Can I retire at age 50 with 896,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$73,991$73,332$72,689$72,061$71,448$68,996
2 years$36,629$35,947$35,286$34,645$34,023$31,577
3 years$24,177$23,492$22,832$22,197$21,586$19,223
4 years$17,952$17,269$16,616$15,992$15,395$13,134
5 years$14,218$13,539$12,895$12,283$11,703$9,549
6 years$11,729$11,056$10,421$9,823$9,260$7,216
7 years$9,953$9,285$8,660$8,076$7,531$5,595
8 years$8,621$7,959$7,344$6,775$6,248$4,419
9 years$7,585$6,929$6,326$5,771$5,261$3,538
10 years$6,757$6,108$5,515$4,974$4,483$2,862
11 years$6,080$5,437$4,855$4,329$3,856$2,334
12 years$5,517$4,880$4,309$3,797$3,341$1,915
13 years$5,040$4,410$3,850$3,352$2,914$1,579
14 years$4,632$4,009$3,459$2,976$2,554$1,307
15 years$4,279$3,662$3,123$2,654$2,249$1,086
16 years$3,970$3,360$2,831$2,376$1,987$904
17 years$3,697$3,094$2,576$2,135$1,762$755
18 years$3,456$2,859$2,352$1,924$1,567$631
19 years$3,239$2,650$2,153$1,739$1,397$528
20 years$3,045$2,463$1,976$1,575$1,247$443
21 years$2,870$2,294$1,818$1,429$1,116$372
22 years$2,710$2,141$1,675$1,299$1,001$312
23 years$2,565$2,003$1,547$1,183$898$263
24 years$2,432$1,876$1,430$1,079$807$221
25 years$2,310$1,761$1,325$986$726$186
26 years$2,197$1,655$1,229$901$654$157
27 years$2,093$1,557$1,141$825$590$132
28 years$1,997$1,468$1,061$756$532$111
29 years$1,907$1,384$987$693$481$94
30 years$1,824$1,308$919$636$434$79
31 years$1,746$1,236$857$584$393$67
32 years$1,673$1,170$800$537$355$56
33 years$1,605$1,108$747$494$321$47
34 years$1,540$1,050$698$454$291$40
35 years$1,480$996$652$418$264$34
36 years$1,423$945$610$385$239$28
37 years$1,369$898$571$355$216$24
38 years$1,319$853$535$327$196$20
39 years$1,271$811$501$302$178$17
40 years$1,225$772$470$278$161$14
41 years$1,182$735$440$257$146$12
42 years$1,141$700$413$237$133$10
43 years$1,102$667$388$219$121$9
44 years$1,065$635$364$202$109$7
45 years$1,029$606$342$186$99$6
46 years$995$578$321$172$90$5
47 years$963$552$301$159$82$4
48 years$932$527$283$147$74$4
49 years$903$503$266$136$68$3
50 years$875$480$250$126$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $896,000, adding $3,492 every year, while hoping to spend $48,279 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: 67/19/14 Blend
49$896,000$896,000$896,000$896,000
50$990,994$943,506$929,618$1,053,951
51$1,040,707$938,369$909,392$1,091,231
52$1,093,872$931,363$886,870$1,125,964
53$1,150,792$922,344$861,924$1,162,720
54$1,211,795$911,161$834,421$1,201,695
55$1,277,245$897,655$804,221$1,243,104
56$1,347,539$881,655$771,178$1,287,186
57$1,423,113$862,982$735,138$1,334,204
58$1,504,447$841,444$695,941$1,384,453
59$1,592,067$816,841$653,421$1,438,256
60$1,686,550$788,958$607,403$1,495,971
61$1,788,531$757,570$557,704$1,557,997
62$1,898,708$722,438$504,134$1,624,774
63$2,017,847$683,308$446,493$1,696,787
64$2,146,790$639,913$384,573$1,774,576
65$2,286,464$591,970$318,158$1,858,737
66$2,437,887$539,180$247,019$1,949,930
67$2,602,178$481,227$170,921$2,048,883
68$2,780,569$417,776$89,616$2,156,405
69$2,974,415$348,475$2,846$2,273,388
70$3,185,205$272,950$0$2,400,818
71$3,414,579$190,807$0$2,553,194
72$3,664,340$101,630$0$2,719,642
73$3,936,473$4,981$0$2,901,112
74$4,233,162$0$0$3,099,124
75$4,556,812$0$0$3,336,182
76$4,910,068$0$0$3,596,114
77$5,295,842$0$0$3,880,027
78$5,717,341$0$0$4,190,288
79$6,178,094$0$0$4,529,503
80$6,681,989$0$0$4,900,539
81$7,233,303$0$0$5,306,556
82$7,836,748$0$0$5,751,030
83$8,497,513$0$0$6,237,792
84$9,221,310$0$0$6,771,058
85$10,014,432$0$0$7,355,473
86$10,883,807$0$0$7,996,152
87$11,837,067$0$0$8,698,729
88$12,882,619$0$0$9,469,408
89$14,029,718$0$0$10,315,024
90$15,288,564$0$0$11,243,104
91$16,670,388$0$0$12,261,941
92$18,187,563$0$0$13,380,668
93$19,853,720$0$0$14,609,348
94$21,683,872$0$0$15,959,065
95$23,694,558$0$0$17,442,029
96$25,904,002$0$0$19,071,692
97$28,332,275$0$0$20,862,874
98$31,001,493$0$0$22,831,901
99$33,936,021$0$0$24,996,761
100$37,162,700$0$0$27,377,271