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%14.1%
1 years$72,835$72,186$71,553$70,935$70,332$69,138
2 years$36,057$35,385$34,734$34,103$33,491$32,293
3 years$23,799$23,125$22,475$21,850$21,248$20,082
4 years$17,671$16,999$16,356$15,742$15,154$14,029
5 years$13,996$13,327$12,693$12,091$11,520$10,439
6 years$11,546$10,883$10,258$9,670$9,116$8,080
7 years$9,797$9,139$8,524$7,950$7,413$6,423
8 years$8,486$7,834$7,229$6,669$6,150$5,206
9 years$7,467$6,821$6,227$5,680$5,179$4,280
10 years$6,652$6,012$5,429$4,897$4,413$3,558
11 years$5,985$5,353$4,779$4,262$3,795$2,984
12 years$5,431$4,804$4,241$3,738$3,289$2,520
13 years$4,961$4,342$3,789$3,300$2,868$2,140
14 years$4,560$3,946$3,405$2,929$2,514$1,826
15 years$4,212$3,605$3,074$2,613$2,214$1,564
16 years$3,908$3,308$2,787$2,339$1,956$1,344
17 years$3,640$3,046$2,536$2,102$1,735$1,158
18 years$3,402$2,815$2,315$1,894$1,542$1,001
19 years$3,189$2,609$2,119$1,711$1,375$866
20 years$2,998$2,424$1,945$1,550$1,228$751
21 years$2,825$2,258$1,789$1,407$1,099$652
22 years$2,668$2,108$1,649$1,279$985$566
23 years$2,525$1,971$1,523$1,165$884$493
24 years$2,394$1,847$1,408$1,062$795$429
25 years$2,274$1,733$1,304$970$715$374
26 years$2,163$1,629$1,210$887$644$326
27 years$2,061$1,533$1,123$812$581$285
28 years$1,966$1,445$1,044$744$524$249
29 years$1,878$1,363$972$682$473$217
30 years$1,795$1,287$905$626$428$190
31 years$1,719$1,217$844$575$387$166
32 years$1,647$1,151$787$529$350$145
33 years$1,580$1,090$735$486$316$127
34 years$1,516$1,033$687$447$287$111
35 years$1,457$980$642$412$260$97
36 years$1,401$930$601$379$235$85
37 years$1,348$884$562$349$213$75
38 years$1,298$840$526$322$193$65
39 years$1,251$798$493$297$175$57
40 years$1,206$760$462$274$159$50
41 years$1,163$723$434$253$144$44
42 years$1,123$689$407$233$131$38
43 years$1,085$656$382$215$119$34
44 years$1,048$625$358$199$108$29
45 years$1,013$596$336$184$98$26
46 years$980$569$316$170$89$23
47 years$948$543$297$157$81$20
48 years$918$518$279$145$73$17
49 years$889$495$262$134$67$15
50 years$861$473$246$124$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $882,000, adding $4,630 every year, while hoping to spend $25,395 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: 57/35/8 Blend
49$882,000$882,000$882,000$882,000
50$976,740$929,994$916,323$1,030,366
51$1,049,347$948,543$920,000$1,085,567
52$1,128,509$967,151$922,948$1,142,434
53$1,214,868$985,792$925,118$1,203,771
54$1,309,130$1,004,441$926,455$1,270,009
55$1,412,072$1,023,070$926,902$1,341,621
56$1,524,551$1,041,648$926,401$1,419,128
57$1,647,509$1,060,142$924,889$1,503,105
58$1,781,984$1,078,518$922,301$1,594,186
59$1,929,117$1,096,736$918,569$1,693,069
60$2,090,167$1,114,756$913,621$1,800,524
61$2,266,519$1,132,534$907,383$1,917,396
62$2,459,698$1,150,023$899,774$2,044,622
63$2,671,385$1,167,171$890,714$2,183,231
64$2,903,428$1,183,925$880,115$2,334,358
65$3,157,866$1,200,226$867,887$2,499,254
66$3,436,943$1,216,011$853,936$2,679,298
67$3,743,131$1,231,215$838,162$2,876,010
68$4,079,151$1,245,766$820,462$3,091,066
69$4,448,004$1,259,588$800,727$3,326,313
70$4,852,992$1,272,599$778,843$3,583,786
71$5,297,755$1,284,714$754,692$3,865,730
72$5,786,301$1,295,840$728,149$4,174,619
73$6,323,046$1,305,878$699,084$4,513,180
74$6,912,855$1,314,725$667,362$4,884,419
75$7,561,088$1,322,268$632,840$5,291,650
76$8,273,649$1,328,389$595,370$5,738,527
77$9,057,043$1,332,962$554,796$6,229,077
78$9,918,436$1,335,852$510,958$6,767,738
79$10,865,726$1,336,918$463,684$7,359,404
80$11,907,610$1,336,007$412,798$8,009,470
81$13,053,675$1,332,960$358,115$8,723,883
82$14,314,480$1,327,606$299,442$9,509,196
83$15,701,662$1,319,763$236,578$10,372,637
84$17,228,039$1,309,239$169,311$11,322,169
85$18,907,739$1,295,831$97,422$12,366,574
86$20,756,324$1,279,323$20,682$13,515,529
87$22,790,946$1,259,486$0$14,779,704
88$25,030,499$1,236,078$0$16,176,083
89$27,495,805$1,208,841$0$17,714,627
90$30,209,807$1,177,504$0$19,407,882
91$33,197,784$1,141,778$0$21,271,620
92$36,487,591$1,101,359$0$23,323,226
93$40,109,924$1,055,924$0$25,581,862
94$44,098,603$1,005,131$0$28,068,647
95$48,490,898$948,620$0$30,806,860
96$53,327,875$886,008$0$33,822,155
97$58,654,787$816,891$0$37,142,810
98$64,521,500$740,843$0$40,799,989
99$70,982,961$657,413$0$44,828,042
100$78,099,720$566,123$0$49,264,828