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%16.8%
1 years$72,917$72,268$71,634$71,016$70,412$68,460
2 years$36,098$35,425$34,774$34,142$33,529$31,577
3 years$23,826$23,151$22,501$21,875$21,272$19,381
4 years$17,691$17,018$16,375$15,760$15,172$13,356
5 years$14,012$13,343$12,708$12,105$11,533$9,799
6 years$11,559$10,895$10,270$9,681$9,126$7,473
7 years$9,808$9,150$8,534$7,959$7,422$5,852
8 years$8,496$7,843$7,238$6,677$6,157$4,668
9 years$7,475$6,829$6,234$5,687$5,185$3,776
10 years$6,659$6,019$5,435$4,902$4,418$3,087
11 years$5,992$5,359$4,785$4,266$3,800$2,545
12 years$5,437$4,810$4,246$3,742$3,293$2,112
13 years$4,967$4,346$3,794$3,304$2,871$1,761
14 years$4,565$3,951$3,409$2,933$2,517$1,476
15 years$4,216$3,609$3,078$2,615$2,216$1,240
16 years$3,912$3,311$2,790$2,342$1,959$1,046
17 years$3,644$3,050$2,539$2,104$1,737$884
18 years$3,405$2,818$2,318$1,896$1,544$748
19 years$3,192$2,612$2,122$1,713$1,376$635
20 years$3,001$2,427$1,947$1,552$1,229$539
21 years$2,828$2,261$1,791$1,408$1,100$459
22 years$2,671$2,110$1,651$1,281$986$390
23 years$2,528$1,974$1,524$1,166$885$333
24 years$2,397$1,849$1,410$1,064$796$284
25 years$2,277$1,735$1,306$971$716$242
26 years$2,166$1,631$1,211$888$645$207
27 years$2,063$1,535$1,124$813$581$176
28 years$1,968$1,446$1,045$745$525$151
29 years$1,880$1,364$973$683$474$129
30 years$1,797$1,289$906$627$428$110
31 years$1,721$1,218$845$576$387$94
32 years$1,649$1,153$788$529$350$80
33 years$1,581$1,092$736$487$317$69
34 years$1,518$1,034$688$448$287$59
35 years$1,459$981$643$412$260$50
36 years$1,402$931$601$380$235$43
37 years$1,349$885$563$350$213$37
38 years$1,299$841$527$322$193$32
39 years$1,252$799$494$297$175$27
40 years$1,207$761$463$274$159$23
41 years$1,165$724$434$253$144$20
42 years$1,124$689$407$233$131$17
43 years$1,086$657$382$215$119$14
44 years$1,049$626$359$199$108$12
45 years$1,014$597$337$184$98$11
46 years$981$570$316$170$89$9
47 years$949$544$297$157$81$8
48 years$919$519$279$145$73$7
49 years$890$496$262$134$67$6
50 years$862$473$247$124$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $883,000, adding $3,564 every year, while hoping to spend $23,718 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: 34/42/24 Blend
49$883,000$883,000$883,000$883,000
50$976,742$929,943$916,257$1,002,716
51$1,051,134$950,275$921,716$1,042,731
52$1,132,319$970,807$926,562$1,083,448
53$1,220,965$991,526$930,752$1,126,881
54$1,317,807$1,012,415$934,235$1,173,287
55$1,423,655$1,033,454$936,963$1,222,947
56$1,539,398$1,054,625$938,883$1,276,174
57$1,666,020$1,075,904$939,938$1,333,313
58$1,804,599$1,097,269$940,072$1,394,742
59$1,956,326$1,118,693$939,222$1,460,882
60$2,122,511$1,140,148$937,325$1,532,194
61$2,304,595$1,161,603$934,313$1,609,190
62$2,504,168$1,183,026$930,117$1,692,432
63$2,722,979$1,204,380$924,662$1,782,542
64$2,962,955$1,225,627$917,870$1,880,206
65$3,226,219$1,246,726$909,662$1,986,181
66$3,515,110$1,267,631$899,951$2,101,302
67$3,832,201$1,288,295$888,650$2,226,491
68$4,180,330$1,308,666$875,664$2,362,764
69$4,562,621$1,328,688$860,896$2,511,245
70$4,982,517$1,348,302$844,245$2,673,170
71$5,443,809$1,367,444$825,602$2,849,908
72$5,950,674$1,386,046$804,857$3,042,964
73$6,507,716$1,404,035$781,892$3,254,002
74$7,120,002$1,421,333$756,585$3,484,857
75$7,793,120$1,437,855$728,809$3,737,553
76$8,533,223$1,453,515$698,428$4,014,324
77$9,347,089$1,468,215$665,303$4,317,633
78$10,242,190$1,481,855$629,289$4,650,199
79$11,226,755$1,494,327$590,231$5,015,019
80$12,309,851$1,505,516$547,971$5,415,400
81$13,501,468$1,515,299$502,340$5,854,991
82$14,812,615$1,523,546$453,166$6,337,816
83$16,255,420$1,530,118$400,265$6,868,311
84$17,843,246$1,534,867$343,447$7,451,373
85$19,590,818$1,537,637$282,514$8,092,400
86$21,514,361$1,538,260$217,258$8,797,346
87$23,631,752$1,536,561$147,462$9,572,778
88$25,962,689$1,532,350$72,900$10,425,938
89$28,528,877$1,525,429$0$11,364,811
90$31,354,233$1,515,586$0$12,399,914
91$34,465,110$1,502,595$0$13,559,282
92$37,890,549$1,486,220$0$14,835,003
93$41,662,547$1,466,207$0$16,238,954
94$45,816,365$1,442,289$0$17,784,228
95$50,390,856$1,414,183$0$19,485,258
96$55,428,833$1,381,588$0$21,357,952
97$60,977,474$1,344,186$0$23,419,845
98$67,088,766$1,301,641$0$25,690,268
99$73,819,995$1,253,596$0$28,190,527
100$81,234,287$1,199,674$0$30,944,106