Can I retire at age 50 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$74,156$73,495$72,851$72,222$71,608$69,095
2 years$36,711$36,027$35,365$34,722$34,099$31,593
3 years$24,231$23,544$22,883$22,247$21,634$19,214
4 years$17,992$17,307$16,653$16,028$15,429$13,115
5 years$14,250$13,569$12,924$12,311$11,729$9,526
6 years$11,756$11,080$10,444$9,845$9,281$7,190
7 years$9,975$9,305$8,679$8,094$7,548$5,569
8 years$8,640$7,976$7,361$6,790$6,262$4,393
9 years$7,602$6,945$6,340$5,784$5,273$3,513
10 years$6,772$6,122$5,527$4,985$4,493$2,838
11 years$6,094$5,450$4,866$4,339$3,864$2,311
12 years$5,529$4,891$4,318$3,806$3,349$1,894
13 years$5,051$4,420$3,858$3,360$2,920$1,559
14 years$4,642$4,018$3,467$2,983$2,560$1,289
15 years$4,288$3,670$3,130$2,660$2,254$1,069
16 years$3,978$3,368$2,838$2,382$1,992$889
17 years$3,706$3,101$2,582$2,140$1,766$741
18 years$3,463$2,866$2,357$1,928$1,570$619
19 years$3,247$2,656$2,158$1,743$1,400$517
20 years$3,052$2,468$1,980$1,578$1,250$433
21 years$2,876$2,299$1,822$1,432$1,119$363
22 years$2,716$2,146$1,679$1,302$1,003$304
23 years$2,571$2,007$1,550$1,186$900$256
24 years$2,438$1,881$1,434$1,082$809$215
25 years$2,315$1,765$1,328$988$728$180
26 years$2,202$1,659$1,231$903$656$152
27 years$2,098$1,561$1,144$827$591$127
28 years$2,001$1,471$1,063$758$534$107
29 years$1,912$1,388$989$695$482$90
30 years$1,828$1,310$921$638$435$76
31 years$1,750$1,239$859$586$394$64
32 years$1,677$1,172$802$538$356$54
33 years$1,608$1,110$748$495$322$45
34 years$1,544$1,052$699$455$292$38
35 years$1,483$998$654$419$264$32
36 years$1,426$947$612$386$239$27
37 years$1,372$900$572$356$217$23
38 years$1,322$855$536$328$197$19
39 years$1,273$813$502$302$178$16
40 years$1,228$773$471$279$162$14
41 years$1,184$736$441$257$147$11
42 years$1,143$701$414$237$133$10
43 years$1,104$668$389$219$121$8
44 years$1,067$637$365$202$110$7
45 years$1,031$607$342$187$100$6
46 years$998$579$322$173$90$5
47 years$965$553$302$159$82$4
48 years$935$528$284$147$75$3
49 years$905$504$267$136$68$3
50 years$877$481$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $898,000, adding $2,176 every year, while hoping to spend $33,781 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: 47/46/7 Blend
49$898,000$898,000$898,000$898,000
50$991,841$944,247$930,328$1,036,492
51$1,057,066$954,572$925,551$1,077,692
52$1,127,811$964,271$919,482$1,118,658
53$1,204,605$973,278$912,042$1,162,325
54$1,288,028$981,521$903,148$1,208,955
55$1,378,716$988,925$892,713$1,258,835
56$1,477,374$995,411$880,647$1,312,283
57$1,584,772$1,000,892$866,855$1,369,653
58$1,701,761$1,005,278$851,237$1,431,332
59$1,829,276$1,008,472$833,689$1,497,752
60$1,968,347$1,010,372$814,102$1,569,387
61$2,120,107$1,010,868$792,363$1,646,765
62$2,285,801$1,009,845$768,351$1,730,467
63$2,466,805$1,007,179$741,942$1,821,134
64$2,664,628$1,002,739$713,006$1,919,479
65$2,880,934$996,388$681,406$2,026,285
66$3,117,556$987,978$647,000$2,142,421
67$3,376,510$977,352$609,638$2,268,845
68$3,660,019$964,347$569,165$2,406,617
69$3,970,526$948,786$525,418$2,556,907
70$4,310,727$930,483$478,227$2,721,009
71$4,683,588$909,243$427,414$2,900,352
72$5,092,375$884,857$372,793$3,096,514
73$5,540,686$857,105$314,171$3,311,238
74$6,032,486$825,752$251,345$3,546,450
75$6,572,138$790,553$184,104$3,804,276
76$7,164,452$751,246$112,227$4,087,065
77$7,814,723$707,554$35,484$4,397,411
78$8,528,787$659,185$0$4,738,176
79$9,313,068$605,831$0$5,115,990
80$10,174,649$547,164$0$5,533,929
81$11,121,328$482,840$0$5,993,214
82$12,161,697$412,493$0$6,498,119
83$13,305,222$335,737$0$7,053,360
84$14,562,333$252,166$0$7,664,143
85$15,944,518$161,350$0$8,336,211
86$17,464,436$62,833$0$9,075,901
87$19,136,034$0$0$9,890,204
88$20,974,676$0$0$10,809,039
89$22,997,293$0$0$11,854,914
90$25,222,539$0$0$13,005,684
91$27,670,963$0$0$14,271,991
92$30,365,213$0$0$15,665,564
93$33,330,238$0$0$17,199,322
94$36,593,531$0$0$18,887,504
95$40,185,383$0$0$20,745,797
96$44,139,172$0$0$22,791,486
97$48,491,677$0$0$25,043,619
98$53,283,422$0$0$27,523,182
99$58,559,061$0$0$30,253,302
100$64,367,798$0$0$33,259,461