Can I retire at age 50 with 890,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$73,495$72,841$72,202$71,579$70,970$68,698
2 years$36,384$35,706$35,050$34,413$33,795$31,527
3 years$24,015$23,334$22,679$22,049$21,441$19,248
4 years$17,832$17,153$16,505$15,885$15,292$13,191
5 years$14,123$13,448$12,808$12,201$11,625$9,621
6 years$11,651$10,982$10,351$9,757$9,198$7,294
7 years$9,886$9,222$8,602$8,022$7,481$5,676
8 years$8,563$7,905$7,295$6,729$6,206$4,499
9 years$7,534$6,883$6,283$5,732$5,226$3,615
10 years$6,712$6,067$5,478$4,941$4,453$2,935
11 years$6,040$5,401$4,823$4,300$3,830$2,402
12 years$5,480$4,848$4,280$3,772$3,319$1,979
13 years$5,006$4,381$3,824$3,330$2,894$1,638
14 years$4,601$3,982$3,436$2,956$2,537$1,362
15 years$4,250$3,638$3,102$2,636$2,234$1,136
16 years$3,943$3,338$2,812$2,360$1,974$950
17 years$3,673$3,074$2,559$2,121$1,750$797
18 years$3,432$2,840$2,336$1,911$1,556$669
19 years$3,218$2,632$2,139$1,727$1,387$563
20 years$3,025$2,446$1,963$1,564$1,239$474
21 years$2,851$2,278$1,805$1,420$1,109$400
22 years$2,692$2,127$1,664$1,291$994$337
23 years$2,548$1,989$1,536$1,175$892$285
24 years$2,416$1,864$1,421$1,072$802$241
25 years$2,295$1,749$1,316$979$722$204
26 years$2,183$1,644$1,221$895$650$172
27 years$2,079$1,547$1,133$819$586$146
28 years$1,984$1,458$1,054$751$529$124
29 years$1,895$1,375$980$688$477$105
30 years$1,812$1,299$913$632$431$89
31 years$1,734$1,228$851$580$390$75
32 years$1,662$1,162$794$533$353$64
33 years$1,594$1,100$742$490$319$54
34 years$1,530$1,043$693$451$289$46
35 years$1,470$989$648$415$262$39
36 years$1,414$939$606$383$237$33
37 years$1,360$892$567$352$215$28
38 years$1,310$847$531$325$195$24
39 years$1,262$806$498$300$177$20
40 years$1,217$767$467$276$160$17
41 years$1,174$730$437$255$145$14
42 years$1,133$695$410$235$132$12
43 years$1,094$662$385$217$120$10
44 years$1,057$631$361$201$109$9
45 years$1,022$602$339$185$99$7
46 years$989$574$319$171$90$6
47 years$957$548$299$158$81$5
48 years$926$523$281$146$74$5
49 years$897$499$265$135$67$4
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $890,000, adding $6,421 every year, while hoping to spend $35,563 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: 49/38/13 Blend
49$890,000$890,000$890,000$890,000
50$987,403$940,233$926,438$1,031,962
51$1,050,280$948,466$919,635$1,071,526
52$1,118,377$955,910$911,412$1,110,247
53$1,192,192$962,490$901,684$1,151,510
54$1,272,267$968,123$890,363$1,195,566
55$1,359,202$972,725$877,353$1,242,691
56$1,453,655$976,202$862,559$1,293,191
57$1,556,350$978,459$845,877$1,347,404
58$1,668,084$979,390$827,200$1,405,705
59$1,789,734$978,886$806,417$1,468,508
60$1,922,265$976,829$783,410$1,536,273
61$2,066,739$973,096$758,057$1,609,506
62$2,224,323$967,555$730,229$1,688,770
63$2,396,305$960,066$699,792$1,774,684
64$2,584,099$950,480$666,607$1,867,936
65$2,789,265$938,641$630,525$1,969,284
66$3,013,517$924,382$591,395$2,079,569
67$3,258,745$907,526$549,057$2,199,718
68$3,527,029$887,887$503,342$2,330,758
69$3,820,659$865,266$454,076$2,473,823
70$4,142,155$839,453$401,077$2,630,167
71$4,494,296$810,227$344,154$2,801,174
72$4,880,138$777,352$283,107$2,988,377
73$5,303,050$740,581$217,730$3,193,466
74$5,766,742$699,650$147,804$3,418,311
75$6,275,297$654,280$73,103$3,664,977
76$6,833,216$604,178$0$3,935,744
77$7,445,455$549,034$0$4,234,049
78$8,117,472$488,517$0$4,572,638
79$8,855,281$422,282$0$4,944,468
80$9,665,507$349,961$0$5,352,971
81$10,555,445$271,165$0$5,801,930
82$11,533,135$185,487$0$6,295,525
83$12,607,432$92,493$0$6,838,363
84$13,788,092$0$0$7,435,531
85$15,085,862$0$0$8,096,099
86$16,512,584$0$0$8,864,926
87$18,081,301$0$0$9,710,379
88$19,806,388$0$0$10,640,216
89$21,703,679$0$0$11,662,988
90$23,790,619$0$0$12,788,112
91$26,086,433$0$0$14,025,968
92$28,612,298$0$0$15,387,989
93$31,391,551$0$0$16,886,774
94$34,449,903$0$0$18,536,206
95$37,815,683$0$0$20,351,579
96$41,520,108$0$0$22,349,748
97$45,597,571$0$0$24,549,283
98$50,085,972$0$0$26,970,646
99$55,027,070$0$0$29,636,385
100$60,466,877$0$0$32,571,342