Can I retire at age 50 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$73,082$72,431$71,796$71,176$70,571$68,367
2 years$36,179$35,506$34,853$34,219$33,605$31,404
3 years$23,880$23,203$22,552$21,925$21,321$19,192
4 years$17,732$17,057$16,412$15,796$15,206$13,166
5 years$14,043$13,373$12,736$12,132$11,559$9,613
6 years$11,585$10,920$10,293$9,702$9,147$7,296
7 years$9,830$9,171$8,553$7,977$7,439$5,683
8 years$8,515$7,861$7,254$6,692$6,171$4,510
9 years$7,492$6,844$6,248$5,700$5,197$3,628
10 years$6,674$6,033$5,447$4,913$4,428$2,950
11 years$6,006$5,371$4,795$4,276$3,808$2,418
12 years$5,449$4,820$4,256$3,751$3,300$1,994
13 years$4,978$4,356$3,802$3,311$2,878$1,653
14 years$4,575$3,960$3,416$2,939$2,523$1,376
15 years$4,226$3,617$3,085$2,621$2,221$1,150
16 years$3,921$3,319$2,797$2,347$1,963$963
17 years$3,652$3,057$2,545$2,109$1,741$809
18 years$3,413$2,824$2,323$1,901$1,548$680
19 years$3,200$2,618$2,127$1,717$1,379$573
20 years$3,008$2,432$1,952$1,555$1,232$483
21 years$2,834$2,266$1,795$1,412$1,103$408
22 years$2,677$2,115$1,655$1,283$988$345
23 years$2,534$1,978$1,528$1,169$887$292
24 years$2,402$1,853$1,413$1,066$797$247
25 years$2,282$1,739$1,309$974$718$209
26 years$2,170$1,635$1,214$890$646$177
27 years$2,068$1,538$1,127$815$583$150
28 years$1,972$1,450$1,048$747$526$128
29 years$1,884$1,368$975$685$475$108
30 years$1,801$1,291$908$628$429$92
31 years$1,724$1,221$847$577$388$78
32 years$1,652$1,155$790$530$351$66
33 years$1,585$1,094$738$488$318$56
34 years$1,521$1,037$689$449$287$48
35 years$1,462$983$644$413$260$40
36 years$1,406$933$603$380$236$34
37 years$1,353$887$564$351$214$29
38 years$1,302$843$528$323$194$25
39 years$1,255$801$495$298$176$21
40 years$1,210$762$464$275$159$18
41 years$1,167$726$435$253$145$15
42 years$1,127$691$408$234$131$13
43 years$1,088$658$383$216$119$11
44 years$1,052$628$359$199$108$9
45 years$1,017$598$337$184$98$8
46 years$983$571$317$170$89$7
47 years$951$545$298$157$81$6
48 years$921$520$280$145$73$5
49 years$892$497$263$134$67$4
50 years$864$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 $885,000, adding $5,393 every year, while hoping to spend $42,996 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: 48/39/13 Blend
49$885,000$885,000$885,000$885,000
50$980,833$933,928$920,210$1,024,133
51$1,035,130$933,943$905,290$1,054,571
52$1,093,525$932,518$888,429$1,082,716
53$1,156,390$929,536$869,516$1,112,316
54$1,224,134$924,875$848,437$1,143,521
55$1,297,206$918,404$825,070$1,176,501
56$1,376,099$909,985$799,289$1,211,443
57$1,461,358$899,471$770,961$1,248,556
58$1,553,577$886,705$739,948$1,288,072
59$1,653,411$871,524$706,107$1,330,253
60$1,761,582$853,751$669,284$1,375,387
61$1,878,882$833,203$629,323$1,423,796
62$2,006,181$809,683$586,059$1,475,839
63$2,144,437$782,984$539,318$1,531,915
64$2,294,705$752,885$488,920$1,592,468
65$2,458,144$719,155$434,678$1,657,989
66$2,636,029$681,548$376,394$1,729,028
67$2,829,763$639,803$313,862$1,806,192
68$3,040,891$593,646$246,869$1,890,158
69$3,271,113$542,786$175,190$1,981,675
70$3,522,300$486,915$98,592$2,081,577
71$3,796,509$425,709$16,830$2,190,785
72$4,096,008$358,824$0$2,310,326
73$4,423,293$285,898$0$2,451,103
74$4,781,109$206,547$0$2,607,734
75$5,172,482$120,368$0$2,779,316
76$5,600,741$26,932$0$2,967,434
77$6,069,554$0$0$3,173,845
78$6,582,958$0$0$3,432,337
79$7,145,400$0$0$3,728,278
80$7,761,777$0$0$4,052,699
81$8,437,482$0$0$4,408,452
82$9,178,455$0$0$4,798,676
83$9,991,238$0$0$5,226,830
84$10,883,038$0$0$5,696,725
85$11,861,791$0$0$6,212,558
86$12,936,241$0$0$6,778,950
87$14,116,017$0$0$7,400,995
88$15,411,729$0$0$8,084,302
89$16,835,065$0$0$8,835,051
90$18,398,897$0$0$9,660,050
91$20,117,411$0$0$10,566,799
92$22,006,230$0$0$11,563,562
93$24,082,569$0$0$12,659,441
94$26,365,394$0$0$13,864,467
95$28,875,598$0$0$15,189,689
96$31,636,202$0$0$16,647,282
97$34,672,570$0$0$18,250,658
98$38,012,646$0$0$20,014,598
99$41,687,220$0$0$21,955,384
100$45,730,214$0$0$24,090,958