Can I retire at age 50 with 898,000?

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 $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%14.6%
1 years$74,156$73,495$72,851$72,222$71,608$70,248
2 years$36,711$36,027$35,365$34,722$34,099$32,734
3 years$24,231$23,544$22,883$22,247$21,634$20,307
4 years$17,992$17,307$16,653$16,028$15,429$14,150
5 years$14,250$13,569$12,924$12,311$11,729$10,502
6 years$11,756$11,080$10,444$9,845$9,281$8,106
7 years$9,975$9,305$8,679$8,094$7,548$6,427
8 years$8,640$7,976$7,361$6,790$6,262$5,193
9 years$7,602$6,945$6,340$5,784$5,273$4,257
10 years$6,772$6,122$5,527$4,985$4,493$3,528
11 years$6,094$5,450$4,866$4,339$3,864$2,949
12 years$5,529$4,891$4,318$3,806$3,349$2,483
13 years$5,051$4,420$3,858$3,360$2,920$2,102
14 years$4,642$4,018$3,467$2,983$2,560$1,787
15 years$4,288$3,670$3,130$2,660$2,254$1,526
16 years$3,978$3,368$2,838$2,382$1,992$1,306
17 years$3,706$3,101$2,582$2,140$1,766$1,122
18 years$3,463$2,866$2,357$1,928$1,570$965
19 years$3,247$2,656$2,158$1,743$1,400$832
20 years$3,052$2,468$1,980$1,578$1,250$719
21 years$2,876$2,299$1,822$1,432$1,119$622
22 years$2,716$2,146$1,679$1,302$1,003$538
23 years$2,571$2,007$1,550$1,186$900$467
24 years$2,438$1,881$1,434$1,082$809$405
25 years$2,315$1,765$1,328$988$728$352
26 years$2,202$1,659$1,231$903$656$305
27 years$2,098$1,561$1,144$827$591$266
28 years$2,001$1,471$1,063$758$534$231
29 years$1,912$1,388$989$695$482$201
30 years$1,828$1,310$921$638$435$175
31 years$1,750$1,239$859$586$394$152
32 years$1,677$1,172$802$538$356$133
33 years$1,608$1,110$748$495$322$116
34 years$1,544$1,052$699$455$292$101
35 years$1,483$998$654$419$264$88
36 years$1,426$947$612$386$239$76
37 years$1,372$900$572$356$217$67
38 years$1,322$855$536$328$197$58
39 years$1,273$813$502$302$178$51
40 years$1,228$773$471$279$162$44
41 years$1,184$736$441$257$147$39
42 years$1,143$701$414$237$133$34
43 years$1,104$668$389$219$121$29
44 years$1,067$637$365$202$110$26
45 years$1,031$607$342$187$100$22
46 years$998$579$322$173$90$19
47 years$965$553$302$159$82$17
48 years$935$528$284$147$75$15
49 years$905$504$267$136$68$13
50 years$877$481$251$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $898,000, adding $5,344 every year, while hoping to spend $21,169 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: 44/27/29 Blend
49$898,000$898,000$898,000$898,000
50$995,108$947,514$933,595$1,030,311
51$1,074,086$971,419$942,347$1,079,901
52$1,160,409$995,785$950,683$1,131,205
53$1,254,806$1,020,614$958,565$1,186,421
54$1,358,076$1,045,904$965,958$1,245,924
55$1,471,102$1,071,655$972,819$1,310,130
56$1,594,852$1,097,864$979,106$1,379,497
57$1,730,397$1,124,529$984,776$1,454,527
58$1,878,913$1,151,646$989,781$1,535,778
59$2,041,695$1,179,210$994,072$1,623,861
60$2,220,172$1,207,216$997,598$1,719,452
61$2,415,916$1,235,656$1,000,304$1,823,294
62$2,630,659$1,264,522$1,002,133$1,936,207
63$2,866,307$1,293,804$1,003,025$2,059,097
64$3,124,962$1,323,492$1,002,918$2,192,960
65$3,408,938$1,353,573$1,001,746$2,338,895
66$3,720,784$1,384,033$999,439$2,498,113
67$4,063,308$1,414,855$995,925$2,671,949
68$4,439,605$1,446,022$991,128$2,861,877
69$4,853,082$1,477,515$984,968$3,069,518
70$5,307,494$1,509,310$977,361$3,296,663
71$5,806,977$1,541,385$968,221$3,545,284
72$6,356,087$1,573,712$957,456$3,817,556
73$6,959,846$1,606,262$944,969$4,115,876
74$7,623,785$1,639,004$930,660$4,442,886
75$8,353,998$1,671,901$914,424$4,801,502
76$9,157,199$1,704,918$896,150$5,194,933
77$10,040,786$1,738,011$875,724$5,626,722
78$11,012,910$1,771,137$853,024$6,100,772
79$12,082,551$1,804,247$827,925$6,621,386
80$13,259,605$1,837,289$800,294$7,193,308
81$14,554,974$1,870,206$769,993$7,821,766
82$15,980,672$1,902,936$736,878$8,512,526
83$17,549,935$1,935,415$700,799$9,271,941
84$19,277,349$1,967,571$661,596$10,107,018
85$21,178,985$1,999,329$619,106$11,025,477
86$23,272,551$2,030,606$573,156$12,035,830
87$25,577,561$2,061,314$523,566$13,147,460
88$28,115,514$2,091,361$470,147$14,370,710
89$30,910,104$2,120,645$412,704$15,716,979
90$33,987,436$2,149,058$351,031$17,198,835
91$37,376,277$2,176,485$284,914$18,830,130
92$41,108,328$2,202,802$214,129$20,626,132
93$45,218,517$2,227,879$138,442$22,603,670
94$49,745,335$2,251,575$57,609$24,781,295
95$54,731,196$2,273,740$0$27,179,454
96$60,222,839$2,294,213$0$29,829,552
97$66,271,764$2,312,825$0$32,767,162
98$72,934,724$2,329,394$0$36,001,906
99$80,274,259$2,343,727$0$39,564,052
100$88,359,282$2,355,619$0$43,486,957