Can I retire at age 50 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$73,330$72,677$72,040$71,418$70,810$70,071
2 years$36,302$35,626$34,971$34,335$33,719$32,975
3 years$23,961$23,282$22,628$21,999$21,393$20,666
4 years$17,792$17,115$16,468$15,849$15,258$14,554
5 years$14,091$13,418$12,780$12,174$11,599$10,921
6 years$11,625$10,957$10,328$9,735$9,178$8,526
7 years$9,864$9,202$8,582$8,004$7,464$6,839
8 years$8,544$7,887$7,279$6,714$6,192$5,594
9 years$7,517$6,867$6,269$5,719$5,215$4,643
10 years$6,697$6,053$5,466$4,930$4,443$3,897
11 years$6,026$5,389$4,812$4,291$3,821$3,301
12 years$5,467$4,837$4,270$3,763$3,311$2,816
13 years$4,995$4,371$3,815$3,322$2,888$2,417
14 years$4,591$3,973$3,428$2,949$2,531$2,085
15 years$4,240$3,630$3,095$2,630$2,229$1,805
16 years$3,934$3,330$2,806$2,355$1,970$1,569
17 years$3,664$3,067$2,553$2,116$1,746$1,367
18 years$3,425$2,834$2,331$1,907$1,553$1,195
19 years$3,211$2,626$2,134$1,723$1,384$1,046
20 years$3,018$2,441$1,958$1,561$1,236$918
21 years$2,844$2,273$1,801$1,416$1,106$806
22 years$2,686$2,122$1,660$1,288$992$709
23 years$2,542$1,985$1,533$1,173$890$625
24 years$2,410$1,860$1,418$1,070$800$551
25 years$2,289$1,745$1,313$977$720$487
26 years$2,178$1,640$1,218$893$649$430
27 years$2,075$1,544$1,131$818$585$380
28 years$1,979$1,454$1,051$749$528$336
29 years$1,890$1,372$978$687$476$298
30 years$1,808$1,296$911$630$430$263
31 years$1,730$1,225$850$579$389$233
32 years$1,658$1,159$793$532$352$207
33 years$1,590$1,098$740$489$319$183
34 years$1,527$1,040$691$450$288$163
35 years$1,467$987$646$414$261$144
36 years$1,410$937$605$382$237$128
37 years$1,357$890$566$352$215$114
38 years$1,307$845$530$324$195$101
39 years$1,259$804$497$299$176$90
40 years$1,214$765$465$276$160$79
41 years$1,171$728$436$254$145$71
42 years$1,131$693$409$235$132$63
43 years$1,092$661$384$217$120$56
44 years$1,055$630$361$200$108$49
45 years$1,020$600$339$185$98$44
46 years$987$573$318$171$89$39
47 years$955$547$299$158$81$35
48 years$924$522$281$146$74$31
49 years$895$498$264$135$67$27
50 years$867$476$248$124$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $888,000, adding $3,706 every year, while hoping to spend $24,277 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: 63/15/22 Blend
49$888,000$888,000$888,000$888,000
50$982,399$935,335$921,571$1,038,451
51$1,056,773$955,336$926,613$1,096,721
52$1,137,920$975,503$931,010$1,157,296
53$1,226,504$995,819$934,715$1,222,902
54$1,323,258$1,016,265$937,679$1,294,034
55$1,428,988$1,036,820$939,849$1,371,236
56$1,544,581$1,057,460$941,171$1,455,109
57$1,671,015$1,078,163$941,587$1,546,314
58$1,809,365$1,098,899$941,036$1,645,580
59$1,960,816$1,119,640$939,456$1,753,710
60$2,126,672$1,140,355$936,781$1,871,591
61$2,308,369$1,161,010$932,940$2,000,198
62$2,507,491$1,181,567$927,861$2,140,607
63$2,725,778$1,201,987$921,467$2,294,005
64$2,965,150$1,222,227$913,679$2,461,699
65$3,227,720$1,242,241$904,412$2,645,129
66$3,515,816$1,261,979$893,579$2,845,884
67$3,832,002$1,281,389$881,087$3,065,716
68$4,179,103$1,300,414$866,840$3,306,554
69$4,560,230$1,318,992$850,737$3,570,526
70$4,978,809$1,337,059$832,673$3,859,977
71$5,438,617$1,354,544$812,537$4,177,492
72$5,943,813$1,371,374$790,213$4,525,921
73$6,498,977$1,387,467$765,581$4,908,404
74$7,109,159$1,402,738$738,514$5,328,405
75$7,779,919$1,417,098$708,880$5,789,739
76$8,517,383$1,430,449$676,540$6,296,614
77$9,328,302$1,442,687$641,350$6,853,667
78$10,220,113$1,453,702$603,159$7,466,009
79$11,201,008$1,463,377$561,809$8,139,274
80$12,280,016$1,471,587$517,134$8,879,673
81$13,467,082$1,478,200$468,963$9,694,052
82$14,773,166$1,483,073$417,114$10,589,955
83$16,210,342$1,486,057$361,401$11,575,699
84$17,791,915$1,486,992$301,626$12,660,451
85$19,532,545$1,485,709$237,585$13,854,317
86$21,448,383$1,482,027$169,063$15,168,431
87$23,557,227$1,475,756$95,835$16,615,072
88$25,878,689$1,466,692$17,670$18,207,767
89$28,434,376$1,454,621$0$19,961,431
90$31,248,099$1,439,314$0$21,907,933
91$34,346,094$1,420,530$0$24,055,387
92$37,757,272$1,398,012$0$26,419,671
93$41,513,488$1,371,489$0$29,022,857
94$45,649,845$1,340,673$0$31,889,271
95$50,205,022$1,305,259$0$35,045,718
96$55,221,643$1,264,925$0$38,521,738
97$60,746,674$1,219,330$0$42,349,884
98$66,831,869$1,168,112$0$46,566,030
99$73,534,259$1,110,889$0$51,209,708
100$80,916,688$1,047,256$0$56,324,485