Can I retire at age 50 with 920,000?

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 $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%14.1%
1 years$75,973$75,296$74,636$73,991$73,362$72,117
2 years$37,610$36,910$36,231$35,573$34,934$33,684
3 years$24,824$24,121$23,444$22,792$22,164$20,947
4 years$18,433$17,731$17,061$16,420$15,807$14,633
5 years$14,599$13,902$13,240$12,612$12,017$10,889
6 years$12,044$11,352$10,700$10,086$9,508$8,428
7 years$10,219$9,533$8,892$8,292$7,733$6,700
8 years$8,852$8,172$7,541$6,956$6,415$5,430
9 years$7,788$7,115$6,495$5,925$5,402$4,464
10 years$6,938$6,271$5,662$5,108$4,603$3,711
11 years$6,243$5,583$4,985$4,445$3,959$3,112
12 years$5,664$5,011$4,424$3,899$3,431$2,628
13 years$5,175$4,529$3,953$3,442$2,992$2,232
14 years$4,756$4,116$3,552$3,056$2,622$1,905
15 years$4,393$3,760$3,207$2,725$2,309$1,632
16 years$4,076$3,450$2,907$2,440$2,041$1,402
17 years$3,796$3,177$2,645$2,192$1,809$1,208
18 years$3,548$2,936$2,415$1,976$1,609$1,044
19 years$3,326$2,721$2,211$1,785$1,434$903
20 years$3,127$2,529$2,029$1,617$1,281$783
21 years$2,947$2,355$1,866$1,467$1,146$680
22 years$2,783$2,199$1,720$1,334$1,027$591
23 years$2,634$2,056$1,588$1,215$922$514
24 years$2,497$1,927$1,469$1,108$829$448
25 years$2,372$1,808$1,360$1,012$746$390
26 years$2,256$1,699$1,262$925$672$341
27 years$2,150$1,599$1,172$847$606$297
28 years$2,050$1,507$1,089$776$547$260
29 years$1,958$1,422$1,014$712$494$227
30 years$1,873$1,343$944$653$446$198
31 years$1,793$1,269$880$600$403$173
32 years$1,718$1,201$821$551$365$152
33 years$1,648$1,137$767$507$330$133
34 years$1,582$1,078$716$466$299$116
35 years$1,520$1,022$670$429$271$102
36 years$1,461$970$627$395$245$89
37 years$1,406$922$586$364$222$78
38 years$1,354$876$549$336$202$68
39 years$1,305$833$515$310$183$60
40 years$1,258$792$482$286$166$52
41 years$1,213$754$452$264$150$46
42 years$1,171$718$424$243$136$40
43 years$1,131$684$398$224$124$35
44 years$1,093$652$374$207$112$31
45 years$1,057$622$351$191$102$27
46 years$1,022$593$330$177$93$24
47 years$989$566$310$163$84$21
48 years$957$541$291$151$76$18
49 years$927$516$273$140$69$16
50 years$898$493$257$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $920,000, adding $5,750 every year, while hoping to spend $33,127 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: 54/39/7 Blend
49$920,000$920,000$920,000$920,000
50$1,019,771$971,011$956,751$1,072,858
51$1,088,541$983,344$953,555$1,121,747
52$1,163,215$995,170$949,142$1,170,788
53$1,244,360$1,006,431$943,436$1,223,358
54$1,332,602$1,017,063$936,358$1,279,797
55$1,428,625$1,026,997$927,823$1,340,478
56$1,533,185$1,036,160$917,746$1,405,816
57$1,647,114$1,044,477$906,035$1,476,267
58$1,771,327$1,051,863$892,594$1,552,335
59$1,906,830$1,058,232$877,324$1,634,577
60$2,054,731$1,063,489$860,118$1,723,605
61$2,216,250$1,067,537$840,869$1,820,098
62$2,392,731$1,070,269$819,461$1,924,802
63$2,585,650$1,071,574$795,774$2,038,544
64$2,796,637$1,071,331$769,683$2,162,235
65$3,027,482$1,069,415$741,056$2,296,878
66$3,280,160$1,065,691$709,756$2,443,585
67$3,556,843$1,060,016$675,639$2,603,579
68$3,859,924$1,052,240$638,556$2,778,212
69$4,192,038$1,042,202$598,350$2,968,975
70$4,556,088$1,029,731$554,856$3,177,514
71$4,955,269$1,014,648$507,904$3,405,645
72$5,393,102$996,762$457,315$3,655,371
73$5,873,465$975,869$402,901$3,928,904
74$6,400,628$951,756$344,467$4,228,684
75$6,979,296$924,196$281,811$4,557,403
76$7,614,650$892,948$214,718$4,918,031
77$8,312,400$857,759$142,967$5,313,846
78$9,078,834$818,358$66,325$5,748,462
79$9,920,879$774,461$0$6,225,868
80$10,846,167$725,768$0$6,751,619
81$11,863,105$671,959$0$7,334,776
82$12,980,955$612,699$0$7,975,754
83$14,209,922$547,631$0$8,680,480
84$15,561,248$476,379$0$9,455,490
85$17,047,321$398,547$0$10,307,993
86$18,681,785$313,713$0$11,245,937
87$20,479,677$221,435$0$12,278,089
88$22,457,564$121,245$0$13,414,115
89$24,633,697$12,647$0$14,664,674
90$27,028,187$0$0$16,041,522
91$29,663,194$0$0$17,602,627
92$32,563,133$0$0$19,326,768
93$35,754,906$0$0$21,224,525
94$39,268,155$0$0$23,313,535
95$43,135,543$0$0$25,613,234
96$47,393,058$0$0$28,145,037
97$52,080,357$0$0$30,932,539
98$57,241,137$0$0$34,001,744
99$62,923,546$0$0$37,381,301
100$69,180,641$0$0$41,102,781