Can I retire at age 50 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$73,743$73,086$72,445$71,820$71,209$68,930
2 years$36,506$35,827$35,168$34,529$33,909$31,634
3 years$24,096$23,413$22,756$22,123$21,513$19,313
4 years$17,892$17,211$16,560$15,938$15,343$13,236
5 years$14,170$13,494$12,852$12,242$11,664$9,654
6 years$11,690$11,019$10,386$9,790$9,229$7,319
7 years$9,919$9,253$8,631$8,049$7,506$5,695
8 years$8,592$7,932$7,320$6,752$6,227$4,514
9 years$7,560$6,906$6,304$5,751$5,244$3,627
10 years$6,735$6,087$5,496$4,958$4,468$2,945
11 years$6,060$5,419$4,839$4,315$3,843$2,411
12 years$5,498$4,864$4,294$3,785$3,330$1,986
13 years$5,023$4,396$3,837$3,341$2,904$1,644
14 years$4,616$3,996$3,447$2,966$2,545$1,367
15 years$4,264$3,650$3,112$2,645$2,241$1,140
16 years$3,956$3,349$2,822$2,368$1,981$954
17 years$3,685$3,084$2,568$2,128$1,756$799
18 years$3,444$2,850$2,344$1,918$1,562$671
19 years$3,229$2,641$2,146$1,733$1,392$565
20 years$3,035$2,454$1,969$1,569$1,243$476
21 years$2,860$2,286$1,811$1,424$1,113$401
22 years$2,701$2,134$1,670$1,295$997$339
23 years$2,557$1,996$1,542$1,179$895$286
24 years$2,424$1,870$1,426$1,076$805$242
25 years$2,302$1,755$1,320$982$724$204
26 years$2,190$1,649$1,225$898$652$173
27 years$2,086$1,552$1,137$822$588$146
28 years$1,990$1,463$1,057$753$531$124
29 years$1,901$1,380$984$691$479$105
30 years$1,818$1,303$916$634$433$89
31 years$1,740$1,232$854$582$391$75
32 years$1,667$1,166$797$535$354$64
33 years$1,599$1,104$744$492$320$54
34 years$1,535$1,046$695$453$290$46
35 years$1,475$992$650$417$263$39
36 years$1,418$942$608$384$238$33
37 years$1,365$895$569$354$216$28
38 years$1,314$850$533$326$196$24
39 years$1,266$808$499$301$177$20
40 years$1,221$769$468$277$161$17
41 years$1,178$732$439$256$146$14
42 years$1,137$697$412$236$132$12
43 years$1,098$664$386$218$120$10
44 years$1,061$633$363$201$109$9
45 years$1,026$604$341$186$99$7
46 years$992$576$320$172$90$6
47 years$960$550$300$159$82$5
48 years$929$525$282$147$74$5
49 years$900$501$265$135$67$4
50 years$872$479$250$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $893,000, adding $4,203 every year, while hoping to spend $24,076 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: 47/43/10 Blend
49$893,000$893,000$893,000$893,000
50$988,421$941,092$927,251$1,031,959
51$1,063,624$961,589$932,697$1,082,885
52$1,145,690$982,284$937,519$1,135,282
53$1,235,294$1,003,159$941,670$1,191,597
54$1,333,180$1,024,200$945,101$1,252,203
55$1,440,164$1,045,385$947,762$1,317,510
56$1,557,147$1,066,696$949,598$1,387,969
57$1,685,120$1,088,108$950,554$1,464,076
58$1,825,174$1,109,597$950,570$1,546,381
59$1,978,512$1,131,137$949,583$1,635,487
60$2,146,455$1,152,698$947,530$1,732,060
61$2,330,462$1,174,249$944,341$1,836,834
62$2,532,138$1,195,756$939,945$1,950,616
63$2,753,249$1,217,181$934,266$2,074,298
64$2,995,743$1,238,486$927,227$2,208,862
65$3,261,764$1,259,626$918,744$2,355,391
66$3,553,673$1,280,557$908,731$2,515,079
67$3,874,072$1,301,229$897,098$2,689,242
68$4,225,827$1,321,588$883,749$2,879,330
69$4,612,093$1,341,578$868,587$3,086,941
70$5,036,348$1,361,137$851,506$3,313,839
71$5,502,423$1,380,200$832,399$3,561,967
72$6,014,536$1,398,696$811,151$3,833,467
73$6,577,338$1,416,551$787,643$4,130,700
74$7,195,949$1,433,684$761,752$4,456,272
75$7,876,012$1,450,011$733,346$4,813,051
76$8,623,742$1,465,438$702,290$5,204,203
77$9,445,989$1,479,870$668,442$5,633,215
78$10,350,297$1,493,201$631,652$6,103,935
79$11,344,981$1,505,321$591,766$6,620,601
80$12,439,199$1,516,113$548,621$7,187,888
81$13,643,044$1,525,449$502,047$7,810,949
82$14,967,636$1,533,197$451,866$8,495,465
83$16,425,225$1,539,214$397,894$9,247,697
84$18,029,312$1,543,349$339,937$10,074,551
85$19,794,769$1,545,441$277,793$10,983,636
86$21,737,988$1,545,319$211,250$11,983,342
87$23,877,025$1,542,802$140,090$13,082,918
88$26,231,779$1,537,698$64,081$14,292,559
89$28,824,177$1,529,801$0$15,623,506
90$31,678,376$1,518,895$0$17,089,965
91$34,821,000$1,504,749$0$18,711,191
92$38,281,380$1,487,121$0$20,495,423
93$42,091,842$1,465,751$0$22,459,285
94$46,288,003$1,440,365$0$24,621,101
95$50,909,109$1,410,674$0$27,001,069
96$55,998,410$1,376,369$0$29,621,450
97$61,603,562$1,337,125$0$32,506,780
98$67,777,079$1,292,597$0$35,684,102
99$74,576,828$1,242,421$0$39,183,224
100$82,066,576$1,186,211$0$43,036,998