Can I retire at age 50 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$74,239$73,577$72,932$72,302$71,688$69,337
2 years$36,752$36,067$35,404$34,761$34,137$31,792
3 years$24,258$23,570$22,909$22,272$21,658$19,391
4 years$18,012$17,327$16,672$16,045$15,447$13,275
5 years$14,266$13,584$12,938$12,324$11,742$9,673
6 years$11,769$11,093$10,456$9,856$9,291$7,325
7 years$9,986$9,316$8,689$8,103$7,556$5,693
8 years$8,650$7,985$7,369$6,797$6,269$4,507
9 years$7,611$6,953$6,347$5,790$5,279$3,617
10 years$6,780$6,128$5,533$4,991$4,498$2,933
11 years$6,101$5,456$4,871$4,344$3,868$2,398
12 years$5,535$4,897$4,323$3,810$3,352$1,973
13 years$5,057$4,425$3,862$3,364$2,923$1,631
14 years$4,647$4,022$3,470$2,986$2,563$1,354
15 years$4,293$3,675$3,133$2,663$2,256$1,128
16 years$3,983$3,371$2,841$2,384$1,994$942
17 years$3,710$3,105$2,585$2,142$1,768$789
18 years$3,467$2,869$2,360$1,931$1,572$661
19 years$3,250$2,659$2,160$1,744$1,401$556
20 years$3,055$2,471$1,983$1,580$1,252$467
21 years$2,879$2,302$1,824$1,434$1,120$393
22 years$2,719$2,148$1,681$1,304$1,004$331
23 years$2,574$2,009$1,552$1,187$901$280
24 years$2,440$1,883$1,435$1,083$810$236
25 years$2,318$1,767$1,329$989$729$199
26 years$2,205$1,660$1,233$904$657$168
27 years$2,100$1,563$1,145$828$592$142
28 years$2,004$1,473$1,064$758$534$120
29 years$1,914$1,389$990$695$482$102
30 years$1,830$1,312$923$638$436$86
31 years$1,752$1,240$860$586$394$73
32 years$1,679$1,173$802$539$356$61
33 years$1,610$1,111$749$495$323$52
34 years$1,546$1,053$700$456$292$44
35 years$1,485$999$654$420$265$37
36 years$1,428$948$612$386$240$32
37 years$1,374$901$573$356$217$27
38 years$1,323$856$537$328$197$23
39 years$1,275$814$503$303$179$19
40 years$1,229$774$471$279$162$16
41 years$1,186$737$442$258$147$14
42 years$1,145$702$415$238$133$12
43 years$1,105$669$389$219$121$10
44 years$1,068$638$365$203$110$8
45 years$1,033$608$343$187$100$7
46 years$999$580$322$173$91$6
47 years$966$553$302$160$82$5
48 years$936$528$284$148$75$4
49 years$906$505$267$136$68$4
50 years$878$482$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $899,000, adding $6,403 every year, while hoping to spend $47,515 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: 47/41/12 Blend
49$899,000$899,000$899,000$899,000
50$997,303$949,656$935,721$1,040,553
51$1,048,472$945,633$916,512$1,067,061
52$1,103,268$939,821$895,067$1,090,398
53$1,162,011$932,082$871,261$1,114,660
54$1,225,051$922,268$844,963$1,139,951
55$1,292,773$910,227$816,037$1,166,387
56$1,365,600$895,792$784,338$1,194,097
57$1,443,996$878,790$749,718$1,223,230
58$1,528,469$859,038$712,020$1,253,949
59$1,619,581$836,338$671,080$1,286,442
60$1,717,945$810,485$626,728$1,320,916
61$1,824,237$781,261$578,785$1,357,606
62$1,939,199$748,433$527,065$1,396,772
63$2,063,648$711,756$471,371$1,438,709
64$2,198,479$670,971$411,502$1,483,744
65$2,344,680$625,805$347,243$1,532,244
66$2,503,335$575,967$278,374$1,584,619
67$2,675,638$521,152$204,661$1,641,327
68$2,862,899$461,034$125,864$1,702,877
69$3,066,563$395,273$41,728$1,769,840
70$3,288,217$323,507$0$1,842,849
71$3,529,610$245,353$0$1,928,765
72$3,792,663$160,409$0$2,028,323
73$4,079,494$68,247$0$2,137,087
74$4,392,430$0$0$2,256,071
75$4,734,036$0$0$2,400,645
76$5,107,134$0$0$2,592,271
77$5,514,829$0$0$2,801,766
78$5,960,543$0$0$3,030,900
79$6,448,041$0$0$3,281,621
80$6,981,468$0$0$3,556,074
81$7,565,390$0$0$3,856,624
82$8,204,834$0$0$4,185,871
83$8,905,336$0$0$4,546,681
84$9,672,994$0$0$4,942,211
85$10,514,521$0$0$5,375,935
86$11,437,312$0$0$5,851,682
87$12,449,513$0$0$6,373,668
88$13,560,094$0$0$6,946,538
89$14,778,938$0$0$7,575,407
90$16,116,929$0$0$8,265,912
91$17,586,057$0$0$9,024,259
92$19,199,529$0$0$9,857,286
93$20,971,897$0$0$10,772,528
94$22,919,187$0$0$11,778,284
95$25,059,058$0$0$12,883,695
96$27,410,962$0$0$14,098,836
97$29,996,331$0$0$15,434,802
98$32,838,775$0$0$16,903,821
99$35,964,307$0$0$18,519,361
100$39,401,587$0$0$20,296,264