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%12.5%
1 years$73,495$72,841$72,202$71,579$70,970$70,229
2 years$36,384$35,706$35,050$34,413$33,795$33,049
3 years$24,015$23,334$22,679$22,049$21,441$20,713
4 years$17,832$17,153$16,505$15,885$15,292$14,587
5 years$14,123$13,448$12,808$12,201$11,625$10,945
6 years$11,651$10,982$10,351$9,757$9,198$8,545
7 years$9,886$9,222$8,602$8,022$7,481$6,855
8 years$8,563$7,905$7,295$6,729$6,206$5,607
9 years$7,534$6,883$6,283$5,732$5,226$4,653
10 years$6,712$6,067$5,478$4,941$4,453$3,906
11 years$6,040$5,401$4,823$4,300$3,830$3,309
12 years$5,480$4,848$4,280$3,772$3,319$2,823
13 years$5,006$4,381$3,824$3,330$2,894$2,423
14 years$4,601$3,982$3,436$2,956$2,537$2,089
15 years$4,250$3,638$3,102$2,636$2,234$1,809
16 years$3,943$3,338$2,812$2,360$1,974$1,572
17 years$3,673$3,074$2,559$2,121$1,750$1,370
18 years$3,432$2,840$2,336$1,911$1,556$1,197
19 years$3,218$2,632$2,139$1,727$1,387$1,048
20 years$3,025$2,446$1,963$1,564$1,239$920
21 years$2,851$2,278$1,805$1,420$1,109$808
22 years$2,692$2,127$1,664$1,291$994$711
23 years$2,548$1,989$1,536$1,175$892$626
24 years$2,416$1,864$1,421$1,072$802$552
25 years$2,295$1,749$1,316$979$722$488
26 years$2,183$1,644$1,221$895$650$431
27 years$2,079$1,547$1,133$819$586$381
28 years$1,984$1,458$1,054$751$529$337
29 years$1,895$1,375$980$688$477$298
30 years$1,812$1,299$913$632$431$264
31 years$1,734$1,228$851$580$390$234
32 years$1,662$1,162$794$533$353$207
33 years$1,594$1,100$742$490$319$184
34 years$1,530$1,043$693$451$289$163
35 years$1,470$989$648$415$262$145
36 years$1,414$939$606$383$237$128
37 years$1,360$892$567$352$215$114
38 years$1,310$847$531$325$195$101
39 years$1,262$806$498$300$177$90
40 years$1,217$767$467$276$160$80
41 years$1,174$730$437$255$145$71
42 years$1,133$695$410$235$132$63
43 years$1,094$662$385$217$120$56
44 years$1,057$631$361$201$109$50
45 years$1,022$602$339$185$99$44
46 years$989$574$319$171$90$39
47 years$957$548$299$158$81$35
48 years$926$523$281$146$74$31
49 years$897$499$265$135$67$27
50 years$869$477$249$125$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $890,000, adding $3,954 every year, while hoping to spend $32,387 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: 80/5/15 Blend
49$890,000$890,000$890,000$890,000
50$984,859$937,689$923,894$1,060,296
51$1,050,855$949,176$920,384$1,121,970
52$1,122,497$960,140$915,672$1,185,071
53$1,200,327$970,523$909,683$1,253,401
54$1,284,941$980,259$902,337$1,327,472
55$1,376,994$989,280$893,555$1,407,844
56$1,477,207$997,515$883,249$1,495,136
57$1,586,375$1,004,886$871,331$1,590,030
58$1,705,370$1,011,311$857,706$1,693,277
59$1,835,155$1,016,702$842,275$1,805,706
60$1,976,786$1,020,966$824,937$1,928,228
61$2,131,429$1,024,003$805,583$2,061,847
62$2,300,364$1,025,710$784,100$2,207,672
63$2,485,005$1,025,973$760,371$2,366,923
64$2,686,904$1,024,674$734,272$2,540,943
65$2,907,772$1,021,687$705,674$2,731,215
66$3,149,494$1,016,878$674,442$2,939,372
67$3,414,142$1,010,105$640,436$3,167,213
68$3,704,001$1,001,217$603,508$3,416,721
69$4,021,588$990,055$563,503$3,690,081
70$4,369,671$976,449$520,262$3,989,703
71$4,751,301$960,219$473,615$4,318,240
72$5,169,840$941,176$423,387$4,678,618
73$5,628,987$919,117$369,394$5,074,061
74$6,132,820$893,830$311,445$5,508,122
75$6,685,829$865,089$249,339$5,984,716
76$7,292,960$832,654$182,868$6,508,160
77$7,959,661$796,274$111,814$7,083,210
78$8,691,934$755,679$35,948$7,715,109
79$9,496,392$710,588$0$8,409,633
80$10,380,317$660,700$0$9,180,355
81$11,351,735$605,699$0$10,033,696
82$12,419,485$545,252$0$10,971,672
83$13,593,306$479,003$0$12,002,851
84$14,883,929$406,579$0$13,136,672
85$16,303,174$327,587$0$14,383,537
86$17,864,067$241,607$0$15,754,905
87$19,580,957$148,201$0$17,263,404
88$21,469,654$46,903$0$18,922,948
89$23,547,579$0$0$20,748,868
90$25,833,925$0$0$22,761,512
91$28,349,840$0$0$24,979,112
92$31,118,624$0$0$27,419,628
93$34,165,954$0$0$30,105,695
94$37,520,118$0$0$33,062,253
95$41,212,287$0$0$36,316,782
96$45,276,809$0$0$39,899,562
97$49,751,530$0$0$43,843,957
98$54,678,152$0$0$48,186,731
99$60,102,626$0$0$52,968,395
100$66,075,586$0$0$58,233,587