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%18%
1 years$76,964$76,278$75,609$74,956$74,319$71,911
2 years$38,101$37,391$36,704$36,037$35,390$32,987
3 years$25,148$24,436$23,750$23,089$22,453$20,130
4 years$18,673$17,963$17,284$16,634$16,014$13,788
5 years$14,789$14,083$13,413$12,777$12,173$10,052
6 years$12,201$11,500$10,840$10,218$9,632$7,616
7 years$10,353$9,658$9,008$8,401$7,834$5,923
8 years$8,967$8,278$7,639$7,047$6,499$4,692
9 years$7,890$7,208$6,580$6,002$5,473$3,768
10 years$7,029$6,353$5,736$5,174$4,663$3,057
11 years$6,325$5,656$5,050$4,503$4,010$2,501
12 years$5,738$5,076$4,482$3,950$3,475$2,059
13 years$5,243$4,588$4,004$3,487$3,031$1,703
14 years$4,818$4,170$3,598$3,095$2,657$1,415
15 years$4,450$3,809$3,248$2,761$2,339$1,180
16 years$4,129$3,495$2,945$2,472$2,067$986
17 years$3,846$3,219$2,680$2,221$1,833$826
18 years$3,594$2,974$2,446$2,001$1,630$693
19 years$3,370$2,757$2,240$1,809$1,453$583
20 years$3,168$2,562$2,055$1,638$1,298$490
21 years$2,985$2,386$1,891$1,487$1,161$413
22 years$2,819$2,227$1,742$1,352$1,041$349
23 years$2,668$2,083$1,609$1,231$934$294
24 years$2,530$1,952$1,488$1,123$840$248
25 years$2,403$1,832$1,378$1,025$756$210
26 years$2,286$1,721$1,278$937$681$177
27 years$2,178$1,620$1,187$858$614$150
28 years$2,077$1,527$1,103$786$554$127
29 years$1,984$1,440$1,027$721$500$107
30 years$1,897$1,360$956$662$452$91
31 years$1,816$1,286$892$608$408$77
32 years$1,740$1,217$832$558$369$65
33 years$1,669$1,152$777$514$334$55
34 years$1,602$1,092$726$473$303$47
35 years$1,539$1,036$679$435$274$40
36 years$1,480$983$635$401$248$34
37 years$1,424$934$594$369$225$28
38 years$1,372$887$556$340$204$24
39 years$1,322$844$521$314$185$20
40 years$1,274$803$489$289$168$17
41 years$1,229$764$458$267$152$15
42 years$1,187$728$430$246$138$12
43 years$1,146$693$403$227$125$11
44 years$1,107$661$379$210$114$9
45 years$1,071$630$355$194$103$8
46 years$1,035$601$334$179$94$6
47 years$1,002$574$314$166$85$5
48 years$970$548$295$153$77$5
49 years$939$523$277$141$70$4
50 years$910$500$260$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $932,000, adding $3,550 every year, while hoping to spend $32,986 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: 64/14/22 Blend
49$932,000$932,000$932,000$932,000
50$1,030,726$981,330$966,884$1,090,618
51$1,100,763$994,318$964,178$1,144,387
52$1,176,838$1,006,837$960,275$1,199,081
53$1,259,533$1,018,830$955,102$1,258,079
54$1,349,486$1,030,233$948,578$1,321,807
55$1,447,402$1,040,982$940,623$1,390,731
56$1,554,053$1,051,006$931,150$1,465,367
57$1,670,291$1,060,231$920,069$1,546,286
58$1,797,054$1,068,575$907,284$1,634,114
59$1,935,373$1,075,955$892,698$1,729,544
60$2,086,384$1,082,280$876,206$1,833,341
61$2,251,337$1,087,453$857,701$1,946,347
62$2,431,607$1,091,372$837,068$2,069,492
63$2,628,710$1,093,928$814,188$2,203,801
64$2,844,313$1,095,005$788,938$2,350,407
65$3,080,253$1,094,481$761,188$2,510,555
66$3,338,552$1,092,224$730,801$2,685,624
67$3,621,438$1,088,096$697,636$2,877,130
68$3,931,362$1,081,950$661,544$3,086,749
69$4,271,025$1,073,629$622,370$3,316,327
70$4,643,401$1,062,969$579,951$3,567,900
71$5,051,767$1,049,794$534,119$3,843,715
72$5,499,731$1,033,917$484,695$4,146,249
73$5,991,267$1,015,142$431,496$4,478,234
74$6,530,751$993,260$374,326$4,842,684
75$7,123,008$968,049$312,986$5,242,920
76$7,773,347$939,276$247,263$5,682,607
77$8,487,620$906,692$176,938$6,165,786
78$9,272,273$870,035$101,781$6,696,911
79$10,134,406$829,029$21,552$7,280,895
80$11,081,842$783,378$0$7,923,157
81$12,123,199$732,773$0$8,644,707
82$13,267,971$676,884$0$9,443,469
83$14,526,619$615,366$0$10,321,706
84$15,910,666$547,851$0$11,287,491
85$17,432,809$473,951$0$12,349,720
86$19,107,038$393,257$0$13,518,200
87$20,948,764$305,335$0$14,803,736
88$22,974,970$209,728$0$16,218,239
89$25,204,366$105,954$0$17,774,832
90$27,657,567$0$0$19,487,980
91$30,357,290$0$0$21,374,625
92$33,328,562$0$0$23,469,077
93$36,598,960$0$0$25,774,462
94$40,198,872$0$0$28,312,209
95$44,161,780$0$0$31,105,933
96$48,524,577$0$0$34,181,651
97$53,327,916$0$0$37,568,034
98$58,616,591$0$0$41,296,674
99$64,439,961$0$0$45,402,381
100$70,852,417$0$0$49,923,513