Can I retire at age 50 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$74,073$73,414$72,770$72,142$71,528$71,167
2 years$36,670$35,987$35,325$34,683$34,061$33,696
3 years$24,204$23,518$22,858$22,222$21,610$21,253
4 years$17,972$17,288$16,635$16,010$15,412$15,066
5 years$14,234$13,554$12,909$12,297$11,716$11,382
6 years$11,743$11,068$10,432$9,834$9,271$8,949
7 years$9,964$9,295$8,669$8,085$7,539$7,230
8 years$8,630$7,967$7,352$6,782$6,255$5,957
9 years$7,594$6,937$6,333$5,777$5,267$4,982
10 years$6,765$6,115$5,521$4,980$4,488$4,215
11 years$6,087$5,444$4,861$4,334$3,860$3,599
12 years$5,523$4,886$4,314$3,802$3,345$3,096
13 years$5,046$4,415$3,854$3,356$2,917$2,679
14 years$4,637$4,013$3,463$2,979$2,557$2,330
15 years$4,283$3,666$3,126$2,657$2,251$2,036
16 years$3,974$3,364$2,835$2,379$1,990$1,785
17 years$3,701$3,098$2,579$2,138$1,764$1,570
18 years$3,459$2,863$2,355$1,926$1,569$1,384
19 years$3,243$2,653$2,156$1,741$1,398$1,223
20 years$3,049$2,465$1,978$1,576$1,249$1,083
21 years$2,873$2,296$1,820$1,431$1,118$961
22 years$2,713$2,144$1,677$1,301$1,002$854
23 years$2,568$2,005$1,548$1,185$899$760
24 years$2,435$1,878$1,432$1,081$808$677
25 years$2,313$1,763$1,326$987$727$603
26 years$2,200$1,657$1,230$902$655$538
27 years$2,096$1,559$1,142$826$591$481
28 years$1,999$1,469$1,062$757$533$430
29 years$1,909$1,386$988$694$481$385
30 years$1,826$1,309$920$637$435$344
31 years$1,748$1,237$858$585$393$308
32 years$1,675$1,171$801$538$356$276
33 years$1,606$1,109$748$494$322$247
34 years$1,542$1,051$698$455$291$222
35 years$1,482$997$653$419$264$199
36 years$1,425$946$611$386$239$178
37 years$1,371$899$572$355$217$160
38 years$1,320$854$535$327$196$144
39 years$1,272$812$502$302$178$129
40 years$1,226$773$470$278$162$116
41 years$1,183$735$441$257$147$104
42 years$1,142$700$414$237$133$93
43 years$1,103$667$388$219$121$84
44 years$1,066$636$364$202$110$75
45 years$1,030$607$342$187$99$68
46 years$997$579$321$172$90$61
47 years$964$552$302$159$82$55
48 years$933$527$284$147$74$49
49 years$904$503$267$136$68$44
50 years$876$481$251$126$61$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $897,000, adding $6,493 every year, while hoping to spend $24,142 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: 66/10/24 Blend
49$897,000$897,000$897,000$897,000
50$995,192$947,651$933,747$1,054,300
51$1,071,014$968,399$939,341$1,115,611
52$1,153,762$989,354$944,313$1,179,291
53$1,244,115$1,010,502$948,616$1,248,359
54$1,342,823$1,031,825$952,203$1,323,347
55$1,450,711$1,053,304$955,023$1,404,840
56$1,568,688$1,074,921$957,020$1,493,484
57$1,697,754$1,096,651$958,140$1,589,989
58$1,839,009$1,118,472$958,323$1,695,140
59$1,993,668$1,140,357$957,506$1,809,800
60$2,163,065$1,162,277$955,625$1,934,922
61$2,348,670$1,184,201$952,611$2,071,554
62$2,552,104$1,206,097$948,393$2,220,855
63$2,775,150$1,227,927$942,896$2,384,099
64$3,019,773$1,249,653$936,040$2,562,691
65$3,288,136$1,271,233$927,744$2,758,180
66$3,582,624$1,292,620$917,921$2,972,274
67$3,905,860$1,313,768$906,481$3,206,854
68$4,260,738$1,334,623$893,328$3,463,996
69$4,650,442$1,355,128$878,363$3,745,985
70$5,078,483$1,375,225$861,484$4,055,342
71$5,548,724$1,394,847$842,580$4,394,845
72$6,065,426$1,413,926$821,538$4,767,555
73$6,633,279$1,432,389$798,240$5,176,849
74$7,257,453$1,450,155$772,560$5,626,445
75$7,943,641$1,467,140$744,368$6,120,445
76$8,698,117$1,483,255$713,529$6,663,368
77$9,527,793$1,498,402$679,900$7,260,197
78$10,440,283$1,512,479$643,332$7,916,421
79$11,443,978$1,525,377$603,670$8,638,094
80$12,548,122$1,536,978$560,751$9,431,885
81$13,762,899$1,547,159$514,405$10,305,149
82$15,099,532$1,555,787$464,455$11,265,989
83$16,570,385$1,562,722$410,715$12,323,338
84$18,189,083$1,567,813$352,992$13,487,040
85$19,970,635$1,570,902$291,084$14,767,948
86$21,931,584$1,571,820$224,779$16,178,022
87$24,090,153$1,570,387$153,857$17,730,443
88$26,466,426$1,566,413$78,088$19,439,741
89$29,082,529$1,559,695$0$21,321,930
90$31,962,845$1,550,018$0$23,395,367
91$35,134,241$1,537,155$0$25,700,183
92$38,626,323$1,520,864$0$28,237,865
93$42,471,710$1,500,889$0$31,032,113
94$46,706,351$1,476,959$0$34,109,042
95$51,369,854$1,448,786$0$37,497,430
96$56,505,868$1,416,064$0$41,228,992
97$62,162,488$1,378,473$0$45,338,673
98$68,392,713$1,335,670$0$49,864,986
99$75,254,945$1,287,294$0$54,850,367
100$82,813,540$1,232,961$0$60,341,583