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%11.9%
1 years$75,395$74,723$74,068$73,428$72,804$72,224
2 years$37,324$36,629$35,955$35,302$34,669$34,084
3 years$24,636$23,937$23,265$22,618$21,995$21,424
4 years$18,293$17,597$16,931$16,295$15,687$15,134
5 years$14,488$13,796$13,139$12,516$11,925$11,391
6 years$11,952$11,265$10,619$10,009$9,436$8,922
7 years$10,141$9,461$8,824$8,229$7,674$7,181
8 years$8,784$8,110$7,484$6,903$6,366$5,893
9 years$7,729$7,061$6,446$5,880$5,361$4,909
10 years$6,886$6,224$5,619$5,069$4,568$4,136
11 years$6,196$5,541$4,947$4,411$3,929$3,516
12 years$5,621$4,973$4,391$3,869$3,405$3,011
13 years$5,136$4,494$3,923$3,416$2,969$2,594
14 years$4,720$4,085$3,525$3,032$2,602$2,246
15 years$4,360$3,732$3,182$2,704$2,291$1,953
16 years$4,045$3,424$2,885$2,421$2,025$1,704
17 years$3,767$3,153$2,625$2,176$1,796$1,491
18 years$3,521$2,914$2,397$1,961$1,597$1,309
19 years$3,301$2,700$2,194$1,772$1,423$1,151
20 years$3,103$2,509$2,014$1,605$1,271$1,014
21 years$2,924$2,337$1,852$1,456$1,138$895
22 years$2,762$2,182$1,707$1,324$1,020$791
23 years$2,614$2,041$1,576$1,206$915$700
24 years$2,478$1,912$1,458$1,100$823$620
25 years$2,354$1,794$1,350$1,004$740$550
26 years$2,239$1,686$1,252$918$667$488
27 years$2,133$1,587$1,163$841$601$434
28 years$2,035$1,495$1,081$770$542$386
29 years$1,944$1,411$1,006$706$490$343
30 years$1,858$1,332$937$648$443$305
31 years$1,779$1,259$873$595$400$272
32 years$1,705$1,192$815$547$362$242
33 years$1,635$1,129$761$503$328$216
34 years$1,570$1,070$711$463$297$192
35 years$1,508$1,015$665$426$269$171
36 years$1,450$963$622$392$243$153
37 years$1,395$915$582$362$221$136
38 years$1,344$869$545$333$200$122
39 years$1,295$826$511$307$181$108
40 years$1,248$786$479$283$164$97
41 years$1,204$749$449$262$149$86
42 years$1,162$713$421$241$135$77
43 years$1,123$679$395$223$123$69
44 years$1,085$647$371$206$112$61
45 years$1,049$617$348$190$101$55
46 years$1,014$589$327$175$92$49
47 years$981$562$307$162$83$44
48 years$950$537$289$150$76$39
49 years$920$512$271$138$69$35
50 years$891$489$255$128$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $913,000, adding $3,904 every year, while hoping to spend $26,997 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: 42/48/10 Blend
49$913,000$913,000$913,000$913,000
50$1,010,153$961,764$947,612$1,049,462
51$1,084,464$980,166$950,633$1,095,717
52$1,165,450$998,565$952,850$1,142,757
53$1,253,763$1,016,931$954,207$1,193,085
54$1,350,121$1,035,236$954,648$1,247,012
55$1,455,315$1,053,444$954,110$1,304,882
56$1,570,215$1,071,519$952,530$1,367,072
57$1,695,777$1,089,424$949,840$1,433,998
58$1,833,057$1,107,117$945,970$1,506,121
59$1,983,215$1,124,552$940,847$1,583,949
60$2,147,530$1,141,682$934,392$1,668,039
61$2,327,409$1,158,455$926,525$1,759,010
62$2,524,401$1,174,816$917,160$1,857,542
63$2,740,214$1,190,706$906,209$1,964,387
64$2,976,727$1,206,062$893,579$2,080,373
65$3,236,011$1,220,816$879,171$2,206,414
66$3,520,344$1,234,897$862,883$2,343,519
67$3,832,239$1,248,226$844,609$2,492,800
68$4,174,460$1,260,723$824,237$2,655,484
69$4,550,056$1,272,299$801,650$2,832,926
70$4,962,381$1,282,860$776,724$3,026,618
71$5,415,132$1,292,309$749,332$3,238,210
72$5,912,380$1,300,537$719,341$3,469,517
73$6,458,613$1,307,434$686,608$3,722,546
74$7,058,772$1,312,878$650,990$3,999,508
75$7,718,300$1,316,742$612,331$4,302,844
76$8,443,195$1,318,891$570,473$4,635,243
77$9,240,065$1,319,181$525,248$4,999,675
78$10,116,189$1,317,458$476,481$5,399,414
79$11,079,588$1,313,561$423,990$5,838,072
80$12,139,096$1,307,316$367,585$6,319,631
81$13,304,451$1,298,541$307,065$6,848,486
82$14,586,377$1,287,042$242,224$7,429,481
83$15,996,693$1,272,613$172,845$8,067,961
84$17,548,420$1,255,035$98,700$8,769,819
85$19,255,906$1,234,079$19,553$9,541,556
86$21,134,958$1,209,498$0$10,390,338
87$23,202,994$1,181,034$0$11,330,997
88$25,479,206$1,148,412$0$12,368,000
89$27,984,742$1,111,340$0$13,508,900
90$30,742,901$1,069,512$0$14,764,326
91$33,779,360$1,022,601$0$16,145,998
92$37,122,410$970,263$0$17,666,837
93$40,803,223$912,133$0$19,341,086
94$44,856,151$847,827$0$21,184,452
95$49,319,043$776,936$0$23,214,246
96$54,233,609$699,029$0$25,449,557
97$59,645,808$613,652$0$27,911,427
98$65,606,282$520,323$0$30,623,054
99$72,170,838$418,534$0$33,610,009
100$79,400,969$307,747$0$36,900,485