Can I retire at age 50 with 912,000?

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 $912,000?

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 years$75,312$74,641$73,987$73,348$72,724$70,937
2 years$37,283$36,589$35,916$35,263$34,631$32,841
3 years$24,609$23,911$23,240$22,594$21,971$20,235
4 years$18,273$17,577$16,913$16,277$15,670$14,001
5 years$14,472$13,781$13,125$12,503$11,912$10,315
6 years$11,939$11,253$10,607$9,998$9,426$7,902
7 years$10,130$9,450$8,814$8,220$7,666$6,215
8 years$8,775$8,101$7,475$6,896$6,359$4,982
9 years$7,721$7,053$6,438$5,874$5,355$4,049
10 years$6,878$6,217$5,613$5,063$4,563$3,327
11 years$6,189$5,535$4,942$4,406$3,924$2,757
12 years$5,615$4,968$4,386$3,865$3,401$2,299
13 years$5,130$4,489$3,918$3,412$2,966$1,928
14 years$4,715$4,081$3,521$3,029$2,600$1,624
15 years$4,355$3,728$3,179$2,701$2,289$1,373
16 years$4,041$3,420$2,882$2,419$2,023$1,164
17 years$3,763$3,150$2,622$2,173$1,794$990
18 years$3,517$2,911$2,394$1,959$1,595$843
19 years$3,297$2,697$2,192$1,770$1,422$719
20 years$3,100$2,507$2,011$1,603$1,270$615
21 years$2,921$2,335$1,850$1,455$1,136$526
22 years$2,759$2,179$1,705$1,323$1,019$451
23 years$2,611$2,038$1,574$1,205$914$386
24 years$2,476$1,910$1,456$1,099$822$332
25 years$2,351$1,792$1,349$1,003$739$285
26 years$2,237$1,684$1,251$917$666$245
27 years$2,131$1,585$1,161$840$601$210
28 years$2,033$1,494$1,080$769$542$181
29 years$1,941$1,409$1,005$705$489$155
30 years$1,856$1,331$936$647$442$134
31 years$1,777$1,258$872$595$400$115
32 years$1,703$1,190$814$547$362$99
33 years$1,633$1,127$760$503$327$85
34 years$1,568$1,068$710$462$296$73
35 years$1,506$1,013$664$426$268$63
36 years$1,448$962$621$392$243$55
37 years$1,394$914$581$361$220$47
38 years$1,342$868$544$333$200$40
39 years$1,293$826$510$307$181$35
40 years$1,247$785$478$283$164$30
41 years$1,203$748$448$261$149$26
42 years$1,161$712$420$241$135$22
43 years$1,121$678$395$223$123$19
44 years$1,084$647$370$205$111$17
45 years$1,048$617$348$190$101$14
46 years$1,013$588$327$175$92$12
47 years$980$561$307$162$83$11
48 years$949$536$288$150$76$9
49 years$919$512$271$138$69$8
50 years$890$489$255$128$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $912,000, adding $2,285 every year, while hoping to spend $56,176 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: 42/33/25 Blend
49$912,000$912,000$912,000$912,000
50$1,007,381$959,045$944,909$1,042,231
51$1,050,363$946,267$916,793$1,054,623
52$1,095,846$930,981$885,852$1,062,516
53$1,144,027$913,003$851,932$1,069,959
54$1,195,119$892,141$814,873$1,076,945
55$1,249,356$868,191$774,506$1,083,466
56$1,306,993$840,936$730,655$1,089,522
57$1,368,311$810,146$683,136$1,095,114
58$1,433,616$775,580$631,758$1,100,252
59$1,503,242$736,981$576,319$1,104,949
60$1,577,557$694,077$516,611$1,109,229
61$1,656,963$646,583$452,413$1,113,121
62$1,741,902$594,193$383,496$1,116,665
63$1,832,855$536,589$309,623$1,119,912
64$1,930,355$473,430$230,544$1,122,927
65$2,034,981$404,358$145,998$1,125,787
66$2,147,373$328,996$55,712$1,128,587
67$2,268,231$246,942$0$1,131,439
68$2,398,324$157,776$0$1,145,317
69$2,538,497$61,050$0$1,176,102
70$2,689,677$0$0$1,209,182
71$2,852,883$0$0$1,260,728
72$3,029,235$0$0$1,340,470
73$3,219,964$0$0$1,426,807
74$3,426,422$0$0$1,520,364
75$3,650,097$0$0$1,621,825
76$3,892,623$0$0$1,731,947
77$4,155,799$0$0$1,851,559
78$4,441,602$0$0$1,981,575
79$4,752,207$0$0$2,122,999
80$5,090,006$0$0$2,276,936
81$5,457,633$0$0$2,444,602
82$5,857,984$0$0$2,627,337
83$6,294,247$0$0$2,826,611
84$6,769,929$0$0$3,044,047
85$7,288,891$0$0$3,281,429
86$7,855,383$0$0$3,540,721
87$8,474,082$0$0$3,824,085
88$9,150,138$0$0$4,133,902
89$9,889,220$0$0$4,472,793
90$10,697,571$0$0$4,843,644
91$11,582,062$0$0$5,249,631
92$12,550,261$0$0$5,694,256
93$13,610,502$0$0$6,181,371
94$14,771,961$0$0$6,715,220
95$16,044,745$0$0$7,300,477
96$17,439,982$0$0$7,942,291
97$18,969,932$0$0$8,646,329
98$20,648,096$0$0$9,418,839
99$22,489,344$0$0$10,266,697
100$24,510,057$0$0$11,197,482