Can I retire at age 50 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$75,230$74,559$73,906$73,268$72,644$70,235
2 years$37,242$36,549$35,877$35,225$34,593$32,188
3 years$24,582$23,885$23,214$22,569$21,947$19,623
4 years$18,252$17,558$16,894$16,260$15,653$13,428
5 years$14,456$13,766$13,111$12,489$11,899$9,779
6 years$11,926$11,241$10,595$9,987$9,415$7,401
7 years$10,119$9,440$8,805$8,211$7,657$5,749
8 years$8,765$8,092$7,467$6,888$6,352$4,549
9 years$7,712$7,045$6,431$5,867$5,350$3,648
10 years$6,870$6,210$5,607$5,058$4,558$2,957
11 years$6,182$5,529$4,936$4,402$3,920$2,415
12 years$5,609$4,962$4,381$3,861$3,397$1,986
13 years$5,125$4,484$3,914$3,409$2,962$1,641
14 years$4,710$4,076$3,517$3,026$2,597$1,361
15 years$4,350$3,724$3,175$2,698$2,286$1,133
16 years$4,036$3,416$2,879$2,416$2,021$946
17 years$3,759$3,146$2,620$2,171$1,792$791
18 years$3,513$2,907$2,391$1,956$1,593$663
19 years$3,294$2,694$2,189$1,768$1,420$556
20 years$3,096$2,504$2,009$1,601$1,268$468
21 years$2,918$2,332$1,848$1,453$1,135$393
22 years$2,756$2,177$1,703$1,321$1,017$331
23 years$2,608$2,036$1,573$1,203$913$279
24 years$2,473$1,908$1,454$1,097$821$235
25 years$2,349$1,790$1,347$1,002$739$199
26 years$2,234$1,683$1,249$916$665$168
27 years$2,128$1,584$1,160$839$600$141
28 years$2,030$1,492$1,078$768$541$120
29 years$1,939$1,408$1,004$705$489$101
30 years$1,854$1,329$935$647$442$85
31 years$1,775$1,257$872$594$399$72
32 years$1,701$1,189$813$546$361$61
33 years$1,631$1,126$759$502$327$52
34 years$1,566$1,067$709$462$296$44
35 years$1,505$1,012$663$425$268$37
36 years$1,447$961$620$392$243$31
37 years$1,392$913$581$361$220$26
38 years$1,341$867$544$333$200$22
39 years$1,292$825$509$307$181$19
40 years$1,245$785$478$283$164$16
41 years$1,202$747$448$261$149$13
42 years$1,160$711$420$241$135$11
43 years$1,120$678$394$222$123$10
44 years$1,082$646$370$205$111$8
45 years$1,046$616$347$190$101$7
46 years$1,012$588$326$175$92$6
47 years$979$561$307$162$83$5
48 years$948$535$288$149$76$4
49 years$918$511$271$138$69$4
50 years$889$488$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $911,000, adding $6,530 every year, while hoping to spend $54,507 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: 55/17/28 Blend
49$911,000$911,000$911,000$911,000
50$1,010,658$962,375$948,254$1,058,089
51$1,055,750$951,536$922,026$1,080,674
52$1,103,614$938,339$893,092$1,099,093
53$1,154,477$922,612$861,304$1,118,056
54$1,208,583$904,170$826,508$1,137,636
55$1,266,204$882,819$788,541$1,157,913
56$1,327,634$858,354$747,234$1,178,982
57$1,393,196$830,557$702,410$1,200,949
58$1,463,245$799,198$653,883$1,223,933
59$1,538,169$764,032$601,462$1,248,071
60$1,618,395$724,801$544,943$1,273,517
61$1,704,388$681,233$484,116$1,300,444
62$1,796,661$633,040$418,759$1,329,048
63$1,895,777$579,915$348,644$1,359,548
64$2,002,352$521,537$273,529$1,392,191
65$2,117,064$457,564$193,164$1,427,256
66$2,240,656$387,636$107,287$1,465,052
67$2,373,946$311,373$15,624$1,505,928
68$2,517,830$228,372$0$1,550,274
69$2,673,296$138,209$0$1,623,083
70$2,841,426$40,436$0$1,706,862
71$3,023,413$0$0$1,797,577
72$3,220,565$0$0$1,908,169
73$3,434,323$0$0$2,036,347
74$3,666,270$0$0$2,175,506
75$3,918,147$0$0$2,326,701
76$4,191,870$0$0$2,491,090
77$4,489,547$0$0$2,669,949
78$4,813,494$0$0$2,864,682
79$5,166,264$0$0$3,076,833
80$5,550,662$0$0$3,308,102
81$5,969,779$0$0$3,560,360
82$6,427,013$0$0$3,835,665
83$6,926,108$0$0$4,136,284
84$7,471,181$0$0$4,464,712
85$8,066,768$0$0$4,823,695
86$8,717,862$0$0$5,216,256
87$9,429,957$0$0$5,645,727
88$10,209,107$0$0$6,115,772
89$11,061,975$0$0$6,630,428
90$11,995,899$0$0$7,194,141
91$13,018,959$0$0$7,811,806
92$14,140,056$0$0$8,488,814
93$15,368,988$0$0$9,231,104
94$16,716,552$0$0$10,045,215
95$18,194,634$0$0$10,938,350
96$19,816,330$0$0$11,918,444
97$21,596,064$0$0$12,994,235
98$23,549,722$0$0$14,175,350
99$25,694,805$0$0$15,472,393
100$28,050,591$0$0$16,897,047