Can I retire at age 50 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$76,055$75,378$74,717$74,072$73,442$71,291
2 years$37,651$36,950$36,270$35,611$34,972$32,823
3 years$24,851$24,147$23,469$22,817$22,188$20,107
4 years$18,453$17,751$17,080$16,438$15,825$13,828
5 years$14,615$13,917$13,255$12,626$12,030$10,123
6 years$12,057$11,364$10,712$10,097$9,519$7,704
7 years$10,230$9,544$8,901$8,301$7,741$6,019
8 years$8,861$8,181$7,549$6,964$6,422$4,790
9 years$7,797$7,123$6,502$5,932$5,408$3,866
10 years$6,946$6,278$5,669$5,113$4,608$3,152
11 years$6,250$5,589$4,991$4,450$3,963$2,592
12 years$5,671$5,017$4,429$3,903$3,434$2,145
13 years$5,181$4,534$3,957$3,446$2,995$1,784
14 years$4,761$4,121$3,555$3,059$2,625$1,491
15 years$4,398$3,764$3,210$2,728$2,311$1,250
16 years$4,080$3,454$2,910$2,443$2,043$1,051
17 years$3,800$3,181$2,648$2,195$1,811$885
18 years$3,552$2,939$2,418$1,978$1,611$747
19 years$3,330$2,724$2,213$1,787$1,436$632
20 years$3,130$2,531$2,031$1,619$1,282$535
21 years$2,950$2,358$1,868$1,469$1,147$454
22 years$2,786$2,201$1,722$1,336$1,029$385
23 years$2,637$2,058$1,590$1,216$923$327
24 years$2,500$1,929$1,470$1,109$830$278
25 years$2,374$1,810$1,362$1,013$747$236
26 years$2,259$1,701$1,263$926$673$201
27 years$2,152$1,601$1,173$848$606$171
28 years$2,053$1,509$1,090$777$547$146
29 years$1,961$1,423$1,015$712$494$124
30 years$1,875$1,344$945$654$446$106
31 years$1,795$1,271$881$601$404$90
32 years$1,720$1,202$822$552$365$77
33 years$1,649$1,138$768$508$330$66
34 years$1,583$1,079$717$467$299$56
35 years$1,521$1,023$670$430$271$48
36 years$1,463$971$627$396$246$41
37 years$1,408$923$587$365$223$35
38 years$1,355$877$550$336$202$30
39 years$1,306$834$515$310$183$25
40 years$1,259$793$483$286$166$21
41 years$1,215$755$453$264$151$18
42 years$1,173$719$425$243$137$16
43 years$1,132$685$398$225$124$13
44 years$1,094$653$374$208$113$11
45 years$1,058$623$351$192$102$10
46 years$1,023$594$330$177$93$8
47 years$990$567$310$164$84$7
48 years$958$541$291$151$76$6
49 years$928$517$274$140$69$5
50 years$899$494$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $921,000, adding $2,280 every year, while hoping to spend $55,709 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: 72/9/19 Blend
49$921,000$921,000$921,000$921,000
50$1,017,294$968,481$954,205$1,085,770
51$1,061,784$956,662$926,897$1,119,782
52$1,108,945$942,398$896,807$1,150,103
53$1,158,990$925,508$863,783$1,181,894
54$1,212,153$905,805$827,666$1,215,291
55$1,268,690$883,086$788,290$1,250,445
56$1,328,880$857,141$745,482$1,287,525
57$1,393,029$827,744$699,058$1,326,716
58$1,461,472$794,657$648,831$1,368,224
59$1,534,577$757,630$594,601$1,412,279
60$1,612,745$716,395$536,161$1,459,133
61$1,696,418$670,672$473,296$1,509,069
62$1,786,079$620,161$405,778$1,562,398
63$1,882,260$564,550$333,373$1,619,465
64$1,985,542$503,505$255,832$1,680,652
65$2,096,565$436,674$172,900$1,746,383
66$2,216,030$363,686$84,308$1,817,126
67$2,344,707$284,149$0$1,893,402
68$2,483,443$197,647$0$1,977,860
69$2,633,166$103,744$0$2,087,436
70$2,794,897$1,976$0$2,205,787
71$2,969,760$0$0$2,333,756
72$3,158,987$0$0$2,482,983
73$3,363,933$0$0$2,644,856
74$3,586,090$0$0$2,820,361
75$3,827,097$0$0$3,010,799
76$4,088,756$0$0$3,217,598
77$4,373,050$0$0$3,442,330
78$4,682,161$0$0$3,686,727
79$5,018,487$0$0$3,952,690
80$5,384,668$0$0$4,242,315
81$5,783,611$0$0$4,557,903
82$6,218,511$0$0$4,901,993
83$6,692,888$0$0$5,277,374
84$7,210,614$0$0$5,687,118
85$7,775,952$0$0$6,134,606
86$8,393,595$0$0$6,623,562
87$9,068,709$0$0$7,158,083
88$9,806,983$0$0$7,742,681
89$10,614,678$0$0$8,382,323
90$11,498,691$0$0$9,082,481
91$12,466,614$0$0$9,849,177
92$13,526,810$0$0$10,689,046
93$14,688,487$0$0$11,609,391
94$15,961,786$0$0$12,618,259
95$17,357,877$0$0$13,724,509
96$18,889,060$0$0$14,937,902
97$20,568,885$0$0$16,269,185
98$22,412,277$0$0$17,730,199
99$24,435,673$0$0$19,333,986
100$26,657,182$0$0$21,094,912