Can I retire at age 50 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$76,964$76,278$75,609$74,956$74,319$73,028
2 years$38,101$37,391$36,704$36,037$35,390$34,093
3 years$25,148$24,436$23,750$23,089$22,453$21,191
4 years$18,673$17,963$17,284$16,634$16,014$14,796
5 years$14,789$14,083$13,413$12,777$12,173$11,004
6 years$12,201$11,500$10,840$10,218$9,632$8,513
7 years$10,353$9,658$9,008$8,401$7,834$6,764
8 years$8,967$8,278$7,639$7,047$6,499$5,478
9 years$7,890$7,208$6,580$6,002$5,473$4,502
10 years$7,029$6,353$5,736$5,174$4,663$3,740
11 years$6,325$5,656$5,050$4,503$4,010$3,134
12 years$5,738$5,076$4,482$3,950$3,475$2,645
13 years$5,243$4,588$4,004$3,487$3,031$2,245
14 years$4,818$4,170$3,598$3,095$2,657$1,914
15 years$4,450$3,809$3,248$2,761$2,339$1,639
16 years$4,129$3,495$2,945$2,472$2,067$1,407
17 years$3,846$3,219$2,680$2,221$1,833$1,212
18 years$3,594$2,974$2,446$2,001$1,630$1,046
19 years$3,370$2,757$2,240$1,809$1,453$905
20 years$3,168$2,562$2,055$1,638$1,298$784
21 years$2,985$2,386$1,891$1,487$1,161$680
22 years$2,819$2,227$1,742$1,352$1,041$590
23 years$2,668$2,083$1,609$1,231$934$513
24 years$2,530$1,952$1,488$1,123$840$447
25 years$2,403$1,832$1,378$1,025$756$389
26 years$2,286$1,721$1,278$937$681$339
27 years$2,178$1,620$1,187$858$614$296
28 years$2,077$1,527$1,103$786$554$258
29 years$1,984$1,440$1,027$721$500$225
30 years$1,897$1,360$956$662$452$197
31 years$1,816$1,286$892$608$408$172
32 years$1,740$1,217$832$558$369$150
33 years$1,669$1,152$777$514$334$131
34 years$1,602$1,092$726$473$303$115
35 years$1,539$1,036$679$435$274$100
36 years$1,480$983$635$401$248$88
37 years$1,424$934$594$369$225$77
38 years$1,372$887$556$340$204$67
39 years$1,322$844$521$314$185$59
40 years$1,274$803$489$289$168$51
41 years$1,229$764$458$267$152$45
42 years$1,187$728$430$246$138$39
43 years$1,146$693$403$227$125$34
44 years$1,107$661$379$210$114$30
45 years$1,071$630$355$194$103$26
46 years$1,035$601$334$179$94$23
47 years$1,002$574$314$166$85$20
48 years$970$548$295$153$77$18
49 years$939$523$277$141$70$16
50 years$910$500$260$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $932,000, adding $5,039 every year, while hoping to spend $27,396 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: 63/22/15 Blend
49$932,000$932,000$932,000$932,000
50$1,032,262$982,866$968,420$1,093,197
51$1,108,403$1,001,877$971,713$1,153,707
52$1,191,393$1,020,902$974,198$1,216,173
53$1,281,901$1,039,911$975,819$1,283,723
54$1,380,663$1,058,876$976,517$1,356,853
55$1,488,492$1,077,761$976,232$1,436,108
56$1,606,279$1,096,533$974,897$1,522,092
57$1,735,009$1,115,152$972,445$1,615,467
58$1,875,763$1,133,578$968,805$1,716,963
59$2,029,733$1,151,766$963,902$1,827,387
60$2,198,232$1,169,668$957,659$1,947,627
61$2,382,703$1,187,233$949,992$2,078,660
62$2,584,738$1,204,407$940,816$2,221,566
63$2,806,090$1,221,132$930,042$2,377,535
64$3,048,687$1,237,343$917,574$2,547,875
65$3,314,655$1,252,975$903,315$2,734,033
66$3,606,334$1,267,955$887,160$2,937,600
67$3,926,302$1,282,207$869,003$3,160,333
68$4,277,399$1,295,649$848,728$3,404,165
69$4,662,753$1,308,194$826,219$3,671,231
70$5,085,807$1,319,750$801,351$3,963,881
71$5,550,358$1,330,216$773,995$4,284,707
72$6,060,586$1,339,488$744,015$4,636,567
73$6,621,096$1,347,453$711,270$5,022,609
74$7,236,961$1,353,992$675,611$5,446,307
75$7,913,771$1,358,977$636,884$5,911,485
76$8,657,683$1,362,274$594,926$6,422,365
77$9,475,480$1,363,739$549,570$6,983,594
78$10,374,635$1,363,218$500,637$7,600,301
79$11,363,383$1,360,551$447,943$8,278,135
80$12,450,796$1,355,566$391,297$9,023,324
81$13,646,867$1,348,079$330,495$9,842,736
82$14,962,609$1,337,896$265,329$10,743,937
83$16,410,156$1,324,814$195,578$11,735,271
84$18,002,875$1,308,613$121,013$12,825,932
85$19,755,496$1,289,063$41,395$14,026,057
86$21,684,249$1,265,920$0$15,346,818
87$23,807,016$1,238,923$0$16,807,505
88$26,143,502$1,207,800$0$18,422,240
89$28,715,416$1,172,259$0$20,199,398
90$31,546,681$1,131,993$0$22,155,516
91$34,663,658$1,086,676$0$24,308,819
92$38,095,391$1,035,963$0$26,679,393
93$41,873,887$979,491$0$29,289,373
94$46,034,411$916,874$0$32,163,155
95$50,615,825$847,705$0$35,327,623
96$55,660,949$771,552$0$38,812,407
97$61,216,968$687,960$0$42,650,159
98$67,335,877$596,448$0$46,876,867
99$74,074,970$496,508$0$51,532,191
100$81,497,382$387,602$0$56,659,836