Can I retire at age 50 with 884,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$73,000$72,350$71,715$71,096$70,491$68,927
2 years$36,139$35,466$34,813$34,181$33,567$32,000
3 years$23,853$23,177$22,526$21,900$21,296$19,774
4 years$17,712$17,038$16,393$15,778$15,189$13,724
5 years$14,028$13,358$12,722$12,119$11,546$10,142
6 years$11,572$10,908$10,281$9,691$9,136$7,795
7 years$9,819$9,160$8,544$7,968$7,430$6,152
8 years$8,505$7,852$7,246$6,684$6,164$4,948
9 years$7,484$6,837$6,241$5,693$5,191$4,037
10 years$6,667$6,026$5,441$4,908$4,423$3,329
11 years$5,999$5,365$4,790$4,271$3,804$2,769
12 years$5,443$4,815$4,251$3,746$3,296$2,319
13 years$4,973$4,351$3,798$3,308$2,875$1,952
14 years$4,570$3,955$3,413$2,936$2,520$1,651
15 years$4,221$3,613$3,081$2,618$2,219$1,402
16 years$3,916$3,315$2,793$2,345$1,961$1,194
17 years$3,648$3,053$2,542$2,107$1,739$1,019
18 years$3,409$2,821$2,320$1,898$1,546$872
19 years$3,196$2,615$2,124$1,715$1,378$747
20 years$3,004$2,430$1,950$1,554$1,231$642
21 years$2,831$2,263$1,793$1,410$1,101$552
22 years$2,674$2,113$1,653$1,282$987$475
23 years$2,531$1,976$1,526$1,168$886$409
24 years$2,400$1,851$1,411$1,065$797$353
25 years$2,279$1,737$1,307$973$717$304
26 years$2,168$1,633$1,212$889$646$263
27 years$2,065$1,537$1,126$814$582$227
28 years$1,970$1,448$1,047$746$525$196
29 years$1,882$1,366$974$684$474$169
30 years$1,799$1,290$907$628$429$146
31 years$1,723$1,219$846$576$387$127
32 years$1,651$1,154$789$530$350$110
33 years$1,583$1,093$737$487$317$95
34 years$1,520$1,036$688$448$287$82
35 years$1,460$982$644$413$260$71
36 years$1,404$932$602$380$236$62
37 years$1,351$886$563$350$214$53
38 years$1,301$842$528$323$194$46
39 years$1,253$800$494$298$176$40
40 years$1,209$761$463$274$159$35
41 years$1,166$725$435$253$144$30
42 years$1,125$690$408$234$131$26
43 years$1,087$658$382$216$119$22
44 years$1,050$627$359$199$108$19
45 years$1,015$598$337$184$98$17
46 years$982$570$317$170$89$15
47 years$950$544$297$157$81$13
48 years$920$520$280$145$73$11
49 years$891$496$263$134$67$10
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 $2,457 every year, while hoping to spend $39,752 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: 56/26/18 Blend
49$884,000$884,000$884,000$884,000
50$976,702$929,850$916,148$1,026,589
51$1,034,030$933,117$904,544$1,064,101
52$1,095,873$935,212$891,218$1,100,459
53$1,162,650$936,035$876,071$1,139,179
54$1,234,820$935,481$858,999$1,180,498
55$1,312,889$933,437$839,894$1,224,675
56$1,397,414$929,785$818,640$1,272,001
57$1,489,004$924,398$795,118$1,322,796
58$1,588,331$917,142$769,203$1,377,415
59$1,696,134$907,876$740,765$1,436,250
60$1,813,226$896,448$709,666$1,499,738
61$1,940,499$882,698$675,765$1,568,358
62$2,078,938$866,458$638,911$1,642,644
63$2,229,624$847,549$598,948$1,723,185
64$2,393,747$825,780$555,714$1,810,635
65$2,572,616$800,950$509,038$1,905,715
66$2,767,673$772,847$458,741$2,009,223
67$2,980,504$741,245$404,637$2,122,043
68$3,212,856$705,906$346,533$2,245,150
69$3,466,650$666,579$284,225$2,379,626
70$3,744,003$622,996$217,501$2,526,663
71$4,047,245$574,876$146,140$2,687,582
72$4,378,939$521,920$69,912$2,863,842
73$4,741,911$463,814$0$3,057,054
74$5,139,271$400,226$0$3,271,198
75$5,574,442$330,802$0$3,520,516
76$6,051,196$255,172$0$3,793,794
77$6,573,685$172,943$0$4,093,487
78$7,146,485$83,701$0$4,422,305
79$7,774,632$0$0$4,783,236
80$8,463,675$0$0$5,183,296
81$9,219,726$0$0$5,648,616
82$10,049,515$0$0$6,159,402
83$10,960,459$0$0$6,720,229
84$11,960,724$0$0$7,336,136
85$13,059,309$0$0$8,012,676
86$14,266,125$0$0$8,755,961
87$15,592,091$0$0$9,572,731
88$17,049,237$0$0$10,470,407
89$18,650,814$0$0$11,457,166
90$20,411,423$0$0$12,542,015
91$22,347,148$0$0$13,734,880
92$24,475,710$0$0$15,046,694
93$26,816,634$0$0$16,489,506
94$29,391,431$0$0$18,076,588
95$32,223,802$0$0$19,822,565
96$35,339,859$0$0$21,743,549
97$38,768,375$0$0$23,857,295
98$42,541,051$0$0$26,183,364
99$46,692,816$0$0$28,743,310
100$51,262,157$0$0$31,560,882