Can I retire at age 50 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$73,661$73,004$72,364$71,739$71,129$70,800
2 years$36,466$35,786$35,128$34,490$33,871$33,539
3 years$24,069$23,387$22,730$22,098$21,489$21,164
4 years$17,872$17,192$16,542$15,920$15,326$15,011
5 years$14,154$13,479$12,837$12,228$11,651$11,346
6 years$11,677$11,006$10,374$9,779$9,219$8,925
7 years$9,908$9,243$8,621$8,040$7,497$7,215
8 years$8,582$7,923$7,311$6,745$6,220$5,948
9 years$7,551$6,898$6,297$5,745$5,238$4,978
10 years$6,727$6,081$5,490$4,952$4,463$4,214
11 years$6,053$5,413$4,833$4,310$3,838$3,600
12 years$5,492$4,859$4,290$3,780$3,326$3,098
13 years$5,018$4,391$3,832$3,337$2,901$2,683
14 years$4,611$3,991$3,443$2,963$2,543$2,335
15 years$4,259$3,646$3,109$2,642$2,239$2,041
16 years$3,952$3,345$2,819$2,366$1,979$1,791
17 years$3,681$3,081$2,565$2,126$1,754$1,576
18 years$3,440$2,847$2,341$1,916$1,560$1,391
19 years$3,225$2,638$2,143$1,731$1,390$1,230
20 years$3,032$2,452$1,967$1,568$1,242$1,090
21 years$2,857$2,284$1,809$1,423$1,111$968
22 years$2,698$2,132$1,668$1,294$996$861
23 years$2,554$1,994$1,540$1,178$894$766
24 years$2,421$1,868$1,424$1,075$804$683
25 years$2,300$1,753$1,319$981$723$609
26 years$2,188$1,648$1,223$897$651$544
27 years$2,084$1,551$1,136$821$587$487
28 years$1,988$1,461$1,056$752$530$435
29 years$1,899$1,378$983$690$479$390
30 years$1,816$1,302$915$633$432$349
31 years$1,738$1,231$853$582$391$313
32 years$1,666$1,164$796$535$354$280
33 years$1,597$1,103$743$492$320$251
34 years$1,534$1,045$695$452$290$226
35 years$1,473$991$649$416$262$202
36 years$1,417$941$607$383$238$182
37 years$1,363$894$569$353$216$163
38 years$1,313$849$532$326$195$147
39 years$1,265$807$499$300$177$132
40 years$1,220$768$468$277$161$118
41 years$1,176$731$438$255$146$106
42 years$1,136$696$411$236$132$96
43 years$1,097$664$386$218$120$86
44 years$1,060$633$362$201$109$77
45 years$1,025$603$340$186$99$70
46 years$991$575$319$171$90$63
47 years$959$549$300$158$82$56
48 years$928$524$282$146$74$51
49 years$899$501$265$135$67$45
50 years$871$478$249$125$61$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $892,000, adding $4,090 every year, while hoping to spend $32,238 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: 62/24/14 Blend
49$892,000$892,000$892,000$892,000
50$987,203$939,927$926,101$1,044,794
51$1,053,597$951,682$922,824$1,095,712
52$1,125,682$962,933$918,357$1,147,236
53$1,204,006$973,621$912,626$1,202,700
54$1,289,168$983,683$905,554$1,262,488
55$1,381,832$993,052$897,058$1,327,024
56$1,482,724$1,001,657$887,055$1,396,774
57$1,592,646$1,009,422$875,455$1,472,254
58$1,712,478$1,016,265$862,165$1,554,031
59$1,843,191$1,022,102$847,087$1,642,734
60$1,985,851$1,026,840$830,120$1,739,054
61$2,141,634$1,030,382$811,155$1,843,753
62$2,311,834$1,032,624$790,082$1,957,673
63$2,497,875$1,033,456$766,784$2,081,743
64$2,701,324$1,032,761$741,137$2,216,986
65$2,923,908$1,030,415$713,014$2,364,534
66$3,167,527$1,026,286$682,280$2,525,631
67$3,434,275$1,020,235$648,797$2,701,653
68$3,726,457$1,012,112$612,417$2,894,116
69$4,046,611$1,001,760$572,988$3,104,692
70$4,397,532$989,013$530,350$3,335,228
71$4,782,299$973,694$484,336$3,587,757
72$5,204,304$955,615$434,771$3,864,524
73$5,667,280$934,578$381,474$4,168,005
74$6,175,342$910,372$324,253$4,500,931
75$6,733,022$882,775$262,910$4,866,312
76$7,345,311$851,551$197,238$5,267,470
77$8,017,707$816,452$127,020$5,708,069
78$8,756,267$777,212$52,029$6,192,146
79$9,567,665$733,553$0$6,724,158
80$10,459,250$685,181$0$7,313,198
81$11,439,120$631,782$0$7,969,069
82$12,516,198$573,026$0$8,690,001
83$13,700,312$508,566$0$9,482,623
84$15,002,290$438,033$0$10,354,239
85$16,434,064$361,036$0$11,312,904
86$18,008,776$277,165$0$12,367,494
87$19,740,911$185,986$0$13,527,794
88$21,646,423$87,038$0$14,804,591
89$23,742,893$0$0$16,209,773
90$26,049,693$0$0$17,761,772
91$28,588,164$0$0$19,495,010
92$31,381,823$0$0$21,402,566
93$34,456,582$0$0$23,502,144
94$37,840,992$0$0$25,813,249
95$41,566,511$0$0$28,357,374
96$45,667,804$0$0$31,158,202
97$50,183,066$0$0$34,241,828
98$55,154,385$0$0$37,637,007
99$60,628,138$0$0$41,375,423
100$66,655,425$0$0$45,491,990