Can I retire at age 50 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$73,413$72,759$72,121$71,498$70,890$70,179
2 years$36,343$35,666$35,010$34,374$33,757$33,041
3 years$23,988$23,308$22,654$22,024$21,417$20,718
4 years$17,812$17,134$16,486$15,867$15,275$14,598
5 years$14,107$13,433$12,794$12,187$11,612$10,959
6 years$11,638$10,969$10,339$9,746$9,188$8,561
7 years$9,875$9,212$8,592$8,013$7,472$6,871
8 years$8,553$7,896$7,287$6,722$6,199$5,623
9 years$7,526$6,875$6,276$5,726$5,220$4,670
10 years$6,705$6,060$5,472$4,935$4,448$3,922
11 years$6,033$5,395$4,817$4,295$3,825$3,324
12 years$5,474$4,842$4,275$3,768$3,315$2,838
13 years$5,001$4,376$3,820$3,326$2,891$2,437
14 years$4,596$3,978$3,432$2,953$2,534$2,103
15 years$4,245$3,634$3,099$2,633$2,231$1,823
16 years$3,939$3,334$2,809$2,358$1,972$1,585
17 years$3,668$3,070$2,556$2,118$1,748$1,382
18 years$3,429$2,837$2,334$1,909$1,555$1,209
19 years$3,214$2,629$2,136$1,725$1,386$1,059
20 years$3,021$2,443$1,961$1,562$1,238$930
21 years$2,847$2,276$1,803$1,418$1,108$818
22 years$2,689$2,124$1,662$1,289$993$720
23 years$2,545$1,987$1,535$1,174$891$635
24 years$2,413$1,862$1,419$1,071$801$560
25 years$2,292$1,747$1,315$978$721$495
26 years$2,180$1,642$1,219$894$649$438
27 years$2,077$1,545$1,132$819$585$387
28 years$1,981$1,456$1,052$750$528$343
29 years$1,892$1,374$979$688$477$304
30 years$1,810$1,297$912$631$431$269
31 years$1,732$1,226$850$580$390$239
32 years$1,660$1,160$793$533$352$212
33 years$1,592$1,099$741$490$319$188
34 years$1,528$1,042$692$451$289$167
35 years$1,468$988$647$415$262$148
36 years$1,412$938$605$382$237$131
37 years$1,359$891$567$352$215$117
38 years$1,308$846$531$325$195$104
39 years$1,261$805$497$299$177$92
40 years$1,215$766$466$276$160$82
41 years$1,173$729$437$255$145$73
42 years$1,132$694$410$235$132$65
43 years$1,093$661$385$217$120$57
44 years$1,056$630$361$200$109$51
45 years$1,021$601$339$185$99$45
46 years$988$573$318$171$90$40
47 years$956$547$299$158$81$36
48 years$925$522$281$146$74$32
49 years$896$499$264$135$67$28
50 years$868$477$248$125$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $889,000, adding $4,885 every year, while hoping to spend $21,755 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: 42/28/30 Blend
49$889,000$889,000$889,000$889,000
50$984,717$937,600$923,820$1,017,253
51$1,062,011$960,395$931,621$1,064,019
52$1,146,460$983,578$938,954$1,112,237
53$1,238,770$1,007,145$945,781$1,164,051
54$1,339,721$1,031,091$952,060$1,219,807
55$1,450,168$1,055,410$957,750$1,279,886
56$1,571,055$1,080,095$962,805$1,344,711
57$1,703,421$1,105,139$967,177$1,414,743
58$1,848,411$1,130,531$970,818$1,490,496
59$2,007,283$1,156,262$973,675$1,572,532
60$2,181,426$1,182,318$975,693$1,661,474
61$2,372,367$1,208,688$976,815$1,758,006
62$2,581,791$1,235,356$976,980$1,862,886
63$2,811,550$1,262,304$976,126$1,976,947
64$3,063,686$1,289,516$974,184$2,101,106
65$3,340,450$1,316,969$971,087$2,236,379
66$3,644,317$1,344,642$966,760$2,383,883
67$3,978,018$1,372,511$961,127$2,544,849
68$4,344,559$1,400,547$954,107$2,720,637
69$4,747,251$1,428,721$945,618$2,912,745
70$5,189,745$1,457,002$935,569$3,122,825
71$5,676,057$1,485,354$923,870$3,352,697
72$6,210,619$1,513,739$910,423$3,604,372
73$6,798,306$1,542,117$895,127$3,880,063
74$7,444,496$1,570,443$877,875$4,182,213
75$8,155,109$1,598,669$858,558$4,513,513
76$8,936,669$1,626,743$837,060$4,876,933
77$9,796,365$1,654,610$813,257$5,275,745
78$10,742,118$1,682,209$787,024$5,713,559
79$11,782,652$1,709,475$758,228$6,194,353
80$12,927,584$1,736,341$726,730$6,722,513
81$14,187,506$1,762,730$692,384$7,302,877
82$15,574,091$1,788,564$655,038$7,940,776
83$17,100,201$1,813,756$614,535$8,642,090
84$18,780,007$1,838,216$570,708$9,413,298
85$20,629,125$1,861,845$523,383$10,261,546
86$22,664,759$1,884,539$472,380$11,194,711
87$24,905,869$1,906,186$417,509$12,221,475
88$27,373,346$1,926,667$358,574$13,351,413
89$30,090,208$1,945,855$295,367$14,595,077
90$33,081,821$1,963,613$227,673$15,964,101
91$36,376,134$1,979,798$155,268$17,471,308
92$40,003,946$1,994,254$77,916$19,130,835
93$43,999,194$2,006,818$0$20,958,267
94$48,399,276$2,017,316$0$22,972,264
95$53,245,399$2,025,561$0$25,216,992
96$58,582,972$2,031,357$0$27,688,442
97$64,462,034$2,034,492$0$30,409,711
98$70,937,724$2,034,744$0$33,406,254
99$78,070,802$2,031,877$0$36,706,123
100$85,928,222$2,025,638$0$40,340,232