Can I retire at age 50 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$73,413$72,759$72,121$71,498$70,890$68,104
2 years$36,343$35,666$35,010$34,374$33,757$30,985
3 years$23,988$23,308$22,654$22,024$21,417$18,745
4 years$17,812$17,134$16,486$15,867$15,275$12,724
5 years$14,107$13,433$12,794$12,187$11,612$9,188
6 years$11,638$10,969$10,339$9,746$9,188$6,893
7 years$9,875$9,212$8,592$8,013$7,472$5,306
8 years$8,553$7,896$7,287$6,722$6,199$4,158
9 years$7,526$6,875$6,276$5,726$5,220$3,303
10 years$6,705$6,060$5,472$4,935$4,448$2,650
11 years$6,033$5,395$4,817$4,295$3,825$2,142
12 years$5,474$4,842$4,275$3,768$3,315$1,742
13 years$5,001$4,376$3,820$3,326$2,891$1,424
14 years$4,596$3,978$3,432$2,953$2,534$1,168
15 years$4,245$3,634$3,099$2,633$2,231$961
16 years$3,939$3,334$2,809$2,358$1,972$793
17 years$3,668$3,070$2,556$2,118$1,748$656
18 years$3,429$2,837$2,334$1,909$1,555$543
19 years$3,214$2,629$2,136$1,725$1,386$450
20 years$3,021$2,443$1,961$1,562$1,238$374
21 years$2,847$2,276$1,803$1,418$1,108$311
22 years$2,689$2,124$1,662$1,289$993$258
23 years$2,545$1,987$1,535$1,174$891$215
24 years$2,413$1,862$1,419$1,071$801$179
25 years$2,292$1,747$1,315$978$721$149
26 years$2,180$1,642$1,219$894$649$124
27 years$2,077$1,545$1,132$819$585$103
28 years$1,981$1,456$1,052$750$528$86
29 years$1,892$1,374$979$688$477$72
30 years$1,810$1,297$912$631$431$60
31 years$1,732$1,226$850$580$390$50
32 years$1,660$1,160$793$533$352$42
33 years$1,592$1,099$741$490$319$35
34 years$1,528$1,042$692$451$289$29
35 years$1,468$988$647$415$262$24
36 years$1,412$938$605$382$237$20
37 years$1,359$891$567$352$215$17
38 years$1,308$846$531$325$195$14
39 years$1,261$805$497$299$177$12
40 years$1,215$766$466$276$160$10
41 years$1,173$729$437$255$145$8
42 years$1,132$694$410$235$132$7
43 years$1,093$661$385$217$120$6
44 years$1,056$630$361$200$109$5
45 years$1,021$601$339$185$99$4
46 years$988$573$318$171$90$3
47 years$956$547$299$158$81$3
48 years$925$522$281$146$74$2
49 years$896$499$264$135$67$2
50 years$868$477$248$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $889,000, adding $4,046 every year, while hoping to spend $42,522 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: 34/46/20 Blend
49$889,000$889,000$889,000$889,000
50$983,851$936,734$922,955$1,011,149
51$1,038,961$937,391$908,631$1,032,313
52$1,098,267$936,655$892,402$1,050,915
53$1,162,152$934,413$874,159$1,070,092
54$1,231,037$930,545$853,789$1,089,922
55$1,305,384$924,923$831,172$1,110,491
56$1,385,701$917,412$806,184$1,131,897
57$1,472,546$907,869$778,695$1,154,256
58$1,566,533$896,141$748,568$1,177,694
59$1,668,335$882,068$715,661$1,202,359
60$1,778,695$865,479$679,826$1,228,413
61$1,898,428$846,194$640,906$1,256,044
62$2,028,430$824,020$598,738$1,285,462
63$2,169,688$798,754$553,154$1,316,902
64$2,323,286$770,183$503,975$1,350,633
65$2,490,418$738,080$451,015$1,386,952
66$2,672,398$702,203$394,081$1,426,197
67$2,870,671$662,299$332,971$1,468,744
68$3,086,826$618,098$267,472$1,515,015
69$3,322,615$569,317$197,365$1,565,485
70$3,579,963$515,656$122,419$1,620,682
71$3,860,992$456,796$42,392$1,681,199
72$4,168,036$392,401$0$1,747,695
73$4,503,665$322,118$0$1,830,088
74$4,870,709$245,572$0$1,930,272
75$5,272,282$162,366$0$2,040,169
76$5,711,816$72,083$0$2,160,860
77$6,193,088$0$0$2,293,548
78$6,720,258$0$0$2,452,584
79$7,297,906$0$0$2,666,959
80$7,931,079$0$0$2,902,072
81$8,625,331$0$0$3,160,004
82$9,386,784$0$0$3,443,046
83$10,222,178$0$0$3,753,720
84$11,138,937$0$0$4,094,807
85$12,145,239$0$0$4,469,368
86$13,250,093$0$0$4,880,777
87$14,463,423$0$0$5,332,749
88$15,796,160$0$0$5,829,377
89$17,260,346$0$0$6,375,171
90$18,869,248$0$0$6,975,098
91$20,637,481$0$0$7,634,632
92$22,581,146$0$0$8,359,803
93$24,717,982$0$0$9,157,255
94$27,067,532$0$0$10,034,306
95$29,651,329$0$0$10,999,021
96$32,493,094$0$0$12,060,285
97$35,618,965$0$0$13,227,888
98$39,057,740$0$0$14,512,617
99$42,841,148$0$0$15,926,356
100$47,004,148$0$0$17,482,200