Can I retire at age 50 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$75,395$74,723$74,068$73,428$72,804$70,871
2 years$37,324$36,629$35,955$35,302$34,669$32,735
3 years$24,636$23,937$23,265$22,618$21,995$20,121
4 years$18,293$17,597$16,931$16,295$15,687$13,887
5 years$14,488$13,796$13,139$12,516$11,925$10,204
6 years$11,952$11,265$10,619$10,009$9,436$7,795
7 years$10,141$9,461$8,824$8,229$7,674$6,114
8 years$8,784$8,110$7,484$6,903$6,366$4,886
9 years$7,729$7,061$6,446$5,880$5,361$3,960
10 years$6,886$6,224$5,619$5,069$4,568$3,243
11 years$6,196$5,541$4,947$4,411$3,929$2,679
12 years$5,621$4,973$4,391$3,869$3,405$2,227
13 years$5,136$4,494$3,923$3,416$2,969$1,862
14 years$4,720$4,085$3,525$3,032$2,602$1,563
15 years$4,360$3,732$3,182$2,704$2,291$1,316
16 years$4,045$3,424$2,885$2,421$2,025$1,112
17 years$3,767$3,153$2,625$2,176$1,796$942
18 years$3,521$2,914$2,397$1,961$1,597$799
19 years$3,301$2,700$2,194$1,772$1,423$680
20 years$3,103$2,509$2,014$1,605$1,271$579
21 years$2,924$2,337$1,852$1,456$1,138$493
22 years$2,762$2,182$1,707$1,324$1,020$421
23 years$2,614$2,041$1,576$1,206$915$359
24 years$2,478$1,912$1,458$1,100$823$307
25 years$2,354$1,794$1,350$1,004$740$263
26 years$2,239$1,686$1,252$918$667$225
27 years$2,133$1,587$1,163$841$601$192
28 years$2,035$1,495$1,081$770$542$165
29 years$1,944$1,411$1,006$706$490$141
30 years$1,858$1,332$937$648$443$121
31 years$1,779$1,259$873$595$400$104
32 years$1,705$1,192$815$547$362$89
33 years$1,635$1,129$761$503$328$76
34 years$1,570$1,070$711$463$297$65
35 years$1,508$1,015$665$426$269$56
36 years$1,450$963$622$392$243$48
37 years$1,395$915$582$362$221$41
38 years$1,344$869$545$333$200$35
39 years$1,295$826$511$307$181$30
40 years$1,248$786$479$283$164$26
41 years$1,204$749$449$262$149$22
42 years$1,162$713$421$241$135$19
43 years$1,123$679$395$223$123$16
44 years$1,085$647$371$206$112$14
45 years$1,049$617$348$190$101$12
46 years$1,014$589$327$175$92$10
47 years$981$562$307$162$83$9
48 years$950$537$289$150$76$8
49 years$920$512$271$138$69$7
50 years$891$489$255$128$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $913,000, adding $6,053 every year, while hoping to spend $46,158 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: 54/26/20 Blend
49$913,000$913,000$913,000$913,000
50$1,012,370$963,981$949,829$1,061,221
51$1,066,520$962,104$932,537$1,093,484
52$1,124,646$958,588$913,118$1,123,216
53$1,187,105$953,305$891,453$1,154,584
54$1,254,289$946,116$867,416$1,187,758
55$1,326,628$936,877$840,876$1,222,926
56$1,404,595$925,434$811,696$1,260,300
57$1,488,707$911,624$779,731$1,300,115
58$1,579,536$895,274$744,832$1,342,631
59$1,677,706$876,201$706,842$1,388,139
60$1,783,908$854,210$665,597$1,436,962
61$1,898,897$829,097$620,925$1,489,459
62$2,023,505$800,644$572,647$1,546,029
63$2,158,648$768,620$520,575$1,607,114
64$2,305,330$732,783$464,515$1,673,208
65$2,464,659$692,874$404,261$1,744,854
66$2,637,851$648,622$339,601$1,822,661
67$2,826,245$599,738$270,311$1,907,299
68$3,031,315$545,918$196,159$1,999,515
69$3,254,681$486,839$116,902$2,100,135
70$3,498,126$422,162$32,286$2,210,076
71$3,763,614$351,527$0$2,330,353
72$4,053,305$274,554$0$2,474,472
73$4,369,577$190,843$0$2,639,455
74$4,715,049$99,969$0$2,819,849
75$5,092,601$1,485$0$3,017,245
76$5,505,408$0$0$3,233,402
77$5,956,961$0$0$3,500,328
78$6,451,108$0$0$3,792,982
79$6,992,084$0$0$4,113,458
80$7,584,552$0$0$4,464,532
81$8,233,650$0$0$4,849,257
82$8,945,033$0$0$5,270,999
83$9,724,931$0$0$5,733,462
84$10,580,205$0$0$6,240,728
85$11,518,412$0$0$6,797,293
86$12,547,875$0$0$7,408,108
87$13,677,763$0$0$8,078,627
88$14,918,174$0$0$8,814,858
89$16,280,234$0$0$9,623,419
90$17,776,197$0$0$10,511,601
91$19,419,563$0$0$11,487,435
92$21,225,202$0$0$12,559,769
93$23,209,500$0$0$13,738,351
94$25,390,505$0$0$15,033,919
95$27,788,102$0$0$16,458,304
96$30,424,198$0$0$18,024,540
97$33,322,930$0$0$19,746,989
98$36,510,890$0$0$21,641,471
99$40,017,376$0$0$23,725,419
100$43,874,668$0$0$26,018,041