Can I retire at age 50 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$75,477$74,805$74,149$73,509$72,884$70,214
2 years$37,365$36,669$35,995$35,341$34,706$32,047
3 years$24,663$23,964$23,291$22,643$22,019$19,453
4 years$18,313$17,616$16,950$16,313$15,704$13,251
5 years$14,504$13,811$13,154$12,530$11,938$9,604
6 years$11,965$11,278$10,630$10,020$9,446$7,233
7 years$10,153$9,471$8,834$8,238$7,682$5,590
8 years$8,794$8,118$7,492$6,911$6,373$4,399
9 years$7,738$7,069$6,453$5,887$5,367$3,509
10 years$6,893$6,231$5,626$5,074$4,573$2,828
11 years$6,203$5,547$4,953$4,416$3,933$2,297
12 years$5,628$4,978$4,395$3,874$3,408$1,877
13 years$5,141$4,499$3,927$3,420$2,972$1,541
14 years$4,725$4,090$3,528$3,036$2,605$1,271
15 years$4,365$3,736$3,186$2,707$2,294$1,051
16 years$4,049$3,428$2,888$2,424$2,027$871
17 years$3,772$3,157$2,628$2,178$1,798$724
18 years$3,525$2,917$2,399$1,963$1,598$603
19 years$3,305$2,703$2,196$1,774$1,425$502
20 years$3,106$2,512$2,016$1,606$1,273$419
21 years$2,927$2,340$1,854$1,458$1,139$350
22 years$2,765$2,184$1,709$1,326$1,021$293
23 years$2,617$2,043$1,578$1,207$916$245
24 years$2,481$1,914$1,459$1,101$824$205
25 years$2,356$1,796$1,351$1,006$741$172
26 years$2,242$1,688$1,253$919$668$144
27 years$2,135$1,589$1,164$842$602$121
28 years$2,037$1,497$1,082$771$543$101
29 years$1,946$1,412$1,007$707$490$85
30 years$1,861$1,334$938$649$443$71
31 years$1,781$1,261$874$596$401$60
32 years$1,707$1,193$816$548$362$50
33 years$1,637$1,130$762$504$328$42
34 years$1,571$1,071$712$463$297$35
35 years$1,510$1,016$665$427$269$30
36 years$1,452$964$622$393$244$25
37 years$1,397$916$583$362$221$21
38 years$1,345$870$546$334$200$18
39 years$1,296$827$511$308$182$15
40 years$1,250$787$479$284$165$12
41 years$1,206$749$449$262$149$10
42 years$1,164$714$421$242$136$9
43 years$1,124$680$395$223$123$7
44 years$1,086$648$371$206$112$6
45 years$1,050$618$349$190$101$5
46 years$1,015$590$327$176$92$4
47 years$983$563$308$162$84$4
48 years$951$537$289$150$76$3
49 years$921$513$272$139$69$3
50 years$892$490$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $914,000, adding $5,115 every year, while hoping to spend $52,826 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: 35/35/30 Blend
49$914,000$914,000$914,000$914,000
50$1,012,504$964,062$949,895$1,038,661
51$1,059,573$955,095$925,510$1,049,830
52$1,109,673$943,917$898,538$1,056,798
53$1,163,056$930,366$868,836$1,063,319
54$1,220,001$914,267$836,255$1,069,388
55$1,280,811$895,436$800,639$1,075,008
56$1,345,819$873,678$761,826$1,080,186
57$1,415,390$848,786$719,645$1,084,932
58$1,489,925$820,542$673,918$1,089,267
59$1,569,863$788,714$624,460$1,093,217
60$1,655,686$753,057$571,076$1,096,819
61$1,747,922$713,313$513,563$1,100,118
62$1,847,151$669,207$451,709$1,103,171
63$1,954,012$620,450$385,293$1,106,050
64$2,069,204$566,734$314,083$1,108,841
65$2,193,496$507,737$237,837$1,111,646
66$2,327,732$443,116$156,304$1,114,588
67$2,472,841$372,509$69,221$1,117,810
68$2,629,843$295,534$0$1,121,481
69$2,799,860$211,788$0$1,133,387
70$2,984,124$120,844$0$1,170,303
71$3,183,991$22,252$0$1,210,405
72$3,400,953$0$0$1,254,093
73$3,636,649$0$0$1,334,345
74$3,892,883$0$0$1,431,022
75$4,171,640$0$0$1,536,319
76$4,475,103$0$0$1,651,076
77$4,805,675$0$0$1,776,216
78$5,166,000$0$0$1,912,757
79$5,558,988$0$0$2,061,820
80$5,987,841$0$0$2,224,636
81$6,456,085$0$0$2,402,564
82$6,967,600$0$0$2,597,098
83$7,526,660$0$0$2,809,883
84$8,137,967$0$0$3,042,730
85$8,806,700$0$0$3,297,634
86$9,538,562$0$0$3,576,791
87$10,339,832$0$0$3,882,620
88$11,217,423$0$0$4,217,785
89$12,178,952$0$0$4,585,220
90$13,232,802$0$0$4,988,156
91$14,388,211$0$0$5,430,152
92$15,655,350$0$0$5,915,127
93$17,045,423$0$0$6,447,399
94$18,570,770$0$0$7,031,724
95$20,244,983$0$0$7,673,341
96$22,083,036$0$0$8,378,021
97$24,101,423$0$0$9,152,121
98$26,318,311$0$0$10,002,645
99$28,753,715$0$0$10,937,308
100$31,429,686$0$0$11,964,611