Can I retire at age 50 with 921,000?

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 $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%
1 years$76,055$75,378$74,717$74,072$73,442$71,348
2 years$37,651$36,950$36,270$35,611$34,972$32,879
3 years$24,851$24,147$23,469$22,817$22,188$20,161
4 years$18,453$17,751$17,080$16,438$15,825$13,880
5 years$14,615$13,917$13,255$12,626$12,030$10,172
6 years$12,057$11,364$10,712$10,097$9,519$7,749
7 years$10,230$9,544$8,901$8,301$7,741$6,061
8 years$8,861$8,181$7,549$6,964$6,422$4,830
9 years$7,797$7,123$6,502$5,932$5,408$3,902
10 years$6,946$6,278$5,669$5,113$4,608$3,186
11 years$6,250$5,589$4,991$4,450$3,963$2,623
12 years$5,671$5,017$4,429$3,903$3,434$2,174
13 years$5,181$4,534$3,957$3,446$2,995$1,811
14 years$4,761$4,121$3,555$3,059$2,625$1,515
15 years$4,398$3,764$3,210$2,728$2,311$1,272
16 years$4,080$3,454$2,910$2,443$2,043$1,071
17 years$3,800$3,181$2,648$2,195$1,811$903
18 years$3,552$2,939$2,418$1,978$1,611$764
19 years$3,330$2,724$2,213$1,787$1,436$647
20 years$3,130$2,531$2,031$1,619$1,282$549
21 years$2,950$2,358$1,868$1,469$1,147$466
22 years$2,786$2,201$1,722$1,336$1,029$396
23 years$2,637$2,058$1,590$1,216$923$337
24 years$2,500$1,929$1,470$1,109$830$287
25 years$2,374$1,810$1,362$1,013$747$244
26 years$2,259$1,701$1,263$926$673$208
27 years$2,152$1,601$1,173$848$606$177
28 years$2,053$1,509$1,090$777$547$151
29 years$1,961$1,423$1,015$712$494$129
30 years$1,875$1,344$945$654$446$110
31 years$1,795$1,271$881$601$404$94
32 years$1,720$1,202$822$552$365$80
33 years$1,649$1,138$768$508$330$69
34 years$1,583$1,079$717$467$299$59
35 years$1,521$1,023$670$430$271$50
36 years$1,463$971$627$396$246$43
37 years$1,408$923$587$365$223$36
38 years$1,355$877$550$336$202$31
39 years$1,306$834$515$310$183$27
40 years$1,259$793$483$286$166$23
41 years$1,215$755$453$264$151$19
42 years$1,173$719$425$243$137$17
43 years$1,132$685$398$225$124$14
44 years$1,094$653$374$208$113$12
45 years$1,058$623$351$192$102$10
46 years$1,023$594$330$177$93$9
47 years$990$567$310$164$84$8
48 years$958$541$291$151$76$6
49 years$928$517$274$140$69$6
50 years$899$494$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $921,000, adding $4,145 every year, while hoping to spend $40,935 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: 49/36/15 Blend
49$921,000$921,000$921,000$921,000
50$1,019,218$970,405$956,129$1,064,734
51$1,079,623$974,400$944,605$1,100,549
52$1,144,818$977,219$931,323$1,134,858
53$1,215,248$978,761$916,180$1,171,226
54$1,291,402$978,919$899,071$1,209,861
55$1,373,818$977,579$879,883$1,250,993
56$1,463,087$974,620$858,498$1,294,876
57$1,559,859$969,914$834,796$1,341,796
58$1,664,850$963,324$808,646$1,392,067
59$1,778,845$954,708$779,916$1,446,038
60$1,902,709$943,910$748,465$1,504,097
61$2,037,394$930,770$714,147$1,566,673
62$2,183,945$915,115$676,809$1,634,244
63$2,343,516$896,764$636,289$1,707,337
64$2,517,371$875,522$592,422$1,786,538
65$2,706,907$851,187$545,032$1,872,496
66$2,913,658$823,541$493,937$1,965,930
67$3,139,312$792,356$438,945$2,067,635
68$3,385,730$757,389$379,858$2,178,495
69$3,654,957$718,385$316,466$2,299,484
70$3,949,249$675,071$248,554$2,431,685
71$4,271,085$627,162$175,893$2,576,293
72$4,623,197$574,355$98,246$2,734,632
73$5,008,593$516,328$15,368$2,908,168
74$5,430,585$452,744$0$3,098,521
75$5,892,820$383,244$0$3,319,180
76$6,399,316$307,450$0$3,563,817
77$6,954,494$224,964$0$3,832,207
78$7,563,229$135,363$0$4,126,821
79$8,230,884$38,202$0$4,450,389
80$8,963,371$0$0$4,805,923
81$9,767,199$0$0$5,223,289
82$10,649,538$0$0$5,698,135
83$11,618,288$0$0$6,219,590
84$12,682,150$0$0$6,792,351
85$13,850,707$0$0$7,421,592
86$15,134,518$0$0$8,113,013
87$16,545,216$0$0$8,872,893
88$18,095,616$0$0$9,708,150
89$19,799,833$0$0$10,626,405
90$21,673,423$0$0$11,636,055
91$23,733,520$0$0$12,746,351
92$25,999,003$0$0$13,967,484
93$28,490,672$0$0$15,310,685
94$31,231,445$0$0$16,788,325
95$34,246,570$0$0$18,414,037
96$37,563,867$0$0$20,202,841
97$41,213,990$0$0$22,171,286
98$45,230,711$0$0$24,337,607
99$49,651,244$0$0$26,721,895
100$54,516,592$0$0$29,346,289