Can I retire at age 50 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$76,055$75,378$74,717$74,072$73,442$72,018
2 years$37,651$36,950$36,270$35,611$34,972$33,544
3 years$24,851$24,147$23,469$22,817$22,188$20,799
4 years$18,453$17,751$17,080$16,438$15,825$14,486
5 years$14,615$13,917$13,255$12,626$12,030$10,745
6 years$12,057$11,364$10,712$10,097$9,519$8,290
7 years$10,230$9,544$8,901$8,301$7,741$6,568
8 years$8,861$8,181$7,549$6,964$6,422$5,305
9 years$7,797$7,123$6,502$5,932$5,408$4,346
10 years$6,946$6,278$5,669$5,113$4,608$3,599
11 years$6,250$5,589$4,991$4,450$3,963$3,007
12 years$5,671$5,017$4,429$3,903$3,434$2,530
13 years$5,181$4,534$3,957$3,446$2,995$2,140
14 years$4,761$4,121$3,555$3,059$2,625$1,819
15 years$4,398$3,764$3,210$2,728$2,311$1,551
16 years$4,080$3,454$2,910$2,443$2,043$1,328
17 years$3,800$3,181$2,648$2,195$1,811$1,139
18 years$3,552$2,939$2,418$1,978$1,611$980
19 years$3,330$2,724$2,213$1,787$1,436$844
20 years$3,130$2,531$2,031$1,619$1,282$728
21 years$2,950$2,358$1,868$1,469$1,147$630
22 years$2,786$2,201$1,722$1,336$1,029$545
23 years$2,637$2,058$1,590$1,216$923$472
24 years$2,500$1,929$1,470$1,109$830$409
25 years$2,374$1,810$1,362$1,013$747$355
26 years$2,259$1,701$1,263$926$673$308
27 years$2,152$1,601$1,173$848$606$268
28 years$2,053$1,509$1,090$777$547$232
29 years$1,961$1,423$1,015$712$494$202
30 years$1,875$1,344$945$654$446$176
31 years$1,795$1,271$881$601$404$153
32 years$1,720$1,202$822$552$365$133
33 years$1,649$1,138$768$508$330$116
34 years$1,583$1,079$717$467$299$101
35 years$1,521$1,023$670$430$271$88
36 years$1,463$971$627$396$246$76
37 years$1,408$923$587$365$223$67
38 years$1,355$877$550$336$202$58
39 years$1,306$834$515$310$183$51
40 years$1,259$793$483$286$166$44
41 years$1,215$755$453$264$151$38
42 years$1,173$719$425$243$137$33
43 years$1,132$685$398$225$124$29
44 years$1,094$653$374$208$113$25
45 years$1,058$623$351$192$102$22
46 years$1,023$594$330$177$93$19
47 years$990$567$310$164$84$17
48 years$958$541$291$151$76$15
49 years$928$517$274$140$69$13
50 years$899$494$257$129$63$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $921,000, adding $5,991 every year, while hoping to spend $28,567 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: 31/45/24 Blend
49$921,000$921,000$921,000$921,000
50$1,021,122$972,309$958,033$1,045,063
51$1,094,881$989,557$959,732$1,081,081
52$1,175,206$1,006,693$960,531$1,116,868
53$1,262,737$1,023,680$960,368$1,154,810
54$1,358,178$1,040,482$959,182$1,195,114
55$1,462,302$1,057,056$956,905$1,238,009
56$1,575,964$1,073,358$953,468$1,283,748
57$1,700,100$1,089,341$948,797$1,332,611
58$1,835,746$1,104,954$942,817$1,384,908
59$1,984,037$1,120,142$935,447$1,440,982
60$2,146,228$1,134,848$926,603$1,501,213
61$2,323,696$1,149,008$916,197$1,566,021
62$2,517,960$1,162,557$904,137$1,635,871
63$2,730,692$1,175,422$890,326$1,711,275
64$2,963,734$1,187,529$874,663$1,792,803
65$3,219,113$1,198,797$857,043$1,881,082
66$3,499,063$1,209,138$837,354$1,976,808
67$3,806,043$1,218,462$815,481$2,080,748
68$4,142,763$1,226,670$791,303$2,193,753
69$4,512,206$1,233,658$764,693$2,316,760
70$4,917,659$1,239,315$735,518$2,450,808
71$5,362,742$1,243,523$703,640$2,597,043
72$5,851,443$1,246,157$668,913$2,756,733
73$6,388,156$1,247,084$631,187$2,931,278
74$6,977,718$1,246,162$590,303$3,122,225
75$7,625,463$1,243,241$546,095$3,331,284
76$8,337,261$1,238,161$498,390$3,560,343
77$9,119,585$1,230,754$447,009$3,811,487
78$9,979,560$1,220,839$391,762$4,087,020
79$10,925,042$1,208,226$332,452$4,389,487
80$11,964,680$1,192,713$268,874$4,721,697
81$13,108,009$1,174,087$200,812$5,086,751
82$14,365,529$1,152,121$128,043$5,488,076
83$15,748,812$1,126,574$50,331$5,929,453
84$17,270,607$1,097,192$0$6,415,056
85$18,944,960$1,063,706$0$6,957,843
86$20,787,350$1,025,831$0$7,568,849
87$22,814,828$983,265$0$8,240,855
88$25,046,185$935,690$0$8,980,128
89$27,502,123$882,766$0$9,793,581
90$30,205,457$824,139$0$10,688,839
91$33,181,321$759,429$0$11,674,309
92$36,457,412$688,238$0$12,759,265
93$40,064,250$610,144$0$13,953,933
94$44,035,464$524,701$0$15,269,589
95$48,408,108$431,438$0$16,718,670
96$53,223,014$329,857$0$18,314,889
97$58,525,175$219,434$0$20,073,367
98$64,364,169$99,612$0$22,010,779
99$70,794,627$0$0$24,145,511
100$77,876,749$0$0$26,512,786