Can I retire at age 50 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$75,973$75,296$74,636$73,991$73,362$72,626
2 years$37,610$36,910$36,231$35,573$34,934$34,193
3 years$24,824$24,121$23,444$22,792$22,164$21,440
4 years$18,433$17,731$17,061$16,420$15,807$15,107
5 years$14,599$13,902$13,240$12,612$12,017$11,342
6 years$12,044$11,352$10,700$10,086$9,508$8,859
7 years$10,219$9,533$8,892$8,292$7,733$7,110
8 years$8,852$8,172$7,541$6,956$6,415$5,819
9 years$7,788$7,115$6,495$5,925$5,402$4,833
10 years$6,938$6,271$5,662$5,108$4,603$4,059
11 years$6,243$5,583$4,985$4,445$3,959$3,440
12 years$5,664$5,011$4,424$3,899$3,431$2,937
13 years$5,175$4,529$3,953$3,442$2,992$2,522
14 years$4,756$4,116$3,552$3,056$2,622$2,177
15 years$4,393$3,760$3,207$2,725$2,309$1,886
16 years$4,076$3,450$2,907$2,440$2,041$1,640
17 years$3,796$3,177$2,645$2,192$1,809$1,431
18 years$3,548$2,936$2,415$1,976$1,609$1,251
19 years$3,326$2,721$2,211$1,785$1,434$1,096
20 years$3,127$2,529$2,029$1,617$1,281$962
21 years$2,947$2,355$1,866$1,467$1,146$846
22 years$2,783$2,199$1,720$1,334$1,027$745
23 years$2,634$2,056$1,588$1,215$922$657
24 years$2,497$1,927$1,469$1,108$829$580
25 years$2,372$1,808$1,360$1,012$746$512
26 years$2,256$1,699$1,262$925$672$453
27 years$2,150$1,599$1,172$847$606$401
28 years$2,050$1,507$1,089$776$547$355
29 years$1,958$1,422$1,014$712$494$314
30 years$1,873$1,343$944$653$446$278
31 years$1,793$1,269$880$600$403$247
32 years$1,718$1,201$821$551$365$219
33 years$1,648$1,137$767$507$330$194
34 years$1,582$1,078$716$466$299$172
35 years$1,520$1,022$670$429$271$153
36 years$1,461$970$627$395$245$136
37 years$1,406$922$586$364$222$121
38 years$1,354$876$549$336$202$107
39 years$1,305$833$515$310$183$95
40 years$1,258$792$482$286$166$85
41 years$1,213$754$452$264$150$75
42 years$1,171$718$424$243$136$67
43 years$1,131$684$398$224$124$59
44 years$1,093$652$374$207$112$53
45 years$1,057$622$351$191$102$47
46 years$1,022$593$330$177$93$42
47 years$989$566$310$163$84$37
48 years$957$541$291$151$76$33
49 years$927$516$273$140$69$29
50 years$898$493$257$129$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $920,000, adding $2,633 every year, while hoping to spend $53,680 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: 36/46/18 Blend
49$920,000$920,000$920,000$920,000
50$1,016,556$967,796$953,536$1,047,497
51$1,063,130$958,103$928,364$1,060,520
52$1,112,655$946,136$900,550$1,069,336
53$1,165,375$931,726$869,949$1,077,727
54$1,221,559$914,697$836,408$1,085,684
55$1,281,499$894,858$799,768$1,093,204
56$1,345,517$872,010$759,865$1,100,286
57$1,413,963$845,942$716,524$1,106,935
58$1,487,224$816,430$669,564$1,113,164
59$1,565,722$783,236$618,796$1,118,989
60$1,649,920$746,110$564,020$1,124,439
61$1,740,329$704,786$505,032$1,129,547
62$1,837,506$658,984$441,614$1,134,360
63$1,942,065$608,407$373,541$1,138,937
64$2,054,678$552,742$300,578$1,143,349
65$2,176,086$491,657$222,477$1,147,685
66$2,307,099$424,800$138,983$1,152,048
67$2,448,611$351,804$49,827$1,156,567
68$2,601,602$272,275$0$1,161,387
69$2,767,150$185,801$0$1,175,389
70$2,946,440$91,946$0$1,200,848
71$3,140,774$0$0$1,228,480
72$3,351,585$0$0$1,263,553
73$3,580,448$0$0$1,352,265
74$3,829,095$0$0$1,448,761
75$4,099,433$0$0$1,553,795
76$4,393,558$0$0$1,668,195
77$4,713,778$0$0$1,792,876
78$5,062,630$0$0$1,928,842
79$5,442,908$0$0$2,077,198
80$5,857,687$0$0$2,239,163
81$6,310,352$0$0$2,416,076
82$6,804,626$0$0$2,609,412
83$7,344,611$0$0$2,820,796
84$7,934,820$0$0$3,052,016
85$8,580,224$0$0$3,305,040
86$9,286,295$0$0$3,582,037
87$10,059,058$0$0$3,885,394
88$10,905,149$0$0$4,217,740
89$11,831,872$0$0$4,581,971
90$12,847,275$0$0$4,981,274
91$13,960,218$0$0$5,419,163
92$15,180,461$0$0$5,899,505
93$16,518,752$0$0$6,426,561
94$17,986,931$0$0$7,005,024
95$19,598,036$0$0$7,640,063
96$21,366,432$0$0$8,337,372
97$23,307,940$0$0$9,103,225
98$25,439,990$0$0$9,944,531
99$27,781,779$0$0$10,868,904
100$30,354,459$0$0$11,884,727