Can I retire at age 50 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$75,973$75,296$74,636$73,991$73,362$71,793
2 years$37,610$36,910$36,231$35,573$34,934$33,361
3 years$24,824$24,121$23,444$22,792$22,164$20,635
4 years$18,433$17,731$17,061$16,420$15,807$14,336
5 years$14,599$13,902$13,240$12,612$12,017$10,606
6 years$12,044$11,352$10,700$10,086$9,508$8,160
7 years$10,219$9,533$8,892$8,292$7,733$6,447
8 years$8,852$8,172$7,541$6,956$6,415$5,192
9 years$7,788$7,115$6,495$5,925$5,402$4,241
10 years$6,938$6,271$5,662$5,108$4,603$3,502
11 years$6,243$5,583$4,985$4,445$3,959$2,916
12 years$5,664$5,011$4,424$3,899$3,431$2,445
13 years$5,175$4,529$3,953$3,442$2,992$2,062
14 years$4,756$4,116$3,552$3,056$2,622$1,746
15 years$4,393$3,760$3,207$2,725$2,309$1,484
16 years$4,076$3,450$2,907$2,440$2,041$1,266
17 years$3,796$3,177$2,645$2,192$1,809$1,082
18 years$3,548$2,936$2,415$1,976$1,609$927
19 years$3,326$2,721$2,211$1,785$1,434$796
20 years$3,127$2,529$2,029$1,617$1,281$684
21 years$2,947$2,355$1,866$1,467$1,146$589
22 years$2,783$2,199$1,720$1,334$1,027$508
23 years$2,634$2,056$1,588$1,215$922$438
24 years$2,497$1,927$1,469$1,108$829$378
25 years$2,372$1,808$1,360$1,012$746$327
26 years$2,256$1,699$1,262$925$672$283
27 years$2,150$1,599$1,172$847$606$245
28 years$2,050$1,507$1,089$776$547$212
29 years$1,958$1,422$1,014$712$494$183
30 years$1,873$1,343$944$653$446$159
31 years$1,793$1,269$880$600$403$138
32 years$1,718$1,201$821$551$365$119
33 years$1,648$1,137$767$507$330$103
34 years$1,582$1,078$716$466$299$90
35 years$1,520$1,022$670$429$271$78
36 years$1,461$970$627$395$245$67
37 years$1,406$922$586$364$222$58
38 years$1,354$876$549$336$202$51
39 years$1,305$833$515$310$183$44
40 years$1,258$792$482$286$166$38
41 years$1,213$754$452$264$150$33
42 years$1,171$718$424$243$136$29
43 years$1,131$684$398$224$124$25
44 years$1,093$652$374$207$112$22
45 years$1,057$622$351$191$102$19
46 years$1,022$593$330$177$93$16
47 years$989$566$310$163$84$14
48 years$957$541$291$151$76$12
49 years$927$516$273$140$69$11
50 years$898$493$257$129$63$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $920,000, adding $6,460 every year, while hoping to spend $41,007 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: 48/23/29 Blend
49$920,000$920,000$920,000$920,000
50$1,020,503$971,743$957,483$1,060,764
51$1,080,964$975,728$945,928$1,093,761
52$1,146,217$978,533$932,611$1,125,059
53$1,216,707$980,058$917,430$1,158,263
54$1,292,926$980,195$900,279$1,193,574
55$1,375,411$978,831$881,044$1,231,217
56$1,464,753$975,844$859,609$1,271,439
57$1,561,603$971,105$835,852$1,314,517
58$1,666,676$964,479$809,642$1,360,759
59$1,780,759$955,821$780,848$1,410,504
60$1,904,717$944,977$749,327$1,464,133
61$2,039,502$931,785$714,933$1,522,064
62$2,186,161$916,072$677,513$1,584,766
63$2,345,846$897,656$636,906$1,652,754
64$2,519,825$876,344$592,945$1,726,604
65$2,709,493$851,930$545,454$1,806,951
66$2,916,385$824,199$494,251$1,894,499
67$3,142,192$792,920$439,144$1,990,032
68$3,388,774$757,851$379,933$2,094,415
69$3,658,178$718,735$316,411$2,208,605
70$3,952,660$675,301$248,358$2,333,667
71$4,274,701$627,261$175,548$2,470,774
72$4,627,035$574,311$97,744$2,621,229
73$5,012,671$516,130$14,696$2,786,472
74$5,434,923$452,380$0$2,968,096
75$5,897,439$382,701$0$3,190,740
76$6,404,239$306,715$0$3,439,819
77$6,959,749$224,021$0$3,713,025
78$7,568,842$134,197$0$4,012,831
79$8,236,888$36,796$0$4,341,971
80$8,969,798$0$0$4,703,457
81$9,774,088$0$0$5,117,990
82$10,656,930$0$0$5,583,337
83$11,626,227$0$0$6,094,363
84$12,690,684$0$0$6,655,672
85$13,859,892$0$0$7,272,335
86$15,144,414$0$0$7,949,937
87$16,555,888$0$0$8,694,633
88$18,107,134$0$0$9,513,203
89$19,812,277$0$0$10,413,116
90$21,686,880$0$0$11,402,602
91$23,748,084$0$0$12,490,727
92$26,014,780$0$0$13,687,480
93$28,507,776$0$0$15,003,866
94$31,250,003$0$0$16,452,013
95$34,266,721$0$0$18,045,279
96$37,585,764$0$0$19,798,387
97$41,237,801$0$0$21,727,554
98$45,256,622$0$0$23,850,654
99$49,679,459$0$0$26,187,376
100$54,547,334$0$0$28,759,419