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%18.4%
1 years$76,633$75,951$75,285$74,635$74,000$71,488
2 years$37,937$37,231$36,546$35,882$35,238$32,733
3 years$25,040$24,331$23,648$22,990$22,357$19,936
4 years$18,593$17,886$17,209$16,563$15,945$13,628
5 years$14,726$14,023$13,355$12,722$12,121$9,914
6 years$12,148$11,450$10,793$10,174$9,591$7,495
7 years$10,308$9,616$8,969$8,364$7,800$5,816
8 years$8,929$8,243$7,606$7,017$6,471$4,596
9 years$7,856$7,177$6,551$5,977$5,449$3,682
10 years$6,999$6,326$5,712$5,152$4,643$2,980
11 years$6,298$5,632$5,028$4,484$3,993$2,431
12 years$5,714$5,055$4,463$3,933$3,460$1,996
13 years$5,220$4,568$3,987$3,472$3,018$1,647
14 years$4,797$4,152$3,582$3,082$2,645$1,365
15 years$4,431$3,793$3,234$2,749$2,329$1,134
16 years$4,111$3,480$2,933$2,461$2,058$945
17 years$3,829$3,205$2,668$2,211$1,825$790
18 years$3,579$2,962$2,436$1,993$1,623$661
19 years$3,355$2,745$2,230$1,801$1,446$554
20 years$3,154$2,551$2,047$1,631$1,292$465
21 years$2,972$2,376$1,882$1,480$1,156$390
22 years$2,807$2,218$1,735$1,346$1,036$328
23 years$2,657$2,074$1,602$1,226$930$276
24 years$2,519$1,943$1,482$1,118$836$232
25 years$2,393$1,824$1,372$1,021$752$196
26 years$2,276$1,714$1,273$933$678$165
27 years$2,168$1,613$1,182$854$611$139
28 years$2,068$1,520$1,099$783$551$117
29 years$1,975$1,434$1,022$718$498$99
30 years$1,889$1,354$952$659$450$83
31 years$1,808$1,280$888$605$407$70
32 years$1,733$1,211$828$556$368$59
33 years$1,662$1,147$773$511$333$50
34 years$1,595$1,087$723$471$301$42
35 years$1,533$1,031$676$433$273$36
36 years$1,474$979$632$399$247$30
37 years$1,418$930$592$368$224$25
38 years$1,366$883$554$339$203$21
39 years$1,316$840$519$312$184$18
40 years$1,269$799$486$288$167$15
41 years$1,224$761$456$266$152$13
42 years$1,181$725$428$245$138$11
43 years$1,141$690$402$226$125$9
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$3
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 $6,279 every year, while hoping to spend $45,492 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: 75/11/14 Blend
49$928,000$928,000$928,000$928,000
50$1,029,133$979,949$965,565$1,102,801
51$1,085,701$979,563$949,508$1,151,939
52$1,146,515$977,634$931,389$1,199,489
53$1,211,959$974,037$911,090$1,250,363
54$1,282,456$968,642$888,488$1,304,876
55$1,358,470$961,310$863,457$1,363,379
56$1,440,512$951,892$835,860$1,426,256
57$1,529,141$940,232$805,559$1,493,933
58$1,624,974$926,164$772,406$1,566,878
59$1,728,688$909,512$736,248$1,645,608
60$1,841,027$890,090$696,924$1,730,694
61$1,962,808$867,701$654,268$1,822,765
62$2,094,932$842,136$608,103$1,922,516
63$2,238,388$813,174$558,248$2,030,713
64$2,394,264$780,580$504,510$2,148,200
65$2,563,758$744,108$446,690$2,275,910
66$2,748,187$703,494$384,579$2,414,871
67$2,949,000$658,463$317,960$2,566,217
68$3,167,791$608,721$246,605$2,731,201
69$3,406,315$553,958$170,276$2,911,202
70$3,666,504$493,847$88,726$3,107,743
71$3,950,485$428,043$1,695$3,322,505
72$4,260,596$356,178$0$3,557,340
73$4,599,414$277,868$0$3,827,914
74$4,969,775$192,705$0$4,124,015
75$5,374,801$100,256$0$4,447,921
76$5,817,930$68$0$4,802,420
77$6,302,948$0$0$5,190,586
78$6,834,023$0$0$5,628,918
79$7,415,745$0$0$6,109,100
80$8,053,169$0$0$6,635,300
81$8,751,862$0$0$7,212,120
82$9,517,956$0$0$7,844,626
83$10,358,204$0$0$8,538,399
84$11,280,043$0$0$9,299,586
85$12,291,668$0$0$10,134,957
86$13,402,101$0$0$11,051,971
87$14,621,284$0$0$12,058,843
88$15,960,168$0$0$13,164,622
89$17,430,814$0$0$14,379,277
90$19,046,511$0$0$15,713,791
91$20,821,898$0$0$17,180,263
92$22,773,104$0$0$18,792,019
93$24,917,894$0$0$20,563,745
94$27,275,844$0$0$22,511,617
95$29,868,519$0$0$24,653,460
96$32,719,679$0$0$27,008,908
97$35,855,501$0$0$29,599,597
98$39,304,828$0$0$32,449,363
99$43,099,435$0$0$35,584,470
100$47,274,337$0$0$39,033,854