Can I retire at age 50 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$73,000$72,350$71,715$71,096$70,491$69,872
2 years$36,139$35,466$34,813$34,181$33,567$32,943
3 years$23,853$23,177$22,526$21,900$21,296$20,687
4 years$17,712$17,038$16,393$15,778$15,189$14,598
5 years$14,028$13,358$12,722$12,119$11,546$10,977
6 years$11,572$10,908$10,281$9,691$9,136$8,588
7 years$9,819$9,160$8,544$7,968$7,430$6,904
8 years$8,505$7,852$7,246$6,684$6,164$5,660
9 years$7,484$6,837$6,241$5,693$5,191$4,709
10 years$6,667$6,026$5,441$4,908$4,423$3,962
11 years$5,999$5,365$4,790$4,271$3,804$3,364
12 years$5,443$4,815$4,251$3,746$3,296$2,878
13 years$4,973$4,351$3,798$3,308$2,875$2,476
14 years$4,570$3,955$3,413$2,936$2,520$2,141
15 years$4,221$3,613$3,081$2,618$2,219$1,859
16 years$3,916$3,315$2,793$2,345$1,961$1,620
17 years$3,648$3,053$2,542$2,107$1,739$1,416
18 years$3,409$2,821$2,320$1,898$1,546$1,241
19 years$3,196$2,615$2,124$1,715$1,378$1,089
20 years$3,004$2,430$1,950$1,554$1,231$959
21 years$2,831$2,263$1,793$1,410$1,101$845
22 years$2,674$2,113$1,653$1,282$987$746
23 years$2,531$1,976$1,526$1,168$886$659
24 years$2,400$1,851$1,411$1,065$797$583
25 years$2,279$1,737$1,307$973$717$516
26 years$2,168$1,633$1,212$889$646$457
27 years$2,065$1,537$1,126$814$582$406
28 years$1,970$1,448$1,047$746$525$360
29 years$1,882$1,366$974$684$474$320
30 years$1,799$1,290$907$628$429$284
31 years$1,723$1,219$846$576$387$252
32 years$1,651$1,154$789$530$350$224
33 years$1,583$1,093$737$487$317$200
34 years$1,520$1,036$688$448$287$178
35 years$1,460$982$644$413$260$158
36 years$1,404$932$602$380$236$141
37 years$1,351$886$563$350$214$125
38 years$1,301$842$528$323$194$112
39 years$1,253$800$494$298$176$99
40 years$1,209$761$463$274$159$89
41 years$1,166$725$435$253$144$79
42 years$1,125$690$408$234$131$70
43 years$1,087$658$382$216$119$63
44 years$1,050$627$359$199$108$56
45 years$1,015$598$337$184$98$50
46 years$982$570$317$170$89$44
47 years$950$544$297$157$81$40
48 years$920$520$280$145$73$35
49 years$891$496$263$134$67$31
50 years$863$474$247$124$61$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $884,000, adding $3,936 every year, while hoping to spend $28,684 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: 65/12/23 Blend
49$884,000$884,000$884,000$884,000
50$978,228$931,376$917,674$1,035,758
51$1,047,488$946,494$917,897$1,090,087
52$1,122,851$961,391$917,165$1,145,847
53$1,204,909$976,027$915,418$1,206,132
54$1,294,314$990,357$912,589$1,271,386
55$1,391,783$1,004,333$908,610$1,342,101
56$1,498,106$1,017,907$903,409$1,418,820
57$1,614,152$1,031,023$896,912$1,502,139
58$1,740,876$1,043,623$889,039$1,592,719
59$1,879,331$1,055,647$879,708$1,691,285
60$2,030,677$1,067,028$868,832$1,798,640
61$2,196,189$1,077,695$856,321$1,915,667
62$2,377,272$1,087,574$842,080$2,043,340
63$2,575,474$1,096,585$826,009$2,182,734
64$2,792,497$1,104,643$808,006$2,335,034
65$3,030,218$1,111,657$787,960$2,501,546
66$3,290,702$1,117,530$765,759$2,683,712
67$3,576,225$1,122,160$741,283$2,883,119
68$3,889,293$1,125,439$714,409$3,101,520
69$4,232,664$1,127,249$685,005$3,340,845
70$4,609,379$1,127,467$652,936$3,603,225
71$5,022,786$1,125,963$618,060$3,891,007
72$5,476,573$1,122,598$580,227$4,206,781
73$5,974,803$1,117,225$539,284$4,553,401
74$6,521,949$1,109,685$495,067$4,934,015
75$7,122,943$1,099,815$447,406$5,352,092
76$7,783,215$1,087,437$396,126$5,811,458
77$8,508,746$1,072,365$341,040$6,316,332
78$9,306,129$1,054,402$281,955$6,871,363
79$10,182,624$1,033,337$218,670$7,481,679
80$11,146,230$1,008,949$150,974$8,152,931
81$12,205,760$981,003$78,647$8,891,351
82$13,370,926$949,249$1,459$9,703,809
83$14,652,423$913,426$0$10,597,877
84$16,062,040$873,254$0$11,601,761
85$17,612,763$828,437$0$12,706,480
86$19,318,899$778,665$0$13,921,885
87$21,196,215$723,608$0$15,259,226
88$23,262,081$662,917$0$16,730,903
89$25,535,637$596,224$0$18,350,577
90$28,037,971$523,138$0$20,133,307
91$30,792,321$443,249$0$22,095,682
92$33,824,291$356,121$0$24,255,990
93$37,162,093$261,295$0$26,634,380
94$40,836,814$158,286$0$29,253,058
95$44,882,709$46,582$0$32,136,495
96$49,337,522$0$0$35,311,659
97$54,242,844$0$0$38,818,089
98$59,644,505$0$0$42,686,163
99$65,593,006$0$0$46,945,903
100$72,143,993$0$0$51,637,167