Can I retire at age 50 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$72,917$72,268$71,634$71,016$70,412$69,909
2 years$36,098$35,425$34,774$34,142$33,529$33,023
3 years$23,826$23,151$22,501$21,875$21,272$20,777
4 years$17,691$17,018$16,375$15,760$15,172$14,692
5 years$14,012$13,343$12,708$12,105$11,533$11,070
6 years$11,559$10,895$10,270$9,681$9,126$8,680
7 years$9,808$9,150$8,534$7,959$7,422$6,994
8 years$8,496$7,843$7,238$6,677$6,157$5,746
9 years$7,475$6,829$6,234$5,687$5,185$4,792
10 years$6,659$6,019$5,435$4,902$4,418$4,042
11 years$5,992$5,359$4,785$4,266$3,800$3,440
12 years$5,437$4,810$4,246$3,742$3,293$2,950
13 years$4,967$4,346$3,794$3,304$2,871$2,545
14 years$4,565$3,951$3,409$2,933$2,517$2,206
15 years$4,216$3,609$3,078$2,615$2,216$1,921
16 years$3,912$3,311$2,790$2,342$1,959$1,679
17 years$3,644$3,050$2,539$2,104$1,737$1,471
18 years$3,405$2,818$2,318$1,896$1,544$1,293
19 years$3,192$2,612$2,122$1,713$1,376$1,138
20 years$3,001$2,427$1,947$1,552$1,229$1,005
21 years$2,828$2,261$1,791$1,408$1,100$888
22 years$2,671$2,110$1,651$1,281$986$786
23 years$2,528$1,974$1,524$1,166$885$697
24 years$2,397$1,849$1,410$1,064$796$618
25 years$2,277$1,735$1,306$971$716$549
26 years$2,166$1,631$1,211$888$645$488
27 years$2,063$1,535$1,124$813$581$434
28 years$1,968$1,446$1,045$745$525$387
29 years$1,880$1,364$973$683$474$344
30 years$1,797$1,289$906$627$428$307
31 years$1,721$1,218$845$576$387$274
32 years$1,649$1,153$788$529$350$244
33 years$1,581$1,092$736$487$317$218
34 years$1,518$1,034$688$448$287$195
35 years$1,459$981$643$412$260$174
36 years$1,402$931$601$380$235$155
37 years$1,349$885$563$350$213$139
38 years$1,299$841$527$322$193$124
39 years$1,252$799$494$297$175$111
40 years$1,207$761$463$274$159$99
41 years$1,165$724$434$253$144$89
42 years$1,124$689$407$233$131$79
43 years$1,086$657$382$215$119$71
44 years$1,049$626$359$199$108$63
45 years$1,014$597$337$184$98$57
46 years$981$570$316$170$89$51
47 years$949$544$297$157$81$45
48 years$919$519$279$145$73$41
49 years$890$496$262$134$67$36
50 years$862$473$247$124$60$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $883,000, adding $4,960 every year, while hoping to spend $24,680 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: 46/25/29 Blend
49$883,000$883,000$883,000$883,000
50$978,182$931,383$917,697$1,014,810
51$1,051,697$950,762$922,180$1,060,664
52$1,131,884$970,263$925,987$1,107,624
53$1,219,397$989,866$929,068$1,158,109
54$1,314,955$1,009,549$931,372$1,212,463
55$1,419,353$1,029,290$932,845$1,271,065
56$1,533,463$1,049,061$933,431$1,334,335
57$1,658,246$1,068,835$933,071$1,402,734
58$1,794,761$1,088,581$931,703$1,476,773
59$1,944,173$1,108,268$929,261$1,557,015
60$2,107,764$1,127,859$925,677$1,644,079
61$2,286,948$1,147,316$920,879$1,738,651
62$2,483,281$1,166,599$914,793$1,841,487
63$2,698,477$1,185,663$907,340$1,953,420
64$2,934,422$1,204,461$898,436$2,075,369
65$3,193,196$1,222,943$887,997$2,208,350
66$3,477,088$1,241,053$875,931$2,353,482
67$3,788,620$1,258,733$862,143$2,511,999
68$4,130,570$1,275,922$846,535$2,685,263
69$4,505,997$1,292,551$829,003$2,874,777
70$4,918,271$1,308,549$809,437$3,082,198
71$5,371,107$1,323,840$787,726$3,309,355
72$5,868,594$1,338,342$763,748$3,558,264
73$6,415,238$1,351,968$737,382$3,831,149
74$7,016,003$1,364,625$708,495$4,130,463
75$7,676,359$1,376,215$676,952$4,458,913
76$8,402,329$1,386,631$642,612$4,819,481
77$9,200,552$1,395,762$605,325$5,215,459
78$10,078,341$1,403,487$564,936$5,650,476
79$11,043,754$1,409,680$521,284$6,128,536
80$12,105,668$1,414,205$474,197$6,654,051
81$13,273,863$1,416,918$423,500$7,231,890
82$14,559,117$1,417,667$369,008$7,867,419
83$15,973,304$1,416,290$310,526$8,566,559
84$17,529,506$1,412,613$247,854$9,335,834
85$19,242,139$1,406,454$180,780$10,182,443
86$21,127,086$1,397,619$109,085$11,114,318
87$23,201,848$1,385,902$32,539$12,140,211
88$25,485,710$1,371,085$0$13,269,767
89$27,999,920$1,352,936$0$14,528,830
90$30,767,892$1,331,209$0$15,925,652
91$33,815,424$1,305,645$0$17,463,162
92$37,170,944$1,275,969$0$19,155,700
93$40,865,777$1,241,888$0$21,019,066
94$44,934,440$1,203,094$0$23,070,676
95$49,414,968$1,159,261$0$25,329,726
96$54,349,272$1,110,042$0$27,817,368
97$59,783,535$1,055,072$0$30,556,918
98$65,768,648$993,963$0$33,574,071
99$72,360,689$926,306$0$36,897,145
100$79,621,454$851,669$0$40,557,352