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%
1 years$73,330$72,677$72,040$71,418$70,810$69,352
2 years$36,302$35,626$34,971$34,335$33,719$32,257
3 years$23,961$23,282$22,628$21,999$21,393$19,972
4 years$17,792$17,115$16,468$15,849$15,258$13,889
5 years$14,091$13,418$12,780$12,174$11,599$10,286
6 years$11,625$10,957$10,328$9,735$9,178$7,923
7 years$9,864$9,202$8,582$8,004$7,464$6,267
8 years$8,544$7,887$7,279$6,714$6,192$5,052
9 years$7,517$6,867$6,269$5,719$5,215$4,132
10 years$6,697$6,053$5,466$4,930$4,443$3,416
11 years$6,026$5,389$4,812$4,291$3,821$2,848
12 years$5,467$4,837$4,270$3,763$3,311$2,391
13 years$4,995$4,371$3,815$3,322$2,888$2,019
14 years$4,591$3,973$3,428$2,949$2,531$1,712
15 years$4,240$3,630$3,095$2,630$2,229$1,458
16 years$3,934$3,330$2,806$2,355$1,970$1,245
17 years$3,664$3,067$2,553$2,116$1,746$1,066
18 years$3,425$2,834$2,331$1,907$1,553$914
19 years$3,211$2,626$2,134$1,723$1,384$786
20 years$3,018$2,441$1,958$1,561$1,236$677
21 years$2,844$2,273$1,801$1,416$1,106$584
22 years$2,686$2,122$1,660$1,288$992$504
23 years$2,542$1,985$1,533$1,173$890$435
24 years$2,410$1,860$1,418$1,070$800$377
25 years$2,289$1,745$1,313$977$720$326
26 years$2,178$1,640$1,218$893$649$282
27 years$2,075$1,544$1,131$818$585$245
28 years$1,979$1,454$1,051$749$528$212
29 years$1,890$1,372$978$687$476$184
30 years$1,808$1,296$911$630$430$160
31 years$1,730$1,225$850$579$389$138
32 years$1,658$1,159$793$532$352$120
33 years$1,590$1,098$740$489$319$104
34 years$1,527$1,040$691$450$288$91
35 years$1,467$987$646$414$261$79
36 years$1,410$937$605$382$237$68
37 years$1,357$890$566$352$215$59
38 years$1,307$845$530$324$195$52
39 years$1,259$804$497$299$176$45
40 years$1,214$765$465$276$160$39
41 years$1,171$728$436$254$145$34
42 years$1,131$693$409$235$132$29
43 years$1,092$661$384$217$120$26
44 years$1,055$630$361$200$108$22
45 years$1,020$600$339$185$98$19
46 years$987$573$318$171$89$17
47 years$955$547$299$158$81$15
48 years$924$522$281$146$74$13
49 years$895$498$264$135$67$11
50 years$867$476$248$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $888,000, adding $6,731 every year, while hoping to spend $43,157 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: 45/50/5 Blend
49$888,000$888,000$888,000$888,000
50$985,519$938,455$924,691$1,028,222
51$1,040,123$938,521$909,749$1,058,372
52$1,098,851$937,143$892,861$1,086,004
53$1,162,076$934,206$873,915$1,114,945
54$1,230,212$929,586$852,795$1,145,330
55$1,303,710$923,152$829,380$1,177,308
56$1,383,067$914,765$803,543$1,211,045
57$1,468,830$904,278$775,151$1,246,729
58$1,561,598$891,536$744,066$1,284,569
59$1,662,031$876,371$710,143$1,324,796
60$1,770,855$858,610$673,229$1,367,672
61$1,888,867$838,066$633,167$1,413,487
62$2,016,943$814,544$589,790$1,462,563
63$2,156,049$787,834$542,926$1,515,261
64$2,307,245$757,717$492,393$1,571,983
65$2,471,699$723,959$438,002$1,633,175
66$2,650,693$686,315$379,556$1,699,334
67$2,845,642$644,522$316,850$1,771,015
68$3,058,100$598,306$249,666$1,848,832
69$3,289,778$547,375$177,782$1,933,470
70$3,542,559$491,420$100,962$2,025,688
71$3,818,516$430,116$18,960$2,126,332
72$4,119,932$363,118$0$2,236,339
73$4,449,317$290,064$0$2,360,408
74$4,809,438$210,568$0$2,497,355
75$5,203,340$124,224$0$2,647,464
76$5,634,375$30,606$0$2,812,173
77$6,106,235$0$0$2,993,076
78$6,622,985$0$0$3,230,860
79$7,189,101$0$0$3,509,913
80$7,809,514$0$0$3,815,838
81$8,489,654$0$0$4,151,327
82$9,235,501$0$0$4,519,344
83$10,053,641$0$0$4,923,152
84$10,951,329$0$0$5,366,348
85$11,936,556$0$0$5,852,893
86$13,018,124$0$0$6,387,150
87$14,205,730$0$0$6,973,925
88$15,510,053$0$0$7,618,512
89$16,942,861$0$0$8,326,744
90$18,517,114$0$0$9,105,047
91$20,247,094$0$0$9,960,499
92$22,148,529$0$0$10,900,900
93$24,238,753$0$0$11,934,842
94$26,536,858$0$0$13,071,790
95$29,063,881$0$0$14,322,174
96$31,842,999$0$0$15,697,484
97$34,899,747$0$0$17,210,381
98$38,262,259$0$0$18,874,815
99$41,961,534$0$0$20,706,152
100$46,031,725$0$0$22,721,329