Can I retire at age 50 with 894,000?

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 $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%18.7%
1 years$73,826$73,168$72,527$71,900$71,289$68,787
2 years$36,547$35,867$35,207$34,567$33,947$31,453
3 years$24,123$23,439$22,781$22,148$21,537$19,129
4 years$17,912$17,230$16,579$15,956$15,361$13,056
5 years$14,186$13,509$12,866$12,256$11,677$9,483
6 years$11,703$11,031$10,398$9,801$9,240$7,158
7 years$9,930$9,264$8,640$8,058$7,514$5,544
8 years$8,601$7,941$7,328$6,760$6,234$4,374
9 years$7,568$6,914$6,311$5,758$5,250$3,497
10 years$6,742$6,094$5,502$4,963$4,473$2,825
11 years$6,067$5,425$4,844$4,320$3,847$2,301
12 years$5,504$4,869$4,299$3,789$3,334$1,885
13 years$5,029$4,401$3,841$3,345$2,907$1,552
14 years$4,622$4,000$3,451$2,969$2,548$1,283
15 years$4,269$3,654$3,116$2,648$2,244$1,064
16 years$3,961$3,353$2,825$2,371$1,983$885
17 years$3,689$3,088$2,571$2,130$1,758$738
18 years$3,448$2,853$2,347$1,920$1,563$616
19 years$3,232$2,644$2,148$1,735$1,393$515
20 years$3,038$2,457$1,972$1,571$1,245$431
21 years$2,863$2,289$1,813$1,426$1,114$361
22 years$2,704$2,136$1,671$1,297$998$303
23 years$2,559$1,998$1,543$1,181$896$254
24 years$2,427$1,872$1,427$1,077$806$214
25 years$2,305$1,757$1,322$984$725$180
26 years$2,193$1,651$1,226$899$653$151
27 years$2,089$1,554$1,138$823$589$127
28 years$1,993$1,464$1,058$754$531$107
29 years$1,903$1,381$985$692$480$90
30 years$1,820$1,305$917$635$433$76
31 years$1,742$1,233$855$583$392$64
32 years$1,669$1,167$798$536$354$54
33 years$1,601$1,105$745$493$321$45
34 years$1,537$1,047$696$453$290$38
35 years$1,477$993$651$417$263$32
36 years$1,420$943$609$384$238$27
37 years$1,366$896$570$354$216$23
38 years$1,316$851$534$326$196$19
39 years$1,268$809$500$301$178$16
40 years$1,222$770$469$278$161$14
41 years$1,179$733$439$256$146$11
42 years$1,138$698$412$236$133$10
43 years$1,099$665$387$218$120$8
44 years$1,062$634$363$201$109$7
45 years$1,027$605$341$186$99$6
46 years$993$577$320$172$90$5
47 years$961$550$301$159$82$4
48 years$930$525$283$147$74$3
49 years$901$502$266$136$67$3
50 years$873$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 $894,000, adding $6,516 every year, while hoping to spend $25,403 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: 50/21/29 Blend
49$894,000$894,000$894,000$894,000
50$991,909$944,527$930,670$1,033,071
51$1,066,055$963,780$934,819$1,081,806
52$1,146,913$983,126$938,256$1,131,711
53$1,235,140$1,002,541$940,929$1,185,464
54$1,331,460$1,022,001$942,786$1,243,445
55$1,436,671$1,041,481$943,771$1,306,068
56$1,551,649$1,060,951$943,825$1,373,795
57$1,677,360$1,080,381$942,886$1,447,131
58$1,814,869$1,099,737$940,891$1,526,637
59$1,965,345$1,118,985$937,771$1,612,930
60$2,130,080$1,138,084$933,455$1,706,690
61$2,310,491$1,156,993$927,869$1,808,668
62$2,508,143$1,175,668$920,935$1,919,692
63$2,724,759$1,194,061$912,571$2,040,678
64$2,962,234$1,212,119$902,692$2,172,631
65$3,222,657$1,229,788$891,207$2,316,665
66$3,508,329$1,247,009$878,024$2,474,006
67$3,821,784$1,263,718$863,043$2,646,007
68$4,165,813$1,279,847$846,162$2,834,159
69$4,543,490$1,295,324$827,272$3,040,110
70$4,958,203$1,310,071$806,262$3,265,674
71$5,413,681$1,324,006$783,014$3,512,853
72$5,914,035$1,337,041$757,403$3,783,856
73$6,463,792$1,349,081$729,302$4,081,118
74$7,067,940$1,360,028$698,575$4,407,325
75$7,731,973$1,369,772$665,080$4,765,439
76$8,461,946$1,378,203$628,672$5,158,726
77$9,264,527$1,385,197$589,195$5,590,789
78$10,147,064$1,390,628$546,489$6,065,599
79$11,117,654$1,394,357$500,385$6,587,536
80$12,185,214$1,396,240$450,708$7,161,432
81$13,359,573$1,396,123$397,273$7,792,611
82$14,651,557$1,393,841$339,890$8,486,947
83$16,073,097$1,389,221$278,358$9,250,914
84$17,637,338$1,382,077$212,467$10,091,651
85$19,358,761$1,372,214$142,000$11,017,031
86$21,253,326$1,359,423$66,728$12,035,732
87$23,338,616$1,343,485$0$13,157,323
88$25,634,004$1,324,166$0$14,396,562
89$28,160,840$1,301,218$0$15,783,180
90$30,942,647$1,274,378$0$17,309,410
91$34,005,344$1,243,370$0$18,989,473
92$37,377,493$1,207,898$0$20,839,040
93$41,090,564$1,167,652$0$22,875,381
94$45,179,236$1,122,302$0$25,117,533
95$49,681,722$1,071,499$0$27,586,473
96$54,640,129$1,014,873$0$30,305,319
97$60,100,856$952,036$0$33,299,551
98$66,115,031$882,574$0$36,597,248
99$72,738,995$806,050$0$40,229,358
100$80,034,830$722,004$0$44,229,986