Can I retire at age 50 with 885,000?

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 $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%17.1%
1 years$73,082$72,431$71,796$71,176$70,571$68,532
2 years$36,179$35,506$34,853$34,219$33,605$31,567
3 years$23,880$23,203$22,552$21,925$21,321$19,347
4 years$17,732$17,057$16,412$15,796$15,206$13,312
5 years$14,043$13,373$12,736$12,132$11,559$9,751
6 years$11,585$10,920$10,293$9,702$9,147$7,425
7 years$9,830$9,171$8,553$7,977$7,439$5,804
8 years$8,515$7,861$7,254$6,692$6,171$4,622
9 years$7,492$6,844$6,248$5,700$5,197$3,732
10 years$6,674$6,033$5,447$4,913$4,428$3,045
11 years$6,006$5,371$4,795$4,276$3,808$2,506
12 years$5,449$4,820$4,256$3,751$3,300$2,075
13 years$4,978$4,356$3,802$3,311$2,878$1,727
14 years$4,575$3,960$3,416$2,939$2,523$1,444
15 years$4,226$3,617$3,085$2,621$2,221$1,211
16 years$3,921$3,319$2,797$2,347$1,963$1,019
17 years$3,652$3,057$2,545$2,109$1,741$859
18 years$3,413$2,824$2,323$1,901$1,548$726
19 years$3,200$2,618$2,127$1,717$1,379$614
20 years$3,008$2,432$1,952$1,555$1,232$521
21 years$2,834$2,266$1,795$1,412$1,103$442
22 years$2,677$2,115$1,655$1,283$988$375
23 years$2,534$1,978$1,528$1,169$887$319
24 years$2,402$1,853$1,413$1,066$797$271
25 years$2,282$1,739$1,309$974$718$231
26 years$2,170$1,635$1,214$890$646$197
27 years$2,068$1,538$1,127$815$583$168
28 years$1,972$1,450$1,048$747$526$143
29 years$1,884$1,368$975$685$475$122
30 years$1,801$1,291$908$628$429$104
31 years$1,724$1,221$847$577$388$88
32 years$1,652$1,155$790$530$351$75
33 years$1,585$1,094$738$488$318$64
34 years$1,521$1,037$689$449$287$55
35 years$1,462$983$644$413$260$47
36 years$1,406$933$603$380$236$40
37 years$1,353$887$564$351$214$34
38 years$1,302$843$528$323$194$29
39 years$1,255$801$495$298$176$25
40 years$1,210$762$464$275$159$21
41 years$1,167$726$435$253$145$18
42 years$1,127$691$408$234$131$15
43 years$1,088$658$383$216$119$13
44 years$1,052$628$359$199$108$11
45 years$1,017$598$337$184$98$10
46 years$983$571$317$170$89$8
47 years$951$545$298$157$81$7
48 years$921$520$280$145$73$6
49 years$892$497$263$134$67$5
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 $6,949 every year, while hoping to spend $42,291 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: 36/44/20 Blend
49$885,000$885,000$885,000$885,000
50$982,438$935,533$921,815$1,011,631
51$1,037,649$936,377$907,699$1,034,396
52$1,097,075$935,844$891,692$1,054,509
53$1,161,100$933,824$873,687$1,075,349
54$1,230,147$930,197$853,571$1,097,007
55$1,304,681$924,836$831,225$1,119,585
56$1,385,214$917,607$806,526$1,143,196
57$1,472,305$908,370$779,344$1,167,972
58$1,566,573$896,972$749,544$1,194,061
59$1,668,694$883,255$716,985$1,221,628
60$1,779,416$867,050$681,519$1,250,861
61$1,899,557$848,176$642,991$1,281,970
62$2,030,020$826,445$601,239$1,315,192
63$2,171,797$801,655$556,095$1,350,794
64$2,325,978$773,594$507,382$1,389,074
65$2,493,764$742,037$454,916$1,430,366
66$2,676,477$706,745$398,505$1,475,044
67$2,875,569$667,467$337,946$1,523,528
68$3,092,641$623,936$273,031$1,576,286
69$3,329,452$575,871$203,539$1,633,841
70$3,587,941$522,974$129,242$1,696,777
71$3,870,241$464,929$49,902$1,765,746
72$4,178,699$401,405$0$1,841,475
73$4,515,902$332,049$0$1,932,193
74$4,884,695$256,491$0$2,043,228
75$5,288,213$174,338$0$2,164,983
76$5,729,906$85,175$0$2,298,635
77$6,213,573$0$0$2,445,488
78$6,743,400$0$0$2,612,526
79$7,323,995$0$0$2,840,884
80$7,960,432$0$0$3,091,334
81$8,658,302$0$0$3,366,091
82$9,423,761$0$0$3,667,596
83$10,263,589$0$0$3,998,536
84$11,185,256$0$0$4,361,873
85$12,196,989$0$0$4,760,867
86$13,307,849$0$0$5,199,114
87$14,527,821$0$0$5,680,569
88$15,867,900$0$0$6,209,594
89$17,340,203$0$0$6,790,991
90$18,958,074$0$0$7,430,055
91$20,736,216$0$0$8,132,613
92$22,690,829$0$0$8,905,090
93$24,839,757$0$0$9,754,563
94$27,202,661$0$0$10,688,829
95$29,801,203$0$0$11,716,478
96$32,659,248$0$0$12,846,974
97$35,803,090$0$0$14,090,747
98$39,261,702$0$0$15,459,286
99$43,067,003$0$0$16,965,252
100$47,254,163$0$0$18,622,593