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%17.4%
1 years$73,000$72,350$71,715$71,096$70,491$68,372
2 years$36,139$35,466$34,813$34,181$33,567$31,450
3 years$23,853$23,177$22,526$21,900$21,296$19,247
4 years$17,712$17,038$16,393$15,778$15,189$13,224
5 years$14,028$13,358$12,722$12,119$11,546$9,671
6 years$11,572$10,908$10,281$9,691$9,136$7,352
7 years$9,819$9,160$8,544$7,968$7,430$5,737
8 years$8,505$7,852$7,246$6,684$6,164$4,560
9 years$7,484$6,837$6,241$5,693$5,191$3,676
10 years$6,667$6,026$5,441$4,908$4,423$2,994
11 years$5,999$5,365$4,790$4,271$3,804$2,458
12 years$5,443$4,815$4,251$3,746$3,296$2,032
13 years$4,973$4,351$3,798$3,308$2,875$1,688
14 years$4,570$3,955$3,413$2,936$2,520$1,408
15 years$4,221$3,613$3,081$2,618$2,219$1,179
16 years$3,916$3,315$2,793$2,345$1,961$990
17 years$3,648$3,053$2,542$2,107$1,739$833
18 years$3,409$2,821$2,320$1,898$1,546$702
19 years$3,196$2,615$2,124$1,715$1,378$593
20 years$3,004$2,430$1,950$1,554$1,231$501
21 years$2,831$2,263$1,793$1,410$1,101$424
22 years$2,674$2,113$1,653$1,282$987$359
23 years$2,531$1,976$1,526$1,168$886$305
24 years$2,400$1,851$1,411$1,065$797$259
25 years$2,279$1,737$1,307$973$717$220
26 years$2,168$1,633$1,212$889$646$187
27 years$2,065$1,537$1,126$814$582$159
28 years$1,970$1,448$1,047$746$525$135
29 years$1,882$1,366$974$684$474$115
30 years$1,799$1,290$907$628$429$97
31 years$1,723$1,219$846$576$387$83
32 years$1,651$1,154$789$530$350$71
33 years$1,583$1,093$737$487$317$60
34 years$1,520$1,036$688$448$287$51
35 years$1,460$982$644$413$260$44
36 years$1,404$932$602$380$236$37
37 years$1,351$886$563$350$214$32
38 years$1,301$842$528$323$194$27
39 years$1,253$800$494$298$176$23
40 years$1,209$761$463$274$159$19
41 years$1,166$725$435$253$144$17
42 years$1,125$690$408$234$131$14
43 years$1,087$658$382$216$119$12
44 years$1,050$627$359$199$108$10
45 years$1,015$598$337$184$98$9
46 years$982$570$317$170$89$7
47 years$950$544$297$157$81$6
48 years$920$520$280$145$73$5
49 years$891$496$263$134$67$5
50 years$863$474$247$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $884,000, adding $6,160 every year, while hoping to spend $52,242 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: 59/36/5 Blend
49$884,000$884,000$884,000$884,000
50$980,522$933,670$919,968$1,037,141
51$1,024,950$923,835$895,202$1,065,957
52$1,072,159$911,767$867,855$1,090,820
53$1,122,377$897,301$837,786$1,116,598
54$1,175,855$880,264$804,847$1,143,380
55$1,232,865$860,470$768,883$1,171,266
56$1,293,708$837,724$729,731$1,200,370
57$1,358,713$811,819$687,224$1,230,818
58$1,428,239$782,536$641,183$1,262,753
59$1,502,682$749,642$591,425$1,296,333
60$1,582,473$712,892$537,755$1,331,739
61$1,668,089$672,027$479,973$1,369,170
62$1,760,049$626,772$417,868$1,408,852
63$1,858,927$576,837$351,220$1,451,034
64$1,965,350$521,914$279,798$1,495,999
65$2,080,008$461,680$203,363$1,544,058
66$2,203,658$395,792$121,665$1,595,564
67$2,337,132$323,886$34,442$1,650,906
68$2,481,344$245,582$0$1,710,521
69$2,637,300$160,474$0$1,778,024
70$2,806,103$68,136$0$1,852,991
71$2,988,968$0$0$1,934,202
72$3,187,229$0$0$2,034,977
73$3,402,355$0$0$2,173,673
74$3,635,959$0$0$2,324,346
75$3,889,818$0$0$2,488,150
76$4,165,885$0$0$2,666,353
77$4,466,308$0$0$2,860,353
78$4,793,453$0$0$3,071,684
79$5,149,921$0$0$3,302,038
80$5,538,577$0$0$3,553,274
81$5,962,572$0$0$3,827,441
82$6,425,374$0$0$4,126,793
83$6,930,803$0$0$4,453,811
84$7,483,062$0$0$4,811,226
85$8,086,778$0$0$5,202,046
86$8,747,048$0$0$5,629,582
87$9,469,481$0$0$6,097,480
88$10,260,254$0$0$6,609,754
89$11,126,171$0$0$7,170,826
90$12,074,721$0$0$7,785,564
91$13,114,154$0$0$8,459,329
92$14,253,555$0$0$9,198,027
93$15,502,930$0$0$10,008,161
94$16,873,301$0$0$10,896,896
95$18,376,805$0$0$11,872,119
96$20,026,812$0$0$12,942,524
97$21,838,051$0$0$14,117,682
98$23,826,745$0$0$15,408,140
99$26,010,763$0$0$16,825,514
100$28,409,793$0$0$18,382,601