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%11.5%
1 years$73,330$72,677$72,040$71,418$70,810$70,364
2 years$36,302$35,626$34,971$34,335$33,719$33,269
3 years$23,961$23,282$22,628$21,999$21,393$20,953
4 years$17,792$17,115$16,468$15,849$15,258$14,831
5 years$14,091$13,418$12,780$12,174$11,599$11,187
6 years$11,625$10,957$10,328$9,735$9,178$8,781
7 years$9,864$9,202$8,582$8,004$7,464$7,083
8 years$8,544$7,887$7,279$6,714$6,192$5,826
9 years$7,517$6,867$6,269$5,719$5,215$4,864
10 years$6,697$6,053$5,466$4,930$4,443$4,108
11 years$6,026$5,389$4,812$4,291$3,821$3,501
12 years$5,467$4,837$4,270$3,763$3,311$3,006
13 years$4,995$4,371$3,815$3,322$2,888$2,596
14 years$4,591$3,973$3,428$2,949$2,531$2,254
15 years$4,240$3,630$3,095$2,630$2,229$1,965
16 years$3,934$3,330$2,806$2,355$1,970$1,719
17 years$3,664$3,067$2,553$2,116$1,746$1,509
18 years$3,425$2,834$2,331$1,907$1,553$1,328
19 years$3,211$2,626$2,134$1,723$1,384$1,171
20 years$3,018$2,441$1,958$1,561$1,236$1,035
21 years$2,844$2,273$1,801$1,416$1,106$916
22 years$2,686$2,122$1,660$1,288$992$812
23 years$2,542$1,985$1,533$1,173$890$721
24 years$2,410$1,860$1,418$1,070$800$641
25 years$2,289$1,745$1,313$977$720$570
26 years$2,178$1,640$1,218$893$649$507
27 years$2,075$1,544$1,131$818$585$452
28 years$1,979$1,454$1,051$749$528$403
29 years$1,890$1,372$978$687$476$360
30 years$1,808$1,296$911$630$430$321
31 years$1,730$1,225$850$579$389$287
32 years$1,658$1,159$793$532$352$256
33 years$1,590$1,098$740$489$319$229
34 years$1,527$1,040$691$450$288$205
35 years$1,467$987$646$414$261$183
36 years$1,410$937$605$382$237$164
37 years$1,357$890$566$352$215$147
38 years$1,307$845$530$324$195$131
39 years$1,259$804$497$299$176$118
40 years$1,214$765$465$276$160$105
41 years$1,171$728$436$254$145$94
42 years$1,131$693$409$235$132$85
43 years$1,092$661$384$217$120$76
44 years$1,055$630$361$200$108$68
45 years$1,020$600$339$185$98$61
46 years$987$573$318$171$89$54
47 years$955$547$299$158$81$49
48 years$924$522$281$146$74$44
49 years$895$498$264$135$67$39
50 years$867$476$248$124$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $888,000, adding $5,530 every year, while hoping to spend $32,397 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: 87/5/8 Blend
49$888,000$888,000$888,000$888,000
50$984,280$937,216$923,452$1,068,641
51$1,050,207$948,670$919,918$1,135,927
52$1,121,772$959,598$915,179$1,204,823
53$1,199,516$969,943$909,161$1,279,510
54$1,284,036$979,639$901,787$1,360,550
55$1,375,985$988,618$892,974$1,448,559
56$1,476,083$996,808$882,636$1,544,217
57$1,585,123$1,004,132$870,685$1,648,273
58$1,703,978$1,010,506$857,025$1,761,552
59$1,833,606$1,015,844$841,558$1,884,960
60$1,975,065$1,020,051$824,181$2,019,497
61$2,129,518$1,023,030$804,787$2,166,264
62$2,298,244$1,024,674$783,263$2,326,474
63$2,482,653$1,024,871$759,490$2,501,463
64$2,684,296$1,023,502$733,346$2,692,701
65$2,904,882$1,020,441$704,701$2,901,809
66$3,146,292$1,015,554$673,420$3,130,572
67$3,410,596$1,008,699$639,362$3,380,958
68$3,700,076$999,724$602,379$3,655,133
69$4,017,243$988,470$562,318$3,955,484
70$4,364,863$974,767$519,018$4,284,641
71$4,745,984$958,435$472,309$4,645,502
72$5,163,960$939,284$422,017$5,041,259
73$5,622,486$917,111$367,957$5,475,430
74$6,125,635$891,705$309,939$5,951,890
75$6,677,888$862,837$247,760$6,474,910
76$7,284,186$830,269$181,213$7,049,197
77$7,949,968$793,747$110,079$7,679,933
78$8,681,228$753,004$34,130$8,372,833
79$9,484,569$707,757$0$9,134,193
80$10,367,262$657,704$0$9,974,953
81$11,337,321$602,530$0$10,902,124
82$12,403,573$541,899$0$11,921,233
83$13,575,742$475,457$0$13,041,585
84$14,864,544$402,830$0$14,273,434
85$16,281,781$323,623$0$15,628,076
86$17,840,461$237,418$0$17,117,958
87$19,554,910$143,774$0$18,756,793
88$21,440,917$42,225$0$20,559,695
89$23,515,876$0$0$22,543,313
90$25,798,953$0$0$24,729,721
91$28,311,263$0$0$27,138,223
92$31,076,075$0$0$29,788,804
93$34,119,026$0$0$32,706,043
94$37,468,363$0$0$35,917,021
95$41,155,212$0$0$39,451,581
96$45,213,869$0$0$43,342,602
97$49,682,125$0$0$47,626,318
98$54,601,622$0$0$52,342,649
99$60,018,243$0$0$57,535,588
100$65,982,547$0$0$63,253,606