Can I retire at age 50 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$73,248$72,595$71,959$71,337$70,731$69,731
2 years$36,261$35,586$34,931$34,297$33,681$32,676
3 years$23,934$23,256$22,603$21,974$21,369$20,390
4 years$17,772$17,095$16,449$15,831$15,240$14,294
5 years$14,075$13,403$12,765$12,160$11,585$10,675
6 years$11,612$10,945$10,316$9,724$9,167$8,294
7 years$9,853$9,191$8,573$7,995$7,455$6,620
8 years$8,534$7,879$7,270$6,707$6,185$5,387
9 years$7,509$6,860$6,262$5,713$5,209$4,447
10 years$6,689$6,047$5,459$4,924$4,438$3,713
11 years$6,019$5,383$4,806$4,286$3,817$3,127
12 years$5,461$4,831$4,265$3,759$3,308$2,653
13 years$4,990$4,366$3,811$3,319$2,884$2,263
14 years$4,585$3,969$3,424$2,946$2,528$1,940
15 years$4,236$3,625$3,092$2,627$2,226$1,670
16 years$3,930$3,326$2,803$2,352$1,967$1,442
17 years$3,660$3,063$2,551$2,114$1,745$1,249
18 years$3,421$2,831$2,328$1,905$1,551$1,084
19 years$3,207$2,623$2,131$1,721$1,383$943
20 years$3,015$2,438$1,956$1,559$1,235$822
21 years$2,841$2,271$1,799$1,415$1,105$717
22 years$2,683$2,120$1,658$1,286$991$627
23 years$2,539$1,983$1,531$1,172$889$549
24 years$2,408$1,857$1,416$1,068$799$480
25 years$2,287$1,743$1,312$976$719$421
26 years$2,175$1,638$1,216$892$648$369
27 years$2,072$1,542$1,130$817$584$324
28 years$1,977$1,453$1,050$748$527$285
29 years$1,888$1,371$977$686$476$250
30 years$1,806$1,294$910$630$430$220
31 years$1,728$1,224$849$578$389$193
32 years$1,656$1,158$792$532$352$170
33 years$1,588$1,096$739$489$318$150
34 years$1,525$1,039$691$450$288$132
35 years$1,465$986$646$414$261$116
36 years$1,409$936$604$381$236$102
37 years$1,356$889$565$351$214$90
38 years$1,305$844$529$324$194$79
39 years$1,258$803$496$299$176$70
40 years$1,213$764$465$275$160$61
41 years$1,170$727$436$254$145$54
42 years$1,129$693$409$234$132$48
43 years$1,091$660$384$216$119$42
44 years$1,054$629$360$200$108$37
45 years$1,019$600$338$185$98$33
46 years$985$572$318$170$89$29
47 years$954$546$298$158$81$25
48 years$923$521$280$146$74$22
49 years$894$498$264$135$67$20
50 years$866$476$248$124$61$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $887,000, adding $6,792 every year, while hoping to spend $53,157 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$887,000$887,000$887,000$887,000
50$984,480$937,469$923,720$1,045,336
51$1,028,338$926,846$898,106$1,076,084
52$1,074,889$913,922$869,853$1,102,748
53$1,124,349$898,526$838,815$1,130,465
54$1,176,959$880,480$804,842$1,159,332
55$1,232,980$859,595$767,775$1,189,458
56$1,292,698$835,669$727,450$1,220,967
57$1,356,427$808,490$683,693$1,253,997
58$1,424,511$777,834$636,324$1,288,702
59$1,497,325$743,462$585,156$1,325,252
60$1,575,283$705,123$529,989$1,363,841
61$1,658,838$662,550$470,620$1,404,683
62$1,748,486$615,461$406,832$1,448,017
63$1,844,772$563,559$338,401$1,494,111
64$1,948,294$506,529$265,093$1,543,261
65$2,059,709$444,038$186,662$1,595,800
66$2,179,738$375,735$102,855$1,652,097
67$2,309,173$301,247$13,402$1,712,564
68$2,448,884$220,184$0$1,777,659
69$2,599,828$132,130$0$1,852,269
70$2,763,054$36,648$0$1,933,633
71$2,939,717$0$0$2,021,679
72$3,131,088$0$0$2,140,622
73$3,338,561$0$0$2,283,618
74$3,563,671$0$0$2,438,825
75$3,808,107$0$0$2,607,416
76$4,073,725$0$0$2,790,677
77$4,362,568$0$0$2,990,026
78$4,676,882$0$0$3,207,022
79$5,019,141$0$0$3,443,380
80$5,392,064$0$0$3,700,987
81$5,798,645$0$0$3,981,922
82$6,242,181$0$0$4,288,470
83$6,726,297$0$0$4,623,148
84$7,254,987$0$0$4,988,726
85$7,832,646$0$0$5,388,256
86$8,464,112$0$0$5,825,094
87$9,154,712$0$0$6,302,937
88$9,910,312$0$0$6,825,856
89$10,737,370$0$0$7,398,334
90$11,642,999$0$0$8,025,305
91$12,635,030$0$0$8,712,207
92$13,722,089$0$0$9,465,025
93$14,913,673$0$0$10,290,352
94$16,220,245$0$0$11,195,448
95$17,653,326$0$0$12,188,313
96$19,225,609$0$0$13,277,753
97$20,951,070$0$0$14,473,473
98$22,845,109$0$0$15,786,160
99$24,924,687$0$0$17,227,587
100$27,208,487$0$0$18,810,725