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%11.9%
1 years$75,312$74,641$73,987$73,348$72,724$72,145
2 years$37,283$36,589$35,916$35,263$34,631$34,047
3 years$24,609$23,911$23,240$22,594$21,971$21,401
4 years$18,273$17,577$16,913$16,277$15,670$15,117
5 years$14,472$13,781$13,125$12,503$11,912$11,379
6 years$11,939$11,253$10,607$9,998$9,426$8,913
7 years$10,130$9,450$8,814$8,220$7,666$7,173
8 years$8,775$8,101$7,475$6,896$6,359$5,887
9 years$7,721$7,053$6,438$5,874$5,355$4,903
10 years$6,878$6,217$5,613$5,063$4,563$4,131
11 years$6,189$5,535$4,942$4,406$3,924$3,512
12 years$5,615$4,968$4,386$3,865$3,401$3,008
13 years$5,130$4,489$3,918$3,412$2,966$2,591
14 years$4,715$4,081$3,521$3,029$2,600$2,244
15 years$4,355$3,728$3,179$2,701$2,289$1,951
16 years$4,041$3,420$2,882$2,419$2,023$1,702
17 years$3,763$3,150$2,622$2,173$1,794$1,490
18 years$3,517$2,911$2,394$1,959$1,595$1,307
19 years$3,297$2,697$2,192$1,770$1,422$1,150
20 years$3,100$2,507$2,011$1,603$1,270$1,013
21 years$2,921$2,335$1,850$1,455$1,136$894
22 years$2,759$2,179$1,705$1,323$1,019$790
23 years$2,611$2,038$1,574$1,205$914$699
24 years$2,476$1,910$1,456$1,099$822$620
25 years$2,351$1,792$1,349$1,003$739$549
26 years$2,237$1,684$1,251$917$666$488
27 years$2,131$1,585$1,161$840$601$433
28 years$2,033$1,494$1,080$769$542$385
29 years$1,941$1,409$1,005$705$489$343
30 years$1,856$1,331$936$647$442$305
31 years$1,777$1,258$872$595$400$271
32 years$1,703$1,190$814$547$362$242
33 years$1,633$1,127$760$503$327$215
34 years$1,568$1,068$710$462$296$192
35 years$1,506$1,013$664$426$268$171
36 years$1,448$962$621$392$243$153
37 years$1,394$914$581$361$220$136
38 years$1,342$868$544$333$200$121
39 years$1,293$826$510$307$181$108
40 years$1,247$785$478$283$164$97
41 years$1,203$748$448$261$149$86
42 years$1,161$712$420$241$135$77
43 years$1,121$678$395$223$123$69
44 years$1,084$647$370$205$111$61
45 years$1,048$617$348$190$101$55
46 years$1,013$588$327$175$92$49
47 years$980$561$307$162$83$44
48 years$949$536$288$150$76$39
49 years$919$512$271$138$69$35
50 years$890$489$255$128$62$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $912,000, adding $6,785 every year, while hoping to spend $20,588 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: 36/40/24 Blend
49$912,000$912,000$912,000$912,000
50$1,012,023$963,687$949,551$1,040,929
51$1,093,344$989,002$959,455$1,088,130
52$1,182,269$1,014,868$969,001$1,136,674
53$1,279,553$1,041,289$978,156$1,188,671
54$1,386,026$1,068,270$986,883$1,244,444
55$1,502,602$1,095,817$995,144$1,304,349
56$1,630,288$1,123,932$1,002,902$1,368,776
57$1,770,192$1,152,619$1,010,113$1,438,156
58$1,923,534$1,181,881$1,016,735$1,512,964
59$2,091,661$1,211,719$1,022,722$1,593,724
60$2,276,051$1,242,134$1,028,025$1,681,010
61$2,478,338$1,273,128$1,032,593$1,775,458
62$2,700,317$1,304,700$1,036,373$1,877,767
63$2,943,967$1,336,848$1,039,309$1,988,708
64$3,211,468$1,369,570$1,041,343$2,109,130
65$3,505,222$1,402,863$1,042,412$2,239,970
66$3,827,874$1,436,723$1,042,451$2,382,257
67$4,182,337$1,471,142$1,041,394$2,537,131
68$4,571,822$1,506,115$1,039,167$2,705,843
69$4,999,866$1,541,632$1,035,697$2,889,773
70$5,470,364$1,577,684$1,030,904$3,090,446
71$5,987,608$1,614,258$1,024,708$3,309,537
72$6,556,329$1,651,341$1,017,020$3,548,896
73$7,181,736$1,688,918$1,007,752$3,810,561
74$7,869,569$1,726,972$996,807$4,096,778
75$8,626,154$1,765,481$984,088$4,410,025
76$9,458,457$1,804,425$969,491$4,753,029
77$10,374,156$1,843,779$952,906$5,128,802
78$11,381,712$1,883,516$934,220$5,540,657
79$12,490,444$1,923,606$913,314$5,992,252
80$13,710,623$1,964,016$890,063$6,487,616
81$15,053,563$2,004,709$864,337$7,031,191
82$16,531,734$2,045,648$836,000$7,627,872
83$18,158,873$2,086,787$804,908$8,283,057
84$19,950,120$2,128,081$770,914$9,002,695
85$21,922,153$2,169,477$733,860$9,793,343
86$24,093,352$2,210,922$693,585$10,662,229
87$26,483,971$2,252,354$649,917$11,617,320
88$29,116,326$2,293,709$602,679$12,667,399
89$32,015,007$2,334,917$551,684$13,822,146
90$35,207,111$2,375,901$496,739$15,092,230
91$38,722,497$2,416,581$437,641$16,489,414
92$42,594,067$2,456,868$374,176$18,026,659
93$46,858,076$2,496,669$306,125$19,718,256
94$51,554,475$2,535,881$233,256$21,579,953
95$56,727,288$2,574,396$155,327$23,629,112
96$62,425,028$2,612,097$72,086$25,884,866
97$68,701,150$2,648,860$0$28,368,304
98$75,614,564$2,684,551$0$31,106,962
99$83,230,182$2,719,026$0$34,142,152
100$91,619,535$2,752,133$0$37,483,706