Can I retire at age 50 with 879,000?

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 $879,000?

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$72,587$71,940$71,310$70,694$70,093$68,762
2 years$35,934$35,265$34,616$33,987$33,377$32,042
3 years$23,718$23,046$22,399$21,776$21,176$19,877
4 years$17,611$16,941$16,301$15,688$15,103$13,851
5 years$13,948$13,282$12,650$12,050$11,481$10,280
6 years$11,507$10,846$10,223$9,637$9,085$7,935
7 years$9,764$9,108$8,495$7,923$7,388$6,291
8 years$8,457$7,808$7,205$6,646$6,129$5,083
9 years$7,441$6,798$6,206$5,661$5,162$4,167
10 years$6,629$5,992$5,410$4,880$4,398$3,453
11 years$5,965$5,334$4,763$4,247$3,782$2,887
12 years$5,412$4,788$4,227$3,725$3,278$2,430
13 years$4,945$4,327$3,777$3,289$2,858$2,057
14 years$4,544$3,933$3,393$2,919$2,506$1,749
15 years$4,197$3,593$3,064$2,604$2,206$1,493
16 years$3,894$3,296$2,778$2,331$1,950$1,279
17 years$3,627$3,036$2,528$2,095$1,729$1,098
18 years$3,390$2,805$2,307$1,888$1,537$945
19 years$3,178$2,600$2,112$1,706$1,370$815
20 years$2,987$2,416$1,939$1,545$1,224$704
21 years$2,815$2,250$1,783$1,402$1,095$609
22 years$2,659$2,101$1,643$1,275$982$527
23 years$2,516$1,965$1,517$1,161$881$457
24 years$2,386$1,841$1,403$1,059$792$396
25 years$2,266$1,727$1,300$967$713$344
26 years$2,156$1,624$1,205$884$642$299
27 years$2,054$1,528$1,119$809$579$260
28 years$1,959$1,440$1,041$742$522$226
29 years$1,871$1,358$968$680$472$197
30 years$1,789$1,283$902$624$426$171
31 years$1,713$1,213$841$573$385$149
32 years$1,641$1,147$785$527$348$130
33 years$1,574$1,087$733$484$315$113
34 years$1,511$1,030$684$446$286$99
35 years$1,452$977$640$410$259$86
36 years$1,396$927$599$378$234$75
37 years$1,343$881$560$348$212$65
38 years$1,294$837$525$321$193$57
39 years$1,246$796$492$296$175$50
40 years$1,202$757$461$273$158$43
41 years$1,159$721$432$252$144$38
42 years$1,119$686$405$232$130$33
43 years$1,081$654$380$214$118$29
44 years$1,044$623$357$198$107$25
45 years$1,010$594$335$183$97$22
46 years$977$567$315$169$89$19
47 years$945$541$296$156$80$17
48 years$915$517$278$144$73$15
49 years$886$493$261$133$66$13
50 years$858$471$246$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $879,000, adding $3,726 every year, while hoping to spend $44,295 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$879,000$879,000$879,000$879,000
50$972,501$925,914$912,290$1,014,789
51$1,024,567$924,155$895,722$1,042,617
52$1,080,459$920,824$877,115$1,067,932
53$1,140,520$915,799$856,352$1,094,415
54$1,205,128$908,948$833,315$1,122,188
55$1,274,697$900,132$807,877$1,151,391
56$1,349,681$889,204$779,906$1,182,180
57$1,430,579$876,006$749,264$1,214,730
58$1,517,942$860,373$715,807$1,249,234
59$1,612,370$842,130$679,386$1,285,912
60$1,714,528$821,091$639,841$1,325,008
61$1,825,143$797,057$597,009$1,366,793
62$1,945,017$769,822$550,718$1,411,571
63$2,075,029$739,164$500,788$1,459,682
64$2,216,149$704,850$447,031$1,511,504
65$2,369,442$666,633$389,251$1,567,458
66$2,536,078$624,251$327,245$1,628,012
67$2,717,347$577,429$260,797$1,693,691
68$2,914,668$525,874$189,684$1,765,074
69$3,129,599$469,277$113,674$1,842,808
70$3,363,860$407,313$32,524$1,927,614
71$3,619,338$339,636$0$2,020,289
72$3,898,115$265,883$0$2,128,646
73$4,202,480$185,668$0$2,251,641
74$4,534,953$98,586$0$2,386,236
75$4,898,308$4,207$0$2,533,683
76$5,295,601$0$0$2,695,370
77$5,730,193$0$0$2,917,011
78$6,205,789$0$0$3,161,738
79$6,726,466$0$0$3,429,764
80$7,296,715$0$0$3,723,413
81$7,921,479$0$0$4,045,244
82$8,606,205$0$0$4,398,077
83$9,356,890$0$0$4,785,015
84$10,180,140$0$0$5,209,478
85$11,083,230$0$0$5,675,233
86$12,074,174$0$0$6,186,428
87$13,161,798$0$0$6,747,634
88$14,355,826$0$0$7,363,883
89$15,666,968$0$0$8,040,721
90$17,107,022$0$0$8,784,257
91$18,688,985$0$0$9,601,220
92$20,427,176$0$0$10,499,024
93$22,337,367$0$0$11,485,836
94$24,436,936$0$0$12,570,654
95$26,745,028$0$0$13,763,391
96$29,282,734$0$0$15,074,970
97$32,073,292$0$0$16,517,422
98$35,142,304$0$0$18,104,005
99$38,517,978$0$0$19,849,328
100$42,231,392$0$0$21,769,482