Can I retire at age 50 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$75,560$74,887$74,230$73,589$72,963$72,022
2 years$37,406$36,709$36,034$35,379$34,744$33,797
3 years$24,690$23,990$23,316$22,668$22,043$21,120
4 years$18,333$17,635$16,968$16,331$15,721$14,829
5 years$14,519$13,826$13,168$12,544$11,951$11,092
6 years$11,978$11,290$10,642$10,031$9,457$8,632
7 years$10,164$9,481$8,843$8,247$7,691$6,901
8 years$8,803$8,127$7,500$6,918$6,380$5,625
9 years$7,746$7,076$6,460$5,893$5,373$4,652
10 years$6,901$6,237$5,632$5,080$4,578$3,891
11 years$6,209$5,553$4,958$4,421$3,937$3,284
12 years$5,634$4,984$4,400$3,878$3,412$2,791
13 years$5,147$4,504$3,931$3,424$2,975$2,386
14 years$4,730$4,094$3,532$3,039$2,608$2,049
15 years$4,369$3,740$3,189$2,710$2,296$1,768
16 years$4,054$3,431$2,891$2,427$2,030$1,530
17 years$3,776$3,160$2,631$2,180$1,800$1,328
18 years$3,529$2,920$2,402$1,965$1,600$1,155
19 years$3,308$2,706$2,199$1,776$1,426$1,007
20 years$3,110$2,515$2,018$1,608$1,274$879
21 years$2,931$2,342$1,856$1,459$1,140$769
22 years$2,768$2,187$1,711$1,327$1,022$674
23 years$2,620$2,045$1,580$1,208$917$591
24 years$2,484$1,916$1,461$1,102$824$519
25 years$2,359$1,798$1,353$1,007$742$456
26 years$2,244$1,690$1,255$920$668$401
27 years$2,138$1,590$1,165$842$603$353
28 years$2,039$1,499$1,083$772$544$310
29 years$1,948$1,414$1,008$708$491$273
30 years$1,863$1,335$939$650$444$241
31 years$1,783$1,262$875$597$401$212
32 years$1,708$1,194$817$548$363$187
33 years$1,639$1,131$763$504$328$165
34 years$1,573$1,072$712$464$297$146
35 years$1,511$1,017$666$427$269$129
36 years$1,453$965$623$393$244$114
37 years$1,398$917$583$362$221$100
38 years$1,347$871$546$334$200$89
39 years$1,297$828$512$308$182$78
40 years$1,251$788$480$284$165$69
41 years$1,207$750$450$262$150$61
42 years$1,165$714$422$242$136$54
43 years$1,125$681$396$223$123$48
44 years$1,087$649$372$206$112$42
45 years$1,051$619$349$190$101$37
46 years$1,017$590$328$176$92$33
47 years$984$563$308$162$84$29
48 years$952$538$289$150$76$26
49 years$922$514$272$139$69$23
50 years$893$491$256$128$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $915,000, adding $6,217 every year, while hoping to spend $26,737 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: 69/12/19 Blend
49$915,000$915,000$915,000$915,000
50$1,014,743$966,248$952,065$1,079,644
51$1,089,799$985,146$955,512$1,142,651
52$1,171,614$1,004,074$958,177$1,207,842
53$1,260,850$1,023,005$960,008$1,278,514
54$1,358,235$1,041,911$960,946$1,355,206
55$1,464,570$1,060,759$960,932$1,438,512
56$1,580,736$1,079,516$959,904$1,529,086
57$1,707,705$1,098,146$957,794$1,627,648
58$1,846,545$1,116,610$954,535$1,734,993
59$1,998,434$1,134,865$950,053$1,851,995
60$2,164,666$1,152,866$944,272$1,979,621
61$2,346,670$1,170,564$937,113$2,118,933
62$2,546,017$1,187,908$928,492$2,271,103
63$2,764,436$1,204,841$918,322$2,437,424
64$3,003,834$1,221,303$906,511$2,619,317
65$3,266,309$1,237,231$892,964$2,818,354
66$3,554,173$1,252,556$877,579$3,036,263
67$3,869,973$1,267,206$860,252$3,274,950
68$4,216,512$1,281,101$840,872$3,536,517
69$4,596,880$1,294,159$819,325$3,823,279
70$5,014,480$1,306,290$795,491$4,137,790
71$5,473,059$1,317,401$769,242$4,482,862
72$5,976,748$1,327,390$740,448$4,861,598
73$6,530,093$1,336,149$708,970$5,277,414
74$7,138,107$1,343,565$674,665$5,734,079
75$7,806,310$1,349,515$637,382$6,235,746
76$8,540,783$1,353,871$596,964$6,786,992
77$9,348,226$1,356,494$553,246$7,392,863
78$10,236,022$1,357,239$506,056$8,058,918
79$11,212,303$1,355,950$455,215$8,791,287
80$12,286,028$1,352,462$400,535$9,596,727
81$13,467,071$1,346,601$341,821$10,482,683
82$14,766,308$1,338,180$278,868$11,457,363
83$16,195,724$1,327,003$211,462$12,529,813
84$17,768,522$1,312,861$139,381$13,710,002
85$19,499,252$1,295,532$62,391$15,008,921
86$21,403,944$1,274,781$0$16,438,682
87$23,500,262$1,250,361$0$18,016,642
88$25,807,667$1,222,007$0$19,767,266
89$28,347,604$1,189,441$0$21,694,163
90$31,143,703$1,152,367$0$23,815,263
91$34,222,000$1,110,472$0$26,150,323
92$37,611,186$1,063,426$0$28,721,118
93$41,342,872$1,010,880$0$31,551,639
94$45,451,893$952,461$0$34,668,328
95$49,976,635$887,780$0$38,100,322
96$54,959,392$816,422$0$41,879,730
97$60,446,773$737,949$0$46,041,934
98$66,490,134$651,899$0$50,625,929
99$73,146,068$557,783$0$55,674,683
100$80,476,937$455,084$0$61,235,550