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%19.3%
1 years$75,560$74,887$74,230$73,589$72,963$70,235
2 years$37,406$36,709$36,034$35,379$34,744$32,027
3 years$24,690$23,990$23,316$22,668$22,043$19,422
4 years$18,333$17,635$16,968$16,331$15,721$13,217
5 years$14,519$13,826$13,168$12,544$11,951$9,569
6 years$11,978$11,290$10,642$10,031$9,457$7,199
7 years$10,164$9,481$8,843$8,247$7,691$5,557
8 years$8,803$8,127$7,500$6,918$6,380$4,368
9 years$7,746$7,076$6,460$5,893$5,373$3,480
10 years$6,901$6,237$5,632$5,080$4,578$2,801
11 years$6,209$5,553$4,958$4,421$3,937$2,272
12 years$5,634$4,984$4,400$3,878$3,412$1,854
13 years$5,147$4,504$3,931$3,424$2,975$1,520
14 years$4,730$4,094$3,532$3,039$2,608$1,252
15 years$4,369$3,740$3,189$2,710$2,296$1,034
16 years$4,054$3,431$2,891$2,427$2,030$856
17 years$3,776$3,160$2,631$2,180$1,800$710
18 years$3,529$2,920$2,402$1,965$1,600$590
19 years$3,308$2,706$2,199$1,776$1,426$491
20 years$3,110$2,515$2,018$1,608$1,274$409
21 years$2,931$2,342$1,856$1,459$1,140$342
22 years$2,768$2,187$1,711$1,327$1,022$285
23 years$2,620$2,045$1,580$1,208$917$238
24 years$2,484$1,916$1,461$1,102$824$199
25 years$2,359$1,798$1,353$1,007$742$166
26 years$2,244$1,690$1,255$920$668$139
27 years$2,138$1,590$1,165$842$603$117
28 years$2,039$1,499$1,083$772$544$98
29 years$1,948$1,414$1,008$708$491$82
30 years$1,863$1,335$939$650$444$68
31 years$1,783$1,262$875$597$401$57
32 years$1,708$1,194$817$548$363$48
33 years$1,639$1,131$763$504$328$40
34 years$1,573$1,072$712$464$297$34
35 years$1,511$1,017$666$427$269$28
36 years$1,453$965$623$393$244$24
37 years$1,398$917$583$362$221$20
38 years$1,347$871$546$334$200$17
39 years$1,297$828$512$308$182$14
40 years$1,251$788$480$284$165$12
41 years$1,207$750$450$262$150$10
42 years$1,165$714$422$242$136$8
43 years$1,125$681$396$223$123$7
44 years$1,087$649$372$206$112$6
45 years$1,051$619$349$190$101$5
46 years$1,017$590$328$176$92$4
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$3
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $915,000, adding $5,255 every year, while hoping to spend $49,790 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: 65/16/19 Blend
49$915,000$915,000$915,000$915,000
50$1,013,751$965,256$951,073$1,074,479
51$1,064,177$959,577$929,958$1,110,201
52$1,118,078$951,951$906,466$1,143,052
53$1,175,756$942,231$880,467$1,177,768
54$1,237,541$930,258$851,821$1,214,534
55$1,303,797$915,868$820,383$1,253,552
56$1,374,922$898,883$786,004$1,295,049
57$1,451,353$879,117$748,524$1,339,276
58$1,533,570$856,372$707,778$1,386,511
59$1,622,099$830,440$663,595$1,437,063
60$1,717,520$801,099$615,792$1,491,274
61$1,820,468$768,113$564,182$1,549,523
62$1,931,641$731,236$508,567$1,612,229
63$2,051,807$690,205$448,742$1,679,858
64$2,181,808$644,742$384,492$1,752,926
65$2,322,572$594,553$315,592$1,832,003
66$2,475,118$539,330$241,807$1,917,722
67$2,640,566$478,743$162,894$2,010,781
68$2,820,149$412,447$78,596$2,111,957
69$3,015,222$340,075$0$2,222,106
70$3,227,276$261,240$0$2,344,480
71$3,457,952$175,534$0$2,494,979
72$3,709,053$82,526$0$2,658,873
73$3,982,566$0$0$2,837,507
74$4,280,676$0$0$3,035,577
75$4,605,788$0$0$3,267,489
76$4,960,548$0$0$3,520,607
77$5,347,871$0$0$3,797,018
78$5,770,962$0$0$4,099,018
79$6,233,354$0$0$4,429,136
80$6,738,933$0$0$4,790,154
81$7,291,979$0$0$5,185,137
82$7,897,205$0$0$5,617,459
83$8,559,798$0$0$6,090,837
84$9,285,475$0$0$6,609,362
85$10,080,526$0$0$7,177,540
86$10,951,883$0$0$7,800,334
87$11,907,177$0$0$8,483,209
88$12,954,815$0$0$9,232,186
89$14,104,054$0$0$10,053,895
90$15,365,093$0$0$10,955,638
91$16,749,165$0$0$11,945,462
92$18,268,642$0$0$13,032,226
93$19,937,154$0$0$14,225,693
94$21,769,715$0$0$15,536,615
95$23,782,865$0$0$16,976,838
96$25,994,824$0$0$18,559,411
97$28,425,666$0$0$20,298,712
98$31,097,504$0$0$22,210,577
99$34,034,700$0$0$24,312,457
100$37,264,096$0$0$26,623,576