Can I retire at age 50 with 930,000?

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 $930,000?

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$76,799$76,114$75,447$74,796$74,160$72,931
2 years$38,019$37,311$36,625$35,959$35,314$34,080
3 years$25,094$24,383$23,699$23,040$22,405$21,203
4 years$18,633$17,924$17,247$16,599$15,979$14,820
5 years$14,757$14,053$13,384$12,749$12,147$11,033
6 years$12,175$11,475$10,816$10,196$9,612$8,544
7 years$10,330$9,637$8,988$8,383$7,817$6,797
8 years$8,948$8,261$7,623$7,032$6,485$5,511
9 years$7,873$7,192$6,566$5,990$5,461$4,534
10 years$7,014$6,340$5,724$5,163$4,653$3,772
11 years$6,311$5,644$5,039$4,493$4,002$3,165
12 years$5,726$5,066$4,472$3,941$3,468$2,674
13 years$5,231$4,578$3,996$3,480$3,024$2,273
14 years$4,808$4,161$3,590$3,089$2,651$1,941
15 years$4,441$3,801$3,241$2,755$2,334$1,663
16 years$4,120$3,488$2,939$2,467$2,063$1,431
17 years$3,838$3,212$2,674$2,216$1,829$1,234
18 years$3,587$2,968$2,441$1,997$1,626$1,066
19 years$3,362$2,751$2,235$1,805$1,450$924
20 years$3,161$2,556$2,051$1,634$1,295$801
21 years$2,979$2,381$1,887$1,483$1,159$696
22 years$2,813$2,222$1,739$1,349$1,039$606
23 years$2,662$2,079$1,605$1,228$932$527
24 years$2,524$1,948$1,485$1,120$838$460
25 years$2,398$1,828$1,375$1,023$754$401
26 years$2,281$1,718$1,275$935$679$350
27 years$2,173$1,617$1,184$856$612$306
28 years$2,073$1,523$1,101$785$553$267
29 years$1,980$1,437$1,025$719$499$234
30 years$1,893$1,357$954$660$451$204
31 years$1,812$1,283$890$606$408$179
32 years$1,736$1,214$830$557$369$157
33 years$1,665$1,150$775$512$334$137
34 years$1,599$1,090$724$472$302$120
35 years$1,536$1,033$677$434$274$105
36 years$1,477$981$633$400$248$92
37 years$1,421$932$593$368$225$81
38 years$1,369$885$555$339$204$71
39 years$1,319$842$520$313$185$62
40 years$1,271$801$488$289$168$54
41 years$1,227$762$457$266$152$48
42 years$1,184$726$429$246$138$42
43 years$1,144$692$402$227$125$37
44 years$1,105$659$378$210$114$32
45 years$1,068$629$355$194$103$28
46 years$1,033$600$333$179$94$25
47 years$1,000$573$313$165$85$22
48 years$968$547$294$153$77$19
49 years$937$522$276$141$70$17
50 years$908$499$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 $930,000, adding $3,072 every year, while hoping to spend $30,694 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: 47/28/25 Blend
49$930,000$930,000$930,000$930,000
50$1,028,029$978,739$964,324$1,068,868
51$1,100,230$994,039$963,970$1,113,175
52$1,178,766$1,009,060$962,577$1,157,976
53$1,264,252$1,023,756$960,075$1,205,997
54$1,357,363$1,038,077$956,395$1,257,555
55$1,458,843$1,051,971$951,462$1,313,001
56$1,569,508$1,065,382$945,200$1,372,722
57$1,690,261$1,078,248$937,527$1,437,145
58$1,822,090$1,090,505$928,357$1,506,743
59$1,966,089$1,102,085$917,602$1,582,037
60$2,123,457$1,112,914$905,169$1,663,605
61$2,295,516$1,122,913$890,959$1,752,082
62$2,483,723$1,132,000$874,870$1,848,172
63$2,689,679$1,140,085$856,795$1,952,651
64$2,915,151$1,147,074$836,622$2,066,377
65$3,162,081$1,152,865$814,233$2,190,296
66$3,432,610$1,157,352$789,507$2,325,455
67$3,729,095$1,160,421$762,314$2,473,006
68$4,054,132$1,161,951$732,521$2,634,225
69$4,410,579$1,161,812$699,986$2,810,519
70$4,801,587$1,159,869$664,564$3,003,440
71$5,230,622$1,155,977$626,100$3,214,704
72$5,701,506$1,149,981$584,436$3,446,201
73$6,218,448$1,141,717$539,402$3,700,021
74$6,786,082$1,131,014$490,824$3,978,469
75$7,409,515$1,117,687$438,520$4,284,088
76$8,094,373$1,101,541$382,298$4,619,687
77$8,846,853$1,082,370$321,959$4,988,362
78$9,673,782$1,059,956$257,294$5,393,531
79$10,582,680$1,034,067$188,086$5,838,967
80$11,581,835$1,004,457$114,109$6,328,830
81$12,680,375$970,868$35,124$6,867,711
82$13,888,358$933,025$0$7,460,676
83$15,216,864$890,637$0$8,126,426
84$16,678,102$843,396$0$8,868,862
85$18,285,524$790,978$0$9,685,475
86$20,053,950$733,039$0$10,583,839
87$21,999,709$669,214$0$11,572,305
88$24,140,794$599,120$0$12,660,079
89$26,497,029$522,351$0$13,857,308
90$29,090,257$438,477$0$15,175,180
91$31,944,546$347,045$0$16,626,025
92$35,086,415$247,576$0$18,223,439
93$38,545,086$139,564$0$19,982,407
94$42,352,757$22,474$0$21,919,448
95$46,544,907$0$0$24,052,771
96$51,160,629$0$0$26,434,572
97$56,243,001$0$0$29,064,934
98$61,839,491$0$0$31,961,515
99$68,002,404$0$0$35,151,403
100$74,789,375$0$0$38,664,450