Can I retire at age 50 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$76,716$76,033$75,366$74,715$74,080$73,093
2 years$37,978$37,271$36,585$35,921$35,276$34,284
3 years$25,067$24,357$23,673$23,015$22,381$21,414
4 years$18,613$17,905$17,228$16,581$15,962$15,027
5 years$14,742$14,038$13,370$12,736$12,134$11,235
6 years$12,161$11,463$10,805$10,185$9,601$8,738
7 years$10,319$9,626$8,979$8,374$7,808$6,982
8 years$8,938$8,252$7,615$7,024$6,478$5,688
9 years$7,865$7,185$6,559$5,983$5,455$4,701
10 years$7,006$6,333$5,718$5,158$4,648$3,930
11 years$6,304$5,638$5,034$4,489$3,998$3,314
12 years$5,720$5,060$4,467$3,937$3,464$2,815
13 years$5,226$4,573$3,991$3,476$3,021$2,405
14 years$4,803$4,157$3,586$3,086$2,648$2,064
15 years$4,436$3,797$3,238$2,752$2,332$1,779
16 years$4,116$3,484$2,936$2,464$2,061$1,539
17 years$3,833$3,208$2,671$2,214$1,827$1,335
18 years$3,583$2,965$2,439$1,995$1,625$1,160
19 years$3,359$2,748$2,232$1,803$1,448$1,011
20 years$3,157$2,553$2,049$1,633$1,293$882
21 years$2,975$2,378$1,884$1,482$1,157$771
22 years$2,810$2,220$1,737$1,347$1,037$675
23 years$2,660$2,076$1,604$1,227$931$591
24 years$2,522$1,945$1,483$1,119$837$519
25 years$2,395$1,826$1,374$1,022$753$455
26 years$2,278$1,716$1,274$934$678$400
27 years$2,171$1,615$1,183$855$612$352
28 years$2,071$1,522$1,100$784$552$309
29 years$1,978$1,435$1,023$719$498$272
30 years$1,891$1,356$953$660$450$240
31 years$1,810$1,282$889$606$407$211
32 years$1,735$1,213$829$557$368$186
33 years$1,664$1,148$774$512$333$164
34 years$1,597$1,088$723$471$302$145
35 years$1,534$1,032$676$434$273$128
36 years$1,475$980$633$399$248$112
37 years$1,420$931$592$368$224$99
38 years$1,367$884$555$339$203$88
39 years$1,317$841$520$313$185$77
40 years$1,270$800$487$288$167$68
41 years$1,225$762$457$266$152$60
42 years$1,183$725$428$246$138$53
43 years$1,142$691$402$227$125$47
44 years$1,104$659$377$209$114$41
45 years$1,067$628$354$193$103$37
46 years$1,032$599$333$179$94$32
47 years$999$572$313$165$85$29
48 years$967$546$294$152$77$25
49 years$936$521$276$141$70$22
50 years$907$498$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $929,000, adding $5,924 every year, while hoping to spend $38,431 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: 28/46/26 Blend
49$929,000$929,000$929,000$929,000
50$1,029,869$980,632$966,232$1,050,241
51$1,094,025$987,792$957,711$1,074,014
52$1,163,437$994,016$947,616$1,095,799
53$1,238,601$999,216$935,854$1,118,420
54$1,320,061$1,003,300$922,327$1,141,973
55$1,408,416$1,006,170$906,934$1,166,569
56$1,504,325$1,007,723$889,567$1,192,333
57$1,608,513$1,007,849$870,115$1,219,404
58$1,721,776$1,006,428$848,459$1,247,941
59$1,844,992$1,003,338$824,477$1,278,121
60$1,979,126$998,446$798,041$1,310,144
61$2,125,238$991,611$769,017$1,344,233
62$2,284,497$982,685$737,264$1,380,639
63$2,458,189$971,510$702,635$1,419,644
64$2,647,728$957,918$664,978$1,461,563
65$2,854,673$941,733$624,131$1,506,748
66$3,080,739$922,766$579,928$1,555,591
67$3,327,811$900,819$532,193$1,608,533
68$3,597,970$875,681$480,743$1,666,065
69$3,893,502$847,129$425,388$1,728,732
70$4,216,928$814,926$365,926$1,797,147
71$4,571,021$778,824$302,152$1,871,987
72$4,958,836$738,558$233,845$1,954,010
73$5,383,739$693,848$160,780$2,044,058
74$5,849,433$644,400$82,719$2,143,068
75$6,359,999$589,899$0$2,252,082
76$6,919,931$530,017$0$2,372,421
77$7,534,180$464,404$0$2,529,708
78$8,208,198$392,691$0$2,702,476
79$8,947,989$314,488$0$2,892,388
80$9,760,170$229,383$0$3,101,287
81$10,652,027$136,942$0$3,331,211
82$11,631,587$36,706$0$3,584,414
83$12,707,693$0$0$3,863,390
84$13,890,088$0$0$4,207,246
85$15,189,502$0$0$4,605,715
86$16,617,760$0$0$5,043,862
87$18,187,885$0$0$5,525,703
88$19,914,230$0$0$6,055,664
89$21,812,604$0$0$6,638,620
90$23,900,427$0$0$7,279,945
91$26,196,890$0$0$7,985,556
92$28,723,139$0$0$8,761,976
93$31,502,471$0$0$9,616,391
94$34,560,557$0$0$10,556,717
95$37,925,680$0$0$11,591,680
96$41,629,004$0$0$12,730,892
97$45,704,866$0$0$13,984,944
98$50,191,102$0$0$15,365,508
99$55,129,401$0$0$16,885,443
100$60,565,698$0$0$18,558,921