Can I retire at age 50 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$73,000$72,350$71,715$71,096$70,491$68,871
2 years$36,139$35,466$34,813$34,181$33,567$31,944
3 years$23,853$23,177$22,526$21,900$21,296$19,721
4 years$17,712$17,038$16,393$15,778$15,189$13,673
5 years$14,028$13,358$12,722$12,119$11,546$10,094
6 years$11,572$10,908$10,281$9,691$9,136$7,749
7 years$9,819$9,160$8,544$7,968$7,430$6,109
8 years$8,505$7,852$7,246$6,684$6,164$4,908
9 years$7,484$6,837$6,241$5,693$5,191$3,999
10 years$6,667$6,026$5,441$4,908$4,423$3,294
11 years$5,999$5,365$4,790$4,271$3,804$2,736
12 years$5,443$4,815$4,251$3,746$3,296$2,288
13 years$4,973$4,351$3,798$3,308$2,875$1,924
14 years$4,570$3,955$3,413$2,936$2,520$1,625
15 years$4,221$3,613$3,081$2,618$2,219$1,378
16 years$3,916$3,315$2,793$2,345$1,961$1,172
17 years$3,648$3,053$2,542$2,107$1,739$999
18 years$3,409$2,821$2,320$1,898$1,546$853
19 years$3,196$2,615$2,124$1,715$1,378$730
20 years$3,004$2,430$1,950$1,554$1,231$626
21 years$2,831$2,263$1,793$1,410$1,101$537
22 years$2,674$2,113$1,653$1,282$987$462
23 years$2,531$1,976$1,526$1,168$886$397
24 years$2,400$1,851$1,411$1,065$797$342
25 years$2,279$1,737$1,307$973$717$294
26 years$2,168$1,633$1,212$889$646$254
27 years$2,065$1,537$1,126$814$582$219
28 years$1,970$1,448$1,047$746$525$189
29 years$1,882$1,366$974$684$474$163
30 years$1,799$1,290$907$628$429$141
31 years$1,723$1,219$846$576$387$121
32 years$1,651$1,154$789$530$350$105
33 years$1,583$1,093$737$487$317$91
34 years$1,520$1,036$688$448$287$78
35 years$1,460$982$644$413$260$68
36 years$1,404$932$602$380$236$58
37 years$1,351$886$563$350$214$51
38 years$1,301$842$528$323$194$44
39 years$1,253$800$494$298$176$38
40 years$1,209$761$463$274$159$33
41 years$1,166$725$435$253$144$28
42 years$1,125$690$408$234$131$24
43 years$1,087$658$382$216$119$21
44 years$1,050$627$359$199$108$18
45 years$1,015$598$337$184$98$16
46 years$982$570$317$170$89$14
47 years$950$544$297$157$81$12
48 years$920$520$280$145$73$10
49 years$891$496$263$134$67$9
50 years$863$474$247$124$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $884,000, adding $2,778 every year, while hoping to spend $24,363 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: 52/27/21 Blend
49$884,000$884,000$884,000$884,000
50$977,034$930,182$916,480$1,022,033
51$1,050,769$949,838$921,260$1,073,001
52$1,131,209$969,642$925,383$1,125,660
53$1,219,011$989,573$928,803$1,182,424
54$1,314,901$1,009,613$931,468$1,243,690
55$1,419,675$1,029,738$933,326$1,309,899
56$1,534,211$1,049,925$934,322$1,381,534
57$1,659,477$1,070,148$934,399$1,459,131
58$1,796,537$1,090,378$933,494$1,543,277
59$1,946,561$1,110,584$931,544$1,634,621
60$2,110,842$1,130,735$928,482$1,733,880
61$2,290,801$1,150,793$924,239$1,841,843
62$2,488,001$1,170,721$918,740$1,959,379
63$2,704,168$1,190,476$911,908$2,087,448
64$2,941,198$1,210,015$903,662$2,227,107
65$3,201,184$1,229,289$893,918$2,379,523
66$3,486,428$1,248,248$882,588$2,545,982
67$3,799,466$1,266,835$869,577$2,727,902
68$4,143,093$1,284,991$854,790$2,926,845
69$4,520,387$1,302,654$838,123$3,144,536
70$4,934,738$1,319,755$819,472$3,382,876
71$5,389,880$1,336,222$798,723$3,643,960
72$5,889,929$1,351,978$775,761$3,930,098
73$6,439,417$1,366,940$750,464$4,243,838
74$7,043,336$1,381,019$722,704$4,587,990
75$7,707,190$1,394,122$692,347$4,965,649
76$8,437,037$1,406,148$659,255$5,380,231
77$9,239,556$1,416,990$623,281$5,835,499
78$10,122,103$1,426,535$584,273$6,335,605
79$11,092,783$1,434,661$542,072$6,885,124
80$12,160,527$1,441,239$496,511$7,489,102
81$13,335,173$1,446,133$447,417$8,153,099
82$14,627,563$1,449,195$394,608$8,883,248
83$16,049,641$1,450,273$337,894$9,686,308
84$17,614,568$1,449,200$277,077$10,569,732
85$19,336,845$1,445,802$211,950$11,541,735
86$21,232,451$1,439,894$142,298$12,611,375
87$23,318,991$1,431,278$67,895$13,788,635
88$25,615,864$1,419,747$0$15,084,521
89$28,144,445$1,405,078$0$16,513,746
90$30,928,289$1,387,037$0$18,103,509
91$33,993,348$1,365,375$0$19,853,381
92$37,368,219$1,339,828$0$21,779,676
93$41,084,415$1,310,117$0$23,900,371
94$45,176,659$1,275,947$0$26,235,281
95$49,683,213$1,237,003$0$28,806,241
96$54,646,240$1,192,956$0$31,637,319
97$60,112,199$1,143,453$0$34,755,038
98$66,132,284$1,088,123$0$38,188,628
99$72,762,911$1,026,575$0$41,970,306
100$80,066,244$958,393$0$46,135,576