Can I retire at age 50 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$76,138$75,460$74,798$74,152$73,522$70,716
2 years$37,692$36,990$36,310$35,650$35,010$32,217
3 years$24,878$24,173$23,495$22,841$22,212$19,519
4 years$18,473$17,770$17,098$16,456$15,842$13,269
5 years$14,631$13,932$13,269$12,640$12,043$9,597
6 years$12,070$11,376$10,723$10,108$9,529$7,212
7 years$10,241$9,554$8,911$8,310$7,750$5,560
8 years$8,871$8,189$7,557$6,971$6,429$4,366
9 years$7,805$7,130$6,509$5,938$5,414$3,474
10 years$6,953$6,285$5,675$5,119$4,613$2,792
11 years$6,257$5,595$4,996$4,455$3,967$2,262
12 years$5,677$5,022$4,434$3,907$3,438$1,843
13 years$5,186$4,538$3,961$3,450$2,998$1,510
14 years$4,766$4,125$3,559$3,062$2,628$1,241
15 years$4,403$3,769$3,214$2,731$2,314$1,024
16 years$4,085$3,458$2,914$2,445$2,045$846
17 years$3,805$3,184$2,651$2,197$1,813$701
18 years$3,556$2,942$2,420$1,980$1,612$582
19 years$3,333$2,727$2,216$1,789$1,437$484
20 years$3,134$2,534$2,033$1,620$1,284$402
21 years$2,953$2,360$1,870$1,471$1,149$335
22 years$2,789$2,203$1,724$1,337$1,030$279
23 years$2,640$2,061$1,592$1,218$924$233
24 years$2,503$1,931$1,472$1,111$831$194
25 years$2,377$1,812$1,363$1,014$748$162
26 years$2,261$1,703$1,264$927$673$136
27 years$2,154$1,603$1,174$849$607$113
28 years$2,055$1,510$1,091$778$548$95
29 years$1,963$1,425$1,016$713$495$79
30 years$1,877$1,345$946$655$447$66
31 years$1,797$1,272$882$601$404$55
32 years$1,722$1,203$823$552$366$46
33 years$1,651$1,140$768$508$331$39
34 years$1,585$1,080$718$467$300$32
35 years$1,523$1,025$671$430$271$27
36 years$1,464$972$628$396$246$23
37 years$1,409$924$588$365$223$19
38 years$1,357$878$550$337$202$16
39 years$1,307$835$516$310$183$13
40 years$1,261$794$483$286$166$11
41 years$1,216$756$453$264$151$9
42 years$1,174$720$425$244$137$8
43 years$1,134$686$399$225$124$7
44 years$1,095$654$374$208$113$5
45 years$1,059$623$352$192$102$5
46 years$1,024$595$330$177$93$4
47 years$991$568$310$164$84$3
48 years$959$542$292$151$77$3
49 years$929$517$274$140$70$2
50 years$900$494$258$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $922,000, adding $6,873 every year, while hoping to spend $35,258 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: 67/11/22 Blend
49$922,000$922,000$922,000$922,000
50$1,023,133$974,267$959,976$1,085,536
51$1,089,979$984,492$954,621$1,138,470
52$1,162,461$994,037$947,905$1,191,657
53$1,241,117$1,002,829$939,745$1,248,990
54$1,326,539$1,010,796$930,055$1,310,878
55$1,419,377$1,017,856$918,742$1,377,772
56$1,520,346$1,023,924$905,713$1,450,168
57$1,630,235$1,028,909$890,868$1,528,615
58$1,749,908$1,032,716$874,102$1,613,717
59$1,880,321$1,035,240$855,306$1,706,142
60$2,022,520$1,036,374$834,366$1,806,627
61$2,177,662$1,036,002$811,162$1,915,982
62$2,347,018$1,033,999$785,569$2,035,104
63$2,531,985$1,030,237$757,457$2,164,982
64$2,734,104$1,024,575$726,689$2,306,705
65$2,955,071$1,016,868$693,122$2,461,475
66$3,196,753$1,006,959$656,605$2,630,620
67$3,461,204$994,682$616,984$2,815,603
68$3,750,688$979,863$574,095$3,018,036
69$4,067,698$962,316$527,767$3,239,701
70$4,414,978$941,844$477,821$3,482,560
71$4,795,549$918,238$424,072$3,748,780
72$5,212,742$891,279$366,325$4,040,748
73$5,670,222$860,732$304,378$4,361,097
74$6,172,027$826,350$238,017$4,712,734
75$6,722,605$787,872$167,021$5,098,861
76$7,326,854$745,021$91,159$5,523,010
77$7,990,170$697,504$10,191$5,989,079
78$8,718,498$645,013$0$6,501,362
79$9,518,386$587,219$0$7,082,488
80$10,397,046$523,777$0$7,723,505
81$11,362,424$454,322$0$8,427,843
82$12,423,275$378,467$0$9,201,920
83$13,589,242$295,805$0$10,052,810
84$14,870,949$205,904$0$10,988,306
85$16,280,102$108,309$0$12,016,997
86$17,829,597$2,541$0$13,148,351
87$19,533,641$0$0$14,392,796
88$21,407,889$0$0$15,775,376
89$23,469,587$0$0$17,296,637
90$25,737,738$0$0$18,970,299
91$28,233,280$0$0$20,811,820
92$30,979,281$0$0$22,838,234
93$34,001,159$0$0$25,068,305
94$37,326,923$0$0$27,522,711
95$40,987,429$0$0$30,224,237
96$45,016,682$0$0$33,197,985
97$49,452,148$0$0$36,471,618
98$54,335,110$0$0$40,075,617
99$59,711,057$0$0$44,043,565
100$65,630,115$0$0$48,412,472