Can I retire at age 50 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$72,917$72,268$71,634$71,016$70,412$67,725
2 years$36,098$35,425$34,774$34,142$33,529$30,854
3 years$23,826$23,151$22,501$21,875$21,272$18,693
4 years$17,691$17,018$16,375$15,760$15,172$12,708
5 years$14,012$13,343$12,708$12,105$11,533$9,191
6 years$11,559$10,895$10,270$9,681$9,126$6,907
7 years$9,808$9,150$8,534$7,959$7,422$5,325
8 years$8,496$7,843$7,238$6,677$6,157$4,181
9 years$7,475$6,829$6,234$5,687$5,185$3,327
10 years$6,659$6,019$5,435$4,902$4,418$2,674
11 years$5,992$5,359$4,785$4,266$3,800$2,166
12 years$5,437$4,810$4,246$3,742$3,293$1,765
13 years$4,967$4,346$3,794$3,304$2,871$1,446
14 years$4,565$3,951$3,409$2,933$2,517$1,189
15 years$4,216$3,609$3,078$2,615$2,216$980
16 years$3,912$3,311$2,790$2,342$1,959$811
17 years$3,644$3,050$2,539$2,104$1,737$672
18 years$3,405$2,818$2,318$1,896$1,544$557
19 years$3,192$2,612$2,122$1,713$1,376$463
20 years$3,001$2,427$1,947$1,552$1,229$385
21 years$2,828$2,261$1,791$1,408$1,100$321
22 years$2,671$2,110$1,651$1,281$986$268
23 years$2,528$1,974$1,524$1,166$885$223
24 years$2,397$1,849$1,410$1,064$796$186
25 years$2,277$1,735$1,306$971$716$155
26 years$2,166$1,631$1,211$888$645$130
27 years$2,063$1,535$1,124$813$581$108
28 years$1,968$1,446$1,045$745$525$91
29 years$1,880$1,364$973$683$474$76
30 years$1,797$1,289$906$627$428$63
31 years$1,721$1,218$845$576$387$53
32 years$1,649$1,153$788$529$350$44
33 years$1,581$1,092$736$487$317$37
34 years$1,518$1,034$688$448$287$31
35 years$1,459$981$643$412$260$26
36 years$1,402$931$601$380$235$22
37 years$1,349$885$563$350$213$18
38 years$1,299$841$527$322$193$15
39 years$1,252$799$494$297$175$13
40 years$1,207$761$463$274$159$11
41 years$1,165$724$434$253$144$9
42 years$1,124$689$407$233$131$7
43 years$1,086$657$382$215$119$6
44 years$1,049$626$359$199$108$5
45 years$1,014$597$337$184$98$4
46 years$981$570$316$170$89$4
47 years$949$544$297$157$81$3
48 years$919$519$279$145$73$3
49 years$890$496$262$134$67$2
50 years$862$473$247$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $883,000, adding $3,822 every year, while hoping to spend $37,558 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: 59/26/15 Blend
49$883,000$883,000$883,000$883,000
50$977,008$930,209$916,523$1,030,713
51$1,036,702$935,828$907,265$1,073,044
52$1,101,225$940,464$896,438$1,114,680
53$1,171,032$944,028$883,950$1,159,204
54$1,246,619$946,427$869,705$1,206,900
55$1,328,534$947,562$853,600$1,258,080
56$1,417,380$947,328$835,531$1,313,092
57$1,513,819$945,613$815,387$1,372,318
58$1,618,577$942,297$793,052$1,436,182
59$1,732,458$937,255$768,404$1,505,150
60$1,856,340$930,353$741,318$1,579,740
61$1,991,195$921,448$711,660$1,660,523
62$2,138,088$910,390$679,292$1,748,131
63$2,298,194$897,020$644,069$1,843,259
64$2,472,804$881,169$605,840$1,946,680
65$2,663,341$862,657$564,446$2,059,244
66$2,871,369$841,295$519,723$2,181,891
67$3,098,612$816,881$471,496$2,315,662
68$3,346,966$789,204$419,587$2,461,701
69$3,618,519$758,037$363,806$2,621,278
70$3,915,571$723,144$303,956$2,795,792
71$4,240,653$684,272$239,832$2,986,788
72$4,596,553$641,154$171,220$3,195,973
73$4,986,340$593,509$97,894$3,425,231
74$5,413,395$541,040$19,622$3,676,643
75$5,881,440$483,430$0$3,952,505
76$6,394,577$420,348$0$4,265,583
77$6,957,320$351,441$0$4,612,463
78$7,574,644$276,338$0$4,993,134
79$8,252,026$194,648$0$5,411,050
80$8,995,502$105,955$0$5,870,022
81$9,811,718$9,821$0$6,374,251
82$10,707,996$0$0$6,928,372
83$11,692,402$0$0$7,564,452
84$12,773,822$0$0$8,266,382
85$13,962,043$0$0$9,037,714
86$15,267,850$0$0$9,885,459
87$16,703,122$0$0$10,817,341
88$18,280,947$0$0$11,841,866
89$20,015,745$0$0$12,968,410
90$21,923,401$0$0$14,207,299
91$24,021,419$0$0$15,569,912
92$26,329,083$0$0$17,068,786
93$28,867,639$0$0$18,717,734
94$31,660,497$0$0$20,531,975
95$34,733,449$0$0$22,528,276
96$38,114,916$0$0$24,725,114
97$41,836,209$0$0$27,142,847
98$45,931,833$0$0$29,803,905
99$50,439,802$0$0$32,733,005
100$55,402,006$0$0$35,957,379