Can I retire at age 50 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$72,670$72,022$71,391$70,774$70,172$69,010
2 years$35,975$35,305$34,656$34,026$33,415$32,248
3 years$23,745$23,072$22,425$21,801$21,200$20,063
4 years$17,631$16,961$16,319$15,706$15,120$14,023
5 years$13,964$13,297$12,664$12,064$11,494$10,440
6 years$11,520$10,858$10,235$9,648$9,095$8,085
7 years$9,775$9,119$8,505$7,932$7,397$6,431
8 years$8,467$7,816$7,213$6,654$6,136$5,215
9 years$7,450$6,806$6,213$5,668$5,168$4,290
10 years$6,637$5,999$5,416$4,886$4,403$3,569
11 years$5,972$5,340$4,768$4,252$3,787$2,995
12 years$5,418$4,793$4,232$3,729$3,281$2,531
13 years$4,950$4,332$3,781$3,293$2,862$2,151
14 years$4,549$3,937$3,397$2,923$2,508$1,836
15 years$4,202$3,597$3,067$2,607$2,209$1,574
16 years$3,899$3,300$2,781$2,334$1,952$1,354
17 years$3,631$3,039$2,530$2,097$1,731$1,167
18 years$3,394$2,808$2,310$1,890$1,539$1,009
19 years$3,182$2,603$2,115$1,708$1,372$874
20 years$2,991$2,419$1,941$1,547$1,225$758
21 years$2,818$2,253$1,785$1,404$1,096$659
22 years$2,662$2,103$1,645$1,276$983$573
23 years$2,519$1,967$1,519$1,162$882$499
24 years$2,389$1,843$1,405$1,060$793$435
25 years$2,269$1,729$1,301$968$714$379
26 years$2,158$1,625$1,207$885$643$331
27 years$2,056$1,530$1,121$810$579$289
28 years$1,961$1,441$1,042$742$523$253
29 years$1,873$1,360$969$681$472$221
30 years$1,791$1,284$903$625$427$193
31 years$1,715$1,214$842$574$386$169
32 years$1,643$1,149$785$527$349$148
33 years$1,576$1,088$733$485$316$130
34 years$1,513$1,031$685$446$286$114
35 years$1,454$978$641$411$259$99
36 years$1,398$928$599$378$235$87
37 years$1,345$882$561$349$213$76
38 years$1,295$838$525$321$193$67
39 years$1,248$797$492$296$175$59
40 years$1,203$758$461$273$159$51
41 years$1,161$721$433$252$144$45
42 years$1,120$687$406$233$131$40
43 years$1,082$655$381$215$118$35
44 years$1,046$624$357$198$108$30
45 years$1,011$595$336$183$98$27
46 years$978$568$315$169$89$23
47 years$946$542$296$156$80$20
48 years$916$517$278$144$73$18
49 years$887$494$262$133$66$16
50 years$859$472$246$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $880,000, adding $6,127 every year, while hoping to spend $32,156 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: 61/28/11 Blend
49$880,000$880,000$880,000$880,000
50$976,080$929,440$915,800$1,032,745
51$1,041,426$940,769$912,266$1,082,825
52$1,112,360$951,575$907,535$1,133,231
53$1,189,418$961,799$901,534$1,187,440
54$1,273,189$971,377$894,186$1,245,821
55$1,364,321$980,242$885,408$1,308,783
56$1,463,530$988,321$875,117$1,376,772
57$1,571,598$995,538$863,222$1,450,286
58$1,689,392$1,001,810$849,630$1,529,870
59$1,817,861$1,007,050$834,245$1,616,126
60$1,958,054$1,011,166$816,962$1,709,720
61$2,111,121$1,014,058$797,676$1,811,385
62$2,278,331$1,015,623$776,274$1,921,931
63$2,461,081$1,015,749$752,639$2,042,250
64$2,660,907$1,014,317$726,649$2,173,326
65$2,879,503$1,011,202$698,175$2,316,248
66$3,118,732$1,006,271$667,084$2,472,212
67$3,380,647$999,381$633,235$2,642,541
68$3,667,506$990,385$596,482$2,828,693
69$3,981,799$979,121$556,671$3,032,279
70$4,326,267$965,422$513,644$3,255,071
71$4,703,927$949,109$467,232$3,499,029
72$5,118,105$929,992$417,262$3,766,312
73$5,572,462$907,872$363,550$4,059,301
74$6,071,031$882,536$305,907$4,380,624
75$6,618,255$853,759$244,133$4,733,178
76$7,219,027$821,303$178,022$5,120,161
77$7,878,737$784,916$107,355$5,545,097
78$8,603,324$744,333$31,907$6,011,873
79$9,399,329$699,271$0$6,524,779
80$10,273,958$649,433$0$7,094,247
81$11,235,150$594,504$0$7,724,156
82$12,291,652$534,150$0$8,416,537
83$13,453,097$468,021$0$9,177,764
84$14,730,102$395,743$0$10,014,864
85$16,134,363$316,925$0$10,935,584
86$17,678,765$231,151$0$11,948,462
87$19,377,504$137,983$0$13,062,915
88$21,246,224$36,958$0$14,289,321
89$23,302,158$0$0$15,639,121
90$25,564,294$0$0$17,147,239
91$28,053,556$0$0$18,819,387
92$30,792,997$0$0$20,659,672
93$33,808,017$0$0$22,685,169
94$37,126,604$0$0$24,914,690
95$40,779,597$0$0$27,368,964
96$44,800,977$0$0$30,070,833
97$49,228,186$0$0$33,045,466
98$54,102,483$0$0$36,320,594
99$59,469,327$0$0$39,926,777
100$65,378,814$0$0$43,897,687