Can I retire at age 50 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$76,964$76,278$75,609$74,956$74,319$71,483
2 years$38,101$37,391$36,704$36,037$35,390$32,566
3 years$25,148$24,436$23,750$23,089$22,453$19,730
4 years$18,673$17,963$17,284$16,634$16,014$13,413
5 years$14,789$14,083$13,413$12,777$12,173$9,701
6 years$12,201$11,500$10,840$10,218$9,632$7,290
7 years$10,353$9,658$9,008$8,401$7,834$5,621
8 years$8,967$8,278$7,639$7,047$6,499$4,413
9 years$7,890$7,208$6,580$6,002$5,473$3,512
10 years$7,029$6,353$5,736$5,174$4,663$2,823
11 years$6,325$5,656$5,050$4,503$4,010$2,286
12 years$5,738$5,076$4,482$3,950$3,475$1,863
13 years$5,243$4,588$4,004$3,487$3,031$1,526
14 years$4,818$4,170$3,598$3,095$2,657$1,255
15 years$4,450$3,809$3,248$2,761$2,339$1,035
16 years$4,129$3,495$2,945$2,472$2,067$856
17 years$3,846$3,219$2,680$2,221$1,833$709
18 years$3,594$2,974$2,446$2,001$1,630$588
19 years$3,370$2,757$2,240$1,809$1,453$489
20 years$3,168$2,562$2,055$1,638$1,298$407
21 years$2,985$2,386$1,891$1,487$1,161$339
22 years$2,819$2,227$1,742$1,352$1,041$282
23 years$2,668$2,083$1,609$1,231$934$236
24 years$2,530$1,952$1,488$1,123$840$197
25 years$2,403$1,832$1,378$1,025$756$164
26 years$2,286$1,721$1,278$937$681$137
27 years$2,178$1,620$1,187$858$614$115
28 years$2,077$1,527$1,103$786$554$96
29 years$1,984$1,440$1,027$721$500$80
30 years$1,897$1,360$956$662$452$67
31 years$1,816$1,286$892$608$408$56
32 years$1,740$1,217$832$558$369$47
33 years$1,669$1,152$777$514$334$39
34 years$1,602$1,092$726$473$303$33
35 years$1,539$1,036$679$435$274$27
36 years$1,480$983$635$401$248$23
37 years$1,424$934$594$369$225$19
38 years$1,372$887$556$340$204$16
39 years$1,322$844$521$314$185$13
40 years$1,274$803$489$289$168$11
41 years$1,229$764$458$267$152$9
42 years$1,187$728$430$246$138$8
43 years$1,146$693$403$227$125$7
44 years$1,107$661$379$210$114$5
45 years$1,071$630$355$194$103$5
46 years$1,035$601$334$179$94$4
47 years$1,002$574$314$166$85$3
48 years$970$548$295$153$77$3
49 years$939$523$277$141$70$2
50 years$910$500$260$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $932,000, adding $5,535 every year, while hoping to spend $31,057 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: 30/48/22 Blend
49$932,000$932,000$932,000$932,000
50$1,032,773$983,377$968,931$1,056,540
51$1,105,072$998,518$968,346$1,090,316
52$1,183,704$1,013,361$966,700$1,123,474
53$1,269,283$1,027,856$963,926$1,158,501
54$1,362,483$1,041,955$959,951$1,195,576
55$1,464,047$1,055,602$954,700$1,234,901
56$1,574,793$1,068,739$948,096$1,276,699
57$1,695,619$1,081,304$940,054$1,321,217
58$1,827,516$1,093,232$930,489$1,368,730
59$1,971,572$1,104,450$919,311$1,419,542
60$2,128,989$1,114,884$906,424$1,473,990
61$2,301,086$1,124,454$891,729$1,532,447
62$2,489,317$1,133,073$875,123$1,595,328
63$2,695,284$1,140,650$856,496$1,663,090
64$2,920,750$1,147,088$835,735$1,736,243
65$3,167,655$1,152,284$812,721$1,815,350
66$3,438,137$1,156,127$787,329$1,901,032
67$3,734,551$1,158,502$759,428$1,993,980
68$4,059,490$1,159,283$728,884$2,094,959
69$4,415,809$1,158,339$695,552$2,204,812
70$4,806,654$1,155,530$659,285$2,324,477
71$5,235,488$1,150,706$619,927$2,454,987
72$5,706,128$1,143,711$577,315$2,597,488
73$6,222,776$1,134,376$531,278$2,753,248
74$6,790,064$1,122,525$481,640$2,923,666
75$7,413,090$1,107,969$428,215$3,110,293
76$8,097,475$1,090,508$370,809$3,314,841
77$8,849,406$1,069,932$309,220$3,539,204
78$9,675,702$1,046,016$243,236$3,785,476
79$10,583,877$1,018,523$172,637$4,055,971
80$11,582,204$987,203$97,193$4,353,246
81$12,679,802$951,789$16,662$4,680,128
82$13,886,716$912,000$0$5,039,738
83$15,214,013$867,540$0$5,451,788
84$16,673,885$818,093$0$5,909,059
85$18,279,769$763,326$0$6,411,907
86$20,046,464$702,888$0$6,965,049
87$21,990,280$636,407$0$7,573,689
88$24,129,187$563,489$0$8,243,568
89$26,482,982$483,718$0$8,981,023
90$29,073,483$396,657$0$9,793,044
91$31,924,725$301,840$0$10,687,344
92$35,063,195$198,778$0$11,672,432
93$38,518,077$86,954$0$12,757,694
94$42,321,527$0$0$13,953,487
95$46,508,979$0$0$15,289,286
96$51,119,478$0$0$16,810,790
97$56,196,044$0$0$18,486,289
98$61,786,085$0$0$20,331,455
99$67,941,839$0$0$22,363,554
100$74,720,867$0$0$24,601,613