Can I retire at age 50 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$75,395$74,723$74,068$73,428$72,804$70,502
2 years$37,324$36,629$35,955$35,302$34,669$32,370
3 years$24,636$23,937$23,265$22,618$21,995$19,772
4 years$18,293$17,597$16,931$16,295$15,687$13,557
5 years$14,488$13,796$13,139$12,516$11,925$9,894
6 years$11,952$11,265$10,619$10,009$9,436$7,505
7 years$10,141$9,461$8,824$8,229$7,674$5,843
8 years$8,784$8,110$7,484$6,903$6,366$4,634
9 years$7,729$7,061$6,446$5,880$5,361$3,726
10 years$6,886$6,224$5,619$5,069$4,568$3,027
11 years$6,196$5,541$4,947$4,411$3,929$2,479
12 years$5,621$4,973$4,391$3,869$3,405$2,044
13 years$5,136$4,494$3,923$3,416$2,969$1,693
14 years$4,720$4,085$3,525$3,032$2,602$1,409
15 years$4,360$3,732$3,182$2,704$2,291$1,176
16 years$4,045$3,424$2,885$2,421$2,025$984
17 years$3,767$3,153$2,625$2,176$1,796$826
18 years$3,521$2,914$2,397$1,961$1,597$694
19 years$3,301$2,700$2,194$1,772$1,423$584
20 years$3,103$2,509$2,014$1,605$1,271$493
21 years$2,924$2,337$1,852$1,456$1,138$416
22 years$2,762$2,182$1,707$1,324$1,020$351
23 years$2,614$2,041$1,576$1,206$915$297
24 years$2,478$1,912$1,458$1,100$823$251
25 years$2,354$1,794$1,350$1,004$740$212
26 years$2,239$1,686$1,252$918$667$180
27 years$2,133$1,587$1,163$841$601$152
28 years$2,035$1,495$1,081$770$542$129
29 years$1,944$1,411$1,006$706$490$109
30 years$1,858$1,332$937$648$443$93
31 years$1,779$1,259$873$595$400$79
32 years$1,705$1,192$815$547$362$67
33 years$1,635$1,129$761$503$328$57
34 years$1,570$1,070$711$463$297$48
35 years$1,508$1,015$665$426$269$41
36 years$1,450$963$622$392$243$35
37 years$1,395$915$582$362$221$29
38 years$1,344$869$545$333$200$25
39 years$1,295$826$511$307$181$21
40 years$1,248$786$479$283$164$18
41 years$1,204$749$449$262$149$15
42 years$1,162$713$421$241$135$13
43 years$1,123$679$395$223$123$11
44 years$1,085$647$371$206$112$9
45 years$1,049$617$348$190$101$8
46 years$1,014$589$327$175$92$7
47 years$981$562$307$162$83$6
48 years$950$537$289$150$76$5
49 years$920$512$271$138$69$4
50 years$891$489$255$128$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $913,000, adding $4,120 every year, while hoping to spend $55,360 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: 75/10/15 Blend
49$913,000$913,000$913,000$913,000
50$1,010,376$961,987$947,835$1,082,559
51$1,054,531$950,222$920,685$1,119,068
52$1,101,336$936,024$890,770$1,151,786
53$1,151,000$919,218$857,939$1,186,146
54$1,203,756$899,613$822,034$1,222,296
55$1,259,857$877,012$782,889$1,260,400
56$1,319,579$851,202$740,333$1,300,638
57$1,383,226$821,962$694,185$1,343,208
58$1,451,131$789,053$644,256$1,388,332
59$1,523,657$752,227$590,348$1,436,254
60$1,601,202$711,219$532,257$1,487,243
61$1,684,204$665,748$469,767$1,541,599
62$1,773,142$615,519$402,654$1,599,651
63$1,868,542$560,219$330,682$1,661,767
64$1,970,981$499,517$253,608$1,728,349
65$2,081,091$433,064$171,174$1,799,845
66$2,199,569$360,490$83,115$1,876,750
67$2,327,177$281,406$0$1,959,611
68$2,464,754$195,400$0$2,050,770
69$2,613,219$102,035$0$2,163,468
70$2,773,586$853$0$2,285,174
71$2,946,965$0$0$2,416,758
72$3,134,579$0$0$2,571,128
73$3,337,771$0$0$2,738,449
74$3,558,017$0$0$2,919,845
75$3,796,942$0$0$3,116,660
76$4,056,332$0$0$3,330,368
77$4,338,150$0$0$3,562,592
78$4,644,559$0$0$3,815,117
79$4,977,934$0$0$4,089,909
80$5,340,892$0$0$4,389,126
81$5,736,311$0$0$4,715,149
82$6,167,358$0$0$5,070,593
83$6,637,519$0$0$5,458,339
84$7,150,631$0$0$5,881,557
85$7,710,917$0$0$6,343,737
86$8,323,026$0$0$6,848,722
87$8,992,076$0$0$7,400,739
88$9,723,703$0$0$8,004,445
89$10,524,110$0$0$8,664,967
90$11,400,130$0$0$9,387,951
91$12,359,284$0$0$10,179,613
92$13,409,856$0$0$11,046,798
93$14,560,970$0$0$11,997,046
94$15,822,671$0$0$13,038,658
95$17,206,025$0$0$14,180,778
96$18,723,219$0$0$15,433,479
97$20,387,675$0$0$16,807,852
98$22,214,179$0$0$18,316,116
99$24,219,014$0$0$19,971,730
100$26,420,122$0$0$21,789,519