Can I retire at age 50 with 924,000?

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 $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%19.8%
1 years$76,303$75,623$74,960$74,313$73,681$70,786
2 years$37,774$37,070$36,388$35,727$35,086$32,205
3 years$24,932$24,226$23,546$22,891$22,260$19,483
4 years$18,513$17,809$17,135$16,492$15,876$13,225
5 years$14,662$13,962$13,298$12,667$12,069$9,550
6 years$12,096$11,401$10,747$10,130$9,550$7,165
7 years$10,264$9,575$8,930$8,328$7,766$5,514
8 years$8,890$8,207$7,574$6,987$6,443$4,322
9 years$7,822$7,146$6,523$5,951$5,426$3,433
10 years$6,968$6,299$5,687$5,130$4,623$2,754
11 years$6,270$5,607$5,007$4,464$3,976$2,226
12 years$5,689$5,033$4,443$3,916$3,446$1,811
13 years$5,198$4,548$3,970$3,457$3,005$1,480
14 years$4,777$4,134$3,567$3,069$2,634$1,214
15 years$4,412$3,777$3,221$2,737$2,319$999
16 years$4,094$3,465$2,920$2,451$2,050$824
17 years$3,813$3,191$2,657$2,202$1,817$681
18 years$3,564$2,949$2,425$1,984$1,616$564
19 years$3,341$2,733$2,220$1,793$1,440$468
20 years$3,140$2,540$2,038$1,624$1,286$388
21 years$2,959$2,366$1,874$1,474$1,151$323
22 years$2,795$2,208$1,728$1,340$1,032$268
23 years$2,645$2,065$1,595$1,220$926$223
24 years$2,508$1,935$1,475$1,113$833$186
25 years$2,382$1,816$1,366$1,017$749$155
26 years$2,266$1,707$1,267$929$675$129
27 years$2,159$1,606$1,177$851$608$108
28 years$2,059$1,513$1,094$779$549$90
29 years$1,967$1,428$1,018$715$496$75
30 years$1,881$1,348$948$656$448$62
31 years$1,800$1,275$884$602$405$52
32 years$1,725$1,206$825$554$366$43
33 years$1,655$1,142$770$509$332$36
34 years$1,589$1,083$720$468$300$30
35 years$1,526$1,027$673$431$272$25
36 years$1,468$975$629$397$246$21
37 years$1,412$926$589$366$223$18
38 years$1,360$880$552$337$202$15
39 years$1,310$836$517$311$184$12
40 years$1,263$796$484$287$166$10
41 years$1,219$758$454$265$151$9
42 years$1,176$721$426$244$137$7
43 years$1,136$687$400$225$124$6
44 years$1,098$655$375$208$113$5
45 years$1,061$625$352$192$102$4
46 years$1,027$596$331$178$93$3
47 years$993$569$311$164$84$3
48 years$962$543$292$152$77$2
49 years$931$519$275$140$70$2
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $924,000, adding $5,099 every year, while hoping to spend $33,329 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: 54/40/6 Blend
49$924,000$924,000$924,000$924,000
50$1,023,508$974,536$960,214$1,077,124
51$1,092,444$986,826$956,919$1,126,222
52$1,167,294$998,602$952,397$1,175,510
53$1,248,627$1,009,802$946,571$1,228,336
54$1,337,067$1,020,363$939,362$1,285,041
55$1,433,303$1,030,215$930,685$1,345,998
56$1,538,089$1,039,285$920,452$1,411,623
57$1,652,260$1,047,496$908,573$1,482,372
58$1,776,730$1,054,763$894,950$1,558,750
59$1,912,509$1,060,998$879,483$1,641,313
60$2,060,705$1,066,108$862,066$1,730,675
61$2,222,541$1,069,991$842,589$1,827,515
62$2,399,360$1,072,541$820,936$1,932,581
63$2,592,644$1,073,644$796,987$2,046,699
64$2,804,022$1,073,182$770,614$2,170,781
65$3,035,290$1,071,024$741,687$2,305,832
66$3,288,421$1,067,037$710,066$2,452,964
67$3,565,594$1,061,075$675,607$2,613,402
68$3,869,204$1,052,987$638,158$2,788,499
69$4,201,889$1,042,610$597,563$2,979,747
70$4,566,556$1,029,772$553,656$3,188,793
71$4,966,405$1,014,291$506,264$3,417,455
72$5,404,962$995,975$455,207$3,667,739
73$5,886,109$974,619$400,297$3,941,859
74$6,414,123$950,006$341,338$4,242,255
75$6,993,715$921,907$278,124$4,571,623
76$7,630,073$890,081$210,441$4,932,937
77$8,328,915$854,269$138,065$5,329,475
78$9,096,537$814,201$60,763$5,764,857
79$9,939,875$769,588$0$6,243,075
80$10,866,572$720,128$0$6,769,925
81$11,885,047$665,498$0$7,353,116
82$13,004,573$605,359$0$7,994,131
83$14,235,369$539,351$0$8,698,900
84$15,588,693$467,096$0$9,473,962
85$17,076,948$388,191$0$10,326,529
86$18,713,797$302,214$0$11,264,557
87$20,514,299$208,716$0$12,296,816
88$22,495,039$107,226$0$13,432,980
89$24,674,296$0$0$14,683,715
90$27,072,208$0$0$16,061,998
91$29,710,962$0$0$17,630,751
92$32,615,007$0$0$19,357,326
93$35,811,280$0$0$21,257,752
94$39,329,464$0$0$23,349,688
95$43,202,263$0$0$25,652,598
96$47,465,716$0$0$28,187,923
97$52,159,531$0$0$30,979,292
98$57,327,463$0$0$34,052,741
99$63,017,725$0$0$37,436,959
100$69,283,445$0$0$41,163,559