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%
1 years$76,716$76,033$75,366$74,715$74,080$72,853
2 years$37,978$37,271$36,585$35,921$35,276$34,043
3 years$25,067$24,357$23,673$23,015$22,381$21,181
4 years$18,613$17,905$17,228$16,581$15,962$14,804
5 years$14,742$14,038$13,370$12,736$12,134$11,021
6 years$12,161$11,463$10,805$10,185$9,601$8,535
7 years$10,319$9,626$8,979$8,374$7,808$6,789
8 years$8,938$8,252$7,615$7,024$6,478$5,505
9 years$7,865$7,185$6,559$5,983$5,455$4,529
10 years$7,006$6,333$5,718$5,158$4,648$3,767
11 years$6,304$5,638$5,034$4,489$3,998$3,161
12 years$5,720$5,060$4,467$3,937$3,464$2,671
13 years$5,226$4,573$3,991$3,476$3,021$2,270
14 years$4,803$4,157$3,586$3,086$2,648$1,939
15 years$4,436$3,797$3,238$2,752$2,332$1,662
16 years$4,116$3,484$2,936$2,464$2,061$1,429
17 years$3,833$3,208$2,671$2,214$1,827$1,232
18 years$3,583$2,965$2,439$1,995$1,625$1,065
19 years$3,359$2,748$2,232$1,803$1,448$923
20 years$3,157$2,553$2,049$1,633$1,293$800
21 years$2,975$2,378$1,884$1,482$1,157$695
22 years$2,810$2,220$1,737$1,347$1,037$605
23 years$2,660$2,076$1,604$1,227$931$527
24 years$2,522$1,945$1,483$1,119$837$459
25 years$2,395$1,826$1,374$1,022$753$401
26 years$2,278$1,716$1,274$934$678$350
27 years$2,171$1,615$1,183$855$612$305
28 years$2,071$1,522$1,100$784$552$267
29 years$1,978$1,435$1,023$719$498$233
30 years$1,891$1,356$953$660$450$204
31 years$1,810$1,282$889$606$407$179
32 years$1,735$1,213$829$557$368$156
33 years$1,664$1,148$774$512$333$137
34 years$1,597$1,088$723$471$302$120
35 years$1,534$1,032$676$434$273$105
36 years$1,475$980$633$399$248$92
37 years$1,420$931$592$368$224$81
38 years$1,367$884$555$339$203$71
39 years$1,317$841$520$313$185$62
40 years$1,270$800$487$288$167$54
41 years$1,225$762$457$266$152$48
42 years$1,183$725$428$246$138$42
43 years$1,142$691$402$227$125$37
44 years$1,104$659$377$209$114$32
45 years$1,067$628$354$193$103$28
46 years$1,032$599$333$179$94$25
47 years$999$572$313$165$85$22
48 years$967$546$294$152$77$19
49 years$936$521$276$141$70$17
50 years$907$498$260$130$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $929,000, adding $4,664 every year, while hoping to spend $58,080 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: 40/42/18 Blend
49$929,000$929,000$929,000$929,000
50$1,028,569$979,332$964,932$1,064,049
51$1,071,686$965,523$935,461$1,075,979
52$1,117,255$949,090$903,056$1,082,928
53$1,165,464$929,844$867,557$1,089,231
54$1,216,519$907,584$828,798$1,094,858
55$1,270,645$882,097$786,604$1,099,782
56$1,328,088$853,157$740,792$1,103,979
57$1,389,118$820,526$691,173$1,107,427
58$1,454,028$783,952$637,547$1,110,108
59$1,523,139$743,167$579,706$1,112,006
60$1,596,806$697,888$517,433$1,113,113
61$1,675,413$647,818$450,500$1,113,425
62$1,759,384$592,640$378,670$1,112,945
63$1,849,182$532,019$301,696$1,111,685
64$1,945,315$465,605$219,320$1,109,665
65$2,048,340$393,022$131,270$1,106,917
66$2,158,869$313,879$37,265$1,103,484
67$2,277,572$227,757$0$1,099,423
68$2,405,185$134,218$0$1,106,920
69$2,542,517$32,798$0$1,122,381
70$2,690,455$0$0$1,138,817
71$2,849,974$0$0$1,192,012
72$3,022,144$0$0$1,265,880
73$3,208,141$0$0$1,345,780
74$3,409,259$0$0$1,432,279
75$3,626,919$0$0$1,526,002
76$3,862,682$0$0$1,627,635
77$4,118,266$0$0$1,737,933
78$4,395,560$0$0$1,857,726
79$4,696,641$0$0$1,987,928
80$5,023,793$0$0$2,129,543
81$5,379,530$0$0$2,283,676
82$5,766,616$0$0$2,451,543
83$6,188,094$0$0$2,634,483
84$6,647,310$0$0$2,833,969
85$7,147,950$0$0$3,051,622
86$7,694,067$0$0$3,289,226
87$8,290,125$0$0$3,548,745
88$8,941,036$0$0$3,832,342
89$9,652,206$0$0$4,142,397
90$10,429,591$0$0$4,481,531
91$11,279,743$0$0$4,852,629
92$12,209,881$0$0$5,258,870
93$13,227,951$0$0$5,703,753
94$14,342,702$0$0$6,191,131
95$15,563,772$0$0$6,725,248
96$16,901,771$0$0$7,310,777
97$18,368,386$0$0$7,952,866
98$19,976,489$0$0$8,657,184
99$21,740,257$0$0$9,429,977
100$23,675,302$0$0$10,278,122