Can I retire at age 50 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$73,991$73,332$72,689$72,061$71,448$69,440
2 years$36,629$35,947$35,286$34,645$34,023$32,015
3 years$24,177$23,492$22,832$22,197$21,586$19,640
4 years$17,952$17,269$16,616$15,992$15,395$13,528
5 years$14,218$13,539$12,895$12,283$11,703$9,919
6 years$11,729$11,056$10,421$9,823$9,260$7,561
7 years$9,953$9,285$8,660$8,076$7,531$5,917
8 years$8,621$7,959$7,344$6,775$6,248$4,718
9 years$7,585$6,929$6,326$5,771$5,261$3,814
10 years$6,757$6,108$5,515$4,974$4,483$3,116
11 years$6,080$5,437$4,855$4,329$3,856$2,567
12 years$5,517$4,880$4,309$3,797$3,341$2,129
13 years$5,040$4,410$3,850$3,352$2,914$1,774
14 years$4,632$4,009$3,459$2,976$2,554$1,485
15 years$4,279$3,662$3,123$2,654$2,249$1,248
16 years$3,970$3,360$2,831$2,376$1,987$1,051
17 years$3,697$3,094$2,576$2,135$1,762$888
18 years$3,456$2,859$2,352$1,924$1,567$751
19 years$3,239$2,650$2,153$1,739$1,397$637
20 years$3,045$2,463$1,976$1,575$1,247$540
21 years$2,870$2,294$1,818$1,429$1,116$459
22 years$2,710$2,141$1,675$1,299$1,001$391
23 years$2,565$2,003$1,547$1,183$898$333
24 years$2,432$1,876$1,430$1,079$807$283
25 years$2,310$1,761$1,325$986$726$242
26 years$2,197$1,655$1,229$901$654$206
27 years$2,093$1,557$1,141$825$590$176
28 years$1,997$1,468$1,061$756$532$150
29 years$1,907$1,384$987$693$481$128
30 years$1,824$1,308$919$636$434$109
31 years$1,746$1,236$857$584$393$93
32 years$1,673$1,170$800$537$355$80
33 years$1,605$1,108$747$494$321$68
34 years$1,540$1,050$698$454$291$58
35 years$1,480$996$652$418$264$50
36 years$1,423$945$610$385$239$43
37 years$1,369$898$571$355$216$36
38 years$1,319$853$535$327$196$31
39 years$1,271$811$501$302$178$27
40 years$1,225$772$470$278$161$23
41 years$1,182$735$440$257$146$19
42 years$1,141$700$413$237$133$17
43 years$1,102$667$388$219$121$14
44 years$1,065$635$364$202$109$12
45 years$1,029$606$342$186$99$10
46 years$995$578$321$172$90$9
47 years$963$552$301$159$82$8
48 years$932$527$283$147$74$7
49 years$903$503$266$136$68$6
50 years$875$480$250$126$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $896,000, adding $4,234 every year, while hoping to spend $58,246 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: 58/21/21 Blend
49$896,000$896,000$896,000$896,000
50$991,759$944,271$930,383$1,043,498
51$1,030,946$928,567$899,578$1,063,473
52$1,072,177$910,142$865,788$1,078,583
53$1,115,599$888,800$828,853$1,093,774
54$1,161,374$864,335$788,604$1,109,065
55$1,209,676$836,528$744,863$1,124,483
56$1,260,694$805,149$697,447$1,140,057
57$1,314,637$769,953$646,163$1,155,826
58$1,371,730$730,681$590,810$1,171,832
59$1,432,221$687,060$531,177$1,188,130
60$1,496,380$638,798$467,044$1,204,779
61$1,564,503$585,592$398,183$1,221,851
62$1,636,913$527,116$324,352$1,239,431
63$1,713,962$463,029$245,302$1,257,613
64$1,796,039$392,969$160,772$1,276,510
65$1,883,565$316,555$70,488$1,296,249
66$1,977,005$233,383$0$1,316,976
67$2,076,868$143,027$0$1,344,652
68$2,183,711$45,038$0$1,390,904
69$2,298,144$0$0$1,440,208
70$2,420,837$0$0$1,506,990
71$2,552,526$0$0$1,589,891
72$2,694,018$0$0$1,679,017
73$2,846,197$0$0$1,774,933
74$3,010,036$0$0$1,878,259
75$3,186,604$0$0$1,989,676
76$3,377,071$0$0$2,109,932
77$3,582,728$0$0$2,239,850
78$3,804,989$0$0$2,380,332
79$4,045,410$0$0$2,532,373
80$4,305,703$0$0$2,697,063
81$4,587,746$0$0$2,875,602
82$4,893,608$0$0$3,069,311
83$5,225,563$0$0$3,279,640
84$5,586,110$0$0$3,508,187
85$5,978,000$0$0$3,756,708
86$6,404,259$0$0$4,027,134
87$6,868,217$0$0$4,321,591
88$7,373,537$0$0$4,642,420
89$7,924,249$0$0$4,992,194
90$8,524,789$0$0$5,373,746
91$9,180,042$0$0$5,790,196
92$9,895,380$0$0$6,244,976
93$10,676,721$0$0$6,741,866
94$11,530,576$0$0$7,285,024
95$12,464,117$0$0$7,879,034
96$13,485,239$0$0$8,528,936
97$14,602,632$0$0$9,240,285
98$15,825,870$0$0$10,019,196
99$17,165,491$0$0$10,872,403
100$18,633,104$0$0$11,807,320