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%20%
1 years$72,835$72,186$71,553$70,935$70,332$67,515
2 years$36,057$35,385$34,734$34,103$33,491$30,689
3 years$23,799$23,125$22,475$21,850$21,248$18,548
4 years$17,671$16,999$16,356$15,742$15,154$12,577
5 years$13,996$13,327$12,693$12,091$11,520$9,073
6 years$11,546$10,883$10,258$9,670$9,116$6,799
7 years$9,797$9,139$8,524$7,950$7,413$5,227
8 years$8,486$7,834$7,229$6,669$6,150$4,092
9 years$7,467$6,821$6,227$5,680$5,179$3,246
10 years$6,652$6,012$5,429$4,897$4,413$2,601
11 years$5,985$5,353$4,779$4,262$3,795$2,100
12 years$5,431$4,804$4,241$3,738$3,289$1,706
13 years$4,961$4,342$3,789$3,300$2,868$1,392
14 years$4,560$3,946$3,405$2,929$2,514$1,141
15 years$4,212$3,605$3,074$2,613$2,214$937
16 years$3,908$3,308$2,787$2,339$1,956$772
17 years$3,640$3,046$2,536$2,102$1,735$637
18 years$3,402$2,815$2,315$1,894$1,542$527
19 years$3,189$2,609$2,119$1,711$1,375$436
20 years$2,998$2,424$1,945$1,550$1,228$362
21 years$2,825$2,258$1,789$1,407$1,099$300
22 years$2,668$2,108$1,649$1,279$985$249
23 years$2,525$1,971$1,523$1,165$884$207
24 years$2,394$1,847$1,408$1,062$795$172
25 years$2,274$1,733$1,304$970$715$143
26 years$2,163$1,629$1,210$887$644$119
27 years$2,061$1,533$1,123$812$581$99
28 years$1,966$1,445$1,044$744$524$82
29 years$1,878$1,363$972$682$473$69
30 years$1,795$1,287$905$626$428$57
31 years$1,719$1,217$844$575$387$48
32 years$1,647$1,151$787$529$350$40
33 years$1,580$1,090$735$486$316$33
34 years$1,516$1,033$687$447$287$27
35 years$1,457$980$642$412$260$23
36 years$1,401$930$601$379$235$19
37 years$1,348$884$562$349$213$16
38 years$1,298$840$526$322$193$13
39 years$1,251$798$493$297$175$11
40 years$1,206$760$462$274$159$9
41 years$1,163$723$434$253$144$8
42 years$1,123$689$407$233$131$6
43 years$1,085$656$382$215$119$5
44 years$1,048$625$358$199$108$4
45 years$1,013$596$336$184$98$4
46 years$980$569$316$170$89$3
47 years$948$543$297$157$81$3
48 years$918$518$279$145$73$2
49 years$889$495$262$134$67$2
50 years$861$473$246$124$60$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $882,000, adding $4,363 every year, while hoping to spend $20,995 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: 51/21/28 Blend
49$882,000$882,000$882,000$882,000
50$976,464$929,718$916,047$1,018,363
51$1,053,725$952,936$924,397$1,071,240
52$1,138,163$976,588$932,322$1,126,250
53$1,230,488$1,000,673$939,786$1,185,656
54$1,331,481$1,025,189$946,753$1,249,887
55$1,442,003$1,050,134$953,180$1,319,413
56$1,563,002$1,075,505$959,026$1,394,754
57$1,695,520$1,101,298$964,246$1,476,484
58$1,840,709$1,127,506$968,793$1,565,233
59$1,999,832$1,154,125$972,619$1,661,696
60$2,174,284$1,181,146$975,670$1,766,642
61$2,365,599$1,208,561$977,894$1,880,915
62$2,575,470$1,236,360$979,233$2,005,446
63$2,805,757$1,264,531$979,627$2,141,263
64$3,058,513$1,293,062$979,013$2,289,498
65$3,335,997$1,321,937$977,325$2,451,397
66$3,640,698$1,351,142$974,495$2,628,338
67$3,975,358$1,380,656$970,449$2,821,835
68$4,342,998$1,410,461$965,112$3,033,560
69$4,746,944$1,440,535$958,405$3,265,355
70$5,190,864$1,470,852$950,242$3,519,251
71$5,678,794$1,501,387$940,538$3,797,487
72$6,215,185$1,532,109$929,200$4,102,530
73$6,804,939$1,562,987$916,133$4,437,101
74$7,453,455$1,593,985$901,236$4,804,198
75$8,166,684$1,625,067$884,404$5,207,126
76$8,951,181$1,656,190$865,526$5,649,528
77$9,814,169$1,687,311$844,489$6,135,422
78$10,763,605$1,718,381$821,170$6,669,233
79$11,808,258$1,749,347$795,445$7,255,843
80$12,957,789$1,780,153$767,181$7,900,630
81$14,222,843$1,810,740$736,240$8,609,524
82$15,615,147$1,841,041$702,479$9,389,060
83$17,147,627$1,870,986$665,747$10,246,443
84$18,834,521$1,900,500$625,885$11,189,614
85$20,691,520$1,929,503$582,730$12,227,325
86$22,735,913$1,957,906$536,110$13,369,226
87$24,986,750$1,985,618$485,844$14,625,950
88$27,465,024$2,012,539$431,745$16,009,219
89$30,193,865$2,038,562$373,617$17,531,952
90$33,198,761$2,063,574$311,255$19,208,392
91$36,507,798$2,087,452$244,446$21,054,232
92$40,151,924$2,110,068$172,965$23,086,775
93$44,165,241$2,131,282$96,580$25,325,089
94$48,585,328$2,150,946$15,047$27,790,189
95$53,453,593$2,168,905$0$30,505,242
96$58,815,667$2,184,989$0$33,517,279
97$64,721,832$2,199,020$0$36,839,134
98$71,227,495$2,210,808$0$40,497,405
99$78,393,713$2,220,151$0$44,526,363
100$86,287,766$2,226,833$0$48,963,772