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%12.7%
1 years$75,477$74,805$74,149$73,509$72,884$72,063
2 years$37,365$36,669$35,995$35,341$34,706$33,880
3 years$24,663$23,964$23,291$22,643$22,019$21,213
4 years$18,313$17,616$16,950$16,313$15,704$14,924
5 years$14,504$13,811$13,154$12,530$11,938$11,187
6 years$11,965$11,278$10,630$10,020$9,446$8,724
7 years$10,153$9,471$8,834$8,238$7,682$6,990
8 years$8,794$8,118$7,492$6,911$6,373$5,711
9 years$7,738$7,069$6,453$5,887$5,367$4,735
10 years$6,893$6,231$5,626$5,074$4,573$3,970
11 years$6,203$5,547$4,953$4,416$3,933$3,358
12 years$5,628$4,978$4,395$3,874$3,408$2,861
13 years$5,141$4,499$3,927$3,420$2,972$2,453
14 years$4,725$4,090$3,528$3,036$2,605$2,112
15 years$4,365$3,736$3,186$2,707$2,294$1,827
16 years$4,049$3,428$2,888$2,424$2,027$1,585
17 years$3,772$3,157$2,628$2,178$1,798$1,380
18 years$3,525$2,917$2,399$1,963$1,598$1,204
19 years$3,305$2,703$2,196$1,774$1,425$1,053
20 years$3,106$2,512$2,016$1,606$1,273$922
21 years$2,927$2,340$1,854$1,458$1,139$809
22 years$2,765$2,184$1,709$1,326$1,021$711
23 years$2,617$2,043$1,578$1,207$916$625
24 years$2,481$1,914$1,459$1,101$824$550
25 years$2,356$1,796$1,351$1,006$741$485
26 years$2,242$1,688$1,253$919$668$428
27 years$2,135$1,589$1,164$842$602$378
28 years$2,037$1,497$1,082$771$543$334
29 years$1,946$1,412$1,007$707$490$295
30 years$1,861$1,334$938$649$443$261
31 years$1,781$1,261$874$596$401$231
32 years$1,707$1,193$816$548$362$204
33 years$1,637$1,130$762$504$328$181
34 years$1,571$1,071$712$463$297$160
35 years$1,510$1,016$665$427$269$142
36 years$1,452$964$622$393$244$125
37 years$1,397$916$583$362$221$111
38 years$1,345$870$546$334$200$98
39 years$1,296$827$511$308$182$87
40 years$1,250$787$479$284$165$77
41 years$1,206$749$449$262$149$69
42 years$1,164$714$421$242$136$61
43 years$1,124$680$395$223$123$54
44 years$1,086$648$371$206$112$48
45 years$1,050$618$349$190$101$42
46 years$1,015$590$327$176$92$38
47 years$983$563$308$162$84$33
48 years$951$537$289$150$76$30
49 years$921$513$272$139$69$26
50 years$892$490$255$128$63$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $914,000, adding $6,404 every year, while hoping to spend $43,078 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: 35/36/29 Blend
49$914,000$914,000$914,000$914,000
50$1,013,834$965,392$951,225$1,040,286
51$1,071,410$966,861$937,256$1,062,168
52$1,133,415$966,959$921,376$1,081,452
53$1,200,256$965,572$903,474$1,101,437
54$1,272,378$962,581$883,437$1,122,217
55$1,350,272$957,859$861,143$1,143,896
56$1,434,477$951,272$836,469$1,166,593
57$1,525,585$942,675$809,281$1,190,445
58$1,624,247$931,918$779,444$1,215,603
59$1,731,178$918,840$746,814$1,242,241
60$1,847,166$903,271$711,240$1,270,553
61$1,973,076$885,030$672,565$1,300,757
62$2,109,860$863,927$630,627$1,333,100
63$2,258,565$839,759$585,252$1,367,857
64$2,420,344$812,312$536,263$1,405,339
65$2,596,463$781,359$483,472$1,445,893
66$2,788,317$746,661$426,683$1,489,908
67$2,997,442$707,964$365,693$1,537,819
68$3,225,525$664,999$300,289$1,590,113
69$3,474,428$617,482$230,247$1,647,332
70$3,746,195$565,114$155,336$1,710,083
71$4,043,079$507,578$75,312$1,779,043
72$4,367,561$444,537$0$1,854,966
73$4,722,371$375,638$0$1,941,814
74$5,110,516$300,507$0$2,062,473
75$5,535,304$218,747$0$2,194,741
76$6,000,382$129,943$0$2,339,866
77$6,509,762$33,652$0$2,499,228
78$7,067,866$0$0$2,674,357
79$7,679,561$0$0$2,894,908
80$8,350,208$0$0$3,151,463
81$9,085,712$0$0$3,432,967
82$9,892,576$0$0$3,741,925
83$10,777,964$0$0$4,081,100
84$11,749,767$0$0$4,453,532
85$12,816,676$0$0$4,862,570
86$13,988,266$0$0$5,311,906
87$15,275,082$0$0$5,805,605
88$16,688,744$0$0$6,348,146
89$18,242,052$0$0$6,944,463
90$19,949,105$0$0$7,599,991
91$21,825,437$0$0$8,320,719
92$23,888,164$0$0$9,113,247
93$26,156,140$0$0$9,984,842
94$28,650,137$0$0$10,943,514
95$31,393,044$0$0$11,998,087
96$34,410,076$0$0$13,158,285
97$37,729,015$0$0$14,434,819
98$41,380,474$0$0$15,839,492
99$45,398,179$0$0$17,385,311
100$49,819,292$0$0$19,086,604