Can I retire at age 50 with 893,000?

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 $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%12.7%
1 years$73,743$73,086$72,445$71,820$71,209$70,407
2 years$36,506$35,827$35,168$34,529$33,909$33,101
3 years$24,096$23,413$22,756$22,123$21,513$20,725
4 years$17,892$17,211$16,560$15,938$15,343$14,581
5 years$14,170$13,494$12,852$12,242$11,664$10,930
6 years$11,690$11,019$10,386$9,790$9,229$8,524
7 years$9,919$9,253$8,631$8,049$7,506$6,830
8 years$8,592$7,932$7,320$6,752$6,227$5,580
9 years$7,560$6,906$6,304$5,751$5,244$4,626
10 years$6,735$6,087$5,496$4,958$4,468$3,878
11 years$6,060$5,419$4,839$4,315$3,843$3,281
12 years$5,498$4,864$4,294$3,785$3,330$2,796
13 years$5,023$4,396$3,837$3,341$2,904$2,396
14 years$4,616$3,996$3,447$2,966$2,545$2,064
15 years$4,264$3,650$3,112$2,645$2,241$1,785
16 years$3,956$3,349$2,822$2,368$1,981$1,549
17 years$3,685$3,084$2,568$2,128$1,756$1,348
18 years$3,444$2,850$2,344$1,918$1,562$1,176
19 years$3,229$2,641$2,146$1,733$1,392$1,028
20 years$3,035$2,454$1,969$1,569$1,243$901
21 years$2,860$2,286$1,811$1,424$1,113$790
22 years$2,701$2,134$1,670$1,295$997$694
23 years$2,557$1,996$1,542$1,179$895$611
24 years$2,424$1,870$1,426$1,076$805$538
25 years$2,302$1,755$1,320$982$724$474
26 years$2,190$1,649$1,225$898$652$418
27 years$2,086$1,552$1,137$822$588$369
28 years$1,990$1,463$1,057$753$531$326
29 years$1,901$1,380$984$691$479$288
30 years$1,818$1,303$916$634$433$255
31 years$1,740$1,232$854$582$391$225
32 years$1,667$1,166$797$535$354$199
33 years$1,599$1,104$744$492$320$176
34 years$1,535$1,046$695$453$290$156
35 years$1,475$992$650$417$263$138
36 years$1,418$942$608$384$238$122
37 years$1,365$895$569$354$216$109
38 years$1,314$850$533$326$196$96
39 years$1,266$808$499$301$177$85
40 years$1,221$769$468$277$161$76
41 years$1,178$732$439$256$146$67
42 years$1,137$697$412$236$132$59
43 years$1,098$664$386$218$120$53
44 years$1,061$633$363$201$109$47
45 years$1,026$604$341$186$99$41
46 years$992$576$320$172$90$37
47 years$960$550$300$159$82$33
48 years$929$525$282$147$74$29
49 years$900$501$265$135$67$26
50 years$872$479$250$125$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $893,000, adding $5,187 every year, while hoping to spend $24,870 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: 46/48/6 Blend
49$893,000$893,000$893,000$893,000
50$989,436$942,107$928,266$1,033,109
51$1,063,897$961,809$932,901$1,083,367
52$1,145,120$981,643$936,858$1,134,833
53$1,233,767$1,001,588$940,088$1,190,076
54$1,330,570$1,021,625$942,540$1,249,452
55$1,436,332$1,041,728$944,158$1,313,354
56$1,551,937$1,061,872$944,887$1,382,213
57$1,678,361$1,082,030$944,668$1,456,507
58$1,816,677$1,102,172$943,437$1,536,760
59$1,968,065$1,122,266$941,128$1,623,551
60$2,133,826$1,142,275$937,675$1,717,517
61$2,315,393$1,162,164$933,004$1,819,361
62$2,514,343$1,181,890$927,039$1,929,858
63$2,732,413$1,201,410$919,703$2,049,861
64$2,971,518$1,220,677$910,911$2,180,312
65$3,233,763$1,239,641$900,577$2,322,248
66$3,521,471$1,258,248$888,611$2,476,813
67$3,837,198$1,276,439$874,916$2,645,267
68$4,183,760$1,294,152$859,393$2,829,002
69$4,564,259$1,311,321$841,939$3,029,549
70$4,982,112$1,327,874$822,442$3,248,599
71$5,441,084$1,343,736$800,790$3,488,014
72$5,945,320$1,358,825$776,863$3,749,848
73$6,499,391$1,373,055$750,535$4,036,366
74$7,108,327$1,386,333$721,677$4,350,063
75$7,777,674$1,398,561$690,150$4,693,694
76$8,513,539$1,409,633$655,813$5,070,292
77$9,322,653$1,419,438$618,516$5,483,203
78$10,212,429$1,427,857$578,102$5,936,116
79$11,191,037$1,434,762$534,408$6,433,099
80$12,267,477$1,440,019$487,265$6,978,636
81$13,451,664$1,443,485$436,493$7,577,669
82$14,754,526$1,445,007$381,907$8,235,650
83$16,188,098$1,444,423$323,312$8,958,588
84$17,765,647$1,441,563$260,505$9,753,106
85$19,501,786$1,436,242$193,275$10,626,510
86$21,412,618$1,428,268$121,400$11,586,851
87$23,515,888$1,417,436$44,650$12,643,005
88$25,831,145$1,403,526$0$13,804,759
89$28,379,932$1,386,310$0$15,085,288
90$31,185,987$1,365,541$0$16,497,304
91$34,275,466$1,340,960$0$18,051,075
92$37,677,189$1,312,293$0$19,761,072
93$41,422,915$1,279,249$0$21,643,248
94$45,547,640$1,241,519$0$23,715,187
95$50,089,922$1,198,777$0$25,996,273
96$55,092,256$1,150,678$0$28,507,871
97$60,601,461$1,096,857$0$31,273,533
98$66,669,134$1,036,927$0$34,319,218
99$73,352,130$970,480$0$37,673,542
100$80,713,097$897,083$0$41,368,045