Can I retire at age 50 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$76,633$75,951$75,285$74,635$74,000$73,534
2 years$37,937$37,231$36,546$35,882$35,238$34,768
3 years$25,040$24,331$23,648$22,990$22,357$21,897
4 years$18,593$17,886$17,209$16,563$15,945$15,499
5 years$14,726$14,023$13,355$12,722$12,121$11,691
6 years$12,148$11,450$10,793$10,174$9,591$9,176
7 years$10,308$9,616$8,969$8,364$7,800$7,402
8 years$8,929$8,243$7,606$7,017$6,471$6,089
9 years$7,856$7,177$6,551$5,977$5,449$5,083
10 years$6,999$6,326$5,712$5,152$4,643$4,293
11 years$6,298$5,632$5,028$4,484$3,993$3,658
12 years$5,714$5,055$4,463$3,933$3,460$3,141
13 years$5,220$4,568$3,987$3,472$3,018$2,713
14 years$4,797$4,152$3,582$3,082$2,645$2,355
15 years$4,431$3,793$3,234$2,749$2,329$2,053
16 years$4,111$3,480$2,933$2,461$2,058$1,797
17 years$3,829$3,205$2,668$2,211$1,825$1,577
18 years$3,579$2,962$2,436$1,993$1,623$1,387
19 years$3,355$2,745$2,230$1,801$1,446$1,224
20 years$3,154$2,551$2,047$1,631$1,292$1,081
21 years$2,972$2,376$1,882$1,480$1,156$957
22 years$2,807$2,218$1,735$1,346$1,036$849
23 years$2,657$2,074$1,602$1,226$930$753
24 years$2,519$1,943$1,482$1,118$836$669
25 years$2,393$1,824$1,372$1,021$752$595
26 years$2,276$1,714$1,273$933$678$530
27 years$2,168$1,613$1,182$854$611$472
28 years$2,068$1,520$1,099$783$551$421
29 years$1,975$1,434$1,022$718$498$376
30 years$1,889$1,354$952$659$450$336
31 years$1,808$1,280$888$605$407$300
32 years$1,733$1,211$828$556$368$268
33 years$1,662$1,147$773$511$333$239
34 years$1,595$1,087$723$471$301$214
35 years$1,533$1,031$676$433$273$192
36 years$1,474$979$632$399$247$171
37 years$1,418$930$592$368$224$153
38 years$1,366$883$554$339$203$137
39 years$1,316$840$519$312$184$123
40 years$1,269$799$486$288$167$110
41 years$1,224$761$456$266$152$99
42 years$1,181$725$428$245$138$88
43 years$1,141$690$402$226$125$79
44 years$1,103$658$377$209$113$71
45 years$1,066$628$354$193$103$64
46 years$1,031$599$332$178$93$57
47 years$998$571$312$165$85$51
48 years$966$545$293$152$77$46
49 years$935$521$276$141$70$41
50 years$906$497$259$130$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $928,000, adding $2,668 every year, while hoping to spend $58,199 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: 54/34/12 Blend
49$928,000$928,000$928,000$928,000
50$1,025,408$976,224$961,840$1,077,459
51$1,068,076$962,136$932,138$1,099,041
52$1,113,146$945,407$899,491$1,115,994
53$1,160,801$925,846$863,738$1,133,094
54$1,211,242$903,251$824,712$1,150,369
55$1,264,686$877,408$782,238$1,167,850
56$1,321,374$848,091$736,133$1,185,577
57$1,381,566$815,059$686,205$1,203,595
58$1,445,548$778,059$632,255$1,221,961
59$1,513,633$736,823$574,075$1,240,737
60$1,586,163$691,066$511,445$1,260,001
61$1,663,512$640,489$444,139$1,279,839
62$1,746,090$584,773$371,918$1,300,353
63$1,834,348$523,584$294,534$1,321,660
64$1,928,779$456,567$211,728$1,343,896
65$2,029,922$383,346$123,229$1,367,215
66$2,138,370$303,526$28,753$1,391,793
67$2,254,775$216,690$0$1,417,833
68$2,379,848$122,394$0$1,454,790
69$2,514,375$20,173$0$1,498,226
70$2,659,214$0$0$1,544,792
71$2,815,310$0$0$1,628,711
72$2,983,702$0$0$1,727,449
73$3,165,528$0$0$1,834,135
74$3,362,041$0$0$1,949,513
75$3,574,617$0$0$2,074,401
76$3,804,771$0$0$2,209,699
77$4,054,165$0$0$2,356,393
78$4,324,628$0$0$2,515,571
79$4,618,172$0$0$2,688,428
80$4,937,009$0$0$2,876,280
81$5,283,573$0$0$3,080,571
82$5,660,540$0$0$3,302,894
83$6,070,856$0$0$3,545,000
84$6,517,762$0$0$3,808,814
85$7,004,825$0$0$4,096,457
86$7,535,968$0$0$4,410,263
87$8,115,513$0$0$4,752,800
88$8,748,214$0$0$5,126,895
89$9,439,306$0$0$5,535,661
90$10,194,550$0$0$5,982,526
91$11,020,291$0$0$6,471,260
92$11,923,513$0$0$7,006,019
93$12,911,907$0$0$7,591,375
94$13,993,942$0$0$8,232,367
95$15,178,942$0$0$8,934,539
96$16,477,177$0$0$9,704,001
97$17,899,956$0$0$10,547,480
98$19,459,736$0$0$11,472,384
99$21,170,233$0$0$12,486,874
100$23,046,558$0$0$13,599,938