Can I retire at age 50 with 919,000?

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 $919,000?

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$75,890$75,214$74,555$73,911$73,282$71,540
2 years$37,569$36,870$36,192$35,534$34,896$33,151
3 years$24,797$24,095$23,418$22,767$22,140$20,446
4 years$18,413$17,712$17,043$16,402$15,790$14,161
5 years$14,583$13,887$13,226$12,599$12,003$10,444
6 years$12,031$11,339$10,688$10,075$9,498$8,009
7 years$10,208$9,523$8,882$8,283$7,724$6,307
8 years$8,842$8,163$7,533$6,949$6,408$5,061
9 years$7,780$7,107$6,488$5,919$5,397$4,119
10 years$6,931$6,265$5,656$5,102$4,598$3,388
11 years$6,236$5,577$4,980$4,440$3,955$2,811
12 years$5,658$5,006$4,419$3,895$3,427$2,348
13 years$5,170$4,524$3,948$3,438$2,988$1,972
14 years$4,751$4,112$3,548$3,052$2,620$1,663
15 years$4,388$3,756$3,203$2,722$2,306$1,408
16 years$4,072$3,446$2,904$2,437$2,038$1,195
17 years$3,792$3,174$2,643$2,190$1,807$1,018
18 years$3,544$2,933$2,412$1,974$1,607$868
19 years$3,323$2,718$2,208$1,783$1,432$742
20 years$3,123$2,526$2,027$1,615$1,279$635
21 years$2,943$2,353$1,864$1,466$1,145$544
22 years$2,780$2,196$1,718$1,333$1,026$467
23 years$2,631$2,054$1,586$1,214$921$401
24 years$2,495$1,924$1,467$1,107$828$345
25 years$2,369$1,806$1,359$1,011$745$296
26 years$2,254$1,697$1,260$924$671$255
27 years$2,147$1,597$1,170$846$605$219
28 years$2,048$1,505$1,088$775$546$189
29 years$1,956$1,420$1,012$711$493$163
30 years$1,871$1,341$943$652$446$140
31 years$1,791$1,268$879$599$403$121
32 years$1,716$1,200$820$551$364$104
33 years$1,646$1,136$766$506$330$90
34 years$1,580$1,077$716$466$299$78
35 years$1,518$1,021$669$429$270$67
36 years$1,460$969$626$395$245$58
37 years$1,404$921$586$364$222$50
38 years$1,352$875$549$335$201$43
39 years$1,303$832$514$309$183$37
40 years$1,256$792$482$285$166$32
41 years$1,212$753$452$263$150$28
42 years$1,170$718$424$243$136$24
43 years$1,130$684$398$224$124$21
44 years$1,092$652$373$207$112$18
45 years$1,056$621$350$191$102$15
46 years$1,021$593$329$177$93$13
47 years$988$566$309$163$84$11
48 years$956$540$291$151$76$10
49 years$926$516$273$139$69$9
50 years$897$493$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $919,000, adding $2,407 every year, while hoping to spend $46,347 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: 70/15/15 Blend
49$919,000$919,000$919,000$919,000
50$1,015,221$966,514$952,269$1,082,640
51$1,069,460$964,560$934,857$1,125,813
52$1,127,679$960,957$915,309$1,167,256
53$1,190,234$955,576$893,503$1,211,417
54$1,257,517$948,278$869,314$1,258,559
55$1,329,957$938,917$842,610$1,308,970
56$1,408,028$927,340$813,253$1,362,969
57$1,492,249$913,381$781,099$1,420,907
58$1,583,189$896,867$745,996$1,483,175
59$1,681,474$877,614$707,787$1,550,201
60$1,787,794$855,427$666,308$1,622,462
61$1,902,906$830,099$621,385$1,700,481
62$2,027,640$801,412$572,840$1,784,839
63$2,162,912$769,134$520,483$1,876,175
64$2,309,729$733,021$464,119$1,975,198
65$2,469,196$692,813$403,541$2,082,688
66$2,642,530$648,238$338,537$2,199,508
67$2,831,072$599,005$268,881$2,326,611
68$3,036,293$544,808$194,340$2,465,049
69$3,259,815$485,323$114,670$2,615,983
70$3,503,421$420,210$29,617$2,780,698
71$3,769,075$349,105$0$2,960,608
72$4,058,938$271,628$0$3,167,066
73$4,375,387$187,375$0$3,397,706
74$4,721,040$95,921$0$3,649,733
75$5,098,781$0$0$3,925,302
76$5,511,781$0$0$4,227,310
77$5,963,534$0$0$4,575,021
78$6,457,886$0$0$4,955,570
79$6,999,074$0$0$5,372,222
80$7,591,762$0$0$5,828,575
81$8,241,085$0$0$6,328,590
82$8,952,700$0$0$6,876,629
83$9,732,838$0$0$7,477,499
84$10,588,359$0$0$8,136,489
85$11,526,820$0$0$8,859,430
86$12,556,545$0$0$9,652,741
87$13,686,703$0$0$10,523,494
88$14,927,393$0$0$11,479,477
89$16,289,740$0$0$12,529,273
90$17,785,999$0$0$13,682,333
91$19,429,668$0$0$14,949,069
92$21,235,622$0$0$16,340,954
93$23,220,242$0$0$17,870,624
94$25,401,580$0$0$19,552,001
95$27,799,519$0$0$21,400,424
96$30,435,968$0$0$23,432,791
97$33,335,063$0$0$25,667,720
98$36,523,397$0$0$28,125,721
99$40,030,267$0$0$30,829,396
100$43,887,955$0$0$33,803,643