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%14.5%
1 years$73,743$73,086$72,445$71,820$71,209$69,886
2 years$36,506$35,827$35,168$34,529$33,909$32,581
3 years$24,096$23,413$22,756$22,123$21,513$20,221
4 years$17,892$17,211$16,560$15,938$15,343$14,098
5 years$14,170$13,494$12,852$12,242$11,664$10,468
6 years$11,690$11,019$10,386$9,790$9,229$8,085
7 years$9,919$9,253$8,631$8,049$7,506$6,413
8 years$8,592$7,932$7,320$6,752$6,227$5,185
9 years$7,560$6,906$6,304$5,751$5,244$4,253
10 years$6,735$6,087$5,496$4,958$4,468$3,527
11 years$6,060$5,419$4,839$4,315$3,843$2,950
12 years$5,498$4,864$4,294$3,785$3,330$2,485
13 years$5,023$4,396$3,837$3,341$2,904$2,105
14 years$4,616$3,996$3,447$2,966$2,545$1,791
15 years$4,264$3,650$3,112$2,645$2,241$1,530
16 years$3,956$3,349$2,822$2,368$1,981$1,311
17 years$3,685$3,084$2,568$2,128$1,756$1,127
18 years$3,444$2,850$2,344$1,918$1,562$970
19 years$3,229$2,641$2,146$1,733$1,392$837
20 years$3,035$2,454$1,969$1,569$1,243$724
21 years$2,860$2,286$1,811$1,424$1,113$626
22 years$2,701$2,134$1,670$1,295$997$543
23 years$2,557$1,996$1,542$1,179$895$471
24 years$2,424$1,870$1,426$1,076$805$409
25 years$2,302$1,755$1,320$982$724$355
26 years$2,190$1,649$1,225$898$652$309
27 years$2,086$1,552$1,137$822$588$269
28 years$1,990$1,463$1,057$753$531$234
29 years$1,901$1,380$984$691$479$204
30 years$1,818$1,303$916$634$433$177
31 years$1,740$1,232$854$582$391$155
32 years$1,667$1,166$797$535$354$135
33 years$1,599$1,104$744$492$320$118
34 years$1,535$1,046$695$453$290$103
35 years$1,475$992$650$417$263$89
36 years$1,418$942$608$384$238$78
37 years$1,365$895$569$354$216$68
38 years$1,314$850$533$326$196$59
39 years$1,266$808$499$301$177$52
40 years$1,221$769$468$277$161$45
41 years$1,178$732$439$256$146$39
42 years$1,137$697$412$236$132$34
43 years$1,098$664$386$218$120$30
44 years$1,061$633$363$201$109$26
45 years$1,026$604$341$186$99$23
46 years$992$576$320$172$90$20
47 years$960$550$300$159$82$17
48 years$929$525$282$147$74$15
49 years$900$501$265$135$67$13
50 years$872$479$250$125$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $893,000, adding $6,922 every year, while hoping to spend $38,300 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: 52/29/19 Blend
49$893,000$893,000$893,000$893,000
50$991,226$943,897$930,056$1,037,260
51$1,051,580$949,397$920,462$1,075,160
52$1,116,807$953,883$909,262$1,111,797
53$1,187,362$957,265$896,364$1,150,822
54$1,263,749$959,446$881,668$1,192,473
55$1,346,518$960,326$865,070$1,237,015
56$1,436,277$959,795$846,464$1,284,742
57$1,533,691$957,740$825,735$1,335,979
58$1,639,496$954,037$802,765$1,391,087
59$1,754,498$948,559$777,432$1,450,464
60$1,879,585$941,166$749,604$1,514,552
61$2,015,735$931,715$719,147$1,583,840
62$2,164,020$920,050$685,919$1,658,869
63$2,325,626$906,008$649,773$1,740,238
64$2,501,853$889,415$610,553$1,828,612
65$2,694,134$870,088$568,099$1,924,722
66$2,904,046$847,833$522,241$2,029,380
67$3,133,325$822,443$472,802$2,143,485
68$3,383,882$793,701$419,599$2,268,028
69$3,657,821$761,375$362,438$2,404,108
70$3,957,458$725,222$301,120$2,552,939
71$4,285,344$684,984$235,433$2,715,862
72$4,644,288$640,387$165,159$2,894,360
73$5,037,382$591,143$90,068$3,090,074
74$5,468,033$536,946$9,923$3,304,816
75$5,939,989$477,474$0$3,540,588
76$6,457,384$412,385$0$3,814,929
77$7,024,765$341,320$0$4,118,101
78$7,647,144$263,898$0$4,450,843
79$8,330,040$179,716$0$4,816,197
80$9,079,532$88,350$0$5,217,516
81$9,902,317$0$0$5,658,501
82$10,805,772$0$0$6,146,633
83$11,798,021$0$0$6,713,798
84$12,888,017$0$0$7,336,931
85$14,085,620$0$0$8,021,681
86$15,401,695$0$0$8,774,270
87$16,848,207$0$0$9,601,557
88$18,438,344$0$0$10,511,095
89$20,186,631$0$0$11,511,207
90$22,109,071$0$0$12,611,061
91$24,223,298$0$0$13,820,761
92$26,548,738$0$0$15,151,436
93$29,106,794$0$0$16,615,350
94$31,921,050$0$0$18,226,014
95$35,017,488$0$0$19,998,318
96$38,424,739$0$0$21,948,664
97$42,174,347$0$0$24,095,126
98$46,301,069$0$0$26,457,620
99$50,843,202$0$0$29,058,089
100$55,842,944$0$0$31,920,713