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%12.9%
1 years$73,413$72,759$72,121$71,498$70,890$70,033
2 years$36,343$35,666$35,010$34,374$33,757$32,895
3 years$23,988$23,308$22,654$22,024$21,417$20,576
4 years$17,812$17,134$16,486$15,867$15,275$14,462
5 years$14,107$13,433$12,794$12,187$11,612$10,829
6 years$11,638$10,969$10,339$9,746$9,188$8,436
7 years$9,875$9,212$8,592$8,013$7,472$6,752
8 years$8,553$7,896$7,287$6,722$6,199$5,510
9 years$7,526$6,875$6,276$5,726$5,220$4,562
10 years$6,705$6,060$5,472$4,935$4,448$3,821
11 years$6,033$5,395$4,817$4,295$3,825$3,228
12 years$5,474$4,842$4,275$3,768$3,315$2,747
13 years$5,001$4,376$3,820$3,326$2,891$2,351
14 years$4,596$3,978$3,432$2,953$2,534$2,023
15 years$4,245$3,634$3,099$2,633$2,231$1,747
16 years$3,939$3,334$2,809$2,358$1,972$1,514
17 years$3,668$3,070$2,556$2,118$1,748$1,316
18 years$3,429$2,837$2,334$1,909$1,555$1,146
19 years$3,214$2,629$2,136$1,725$1,386$1,001
20 years$3,021$2,443$1,961$1,562$1,238$875
21 years$2,847$2,276$1,803$1,418$1,108$767
22 years$2,689$2,124$1,662$1,289$993$673
23 years$2,545$1,987$1,535$1,174$891$591
24 years$2,413$1,862$1,419$1,071$801$519
25 years$2,292$1,747$1,315$978$721$457
26 years$2,180$1,642$1,219$894$649$403
27 years$2,077$1,545$1,132$819$585$355
28 years$1,981$1,456$1,052$750$528$313
29 years$1,892$1,374$979$688$477$276
30 years$1,810$1,297$912$631$431$244
31 years$1,732$1,226$850$580$390$215
32 years$1,660$1,160$793$533$352$190
33 years$1,592$1,099$741$490$319$168
34 years$1,528$1,042$692$451$289$148
35 years$1,468$988$647$415$262$131
36 years$1,412$938$605$382$237$116
37 years$1,359$891$567$352$215$103
38 years$1,308$846$531$325$195$91
39 years$1,261$805$497$299$177$80
40 years$1,215$766$466$276$160$71
41 years$1,173$729$437$255$145$63
42 years$1,132$694$410$235$132$56
43 years$1,093$661$385$217$120$49
44 years$1,056$630$361$200$109$44
45 years$1,021$601$339$185$99$39
46 years$988$573$318$171$90$34
47 years$956$547$299$158$81$30
48 years$925$522$281$146$74$27
49 years$896$499$264$135$67$24
50 years$868$477$248$125$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $889,000, adding $2,723 every year, while hoping to spend $27,710 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: 63/7/30 Blend
49$889,000$889,000$889,000$889,000
50$982,487$935,370$921,590$1,036,306
51$1,053,217$951,720$922,980$1,089,553
52$1,130,233$967,942$923,488$1,144,444
53$1,214,147$984,001$923,055$1,203,821
54$1,305,632$999,859$921,619$1,268,132
55$1,405,429$1,015,475$919,116$1,337,866
56$1,514,354$1,030,804$915,478$1,413,568
57$1,633,305$1,045,801$910,633$1,495,834
58$1,763,271$1,060,413$904,508$1,585,325
59$1,905,338$1,074,587$897,023$1,682,767
60$2,060,707$1,088,266$888,097$1,788,962
61$2,230,695$1,101,387$877,644$1,904,796
62$2,416,756$1,113,885$865,575$2,031,245
63$2,620,488$1,125,689$851,795$2,169,384
64$2,843,654$1,136,724$836,207$2,320,401
65$3,088,193$1,146,909$818,706$2,485,604
66$3,356,241$1,156,160$799,185$2,666,437
67$3,650,151$1,164,385$777,531$2,864,493
68$3,972,514$1,171,488$753,626$3,081,525
69$4,326,186$1,177,366$727,347$3,319,471
70$4,714,308$1,181,909$698,565$3,580,465
71$5,140,345$1,184,999$667,144$3,866,860
72$5,608,111$1,186,515$632,944$4,181,253
73$6,121,807$1,186,323$595,817$4,526,505
74$6,686,063$1,184,285$555,609$4,905,772
75$7,305,978$1,180,251$512,158$5,322,534
76$7,987,169$1,174,065$465,297$5,780,626
77$8,735,825$1,165,559$414,849$6,284,279
78$9,558,764$1,154,556$360,631$6,838,156
79$10,463,497$1,140,869$302,451$7,447,399
80$11,458,300$1,124,297$240,109$8,117,677
81$12,552,290$1,104,631$173,396$8,855,239
82$13,755,511$1,081,646$102,093$9,666,975
83$15,079,033$1,055,106$25,972$10,560,482
84$16,535,047$1,024,759$0$11,544,132
85$18,136,991$990,342$0$12,644,848
86$19,899,668$951,572$0$13,865,137
87$21,839,387$908,152$0$15,207,980
88$23,974,122$859,768$0$16,685,829
89$26,323,673$806,088$0$18,312,407
90$28,909,861$746,760$0$20,102,836
91$31,756,727$681,411$0$22,073,780
92$34,890,762$609,649$0$24,243,599
93$38,341,157$531,059$0$26,632,530
94$42,140,075$445,201$0$29,262,869
95$46,322,958$351,611$0$32,159,186
96$50,928,861$249,801$0$35,348,560
97$56,000,815$139,252$0$38,860,826
98$61,586,242$19,418$0$42,728,866
99$67,737,392$0$0$46,988,913
100$74,511,844$0$0$51,689,390