Can I retire at age 50 with 931,000?

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 $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$76,881$76,196$75,528$74,876$74,239$71,805
2 years$38,060$37,351$36,664$35,998$35,352$32,923
3 years$25,121$24,409$23,724$23,064$22,429$20,081
4 years$18,653$17,943$17,265$16,617$15,996$13,748
5 years$14,773$14,068$13,398$12,763$12,160$10,017
6 years$12,188$11,487$10,828$10,207$9,622$7,586
7 years$10,341$9,647$8,998$8,392$7,825$5,896
8 years$8,957$8,269$7,631$7,039$6,492$4,668
9 years$7,882$7,200$6,573$5,996$5,467$3,746
10 years$7,021$6,346$5,730$5,169$4,658$3,038
11 years$6,318$5,650$5,045$4,498$4,006$2,483
12 years$5,732$5,071$4,477$3,946$3,472$2,043
13 years$5,237$4,583$4,000$3,483$3,027$1,689
14 years$4,813$4,166$3,594$3,092$2,654$1,402
15 years$4,446$3,805$3,245$2,758$2,337$1,168
16 years$4,125$3,491$2,942$2,469$2,065$976
17 years$3,842$3,215$2,677$2,219$1,831$817
18 years$3,591$2,971$2,444$1,999$1,628$685
19 years$3,366$2,754$2,237$1,807$1,451$575
20 years$3,164$2,559$2,053$1,636$1,296$484
21 years$2,982$2,383$1,889$1,485$1,160$407
22 years$2,816$2,225$1,741$1,350$1,040$343
23 years$2,665$2,081$1,607$1,230$933$290
24 years$2,527$1,950$1,486$1,121$839$244
25 years$2,400$1,830$1,377$1,024$755$206
26 years$2,283$1,720$1,277$936$680$174
27 years$2,175$1,618$1,186$857$613$147
28 years$2,075$1,525$1,102$785$553$124
29 years$1,982$1,439$1,026$720$499$105
30 years$1,895$1,359$955$661$451$89
31 years$1,814$1,284$891$607$408$75
32 years$1,738$1,215$831$558$369$64
33 years$1,667$1,151$776$513$334$54
34 years$1,601$1,091$725$472$302$46
35 years$1,538$1,035$678$435$274$39
36 years$1,479$982$634$400$248$33
37 years$1,423$933$593$369$225$28
38 years$1,370$886$556$340$204$23
39 years$1,320$843$521$313$185$20
40 years$1,273$802$488$289$168$17
41 years$1,228$763$458$267$152$14
42 years$1,185$727$429$246$138$12
43 years$1,145$693$403$227$125$10
44 years$1,106$660$378$210$114$9
45 years$1,069$630$355$194$103$7
46 years$1,034$601$333$179$94$6
47 years$1,001$573$313$165$85$5
48 years$969$547$294$153$77$4
49 years$938$522$277$141$70$4
50 years$909$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $931,000, adding $5,726 every year, while hoping to spend $39,509 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: 53/29/18 Blend
49$931,000$931,000$931,000$931,000
50$1,031,868$982,525$968,095$1,081,223
51$1,095,082$988,632$958,489$1,121,776
52$1,163,419$993,713$947,237$1,161,240
53$1,237,360$997,678$934,242$1,203,316
54$1,317,434$1,000,428$919,403$1,248,265
55$1,404,223$1,001,859$902,613$1,296,375
56$1,498,365$1,001,862$883,762$1,347,965
57$1,600,564$1,000,318$862,733$1,403,388
58$1,711,591$997,104$839,405$1,463,036
59$1,832,298$992,087$813,650$1,527,341
60$1,963,621$985,127$785,335$1,596,783
61$2,106,587$976,075$754,321$1,671,891
62$2,262,331$964,775$720,462$1,753,252
63$2,432,098$951,058$683,607$1,841,515
64$2,617,259$934,747$643,595$1,937,399
65$2,819,326$915,656$600,262$2,041,696
66$3,039,959$893,585$553,433$2,155,285
67$3,280,989$868,324$502,926$2,279,137
68$3,544,428$839,651$448,553$2,414,325
69$3,832,494$807,329$390,114$2,562,036
70$4,147,630$771,109$327,404$2,723,581
71$4,492,522$730,727$260,206$2,900,410
72$4,870,130$685,904$188,294$3,094,126
73$5,283,715$636,345$111,434$3,306,499
74$5,736,866$581,738$29,379$3,539,484
75$6,233,536$521,752$0$3,795,243
76$6,778,079$456,040$0$4,087,339
77$7,375,290$384,233$0$4,413,980
78$8,030,451$305,942$0$4,772,485
79$8,749,379$220,755$0$5,166,125
80$9,538,482$128,238$0$5,598,511
81$10,404,818$27,933$0$6,073,626
82$11,356,163$0$0$6,595,863
83$12,401,082$0$0$7,195,804
84$13,549,010$0$0$7,864,778
85$14,810,342$0$0$8,599,938
86$16,196,529$0$0$9,407,974
87$17,720,187$0$0$10,296,250
88$19,395,213$0$0$11,272,884
89$21,236,920$0$0$12,346,816
90$23,262,178$0$0$13,527,899
91$25,489,574$0$0$14,826,985
92$27,939,586$0$0$16,256,035
93$30,634,776$0$0$17,828,224
94$33,600,005$0$0$19,558,069
95$36,862,662$0$0$21,461,566
96$40,452,927$0$0$23,556,340
97$44,404,052$0$0$25,861,811
98$48,752,678$0$0$28,399,375
99$53,539,175$0$0$31,192,611
100$58,808,027$0$0$34,267,496