Can I retire at age 50 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$76,881$76,196$75,528$74,876$74,239$73,495
2 years$38,060$37,351$36,664$35,998$35,352$34,602
3 years$25,121$24,409$23,724$23,064$22,429$21,697
4 years$18,653$17,943$17,265$16,617$15,996$15,288
5 years$14,773$14,068$13,398$12,763$12,160$11,477
6 years$12,188$11,487$10,828$10,207$9,622$8,965
7 years$10,341$9,647$8,998$8,392$7,825$7,195
8 years$8,957$8,269$7,631$7,039$6,492$5,889
9 years$7,882$7,200$6,573$5,996$5,467$4,890
10 years$7,021$6,346$5,730$5,169$4,658$4,108
11 years$6,318$5,650$5,045$4,498$4,006$3,481
12 years$5,732$5,071$4,477$3,946$3,472$2,972
13 years$5,237$4,583$4,000$3,483$3,027$2,552
14 years$4,813$4,166$3,594$3,092$2,654$2,203
15 years$4,446$3,805$3,245$2,758$2,337$1,909
16 years$4,125$3,491$2,942$2,469$2,065$1,660
17 years$3,842$3,215$2,677$2,219$1,831$1,448
18 years$3,591$2,971$2,444$1,999$1,628$1,266
19 years$3,366$2,754$2,237$1,807$1,451$1,109
20 years$3,164$2,559$2,053$1,636$1,296$974
21 years$2,982$2,383$1,889$1,485$1,160$856
22 years$2,816$2,225$1,741$1,350$1,040$754
23 years$2,665$2,081$1,607$1,230$933$665
24 years$2,527$1,950$1,486$1,121$839$587
25 years$2,400$1,830$1,377$1,024$755$518
26 years$2,283$1,720$1,277$936$680$458
27 years$2,175$1,618$1,186$857$613$405
28 years$2,075$1,525$1,102$785$553$359
29 years$1,982$1,439$1,026$720$499$318
30 years$1,895$1,359$955$661$451$282
31 years$1,814$1,284$891$607$408$250
32 years$1,738$1,215$831$558$369$222
33 years$1,667$1,151$776$513$334$197
34 years$1,601$1,091$725$472$302$175
35 years$1,538$1,035$678$435$274$155
36 years$1,479$982$634$400$248$138
37 years$1,423$933$593$369$225$122
38 years$1,370$886$556$340$204$109
39 years$1,320$843$521$313$185$96
40 years$1,273$802$488$289$168$86
41 years$1,228$763$458$267$152$76
42 years$1,185$727$429$246$138$68
43 years$1,145$693$403$227$125$60
44 years$1,106$660$378$210$114$54
45 years$1,069$630$355$194$103$48
46 years$1,034$601$333$179$94$42
47 years$1,001$573$313$165$85$38
48 years$969$547$294$153$77$33
49 years$938$522$277$141$70$30
50 years$909$499$260$130$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $931,000, adding $4,767 every year, while hoping to spend $52,954 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: 37/34/29 Blend
49$931,000$931,000$931,000$931,000
50$1,030,879$981,536$967,106$1,059,946
51$1,079,686$973,289$943,161$1,073,656
52$1,131,697$962,862$916,640$1,083,309
53$1,187,182$950,095$887,399$1,092,733
54$1,246,438$934,813$855,290$1,101,941
55$1,309,790$916,834$820,158$1,110,955
56$1,377,595$895,966$781,840$1,119,803
57$1,450,244$872,002$740,165$1,128,520
58$1,528,165$844,726$694,957$1,137,151
59$1,611,828$813,909$646,029$1,145,750
60$1,701,751$779,307$593,188$1,154,382
61$1,798,500$740,663$536,230$1,163,127
62$1,902,697$697,705$474,943$1,172,078
63$2,015,026$650,147$409,108$1,181,345
64$2,136,238$597,683$338,491$1,191,056
65$2,267,157$539,992$262,854$1,201,362
66$2,408,689$476,734$181,942$1,212,434
67$2,561,832$407,551$95,494$1,224,473
68$2,727,681$332,062$3,234$1,237,708
69$2,907,439$249,868$0$1,252,400
70$3,102,431$160,545$0$1,298,316
71$3,314,112$63,645$0$1,349,313
72$3,544,085$0$0$1,404,874
73$3,794,111$0$0$1,480,991
74$4,066,129$0$0$1,589,824
75$4,362,270$0$0$1,708,428
76$4,684,882$0$0$1,837,757
77$5,036,546$0$0$1,978,862
78$5,420,105$0$0$2,132,900
79$5,838,687$0$0$2,301,144
80$6,295,734$0$0$2,484,996
81$6,795,038$0$0$2,685,998
82$7,340,770$0$0$2,905,849
83$7,937,526$0$0$3,146,421
84$8,590,362$0$0$3,409,773
85$9,304,849$0$0$3,698,173
86$10,087,119$0$0$4,014,118
87$10,943,925$0$0$4,360,360
88$11,882,705$0$0$4,739,928
89$12,911,650$0$0$5,156,158
90$14,039,779$0$0$5,612,726
91$15,277,029$0$0$6,113,679
92$16,634,341$0$0$6,663,475
93$18,123,770$0$0$7,267,026
94$19,758,592$0$0$7,929,741
95$21,553,430$0$0$8,657,580
96$23,524,395$0$0$9,457,106
97$25,689,232$0$0$10,335,553
98$28,067,492$0$0$11,300,887
99$30,680,709$0$0$12,361,885
100$33,552,611$0$0$13,528,216