Can I retire at age 50 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$73,330$72,677$72,040$71,418$70,810$69,211
2 years$36,302$35,626$34,971$34,335$33,719$32,116
3 years$23,961$23,282$22,628$21,999$21,393$19,837
4 years$17,792$17,115$16,468$15,849$15,258$13,760
5 years$14,091$13,418$12,780$12,174$11,599$10,164
6 years$11,625$10,957$10,328$9,735$9,178$7,807
7 years$9,864$9,202$8,582$8,004$7,464$6,158
8 years$8,544$7,887$7,279$6,714$6,192$4,950
9 years$7,517$6,867$6,269$5,719$5,215$4,036
10 years$6,697$6,053$5,466$4,930$4,443$3,326
11 years$6,026$5,389$4,812$4,291$3,821$2,765
12 years$5,467$4,837$4,270$3,763$3,311$2,314
13 years$4,995$4,371$3,815$3,322$2,888$1,947
14 years$4,591$3,973$3,428$2,949$2,531$1,646
15 years$4,240$3,630$3,095$2,630$2,229$1,396
16 years$3,934$3,330$2,806$2,355$1,970$1,188
17 years$3,664$3,067$2,553$2,116$1,746$1,013
18 years$3,425$2,834$2,331$1,907$1,553$866
19 years$3,211$2,626$2,134$1,723$1,384$742
20 years$3,018$2,441$1,958$1,561$1,236$637
21 years$2,844$2,273$1,801$1,416$1,106$547
22 years$2,686$2,122$1,660$1,288$992$470
23 years$2,542$1,985$1,533$1,173$890$405
24 years$2,410$1,860$1,418$1,070$800$349
25 years$2,289$1,745$1,313$977$720$301
26 years$2,178$1,640$1,218$893$649$259
27 years$2,075$1,544$1,131$818$585$224
28 years$1,979$1,454$1,051$749$528$193
29 years$1,890$1,372$978$687$476$167
30 years$1,808$1,296$911$630$430$144
31 years$1,730$1,225$850$579$389$125
32 years$1,658$1,159$793$532$352$108
33 years$1,590$1,098$740$489$319$93
34 years$1,527$1,040$691$450$288$81
35 years$1,467$987$646$414$261$70
36 years$1,410$937$605$382$237$60
37 years$1,357$890$566$352$215$52
38 years$1,307$845$530$324$195$45
39 years$1,259$804$497$299$176$39
40 years$1,214$765$465$276$160$34
41 years$1,171$728$436$254$145$29
42 years$1,131$693$409$235$132$25
43 years$1,092$661$384$217$120$22
44 years$1,055$630$361$200$108$19
45 years$1,020$600$339$185$98$16
46 years$987$573$318$171$89$14
47 years$955$547$299$158$81$12
48 years$924$522$281$146$74$11
49 years$895$498$264$135$67$9
50 years$867$476$248$124$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $888,000, adding $4,931 every year, while hoping to spend $53,361 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: 52/39/9 Blend
49$888,000$888,000$888,000$888,000
50$983,662$936,598$922,834$1,032,305
51$1,027,220$925,716$896,974$1,055,057
52$1,073,433$912,512$868,458$1,073,619
53$1,122,514$896,816$837,143$1,092,549
54$1,174,698$878,448$802,875$1,111,894
55$1,230,243$857,218$765,497$1,131,709
56$1,289,429$832,922$724,842$1,152,055
57$1,352,563$805,348$680,736$1,173,007
58$1,419,982$774,268$632,999$1,194,648
59$1,492,056$739,443$581,440$1,217,073
60$1,569,190$700,620$525,863$1,240,394
61$1,651,827$657,530$466,059$1,264,735
62$1,740,455$609,890$401,813$1,290,239
63$1,835,606$557,400$332,899$1,317,070
64$1,937,869$499,743$259,082$1,345,411
65$2,047,885$436,584$180,115$1,375,473
66$2,166,363$367,570$95,742$1,407,490
67$2,294,077$292,327$5,695$1,441,731
68$2,431,881$210,458$0$1,478,496
69$2,580,711$121,549$0$1,526,806
70$2,741,596$25,157$0$1,579,509
71$2,915,667$0$0$1,636,515
72$3,104,168$0$0$1,732,318
73$3,308,466$0$0$1,847,924
74$3,530,064$0$0$1,973,398
75$3,770,615$0$0$2,109,685
76$4,031,937$0$0$2,257,826
77$4,316,031$0$0$2,418,965
78$4,625,097$0$0$2,594,362
79$4,961,556$0$0$2,785,402
80$5,328,072$0$0$2,993,611
81$5,727,576$0$0$3,220,666
82$6,163,295$0$0$3,468,414
83$6,638,780$0$0$3,738,888
84$7,157,939$0$0$4,034,327
85$7,725,076$0$0$4,357,194
86$8,344,926$0$0$4,710,202
87$9,022,707$0$0$5,096,336
88$9,764,158$0$0$5,518,885
89$10,575,604$0$0$5,981,470
90$11,464,005$0$0$6,488,078
91$12,437,028$0$0$7,043,100
92$13,503,116$0$0$7,651,371
93$14,671,567$0$0$8,318,217
94$15,952,620$0$0$9,049,502
95$17,357,554$0$0$9,851,688
96$18,898,792$0$0$10,731,890
97$20,590,014$0$0$11,697,945
98$22,446,293$0$0$12,758,487
99$24,484,229$0$0$13,923,026
100$26,722,110$0$0$15,202,038