Can I retire at age 50 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$75,725$75,050$74,392$73,750$73,123$71,384
2 years$37,488$36,789$36,113$35,457$34,820$33,079
3 years$24,743$24,042$23,367$22,717$22,092$20,402
4 years$18,373$17,674$17,005$16,367$15,756$14,130
5 years$14,551$13,856$13,197$12,571$11,977$10,421
6 years$12,004$11,315$10,665$10,053$9,477$7,992
7 years$10,186$9,502$8,863$8,265$7,708$6,293
8 years$8,823$8,145$7,516$6,934$6,394$5,050
9 years$7,763$7,092$6,474$5,906$5,385$4,110
10 years$6,916$6,251$5,644$5,091$4,588$3,381
11 years$6,223$5,565$4,969$4,431$3,946$2,805
12 years$5,646$4,995$4,410$3,886$3,419$2,343
13 years$5,158$4,514$3,940$3,431$2,982$1,967
14 years$4,741$4,103$3,540$3,046$2,614$1,659
15 years$4,379$3,748$3,196$2,716$2,301$1,405
16 years$4,063$3,439$2,898$2,432$2,034$1,193
17 years$3,784$3,167$2,637$2,185$1,804$1,015
18 years$3,537$2,926$2,407$1,969$1,604$866
19 years$3,315$2,712$2,204$1,779$1,429$740
20 years$3,117$2,520$2,022$1,612$1,277$634
21 years$2,937$2,348$1,860$1,463$1,143$543
22 years$2,774$2,191$1,714$1,330$1,024$466
23 years$2,625$2,050$1,583$1,211$919$400
24 years$2,489$1,920$1,464$1,105$826$344
25 years$2,364$1,802$1,356$1,009$744$296
26 years$2,249$1,694$1,258$922$670$254
27 years$2,142$1,594$1,168$844$604$219
28 years$2,044$1,502$1,086$774$545$189
29 years$1,952$1,417$1,010$709$492$163
30 years$1,867$1,338$941$651$445$140
31 years$1,787$1,265$877$598$402$121
32 years$1,712$1,197$818$549$364$104
33 years$1,642$1,134$764$505$329$90
34 years$1,576$1,074$714$465$298$77
35 years$1,515$1,019$668$428$270$67
36 years$1,456$967$625$394$244$58
37 years$1,401$919$585$363$222$50
38 years$1,349$873$547$335$201$43
39 years$1,300$830$513$309$182$37
40 years$1,254$790$481$285$165$32
41 years$1,209$752$451$263$150$28
42 years$1,167$716$423$242$136$24
43 years$1,128$682$397$224$123$21
44 years$1,090$650$372$207$112$18
45 years$1,053$620$350$191$102$15
46 years$1,019$592$328$176$92$13
47 years$986$565$309$163$84$11
48 years$954$539$290$150$76$10
49 years$924$515$273$139$69$9
50 years$895$492$256$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $917,000, adding $3,576 every year, while hoping to spend $24,730 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: 77/12/11 Blend
49$917,000$917,000$917,000$917,000
50$1,014,223$965,622$951,408$1,089,997
51$1,091,361$986,625$956,968$1,161,371
52$1,175,538$1,007,828$961,885$1,236,100
53$1,267,447$1,029,215$966,112$1,317,336
54$1,367,848$1,050,768$969,598$1,405,718
55$1,477,581$1,072,468$972,292$1,501,948
56$1,597,568$1,094,293$974,137$1,606,802
57$1,728,826$1,116,219$975,077$1,721,132
58$1,872,474$1,138,221$975,050$1,845,877
59$2,029,744$1,160,272$973,992$1,982,073
60$2,201,993$1,182,341$971,836$2,130,860
61$2,390,716$1,204,395$968,512$2,293,494
62$2,597,559$1,226,400$963,947$2,471,359
63$2,824,333$1,248,318$958,063$2,665,979
64$3,073,037$1,270,107$950,779$2,879,034
65$3,345,867$1,291,722$942,011$3,112,375
66$3,645,247$1,313,118$931,669$3,368,041
67$3,973,843$1,334,242$919,662$3,648,279
68$4,334,595$1,355,040$905,891$3,955,564
69$4,730,740$1,375,453$890,254$4,292,624
70$5,165,843$1,395,418$872,644$4,662,465
71$5,643,832$1,414,866$852,951$5,068,399
72$6,169,035$1,433,727$831,057$5,514,075
73$6,746,218$1,451,921$806,840$6,003,516
74$7,380,635$1,469,368$780,171$6,541,153
75$8,078,071$1,485,978$750,918$7,131,869
76$8,844,900$1,501,657$718,940$7,781,047
77$9,688,146$1,516,305$684,091$8,494,615
78$10,615,547$1,529,814$646,218$9,279,111
79$11,635,628$1,542,070$605,161$10,141,734
80$12,757,782$1,552,951$560,754$11,090,422
81$13,992,359$1,562,328$512,822$12,133,920
82$15,350,760$1,570,063$461,182$13,281,866
83$16,845,551$1,576,009$405,645$14,544,882
84$18,490,574$1,580,011$346,011$15,934,671
85$20,301,083$1,581,902$282,073$17,464,133
86$22,293,885$1,581,506$213,614$19,147,482
87$24,487,498$1,578,637$140,407$21,000,383
88$26,902,329$1,573,096$62,217$23,040,100
89$29,560,861$1,564,673$0$25,285,657
90$32,487,870$1,553,143$0$27,760,511
91$35,710,656$1,538,270$0$30,493,230
92$39,259,300$1,519,802$0$33,501,999
93$43,166,950$1,497,474$0$36,814,910
94$47,470,131$1,471,002$0$40,462,920
95$52,209,091$1,440,088$0$44,480,146
96$57,428,181$1,404,414$0$48,904,179
97$63,176,271$1,363,647$0$53,776,446
98$69,507,215$1,317,429$0$59,142,599
99$76,480,354$1,265,387$0$65,052,944
100$84,161,081$1,207,122$0$71,562,919