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%17%
1 years$73,991$73,332$72,689$72,061$71,448$69,412
2 years$36,629$35,947$35,286$34,645$34,023$31,987
3 years$24,177$23,492$22,832$22,197$21,586$19,614
4 years$17,952$17,269$16,616$15,992$15,395$13,503
5 years$14,218$13,539$12,895$12,283$11,703$9,896
6 years$11,729$11,056$10,421$9,823$9,260$7,539
7 years$9,953$9,285$8,660$8,076$7,531$5,896
8 years$8,621$7,959$7,344$6,775$6,248$4,698
9 years$7,585$6,929$6,326$5,771$5,261$3,796
10 years$6,757$6,108$5,515$4,974$4,483$3,100
11 years$6,080$5,437$4,855$4,329$3,856$2,552
12 years$5,517$4,880$4,309$3,797$3,341$2,115
13 years$5,040$4,410$3,850$3,352$2,914$1,762
14 years$4,632$4,009$3,459$2,976$2,554$1,474
15 years$4,279$3,662$3,123$2,654$2,249$1,237
16 years$3,970$3,360$2,831$2,376$1,987$1,041
17 years$3,697$3,094$2,576$2,135$1,762$879
18 years$3,456$2,859$2,352$1,924$1,567$743
19 years$3,239$2,650$2,153$1,739$1,397$629
20 years$3,045$2,463$1,976$1,575$1,247$534
21 years$2,870$2,294$1,818$1,429$1,116$453
22 years$2,710$2,141$1,675$1,299$1,001$385
23 years$2,565$2,003$1,547$1,183$898$328
24 years$2,432$1,876$1,430$1,079$807$279
25 years$2,310$1,761$1,325$986$726$238
26 years$2,197$1,655$1,229$901$654$203
27 years$2,093$1,557$1,141$825$590$173
28 years$1,997$1,468$1,061$756$532$147
29 years$1,907$1,384$987$693$481$126
30 years$1,824$1,308$919$636$434$107
31 years$1,746$1,236$857$584$393$92
32 years$1,673$1,170$800$537$355$78
33 years$1,605$1,108$747$494$321$67
34 years$1,540$1,050$698$454$291$57
35 years$1,480$996$652$418$264$49
36 years$1,423$945$610$385$239$42
37 years$1,369$898$571$355$216$36
38 years$1,319$853$535$327$196$30
39 years$1,271$811$501$302$178$26
40 years$1,225$772$470$278$161$22
41 years$1,182$735$440$257$146$19
42 years$1,141$700$413$237$133$16
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$7
48 years$932$527$283$147$74$6
49 years$903$503$266$136$68$5
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 $6,438 every year, while hoping to spend $49,207 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: 44/44/12 Blend
49$896,000$896,000$896,000$896,000
50$994,033$946,545$932,657$1,034,074
51$1,043,068$940,570$911,545$1,056,631
52$1,095,456$932,652$888,077$1,075,584
53$1,151,486$922,646$862,121$1,095,035
54$1,211,477$910,395$833,541$1,115,047
55$1,275,777$895,733$802,194$1,135,698
56$1,344,768$878,486$767,929$1,157,071
57$1,418,870$858,468$730,591$1,179,268
58$1,498,545$835,483$690,015$1,202,399
59$1,584,297$809,322$646,031$1,226,593
60$1,676,682$779,765$598,460$1,251,996
61$1,776,310$746,581$547,115$1,278,773
62$1,883,852$709,521$491,801$1,307,110
63$2,000,043$668,325$432,315$1,337,221
64$2,125,692$622,719$368,443$1,369,343
65$2,261,690$572,409$299,962$1,403,745
66$2,409,013$517,088$226,642$1,440,732
67$2,568,738$456,430$148,240$1,480,643
68$2,742,045$390,092$64,502$1,523,863
69$2,930,236$317,708$0$1,570,821
70$3,134,740$238,896$0$1,625,182
71$3,357,130$153,248$0$1,693,324
72$3,599,137$60,338$0$1,767,621
73$3,862,666$0$0$1,848,786
74$4,149,812$0$0$1,957,123
75$4,462,882$0$0$2,107,190
76$4,804,413$0$0$2,271,003
77$5,177,199$0$0$2,449,915
78$5,584,315$0$0$2,645,415
79$6,029,147$0$0$2,859,142
80$6,515,421$0$0$3,092,902
81$7,047,242$0$0$3,348,683
82$7,629,126$0$0$3,628,673
83$8,266,050$0$0$3,935,283
84$8,963,490$0$0$4,271,166
85$9,727,480$0$0$4,639,245
86$10,564,663$0$0$5,042,740
87$11,482,355$0$0$5,485,195
88$12,488,615$0$0$5,970,515
89$13,592,317$0$0$6,503,002
90$14,803,238$0$0$7,087,393
91$16,132,145$0$0$7,728,906
92$17,590,898$0$0$8,433,289
93$19,192,563$0$0$9,206,874
94$20,951,529$0$0$10,056,636
95$22,883,653$0$0$10,990,260
96$25,006,397$0$0$12,016,211
97$27,339,002$0$0$13,143,815
98$29,902,665$0$0$14,383,346
99$32,720,737$0$0$15,746,123
100$35,818,944$0$0$17,244,617