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%11.7%
1 years$74,156$73,495$72,851$72,222$71,608$71,097
2 years$36,711$36,027$35,365$34,722$34,099$33,584
3 years$24,231$23,544$22,883$22,247$21,634$21,130
4 years$17,992$17,307$16,653$16,028$15,429$14,941
5 years$14,250$13,569$12,924$12,311$11,729$11,258
6 years$11,756$11,080$10,444$9,845$9,281$8,828
7 years$9,975$9,305$8,679$8,094$7,548$7,112
8 years$8,640$7,976$7,361$6,790$6,262$5,844
9 years$7,602$6,945$6,340$5,784$5,273$4,873
10 years$6,772$6,122$5,527$4,985$4,493$4,111
11 years$6,094$5,450$4,866$4,339$3,864$3,499
12 years$5,529$4,891$4,318$3,806$3,349$3,000
13 years$5,051$4,420$3,858$3,360$2,920$2,588
14 years$4,642$4,018$3,467$2,983$2,560$2,244
15 years$4,288$3,670$3,130$2,660$2,254$1,954
16 years$3,978$3,368$2,838$2,382$1,992$1,707
17 years$3,706$3,101$2,582$2,140$1,766$1,496
18 years$3,463$2,866$2,357$1,928$1,570$1,315
19 years$3,247$2,656$2,158$1,743$1,400$1,158
20 years$3,052$2,468$1,980$1,578$1,250$1,022
21 years$2,876$2,299$1,822$1,432$1,119$903
22 years$2,716$2,146$1,679$1,302$1,003$799
23 years$2,571$2,007$1,550$1,186$900$708
24 years$2,438$1,881$1,434$1,082$809$629
25 years$2,315$1,765$1,328$988$728$558
26 years$2,202$1,659$1,231$903$656$496
27 years$2,098$1,561$1,144$827$591$442
28 years$2,001$1,471$1,063$758$534$393
29 years$1,912$1,388$989$695$482$350
30 years$1,828$1,310$921$638$435$312
31 years$1,750$1,239$859$586$394$278
32 years$1,677$1,172$802$538$356$248
33 years$1,608$1,110$748$495$322$222
34 years$1,544$1,052$699$455$292$198
35 years$1,483$998$654$419$264$177
36 years$1,426$947$612$386$239$158
37 years$1,372$900$572$356$217$141
38 years$1,322$855$536$328$197$126
39 years$1,273$813$502$302$178$113
40 years$1,228$773$471$279$162$101
41 years$1,184$736$441$257$147$90
42 years$1,143$701$414$237$133$81
43 years$1,104$668$389$219$121$72
44 years$1,067$637$365$202$110$64
45 years$1,031$607$342$187$100$58
46 years$998$579$322$173$90$52
47 years$965$553$302$159$82$46
48 years$935$528$284$147$75$41
49 years$905$504$267$136$68$37
50 years$877$481$251$126$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $898,000, adding $4,618 every year, while hoping to spend $51,989 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: 76/15/9 Blend
49$898,000$898,000$898,000$898,000
50$994,359$946,765$932,846$1,068,120
51$1,040,468$937,841$908,781$1,108,374
52$1,089,538$926,737$882,167$1,145,401
53$1,141,815$913,291$852,864$1,184,501
54$1,197,570$897,333$820,725$1,225,860
55$1,257,100$878,680$785,597$1,269,683
56$1,320,730$857,141$747,320$1,316,198
57$1,388,815$832,512$705,726$1,365,655
58$1,461,746$804,577$660,640$1,418,332
59$1,539,951$773,108$611,878$1,474,533
60$1,623,900$737,864$559,250$1,534,597
61$1,714,108$698,590$502,555$1,598,897
62$1,811,142$655,015$441,585$1,667,846
63$1,915,622$606,854$376,121$1,741,898
64$2,028,230$553,805$305,937$1,821,557
65$2,149,717$495,549$230,793$1,907,378
66$2,280,906$431,749$150,443$1,999,975
67$2,422,702$362,048$64,626$2,100,026
68$2,576,099$286,069$0$2,208,279
69$2,742,190$203,416$0$2,328,150
70$2,922,177$113,667$0$2,464,756
71$3,117,382$16,379$0$2,612,919
72$3,329,258$0$0$2,773,785
73$3,559,403$0$0$2,963,289
74$3,809,575$0$0$3,172,254
75$4,081,709$0$0$3,399,594
76$4,377,933$0$0$3,647,091
77$4,700,589$0$0$3,916,707
78$5,052,252$0$0$4,210,598
79$5,435,760$0$0$4,531,139
80$5,854,233$0$0$4,880,944
81$6,311,107$0$0$5,262,889
82$6,810,164$0$0$5,680,141
83$7,355,567$0$0$6,136,187
84$7,951,901$0$0$6,634,865
85$8,604,212$0$0$7,180,400
86$9,318,057$0$0$7,777,447
87$10,099,555$0$0$8,431,129
88$10,955,444$0$0$9,147,089
89$11,893,144$0$0$9,931,540
90$12,920,828$0$0$10,791,325
91$14,047,494$0$0$11,733,982
92$15,283,056$0$0$12,767,811
93$16,638,431$0$0$13,901,955
94$18,125,644$0$0$15,146,484
95$19,757,941$0$0$16,512,491
96$21,549,911$0$0$18,012,194
97$23,517,628$0$0$19,659,052
98$25,678,794$0$0$21,467,893
99$28,052,914$0$0$23,455,050
100$30,661,474$0$0$25,638,516