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%12.5%
1 years$73,908$73,250$72,608$71,981$71,369$70,623
2 years$36,588$35,907$35,246$34,606$33,985$33,234
3 years$24,150$23,466$22,807$22,172$21,561$20,829
4 years$17,932$17,250$16,597$15,974$15,378$14,669
5 years$14,202$13,524$12,880$12,270$11,690$11,007
6 years$11,716$11,043$10,409$9,812$9,250$8,593
7 years$9,942$9,274$8,650$8,067$7,523$6,893
8 years$8,611$7,950$7,336$6,767$6,241$5,638
9 years$7,577$6,922$6,318$5,764$5,256$4,679
10 years$6,750$6,101$5,509$4,969$4,478$3,928
11 years$6,074$5,431$4,850$4,324$3,851$3,327
12 years$5,511$4,875$4,304$3,793$3,337$2,839
13 years$5,035$4,406$3,845$3,349$2,910$2,436
14 years$4,627$4,004$3,455$2,973$2,551$2,101
15 years$4,274$3,658$3,119$2,651$2,246$1,820
16 years$3,965$3,356$2,828$2,374$1,985$1,581
17 years$3,693$3,091$2,574$2,133$1,760$1,378
18 years$3,452$2,856$2,349$1,922$1,565$1,204
19 years$3,236$2,647$2,151$1,737$1,395$1,054
20 years$3,042$2,460$1,974$1,573$1,246$925
21 years$2,867$2,291$1,816$1,428$1,115$813
22 years$2,707$2,139$1,673$1,298$1,000$715
23 years$2,562$2,000$1,545$1,182$897$630
24 years$2,429$1,874$1,429$1,078$806$556
25 years$2,307$1,759$1,323$985$726$490
26 years$2,195$1,653$1,227$900$654$433
27 years$2,091$1,556$1,140$824$589$383
28 years$1,995$1,466$1,060$755$532$339
29 years$1,905$1,383$986$692$480$300
30 years$1,822$1,306$918$635$434$266
31 years$1,744$1,235$856$584$392$235
32 years$1,671$1,168$799$536$355$209
33 years$1,603$1,106$746$493$321$185
34 years$1,539$1,049$697$454$291$164
35 years$1,478$995$652$418$263$145
36 years$1,421$944$610$385$239$129
37 years$1,368$897$571$354$216$115
38 years$1,317$852$534$327$196$102
39 years$1,269$810$501$301$178$90
40 years$1,224$771$469$278$161$80
41 years$1,180$734$440$256$146$71
42 years$1,139$699$413$237$133$63
43 years$1,100$666$387$218$120$56
44 years$1,063$635$363$202$109$50
45 years$1,028$605$341$186$99$44
46 years$994$577$321$172$90$39
47 years$962$551$301$159$82$35
48 years$931$526$283$147$74$31
49 years$902$502$266$136$68$28
50 years$874$480$250$125$61$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $895,000, adding $3,713 every year, while hoping to spend $38,804 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: 40/33/27 Blend
49$895,000$895,000$895,000$895,000
50$990,120$942,685$928,812$1,021,702
51$1,049,825$947,589$918,641$1,049,858
52$1,114,319$951,434$906,827$1,076,407
53$1,184,051$954,125$893,277$1,104,383
54$1,259,511$955,564$877,889$1,133,942
55$1,341,241$955,646$860,557$1,165,255
56$1,429,835$954,260$841,174$1,198,515
57$1,525,947$951,287$819,621$1,233,939
58$1,630,295$946,603$795,781$1,271,765
59$1,743,672$940,072$769,526$1,312,261
60$1,866,945$931,555$740,724$1,355,725
61$2,001,074$920,902$709,239$1,402,488
62$2,147,110$907,952$674,925$1,452,920
63$2,306,213$892,540$637,632$1,507,432
64$2,479,657$874,484$597,203$1,566,479
65$2,668,846$853,598$553,474$1,630,569
66$2,875,325$829,681$506,272$1,700,267
67$3,100,794$802,521$455,417$1,776,197
68$3,347,124$771,894$400,723$1,859,056
69$3,616,376$737,562$341,993$1,949,615
70$3,910,820$699,276$279,023$2,048,731
71$4,232,952$656,769$211,599$2,157,353
72$4,585,523$609,761$139,498$2,276,533
73$4,971,562$557,955$62,486$2,407,441
74$5,394,405$501,038$0$2,551,369
75$5,857,722$438,677$0$2,715,426
76$6,365,561$370,523$0$2,915,105
77$6,922,375$296,206$0$3,134,221
78$7,533,072$215,334$0$3,374,800
79$8,203,054$127,495$0$3,639,081
80$8,938,276$32,252$0$3,929,536
81$9,745,294$0$0$4,248,896
82$10,631,329$0$0$4,625,905
83$11,604,339$0$0$5,052,905
84$12,673,087$0$0$5,522,047
85$13,847,228$0$0$6,037,585
86$15,137,398$0$0$6,604,204
87$16,555,315$0$0$7,227,069
88$18,113,887$0$0$7,911,866
89$19,827,336$0$0$8,664,864
90$21,711,331$0$0$9,492,965
91$23,783,135$0$0$10,403,778
92$26,061,765$0$0$11,405,684
93$28,568,177$0$0$12,507,917
94$31,325,459$0$0$13,720,651
95$34,359,049$0$0$15,055,098
96$37,696,973$0$0$16,523,608
97$41,370,116$0$0$18,139,793
98$45,412,502$0$0$19,918,648
99$49,861,625$0$0$21,876,697
100$54,758,795$0$0$24,032,147