472$70
30 years$1,791$1,284$903$625$427$58
31 years$1,715$1,214$842$574$386$48
32 years$1,643$1,149$785$527$349$40
33 years$1,576$1,088$733$485$316$34
34 years$1,513$1,031$685$446$286$28
35 years$1,454$978$641$411$259$23
36 years$1,398$928$599$378$235$20
37 years$1,345$882$561$349$213$16
38 years$1,295$838$525$321$193$14
39 years$1,248$797$492$296$175$11
40 years$1,203$758$461$273$159$9
41 years$1,161$721$433$252$144$8
42 years$1,120$687$406$233$131$7
43 years$1,082$655$381$215$118$5
44 years$1,046$624$357$198$108$5
45 years$1,011$595$336$183$98$4
46 years$978$568$315$169$89$3
47 years$946$542$296$156$80$3
48 years$916$517$278$144$73$2
49 years$887$494$262$133$66$2
50 years$859$472$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $880,000, adding $4,979 every year, while hoping to spend $55,699 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$880,000$880,000$880,000$880,000
50$974,896$928,256$914,616$1,053,916
51$1,015,072$914,477$885,992$1,092,582
52$1,057,479$898,156$854,543$1,127,092
53$1,102,286$879,110$820,114$1,163,295
54$1,149,678$857,145$782,546$1,201,328
55$1,199,854$832,054$741,671$1,241,343
56$1,253,035$803,621$697,313$1,283,506
57$1,309,460$771,614$649,288$1,328,002
58$1,369,393$735,790$597,407$1,375,033
59$1,433,119$695,892$541,468$1,424,821
60$1,500,952$651,646$481,263$1,477,614
61$1,573,237$602,764$416,572$1,533,680
62$1,650,349$548,942$347,170$1,593,319
63$1,732,701$489,856$272,816$1,656,860
64$1,820,744$425,167$193,263$1,724,665
65$1,914,974$354,514$108,251$1,797,135
66$2,015,933$277,517$17,510$1,874,710
67$2,124,218$193,775$0$1,957,877
68$2,240,481$102,863$0$2,055,636
69$2,365,441$4,334$0$2,162,659
70$2,499,884$0$0$2,277,761
71$2,644,675$0$0$2,409,574
72$2,800,763$0$0$2,552,046
73$2,969,192$0$0$2,705,795
74$3,151,108$0$0$2,871,871
75$3,347,768$0$0$3,051,424
76$3,560,559$0$0$3,245,719
77$3,791,001$0$0$3,456,149
78$4,040,767$0$0$3,684,243
79$4,311,696$0$0$3,931,683
80$4,605,811$0$0$4,200,319
81$4,925,337$0$0$4,492,185
82$5,272,721$0$0$4,809,520
83$5,650,656$0$0$5,154,785
84$6,062,104$0$0$5,530,690
85$6,510,325$0$0$5,940,216
86$6,998,906$0$0$6,386,644
87$7,531,794$0$0$6,873,584
88$8,113,336$0$0$7,405,011
89$8,748,314$0$0$7,985,298
90$9,441,993$0$0$8,619,261
91$10,200,170$0$0$9,312,201
92$11,029,227$0$0$10,069,955
93$11,936,189$0$0$10,898,949
94$12,928,794$0$0$11,806,259
95$14,015,561$0$0$12,799,677
96$15,205,871$0$0$13,887,782
97$16,510,056$0$0$15,080,024
98$17,939,492$0$0$16,386,809
99$19,506,712$0$0$17,819,598
100$21,225,515$0$0$19,391,013