Can I retire at age 50 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$73,495$72,841$72,202$71,579$70,970$69,339
2 years$36,384$35,706$35,050$34,413$33,795$32,161
3 years$24,015$23,334$22,679$22,049$21,441$19,855
4 years$17,832$17,153$16,505$15,885$15,292$13,765
5 years$14,123$13,448$12,808$12,201$11,625$10,163
6 years$11,651$10,982$10,351$9,757$9,198$7,802
7 years$9,886$9,222$8,602$8,022$7,481$6,150
8 years$8,563$7,905$7,295$6,729$6,206$4,941
9 years$7,534$6,883$6,283$5,732$5,226$4,026
10 years$6,712$6,067$5,478$4,941$4,453$3,316
11 years$6,040$5,401$4,823$4,300$3,830$2,755
12 years$5,480$4,848$4,280$3,772$3,319$2,304
13 years$5,006$4,381$3,824$3,330$2,894$1,937
14 years$4,601$3,982$3,436$2,956$2,537$1,636
15 years$4,250$3,638$3,102$2,636$2,234$1,387
16 years$3,943$3,338$2,812$2,360$1,974$1,180
17 years$3,673$3,074$2,559$2,121$1,750$1,006
18 years$3,432$2,840$2,336$1,911$1,556$859
19 years$3,218$2,632$2,139$1,727$1,387$735
20 years$3,025$2,446$1,963$1,564$1,239$630
21 years$2,851$2,278$1,805$1,420$1,109$541
22 years$2,692$2,127$1,664$1,291$994$465
23 years$2,548$1,989$1,536$1,175$892$400
24 years$2,416$1,864$1,421$1,072$802$344
25 years$2,295$1,749$1,316$979$722$296
26 years$2,183$1,644$1,221$895$650$255
27 years$2,079$1,547$1,133$819$586$220
28 years$1,984$1,458$1,054$751$529$190
29 years$1,895$1,375$980$688$477$164
30 years$1,812$1,299$913$632$431$142
31 years$1,734$1,228$851$580$390$122
32 years$1,662$1,162$794$533$353$106
33 years$1,594$1,100$742$490$319$91
34 years$1,530$1,043$693$451$289$79
35 years$1,470$989$648$415$262$68
36 years$1,414$939$606$383$237$59
37 years$1,360$892$567$352$215$51
38 years$1,310$847$531$325$195$44
39 years$1,262$806$498$300$177$38
40 years$1,217$767$467$276$160$33
41 years$1,174$730$437$255$145$28
42 years$1,133$695$410$235$132$25
43 years$1,094$662$385$217$120$21
44 years$1,057$631$361$201$109$18
45 years$1,022$602$339$185$99$16
46 years$989$574$319$171$90$14
47 years$957$548$299$158$81$12
48 years$926$523$281$146$74$10
49 years$897$499$265$135$67$9
50 years$869$477$249$125$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $890,000, adding $5,250 every year, while hoping to spend $20,260 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: 55/33/12 Blend
49$890,000$890,000$890,000$890,000
50$986,195$939,025$925,230$1,037,129
51$1,065,231$963,481$934,669$1,096,727
52$1,151,649$988,456$943,745$1,158,928
53$1,246,181$1,013,955$952,425$1,226,181
54$1,349,633$1,039,980$960,672$1,298,970
55$1,462,892$1,066,535$968,451$1,377,831
56$1,586,935$1,093,623$975,722$1,463,350
57$1,722,837$1,121,245$982,443$1,556,176
58$1,871,783$1,149,403$988,572$1,657,023
59$2,035,078$1,178,097$994,062$1,766,674
60$2,214,159$1,207,327$998,866$1,885,995
61$2,410,608$1,237,091$1,002,933$2,015,940
62$2,626,169$1,267,388$1,006,211$2,157,556
63$2,862,763$1,298,214$1,008,643$2,312,001
64$3,122,504$1,329,565$1,010,172$2,480,548
65$3,407,722$1,361,437$1,010,735$2,664,599
66$3,720,984$1,393,822$1,010,270$2,865,700
67$4,065,118$1,426,712$1,008,707$3,085,554
68$4,443,238$1,460,099$1,005,977$3,326,036
69$4,858,775$1,493,972$1,002,004$3,589,215
70$5,315,511$1,528,317$996,712$3,877,366
71$5,817,610$1,563,121$990,019$4,192,999
72$6,369,661$1,598,369$981,839$4,538,881
73$6,976,718$1,634,040$972,082$4,918,056
74$7,644,351$1,670,117$960,655$5,333,882
75$8,378,698$1,706,575$947,460$5,790,060
76$9,186,518$1,743,391$932,393$6,290,665
77$10,075,262$1,780,535$915,347$6,840,189
78$11,053,137$1,817,980$896,209$7,443,583
79$12,129,186$1,855,690$874,861$8,106,303
80$13,313,374$1,893,630$851,180$8,834,360
81$14,616,680$1,931,759$825,036$9,634,378
82$16,051,201$1,970,036$796,295$10,513,658
83$17,630,268$2,008,412$764,815$11,480,246
84$19,368,568$2,046,836$730,449$12,543,009
85$21,282,284$2,085,254$693,041$13,711,716
86$23,389,251$2,123,605$652,432$14,997,137
87$25,709,117$2,161,824$608,451$16,411,137
88$28,263,536$2,199,843$560,923$17,966,795
89$31,076,367$2,237,585$509,664$19,678,523
90$34,173,899$2,274,970$454,481$21,562,204
91$37,585,104$2,311,911$395,174$23,635,341
92$41,341,904$2,348,314$331,532$25,917,226
93$45,479,476$2,384,079$263,336$28,429,116
94$50,036,583$2,419,098$190,357$31,194,441
95$55,055,937$2,453,257$112,357$34,239,019
96$60,584,608$2,486,432$29,086$37,591,306
97$66,674,461$2,518,490$0$41,282,660
98$73,382,652$2,549,292$0$45,355,294
99$80,772,161$2,578,686$0$49,844,111
100$88,912,391$2,606,511$0$54,787,393