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%19.2%
1 years$73,743$73,086$72,445$71,820$71,209$68,573
2 years$36,506$35,827$35,168$34,529$33,909$31,284
3 years$24,096$23,413$22,756$22,123$21,513$18,980
4 years$17,892$17,211$16,560$15,938$15,343$12,922
5 years$14,170$13,494$12,852$12,242$11,664$9,361
6 years$11,690$11,019$10,386$9,790$9,229$7,046
7 years$9,919$9,253$8,631$8,049$7,506$5,442
8 years$8,592$7,932$7,320$6,752$6,227$4,281
9 years$7,560$6,906$6,304$5,751$5,244$3,412
10 years$6,735$6,087$5,496$4,958$4,468$2,748
11 years$6,060$5,419$4,839$4,315$3,843$2,230
12 years$5,498$4,864$4,294$3,785$3,330$1,821
13 years$5,023$4,396$3,837$3,341$2,904$1,495
14 years$4,616$3,996$3,447$2,966$2,545$1,231
15 years$4,264$3,650$3,112$2,645$2,241$1,018
16 years$3,956$3,349$2,822$2,368$1,981$843
17 years$3,685$3,084$2,568$2,128$1,756$700
18 years$3,444$2,850$2,344$1,918$1,562$582
19 years$3,229$2,641$2,146$1,733$1,392$485
20 years$3,035$2,454$1,969$1,569$1,243$405
21 years$2,860$2,286$1,811$1,424$1,113$338
22 years$2,701$2,134$1,670$1,295$997$282
23 years$2,557$1,996$1,542$1,179$895$236
24 years$2,424$1,870$1,426$1,076$805$197
25 years$2,302$1,755$1,320$982$724$165
26 years$2,190$1,649$1,225$898$652$138
27 years$2,086$1,552$1,137$822$588$116
28 years$1,990$1,463$1,057$753$531$97
29 years$1,901$1,380$984$691$479$81
30 years$1,818$1,303$916$634$433$68
31 years$1,740$1,232$854$582$391$57
32 years$1,667$1,166$797$535$354$48
33 years$1,599$1,104$744$492$320$40
34 years$1,535$1,046$695$453$290$34
35 years$1,475$992$650$417$263$28
36 years$1,418$942$608$384$238$24
37 years$1,365$895$569$354$216$20
38 years$1,314$850$533$326$196$17
39 years$1,266$808$499$301$177$14
40 years$1,221$769$468$277$161$12
41 years$1,178$732$439$256$146$10
42 years$1,137$697$412$236$132$8
43 years$1,098$664$386$218$120$7
44 years$1,061$633$363$201$109$6
45 years$1,026$604$341$186$99$5
46 years$992$576$320$172$90$4
47 years$960$550$300$159$82$3
48 years$929$525$282$147$74$3
49 years$900$501$265$135$67$2
50 years$872$479$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $893,000, adding $6,114 every year, while hoping to spend $41,584 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: 39/42/19 Blend
49$893,000$893,000$893,000$893,000
50$990,393$943,064$929,222$1,023,192
51$1,047,168$945,029$916,106$1,049,256
52$1,108,340$945,696$901,157$1,072,998
53$1,174,314$944,959$884,269$1,097,807
54$1,245,535$942,703$865,333$1,123,803
55$1,322,491$938,806$844,233$1,151,119
56$1,405,718$933,141$820,848$1,179,906
57$1,495,807$925,571$795,052$1,210,332
58$1,593,406$915,951$766,713$1,242,587
59$1,699,229$904,128$735,693$1,276,883
60$1,814,060$889,939$701,848$1,313,457
61$1,938,760$873,213$665,027$1,352,574
62$2,074,280$853,766$625,071$1,394,531
63$2,221,662$831,407$581,817$1,439,659
64$2,382,056$805,929$535,092$1,488,328
65$2,556,723$777,118$484,715$1,540,950
66$2,747,056$744,743$430,500$1,597,984
67$2,954,582$708,563$372,248$1,659,945
68$3,180,988$668,320$309,757$1,727,401
69$3,428,125$623,744$242,810$1,800,988
70$3,698,035$574,549$171,185$1,881,413
71$3,992,963$520,430$94,648$1,969,462
72$4,315,382$461,068$12,956$2,066,009
73$4,668,015$396,124$0$2,172,025
74$5,053,858$325,241$0$2,303,636
75$5,476,214$248,040$0$2,450,774
76$5,938,716$164,122$0$2,612,196
77$6,445,367$73,066$0$2,789,434
78$7,000,575$0$0$2,984,188
79$7,609,194$0$0$3,210,156
80$8,276,571$0$0$3,495,087
81$9,008,595$0$0$3,807,743
82$9,811,751$0$0$4,150,908
83$10,693,184$0$0$4,527,652
84$11,660,762$0$0$4,941,354
85$12,723,156$0$0$5,395,737
86$13,889,913$0$0$5,894,905
87$15,171,552$0$0$6,443,375
88$16,579,662$0$0$7,046,125
89$18,127,009$0$0$7,708,640
90$19,827,655$0$0$8,436,962
91$21,697,097$0$0$9,237,746
92$23,752,402$0$0$10,118,327
93$26,012,377$0$0$11,086,785
94$28,497,743$0$0$12,152,022
95$31,231,328$0$0$13,323,846
96$34,238,283$0$0$14,613,065
97$37,546,320$0$0$16,031,584
98$41,185,972$0$0$17,592,524
99$45,190,882$0$0$19,310,340
100$49,598,117$0$0$21,200,960