Can I retire at age 50 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$75,147$74,478$73,825$73,187$72,565$72,017
2 years$37,201$36,509$35,837$35,186$34,555$34,002
3 years$24,555$23,859$23,189$22,544$21,923$21,383
4 years$18,232$17,539$16,876$16,242$15,636$15,113
5 years$14,440$13,751$13,096$12,475$11,886$11,381
6 years$11,913$11,228$10,584$9,977$9,405$8,919
7 years$10,108$9,430$8,795$8,202$7,649$7,182
8 years$8,755$8,083$7,459$6,881$6,345$5,898
9 years$7,704$7,038$6,424$5,861$5,344$4,915
10 years$6,863$6,203$5,601$5,052$4,553$4,144
11 years$6,175$5,522$4,931$4,397$3,916$3,525
12 years$5,603$4,957$4,376$3,857$3,393$3,021
13 years$5,119$4,479$3,910$3,405$2,959$2,604
14 years$4,704$4,072$3,513$3,022$2,594$2,256
15 years$4,345$3,719$3,172$2,695$2,284$1,963
16 years$4,032$3,413$2,876$2,413$2,019$1,714
17 years$3,755$3,143$2,617$2,168$1,790$1,501
18 years$3,510$2,904$2,389$1,954$1,591$1,318
19 years$3,290$2,692$2,187$1,766$1,418$1,160
20 years$3,093$2,501$2,007$1,599$1,267$1,023
21 years$2,915$2,330$1,846$1,451$1,134$903
22 years$2,753$2,175$1,701$1,320$1,016$799
23 years$2,605$2,034$1,571$1,202$912$708
24 years$2,470$1,906$1,453$1,096$820$628
25 years$2,346$1,788$1,346$1,001$738$557
26 years$2,232$1,681$1,248$915$665$495
27 years$2,126$1,582$1,159$838$599$440
28 years$2,028$1,491$1,077$768$541$391
29 years$1,937$1,406$1,003$704$488$348
30 years$1,852$1,328$934$646$441$310
31 years$1,773$1,255$871$593$399$276
32 years$1,699$1,188$812$545$361$246
33 years$1,630$1,125$758$501$326$220
34 years$1,564$1,066$709$461$296$196
35 years$1,503$1,011$662$425$268$175
36 years$1,445$960$620$391$243$156
37 years$1,391$912$580$360$220$139
38 years$1,339$866$543$332$199$124
39 years$1,290$824$509$306$181$111
40 years$1,244$784$477$283$164$99
41 years$1,200$746$447$261$149$89
42 years$1,159$711$420$241$135$79
43 years$1,119$677$394$222$122$71
44 years$1,081$645$370$205$111$63
45 years$1,045$615$347$189$101$57
46 years$1,011$587$326$175$92$51
47 years$978$560$306$162$83$45
48 years$947$535$288$149$76$40
49 years$917$511$270$138$69$36
50 years$888$488$254$128$62$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $910,000, adding $4,432 every year, while hoping to spend $45,668 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: 49/35/16 Blend
49$910,000$910,000$910,000$910,000
50$1,007,392$959,162$945,057$1,052,071
51$1,061,555$957,570$928,126$1,081,788
52$1,119,713$954,370$909,097$1,108,981
53$1,182,224$949,434$887,852$1,137,525
54$1,249,482$942,628$864,266$1,167,562
55$1,321,921$933,809$838,211$1,199,253
56$1,400,016$922,825$809,550$1,232,776
57$1,484,289$909,515$778,142$1,268,331
58$1,575,315$893,709$743,838$1,306,141
59$1,673,724$875,227$706,483$1,346,455
60$1,780,208$853,878$665,915$1,389,550
61$1,895,531$829,459$621,964$1,435,736
62$2,020,529$801,757$574,454$1,485,356
63$2,156,124$770,544$523,199$1,538,796
64$2,303,329$735,582$468,007$1,596,482
65$2,463,259$696,615$408,675$1,658,889
66$2,637,138$653,376$344,993$1,726,546
67$2,826,316$605,581$276,740$1,800,041
68$3,032,276$552,931$203,687$1,880,027
69$3,256,651$495,107$125,593$1,967,229
70$3,501,237$431,775$42,208$2,062,453
71$3,768,012$362,581$0$2,166,595
72$4,059,152$287,149$0$2,288,633
73$4,377,052$205,087$0$2,429,890
74$4,724,350$115,974$0$2,584,425
75$5,103,949$19,372$0$2,753,643
76$5,519,045$0$0$2,939,099
77$5,973,157$0$0$3,175,321
78$6,470,160$0$0$3,442,116
79$7,014,322$0$0$3,734,325
80$7,610,340$0$0$4,054,486
81$8,263,390$0$0$4,405,389
82$8,979,170$0$0$4,790,110
83$9,763,956$0$0$5,212,038
84$10,624,662$0$0$5,674,902
85$11,568,900$0$0$6,182,812
86$12,605,056$0$0$6,740,295
87$13,742,369$0$0$7,352,336
88$14,991,013$0$0$8,024,428
89$16,362,197$0$0$8,762,622
90$17,868,267$0$0$9,573,582
91$19,522,826$0$0$10,464,651
92$21,340,859$0$0$11,443,917
93$23,338,871$0$0$12,520,293
94$25,535,050$0$0$13,703,595
95$27,949,431$0$0$15,004,641
96$30,604,088$0$0$16,435,347
97$33,523,340$0$0$18,008,841
98$36,733,982$0$0$19,739,591
99$40,265,533$0$0$21,643,534
100$44,150,521$0$0$23,738,229