Can I retire at age 50 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$74,073$73,414$72,770$72,142$71,528$69,601
2 years$36,670$35,987$35,325$34,683$34,061$32,134
3 years$24,204$23,518$22,858$22,222$21,610$19,742
4 years$17,972$17,288$16,635$16,010$15,412$13,618
5 years$14,234$13,554$12,909$12,297$11,716$10,001
6 years$11,743$11,068$10,432$9,834$9,271$7,636
7 years$9,964$9,295$8,669$8,085$7,539$5,986
8 years$8,630$7,967$7,352$6,782$6,255$4,781
9 years$7,594$6,937$6,333$5,777$5,267$3,872
10 years$6,765$6,115$5,521$4,980$4,488$3,170
11 years$6,087$5,444$4,861$4,334$3,860$2,616
12 years$5,523$4,886$4,314$3,802$3,345$2,174
13 years$5,046$4,415$3,854$3,356$2,917$1,816
14 years$4,637$4,013$3,463$2,979$2,557$1,523
15 years$4,283$3,666$3,126$2,657$2,251$1,282
16 years$3,974$3,364$2,835$2,379$1,990$1,083
17 years$3,701$3,098$2,579$2,138$1,764$916
18 years$3,459$2,863$2,355$1,926$1,569$777
19 years$3,243$2,653$2,156$1,741$1,398$660
20 years$3,049$2,465$1,978$1,576$1,249$562
21 years$2,873$2,296$1,820$1,431$1,118$478
22 years$2,713$2,144$1,677$1,301$1,002$408
23 years$2,568$2,005$1,548$1,185$899$348
24 years$2,435$1,878$1,432$1,081$808$297
25 years$2,313$1,763$1,326$987$727$254
26 years$2,200$1,657$1,230$902$655$217
27 years$2,096$1,559$1,142$826$591$186
28 years$1,999$1,469$1,062$757$533$159
29 years$1,909$1,386$988$694$481$136
30 years$1,826$1,309$920$637$435$116
31 years$1,748$1,237$858$585$393$100
32 years$1,675$1,171$801$538$356$85
33 years$1,606$1,109$748$494$322$73
34 years$1,542$1,051$698$455$291$63
35 years$1,482$997$653$419$264$54
36 years$1,425$946$611$386$239$46
37 years$1,371$899$572$355$217$39
38 years$1,320$854$535$327$196$34
39 years$1,272$812$502$302$178$29
40 years$1,226$773$470$278$162$25
41 years$1,183$735$441$257$147$21
42 years$1,142$700$414$237$133$18
43 years$1,103$667$388$219$121$16
44 years$1,066$636$364$202$110$13
45 years$1,030$607$342$187$99$12
46 years$997$579$321$172$90$10
47 years$964$552$302$159$82$8
48 years$933$527$284$147$74$7
49 years$904$503$267$136$68$6
50 years$876$481$251$126$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $897,000, adding $4,641 every year, while hoping to spend $20,530 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: 86/6/8 Blend
49$897,000$897,000$897,000$897,000
50$993,281$945,740$931,837$1,077,475
51$1,072,752$970,238$941,209$1,157,593
52$1,159,641$995,248$950,208$1,242,322
53$1,254,683$1,020,773$958,799$1,334,778
54$1,358,687$1,046,817$966,945$1,435,726
55$1,472,544$1,073,382$974,608$1,546,007
56$1,597,236$1,100,470$981,750$1,666,548
57$1,733,842$1,128,082$988,327$1,798,369
58$1,883,554$1,156,218$994,296$1,942,596
59$2,047,681$1,184,878$999,610$2,100,466
60$2,227,668$1,214,060$1,004,220$2,273,343
61$2,425,104$1,243,762$1,008,075$2,462,730
62$2,641,739$1,273,982$1,011,120$2,670,281
63$2,879,504$1,304,714$1,013,300$2,897,820
64$3,140,523$1,335,954$1,014,555$3,147,356
65$3,427,135$1,367,695$1,014,822$3,421,100
66$3,741,920$1,399,929$1,014,035$3,721,491
67$4,087,718$1,432,647$1,012,127$4,051,214
68$4,467,656$1,465,838$1,009,025$4,413,227
69$4,885,182$1,499,490$1,004,652$4,810,791
70$5,344,094$1,533,588$998,931$5,247,496
71$5,848,574$1,568,116$991,778$5,727,299
72$6,403,232$1,603,057$983,106$6,254,561
73$7,013,145$1,638,390$972,823$6,834,085
74$7,683,908$1,674,093$960,835$7,471,163
75$8,421,684$1,710,142$947,041$8,171,628
76$9,233,266$1,746,508$931,336$8,941,906
77$10,126,134$1,783,163$913,611$9,789,076
78$11,108,534$1,820,072$893,751$10,720,941
79$12,189,549$1,857,200$871,637$11,746,097
80$13,379,188$1,894,507$847,141$12,874,018
81$14,688,479$1,931,952$820,134$14,115,140
82$16,129,572$1,969,486$790,477$15,480,967
83$17,715,858$2,007,060$758,027$16,984,171
84$19,462,088$2,044,619$722,634$18,638,719
85$21,384,519$2,082,103$684,140$20,460,001
86$23,501,063$2,119,449$642,382$22,464,974
87$25,831,457$2,156,588$597,187$24,672,326
88$28,397,449$2,193,445$548,377$27,102,649
89$31,223,005$2,229,940$495,764$29,778,634
90$34,334,532$2,265,987$439,153$32,725,288
91$37,761,129$2,301,495$378,338$35,970,163
92$41,534,859$2,336,363$313,107$39,543,626
93$45,691,055$2,370,485$243,237$43,479,137
94$50,268,652$2,403,749$168,495$47,813,567
95$55,310,553$2,436,031$88,639$52,587,551
96$60,864,035$2,467,202$3,413$57,845,863
97$66,981,194$2,497,122$0$63,637,847
98$73,719,437$2,525,642$0$70,025,349
99$81,142,025$2,552,604$0$77,061,613
100$89,318,668$2,577,838$0$84,812,401