Can I retire at age 50 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$72,504$71,859$71,228$70,613$70,013$68,712
2 years$35,893$35,225$34,577$33,949$33,340$32,033
3 years$23,691$23,020$22,374$21,751$21,152$19,882
4 years$17,591$16,922$16,282$15,671$15,086$13,861
5 years$13,932$13,267$12,636$12,037$11,468$10,292
6 years$11,494$10,834$10,212$9,626$9,074$7,949
7 years$9,753$9,098$8,486$7,914$7,380$6,305
8 years$8,447$7,799$7,197$6,639$6,122$5,098
9 years$7,433$6,790$6,198$5,655$5,156$4,182
10 years$6,622$5,985$5,404$4,874$4,393$3,468
11 years$5,958$5,328$4,758$4,242$3,778$2,901
12 years$5,406$4,782$4,222$3,721$3,274$2,443
13 years$4,939$4,322$3,772$3,285$2,855$2,070
14 years$4,539$3,928$3,389$2,916$2,503$1,761
15 years$4,193$3,589$3,060$2,601$2,204$1,505
16 years$3,890$3,293$2,775$2,329$1,948$1,289
17 years$3,623$3,032$2,525$2,092$1,727$1,108
18 years$3,386$2,802$2,305$1,886$1,535$954
19 years$3,174$2,597$2,110$1,704$1,369$823
20 years$2,984$2,413$1,936$1,543$1,222$712
21 years$2,812$2,248$1,781$1,400$1,094$616
22 years$2,656$2,098$1,642$1,273$981$534
23 years$2,514$1,962$1,516$1,160$880$463
24 years$2,383$1,839$1,402$1,058$791$402
25 years$2,264$1,725$1,298$966$712$349
26 years$2,153$1,622$1,204$883$641$304
27 years$2,051$1,526$1,118$808$578$264
28 years$1,957$1,438$1,039$741$522$230
29 years$1,869$1,357$967$679$471$200
30 years$1,787$1,281$901$623$426$174
31 years$1,711$1,211$840$572$385$152
32 years$1,639$1,146$784$526$348$133
33 years$1,572$1,085$732$484$315$116
34 years$1,509$1,029$684$445$285$101
35 years$1,450$976$639$410$258$88
36 years$1,394$926$598$377$234$77
37 years$1,342$880$560$348$212$67
38 years$1,292$836$524$321$192$58
39 years$1,245$795$491$296$174$51
40 years$1,200$756$460$273$158$44
41 years$1,158$720$432$251$144$39
42 years$1,118$686$405$232$130$34
43 years$1,080$653$380$214$118$30
44 years$1,043$623$357$198$107$26
45 years$1,009$594$335$183$97$23
46 years$975$566$314$169$88$20
47 years$944$541$295$156$80$17
48 years$914$516$278$144$73$15
49 years$885$493$261$133$66$13
50 years$857$471$245$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $878,000, adding $4,630 every year, while hoping to spend $48,186 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: 37/40/23 Blend
49$878,000$878,000$878,000$878,000
50$972,332$925,798$912,189$1,001,445
51$1,020,240$919,892$891,478$1,017,223
52$1,071,420$912,083$868,458$1,029,447
53$1,126,155$902,224$843,001$1,041,685
54$1,184,754$890,165$814,972$1,053,968
55$1,247,557$875,741$784,233$1,066,331
56$1,314,939$858,783$750,635$1,078,822
57$1,387,307$839,108$714,026$1,091,495
58$1,465,112$816,524$674,245$1,104,413
59$1,548,846$790,826$631,125$1,117,653
60$1,639,051$761,800$584,491$1,131,303
61$1,736,322$729,216$534,159$1,145,467
62$1,841,313$692,833$479,939$1,160,265
63$1,954,741$652,396$421,632$1,175,834
64$2,077,396$607,635$359,027$1,192,334
65$2,210,144$558,263$291,909$1,209,948
66$2,353,940$503,979$220,049$1,228,882
67$2,509,831$444,463$143,210$1,249,374
68$2,678,971$379,379$61,144$1,271,695
69$2,862,626$308,369$0$1,296,150
70$3,062,192$231,057$0$1,329,572
71$3,279,203$147,046$0$1,382,302
72$3,515,345$55,915$0$1,439,830
73$3,772,477$0$0$1,502,726
74$4,052,640$0$0$1,590,456
75$4,358,085$0$0$1,713,046
76$4,691,285$0$0$1,846,892
77$5,054,965$0$0$1,993,102
78$5,452,123$0$0$2,152,897
79$5,886,061$0$0$2,327,620
80$6,360,411$0$0$2,518,753
81$6,879,175$0$0$2,727,922
82$7,446,758$0$0$2,956,923
83$8,068,011$0$0$3,207,731
84$8,748,274$0$0$3,482,521
85$9,493,430$0$0$3,783,689
86$10,309,956$0$0$4,113,874
87$11,204,986$0$0$4,475,982
88$12,186,376$0$0$4,873,212
89$13,262,781$0$0$5,309,092
90$14,443,731$0$0$5,787,505
91$15,739,724$0$0$6,312,727
92$17,162,325$0$0$6,889,471
93$18,724,271$0$0$7,522,927
94$20,439,594$0$0$8,218,815
95$22,323,752$0$0$8,983,432
96$24,393,773$0$0$9,823,718
97$26,668,415$0$0$10,747,318
98$29,168,344$0$0$11,762,656
99$31,916,329$0$0$12,879,011
100$34,937,452$0$0$14,106,605