Can I retire at age 50 with 887,000?

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 $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%19.8%
1 years$73,248$72,595$71,959$71,337$70,731$67,951
2 years$36,261$35,586$34,931$34,297$33,681$30,915
3 years$23,934$23,256$22,603$21,974$21,369$18,703
4 years$17,772$17,095$16,449$15,831$15,240$12,695
5 years$14,075$13,403$12,765$12,160$11,585$9,167
6 years$11,612$10,945$10,316$9,724$9,167$6,878
7 years$9,853$9,191$8,573$7,995$7,455$5,294
8 years$8,534$7,879$7,270$6,707$6,185$4,149
9 years$7,509$6,860$6,262$5,713$5,209$3,295
10 years$6,689$6,047$5,459$4,924$4,438$2,644
11 years$6,019$5,383$4,806$4,286$3,817$2,137
12 years$5,461$4,831$4,265$3,759$3,308$1,738
13 years$4,990$4,366$3,811$3,319$2,884$1,421
14 years$4,585$3,969$3,424$2,946$2,528$1,166
15 years$4,236$3,625$3,092$2,627$2,226$959
16 years$3,930$3,326$2,803$2,352$1,967$791
17 years$3,660$3,063$2,551$2,114$1,745$654
18 years$3,421$2,831$2,328$1,905$1,551$542
19 years$3,207$2,623$2,131$1,721$1,383$449
20 years$3,015$2,438$1,956$1,559$1,235$373
21 years$2,841$2,271$1,799$1,415$1,105$310
22 years$2,683$2,120$1,658$1,286$991$258
23 years$2,539$1,983$1,531$1,172$889$214
24 years$2,408$1,857$1,416$1,068$799$178
25 years$2,287$1,743$1,312$976$719$149
26 years$2,175$1,638$1,216$892$648$124
27 years$2,072$1,542$1,130$817$584$103
28 years$1,977$1,453$1,050$748$527$86
29 years$1,888$1,371$977$686$476$72
30 years$1,806$1,294$910$630$430$60
31 years$1,728$1,224$849$578$389$50
32 years$1,656$1,158$792$532$352$42
33 years$1,588$1,096$739$489$318$35
34 years$1,525$1,039$691$450$288$29
35 years$1,465$986$646$414$261$24
36 years$1,409$936$604$381$236$20
37 years$1,356$889$565$351$214$17
38 years$1,305$844$529$324$194$14
39 years$1,258$803$496$299$176$12
40 years$1,213$764$465$275$160$10
41 years$1,170$727$436$254$145$8
42 years$1,129$693$409$234$132$7
43 years$1,091$660$384$216$119$6
44 years$1,054$629$360$200$108$5
45 years$1,019$600$338$185$98$4
46 years$985$572$318$170$89$3
47 years$954$546$298$158$81$3
48 years$923$521$280$146$74$2
49 years$894$498$264$135$67$2
50 years$866$476$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $887,000, adding $4,121 every year, while hoping to spend $32,260 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: 74/10/16 Blend
49$887,000$887,000$887,000$887,000
50$981,725$934,714$920,965$1,050,555
51$1,047,536$946,190$917,493$1,108,160
52$1,118,979$957,148$912,824$1,166,890
53$1,196,594$967,527$906,882$1,230,386
54$1,280,976$977,265$899,592$1,299,112
55$1,372,777$986,293$890,870$1,373,581
56$1,472,719$994,539$880,632$1,454,358
57$1,581,592$1,001,927$868,789$1,542,066
58$1,700,267$1,008,375$855,246$1,637,392
59$1,829,704$1,013,795$839,907$1,741,093
60$1,970,958$1,018,095$822,668$1,854,002
61$2,125,190$1,021,176$803,422$1,977,038
62$2,293,680$1,022,934$782,057$2,111,216
63$2,477,835$1,023,258$758,455$2,257,652
64$2,679,205$1,022,028$732,494$2,417,578
65$2,899,496$1,019,120$704,045$2,592,351
66$3,140,588$1,014,401$672,975$2,783,467
67$3,404,550$1,007,728$639,141$2,992,575
68$3,693,660$998,953$602,398$3,221,495
69$4,010,428$987,915$562,593$3,472,229
70$4,357,616$974,448$519,564$3,746,989
71$4,738,268$958,371$473,145$4,048,208
72$5,155,737$939,497$423,160$4,378,572
73$5,613,713$917,623$369,428$4,741,040
74$6,116,264$892,539$311,755$5,138,876
75$6,667,868$864,019$249,945$5,575,675
76$7,273,460$831,825$183,788$6,055,401
77$7,938,475$795,706$113,066$6,582,426
78$8,668,900$755,396$37,554$7,161,565
79$9,471,330$710,613$0$7,798,129
80$10,353,031$661,059$0$8,505,317
81$11,322,008$606,418$0$9,289,555
82$12,387,079$546,359$0$10,151,581
83$13,557,960$480,529$0$11,099,280
84$14,845,353$408,557$0$12,141,341
85$16,261,052$330,049$0$13,287,340
86$17,818,049$244,590$0$14,547,828
87$19,530,657$151,743$0$15,934,431
88$21,414,650$51,043$0$17,459,963
89$23,487,403$0$0$19,138,543
90$25,768,064$0$0$20,992,111
91$28,277,728$0$0$23,038,023
92$31,039,639$0$0$25,289,617
93$34,079,410$0$0$27,767,777
94$37,425,259$0$0$30,495,516
95$41,108,282$0$0$33,498,191
96$45,162,741$0$0$36,803,740
97$49,626,389$0$0$40,442,950
98$54,540,827$0$0$44,449,745
99$59,951,892$0$0$48,861,504
100$65,910,095$0$0$53,719,415