Can I retire at age 50 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$74,156$73,495$72,851$72,222$71,608$69,651
2 years$36,711$36,027$35,365$34,722$34,099$32,142
3 years$24,231$23,544$22,883$22,247$21,634$19,737
4 years$17,992$17,307$16,653$16,028$15,429$13,608
5 years$14,250$13,569$12,924$12,311$11,729$9,989
6 years$11,756$11,080$10,444$9,845$9,281$7,623
7 years$9,975$9,305$8,679$8,094$7,548$5,972
8 years$8,640$7,976$7,361$6,790$6,262$4,767
9 years$7,602$6,945$6,340$5,784$5,273$3,859
10 years$6,772$6,122$5,527$4,985$4,493$3,157
11 years$6,094$5,450$4,866$4,339$3,864$2,604
12 years$5,529$4,891$4,318$3,806$3,349$2,162
13 years$5,051$4,420$3,858$3,360$2,920$1,804
14 years$4,642$4,018$3,467$2,983$2,560$1,513
15 years$4,288$3,670$3,130$2,660$2,254$1,273
16 years$3,978$3,368$2,838$2,382$1,992$1,074
17 years$3,706$3,101$2,582$2,140$1,766$908
18 years$3,463$2,866$2,357$1,928$1,570$769
19 years$3,247$2,656$2,158$1,743$1,400$653
20 years$3,052$2,468$1,980$1,578$1,250$555
21 years$2,876$2,299$1,822$1,432$1,119$473
22 years$2,716$2,146$1,679$1,302$1,003$403
23 years$2,571$2,007$1,550$1,186$900$343
24 years$2,438$1,881$1,434$1,082$809$293
25 years$2,315$1,765$1,328$988$728$250
26 years$2,202$1,659$1,231$903$656$214
27 years$2,098$1,561$1,144$827$591$183
28 years$2,001$1,471$1,063$758$534$156
29 years$1,912$1,388$989$695$482$134
30 years$1,828$1,310$921$638$435$114
31 years$1,750$1,239$859$586$394$98
32 years$1,677$1,172$802$538$356$84
33 years$1,608$1,110$748$495$322$72
34 years$1,544$1,052$699$455$292$61
35 years$1,483$998$654$419$264$52
36 years$1,426$947$612$386$239$45
37 years$1,372$900$572$356$217$38
38 years$1,322$855$536$328$197$33
39 years$1,273$813$502$302$178$28
40 years$1,228$773$471$279$162$24
41 years$1,184$736$441$257$147$21
42 years$1,143$701$414$237$133$18
43 years$1,104$668$389$219$121$15
44 years$1,067$637$365$202$110$13
45 years$1,031$607$342$187$100$11
46 years$998$579$322$173$90$10
47 years$965$553$302$159$82$8
48 years$935$528$284$147$75$7
49 years$905$504$267$136$68$6
50 years$877$481$251$126$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $898,000, adding $6,300 every year, while hoping to spend $59,320 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: 50/45/5 Blend
49$898,000$898,000$898,000$898,000
50$996,094$948,500$934,581$1,044,397
51$1,034,580$931,861$902,774$1,061,306
52$1,075,003$912,418$867,913$1,072,748
53$1,117,498$889,971$829,833$1,083,752
54$1,162,213$864,310$788,362$1,094,292
55$1,209,306$835,209$743,320$1,104,338
56$1,258,952$802,431$694,518$1,113,867
57$1,311,341$765,725$641,759$1,122,853
58$1,366,678$724,826$584,839$1,131,275
59$1,425,189$679,453$523,541$1,139,114
60$1,487,121$629,308$457,642$1,146,352
61$1,552,741$574,078$386,907$1,152,979
62$1,622,344$513,431$311,091$1,158,986
63$1,696,249$447,015$229,939$1,164,372
64$1,774,808$374,461$143,184$1,169,141
65$1,858,405$295,376$50,547$1,173,306
66$1,947,460$209,347$0$1,176,889
67$2,042,432$115,936$0$1,182,497
68$2,143,826$14,683$0$1,190,644
69$2,252,194$0$0$1,198,703
70$2,368,140$0$0$1,253,759
71$2,492,329$0$0$1,320,578
72$2,625,489$0$0$1,392,289
73$2,768,418$0$0$1,469,331
74$2,921,991$0$0$1,552,184
75$3,087,172$0$0$1,641,377
76$3,265,017$0$0$1,737,490
77$3,456,684$0$0$1,841,160
78$3,663,449$0$0$1,953,088
79$3,886,710$0$0$2,074,043
80$4,128,006$0$0$2,204,870
81$4,389,027$0$0$2,346,498
82$4,671,631$0$0$2,499,949
83$4,977,861$0$0$2,666,347
84$5,309,962$0$0$2,846,927
85$5,670,405$0$0$3,043,047
86$6,061,907$0$0$3,256,202
87$6,487,455$0$0$3,488,035
88$6,950,336$0$0$3,740,357
89$7,454,168$0$0$4,015,156
90$8,002,930$0$0$4,314,623
91$8,601,002$0$0$4,641,168
92$9,253,203$0$0$4,997,444
93$9,964,837$0$0$5,386,371
94$10,741,745$0$0$5,811,163
95$11,590,352$0$0$6,275,358
96$12,517,735$0$0$6,782,852
97$13,531,684$0$0$7,337,934
98$14,640,776$0$0$7,945,326
99$15,854,455$0$0$8,610,228
100$17,183,118$0$0$9,338,366