Can I retire at age 50 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$72,835$72,186$71,553$70,935$70,332$67,648
2 years$36,057$35,385$34,734$34,103$33,491$30,819
3 years$23,799$23,125$22,475$21,850$21,248$18,672
4 years$17,671$16,999$16,356$15,742$15,154$12,693
5 years$13,996$13,327$12,693$12,091$11,520$9,180
6 years$11,546$10,883$10,258$9,670$9,116$6,899
7 years$9,797$9,139$8,524$7,950$7,413$5,319
8 years$8,486$7,834$7,229$6,669$6,150$4,176
9 years$7,467$6,821$6,227$5,680$5,179$3,323
10 years$6,652$6,012$5,429$4,897$4,413$2,671
11 years$5,985$5,353$4,779$4,262$3,795$2,164
12 years$5,431$4,804$4,241$3,738$3,289$1,763
13 years$4,961$4,342$3,789$3,300$2,868$1,444
14 years$4,560$3,946$3,405$2,929$2,514$1,187
15 years$4,212$3,605$3,074$2,613$2,214$979
16 years$3,908$3,308$2,787$2,339$1,956$810
17 years$3,640$3,046$2,536$2,102$1,735$671
18 years$3,402$2,815$2,315$1,894$1,542$557
19 years$3,189$2,609$2,119$1,711$1,375$463
20 years$2,998$2,424$1,945$1,550$1,228$385
21 years$2,825$2,258$1,789$1,407$1,099$321
22 years$2,668$2,108$1,649$1,279$985$267
23 years$2,525$1,971$1,523$1,165$884$223
24 years$2,394$1,847$1,408$1,062$795$186
25 years$2,274$1,733$1,304$970$715$155
26 years$2,163$1,629$1,210$887$644$130
27 years$2,061$1,533$1,123$812$581$108
28 years$1,966$1,445$1,044$744$524$91
29 years$1,878$1,363$972$682$473$76
30 years$1,795$1,287$905$626$428$63
31 years$1,719$1,217$844$575$387$53
32 years$1,647$1,151$787$529$350$44
33 years$1,580$1,090$735$486$316$37
34 years$1,516$1,033$687$447$287$31
35 years$1,457$980$642$412$260$26
36 years$1,401$930$601$379$235$22
37 years$1,348$884$562$349$213$18
38 years$1,298$840$526$322$193$15
39 years$1,251$798$493$297$175$13
40 years$1,206$760$462$274$159$11
41 years$1,163$723$434$253$144$9
42 years$1,123$689$407$233$131$7
43 years$1,085$656$382$215$119$6
44 years$1,048$625$358$199$108$5
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$4
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$3
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $882,000, adding $4,963 every year, while hoping to spend $54,826 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: 72/21/7 Blend
49$882,000$882,000$882,000$882,000
50$977,083$930,337$916,666$1,046,077
51$1,018,411$917,589$889,040$1,079,523
52$1,062,117$902,379$858,651$1,108,810
53$1,108,386$884,529$825,349$1,139,343
54$1,157,419$863,848$788,975$1,171,229
55$1,209,436$840,137$749,367$1,204,586
56$1,264,679$813,185$706,351$1,239,548
57$1,323,411$782,765$659,748$1,276,261
58$1,385,921$748,642$609,371$1,314,887
59$1,452,523$710,564$555,024$1,355,608
60$1,523,564$668,265$496,500$1,398,626
61$1,599,422$621,464$433,587$1,444,162
62$1,680,511$569,864$366,061$1,492,465
63$1,767,287$513,152$293,688$1,543,810
64$1,860,248$450,994$216,224$1,598,502
65$1,959,941$383,040$133,416$1,656,879
66$2,066,966$308,921$44,996$1,719,317
67$2,181,982$228,243$0$1,786,231
68$2,305,711$140,594$0$1,861,772
69$2,438,948$45,537$0$1,946,590
70$2,582,563$0$0$2,037,910
71$2,737,514$0$0$2,149,648
72$2,904,854$0$0$2,281,716
73$3,085,738$0$0$2,424,508
74$3,281,436$0$0$2,579,032
75$3,493,346$0$0$2,746,395
76$3,723,002$0$0$2,927,815
77$3,972,094$0$0$3,124,630
78$4,242,477$0$0$3,338,313
79$4,536,194$0$0$3,570,483
80$4,855,491$0$0$3,822,922
81$5,202,840$0$0$4,097,589
82$5,580,959$0$0$4,396,641
83$5,992,840$0$0$4,722,451
84$6,441,776$0$0$5,077,631
85$6,931,389$0$0$5,465,053
86$7,465,669$0$0$5,887,883
87$8,049,004$0$0$6,349,600
88$8,686,227$0$0$6,854,040
89$9,382,658$0$0$7,405,420
90$10,144,154$0$0$8,008,388
91$10,977,164$0$0$8,668,059
92$11,888,786$0$0$9,390,064
93$12,886,841$0$0$10,180,607
94$13,979,937$0$0$11,046,517
95$15,177,556$0$0$11,995,316
96$16,490,140$0$0$13,035,286
97$17,929,189$0$0$14,175,553
98$19,507,367$0$0$15,426,162
99$21,238,626$0$0$16,798,181
100$23,138,331$0$0$18,303,801