Can I retire at age 50 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$73,908$73,250$72,608$71,981$71,369$70,071
2 years$36,588$35,907$35,246$34,606$33,985$32,682
3 years$24,150$23,466$22,807$22,172$21,561$20,294
4 years$17,932$17,250$16,597$15,974$15,378$14,156
5 years$14,202$13,524$12,880$12,270$11,690$10,517
6 years$11,716$11,043$10,409$9,812$9,250$8,127
7 years$9,942$9,274$8,650$8,067$7,523$6,450
8 years$8,611$7,950$7,336$6,767$6,241$5,218
9 years$7,577$6,922$6,318$5,764$5,256$4,283
10 years$6,750$6,101$5,509$4,969$4,478$3,554
11 years$6,074$5,431$4,850$4,324$3,851$2,974
12 years$5,511$4,875$4,304$3,793$3,337$2,507
13 years$5,035$4,406$3,845$3,349$2,910$2,125
14 years$4,627$4,004$3,455$2,973$2,551$1,810
15 years$4,274$3,658$3,119$2,651$2,246$1,547
16 years$3,965$3,356$2,828$2,374$1,985$1,327
17 years$3,693$3,091$2,574$2,133$1,760$1,141
18 years$3,452$2,856$2,349$1,922$1,565$983
19 years$3,236$2,647$2,151$1,737$1,395$849
20 years$3,042$2,460$1,974$1,573$1,246$734
21 years$2,867$2,291$1,816$1,428$1,115$636
22 years$2,707$2,139$1,673$1,298$1,000$552
23 years$2,562$2,000$1,545$1,182$897$479
24 years$2,429$1,874$1,429$1,078$806$416
25 years$2,307$1,759$1,323$985$726$362
26 years$2,195$1,653$1,227$900$654$315
27 years$2,091$1,556$1,140$824$589$274
28 years$1,995$1,466$1,060$755$532$239
29 years$1,905$1,383$986$692$480$208
30 years$1,822$1,306$918$635$434$181
31 years$1,744$1,235$856$584$392$158
32 years$1,671$1,168$799$536$355$138
33 years$1,603$1,106$746$493$321$121
34 years$1,539$1,049$697$454$291$105
35 years$1,478$995$652$418$263$92
36 years$1,421$944$610$385$239$80
37 years$1,368$897$571$354$216$70
38 years$1,317$852$534$327$196$61
39 years$1,269$810$501$301$178$53
40 years$1,224$771$469$278$161$47
41 years$1,180$734$440$256$146$41
42 years$1,139$699$413$237$133$36
43 years$1,100$666$387$218$120$31
44 years$1,063$635$363$202$109$27
45 years$1,028$605$341$186$99$24
46 years$994$577$321$172$90$21
47 years$962$551$301$159$82$18
48 years$931$526$283$147$74$16
49 years$902$502$266$136$68$14
50 years$874$480$250$125$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $895,000, adding $5,204 every year, while hoping to spend $50,029 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: 78/8/14 Blend
49$895,000$895,000$895,000$895,000
50$991,658$944,223$930,350$1,065,768
51$1,039,577$937,259$908,287$1,108,347
52$1,090,706$928,278$883,807$1,148,148
53$1,145,321$917,127$856,778$1,190,399
54$1,203,723$903,645$827,059$1,235,324
55$1,266,242$887,662$794,504$1,283,174
56$1,333,239$868,999$758,961$1,334,220
57$1,405,112$847,462$720,269$1,388,766
58$1,482,297$822,851$678,261$1,447,145
59$1,565,271$794,950$632,762$1,509,726
60$1,654,559$763,533$583,590$1,576,912
61$1,750,738$728,360$530,555$1,649,154
62$1,854,441$689,178$473,456$1,726,945
63$1,966,363$645,717$412,086$1,810,829
64$2,087,268$597,693$346,227$1,901,410
65$2,217,996$544,807$275,652$1,999,351
66$2,359,471$486,741$200,125$2,105,383
67$2,512,705$423,160$119,398$2,220,317
68$2,678,815$353,709$33,212$2,345,043
69$2,859,028$278,014$0$2,480,546
70$3,054,692$195,680$0$2,636,689
71$3,267,291$106,289$0$2,811,758
72$3,498,458$9,400$0$3,002,153
73$3,749,987$0$0$3,209,376
74$4,023,855$0$0$3,443,489
75$4,322,236$0$0$3,699,484
76$4,647,521$0$0$3,978,591
77$5,002,346$0$0$4,283,072
78$5,389,606$0$0$4,615,419
79$5,812,494$0$0$4,978,372
80$6,274,520$0$0$5,374,950
81$6,779,551$0$0$5,808,475
82$7,331,843$0$0$6,282,607
83$7,936,084$0$0$6,801,372
84$8,597,434$0$0$7,369,207
85$9,321,576$0$0$7,990,995
86$10,114,766$0$0$8,672,114
87$10,983,898$0$0$9,418,487
88$11,936,560$0$0$10,236,638
89$12,981,111$0$0$11,133,751
90$14,126,757$0$0$12,117,737
91$15,383,639$0$0$13,197,313
92$16,762,926$0$0$14,382,079
93$18,276,919$0$0$15,682,607
94$19,939,171$0$0$17,110,546
95$21,764,611$0$0$18,678,727
96$23,769,682$0$0$20,401,284
97$25,972,500$0$0$22,293,788
98$28,393,022$0$0$24,373,391
99$31,053,234$0$0$26,658,992
100$33,977,358$0$0$29,171,408