Can I retire at age 50 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$76,220$75,542$74,879$74,233$73,601$72,145
2 years$37,733$37,030$36,349$35,689$35,048$33,587
3 years$24,905$24,200$23,520$22,866$22,236$20,816
4 years$18,493$17,789$17,117$16,474$15,859$14,490
5 years$14,646$13,947$13,283$12,653$12,056$10,743
6 years$12,083$11,389$10,735$10,119$9,539$8,283
7 years$10,253$9,564$8,921$8,319$7,758$6,559
8 years$8,880$8,198$7,565$6,979$6,436$5,294
9 years$7,814$7,138$6,516$5,945$5,420$4,335
10 years$6,961$6,292$5,681$5,124$4,618$3,588
11 years$6,264$5,601$5,001$4,460$3,972$2,996
12 years$5,683$5,027$4,439$3,912$3,442$2,518
13 years$5,192$4,543$3,966$3,453$3,001$2,129
14 years$4,772$4,130$3,563$3,066$2,631$1,808
15 years$4,407$3,773$3,217$2,734$2,317$1,541
16 years$4,089$3,461$2,917$2,448$2,047$1,318
17 years$3,809$3,188$2,654$2,199$1,815$1,130
18 years$3,560$2,946$2,423$1,982$1,614$971
19 years$3,337$2,730$2,218$1,791$1,439$836
20 years$3,137$2,537$2,036$1,622$1,285$721
21 years$2,956$2,363$1,872$1,472$1,150$623
22 years$2,792$2,206$1,726$1,339$1,031$538
23 years$2,642$2,063$1,593$1,219$925$466
24 years$2,505$1,933$1,474$1,112$832$404
25 years$2,380$1,814$1,365$1,015$748$350
26 years$2,264$1,705$1,266$928$674$303
27 years$2,157$1,604$1,175$850$608$263
28 years$2,057$1,512$1,093$779$548$229
29 years$1,965$1,426$1,017$714$495$199
30 years$1,879$1,347$947$655$447$173
31 years$1,799$1,273$883$602$405$150
32 years$1,723$1,205$824$553$366$130
33 years$1,653$1,141$769$509$331$113
34 years$1,587$1,081$719$468$300$99
35 years$1,525$1,026$672$431$272$86
36 years$1,466$973$629$397$246$75
37 years$1,411$925$588$366$223$65
38 years$1,358$879$551$337$202$57
39 years$1,309$836$516$311$183$49
40 years$1,262$795$484$287$166$43
41 years$1,217$757$454$264$151$37
42 years$1,175$721$426$244$137$33
43 years$1,135$687$399$225$124$28
44 years$1,097$655$375$208$113$25
45 years$1,060$624$352$192$102$21
46 years$1,025$595$331$177$93$19
47 years$992$568$311$164$84$16
48 years$961$542$292$151$77$14
49 years$930$518$274$140$70$12
50 years$901$495$258$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $923,000, adding $5,104 every year, while hoping to spend $41,504 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: 58/17/25 Blend
49$923,000$923,000$923,000$923,000
50$1,022,411$973,492$959,185$1,074,517
51$1,082,537$977,033$947,158$1,114,221
52$1,147,405$979,357$933,337$1,152,630
53$1,217,454$980,359$917,618$1,193,629
54$1,293,168$979,931$899,892$1,237,479
55$1,375,079$977,955$880,046$1,284,469
56$1,463,770$974,307$857,960$1,334,919
57$1,559,883$968,857$833,510$1,389,184
58$1,664,123$961,464$806,566$1,447,658
59$1,777,268$951,980$776,990$1,510,774
60$1,900,171$940,248$744,641$1,579,014
61$2,033,772$926,103$709,369$1,652,909
62$2,179,102$909,368$671,019$1,733,049
63$2,337,300$889,857$629,427$1,820,086
64$2,509,616$867,371$584,424$1,914,739
65$2,697,426$841,701$535,832$2,017,805
66$2,902,245$812,627$483,464$2,130,165
67$3,125,741$779,912$427,127$2,252,792
68$3,369,749$743,310$366,618$2,386,764
69$3,636,289$702,558$301,725$2,533,270
70$3,927,585$657,377$232,227$2,693,626
71$4,246,085$607,476$157,893$2,869,284
72$4,594,486$552,542$78,483$3,061,850
73$4,975,756$492,249$0$3,273,099
74$5,393,163$426,249$0$3,506,659
75$5,850,307$354,177$0$3,785,476
76$6,351,151$275,645$0$4,091,057
77$6,900,061$190,244$0$4,426,118
78$7,501,845$97,543$0$4,793,654
79$8,161,796$0$0$5,196,967
80$8,885,748$0$0$5,640,245
81$9,680,123$0$0$6,146,744
82$10,551,997$0$0$6,702,738
83$11,509,165$0$0$7,313,209
84$12,560,211$0$0$7,983,641
85$13,714,592$0$0$8,720,079
86$14,982,728$0$0$9,529,179
87$16,376,094$0$0$10,418,277
88$17,907,336$0$0$11,395,453
89$19,590,381$0$0$12,469,607
90$21,440,578$0$0$13,650,547
91$23,474,831$0$0$14,949,078
92$25,711,769$0$0$16,377,104
93$28,171,913$0$0$17,947,739
94$30,877,875$0$0$19,675,435
95$33,854,566$0$0$21,576,112
96$37,129,435$0$0$23,667,313
97$40,732,724$0$0$25,968,364
98$44,697,755$0$0$28,500,563
99$49,061,243$0$0$31,287,374
100$53,863,644$0$0$34,354,652