Can I retire at age 50 with 934,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$77,129$76,442$75,772$75,117$74,478$74,040
2 years$38,183$37,471$36,782$36,114$35,466$35,024
3 years$25,202$24,488$23,801$23,139$22,501$22,069
4 years$18,713$18,001$17,321$16,670$16,048$15,629
5 years$14,821$14,113$13,442$12,804$12,199$11,794
6 years$12,227$11,525$10,863$10,240$9,653$9,263
7 years$10,375$9,678$9,027$8,419$7,850$7,475
8 years$8,986$8,296$7,656$7,062$6,513$6,153
9 years$7,907$7,223$6,594$6,015$5,485$5,140
10 years$7,044$6,367$5,749$5,185$4,673$4,343
11 years$6,338$5,668$5,061$4,513$4,019$3,704
12 years$5,751$5,087$4,492$3,958$3,483$3,182
13 years$5,254$4,597$4,013$3,495$3,037$2,750
14 years$4,828$4,179$3,606$3,102$2,662$2,389
15 years$4,460$3,818$3,255$2,767$2,344$2,084
16 years$4,138$3,503$2,951$2,477$2,072$1,825
17 years$3,854$3,226$2,686$2,226$1,837$1,603
18 years$3,602$2,981$2,452$2,006$1,633$1,411
19 years$3,377$2,763$2,244$1,812$1,456$1,245
20 years$3,174$2,567$2,060$1,641$1,300$1,101
21 years$2,991$2,391$1,895$1,490$1,164$976
22 years$2,825$2,232$1,746$1,355$1,043$866
23 years$2,674$2,088$1,612$1,234$936$769
24 years$2,535$1,956$1,491$1,125$842$684
25 years$2,408$1,836$1,381$1,028$757$609
26 years$2,291$1,725$1,281$940$682$543
27 years$2,182$1,624$1,189$860$615$484
28 years$2,082$1,530$1,106$788$555$432
29 years$1,988$1,443$1,029$723$501$386
30 years$1,901$1,363$958$663$453$345
31 years$1,820$1,288$894$609$409$308
32 years$1,744$1,219$834$560$370$275
33 years$1,673$1,155$778$515$335$246
34 years$1,606$1,094$727$474$303$221
35 years$1,543$1,038$680$436$275$197
36 years$1,483$985$636$401$249$177
37 years$1,427$936$595$370$226$158
38 years$1,374$889$558$341$205$142
39 years$1,324$846$522$314$186$127
40 years$1,277$804$490$290$168$114
41 years$1,232$766$459$268$153$102
42 years$1,189$729$431$247$139$92
43 years$1,148$695$404$228$126$82
44 years$1,110$662$379$210$114$74
45 years$1,073$632$356$194$104$66
46 years$1,038$603$335$180$94$59
47 years$1,004$575$314$166$85$53
48 years$972$549$295$153$78$48
49 years$941$524$278$142$70$43
50 years$912$501$261$131$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $934,000, adding $4,959 every year, while hoping to spend $27,496 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: 78/5/17 Blend
49$934,000$934,000$934,000$934,000
50$1,034,383$984,881$970,404$1,110,818
51$1,110,635$1,003,885$973,657$1,180,944
52$1,193,742$1,022,898$976,098$1,253,886
53$1,284,377$1,041,892$977,669$1,333,148
54$1,383,275$1,060,837$978,313$1,419,349
55$1,491,249$1,079,698$977,967$1,513,177
56$1,609,194$1,098,441$976,566$1,615,386
57$1,738,092$1,117,025$974,042$1,726,808
58$1,879,029$1,135,411$970,323$1,848,359
59$2,033,196$1,153,552$965,335$1,981,051
60$2,201,907$1,171,401$958,999$2,125,994
61$2,386,608$1,188,906$951,232$2,284,416
62$2,588,892$1,206,013$941,948$2,457,668
63$2,810,513$1,222,661$931,057$2,647,238
64$3,053,402$1,238,788$918,464$2,854,766
65$3,319,686$1,254,326$904,071$3,082,061
66$3,611,709$1,269,203$887,772$3,331,113
67$3,932,051$1,283,342$869,460$3,604,119
68$4,283,554$1,296,659$849,021$3,903,498
69$4,669,349$1,309,068$826,335$4,231,914
70$5,092,885$1,320,475$801,280$4,592,305
71$5,557,960$1,330,779$773,723$4,987,910
72$6,068,759$1,339,874$743,530$5,422,295
73$6,629,892$1,347,647$710,558$5,899,392
74$7,246,438$1,353,979$674,658$6,423,535
75$7,923,990$1,358,739$635,675$6,999,497
76$8,668,713$1,361,793$593,446$7,632,542
77$9,487,397$1,362,996$547,801$8,328,469
78$10,387,522$1,362,194$498,563$9,093,668
79$11,377,331$1,359,223$445,547$9,935,185
80$12,465,904$1,353,910$388,559$10,860,780
81$13,663,247$1,346,072$327,396$11,879,010
82$14,980,382$1,335,514$261,847$12,999,301
83$16,429,454$1,322,027$191,692$14,232,044
84$18,023,846$1,305,394$116,701$15,588,689
85$19,778,301$1,285,381$36,633$17,081,856
86$21,709,065$1,261,742$0$18,725,452
87$23,834,038$1,234,216$0$20,543,658
88$26,172,944$1,202,527$0$22,552,179
89$28,747,516$1,166,382$0$24,763,026
90$31,581,699$1,125,471$0$27,196,767
91$34,701,879$1,079,466$0$29,876,065
92$38,137,132$1,028,021$0$32,825,892
93$41,919,494$970,768$0$36,073,767
94$46,084,266$907,320$0$39,650,012
95$50,670,348$837,266$0$43,588,043
96$55,720,604$760,172$0$47,924,680
97$61,282,265$675,580$0$52,700,497
98$67,407,377$583,004$0$57,960,205
99$74,153,292$481,934$0$63,753,074
100$81,583,206$371,827$0$70,133,397