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%14%
1 years$73,000$72,350$71,715$71,096$70,491$69,324
2 years$36,139$35,466$34,813$34,181$33,567$32,394
3 years$23,853$23,177$22,526$21,900$21,296$20,155
4 years$17,712$17,038$16,393$15,778$15,189$14,087
5 years$14,028$13,358$12,722$12,119$11,546$10,488
6 years$11,572$10,908$10,281$9,691$9,136$8,122
7 years$9,819$9,160$8,544$7,968$7,430$6,460
8 years$8,505$7,852$7,246$6,684$6,164$5,239
9 years$7,484$6,837$6,241$5,693$5,191$4,310
10 years$6,667$6,026$5,441$4,908$4,423$3,585
11 years$5,999$5,365$4,790$4,271$3,804$3,008
12 years$5,443$4,815$4,251$3,746$3,296$2,542
13 years$4,973$4,351$3,798$3,308$2,875$2,160
14 years$4,570$3,955$3,413$2,936$2,520$1,845
15 years$4,221$3,613$3,081$2,618$2,219$1,581
16 years$3,916$3,315$2,793$2,345$1,961$1,360
17 years$3,648$3,053$2,542$2,107$1,739$1,173
18 years$3,409$2,821$2,320$1,898$1,546$1,014
19 years$3,196$2,615$2,124$1,715$1,378$878
20 years$3,004$2,430$1,950$1,554$1,231$762
21 years$2,831$2,263$1,793$1,410$1,101$662
22 years$2,674$2,113$1,653$1,282$987$576
23 years$2,531$1,976$1,526$1,168$886$501
24 years$2,400$1,851$1,411$1,065$797$437
25 years$2,279$1,737$1,307$973$717$381
26 years$2,168$1,633$1,212$889$646$333
27 years$2,065$1,537$1,126$814$582$291
28 years$1,970$1,448$1,047$746$525$254
29 years$1,882$1,366$974$684$474$222
30 years$1,799$1,290$907$628$429$194
31 years$1,723$1,219$846$576$387$170
32 years$1,651$1,154$789$530$350$149
33 years$1,583$1,093$737$487$317$130
34 years$1,520$1,036$688$448$287$114
35 years$1,460$982$644$413$260$100
36 years$1,404$932$602$380$236$88
37 years$1,351$886$563$350$214$77
38 years$1,301$842$528$323$194$67
39 years$1,253$800$494$298$176$59
40 years$1,209$761$463$274$159$52
41 years$1,166$725$435$253$144$45
42 years$1,125$690$408$234$131$40
43 years$1,087$658$382$216$119$35
44 years$1,050$627$359$199$108$31
45 years$1,015$598$337$184$98$27
46 years$982$570$317$170$89$23
47 years$950$544$297$157$81$21
48 years$920$520$280$145$73$18
49 years$891$496$263$134$67$16
50 years$863$474$247$124$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $884,000, adding $3,610 every year, while hoping to spend $53,463 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: 63/32/5 Blend
49$884,000$884,000$884,000$884,000
50$977,892$931,040$917,338$1,038,542
51$1,020,752$919,776$891,184$1,068,113
52$1,066,193$906,169$862,363$1,093,750
53$1,114,420$890,047$830,728$1,120,336
54$1,165,660$871,229$796,126$1,147,961
55$1,220,160$849,522$758,399$1,176,722
56$1,278,191$824,722$717,379$1,206,731
57$1,340,048$796,615$672,893$1,238,113
58$1,406,056$764,973$624,758$1,271,007
59$1,476,571$729,553$572,785$1,305,569
60$1,551,981$690,102$516,774$1,341,974
61$1,632,715$646,348$456,517$1,380,416
62$1,719,240$598,008$391,799$1,421,116
63$1,812,071$544,778$322,392$1,464,315
64$1,911,770$486,341$248,060$1,510,287
65$2,018,958$422,358$168,557$1,559,336
66$2,134,312$352,474$83,624$1,611,799
67$2,258,579$276,312$0$1,668,057
68$2,392,578$193,475$0$1,728,902
69$2,537,209$103,544$0$1,799,217
70$2,693,461$6,074$0$1,875,071
71$2,862,420$0$0$1,957,064
72$3,045,282$0$0$2,080,860
73$3,243,359$0$0$2,217,326
74$3,458,094$0$0$2,365,324
75$3,691,076$0$0$2,525,956
76$3,944,050$0$0$2,700,432
77$4,218,936$0$0$2,890,085
78$4,517,848$0$0$3,096,381
79$4,843,109$0$0$3,320,931
80$5,197,276$0$0$3,565,509
81$5,583,164$0$0$3,832,069
82$6,003,869$0$0$4,122,759
83$6,462,799$0$0$4,439,943
84$6,963,706$0$0$4,786,225
85$7,510,720$0$0$5,164,469
86$8,108,385$0$0$5,577,832
87$8,761,706$0$0$6,029,785
88$9,476,194$0$0$6,524,152
89$10,257,914$0$0$7,065,143
90$11,113,547$0$0$7,657,395
91$12,050,449$0$0$8,306,012
92$13,076,719$0$0$9,016,616
93$14,201,278$0$0$9,795,398
94$15,433,950$0$0$10,649,177
95$16,785,555$0$0$11,585,464
96$18,268,010$0$0$12,612,529
97$19,894,441$0$0$13,739,483
98$21,679,305$0$0$14,976,361
99$23,638,527$0$0$16,334,217
100$25,789,651$0$0$17,825,229