Can I retire at age 50 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$73,661$73,004$72,364$71,739$71,129$69,893
2 years$36,466$35,786$35,128$34,490$33,871$32,630
3 years$24,069$23,387$22,730$22,098$21,489$20,282
4 years$17,872$17,192$16,542$15,920$15,326$14,161
5 years$14,154$13,479$12,837$12,228$11,651$10,532
6 years$11,677$11,006$10,374$9,779$9,219$8,147
7 years$9,908$9,243$8,621$8,040$7,497$6,473
8 years$8,582$7,923$7,311$6,745$6,220$5,243
9 years$7,551$6,898$6,297$5,745$5,238$4,308
10 years$6,727$6,081$5,490$4,952$4,463$3,579
11 years$6,053$5,413$4,833$4,310$3,838$3,000
12 years$5,492$4,859$4,290$3,780$3,326$2,532
13 years$5,018$4,391$3,832$3,337$2,901$2,149
14 years$4,611$3,991$3,443$2,963$2,543$1,832
15 years$4,259$3,646$3,109$2,642$2,239$1,568
16 years$3,952$3,345$2,819$2,366$1,979$1,347
17 years$3,681$3,081$2,565$2,126$1,754$1,160
18 years$3,440$2,847$2,341$1,916$1,560$1,001
19 years$3,225$2,638$2,143$1,731$1,390$866
20 years$3,032$2,452$1,967$1,568$1,242$750
21 years$2,857$2,284$1,809$1,423$1,111$651
22 years$2,698$2,132$1,668$1,294$996$565
23 years$2,554$1,994$1,540$1,178$894$491
24 years$2,421$1,868$1,424$1,075$804$428
25 years$2,300$1,753$1,319$981$723$372
26 years$2,188$1,648$1,223$897$651$325
27 years$2,084$1,551$1,136$821$587$283
28 years$1,988$1,461$1,056$752$530$247
29 years$1,899$1,378$983$690$479$216
30 years$1,816$1,302$915$633$432$188
31 years$1,738$1,231$853$582$391$165
32 years$1,666$1,164$796$535$354$144
33 years$1,597$1,103$743$492$320$126
34 years$1,534$1,045$695$452$290$110
35 years$1,473$991$649$416$262$96
36 years$1,417$941$607$383$238$84
37 years$1,363$894$569$353$216$73
38 years$1,313$849$532$326$195$64
39 years$1,265$807$499$300$177$56
40 years$1,220$768$468$277$161$49
41 years$1,176$731$438$255$146$43
42 years$1,136$696$411$236$132$38
43 years$1,097$664$386$218$120$33
44 years$1,060$633$362$201$109$29
45 years$1,025$603$340$186$99$25
46 years$991$575$319$171$90$22
47 years$959$549$300$158$82$19
48 years$928$524$282$146$74$17
49 years$899$501$265$135$67$15
50 years$871$478$249$125$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $892,000, adding $5,908 every year, while hoping to spend $46,919 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: 47/42/11 Blend
49$892,000$892,000$892,000$892,000
50$989,078$941,802$927,976$1,032,279
51$1,040,043$938,029$909,142$1,058,917
52$1,094,633$932,498$888,104$1,082,477
53$1,153,170$925,075$864,740$1,106,985
54$1,216,004$915,614$838,919$1,132,547
55$1,283,521$903,964$810,508$1,159,279
56$1,356,145$889,963$779,365$1,187,313
57$1,434,340$873,440$745,342$1,216,798
58$1,518,617$854,213$708,285$1,247,901
59$1,609,536$832,090$668,033$1,280,810
60$1,707,714$806,867$624,417$1,315,735
61$1,813,827$778,330$577,261$1,352,911
62$1,928,620$746,250$526,382$1,392,604
63$2,052,909$710,386$471,586$1,435,108
64$2,187,594$670,484$412,672$1,480,753
65$2,333,664$626,273$349,432$1,529,911
66$2,492,205$577,468$281,645$1,582,992
67$2,664,414$523,767$209,084$1,640,458
68$2,851,604$464,852$131,509$1,702,822
69$3,055,225$400,387$48,671$1,770,658
70$3,276,866$330,014$0$1,844,603
71$3,518,280$253,358$0$1,930,032
72$3,781,394$170,022$0$2,029,472
73$4,068,329$79,586$0$2,138,118
74$4,381,421$0$0$2,256,984
75$4,723,239$0$0$2,395,696
76$5,096,612$0$0$2,587,485
77$5,504,655$0$0$2,797,181
78$5,950,796$0$0$3,026,557
79$6,438,810$0$0$3,277,568
80$6,972,854$0$0$3,552,365
81$7,557,506$0$0$3,853,316
82$8,197,804$0$0$4,183,030
83$8,899,301$0$0$4,544,380
84$9,668,107$0$0$4,940,531
85$10,510,956$0$0$5,374,966
86$11,435,261$0$0$5,851,525
87$12,449,189$0$0$6,374,434
88$13,561,736$0$0$6,948,351
89$14,782,807$0$0$7,578,405
90$16,123,319$0$0$8,270,246
91$17,595,291$0$0$9,030,098
92$19,211,967$0$0$9,864,819
93$20,987,936$0$0$10,781,961
94$22,939,269$0$0$11,789,845
95$25,083,670$0$0$12,897,640
96$27,440,645$0$0$14,115,444
97$30,031,683$0$0$15,454,386
98$32,880,457$0$0$16,926,723
99$36,013,051$0$0$18,545,962
100$39,458,201$0$0$20,326,984