Can I retire at age 50 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$73,991$73,332$72,689$72,061$71,448$69,665
2 years$36,629$35,947$35,286$34,645$34,023$32,237
3 years$24,177$23,492$22,832$22,197$21,586$19,854
4 years$17,952$17,269$16,616$15,992$15,395$13,730
5 years$14,218$13,539$12,895$12,283$11,703$10,110
6 years$11,729$11,056$10,421$9,823$9,260$7,740
7 years$9,953$9,285$8,660$8,076$7,531$6,085
8 years$8,621$7,959$7,344$6,775$6,248$4,874
9 years$7,585$6,929$6,326$5,771$5,261$3,960
10 years$6,757$6,108$5,515$4,974$4,483$3,251
11 years$6,080$5,437$4,855$4,329$3,856$2,692
12 years$5,517$4,880$4,309$3,797$3,341$2,244
13 years$5,040$4,410$3,850$3,352$2,914$1,881
14 years$4,632$4,009$3,459$2,976$2,554$1,583
15 years$4,279$3,662$3,123$2,654$2,249$1,337
16 years$3,970$3,360$2,831$2,376$1,987$1,133
17 years$3,697$3,094$2,576$2,135$1,762$963
18 years$3,456$2,859$2,352$1,924$1,567$819
19 years$3,239$2,650$2,153$1,739$1,397$699
20 years$3,045$2,463$1,976$1,575$1,247$597
21 years$2,870$2,294$1,818$1,429$1,116$510
22 years$2,710$2,141$1,675$1,299$1,001$437
23 years$2,565$2,003$1,547$1,183$898$374
24 years$2,432$1,876$1,430$1,079$807$321
25 years$2,310$1,761$1,325$986$726$275
26 years$2,197$1,655$1,229$901$654$236
27 years$2,093$1,557$1,141$825$590$203
28 years$1,997$1,468$1,061$756$532$174
29 years$1,907$1,384$987$693$481$150
30 years$1,824$1,308$919$636$434$129
31 years$1,746$1,236$857$584$393$111
32 years$1,673$1,170$800$537$355$95
33 years$1,605$1,108$747$494$321$82
34 years$1,540$1,050$698$454$291$71
35 years$1,480$996$652$418$264$61
36 years$1,423$945$610$385$239$52
37 years$1,369$898$571$355$216$45
38 years$1,319$853$535$327$196$39
39 years$1,271$811$501$302$178$33
40 years$1,225$772$470$278$161$29
41 years$1,182$735$440$257$146$25
42 years$1,141$700$413$237$133$21
43 years$1,102$667$388$219$121$18
44 years$1,065$635$364$202$109$16
45 years$1,029$606$342$186$99$14
46 years$995$578$321$172$90$12
47 years$963$552$301$159$82$10
48 years$932$527$283$147$74$9
49 years$903$503$266$136$68$7
50 years$875$480$250$126$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $896,000, adding $5,799 every year, while hoping to spend $39,945 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: 60/18/22 Blend
49$896,000$896,000$896,000$896,000
50$993,374$945,886$931,998$1,046,866
51$1,052,197$949,733$920,718$1,087,674
52$1,115,681$952,430$907,723$1,127,308
53$1,184,259$953,878$892,910$1,169,664
54$1,258,408$953,973$876,177$1,215,015
55$1,338,651$952,603$857,415$1,263,661
56$1,425,563$949,650$836,508$1,315,933
57$1,519,777$944,989$813,337$1,372,200
58$1,621,988$938,487$787,778$1,432,867
59$1,732,961$930,003$759,698$1,498,385
60$1,853,538$919,388$728,963$1,569,251
61$1,984,643$906,483$695,428$1,646,013
62$2,127,296$891,120$658,944$1,729,280
63$2,282,616$873,120$619,354$1,819,723
64$2,451,837$852,297$576,496$1,918,086
65$2,636,314$828,449$530,199$2,025,188
66$2,837,541$801,367$480,284$2,141,936
67$3,057,162$770,825$426,565$2,269,333
68$3,296,985$736,588$368,847$2,408,487
69$3,559,002$698,405$306,928$2,560,619
70$3,845,405$656,011$240,595$2,727,083
71$4,158,607$609,127$169,626$2,909,370
72$4,501,267$557,456$93,790$3,109,130
73$4,876,310$500,686$12,846$3,328,184
74$5,286,959$438,484$0$3,568,542
75$5,736,761$370,503$0$3,849,687
76$6,229,626$296,373$0$4,161,149
77$6,769,856$215,703$0$4,502,681
78$7,362,190$128,082$0$4,877,338
79$8,011,850$33,074$0$5,288,490
80$8,724,585$0$0$5,739,851
81$9,506,727$0$0$6,249,337
82$10,365,254$0$0$6,815,845
83$11,307,849$0$0$7,437,902
84$12,342,976$0$0$8,121,105
85$13,479,961$0$0$8,871,617
86$14,729,076$0$0$9,696,230
87$16,101,636$0$0$10,602,424
88$17,610,109$0$0$11,598,440
89$19,268,227$0$0$12,693,360
90$21,091,124$0$0$13,897,185
91$23,095,469$0$0$15,220,937
92$25,299,627$0$0$16,676,758
93$27,723,835$0$0$18,278,027
94$30,390,387$0$0$20,039,483
95$33,323,848$0$0$21,977,366
96$36,551,280$0$0$24,109,569
97$40,102,506$0$0$26,455,808
98$44,010,381$0$0$29,037,806
99$48,311,108$0$0$31,879,498
100$53,044,577$0$0$35,007,257