Can I retire at age 50 with 883,000?

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 $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%18.4%
1 years$72,917$72,268$71,634$71,016$70,412$68,022
2 years$36,098$35,425$34,774$34,142$33,529$31,145
3 years$23,826$23,151$22,501$21,875$21,272$18,969
4 years$17,691$17,018$16,375$15,760$15,172$12,967
5 years$14,012$13,343$12,708$12,105$11,533$9,433
6 years$11,559$10,895$10,270$9,681$9,126$7,132
7 years$9,808$9,150$8,534$7,959$7,422$5,534
8 years$8,496$7,843$7,238$6,677$6,157$4,373
9 years$7,475$6,829$6,234$5,687$5,185$3,503
10 years$6,659$6,019$5,435$4,902$4,418$2,836
11 years$5,992$5,359$4,785$4,266$3,800$2,313
12 years$5,437$4,810$4,246$3,742$3,293$1,899
13 years$4,967$4,346$3,794$3,304$2,871$1,567
14 years$4,565$3,951$3,409$2,933$2,517$1,298
15 years$4,216$3,609$3,078$2,615$2,216$1,079
16 years$3,912$3,311$2,790$2,342$1,959$899
17 years$3,644$3,050$2,539$2,104$1,737$751
18 years$3,405$2,818$2,318$1,896$1,544$629
19 years$3,192$2,612$2,122$1,713$1,376$527
20 years$3,001$2,427$1,947$1,552$1,229$442
21 years$2,828$2,261$1,791$1,408$1,100$371
22 years$2,671$2,110$1,651$1,281$986$312
23 years$2,528$1,974$1,524$1,166$885$263
24 years$2,397$1,849$1,410$1,064$796$221
25 years$2,277$1,735$1,306$971$716$186
26 years$2,166$1,631$1,211$888$645$157
27 years$2,063$1,535$1,124$813$581$132
28 years$1,968$1,446$1,045$745$525$112
29 years$1,880$1,364$973$683$474$94
30 years$1,797$1,289$906$627$428$79
31 years$1,721$1,218$845$576$387$67
32 years$1,649$1,153$788$529$350$57
33 years$1,581$1,092$736$487$317$48
34 years$1,518$1,034$688$448$287$40
35 years$1,459$981$643$412$260$34
36 years$1,402$931$601$380$235$29
37 years$1,349$885$563$350$213$24
38 years$1,299$841$527$322$193$20
39 years$1,252$799$494$297$175$17
40 years$1,207$761$463$274$159$15
41 years$1,165$724$434$253$144$12
42 years$1,124$689$407$233$131$10
43 years$1,086$657$382$215$119$9
44 years$1,049$626$359$199$108$7
45 years$1,014$597$337$184$98$6
46 years$981$570$316$170$89$5
47 years$949$544$297$157$81$4
48 years$919$519$279$145$73$4
49 years$890$496$262$134$67$3
50 years$862$473$247$124$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $883,000, adding $3,097 every year, while hoping to spend $52,265 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: 57/34/9 Blend
49$883,000$883,000$883,000$883,000
50$976,261$929,462$915,775$1,029,662
51$1,020,230$919,396$890,844$1,055,948
52$1,066,932$907,085$863,326$1,078,469
53$1,116,591$892,364$833,079$1,101,739
54$1,169,451$875,058$799,955$1,125,834
55$1,225,781$854,981$763,800$1,150,843
56$1,285,873$831,938$724,449$1,176,865
57$1,350,049$805,720$681,735$1,204,011
58$1,418,661$776,107$635,480$1,232,409
59$1,492,095$742,867$585,500$1,262,201
60$1,570,774$705,753$531,599$1,293,547
61$1,655,163$664,504$473,578$1,326,626
62$1,745,770$618,846$411,224$1,361,643
63$1,843,156$568,487$344,317$1,398,822
64$1,947,934$513,119$272,628$1,438,419
65$2,060,778$452,416$195,915$1,480,719
66$2,182,427$386,034$113,928$1,526,040
67$2,313,695$313,611$26,406$1,574,741
68$2,455,476$234,762$0$1,627,219
69$2,608,750$149,081$0$1,690,354
70$2,774,597$56,140$0$1,761,335
71$2,954,203$0$0$1,838,206
72$3,148,871$0$0$1,938,269
73$3,360,036$0$0$2,069,661
74$3,589,274$0$0$2,212,366
75$3,838,319$0$0$2,367,472
76$4,109,080$0$0$2,536,176
77$4,403,654$0$0$2,719,795
78$4,724,352$0$0$2,919,780
79$5,073,714$0$0$3,137,723
80$5,454,536$0$0$3,375,380
81$5,869,896$0$0$3,634,683
82$6,323,182$0$0$3,917,759
83$6,818,121$0$0$4,226,946
84$7,358,818$0$0$4,564,822
85$7,949,792$0$0$4,934,224
86$8,596,016$0$0$5,338,273
87$9,302,969$0$0$5,780,410
88$10,076,681$0$0$6,264,420
89$10,923,794$0$0$6,794,473
90$11,851,619$0$0$7,375,161
91$12,868,211$0$0$8,011,539
92$13,982,439$0$0$8,709,178
93$15,204,070$0$0$9,474,211
94$16,543,864$0$0$10,313,392
95$18,013,670$0$0$11,234,164
96$19,626,539$0$0$12,244,722
97$21,396,848$0$0$13,354,094
98$23,340,434$0$0$14,572,225
99$25,474,740$0$0$15,910,070
100$27,818,983$0$0$17,379,697