Can I retire at age 50 with 929,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$76,716$76,033$75,366$74,715$74,080$71,680
2 years$37,978$37,271$36,585$35,921$35,276$32,881
3 years$25,067$24,357$23,673$23,015$22,381$20,065
4 years$18,613$17,905$17,228$16,581$15,962$13,744
5 years$14,742$14,038$13,370$12,736$12,134$10,019
6 years$12,161$11,463$10,805$10,185$9,601$7,592
7 years$10,319$9,626$8,979$8,374$7,808$5,904
8 years$8,938$8,252$7,615$7,024$6,478$4,677
9 years$7,865$7,185$6,559$5,983$5,455$3,756
10 years$7,006$6,333$5,718$5,158$4,648$3,047
11 years$6,304$5,638$5,034$4,489$3,998$2,493
12 years$5,720$5,060$4,467$3,937$3,464$2,052
13 years$5,226$4,573$3,991$3,476$3,021$1,698
14 years$4,803$4,157$3,586$3,086$2,648$1,411
15 years$4,436$3,797$3,238$2,752$2,332$1,176
16 years$4,116$3,484$2,936$2,464$2,061$983
17 years$3,833$3,208$2,671$2,214$1,827$823
18 years$3,583$2,965$2,439$1,995$1,625$691
19 years$3,359$2,748$2,232$1,803$1,448$581
20 years$3,157$2,553$2,049$1,633$1,293$489
21 years$2,975$2,378$1,884$1,482$1,157$412
22 years$2,810$2,220$1,737$1,347$1,037$347
23 years$2,660$2,076$1,604$1,227$931$293
24 years$2,522$1,945$1,483$1,119$837$248
25 years$2,395$1,826$1,374$1,022$753$209
26 years$2,278$1,716$1,274$934$678$177
27 years$2,171$1,615$1,183$855$612$150
28 years$2,071$1,522$1,100$784$552$127
29 years$1,978$1,435$1,023$719$498$107
30 years$1,891$1,356$953$660$450$91
31 years$1,810$1,282$889$606$407$77
32 years$1,735$1,213$829$557$368$65
33 years$1,664$1,148$774$512$333$55
34 years$1,597$1,088$723$471$302$47
35 years$1,534$1,032$676$434$273$39
36 years$1,475$980$633$399$248$33
37 years$1,420$931$592$368$224$28
38 years$1,367$884$555$339$203$24
39 years$1,317$841$520$313$185$20
40 years$1,270$800$487$288$167$17
41 years$1,225$762$457$266$152$15
42 years$1,183$725$428$246$138$12
43 years$1,142$691$402$227$125$10
44 years$1,104$659$377$209$114$9
45 years$1,067$628$354$193$103$8
46 years$1,032$599$333$179$94$6
47 years$999$572$313$165$85$5
48 years$967$546$294$152$77$5
49 years$936$521$276$141$70$4
50 years$907$498$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $929,000, adding $4,521 every year, while hoping to spend $25,773 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: 56/14/30 Blend
49$929,000$929,000$929,000$929,000
50$1,028,421$979,184$964,785$1,077,249
51$1,105,898$999,742$969,683$1,131,974
52$1,190,414$1,020,443$973,881$1,188,536
53$1,282,659$1,041,268$977,329$1,249,656
54$1,383,394$1,062,194$979,974$1,315,783
55$1,493,456$1,083,197$981,758$1,387,412
56$1,613,766$1,104,252$982,625$1,465,091
57$1,745,340$1,125,330$982,512$1,549,423
58$1,889,293$1,146,399$981,355$1,641,072
59$2,046,856$1,167,429$979,086$1,740,772
60$2,219,384$1,188,381$975,634$1,849,331
61$2,408,368$1,209,218$970,924$1,967,641
62$2,615,450$1,229,899$964,879$2,096,686
63$2,842,440$1,250,377$957,416$2,237,549
64$3,091,329$1,270,606$948,450$2,391,427
65$3,364,312$1,290,533$937,891$2,559,639
66$3,663,806$1,310,104$925,644$2,743,638
67$3,992,473$1,329,257$911,612$2,945,029
68$4,353,245$1,347,931$895,691$3,165,580
69$4,749,352$1,366,056$877,773$3,407,240
70$5,184,353$1,383,559$857,745$3,672,161
71$5,662,166$1,400,363$835,489$3,962,712
72$6,187,111$1,416,385$810,881$4,281,508
73$6,763,943$1,431,534$783,792$4,631,431
74$7,397,903$1,445,717$754,087$5,015,659
75$8,094,764$1,458,832$721,624$5,437,697
76$8,860,886$1,470,771$686,255$5,901,409
77$9,703,277$1,481,420$647,825$6,411,053
78$10,629,658$1,490,656$606,174$6,971,326
79$11,648,533$1,498,348$561,131$7,587,407
80$12,769,276$1,504,360$512,521$8,265,003
81$14,002,211$1,508,542$460,159$9,010,408
82$15,358,715$1,510,739$403,853$9,830,561
83$16,851,323$1,510,784$343,401$10,733,110
84$18,493,846$1,508,502$278,594$11,726,488
85$20,301,504$1,503,703$209,212$12,819,991
86$22,291,063$1,496,190$135,026$14,023,867
87$24,480,999$1,485,751$55,797$15,349,412
88$26,891,671$1,472,163$0$16,809,079
89$29,545,509$1,455,187$0$18,425,801
90$32,467,233$1,434,573$0$20,225,165
91$35,684,076$1,410,053$0$22,206,060
92$39,226,051$1,381,345$0$24,386,962
93$43,126,227$1,348,149$0$26,788,237
94$47,421,043$1,310,149$0$29,432,323
95$52,150,653$1,267,010$0$32,343,950
96$57,359,301$1,218,375$0$35,550,371
97$63,095,744$1,163,869$0$39,081,617
98$69,413,707$1,103,096$0$42,970,783
99$76,372,391$1,035,633$0$47,254,343
100$84,037,033$961,038$0$51,972,488