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%19.2%
1 years$73,413$72,759$72,121$71,498$70,890$68,266
2 years$36,343$35,666$35,010$34,374$33,757$31,143
3 years$23,988$23,308$22,654$22,024$21,417$18,895
4 years$17,812$17,134$16,486$15,867$15,275$12,865
5 years$14,107$13,433$12,794$12,187$11,612$9,319
6 years$11,638$10,969$10,339$9,746$9,188$7,015
7 years$9,875$9,212$8,592$8,013$7,472$5,418
8 years$8,553$7,896$7,287$6,722$6,199$4,261
9 years$7,526$6,875$6,276$5,726$5,220$3,397
10 years$6,705$6,060$5,472$4,935$4,448$2,736
11 years$6,033$5,395$4,817$4,295$3,825$2,220
12 years$5,474$4,842$4,275$3,768$3,315$1,813
13 years$5,001$4,376$3,820$3,326$2,891$1,488
14 years$4,596$3,978$3,432$2,953$2,534$1,226
15 years$4,245$3,634$3,099$2,633$2,231$1,013
16 years$3,939$3,334$2,809$2,358$1,972$840
17 years$3,668$3,070$2,556$2,118$1,748$697
18 years$3,429$2,837$2,334$1,909$1,555$580
19 years$3,214$2,629$2,136$1,725$1,386$483
20 years$3,021$2,443$1,961$1,562$1,238$403
21 years$2,847$2,276$1,803$1,418$1,108$336
22 years$2,689$2,124$1,662$1,289$993$281
23 years$2,545$1,987$1,535$1,174$891$235
24 years$2,413$1,862$1,419$1,071$801$196
25 years$2,292$1,747$1,315$978$721$164
26 years$2,180$1,642$1,219$894$649$138
27 years$2,077$1,545$1,132$819$585$115
28 years$1,981$1,456$1,052$750$528$97
29 years$1,892$1,374$979$688$477$81
30 years$1,810$1,297$912$631$431$68
31 years$1,732$1,226$850$580$390$57
32 years$1,660$1,160$793$533$352$48
33 years$1,592$1,099$741$490$319$40
34 years$1,528$1,042$692$451$289$34
35 years$1,468$988$647$415$262$28
36 years$1,412$938$605$382$237$24
37 years$1,359$891$567$352$215$20
38 years$1,308$846$531$325$195$17
39 years$1,261$805$497$299$177$14
40 years$1,215$766$466$276$160$12
41 years$1,173$729$437$255$145$10
42 years$1,132$694$410$235$132$8
43 years$1,093$661$385$217$120$7
44 years$1,056$630$361$200$109$6
45 years$1,021$601$339$185$99$5
46 years$988$573$318$171$90$4
47 years$956$547$299$158$81$3
48 years$925$522$281$146$74$3
49 years$896$499$264$135$67$2
50 years$868$477$248$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $889,000, adding $6,916 every year, while hoping to spend $37,013 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: 67/20/13 Blend
49$889,000$889,000$889,000$889,000
50$986,812$939,695$925,915$1,049,563
51$1,048,085$946,358$917,552$1,098,916
52$1,114,368$952,108$907,668$1,147,835
53$1,186,132$956,859$896,173$1,200,380
54$1,263,895$960,524$882,973$1,256,900
55$1,348,230$963,007$867,970$1,317,785
56$1,439,762$964,207$851,060$1,383,462
57$1,539,181$964,017$832,134$1,454,405
58$1,647,248$962,323$811,080$1,531,133
59$1,764,795$959,006$787,780$1,614,224
60$1,892,743$953,935$762,109$1,704,312
61$2,032,102$946,977$733,938$1,802,096
62$2,183,983$937,986$703,132$1,908,351
63$2,349,612$926,809$669,550$2,023,928
64$2,530,334$913,285$633,042$2,149,769
65$2,727,634$897,242$593,455$2,286,912
66$2,943,144$878,498$550,626$2,436,502
67$3,178,660$856,860$504,388$2,599,804
68$3,436,161$832,124$454,562$2,778,212
69$3,717,826$804,074$400,966$2,973,264
70$4,026,052$772,482$343,407$3,186,657
71$4,363,481$737,105$281,683$3,420,264
72$4,733,022$697,689$215,585$3,676,150
73$5,137,876$653,962$144,893$3,956,595
74$5,581,571$605,637$69,378$4,264,111
75$6,067,991$552,414$0$4,601,471
76$6,601,415$493,971$0$4,973,289
77$7,186,554$429,970$0$5,391,754
78$7,828,599$360,055$0$5,850,989
79$8,533,267$283,849$0$6,355,137
80$9,306,855$200,952$0$6,908,763
81$10,156,299$110,943$0$7,516,899
82$11,089,241$13,379$0$8,185,096
83$12,114,099$0$0$8,919,468
84$13,240,145$0$0$9,747,053
85$14,477,596$0$0$10,659,809
86$15,837,707$0$0$11,663,101
87$17,332,875$0$0$12,766,083
88$18,976,762$0$0$13,978,839
89$20,784,417$0$0$15,312,481
90$22,772,422$0$0$16,779,249
91$24,959,045$0$0$18,392,632
92$27,364,414$0$0$20,167,491
93$30,010,707$0$0$22,120,197
94$32,922,358$0$0$24,268,791
95$36,126,290$0$0$26,633,151
96$39,652,168$0$0$29,235,177
97$43,532,676$0$0$32,099,001
98$47,803,830$0$0$35,251,213
99$52,505,313$0$0$38,721,111
100$57,680,849$0$0$42,540,978