Can I retire at age 50 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$76,716$76,033$75,366$74,715$74,080$72,554
2 years$37,978$37,271$36,585$35,921$35,276$33,746
3 years$25,067$24,357$23,673$23,015$22,381$20,894
4 years$18,613$17,905$17,228$16,581$15,962$14,530
5 years$14,742$14,038$13,370$12,736$12,134$10,761
6 years$12,161$11,463$10,805$10,185$9,601$8,288
7 years$10,319$9,626$8,979$8,374$7,808$6,556
8 years$8,938$8,252$7,615$7,024$6,478$5,286
9 years$7,865$7,185$6,559$5,983$5,455$4,322
10 years$7,006$6,333$5,718$5,158$4,648$3,573
11 years$6,304$5,638$5,034$4,489$3,998$2,980
12 years$5,720$5,060$4,467$3,937$3,464$2,502
13 years$5,226$4,573$3,991$3,476$3,021$2,112
14 years$4,803$4,157$3,586$3,086$2,648$1,791
15 years$4,436$3,797$3,238$2,752$2,332$1,525
16 years$4,116$3,484$2,936$2,464$2,061$1,302
17 years$3,833$3,208$2,671$2,214$1,827$1,115
18 years$3,583$2,965$2,439$1,995$1,625$957
19 years$3,359$2,748$2,232$1,803$1,448$823
20 years$3,157$2,553$2,049$1,633$1,293$708
21 years$2,975$2,378$1,884$1,482$1,157$611
22 years$2,810$2,220$1,737$1,347$1,037$527
23 years$2,660$2,076$1,604$1,227$931$456
24 years$2,522$1,945$1,483$1,119$837$394
25 years$2,395$1,826$1,374$1,022$753$341
26 years$2,278$1,716$1,274$934$678$295
27 years$2,171$1,615$1,183$855$612$256
28 years$2,071$1,522$1,100$784$552$222
29 years$1,978$1,435$1,023$719$498$192
30 years$1,891$1,356$953$660$450$167
31 years$1,810$1,282$889$606$407$145
32 years$1,735$1,213$829$557$368$126
33 years$1,664$1,148$774$512$333$109
34 years$1,597$1,088$723$471$302$95
35 years$1,534$1,032$676$434$273$82
36 years$1,475$980$633$399$248$72
37 years$1,420$931$592$368$224$62
38 years$1,367$884$555$339$203$54
39 years$1,317$841$520$313$185$47
40 years$1,270$800$487$288$167$41
41 years$1,225$762$457$266$152$35
42 years$1,183$725$428$246$138$31
43 years$1,142$691$402$227$125$27
44 years$1,104$659$377$209$114$23
45 years$1,067$628$354$193$103$20
46 years$1,032$599$333$179$94$18
47 years$999$572$313$165$85$15
48 years$967$546$294$152$77$13
49 years$936$521$276$141$70$12
50 years$907$498$260$130$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $929,000, adding $3,851 every year, while hoping to spend $25,786 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: 51/26/23 Blend
49$929,000$929,000$929,000$929,000
50$1,027,730$978,493$964,094$1,073,361
51$1,105,123$999,003$968,955$1,125,883
52$1,189,545$1,019,654$973,114$1,180,013
53$1,281,687$1,040,425$976,522$1,238,339
54$1,382,307$1,061,295$979,124$1,301,267
55$1,492,243$1,082,239$980,865$1,369,247
56$1,612,413$1,103,230$981,686$1,442,777
57$1,743,832$1,124,241$981,525$1,522,402
58$1,887,615$1,145,240$980,317$1,608,726
59$2,044,989$1,166,195$977,996$1,702,415
60$2,217,308$1,187,068$974,489$1,804,202
61$2,406,061$1,207,822$969,722$1,914,895
62$2,612,889$1,228,415$963,617$2,035,387
63$2,839,597$1,248,801$956,091$2,166,660
64$3,088,175$1,268,932$947,060$2,309,801
65$3,360,815$1,288,756$936,433$2,466,005
66$3,659,931$1,308,217$924,116$2,636,590
67$3,988,180$1,327,255$910,009$2,823,012
68$4,348,490$1,345,807$894,011$3,026,873
69$4,744,089$1,363,804$876,013$3,249,944
70$5,178,527$1,381,172$855,901$3,494,173
71$5,655,721$1,397,834$833,558$3,761,711
72$6,179,982$1,413,705$808,859$4,054,930
73$6,756,059$1,428,695$781,675$4,376,444
74$7,389,187$1,442,711$751,870$4,729,136
75$8,085,129$1,455,649$719,304$5,116,185
76$8,850,239$1,467,403$683,827$5,541,097
77$9,691,513$1,477,855$645,285$6,007,735
78$10,616,662$1,486,885$603,516$6,520,361
79$11,634,179$1,494,360$558,352$7,083,674
80$12,753,423$1,500,141$509,615$7,702,853
81$13,984,706$1,504,082$457,120$8,383,609
82$15,339,388$1,506,024$400,676$9,132,239
83$16,829,988$1,505,801$340,081$9,955,685
84$18,470,297$1,503,236$275,124$10,861,600
85$20,275,513$1,498,140$205,586$11,858,422
86$22,262,379$1,490,313$131,237$12,955,453
87$24,449,348$1,479,544$51,839$14,162,948
88$26,856,747$1,465,608$0$15,492,212
89$29,506,979$1,448,266$0$16,963,780
90$32,424,726$1,427,266$0$18,597,421
91$35,637,186$1,402,340$0$20,395,611
92$39,174,329$1,373,205$0$22,375,115
93$43,069,178$1,339,559$0$24,554,413
94$47,358,123$1,301,086$0$26,953,867
95$52,081,260$1,257,448$0$29,595,921
96$57,282,775$1,208,289$0$32,505,309
97$63,011,354$1,153,232$0$35,709,293
98$69,320,650$1,091,878$0$39,237,915
99$76,269,780$1,023,804$0$43,124,285
100$83,923,893$948,566$0$47,404,896