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%18.9%
1 years$73,082$72,431$71,796$71,176$70,571$68,040
2 years$36,179$35,506$34,853$34,219$33,605$31,083
3 years$23,880$23,203$22,552$21,925$21,321$18,886
4 years$17,732$17,057$16,412$15,796$15,206$12,878
5 years$14,043$13,373$12,736$12,132$11,559$9,343
6 years$11,585$10,920$10,293$9,702$9,147$7,045
7 years$9,830$9,171$8,553$7,977$7,439$5,450
8 years$8,515$7,861$7,254$6,692$6,171$4,295
9 years$7,492$6,844$6,248$5,700$5,197$3,430
10 years$6,674$6,033$5,447$4,913$4,428$2,767
11 years$6,006$5,371$4,795$4,276$3,808$2,250
12 years$5,449$4,820$4,256$3,751$3,300$1,841
13 years$4,978$4,356$3,802$3,311$2,878$1,514
14 years$4,575$3,960$3,416$2,939$2,523$1,250
15 years$4,226$3,617$3,085$2,621$2,221$1,035
16 years$3,921$3,319$2,797$2,347$1,963$860
17 years$3,652$3,057$2,545$2,109$1,741$716
18 years$3,413$2,824$2,323$1,901$1,548$597
19 years$3,200$2,618$2,127$1,717$1,379$498
20 years$3,008$2,432$1,952$1,555$1,232$416
21 years$2,834$2,266$1,795$1,412$1,103$348
22 years$2,677$2,115$1,655$1,283$988$292
23 years$2,534$1,978$1,528$1,169$887$244
24 years$2,402$1,853$1,413$1,066$797$205
25 years$2,282$1,739$1,309$974$718$172
26 years$2,170$1,635$1,214$890$646$144
27 years$2,068$1,538$1,127$815$583$121
28 years$1,972$1,450$1,048$747$526$102
29 years$1,884$1,368$975$685$475$85
30 years$1,801$1,291$908$628$429$72
31 years$1,724$1,221$847$577$388$60
32 years$1,652$1,155$790$530$351$51
33 years$1,585$1,094$738$488$318$43
34 years$1,521$1,037$689$449$287$36
35 years$1,462$983$644$413$260$30
36 years$1,406$933$603$380$236$25
37 years$1,353$887$564$351$214$21
38 years$1,302$843$528$323$194$18
39 years$1,255$801$495$298$176$15
40 years$1,210$762$464$275$159$13
41 years$1,167$726$435$253$145$11
42 years$1,127$691$408$234$131$9
43 years$1,088$658$383$216$119$8
44 years$1,052$628$359$199$108$6
45 years$1,017$598$337$184$98$5
46 years$983$571$317$170$89$4
47 years$951$545$298$157$81$4
48 years$921$520$280$145$73$3
49 years$892$497$263$134$67$3
50 years$864$474$247$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $885,000, adding $5,625 every year, while hoping to spend $56,240 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$981,072$934,167$920,450$1,024,372
51$1,021,303$920,102$891,446$1,040,755
52$1,063,752$903,464$859,585$1,052,258
53$1,108,586$884,065$824,713$1,063,493
54$1,155,988$861,711$786,668$1,074,455
55$1,206,157$836,192$745,279$1,085,141
56$1,259,308$807,289$700,369$1,095,553
57$1,315,680$774,769$651,754$1,105,695
58$1,375,532$738,385$599,240$1,115,577
59$1,439,146$697,876$542,625$1,125,217
60$1,506,834$652,966$481,697$1,134,637
61$1,578,933$603,364$416,237$1,143,868
62$1,655,817$548,761$346,013$1,152,949
63$1,737,891$488,832$270,785$1,161,930
64$1,825,602$423,231$190,303$1,170,873
65$1,919,439$351,594$104,303$1,179,851
66$2,019,938$273,538$12,513$1,188,955
67$2,127,685$188,655$0$1,198,292
68$2,243,327$96,518$0$1,219,838
69$2,367,571$0$0$1,244,512
70$2,501,194$0$0$1,272,220
71$2,645,048$0$0$1,346,713
72$2,800,070$0$0$1,427,063
73$2,967,290$0$0$1,513,812
74$3,147,836$0$0$1,607,557
75$3,342,952$0$0$1,708,954
76$3,554,001$0$0$1,818,722
77$3,782,485$0$0$1,937,652
78$4,030,052$0$0$2,066,617
79$4,298,517$0$0$2,206,573
80$4,589,873$0$0$2,358,572
81$4,906,313$0$0$2,523,774
82$5,250,252$0$0$2,703,453
83$5,624,342$0$0$2,899,009
84$6,031,504$0$0$3,111,986
85$6,474,951$0$0$3,344,081
86$6,958,219$0$0$3,597,162
87$7,485,200$0$0$3,873,285
88$8,060,176$0$0$4,174,712
89$8,687,860$0$0$4,503,936
90$9,373,444$0$0$4,863,697
91$10,122,639$0$0$5,257,014
92$10,941,734$0$0$5,687,213
93$11,837,655$0$0$6,157,953
94$12,818,025$0$0$6,673,263
95$13,891,240$0$0$7,237,582
96$15,066,546$0$0$7,855,796
97$16,354,122$0$0$8,533,287
98$17,765,180$0$0$9,275,983
99$19,312,069$0$0$10,090,411
100$21,008,388$0$0$10,983,762