Can I retire at age 50 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$75,477$74,805$74,149$73,509$72,884$72,455
2 years$37,365$36,669$35,995$35,341$34,706$34,274
3 years$24,663$23,964$23,291$22,643$22,019$21,596
4 years$18,313$17,616$16,950$16,313$15,704$15,294
5 years$14,504$13,811$13,154$12,530$11,938$11,542
6 years$11,965$11,278$10,630$10,020$9,446$9,065
7 years$10,153$9,471$8,834$8,238$7,682$7,315
8 years$8,794$8,118$7,492$6,911$6,373$6,021
9 years$7,738$7,069$6,453$5,887$5,367$5,030
10 years$6,893$6,231$5,626$5,074$4,573$4,250
11 years$6,203$5,547$4,953$4,416$3,933$3,624
12 years$5,628$4,978$4,395$3,874$3,408$3,114
13 years$5,141$4,499$3,927$3,420$2,972$2,691
14 years$4,725$4,090$3,528$3,036$2,605$2,338
15 years$4,365$3,736$3,186$2,707$2,294$2,040
16 years$4,049$3,428$2,888$2,424$2,027$1,786
17 years$3,772$3,157$2,628$2,178$1,798$1,568
18 years$3,525$2,917$2,399$1,963$1,598$1,381
19 years$3,305$2,703$2,196$1,774$1,425$1,219
20 years$3,106$2,512$2,016$1,606$1,273$1,078
21 years$2,927$2,340$1,854$1,458$1,139$955
22 years$2,765$2,184$1,709$1,326$1,021$847
23 years$2,617$2,043$1,578$1,207$916$752
24 years$2,481$1,914$1,459$1,101$824$669
25 years$2,356$1,796$1,351$1,006$741$596
26 years$2,242$1,688$1,253$919$668$531
27 years$2,135$1,589$1,164$842$602$473
28 years$2,037$1,497$1,082$771$543$423
29 years$1,946$1,412$1,007$707$490$377
30 years$1,861$1,334$938$649$443$337
31 years$1,781$1,261$874$596$401$301
32 years$1,707$1,193$816$548$362$270
33 years$1,637$1,130$762$504$328$241
34 years$1,571$1,071$712$463$297$216
35 years$1,510$1,016$665$427$269$193
36 years$1,452$964$622$393$244$173
37 years$1,397$916$583$362$221$155
38 years$1,345$870$546$334$200$139
39 years$1,296$827$511$308$182$124
40 years$1,250$787$479$284$165$112
41 years$1,206$749$449$262$149$100
42 years$1,164$714$421$242$136$90
43 years$1,124$680$395$223$123$80
44 years$1,086$648$371$206$112$72
45 years$1,050$618$349$190$101$65
46 years$1,015$590$327$176$92$58
47 years$983$563$308$162$84$52
48 years$951$537$289$150$76$47
49 years$921$513$272$139$69$42
50 years$892$490$255$128$63$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $914,000, adding $4,379 every year, while hoping to spend $28,633 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: 74/14/12 Blend
49$914,000$914,000$914,000$914,000
50$1,011,745$963,303$949,136$1,083,850
51$1,084,478$980,039$950,467$1,148,806
52$1,163,669$996,636$950,882$1,215,957
53$1,249,949$1,013,057$950,322$1,288,744
54$1,344,008$1,029,261$948,722$1,367,717
55$1,446,607$1,045,205$946,015$1,453,482
56$1,558,586$1,060,845$942,131$1,546,707
57$1,680,865$1,076,130$936,996$1,648,128
58$1,814,462$1,091,008$930,534$1,758,556
59$1,960,492$1,105,423$922,662$1,878,885
60$2,120,188$1,119,315$913,297$2,010,099
61$2,294,904$1,132,618$902,349$2,153,282
62$2,486,133$1,145,265$889,726$2,309,630
63$2,695,517$1,157,182$875,331$2,480,460
64$2,924,866$1,168,290$859,061$2,667,223
65$3,176,172$1,178,506$840,809$2,871,519
66$3,451,631$1,187,741$820,465$3,095,111
67$3,753,657$1,195,901$797,911$3,339,941
68$4,084,915$1,202,884$773,025$3,608,150
69$4,448,334$1,208,584$745,680$3,902,098
70$4,847,146$1,212,886$715,741$4,224,384
71$5,284,906$1,215,669$683,070$4,577,875
72$5,765,533$1,216,803$647,520$4,965,728
73$6,293,344$1,216,153$608,938$5,391,426
74$6,873,092$1,213,572$567,165$5,858,804
75$7,510,017$1,208,906$522,034$6,372,090
76$8,209,888$1,201,992$473,371$6,935,944
77$8,979,062$1,192,655$420,995$7,555,503
78$9,824,542$1,180,711$364,714$8,236,427
79$10,754,044$1,165,964$304,331$8,984,954
80$11,776,068$1,148,208$239,637$9,807,961
81$12,899,980$1,127,223$170,418$10,713,026
82$14,136,098$1,102,777$96,447$11,708,501
83$15,495,789$1,074,623$17,487$12,803,592
84$16,991,581$1,042,500$0$14,008,444
85$18,637,272$1,006,132$0$15,342,790
86$20,448,069$965,228$0$16,813,348
87$22,440,726$919,479$0$18,431,494
88$24,633,703$868,556$0$20,212,234
89$27,047,341$812,115$0$22,172,104
90$29,704,051$749,790$0$24,329,328
91$32,628,529$681,194$0$26,703,986
92$35,847,985$605,919$0$29,318,208
93$39,392,403$523,533$0$32,196,382
94$43,294,822$433,580$0$35,365,383
95$47,591,646$335,577$0$38,854,827
96$52,322,989$229,016$0$42,697,352
97$57,533,055$113,359$0$46,928,925
98$63,270,551$0$0$51,589,183
99$69,589,149$0$0$56,723,649
100$76,547,991$0$0$62,397,661