Can I retire at age 50 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$76,633$75,951$75,285$74,635$74,000$71,545
2 years$37,937$37,231$36,546$35,882$35,238$32,789
3 years$25,040$24,331$23,648$22,990$22,357$19,990
4 years$18,593$17,886$17,209$16,563$15,945$13,678
5 years$14,726$14,023$13,355$12,722$12,121$9,961
6 years$12,148$11,450$10,793$10,174$9,591$7,539
7 years$10,308$9,616$8,969$8,364$7,800$5,856
8 years$8,929$8,243$7,606$7,017$6,471$4,634
9 years$7,856$7,177$6,551$5,977$5,449$3,717
10 years$6,999$6,326$5,712$5,152$4,643$3,012
11 years$6,298$5,632$5,028$4,484$3,993$2,461
12 years$5,714$5,055$4,463$3,933$3,460$2,023
13 years$5,220$4,568$3,987$3,472$3,018$1,671
14 years$4,797$4,152$3,582$3,082$2,645$1,387
15 years$4,431$3,793$3,234$2,749$2,329$1,154
16 years$4,111$3,480$2,933$2,461$2,058$963
17 years$3,829$3,205$2,668$2,211$1,825$806
18 years$3,579$2,962$2,436$1,993$1,623$675
19 years$3,355$2,745$2,230$1,801$1,446$567
20 years$3,154$2,551$2,047$1,631$1,292$476
21 years$2,972$2,376$1,882$1,480$1,156$401
22 years$2,807$2,218$1,735$1,346$1,036$337
23 years$2,657$2,074$1,602$1,226$930$284
24 years$2,519$1,943$1,482$1,118$836$240
25 years$2,393$1,824$1,372$1,021$752$202
26 years$2,276$1,714$1,273$933$678$171
27 years$2,168$1,613$1,182$854$611$144
28 years$2,068$1,520$1,099$783$551$122
29 years$1,975$1,434$1,022$718$498$103
30 years$1,889$1,354$952$659$450$87
31 years$1,808$1,280$888$605$407$73
32 years$1,733$1,211$828$556$368$62
33 years$1,662$1,147$773$511$333$52
34 years$1,595$1,087$723$471$301$44
35 years$1,533$1,031$676$433$273$38
36 years$1,474$979$632$399$247$32
37 years$1,418$930$592$368$224$27
38 years$1,366$883$554$339$203$23
39 years$1,316$840$519$312$184$19
40 years$1,269$799$486$288$167$16
41 years$1,224$761$456$266$152$14
42 years$1,181$725$428$245$138$12
43 years$1,141$690$402$226$125$10
44 years$1,103$658$377$209$113$8
45 years$1,066$628$354$193$103$7
46 years$1,031$599$332$178$93$6
47 years$998$571$312$165$85$5
48 years$966$545$293$152$77$4
49 years$935$521$276$141$70$4
50 years$906$497$259$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $928,000, adding $3,462 every year, while hoping to spend $47,725 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: 44/35/21 Blend
49$928,000$928,000$928,000$928,000
50$1,026,227$977,043$962,659$1,065,002
51$1,080,123$974,139$944,129$1,089,801
52$1,137,917$969,493$923,379$1,111,726
53$1,199,956$962,970$900,284$1,134,514
54$1,266,621$954,425$874,713$1,158,269
55$1,338,331$943,706$846,530$1,183,108
56$1,415,544$930,651$815,592$1,209,165
57$1,498,765$915,088$781,749$1,236,587
58$1,588,548$896,836$744,847$1,265,544
59$1,685,501$875,703$704,721$1,296,224
60$1,790,293$851,484$661,200$1,328,839
61$1,903,660$823,963$614,107$1,363,630
62$2,026,409$792,913$563,255$1,400,862
63$2,159,429$758,092$508,450$1,440,837
64$2,303,696$719,243$449,489$1,483,889
65$2,460,284$676,098$386,158$1,530,395
66$2,630,375$628,368$318,236$1,580,774
67$2,815,268$575,753$245,492$1,635,496
68$3,016,393$517,933$167,684$1,695,083
69$3,235,323$454,570$84,559$1,760,120
70$3,473,788$385,306$0$1,831,258
71$3,733,693$309,765$0$1,910,152
72$4,017,135$227,548$0$2,016,961
73$4,326,419$138,234$0$2,133,681
74$4,664,086$41,380$0$2,261,381
75$5,032,931$0$0$2,401,242
76$5,436,030$0$0$2,579,026
77$5,876,773$0$0$2,790,944
78$6,358,889$0$0$3,022,867
79$6,886,485$0$0$3,276,784
80$7,464,084$0$0$3,554,887
81$8,096,667$0$0$3,859,588
82$8,789,717$0$0$4,193,545
83$9,549,274$0$0$4,559,684
84$10,381,991$0$0$4,961,229
85$11,295,195$0$0$5,401,730
86$12,296,953$0$0$5,885,098
87$13,396,155$0$0$6,415,639
88$14,602,590$0$0$6,998,099
89$15,927,042$0$0$7,637,703
90$17,381,391$0$0$8,340,210
91$18,978,721$0$0$9,111,962
92$20,733,449$0$0$9,959,945
93$22,661,454$0$0$10,891,858
94$24,780,231$0$0$11,916,180
95$27,109,054$0$0$13,042,253
96$29,669,156$0$0$14,280,370
97$32,483,930$0$0$15,641,870
98$35,579,149$0$0$17,139,249
99$38,983,210$0$0$18,786,270
100$42,727,396$0$0$20,598,100