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%14.2%
1 years$76,716$76,033$75,366$74,715$74,080$72,793
2 years$37,978$37,271$36,585$35,921$35,276$33,983
3 years$25,067$24,357$23,673$23,015$22,381$21,123
4 years$18,613$17,905$17,228$16,581$15,962$14,749
5 years$14,742$14,038$13,370$12,736$12,134$10,969
6 years$12,161$11,463$10,805$10,185$9,601$8,485
7 years$10,319$9,626$8,979$8,374$7,808$6,742
8 years$8,938$8,252$7,615$7,024$6,478$5,461
9 years$7,865$7,185$6,559$5,983$5,455$4,487
10 years$7,006$6,333$5,718$5,158$4,648$3,728
11 years$6,304$5,638$5,034$4,489$3,998$3,124
12 years$5,720$5,060$4,467$3,937$3,464$2,637
13 years$5,226$4,573$3,991$3,476$3,021$2,238
14 years$4,803$4,157$3,586$3,086$2,648$1,908
15 years$4,436$3,797$3,238$2,752$2,332$1,633
16 years$4,116$3,484$2,936$2,464$2,061$1,403
17 years$3,833$3,208$2,671$2,214$1,827$1,208
18 years$3,583$2,965$2,439$1,995$1,625$1,043
19 years$3,359$2,748$2,232$1,803$1,448$902
20 years$3,157$2,553$2,049$1,633$1,293$781
21 years$2,975$2,378$1,884$1,482$1,157$678
22 years$2,810$2,220$1,737$1,347$1,037$589
23 years$2,660$2,076$1,604$1,227$931$512
24 years$2,522$1,945$1,483$1,119$837$445
25 years$2,395$1,826$1,374$1,022$753$388
26 years$2,278$1,716$1,274$934$678$338
27 years$2,171$1,615$1,183$855$612$295
28 years$2,071$1,522$1,100$784$552$257
29 years$1,978$1,435$1,023$719$498$225
30 years$1,891$1,356$953$660$450$196
31 years$1,810$1,282$889$606$407$171
32 years$1,735$1,213$829$557$368$150
33 years$1,664$1,148$774$512$333$131
34 years$1,597$1,088$723$471$302$114
35 years$1,534$1,032$676$434$273$100
36 years$1,475$980$633$399$248$88
37 years$1,420$931$592$368$224$77
38 years$1,367$884$555$339$203$67
39 years$1,317$841$520$313$185$59
40 years$1,270$800$487$288$167$51
41 years$1,225$762$457$266$152$45
42 years$1,183$725$428$246$138$39
43 years$1,142$691$402$227$125$34
44 years$1,104$659$377$209$114$30
45 years$1,067$628$354$193$103$26
46 years$1,032$599$333$179$94$23
47 years$999$572$313$165$85$20
48 years$967$546$294$152$77$18
49 years$936$521$276$141$70$15
50 years$907$498$260$130$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $929,000, adding $2,751 every year, while hoping to spend $42,882 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: 54/24/22 Blend
49$929,000$929,000$929,000$929,000
50$1,026,596$977,359$962,959$1,075,704
51$1,085,682$979,623$949,592$1,111,992
52$1,149,359$980,561$934,340$1,146,760
53$1,218,047$980,063$917,095$1,183,699
54$1,292,213$978,011$897,742$1,223,030
55$1,372,366$974,281$876,164$1,264,999
56$1,459,068$968,742$852,236$1,309,880
57$1,552,936$961,252$825,829$1,357,973
58$1,654,646$951,665$796,805$1,409,614
59$1,764,945$939,822$765,023$1,465,176
60$1,884,653$925,556$730,335$1,525,070
61$2,014,671$908,692$692,585$1,589,753
62$2,155,992$889,041$651,610$1,659,732
63$2,309,705$866,407$607,241$1,735,567
64$2,477,011$840,577$559,300$1,817,879
65$2,659,233$811,332$507,603$1,907,358
66$2,857,822$778,434$451,955$2,004,764
67$3,074,378$741,636$392,154$2,110,941
68$3,310,663$700,674$327,989$2,226,822
69$3,568,613$655,270$259,240$2,353,442
70$3,850,363$605,130$185,676$2,491,942
71$4,158,261$549,942$107,056$2,643,588
72$4,494,891$489,377$23,131$2,809,779
73$4,863,102$423,088$0$2,992,061
74$5,266,026$350,707$0$3,207,740
75$5,707,116$271,847$0$3,449,920
76$6,190,171$186,097$0$3,715,325
77$6,719,377$93,024$0$4,006,335
78$7,299,343$0$0$4,325,578
79$7,935,146$0$0$4,678,019
80$8,632,375$0$0$5,091,540
81$9,397,189$0$0$5,545,234
82$10,236,369$0$0$6,043,138
83$11,157,387$0$0$6,589,696
84$12,168,471$0$0$7,189,802
85$13,278,687$0$0$7,848,849
86$14,498,019$0$0$8,572,779
87$15,837,467$0$0$9,368,134
88$17,309,149$0$0$10,242,126
89$18,926,416$0$0$11,202,695
90$20,703,973$0$0$12,258,593
91$22,658,023$0$0$13,419,458
92$24,806,417$0$0$14,695,912
93$27,168,822$0$0$16,099,657
94$29,766,904$0$0$17,643,583
95$32,624,538$0$0$19,341,895
96$35,768,024$0$0$21,210,242
97$39,226,343$0$0$23,265,869
98$43,031,424$0$0$25,527,774
99$47,218,450$0$0$28,016,889
100$51,826,184$0$0$30,756,281