Can I retire at age 50 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$73,743$73,086$72,445$71,820$71,209$69,291
2 years$36,506$35,827$35,168$34,529$33,909$31,990
3 years$24,096$23,413$22,756$22,123$21,513$19,654
4 years$17,892$17,211$16,560$15,938$15,343$13,558
5 years$14,170$13,494$12,852$12,242$11,664$9,957
6 years$11,690$11,019$10,386$9,790$9,229$7,602
7 years$9,919$9,253$8,631$8,049$7,506$5,959
8 years$8,592$7,932$7,320$6,752$6,227$4,760
9 years$7,560$6,906$6,304$5,751$5,244$3,855
10 years$6,735$6,087$5,496$4,958$4,468$3,156
11 years$6,060$5,419$4,839$4,315$3,843$2,605
12 years$5,498$4,864$4,294$3,785$3,330$2,164
13 years$5,023$4,396$3,837$3,341$2,904$1,808
14 years$4,616$3,996$3,447$2,966$2,545$1,516
15 years$4,264$3,650$3,112$2,645$2,241$1,276
16 years$3,956$3,349$2,822$2,368$1,981$1,078
17 years$3,685$3,084$2,568$2,128$1,756$912
18 years$3,444$2,850$2,344$1,918$1,562$774
19 years$3,229$2,641$2,146$1,733$1,392$657
20 years$3,035$2,454$1,969$1,569$1,243$559
21 years$2,860$2,286$1,811$1,424$1,113$476
22 years$2,701$2,134$1,670$1,295$997$406
23 years$2,557$1,996$1,542$1,179$895$346
24 years$2,424$1,870$1,426$1,076$805$296
25 years$2,302$1,755$1,320$982$724$253
26 years$2,190$1,649$1,225$898$652$216
27 years$2,086$1,552$1,137$822$588$185
28 years$1,990$1,463$1,057$753$531$158
29 years$1,901$1,380$984$691$479$135
30 years$1,818$1,303$916$634$433$116
31 years$1,740$1,232$854$582$391$99
32 years$1,667$1,166$797$535$354$85
33 years$1,599$1,104$744$492$320$73
34 years$1,535$1,046$695$453$290$62
35 years$1,475$992$650$417$263$53
36 years$1,418$942$608$384$238$46
37 years$1,365$895$569$354$216$39
38 years$1,314$850$533$326$196$34
39 years$1,266$808$499$301$177$29
40 years$1,221$769$468$277$161$25
41 years$1,178$732$439$256$146$21
42 years$1,137$697$412$236$132$18
43 years$1,098$664$386$218$120$16
44 years$1,061$633$363$201$109$13
45 years$1,026$604$341$186$99$11
46 years$992$576$320$172$90$10
47 years$960$550$300$159$82$8
48 years$929$525$282$147$74$7
49 years$900$501$265$135$67$6
50 years$872$479$250$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $893,000, adding $4,167 every year, while hoping to spend $29,851 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: 77/10/13 Blend
49$893,000$893,000$893,000$893,000
50$988,384$941,055$927,214$1,061,599
51$1,057,438$955,406$926,514$1,124,771
52$1,132,535$969,459$924,791$1,189,824
53$1,214,260$983,169$921,977$1,260,322
54$1,303,256$996,486$918,006$1,336,796
55$1,400,232$1,009,357$912,802$1,419,831
56$1,505,967$1,021,727$906,292$1,510,074
57$1,621,319$1,033,534$898,396$1,608,234
58$1,747,231$1,044,715$889,030$1,715,096
59$1,884,743$1,055,201$878,107$1,831,522
60$2,034,999$1,064,918$865,536$1,958,464
61$2,199,259$1,073,789$851,222$2,096,968
62$2,378,909$1,081,730$835,063$2,248,190
63$2,575,476$1,088,654$816,956$2,413,402
64$2,790,642$1,094,464$796,791$2,594,006
65$3,026,257$1,099,063$774,453$2,791,548
66$3,284,360$1,102,342$749,822$3,007,729
67$3,567,196$1,104,188$722,773$3,244,426
68$3,877,239$1,104,482$693,175$3,503,708
69$4,217,211$1,103,095$660,889$3,787,854
70$4,590,111$1,099,892$625,774$4,099,374
71$4,999,244$1,094,728$587,679$4,441,038
72$5,448,248$1,087,451$546,448$4,815,897
73$5,941,132$1,077,899$501,916$5,227,312
74$6,482,310$1,065,899$453,913$5,678,989
75$7,076,647$1,051,269$402,260$6,175,012
76$7,729,500$1,033,816$346,771$6,719,883
77$8,446,772$1,013,336$287,251$7,318,562
78$9,234,965$989,611$223,495$7,976,517
79$10,101,242$962,412$155,293$8,699,774
80$11,053,494$931,497$82,422$9,494,974
81$12,100,418$896,607$4,650$10,369,438
82$13,251,591$857,471$0$11,331,231
83$14,517,566$813,801$0$12,400,114
84$15,909,972$765,291$0$13,576,412
85$17,441,620$711,620$0$14,870,316
86$19,126,623$652,448$0$16,293,768
87$20,980,535$587,414$0$17,859,926
88$23,020,489$516,138$0$19,583,290
89$25,265,368$438,217$0$21,479,839
90$27,735,973$353,227$0$23,567,179
91$30,455,226$260,719$0$25,864,714
92$33,448,383$160,219$0$28,393,824
93$36,743,275$51,226$0$31,178,072
94$40,370,564$0$0$34,243,421
95$44,364,041$0$0$37,625,834
96$48,760,937$0$0$41,356,182
97$53,602,276$0$0$45,463,641
98$58,933,265$0$0$49,986,567
99$64,803,717$0$0$54,967,230
100$71,268,522$0$0$60,452,204