Can I retire at age 50 with 880,000?

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 $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%12.9%
1 years$72,670$72,022$71,391$70,774$70,172$69,324
2 years$35,975$35,305$34,656$34,026$33,415$32,562
3 years$23,745$23,072$22,425$21,801$21,200$20,368
4 years$17,631$16,961$16,319$15,706$15,120$14,315
5 years$13,964$13,297$12,664$12,064$11,494$10,719
6 years$11,520$10,858$10,235$9,648$9,095$8,351
7 years$9,775$9,119$8,505$7,932$7,397$6,683
8 years$8,467$7,816$7,213$6,654$6,136$5,454
9 years$7,450$6,806$6,213$5,668$5,168$4,516
10 years$6,637$5,999$5,416$4,886$4,403$3,782
11 years$5,972$5,340$4,768$4,252$3,787$3,195
12 years$5,418$4,793$4,232$3,729$3,281$2,719
13 years$4,950$4,332$3,781$3,293$2,862$2,328
14 years$4,549$3,937$3,397$2,923$2,508$2,002
15 years$4,202$3,597$3,067$2,607$2,209$1,729
16 years$3,899$3,300$2,781$2,334$1,952$1,498
17 years$3,631$3,039$2,530$2,097$1,731$1,302
18 years$3,394$2,808$2,310$1,890$1,539$1,135
19 years$3,182$2,603$2,115$1,708$1,372$991
20 years$2,991$2,419$1,941$1,547$1,225$866
21 years$2,818$2,253$1,785$1,404$1,096$759
22 years$2,662$2,103$1,645$1,276$983$666
23 years$2,519$1,967$1,519$1,162$882$585
24 years$2,389$1,843$1,405$1,060$793$514
25 years$2,269$1,729$1,301$968$714$452
26 years$2,158$1,625$1,207$885$643$398
27 years$2,056$1,530$1,121$810$579$351
28 years$1,961$1,441$1,042$742$523$310
29 years$1,873$1,360$969$681$472$273
30 years$1,791$1,284$903$625$427$241
31 years$1,715$1,214$842$574$386$213
32 years$1,643$1,149$785$527$349$188
33 years$1,576$1,088$733$485$316$166
34 years$1,513$1,031$685$446$286$147
35 years$1,454$978$641$411$259$130
36 years$1,398$928$599$378$235$115
37 years$1,345$882$561$349$213$102
38 years$1,295$838$525$321$193$90
39 years$1,248$797$492$296$175$79
40 years$1,203$758$461$273$159$70
41 years$1,161$721$433$252$144$62
42 years$1,120$687$406$233$131$55
43 years$1,082$655$381$215$118$49
44 years$1,046$624$357$198$108$43
45 years$1,011$595$336$183$98$38
46 years$978$568$315$169$89$34
47 years$946$542$296$156$80$30
48 years$916$517$278$144$73$27
49 years$887$494$262$133$66$23
50 years$859$472$246$123$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $880,000, adding $4,870 every year, while hoping to spend $29,761 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: 60/29/11 Blend
49$880,000$880,000$880,000$880,000
50$974,783$928,143$914,503$1,030,445
51$1,042,546$941,957$913,474$1,082,237
52$1,116,223$955,450$911,412$1,134,901
53$1,196,385$968,575$908,253$1,191,620
54$1,283,664$981,282$903,926$1,252,786
55$1,378,750$993,517$898,360$1,318,832
56$1,482,405$1,005,223$891,478$1,390,237
57$1,595,468$1,016,337$883,200$1,467,527
58$1,718,863$1,026,794$873,444$1,551,282
59$1,853,604$1,036,524$862,122$1,642,144
60$2,000,811$1,045,453$849,142$1,740,819
61$2,161,714$1,053,500$834,409$1,848,086
62$2,337,669$1,060,582$817,822$1,964,804
63$2,530,169$1,066,608$799,276$2,091,920
64$2,740,856$1,071,482$778,662$2,230,480
65$2,971,541$1,075,102$755,865$2,381,636
66$3,224,215$1,077,359$730,764$2,546,660
67$3,501,075$1,078,139$703,233$2,726,952
68$3,804,535$1,077,319$673,143$2,924,059
69$4,137,259$1,074,768$640,354$3,139,686
70$4,502,177$1,070,350$604,723$3,375,713
71$4,902,518$1,063,916$566,101$3,634,213
72$5,341,840$1,055,313$524,330$3,917,474
73$5,824,059$1,044,375$479,247$4,228,016
74$6,353,492$1,030,928$430,680$4,568,620
75$6,934,891$1,014,786$378,451$4,942,354
76$7,573,492$995,754$322,372$5,352,599
77$8,275,066$973,623$262,248$5,803,083
78$9,045,966$948,173$197,877$6,297,918
79$9,893,193$919,173$129,044$6,841,640
80$10,824,460$886,374$55,529$7,439,246
81$11,848,265$849,516$0$8,096,251
82$12,973,968$808,322$0$8,821,423
83$14,211,885$762,502$0$9,625,904
84$15,573,378$711,745$0$10,510,590
85$17,070,968$655,726$0$11,483,658
86$18,718,448$594,098$0$12,554,125
87$20,531,018$526,498$0$13,731,930
88$22,525,424$452,538$0$15,028,026
89$24,720,117$371,812$0$16,454,491
90$27,135,427$283,889$0$18,024,635
91$29,793,756$188,315$0$19,753,131
92$32,719,785$84,608$0$21,656,154
93$35,940,712$0$0$23,751,531
94$39,486,503$0$0$26,067,765
95$43,390,181$0$0$28,647,595
96$47,688,129$0$0$31,488,075
97$52,420,441$0$0$34,615,715
98$57,631,294$0$0$38,059,724
99$63,369,369$0$0$41,852,288
100$69,688,308$0$0$46,028,873