Can I retire at age 50 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$72,752$72,104$71,472$70,855$70,252$69,288
2 years$36,016$35,345$34,695$34,065$33,453$32,484
3 years$23,772$23,098$22,450$21,826$21,224$20,279
4 years$17,651$16,980$16,338$15,724$15,137$14,224
5 years$13,980$13,312$12,679$12,078$11,507$10,629
6 years$11,533$10,871$10,246$9,659$9,105$8,262
7 years$9,786$9,129$8,515$7,941$7,405$6,598
8 years$8,476$7,825$7,221$6,661$6,143$5,372
9 years$7,458$6,813$6,220$5,674$5,173$4,438
10 years$6,644$6,006$5,422$4,891$4,408$3,707
11 years$5,979$5,346$4,774$4,257$3,791$3,124
12 years$5,424$4,799$4,237$3,734$3,285$2,652
13 years$4,956$4,337$3,785$3,296$2,865$2,264
14 years$4,554$3,942$3,401$2,926$2,511$1,942
15 years$4,207$3,601$3,071$2,610$2,211$1,673
16 years$3,903$3,304$2,784$2,337$1,954$1,446
17 years$3,635$3,043$2,533$2,099$1,733$1,253
18 years$3,398$2,812$2,313$1,892$1,541$1,089
19 years$3,185$2,606$2,117$1,710$1,373$948
20 years$2,994$2,421$1,943$1,548$1,227$826
21 years$2,822$2,255$1,787$1,405$1,098$722
22 years$2,665$2,105$1,647$1,278$984$631
23 years$2,522$1,969$1,521$1,164$883$553
24 years$2,391$1,845$1,406$1,061$794$484
25 years$2,271$1,731$1,303$969$714$425
26 years$2,161$1,627$1,208$886$643$373
27 years$2,058$1,531$1,122$811$580$328
28 years$1,964$1,443$1,043$743$523$288
29 years$1,875$1,361$971$682$473$253
30 years$1,793$1,286$904$625$427$223
31 years$1,717$1,215$843$574$386$196
32 years$1,645$1,150$786$528$349$173
33 years$1,578$1,089$734$485$316$152
34 years$1,515$1,032$686$447$286$134
35 years$1,455$979$641$411$259$118
36 years$1,399$929$600$379$235$104
37 years$1,346$883$562$349$213$92
38 years$1,296$839$526$322$193$81
39 years$1,249$798$493$297$175$71
40 years$1,204$759$462$274$159$63
41 years$1,162$722$433$252$144$55
42 years$1,122$688$406$233$131$49
43 years$1,083$655$381$215$119$43
44 years$1,047$625$358$199$108$38
45 years$1,012$596$336$183$98$34
46 years$979$568$316$169$89$30
47 years$947$542$296$156$81$26
48 years$917$518$279$145$73$23
49 years$888$494$262$134$66$20
50 years$860$472$246$123$60$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $881,000, adding $6,298 every year, while hoping to spend $56,370 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: 45/26/29 Blend
49$881,000$881,000$881,000$881,000
50$977,358$930,665$917,010$1,012,899
51$1,017,072$916,291$887,752$1,024,447
52$1,058,946$899,322$855,626$1,031,086
53$1,103,144$879,574$820,474$1,037,214
54$1,149,839$856,848$782,134$1,042,819
55$1,199,223$830,934$740,437$1,047,885
56$1,251,506$801,612$695,203$1,052,404
57$1,306,916$768,647$646,249$1,056,369
58$1,365,702$731,791$593,378$1,059,778
59$1,428,136$690,782$536,389$1,062,635
60$1,494,518$645,342$475,070$1,064,947
61$1,565,173$595,177$409,199$1,066,731
62$1,640,458$539,979$338,545$1,068,011
63$1,720,765$479,418$262,867$1,068,817
64$1,806,522$413,149$181,912$1,069,194
65$1,898,199$340,805$95,418$1,069,195
66$1,996,311$262,000$3,109$1,068,889
67$2,101,421$176,324$0$1,068,357
68$2,214,150$83,348$0$1,097,219
69$2,335,176$0$0$1,129,022
70$2,465,245$0$0$1,168,012
71$2,605,176$0$0$1,235,687
72$2,755,866$0$0$1,308,643
73$2,918,303$0$0$1,387,369
74$3,093,570$0$0$1,472,400
75$3,282,859$0$0$1,564,325
76$3,487,479$0$0$1,663,791
77$3,708,868$0$0$1,771,510
78$3,948,607$0$0$1,888,263
79$4,208,434$0$0$2,014,911
80$4,490,262$0$0$2,152,400
81$4,796,191$0$0$2,301,769
82$5,128,535$0$0$2,464,164
83$5,489,837$0$0$2,640,843
84$5,882,895$0$0$2,833,190
85$6,310,787$0$0$3,042,732
86$6,776,901$0$0$3,271,144
87$7,284,965$0$0$3,520,273
88$7,839,080$0$0$3,792,150
89$8,443,764$0$0$4,089,012
90$9,103,986$0$0$4,413,322
91$9,825,218$0$0$4,767,788
92$10,613,483$0$0$5,155,396
93$11,475,414$0$0$5,579,430
94$12,418,310$0$0$6,043,509
95$13,450,213$0$0$6,551,616
96$14,579,975$0$0$7,108,137
97$15,817,345$0$0$7,717,903
98$17,173,058$0$0$8,386,235
99$18,658,938$0$0$9,118,991
100$20,288,005$0$0$9,922,626