Can I retire at age 50 with 895,000?

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 $895,000?

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$73,908$73,250$72,608$71,981$71,369$71,068
2 years$36,588$35,907$35,246$34,606$33,985$33,681
3 years$24,150$23,466$22,807$22,172$21,561$21,264
4 years$17,932$17,250$16,597$15,974$15,378$15,090
5 years$14,202$13,524$12,880$12,270$11,690$11,411
6 years$11,716$11,043$10,409$9,812$9,250$8,981
7 years$9,942$9,274$8,650$8,067$7,523$7,264
8 years$8,611$7,950$7,336$6,767$6,241$5,993
9 years$7,577$6,922$6,318$5,764$5,256$5,018
10 years$6,750$6,101$5,509$4,969$4,478$4,250
11 years$6,074$5,431$4,850$4,324$3,851$3,633
12 years$5,511$4,875$4,304$3,793$3,337$3,129
13 years$5,035$4,406$3,845$3,349$2,910$2,711
14 years$4,627$4,004$3,455$2,973$2,551$2,361
15 years$4,274$3,658$3,119$2,651$2,246$2,066
16 years$3,965$3,356$2,828$2,374$1,985$1,813
17 years$3,693$3,091$2,574$2,133$1,760$1,597
18 years$3,452$2,856$2,349$1,922$1,565$1,410
19 years$3,236$2,647$2,151$1,737$1,395$1,248
20 years$3,042$2,460$1,974$1,573$1,246$1,107
21 years$2,867$2,291$1,816$1,428$1,115$983
22 years$2,707$2,139$1,673$1,298$1,000$875
23 years$2,562$2,000$1,545$1,182$897$780
24 years$2,429$1,874$1,429$1,078$806$696
25 years$2,307$1,759$1,323$985$726$621
26 years$2,195$1,653$1,227$900$654$555
27 years$2,091$1,556$1,140$824$589$497
28 years$1,995$1,466$1,060$755$532$445
29 years$1,905$1,383$986$692$480$398
30 years$1,822$1,306$918$635$434$357
31 years$1,744$1,235$856$584$392$320
32 years$1,671$1,168$799$536$355$287
33 years$1,603$1,106$746$493$321$258
34 years$1,539$1,049$697$454$291$232
35 years$1,478$995$652$418$263$208
36 years$1,421$944$610$385$239$187
37 years$1,368$897$571$354$216$168
38 years$1,317$852$534$327$196$151
39 years$1,269$810$501$301$178$136
40 years$1,224$771$469$278$161$122
41 years$1,180$734$440$256$146$110
42 years$1,139$699$413$237$133$99
43 years$1,100$666$387$218$120$89
44 years$1,063$635$363$202$109$80
45 years$1,028$605$341$186$99$72
46 years$994$577$321$172$90$65
47 years$962$551$301$159$82$58
48 years$931$526$283$147$74$53
49 years$902$502$266$136$68$47
50 years$874$480$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 $895,000, adding $2,510 every year, while hoping to spend $30,163 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: 31/40/29 Blend
49$895,000$895,000$895,000$895,000
50$988,879$941,444$927,572$1,010,700
51$1,057,652$955,482$926,552$1,041,892
52$1,132,428$969,196$924,487$1,072,635
53$1,213,789$982,540$921,311$1,105,140
54$1,302,372$995,462$916,952$1,139,583
55$1,398,882$1,007,907$911,338$1,176,160
56$1,504,092$1,019,818$904,391$1,215,087
57$1,618,852$1,031,132$896,031$1,256,605
58$1,744,100$1,041,783$886,174$1,300,981
59$1,880,868$1,051,700$874,730$1,348,511
60$2,030,290$1,060,807$861,607$1,399,524
61$2,193,617$1,069,023$846,708$1,454,383
62$2,372,224$1,076,264$829,931$1,513,493
63$2,567,628$1,082,438$811,171$1,577,301
64$2,781,496$1,087,447$790,315$1,646,303
65$3,015,666$1,091,189$767,247$1,721,049
66$3,272,160$1,093,554$741,847$1,802,147
67$3,553,207$1,094,424$713,985$1,890,271
68$3,861,260$1,093,677$683,530$1,986,168
69$4,199,022$1,091,181$650,341$2,090,664
70$4,569,469$1,086,795$614,274$2,204,674
71$4,975,879$1,080,373$575,177$2,329,210
72$5,421,863$1,071,755$532,890$2,465,391
73$5,911,399$1,060,777$487,247$2,614,458
74$6,448,867$1,047,260$438,075$2,777,781
75$7,039,094$1,031,019$385,193$2,956,875
76$7,687,396$1,011,853$328,411$3,153,418
77$8,399,629$989,553$267,532$3,369,261
78$9,182,246$963,896$202,350$3,606,455
79$10,042,355$934,646$132,648$3,867,264
80$10,987,785$901,554$58,202$4,154,190
81$12,027,164$864,355$0$4,470,001
82$13,169,997$822,771$0$4,824,326
83$14,426,754$776,504$0$5,233,615
84$15,808,974$725,243$0$5,683,648
85$17,329,366$668,657$0$6,178,630
86$19,001,937$606,397$0$6,723,196
87$20,842,117$538,093$0$7,322,463
88$22,866,907$463,354$0$7,982,074
89$25,095,042$381,768$0$8,708,255
90$27,547,160$292,899$0$9,507,875
91$30,246,007$196,287$0$10,388,507
92$33,216,640$91,446$0$11,358,509
93$36,486,672$0$0$12,427,096
94$40,086,529$0$0$13,614,180
95$44,049,735$0$0$14,965,565
96$48,413,231$0$0$16,453,617
97$53,217,721$0$0$18,092,240
98$58,508,060$0$0$19,896,753
99$64,333,670$0$0$21,884,039
100$70,749,013$0$0$24,072,699