Can I retire at age 50 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$73,826$73,168$72,527$71,900$71,289$70,662
2 years$36,547$35,867$35,207$34,567$33,947$33,315
3 years$24,123$23,439$22,781$22,148$21,537$20,921
4 years$17,912$17,230$16,579$15,956$15,361$14,763
5 years$14,186$13,509$12,866$12,256$11,677$11,101
6 years$11,703$11,031$10,398$9,801$9,240$8,685
7 years$9,930$9,264$8,640$8,058$7,514$6,982
8 years$8,601$7,941$7,328$6,760$6,234$5,724
9 years$7,568$6,914$6,311$5,758$5,250$4,762
10 years$6,742$6,094$5,502$4,963$4,473$4,007
11 years$6,067$5,425$4,844$4,320$3,847$3,403
12 years$5,504$4,869$4,299$3,789$3,334$2,910
13 years$5,029$4,401$3,841$3,345$2,907$2,504
14 years$4,622$4,000$3,451$2,969$2,548$2,165
15 years$4,269$3,654$3,116$2,648$2,244$1,880
16 years$3,961$3,353$2,825$2,371$1,983$1,638
17 years$3,689$3,088$2,571$2,130$1,758$1,432
18 years$3,448$2,853$2,347$1,920$1,563$1,255
19 years$3,232$2,644$2,148$1,735$1,393$1,102
20 years$3,038$2,457$1,972$1,571$1,245$969
21 years$2,863$2,289$1,813$1,426$1,114$854
22 years$2,704$2,136$1,671$1,297$998$754
23 years$2,559$1,998$1,543$1,181$896$666
24 years$2,427$1,872$1,427$1,077$806$589
25 years$2,305$1,757$1,322$984$725$522
26 years$2,193$1,651$1,226$899$653$462
27 years$2,089$1,554$1,138$823$589$410
28 years$1,993$1,464$1,058$754$531$364
29 years$1,903$1,381$985$692$480$323
30 years$1,820$1,305$917$635$433$287
31 years$1,742$1,233$855$583$392$255
32 years$1,669$1,167$798$536$354$227
33 years$1,601$1,105$745$493$321$202
34 years$1,537$1,047$696$453$290$180
35 years$1,477$993$651$417$263$160
36 years$1,420$943$609$384$238$142
37 years$1,366$896$570$354$216$127
38 years$1,316$851$534$326$196$113
39 years$1,268$809$500$301$178$101
40 years$1,222$770$469$278$161$90
41 years$1,179$733$439$256$146$80
42 years$1,138$698$412$236$133$71
43 years$1,099$665$387$218$120$63
44 years$1,062$634$363$201$109$57
45 years$1,027$605$341$186$99$50
46 years$993$577$320$172$90$45
47 years$961$550$301$159$82$40
48 years$930$525$283$147$74$36
49 years$901$502$266$136$67$32
50 years$873$479$250$125$61$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $894,000, adding $4,894 every year, while hoping to spend $38,190 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: 60/17/23 Blend
49$894,000$894,000$894,000$894,000
50$990,236$942,854$928,997$1,043,321
51$1,050,606$948,420$919,485$1,085,497
52$1,115,854$952,979$908,374$1,126,910
53$1,186,437$956,441$895,570$1,171,255
54$1,262,858$958,710$880,976$1,218,825
55$1,345,669$959,686$864,488$1,269,943
56$1,435,477$959,261$845,998$1,324,965
57$1,532,951$957,321$825,395$1,384,287
58$1,638,826$953,743$802,559$1,448,345
59$1,753,910$948,400$777,368$1,517,620
60$1,879,092$941,155$749,693$1,592,646
61$2,015,350$931,862$719,399$1,674,013
62$2,163,762$920,369$686,344$1,762,370
63$2,325,511$906,512$650,382$1,858,438
64$2,501,901$890,120$611,358$1,963,012
65$2,694,367$871,008$569,111$2,076,968
66$2,904,489$848,984$523,473$2,201,277
67$3,134,006$823,843$474,268$2,337,011
68$3,384,831$795,367$421,312$2,485,353
69$3,659,071$763,328$364,414$2,647,610
70$3,959,047$727,482$303,372$2,825,224
71$4,287,313$687,572$237,978$3,019,790
72$4,646,682$643,326$168,014$3,233,068
73$5,040,252$594,457$93,251$3,467,000
74$5,471,434$540,662$13,451$3,723,730
75$5,943,984$481,618$0$4,005,627
76$6,462,040$416,987$0$4,332,904
77$7,030,158$346,409$0$4,695,511
78$7,653,358$269,507$0$5,093,397
79$8,337,166$185,879$0$5,530,143
80$9,087,673$95,103$0$6,009,701
81$9,911,586$0$0$6,536,424
82$10,816,291$0$0$7,115,726
83$11,809,930$0$0$7,771,585
84$12,901,466$0$0$8,492,139
85$14,100,777$0$0$9,283,917
86$15,418,744$0$0$10,154,111
87$16,867,353$0$0$11,110,648
88$18,459,811$0$0$12,162,257
89$20,210,668$0$0$13,318,557
90$22,135,953$0$0$14,590,146
91$24,253,326$0$0$15,988,700
92$26,582,246$0$0$17,527,082
93$29,144,150$0$0$19,219,467
94$31,962,660$0$0$21,081,470
95$35,063,802$0$0$23,130,299
96$38,476,249$0$0$25,384,912
97$42,231,598$0$0$27,866,198
98$46,364,662$0$0$30,597,174
99$50,913,800$0$0$33,603,201
100$55,921,279$0$0$36,912,224