Can I retire at age 50 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$73,082$72,431$71,796$71,176$70,571$68,176
2 years$36,179$35,506$34,853$34,219$33,605$31,216
3 years$23,880$23,203$22,552$21,925$21,321$19,012
4 years$17,732$17,057$16,412$15,796$15,206$12,997
5 years$14,043$13,373$12,736$12,132$11,559$9,455
6 years$11,585$10,920$10,293$9,702$9,147$7,148
7 years$9,830$9,171$8,553$7,977$7,439$5,546
8 years$8,515$7,861$7,254$6,692$6,171$4,383
9 years$7,492$6,844$6,248$5,700$5,197$3,511
10 years$6,674$6,033$5,447$4,913$4,428$2,842
11 years$6,006$5,371$4,795$4,276$3,808$2,319
12 years$5,449$4,820$4,256$3,751$3,300$1,904
13 years$4,978$4,356$3,802$3,311$2,878$1,571
14 years$4,575$3,960$3,416$2,939$2,523$1,301
15 years$4,226$3,617$3,085$2,621$2,221$1,082
16 years$3,921$3,319$2,797$2,347$1,963$901
17 years$3,652$3,057$2,545$2,109$1,741$753
18 years$3,413$2,824$2,323$1,901$1,548$630
19 years$3,200$2,618$2,127$1,717$1,379$528
20 years$3,008$2,432$1,952$1,555$1,232$443
21 years$2,834$2,266$1,795$1,412$1,103$372
22 years$2,677$2,115$1,655$1,283$988$313
23 years$2,534$1,978$1,528$1,169$887$263
24 years$2,402$1,853$1,413$1,066$797$222
25 years$2,282$1,739$1,309$974$718$187
26 years$2,170$1,635$1,214$890$646$157
27 years$2,068$1,538$1,127$815$583$133
28 years$1,972$1,450$1,048$747$526$112
29 years$1,884$1,368$975$685$475$94
30 years$1,801$1,291$908$628$429$80
31 years$1,724$1,221$847$577$388$67
32 years$1,652$1,155$790$530$351$57
33 years$1,585$1,094$738$488$318$48
34 years$1,521$1,037$689$449$287$40
35 years$1,462$983$644$413$260$34
36 years$1,406$933$603$380$236$29
37 years$1,353$887$564$351$214$24
38 years$1,302$843$528$323$194$21
39 years$1,255$801$495$298$176$17
40 years$1,210$762$464$275$159$15
41 years$1,167$726$435$253$145$12
42 years$1,127$691$408$234$131$10
43 years$1,088$658$383$216$119$9
44 years$1,052$628$359$199$108$7
45 years$1,017$598$337$184$98$6
46 years$983$571$317$170$89$5
47 years$951$545$298$157$81$4
48 years$921$520$280$145$73$4
49 years$892$497$263$134$67$3
50 years$864$474$247$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $885,000, adding $5,980 every year, while hoping to spend $29,565 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: 59/18/23 Blend
49$885,000$885,000$885,000$885,000
50$981,438$934,533$920,816$1,032,980
51$1,050,088$948,869$920,206$1,083,062
52$1,124,749$962,915$918,585$1,133,948
53$1,206,004$976,628$915,888$1,188,805
54$1,294,492$989,959$912,046$1,248,023
55$1,390,918$1,002,855$906,988$1,312,034
56$1,496,059$1,015,261$900,638$1,381,313
57$1,610,766$1,027,119$892,919$1,456,386
58$1,735,980$1,038,363$883,748$1,537,832
59$1,872,734$1,048,928$873,038$1,626,291
60$2,022,168$1,058,740$860,700$1,722,467
61$2,185,534$1,067,723$846,638$1,827,138
62$2,364,212$1,075,795$830,754$1,941,163
63$2,559,722$1,082,869$812,944$2,065,489
64$2,773,735$1,088,851$793,100$2,201,159
65$3,008,096$1,093,644$771,108$2,349,327
66$3,264,831$1,097,143$746,849$2,511,262
67$3,546,175$1,099,234$720,201$2,688,368
68$3,854,590$1,099,801$691,031$2,882,191
69$4,192,783$1,098,717$659,206$3,094,437
70$4,563,741$1,095,847$624,583$3,326,987
71$4,970,749$1,091,051$587,014$3,581,917
72$5,417,431$1,084,178$546,344$3,861,516
73$5,907,773$1,075,067$502,411$4,168,309
74$6,446,170$1,063,549$455,046$4,505,081
75$7,037,461$1,049,444$404,071$4,874,901
76$7,686,978$1,032,563$349,304$5,281,158
77$8,400,594$1,012,703$290,550$5,727,586
78$9,184,779$989,650$227,608$6,218,303
79$10,046,662$963,179$160,268$6,757,853
80$10,994,096$933,049$88,312$7,351,243
81$12,035,732$899,007$11,509$8,003,997
82$13,181,103$860,784$0$8,722,204
83$14,440,710$818,097$0$9,529,870
84$15,826,123$770,644$0$10,421,248
85$17,350,092$718,110$0$11,401,738
86$19,026,660$660,156$0$12,480,409
87$20,871,305$596,429$0$13,667,255
88$22,901,077$526,553$0$14,973,291
89$25,134,764$450,132$0$16,410,657
90$27,593,068$366,746$0$17,992,733
91$30,298,796$275,952$0$19,734,266
92$33,277,084$177,284$0$21,651,506
93$36,555,622$70,246$0$23,762,367
94$40,164,926$0$0$26,086,587
95$44,138,619$0$0$28,654,974
96$48,513,750$0$0$31,498,240
97$53,331,143$0$0$34,629,013
98$58,635,784$0$0$38,076,541
99$64,477,241$0$0$41,873,050
100$70,910,136$0$0$46,054,054