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%17.2%
1 years$72,670$72,022$71,391$70,774$70,172$68,117
2 years$35,975$35,305$34,656$34,026$33,415$31,362
3 years$23,745$23,072$22,425$21,801$21,200$19,212
4 years$17,631$16,961$16,319$15,706$15,120$13,213
5 years$13,964$13,297$12,664$12,064$11,494$9,673
6 years$11,520$10,858$10,235$9,648$9,095$7,361
7 years$9,775$9,119$8,505$7,932$7,397$5,751
8 years$8,467$7,816$7,213$6,654$6,136$4,577
9 years$7,450$6,806$6,213$5,668$5,168$3,694
10 years$6,637$5,999$5,416$4,886$4,403$3,012
11 years$5,972$5,340$4,768$4,252$3,787$2,477
12 years$5,418$4,793$4,232$3,729$3,281$2,050
13 years$4,950$4,332$3,781$3,293$2,862$1,705
14 years$4,549$3,937$3,397$2,923$2,508$1,424
15 years$4,202$3,597$3,067$2,607$2,209$1,194
16 years$3,899$3,300$2,781$2,334$1,952$1,004
17 years$3,631$3,039$2,530$2,097$1,731$846
18 years$3,394$2,808$2,310$1,890$1,539$714
19 years$3,182$2,603$2,115$1,708$1,372$604
20 years$2,991$2,419$1,941$1,547$1,225$511
21 years$2,818$2,253$1,785$1,404$1,096$434
22 years$2,662$2,103$1,645$1,276$983$368
23 years$2,519$1,967$1,519$1,162$882$313
24 years$2,389$1,843$1,405$1,060$793$266
25 years$2,269$1,729$1,301$968$714$226
26 years$2,158$1,625$1,207$885$643$192
27 years$2,056$1,530$1,121$810$579$164
28 years$1,961$1,441$1,042$742$523$139
29 years$1,873$1,360$969$681$472$119
30 years$1,791$1,284$903$625$427$101
31 years$1,715$1,214$842$574$386$86
32 years$1,643$1,149$785$527$349$73
33 years$1,576$1,088$733$485$316$63
34 years$1,513$1,031$685$446$286$53
35 years$1,454$978$641$411$259$45
36 years$1,398$928$599$378$235$39
37 years$1,345$882$561$349$213$33
38 years$1,295$838$525$321$193$28
39 years$1,248$797$492$296$175$24
40 years$1,203$758$461$273$159$21
41 years$1,161$721$433$252$144$18
42 years$1,120$687$406$233$131$15
43 years$1,082$655$381$215$118$13
44 years$1,046$624$357$198$108$11
45 years$1,011$595$336$183$98$9
46 years$978$568$315$169$89$8
47 years$946$542$296$156$80$7
48 years$916$517$278$144$73$6
49 years$887$494$262$133$66$5
50 years$859$472$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 $880,000, adding $2,473 every year, while hoping to spend $38,577 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: 35/39/26 Blend
49$880,000$880,000$880,000$880,000
50$972,311$925,671$912,031$998,631
51$1,030,441$929,983$901,538$1,022,766
52$1,093,207$933,214$889,401$1,045,118
53$1,161,042$935,269$875,524$1,068,478
54$1,234,421$936,049$859,806$1,092,963
55$1,313,865$935,449$842,143$1,118,703
56$1,399,948$933,355$822,424$1,145,843
57$1,493,303$929,649$800,535$1,174,548
58$1,594,622$924,204$776,355$1,205,000
59$1,704,669$916,886$749,758$1,237,407
60$1,824,284$907,552$720,614$1,271,998
61$1,954,390$896,052$688,784$1,309,030
62$2,096,004$882,224$654,125$1,348,793
63$2,250,245$865,901$616,486$1,391,607
64$2,418,342$846,902$575,710$1,437,831
65$2,601,649$825,038$531,633$1,487,867
66$2,801,659$800,105$484,084$1,542,161
67$3,020,010$771,893$432,883$1,601,209
68$3,258,509$740,174$377,843$1,665,567
69$3,519,145$704,710$318,769$1,735,851
70$3,804,107$665,250$255,456$1,812,748
71$4,115,803$621,525$187,691$1,897,020
72$4,456,889$573,253$115,253$1,989,516
73$4,830,285$520,136$37,907$2,091,178
74$5,239,210$461,858$0$2,203,054
75$5,687,206$398,086$0$2,338,687
76$6,178,177$328,468$0$2,499,015
77$6,716,418$252,631$0$2,675,013
78$7,306,665$170,182$0$2,868,346
79$7,954,130$80,706$0$3,080,855
80$8,664,555$0$0$3,314,574
81$9,444,265$0$0$3,578,720
82$10,300,228$0$0$3,906,851
83$11,240,117$0$0$4,267,289
84$12,272,386$0$0$4,663,292
85$13,406,349$0$0$5,098,452
86$14,652,265$0$0$5,576,722
87$16,021,436$0$0$6,102,459
88$17,526,313$0$0$6,680,465
89$19,180,615$0$0$7,316,027
90$20,999,454$0$0$8,014,972
91$22,999,481$0$0$8,783,720
92$25,199,040$0$0$9,629,344
93$27,618,343$0$0$10,559,636
94$30,279,658$0$0$11,583,183
95$33,207,521$0$0$12,709,446
96$36,428,965$0$0$13,948,848
97$39,973,777$0$0$15,312,875
98$43,874,774$0$0$16,814,182
99$48,168,119$0$0$18,466,713
100$52,893,656$0$0$20,285,833