Can I retire at age 50 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$76,303$75,623$74,960$74,313$73,681$72,640
2 years$37,774$37,070$36,388$35,727$35,086$34,039
3 years$24,932$24,226$23,546$22,891$22,260$21,240
4 years$18,513$17,809$17,135$16,492$15,876$14,891
5 years$14,662$13,962$13,298$12,667$12,069$11,121
6 years$12,096$11,401$10,747$10,130$9,550$8,640
7 years$10,264$9,575$8,930$8,328$7,766$6,896
8 years$8,890$8,207$7,574$6,987$6,443$5,611
9 years$7,822$7,146$6,523$5,951$5,426$4,633
10 years$6,968$6,299$5,687$5,130$4,623$3,868
11 years$6,270$5,607$5,007$4,464$3,976$3,258
12 years$5,689$5,033$4,443$3,916$3,446$2,763
13 years$5,198$4,548$3,970$3,457$3,005$2,358
14 years$4,777$4,134$3,567$3,069$2,634$2,021
15 years$4,412$3,777$3,221$2,737$2,319$1,740
16 years$4,094$3,465$2,920$2,451$2,050$1,502
17 years$3,813$3,191$2,657$2,202$1,817$1,301
18 years$3,564$2,949$2,425$1,984$1,616$1,130
19 years$3,341$2,733$2,220$1,793$1,440$983
20 years$3,140$2,540$2,038$1,624$1,286$856
21 years$2,959$2,366$1,874$1,474$1,151$747
22 years$2,795$2,208$1,728$1,340$1,032$653
23 years$2,645$2,065$1,595$1,220$926$571
24 years$2,508$1,935$1,475$1,113$833$500
25 years$2,382$1,816$1,366$1,017$749$439
26 years$2,266$1,707$1,267$929$675$385
27 years$2,159$1,606$1,177$851$608$338
28 years$2,059$1,513$1,094$779$549$297
29 years$1,967$1,428$1,018$715$496$261
30 years$1,881$1,348$948$656$448$229
31 years$1,800$1,275$884$602$405$201
32 years$1,725$1,206$825$554$366$177
33 years$1,655$1,142$770$509$332$156
34 years$1,589$1,083$720$468$300$137
35 years$1,526$1,027$673$431$272$121
36 years$1,468$975$629$397$246$106
37 years$1,412$926$589$366$223$94
38 years$1,360$880$552$337$202$83
39 years$1,310$836$517$311$184$73
40 years$1,263$796$484$287$166$64
41 years$1,219$758$454$265$151$56
42 years$1,176$721$426$244$137$50
43 years$1,136$687$400$225$124$44
44 years$1,098$655$375$208$113$39
45 years$1,061$625$352$192$102$34
46 years$1,027$596$331$178$93$30
47 years$993$569$311$164$84$26
48 years$962$543$292$152$77$23
49 years$931$519$275$140$70$21
50 years$902$495$258$130$63$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $924,000, adding $2,979 every year, while hoping to spend $53,031 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: 86/7/7 Blend
49$924,000$924,000$924,000$924,000
50$1,021,321$972,349$958,027$1,108,347
51$1,069,071$963,569$933,696$1,156,759
52$1,119,914$952,582$906,773$1,202,355
53$1,174,110$939,224$877,115$1,250,763
54$1,231,943$923,319$844,572$1,302,227
55$1,293,724$904,685$808,988$1,357,018
56$1,359,795$883,125$770,199$1,415,433
57$1,430,529$858,433$728,036$1,477,800
58$1,506,337$830,391$682,320$1,544,479
59$1,587,670$798,766$632,864$1,615,865
60$1,675,020$763,314$579,473$1,692,396
61$1,768,931$723,775$521,944$1,774,552
62$1,869,997$679,874$460,064$1,862,860
63$1,978,871$631,323$393,611$1,957,904
64$2,096,272$577,814$322,353$2,060,324
65$2,222,988$519,023$246,048$2,170,826
66$2,359,885$454,608$164,443$2,290,189
67$2,507,916$384,205$77,273$2,419,269
68$2,668,126$307,434$0$2,559,011
69$2,841,666$223,890$0$2,711,630
70$3,029,801$133,146$0$2,883,332
71$3,233,923$34,751$0$3,069,624
72$3,455,559$0$0$3,271,921
73$3,696,393$0$0$3,497,310
74$3,958,276$0$0$3,745,318
75$4,243,244$0$0$4,015,198
76$4,553,537$0$0$4,309,073
77$4,891,621$0$0$4,629,280
78$5,260,208$0$0$4,978,390
79$5,662,285$0$0$5,359,231
80$6,101,139$0$0$5,774,920
81$6,580,386$0$0$6,228,884
82$7,104,010$0$0$6,724,897
83$7,676,395$0$0$7,267,114
84$8,302,367$0$0$7,860,111
85$8,987,244$0$0$8,508,923
86$9,736,875$0$0$9,219,097
87$10,557,707$0$0$9,996,740
88$11,456,834$0$0$10,848,578
89$12,442,074$0$0$11,782,016
90$13,522,032$0$0$12,805,212
91$14,706,188$0$0$13,927,149
92$16,004,983$0$0$15,157,721
93$17,429,915$0$0$16,507,827
94$18,993,653$0$0$17,989,470
95$20,710,146$0$0$19,615,873
96$22,594,766$0$0$21,401,601
97$24,664,440$0$0$23,362,697
98$26,937,818$0$0$25,516,837
99$29,435,446$0$0$27,883,490
100$32,179,956$0$0$30,484,105