Can I retire at age 50 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$75,725$75,050$74,392$73,750$73,123$70,528
2 years$37,488$36,789$36,113$35,457$34,820$32,234
3 years$24,743$24,042$23,367$22,717$22,092$19,595
4 years$18,373$17,674$17,005$16,367$15,756$13,368
5 years$14,551$13,856$13,197$12,571$11,977$9,704
6 years$12,004$11,315$10,665$10,053$9,477$7,321
7 years$10,186$9,502$8,863$8,265$7,708$5,667
8 years$8,823$8,145$7,516$6,934$6,394$4,468
9 years$7,763$7,092$6,474$5,906$5,385$3,571
10 years$6,916$6,251$5,644$5,091$4,588$2,883
11 years$6,223$5,565$4,969$4,431$3,946$2,346
12 years$5,646$4,995$4,410$3,886$3,419$1,921
13 years$5,158$4,514$3,940$3,431$2,982$1,581
14 years$4,741$4,103$3,540$3,046$2,614$1,306
15 years$4,379$3,748$3,196$2,716$2,301$1,082
16 years$4,063$3,439$2,898$2,432$2,034$899
17 years$3,784$3,167$2,637$2,185$1,804$749
18 years$3,537$2,926$2,407$1,969$1,604$625
19 years$3,315$2,712$2,204$1,779$1,429$522
20 years$3,117$2,520$2,022$1,612$1,277$437
21 years$2,937$2,348$1,860$1,463$1,143$366
22 years$2,774$2,191$1,714$1,330$1,024$307
23 years$2,625$2,050$1,583$1,211$919$257
24 years$2,489$1,920$1,464$1,105$826$216
25 years$2,364$1,802$1,356$1,009$744$181
26 years$2,249$1,694$1,258$922$670$152
27 years$2,142$1,594$1,168$844$604$128
28 years$2,044$1,502$1,086$774$545$107
29 years$1,952$1,417$1,010$709$492$90
30 years$1,867$1,338$941$651$445$76
31 years$1,787$1,265$877$598$402$64
32 years$1,712$1,197$818$549$364$54
33 years$1,642$1,134$764$505$329$45
34 years$1,576$1,074$714$465$298$38
35 years$1,515$1,019$668$428$270$32
36 years$1,456$967$625$394$244$27
37 years$1,401$919$585$363$222$23
38 years$1,349$873$547$335$201$19
39 years$1,300$830$513$309$182$16
40 years$1,254$790$481$285$165$13
41 years$1,209$752$451$263$150$11
42 years$1,167$716$423$242$136$10
43 years$1,128$682$397$224$123$8
44 years$1,090$650$372$207$112$7
45 years$1,053$620$350$191$102$6
46 years$1,019$592$328$176$92$5
47 years$986$565$309$163$84$4
48 years$954$539$290$150$76$3
49 years$924$515$273$139$69$3
50 years$895$492$256$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $917,000, adding $4,076 every year, while hoping to spend $32,079 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: 34/48/18 Blend
49$917,000$917,000$917,000$917,000
50$1,014,738$966,137$951,924$1,043,488
51$1,084,110$979,346$949,682$1,078,176
52$1,159,482$992,127$946,289$1,112,290
53$1,241,433$1,004,426$941,674$1,148,401
54$1,330,600$1,016,183$935,760$1,186,703
55$1,427,681$1,027,336$928,468$1,227,412
56$1,533,447$1,037,818$919,714$1,270,769
57$1,648,746$1,047,558$909,412$1,317,037
58$1,774,511$1,056,481$897,470$1,366,513
59$1,911,767$1,064,505$883,792$1,419,522
60$2,061,646$1,071,545$868,277$1,476,426
61$2,225,392$1,077,508$850,822$1,537,624
62$2,404,373$1,082,297$831,316$1,603,562
63$2,600,098$1,085,808$809,644$1,674,729
64$2,814,227$1,087,932$785,686$1,751,672
65$3,048,588$1,088,550$759,316$1,834,992
66$3,305,194$1,087,540$730,403$1,925,356
67$3,586,262$1,084,767$698,810$2,023,503
68$3,894,233$1,080,093$664,393$2,130,251
69$4,231,795$1,073,368$627,000$2,246,504
70$4,601,910$1,064,435$586,477$2,373,262
71$5,007,838$1,053,126$542,657$2,511,634
72$5,453,172$1,039,264$495,371$2,662,843
73$5,941,868$1,022,660$444,438$2,828,245
74$6,478,284$1,003,115$389,672$3,009,336
75$7,067,220$980,419$330,877$3,207,774
76$7,713,964$954,347$267,849$3,425,389
77$8,424,341$924,663$200,375$3,664,205
78$9,204,769$891,117$128,232$3,926,458
79$10,062,317$853,443$51,189$4,214,622
80$11,004,772$811,360$0$4,531,427
81$12,040,715$764,573$0$4,885,852
82$13,179,598$712,767$0$5,286,151
83$14,431,835$655,611$0$5,726,218
84$15,808,900$592,753$0$6,210,173
85$17,323,433$523,824$0$6,742,566
86$18,989,363$448,430$0$7,328,419
87$20,822,033$366,159$0$7,973,271
88$22,838,353$276,573$0$8,683,237
89$25,056,950$179,210$0$9,465,065
90$27,498,350$73,583$0$10,326,197
91$30,185,169$0$0$11,274,850
92$33,142,326$0$0$12,341,647
93$36,397,279$0$0$13,558,815
94$39,980,282$0$0$14,898,821
95$43,924,671$0$0$16,374,153
96$48,267,179$0$0$17,998,573
97$53,048,282$0$0$19,787,242
98$58,312,580$0$0$21,756,869
99$64,109,218$0$0$23,925,865
100$70,492,349$0$0$26,314,517