Can I retire at age 50 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$75,642$74,969$74,311$73,670$73,043$70,117
2 years$37,447$36,749$36,073$35,418$34,782$31,872
3 years$24,717$24,016$23,342$22,693$22,067$19,263
4 years$18,353$17,654$16,987$16,349$15,739$13,062
5 years$14,535$13,841$13,183$12,557$11,964$9,422
6 years$11,991$11,302$10,653$10,042$9,467$7,061
7 years$10,175$9,492$8,853$8,256$7,699$5,429
8 years$8,813$8,136$7,508$6,926$6,387$4,250
9 years$7,755$7,084$6,467$5,899$5,379$3,371
10 years$6,908$6,244$5,638$5,085$4,583$2,701
11 years$6,216$5,559$4,963$4,426$3,942$2,181
12 years$5,640$4,989$4,405$3,882$3,416$1,772
13 years$5,153$4,509$3,936$3,427$2,979$1,446
14 years$4,735$4,098$3,536$3,042$2,611$1,184
15 years$4,374$3,744$3,193$2,713$2,299$973
16 years$4,058$3,435$2,895$2,429$2,032$802
17 years$3,780$3,164$2,634$2,183$1,802$662
18 years$3,533$2,923$2,404$1,967$1,602$547
19 years$3,312$2,709$2,201$1,777$1,428$453
20 years$3,113$2,518$2,020$1,610$1,275$376
21 years$2,934$2,345$1,858$1,461$1,141$312
22 years$2,771$2,189$1,713$1,328$1,023$259
23 years$2,622$2,047$1,581$1,210$918$215
24 years$2,486$1,918$1,462$1,103$825$179
25 years$2,362$1,800$1,354$1,008$743$149
26 years$2,247$1,692$1,256$921$669$124
27 years$2,140$1,592$1,166$843$603$103
28 years$2,042$1,500$1,084$773$544$86
29 years$1,950$1,415$1,009$709$491$71
30 years$1,865$1,337$940$650$444$59
31 years$1,785$1,264$876$597$401$49
32 years$1,710$1,196$818$549$363$41
33 years$1,640$1,132$763$505$329$34
34 years$1,575$1,073$713$464$298$29
35 years$1,513$1,018$667$428$270$24
36 years$1,455$966$624$394$244$20
37 years$1,400$918$584$363$221$17
38 years$1,348$872$547$334$201$14
39 years$1,299$829$512$308$182$11
40 years$1,252$789$480$284$165$10
41 years$1,208$751$450$262$150$8
42 years$1,166$715$422$242$136$7
43 years$1,126$681$396$224$123$6
44 years$1,088$650$372$206$112$5
45 years$1,052$619$349$191$102$4
46 years$1,018$591$328$176$92$3
47 years$985$564$308$163$84$3
48 years$953$538$290$150$76$2
49 years$923$514$272$139$69$2
50 years$894$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 $916,000, adding $2,420 every year, while hoping to spend $31,079 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: 52/30/18 Blend
49$916,000$916,000$916,000$916,000
50$1,011,928$963,380$949,182$1,059,443
51$1,082,077$977,518$947,912$1,106,478
52$1,158,340$991,307$945,558$1,154,158
53$1,241,306$1,004,697$942,050$1,205,341
54$1,331,627$1,017,635$937,316$1,260,372
55$1,430,018$1,030,064$931,281$1,319,626
56$1,537,265$1,041,922$923,864$1,383,522
57$1,654,235$1,053,146$914,983$1,452,520
58$1,781,881$1,063,664$904,549$1,527,129
59$1,921,254$1,073,404$892,472$1,607,908
60$2,073,507$1,082,286$878,655$1,695,479
61$2,239,912$1,090,226$862,998$1,790,523
62$2,421,871$1,097,135$845,396$1,893,798
63$2,620,925$1,102,917$825,739$2,006,134
64$2,838,771$1,107,471$803,913$2,128,453
65$3,077,278$1,110,690$779,797$2,261,769
66$3,338,504$1,112,458$753,264$2,407,201
67$3,624,718$1,112,654$724,184$2,565,987
68$3,938,414$1,111,149$692,420$2,739,491
69$4,282,342$1,107,806$657,826$2,929,218
70$4,659,531$1,102,478$620,253$3,136,830
71$5,073,315$1,095,011$579,543$3,364,161
72$5,527,368$1,085,242$535,533$3,613,233
73$6,025,737$1,072,996$488,051$3,886,279
74$6,572,879$1,058,090$436,917$4,185,761
75$7,173,703$1,040,327$381,944$4,514,398
76$7,833,619$1,019,501$322,937$4,875,187
77$8,558,584$995,393$259,692$5,271,435
78$9,355,163$967,770$191,995$5,706,792
79$10,230,586$936,388$119,624$6,185,283
80$11,192,821$900,985$42,346$6,711,348
81$12,250,642$861,287$0$7,289,884
82$13,413,721$817,003$0$7,934,000
83$14,692,709$767,825$0$8,651,129
84$16,099,343$713,427$0$9,439,753
85$17,646,556$653,464$0$10,307,172
86$19,348,594$587,574$0$11,261,436
87$21,221,156$515,370$0$12,311,421
88$23,281,538$436,447$0$13,466,908
89$25,548,798$350,376$0$14,738,683
90$28,043,933$256,702$0$16,138,636
91$30,790,080$154,947$0$17,679,874
92$33,812,733$44,604$0$19,376,846
93$37,139,982$0$0$21,245,480
94$40,802,778$0$0$23,328,048
95$44,835,226$0$0$25,637,114
96$49,274,907$0$0$28,179,488
97$54,163,229$0$0$30,978,897
98$59,545,823$0$0$34,061,486
99$65,472,966$0$0$37,456,066
100$72,000,062$0$0$41,194,382