Can I retire at age 50 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$75,642$74,969$74,311$73,670$73,043$72,100
2 years$37,447$36,749$36,073$35,418$34,782$33,834
3 years$24,717$24,016$23,342$22,693$22,067$21,143
4 years$18,353$17,654$16,987$16,349$15,739$14,845
5 years$14,535$13,841$13,183$12,557$11,964$11,104
6 years$11,991$11,302$10,653$10,042$9,467$8,641
7 years$10,175$9,492$8,853$8,256$7,699$6,908
8 years$8,813$8,136$7,508$6,926$6,387$5,631
9 years$7,755$7,084$6,467$5,899$5,379$4,657
10 years$6,908$6,244$5,638$5,085$4,583$3,895
11 years$6,216$5,559$4,963$4,426$3,942$3,287
12 years$5,640$4,989$4,405$3,882$3,416$2,794
13 years$5,153$4,509$3,936$3,427$2,979$2,388
14 years$4,735$4,098$3,536$3,042$2,611$2,052
15 years$4,374$3,744$3,193$2,713$2,299$1,769
16 years$4,058$3,435$2,895$2,429$2,032$1,531
17 years$3,780$3,164$2,634$2,183$1,802$1,329
18 years$3,533$2,923$2,404$1,967$1,602$1,156
19 years$3,312$2,709$2,201$1,777$1,428$1,008
20 years$3,113$2,518$2,020$1,610$1,275$880
21 years$2,934$2,345$1,858$1,461$1,141$770
22 years$2,771$2,189$1,713$1,328$1,023$675
23 years$2,622$2,047$1,581$1,210$918$591
24 years$2,486$1,918$1,462$1,103$825$519
25 years$2,362$1,800$1,354$1,008$743$456
26 years$2,247$1,692$1,256$921$669$401
27 years$2,140$1,592$1,166$843$603$353
28 years$2,042$1,500$1,084$773$544$311
29 years$1,950$1,415$1,009$709$491$274
30 years$1,865$1,337$940$650$444$241
31 years$1,785$1,264$876$597$401$213
32 years$1,710$1,196$818$549$363$187
33 years$1,640$1,132$763$505$329$165
34 years$1,575$1,073$713$464$298$146
35 years$1,513$1,018$667$428$270$129
36 years$1,455$966$624$394$244$114
37 years$1,400$918$584$363$221$100
38 years$1,348$872$547$334$201$89
39 years$1,299$829$512$308$182$78
40 years$1,252$789$480$284$165$69
41 years$1,208$751$450$262$150$61
42 years$1,166$715$422$242$136$54
43 years$1,126$681$396$224$123$48
44 years$1,088$650$372$206$112$42
45 years$1,052$619$349$191$102$37
46 years$1,018$591$328$176$92$33
47 years$985$564$308$163$84$29
48 years$953$538$290$150$76$26
49 years$923$514$272$139$69$23
50 years$894$491$256$128$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $916,000, adding $5,099 every year, while hoping to spend $46,121 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: 35/36/29 Blend
49$916,000$916,000$916,000$916,000
50$1,014,692$966,144$951,946$1,041,202
51$1,069,118$964,412$934,763$1,059,816
52$1,127,550$961,050$915,460$1,075,396
53$1,190,347$955,929$893,915$1,091,326
54$1,257,905$948,912$870,004$1,107,670
55$1,330,658$939,855$843,595$1,124,503
56$1,409,081$928,604$814,552$1,141,907
57$1,493,698$914,997$782,730$1,159,982
58$1,585,085$898,861$747,981$1,178,839
59$1,683,872$880,014$710,147$1,198,605
60$1,790,754$858,262$669,065$1,219,427
61$1,906,495$833,401$624,562$1,241,471
62$2,031,934$805,214$576,461$1,264,924
63$2,167,994$773,471$524,575$1,290,001
64$2,315,688$737,931$468,707$1,316,942
65$2,476,134$698,335$408,655$1,346,021
66$2,650,559$654,413$344,204$1,377,544
67$2,840,315$605,878$275,133$1,411,857
68$3,046,886$552,425$201,210$1,449,350
69$3,271,909$493,734$122,190$1,490,459
70$3,517,182$429,466$37,823$1,535,675
71$3,784,687$359,262$0$1,585,547
72$4,076,603$282,744$0$1,656,846
73$4,395,330$199,511$0$1,747,646
74$4,743,508$109,142$0$1,847,087
75$5,124,047$11,191$0$1,956,124
76$5,540,146$0$0$2,075,812
77$5,995,331$0$0$2,244,881
78$6,493,482$0$0$2,434,892
79$7,038,874$0$0$2,643,055
80$7,636,212$0$0$2,871,186
81$8,290,679$0$0$3,121,279
82$9,007,982$0$0$3,395,535
83$9,794,407$0$0$3,696,376
84$10,656,877$0$0$4,026,469
85$11,603,017$0$0$4,388,753
86$12,641,226$0$0$4,786,464
87$13,780,756$0$0$5,223,169
88$15,031,797$0$0$5,702,796
89$16,405,575$0$0$6,229,670
90$17,914,454$0$0$6,808,559
91$19,572,058$0$0$7,444,714
92$21,393,393$0$0$8,143,920
93$23,394,991$0$0$8,912,549
94$25,595,065$0$0$9,757,625
95$28,013,681$0$0$10,686,882
96$30,672,945$0$0$11,708,843
97$33,597,214$0$0$12,832,899
98$36,813,319$0$0$14,069,397
99$40,350,827$0$0$15,429,734
100$44,242,312$0$0$16,926,472