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%12.3%
1 years$74,073$73,414$72,770$72,142$71,528$70,840
2 years$36,670$35,987$35,325$34,683$34,061$33,368
3 years$24,204$23,518$22,858$22,222$21,610$20,933
4 years$17,972$17,288$16,635$16,010$15,412$14,757
5 years$14,234$13,554$12,909$12,297$11,716$11,085
6 years$11,743$11,068$10,432$9,834$9,271$8,663
7 years$9,964$9,295$8,669$8,085$7,539$6,957
8 years$8,630$7,967$7,352$6,782$6,255$5,697
9 years$7,594$6,937$6,333$5,777$5,267$4,734
10 years$6,765$6,115$5,521$4,980$4,488$3,979
11 years$6,087$5,444$4,861$4,334$3,860$3,374
12 years$5,523$4,886$4,314$3,802$3,345$2,882
13 years$5,046$4,415$3,854$3,356$2,917$2,477
14 years$4,637$4,013$3,463$2,979$2,557$2,139
15 years$4,283$3,666$3,126$2,657$2,251$1,855
16 years$3,974$3,364$2,835$2,379$1,990$1,614
17 years$3,701$3,098$2,579$2,138$1,764$1,409
18 years$3,459$2,863$2,355$1,926$1,569$1,233
19 years$3,243$2,653$2,156$1,741$1,398$1,081
20 years$3,049$2,465$1,978$1,576$1,249$950
21 years$2,873$2,296$1,820$1,431$1,118$836
22 years$2,713$2,144$1,677$1,301$1,002$736
23 years$2,568$2,005$1,548$1,185$899$650
24 years$2,435$1,878$1,432$1,081$808$574
25 years$2,313$1,763$1,326$987$727$507
26 years$2,200$1,657$1,230$902$655$449
27 years$2,096$1,559$1,142$826$591$397
28 years$1,999$1,469$1,062$757$533$352
29 years$1,909$1,386$988$694$481$312
30 years$1,826$1,309$920$637$435$277
31 years$1,748$1,237$858$585$393$246
32 years$1,675$1,171$801$538$356$218
33 years$1,606$1,109$748$494$322$194
34 years$1,542$1,051$698$455$291$172
35 years$1,482$997$653$419$264$153
36 years$1,425$946$611$386$239$136
37 years$1,371$899$572$355$217$121
38 years$1,320$854$535$327$196$107
39 years$1,272$812$502$302$178$96
40 years$1,226$773$470$278$162$85
41 years$1,183$735$441$257$147$76
42 years$1,142$700$414$237$133$67
43 years$1,103$667$388$219$121$60
44 years$1,066$636$364$202$110$53
45 years$1,030$607$342$187$99$47
46 years$997$579$321$172$90$42
47 years$964$552$302$159$82$38
48 years$933$527$284$147$74$33
49 years$904$503$267$136$68$30
50 years$876$481$251$126$61$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $897,000, adding $4,220 every year, while hoping to spend $32,431 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: 61/29/10 Blend
49$897,000$897,000$897,000$897,000
50$992,847$945,306$931,402$1,050,896
51$1,059,611$957,120$928,098$1,102,129
52$1,132,098$968,425$923,596$1,153,917
53$1,210,858$979,164$917,822$1,209,620
54$1,296,494$989,272$910,698$1,269,618
55$1,389,673$998,682$902,143$1,334,328
56$1,491,125$1,007,323$892,070$1,404,212
57$1,601,656$1,015,118$880,391$1,479,778
58$1,722,152$1,021,986$867,011$1,561,589
59$1,853,588$1,027,840$851,832$1,650,263
60$1,997,037$1,032,587$834,752$1,746,483
61$2,153,681$1,036,131$815,663$1,851,002
62$2,324,821$1,038,366$794,452$1,964,651
63$2,511,889$1,039,181$771,002$2,088,348
64$2,716,460$1,038,459$745,189$2,223,104
65$2,940,271$1,036,076$716,884$2,370,033
66$3,185,232$1,031,897$685,954$2,530,367
67$3,453,449$1,025,783$652,256$2,705,463
68$3,747,238$1,017,584$615,645$2,896,819
69$4,069,153$1,007,142$575,965$3,106,086
70$4,422,003$994,289$533,056$3,335,085
71$4,808,884$978,846$486,751$3,585,828
72$5,233,207$960,626$436,873$3,860,529
73$5,698,725$939,427$383,239$4,161,634
74$6,209,576$915,040$325,659$4,491,840
75$6,770,315$887,240$263,931$4,854,121
76$7,385,961$855,789$197,847$5,251,756
77$8,062,044$820,437$127,189$5,688,363
78$8,804,652$780,918$51,730$6,167,933
79$9,620,495$736,952$0$6,694,865
80$10,516,964$688,241$0$7,277,084
81$11,502,201$634,471$0$7,922,960
82$12,585,176$575,311$0$8,632,895
83$13,775,772$510,409$0$9,413,427
84$15,084,876$439,394$0$10,271,760
85$16,524,483$361,875$0$11,215,840
86$18,107,811$277,437$0$12,254,424
87$19,849,420$185,643$0$13,397,167
88$21,765,353$86,032$0$14,654,715
89$23,873,287$0$0$16,038,800
90$26,192,698$0$0$17,569,343
91$28,745,046$0$0$19,283,888
92$31,553,974$0$0$21,170,874
93$34,645,537$0$0$23,247,814
94$38,048,441$0$0$25,534,003
95$41,794,316$0$0$28,050,704
96$45,918,017$0$0$30,821,343
97$50,457,945$0$0$33,871,735
98$55,456,420$0$0$37,230,326
99$60,960,070$0$0$40,928,459
100$67,020,275$0$0$45,000,672