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%11%
1 years$73,826$73,168$72,527$71,900$71,289$70,988
2 years$36,547$35,867$35,207$34,567$33,947$33,644
3 years$24,123$23,439$22,781$22,148$21,537$21,241
4 years$17,912$17,230$16,579$15,956$15,361$15,073
5 years$14,186$13,509$12,866$12,256$11,677$11,399
6 years$11,703$11,031$10,398$9,801$9,240$8,971
7 years$9,930$9,264$8,640$8,058$7,514$7,256
8 years$8,601$7,941$7,328$6,760$6,234$5,986
9 years$7,568$6,914$6,311$5,758$5,250$5,012
10 years$6,742$6,094$5,502$4,963$4,473$4,245
11 years$6,067$5,425$4,844$4,320$3,847$3,629
12 years$5,504$4,869$4,299$3,789$3,334$3,125
13 years$5,029$4,401$3,841$3,345$2,907$2,708
14 years$4,622$4,000$3,451$2,969$2,548$2,359
15 years$4,269$3,654$3,116$2,648$2,244$2,063
16 years$3,961$3,353$2,825$2,371$1,983$1,811
17 years$3,689$3,088$2,571$2,130$1,758$1,595
18 years$3,448$2,853$2,347$1,920$1,563$1,409
19 years$3,232$2,644$2,148$1,735$1,393$1,247
20 years$3,038$2,457$1,972$1,571$1,245$1,106
21 years$2,863$2,289$1,813$1,426$1,114$982
22 years$2,704$2,136$1,671$1,297$998$874
23 years$2,559$1,998$1,543$1,181$896$779
24 years$2,427$1,872$1,427$1,077$806$695
25 years$2,305$1,757$1,322$984$725$620
26 years$2,193$1,651$1,226$899$653$555
27 years$2,089$1,554$1,138$823$589$496
28 years$1,993$1,464$1,058$754$531$444
29 years$1,903$1,381$985$692$480$398
30 years$1,820$1,305$917$635$433$357
31 years$1,742$1,233$855$583$392$320
32 years$1,669$1,167$798$536$354$287
33 years$1,601$1,105$745$493$321$258
34 years$1,537$1,047$696$453$290$231
35 years$1,477$993$651$417$263$208
36 years$1,420$943$609$384$238$187
37 years$1,366$896$570$354$216$168
38 years$1,316$851$534$326$196$151
39 years$1,268$809$500$301$178$136
40 years$1,222$770$469$278$161$122
41 years$1,179$733$439$256$146$110
42 years$1,138$698$412$236$133$99
43 years$1,099$665$387$218$120$89
44 years$1,062$634$363$201$109$80
45 years$1,027$605$341$186$99$72
46 years$993$577$320$172$90$65
47 years$961$550$301$159$82$58
48 years$930$525$283$147$74$52
49 years$901$502$266$136$67$47
50 years$873$479$250$125$61$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $894,000, adding $4,229 every year, while hoping to spend $41,860 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: 34/50/16 Blend
49$894,000$894,000$894,000$894,000
50$989,550$942,168$928,311$1,018,156
51$1,045,946$943,796$914,871$1,041,073
52$1,106,690$944,100$899,577$1,061,554
53$1,172,184$942,972$882,324$1,082,742
54$1,242,865$940,296$863,001$1,104,723
55$1,319,216$935,949$841,490$1,127,592
56$1,401,766$929,801$817,670$1,151,461
57$1,491,099$921,713$791,414$1,176,454
58$1,587,853$911,540$762,589$1,202,712
59$1,692,733$899,124$731,054$1,230,395
60$1,806,513$884,302$696,666$1,259,681
61$1,930,043$866,899$659,270$1,290,774
62$2,064,261$846,730$618,709$1,323,900
63$2,210,195$823,600$574,815$1,359,316
64$2,368,979$797,301$527,416$1,397,309
65$2,541,860$767,613$476,329$1,438,200
66$2,730,208$734,305$421,365$1,482,351
67$2,935,534$697,130$362,325$1,530,166
68$3,159,499$655,830$299,004$1,582,097
69$3,403,931$610,129$231,184$1,638,650
70$3,670,844$559,737$158,640$1,700,388
71$3,962,452$504,347$81,137$1,767,943
72$4,281,196$443,633$0$1,842,018
73$4,629,761$377,254$0$1,923,665
74$5,011,103$304,847$0$2,028,288
75$5,428,480$226,028$0$2,143,042
76$5,885,475$140,394$0$2,269,056
77$6,386,038$47,518$0$2,407,586
78$6,934,516$0$0$2,560,025
79$7,535,697$0$0$2,757,104
80$8,194,856$0$0$3,001,987
81$8,917,800$0$0$3,270,703
82$9,710,927$0$0$3,565,647
83$10,581,283$0$0$3,889,458
84$11,536,631$0$0$4,245,041
85$12,585,520$0$0$4,635,597
86$13,737,368$0$0$5,064,653
87$15,002,551$0$0$5,536,095
88$16,392,498$0$0$6,054,200
89$17,919,800$0$0$6,623,686
90$19,598,327$0$0$7,249,746
91$21,443,361$0$0$7,938,102
92$23,471,738$0$0$8,695,061
93$25,702,006$0$0$9,527,569
94$28,154,599$0$0$10,443,279
95$30,852,034$0$0$11,450,625
96$33,819,115$0$0$12,558,897
97$37,083,174$0$0$13,778,332
98$40,674,324$0$0$15,120,211
99$44,625,744$0$0$16,596,960
100$48,973,992$0$0$18,222,274