Can I retire at age 50 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$73,578$72,923$72,283$71,659$71,050$70,513
2 years$36,425$35,746$35,089$34,451$33,833$33,292
3 years$24,042$23,361$22,705$22,073$21,465$20,937
4 years$17,852$17,173$16,523$15,903$15,309$14,797
5 years$14,139$13,463$12,823$12,215$11,638$11,144
6 years$11,664$10,994$10,363$9,768$9,209$8,733
7 years$9,897$9,233$8,611$8,031$7,489$7,032
8 years$8,573$7,914$7,303$6,737$6,213$5,775
9 years$7,543$6,891$6,290$5,738$5,232$4,813
10 years$6,720$6,074$5,484$4,947$4,458$4,057
11 years$6,046$5,407$4,828$4,305$3,834$3,451
12 years$5,486$4,853$4,285$3,776$3,323$2,958
13 years$5,012$4,386$3,828$3,334$2,897$2,550
14 years$4,606$3,987$3,440$2,959$2,540$2,209
15 years$4,255$3,642$3,105$2,639$2,236$1,922
16 years$3,947$3,341$2,816$2,363$1,976$1,678
17 years$3,677$3,077$2,562$2,123$1,752$1,470
18 years$3,436$2,843$2,339$1,913$1,558$1,291
19 years$3,221$2,635$2,141$1,729$1,389$1,136
20 years$3,028$2,449$1,965$1,566$1,240$1,002
21 years$2,854$2,281$1,807$1,421$1,110$885
22 years$2,695$2,129$1,666$1,292$995$782
23 years$2,551$1,991$1,538$1,177$893$693
24 years$2,419$1,866$1,422$1,073$803$614
25 years$2,297$1,751$1,317$980$722$545
26 years$2,185$1,646$1,222$896$651$484
27 years$2,082$1,549$1,135$820$587$431
28 years$1,986$1,459$1,055$752$529$383
29 years$1,897$1,377$982$689$478$341
30 years$1,814$1,300$914$633$432$304
31 years$1,736$1,229$852$581$391$271
32 years$1,664$1,163$795$534$353$241
33 years$1,596$1,101$743$491$320$215
34 years$1,532$1,044$694$452$289$192
35 years$1,472$990$649$416$262$171
36 years$1,415$940$607$383$238$153
37 years$1,362$893$568$353$215$136
38 years$1,311$848$532$325$195$122
39 years$1,263$807$498$300$177$109
40 years$1,218$767$467$277$161$97
41 years$1,175$730$438$255$146$87
42 years$1,134$696$411$236$132$78
43 years$1,096$663$385$217$120$69
44 years$1,059$632$362$201$109$62
45 years$1,023$603$340$185$99$55
46 years$990$575$319$171$90$49
47 years$958$549$300$158$81$44
48 years$927$524$282$146$74$40
49 years$898$500$265$135$67$35
50 years$870$478$249$125$61$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $891,000, adding $2,792 every year, while hoping to spend $22,339 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: 59/35/6 Blend
49$891,000$891,000$891,000$891,000
50$984,762$937,539$923,728$1,041,542
51$1,061,439$959,710$930,905$1,102,095
52$1,145,189$982,218$937,573$1,165,284
53$1,236,708$1,005,058$943,692$1,233,615
54$1,336,767$1,028,219$949,220$1,307,580
55$1,446,209$1,051,694$954,111$1,387,725
56$1,565,967$1,075,472$958,318$1,474,647
57$1,697,066$1,099,540$961,792$1,569,006
58$1,840,635$1,123,886$964,480$1,671,529
59$1,997,918$1,148,494$966,328$1,783,015
60$2,170,284$1,173,349$967,279$1,904,344
61$2,359,242$1,198,432$967,272$2,036,488
62$2,566,452$1,223,723$966,243$2,180,515
63$2,793,745$1,249,201$964,127$2,337,603
64$3,043,136$1,274,840$960,854$2,509,048
65$3,316,843$1,300,615$956,351$2,696,280
66$3,617,314$1,326,497$950,540$2,900,874
67$3,947,240$1,352,456$943,344$3,124,564
68$4,309,588$1,378,456$934,676$3,369,263
69$4,707,628$1,404,462$924,449$3,637,075
70$5,144,959$1,430,434$912,572$3,930,322
71$5,625,549$1,456,329$898,946$4,251,561
72$6,153,766$1,482,101$883,472$4,603,610
73$6,734,426$1,507,699$866,044$4,989,575
74$7,372,831$1,533,070$846,551$5,412,877
75$8,074,826$1,558,157$824,876$5,877,288
76$8,846,848$1,582,897$800,900$6,386,963
77$9,695,991$1,607,223$774,494$6,946,482
78$10,630,070$1,631,065$745,527$7,560,891
79$11,657,695$1,654,345$713,860$8,235,753
80$12,788,353$1,676,981$679,348$8,977,197
81$14,032,498$1,698,886$641,839$9,791,978
82$15,401,648$1,719,966$601,176$10,687,540
83$16,908,492$1,740,121$557,191$11,672,088
84$18,567,015$1,759,243$509,714$12,754,663
85$20,392,623$1,777,219$458,562$13,945,231
86$22,402,295$1,793,927$403,548$15,254,772
87$24,614,736$1,809,236$344,474$16,695,391
88$27,050,559$1,823,009$281,134$18,280,425
89$29,732,478$1,835,098$213,314$20,024,575
90$32,685,519$1,845,347$140,788$21,944,042
91$35,937,261$1,853,588$63,324$24,056,680
92$39,518,092$1,859,644$0$26,382,169
93$43,461,498$1,863,327$0$28,943,432
94$47,804,376$1,864,435$0$31,767,540
95$52,587,387$1,862,757$0$34,876,791
96$57,855,335$1,858,066$0$38,300,234
97$63,657,590$1,850,122$0$42,069,880
98$70,048,557$1,838,671$0$46,221,008
99$77,088,186$1,823,443$0$50,792,499
100$84,842,540$1,804,150$0$55,827,199