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%16.5%
1 years$75,477$74,805$74,149$73,509$72,884$70,949
2 years$37,365$36,669$35,995$35,341$34,706$32,771
3 years$24,663$23,964$23,291$22,643$22,019$20,143
4 years$18,313$17,616$16,950$16,313$15,704$13,902
5 years$14,504$13,811$13,154$12,530$11,938$10,215
6 years$11,965$11,278$10,630$10,020$9,446$7,804
7 years$10,153$9,471$8,834$8,238$7,682$6,121
8 years$8,794$8,118$7,492$6,911$6,373$4,892
9 years$7,738$7,069$6,453$5,887$5,367$3,964
10 years$6,893$6,231$5,626$5,074$4,573$3,247
11 years$6,203$5,547$4,953$4,416$3,933$2,682
12 years$5,628$4,978$4,395$3,874$3,408$2,230
13 years$5,141$4,499$3,927$3,420$2,972$1,864
14 years$4,725$4,090$3,528$3,036$2,605$1,564
15 years$4,365$3,736$3,186$2,707$2,294$1,318
16 years$4,049$3,428$2,888$2,424$2,027$1,113
17 years$3,772$3,157$2,628$2,178$1,798$943
18 years$3,525$2,917$2,399$1,963$1,598$800
19 years$3,305$2,703$2,196$1,774$1,425$680
20 years$3,106$2,512$2,016$1,606$1,273$579
21 years$2,927$2,340$1,854$1,458$1,139$494
22 years$2,765$2,184$1,709$1,326$1,021$421
23 years$2,617$2,043$1,578$1,207$916$360
24 years$2,481$1,914$1,459$1,101$824$308
25 years$2,356$1,796$1,351$1,006$741$263
26 years$2,242$1,688$1,253$919$668$225
27 years$2,135$1,589$1,164$842$602$193
28 years$2,037$1,497$1,082$771$543$165
29 years$1,946$1,412$1,007$707$490$141
30 years$1,861$1,334$938$649$443$121
31 years$1,781$1,261$874$596$401$104
32 years$1,707$1,193$816$548$362$89
33 years$1,637$1,130$762$504$328$76
34 years$1,571$1,071$712$463$297$65
35 years$1,510$1,016$665$427$269$56
36 years$1,452$964$622$393$244$48
37 years$1,397$916$583$362$221$41
38 years$1,345$870$546$334$200$35
39 years$1,296$827$511$308$182$30
40 years$1,250$787$479$284$165$26
41 years$1,206$749$449$262$149$22
42 years$1,164$714$421$242$136$19
43 years$1,124$680$395$223$123$16
44 years$1,086$648$371$206$112$14
45 years$1,050$618$349$190$101$12
46 years$1,015$590$327$176$92$10
47 years$983$563$308$162$84$9
48 years$951$537$289$150$76$8
49 years$921$513$272$139$69$7
50 years$892$490$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 $914,000, adding $3,255 every year, while hoping to spend $41,619 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: 34/47/19 Blend
49$914,000$914,000$914,000$914,000
50$1,010,586$962,144$947,977$1,038,946
51$1,069,383$965,006$935,451$1,062,981
52$1,132,783$966,614$921,112$1,084,802
53$1,201,211$966,862$904,853$1,107,462
54$1,275,134$965,639$886,566$1,131,060
55$1,355,067$962,824$866,134$1,155,708
56$1,441,573$958,292$843,440$1,181,531
57$1,535,275$951,909$818,356$1,208,671
58$1,636,853$943,533$790,752$1,237,288
59$1,747,060$933,014$760,489$1,267,562
60$1,866,720$920,192$727,426$1,299,697
61$1,996,741$904,897$691,410$1,333,918
62$2,138,123$886,951$652,286$1,370,483
63$2,291,963$866,163$609,890$1,409,675
64$2,459,471$842,333$564,049$1,451,816
65$2,641,978$815,248$514,585$1,497,265
66$2,840,947$784,682$461,311$1,546,421
67$3,057,989$750,398$404,031$1,599,734
68$3,294,879$712,142$342,541$1,657,703
69$3,553,568$669,649$276,627$1,720,886
70$3,836,206$622,635$206,068$1,789,907
71$4,145,158$570,804$130,631$1,865,458
72$4,483,030$513,838$50,072$1,948,314
73$4,852,689$451,407$0$2,039,334
74$5,257,294$383,156$0$2,146,755
75$5,700,321$308,714$0$2,275,670
76$6,185,602$227,689$0$2,417,159
77$6,717,352$139,664$0$2,572,595
78$7,300,216$44,202$0$2,743,504
79$7,939,310$0$0$2,931,572
80$8,640,267$0$0$3,169,268
81$9,409,293$0$0$3,455,262
82$10,253,223$0$0$3,769,254
83$11,179,585$0$0$4,114,062
84$12,196,673$0$0$4,492,792
85$13,313,623$0$0$4,908,863
86$14,540,497$0$0$5,366,044
87$15,888,382$0$0$5,868,487
88$17,369,491$0$0$6,420,765
89$18,997,279$0$0$7,027,917
90$20,786,569$0$0$7,695,494
91$22,753,691$0$0$8,429,611
92$24,916,636$0$0$9,237,007
93$27,295,226$0$0$10,125,107
94$29,911,301$0$0$11,102,089
95$32,788,923$0$0$12,176,966
96$35,954,602$0$0$13,359,669
97$39,437,549$0$0$14,661,137
98$43,269,946$0$0$16,093,428
99$47,487,257$0$0$17,669,822
100$52,128,551$0$0$19,404,957