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%13%
1 years$73,330$72,677$72,040$71,418$70,810$69,926
2 years$36,302$35,626$34,971$34,335$33,719$32,829
3 years$23,961$23,282$22,628$21,999$21,393$20,525
4 years$17,792$17,115$16,468$15,849$15,258$14,418
5 years$14,091$13,418$12,780$12,174$11,599$10,791
6 years$11,625$10,957$10,328$9,735$9,178$8,402
7 years$9,864$9,202$8,582$8,004$7,464$6,721
8 years$8,544$7,887$7,279$6,714$6,192$5,481
9 years$7,517$6,867$6,269$5,719$5,215$4,536
10 years$6,697$6,053$5,466$4,930$4,443$3,796
11 years$6,026$5,389$4,812$4,291$3,821$3,205
12 years$5,467$4,837$4,270$3,763$3,311$2,726
13 years$4,995$4,371$3,815$3,322$2,888$2,332
14 years$4,591$3,973$3,428$2,949$2,531$2,005
15 years$4,240$3,630$3,095$2,630$2,229$1,730
16 years$3,934$3,330$2,806$2,355$1,970$1,498
17 years$3,664$3,067$2,553$2,116$1,746$1,301
18 years$3,425$2,834$2,331$1,907$1,553$1,133
19 years$3,211$2,626$2,134$1,723$1,384$988
20 years$3,018$2,441$1,958$1,561$1,236$864
21 years$2,844$2,273$1,801$1,416$1,106$756
22 years$2,686$2,122$1,660$1,288$992$663
23 years$2,542$1,985$1,533$1,173$890$582
24 years$2,410$1,860$1,418$1,070$800$511
25 years$2,289$1,745$1,313$977$720$449
26 years$2,178$1,640$1,218$893$649$395
27 years$2,075$1,544$1,131$818$585$348
28 years$1,979$1,454$1,051$749$528$307
29 years$1,890$1,372$978$687$476$270
30 years$1,808$1,296$911$630$430$238
31 years$1,730$1,225$850$579$389$210
32 years$1,658$1,159$793$532$352$186
33 years$1,590$1,098$740$489$319$164
34 years$1,527$1,040$691$450$288$145
35 years$1,467$987$646$414$261$128
36 years$1,410$937$605$382$237$113
37 years$1,357$890$566$352$215$100
38 years$1,307$845$530$324$195$88
39 years$1,259$804$497$299$176$78
40 years$1,214$765$465$276$160$69
41 years$1,171$728$436$254$145$61
42 years$1,131$693$409$235$132$54
43 years$1,092$661$384$217$120$48
44 years$1,055$630$361$200$108$42
45 years$1,020$600$339$185$98$37
46 years$987$573$318$171$89$33
47 years$955$547$299$158$81$29
48 years$924$522$281$146$74$26
49 years$895$498$264$135$67$23
50 years$867$476$248$124$61$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $888,000, adding $4,173 every year, while hoping to spend $42,136 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: 39/49/12 Blend
49$888,000$888,000$888,000$888,000
50$982,880$935,816$922,052$1,017,502
51$1,038,302$936,839$908,109$1,043,450
52$1,097,964$936,500$892,286$1,067,050
53$1,162,255$934,687$874,476$1,091,640
54$1,231,601$931,283$854,567$1,117,326
55$1,306,471$926,162$832,441$1,144,232
56$1,387,378$919,191$807,976$1,172,496
57$1,474,889$910,230$781,041$1,202,272
58$1,569,625$899,128$751,503$1,233,733
59$1,672,269$885,728$719,221$1,267,075
60$1,783,574$869,861$684,048$1,302,516
61$1,904,364$851,351$645,829$1,340,302
62$2,035,549$830,007$604,405$1,380,705
63$2,178,129$805,631$559,606$1,424,032
64$2,333,203$778,011$511,258$1,470,626
65$2,501,981$746,925$459,176$1,520,868
66$2,685,794$712,136$403,170$1,575,187
67$2,886,107$673,393$343,038$1,634,059
68$3,104,533$630,432$278,573$1,698,014
69$3,342,846$582,973$209,555$1,767,644
70$3,602,998$530,721$135,757$1,843,609
71$3,887,141$473,363$56,942$1,926,643
72$4,197,639$410,568$0$2,017,563
73$4,537,100$341,988$0$2,120,754
74$4,908,392$267,253$0$2,241,757
75$5,314,674$185,974$0$2,374,428
76$5,759,424$97,740$0$2,520,053
77$6,246,472$2,116$0$2,680,052
78$6,780,035$0$0$2,856,003
79$7,364,760$0$0$3,104,305
80$8,005,761$0$0$3,377,875
81$8,708,673$0$0$3,677,993
82$9,479,700$0$0$4,007,323
83$10,325,679$0$0$4,368,802
84$11,254,138$0$0$4,765,663
85$12,273,370$0$0$5,201,467
86$13,392,510$0$0$5,680,140
87$14,621,621$0$0$6,206,002
88$15,971,787$0$0$6,783,818
89$17,455,222$0$0$7,418,831
90$19,085,378$0$0$8,116,823
91$20,877,076$0$0$8,884,160
92$22,846,644$0$0$9,727,856
93$25,012,072$0$0$10,655,642
94$27,393,178$0$0$11,676,031
95$30,011,798$0$0$12,798,406
96$32,891,990$0$0$14,033,103
97$36,060,259$0$0$15,391,510
98$39,545,810$0$0$16,886,177
99$43,380,821$0$0$18,530,928
100$47,600,744$0$0$20,340,999