Can I retire at age 50 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$73,578$72,923$72,283$71,659$71,050$70,602
2 years$36,425$35,746$35,089$34,451$33,833$33,381
3 years$24,042$23,361$22,705$22,073$21,465$21,024
4 years$17,852$17,173$16,523$15,903$15,309$14,881
5 years$14,139$13,463$12,823$12,215$11,638$11,224
6 years$11,664$10,994$10,363$9,768$9,209$8,810
7 years$9,897$9,233$8,611$8,031$7,489$7,106
8 years$8,573$7,914$7,303$6,737$6,213$5,846
9 years$7,543$6,891$6,290$5,738$5,232$4,880
10 years$6,720$6,074$5,484$4,947$4,458$4,122
11 years$6,046$5,407$4,828$4,305$3,834$3,513
12 years$5,486$4,853$4,285$3,776$3,323$3,016
13 years$5,012$4,386$3,828$3,334$2,897$2,605
14 years$4,606$3,987$3,440$2,959$2,540$2,261
15 years$4,255$3,642$3,105$2,639$2,236$1,972
16 years$3,947$3,341$2,816$2,363$1,976$1,725
17 years$3,677$3,077$2,562$2,123$1,752$1,514
18 years$3,436$2,843$2,339$1,913$1,558$1,332
19 years$3,221$2,635$2,141$1,729$1,389$1,175
20 years$3,028$2,449$1,965$1,566$1,240$1,038
21 years$2,854$2,281$1,807$1,421$1,110$919
22 years$2,695$2,129$1,666$1,292$995$815
23 years$2,551$1,991$1,538$1,177$893$723
24 years$2,419$1,866$1,422$1,073$803$643
25 years$2,297$1,751$1,317$980$722$572
26 years$2,185$1,646$1,222$896$651$509
27 years$2,082$1,549$1,135$820$587$454
28 years$1,986$1,459$1,055$752$529$405
29 years$1,897$1,377$982$689$478$361
30 years$1,814$1,300$914$633$432$322
31 years$1,736$1,229$852$581$391$288
32 years$1,664$1,163$795$534$353$257
33 years$1,596$1,101$743$491$320$230
34 years$1,532$1,044$694$452$289$206
35 years$1,472$990$649$416$262$184
36 years$1,415$940$607$383$238$165
37 years$1,362$893$568$353$215$147
38 years$1,311$848$532$325$195$132
39 years$1,263$807$498$300$177$118
40 years$1,218$767$467$277$161$106
41 years$1,175$730$438$255$146$95
42 years$1,134$696$411$236$132$85
43 years$1,096$663$385$217$120$76
44 years$1,059$632$362$201$109$68
45 years$1,023$603$340$185$99$61
46 years$990$575$319$171$90$55
47 years$958$549$300$158$81$49
48 years$927$524$282$146$74$44
49 years$898$500$265$135$67$39
50 years$870$478$249$125$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $891,000, adding $3,129 every year, while hoping to spend $51,459 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: 42/46/12 Blend
49$891,000$891,000$891,000$891,000
50$985,110$937,887$924,076$1,022,896
51$1,030,839$929,091$900,281$1,040,890
52$1,079,508$918,140$873,963$1,054,987
53$1,131,362$904,873$844,985$1,069,115
54$1,186,670$889,121$813,202$1,083,298
55$1,245,727$870,704$778,460$1,097,568
56$1,308,855$849,433$740,603$1,111,962
57$1,376,408$825,105$699,463$1,126,527
58$1,448,774$797,508$654,867$1,141,318
59$1,526,379$766,415$606,635$1,156,400
60$1,609,688$731,589$554,577$1,171,851
61$1,699,216$692,776$498,494$1,187,762
62$1,795,523$649,709$438,181$1,204,239
63$1,899,228$602,107$373,422$1,221,404
64$2,011,009$549,669$303,991$1,239,400
65$2,131,610$492,081$229,653$1,258,391
66$2,261,850$429,009$150,162$1,278,562
67$2,402,628$360,100$65,262$1,300,130
68$2,554,933$284,981$0$1,323,338
69$2,719,850$203,260$0$1,351,710
70$2,898,575$114,520$0$1,391,446
71$3,092,422$18,323$0$1,434,577
72$3,302,833$0$0$1,481,548
73$3,531,398$0$0$1,576,285
74$3,779,865$0$0$1,689,453
75$4,050,156$0$0$1,812,664
76$4,344,386$0$0$1,946,895
77$4,664,883$0$0$2,093,222
78$5,014,207$0$0$2,252,828
79$5,395,178$0$0$2,427,016
80$5,810,897$0$0$2,617,220
81$6,264,781$0$0$2,825,018
82$6,760,588$0$0$3,052,149
83$7,302,456$0$0$3,300,524
84$7,894,942$0$0$3,572,250
85$8,543,061$0$0$3,869,648
86$9,252,339$0$0$4,195,271
87$10,028,856$0$0$4,551,931
88$10,879,310$0$0$4,942,726
89$11,811,077$0$0$5,371,066
90$12,832,280$0$0$5,840,709
91$13,951,865$0$0$6,355,792
92$15,179,684$0$0$6,920,873
93$16,526,589$0$0$7,540,970
94$18,004,534$0$0$8,221,614
95$19,626,685$0$0$8,968,895
96$21,407,544$0$0$9,789,522
97$23,363,087$0$0$10,690,885
98$25,510,913$0$0$11,681,126
99$27,870,409$0$0$12,769,215
100$30,462,930$0$0$13,965,033