Can I retire at age 50 with 934,000?

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 $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%15.6%
1 years$77,129$76,442$75,772$75,117$74,478$72,767
2 years$38,183$37,471$36,782$36,114$35,466$33,751
3 years$25,202$24,488$23,801$23,139$22,501$20,836
4 years$18,713$18,001$17,321$16,670$16,048$14,446
5 years$14,821$14,113$13,442$12,804$12,199$10,665
6 years$12,227$11,525$10,863$10,240$9,653$8,188
7 years$10,375$9,678$9,027$8,419$7,850$6,455
8 years$8,986$8,296$7,656$7,062$6,513$5,186
9 years$7,907$7,223$6,594$6,015$5,485$4,225
10 years$7,044$6,367$5,749$5,185$4,673$3,480
11 years$6,338$5,668$5,061$4,513$4,019$2,891
12 years$5,751$5,087$4,492$3,958$3,483$2,418
13 years$5,254$4,597$4,013$3,495$3,037$2,033
14 years$4,828$4,179$3,606$3,102$2,662$1,717
15 years$4,460$3,818$3,255$2,767$2,344$1,456
16 years$4,138$3,503$2,951$2,477$2,072$1,238
17 years$3,854$3,226$2,686$2,226$1,837$1,055
18 years$3,602$2,981$2,452$2,006$1,633$902
19 years$3,377$2,763$2,244$1,812$1,456$772
20 years$3,174$2,567$2,060$1,641$1,300$661
21 years$2,991$2,391$1,895$1,490$1,164$568
22 years$2,825$2,232$1,746$1,355$1,043$488
23 years$2,674$2,088$1,612$1,234$936$420
24 years$2,535$1,956$1,491$1,125$842$361
25 years$2,408$1,836$1,381$1,028$757$311
26 years$2,291$1,725$1,281$940$682$268
27 years$2,182$1,624$1,189$860$615$231
28 years$2,082$1,530$1,106$788$555$199
29 years$1,988$1,443$1,029$723$501$172
30 years$1,901$1,363$958$663$453$149
31 years$1,820$1,288$894$609$409$128
32 years$1,744$1,219$834$560$370$111
33 years$1,673$1,155$778$515$335$96
34 years$1,606$1,094$727$474$303$83
35 years$1,543$1,038$680$436$275$71
36 years$1,483$985$636$401$249$62
37 years$1,427$936$595$370$226$53
38 years$1,374$889$558$341$205$46
39 years$1,324$846$522$314$186$40
40 years$1,277$804$490$290$168$35
41 years$1,232$766$459$268$153$30
42 years$1,189$729$431$247$139$26
43 years$1,148$695$404$228$126$22
44 years$1,110$662$379$210$114$19
45 years$1,073$632$356$194$104$17
46 years$1,038$603$335$180$94$14
47 years$1,004$575$314$166$85$12
48 years$972$549$295$153$78$11
49 years$941$524$278$142$70$9
50 years$912$501$261$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $934,000, adding $5,455 every year, while hoping to spend $41,399 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: 52/42/6 Blend
49$934,000$934,000$934,000$934,000
50$1,034,895$985,393$970,916$1,086,961
51$1,096,406$989,629$959,393$1,127,118
52$1,162,804$992,685$946,097$1,165,794
53$1,234,543$994,460$930,925$1,206,852
54$1,312,123$994,845$913,767$1,250,526
55$1,396,093$993,726$894,512$1,297,073
56$1,487,058$990,982$873,042$1,346,778
57$1,585,680$986,483$849,231$1,399,956
58$1,692,691$980,092$822,952$1,456,959
59$1,808,894$971,664$794,069$1,518,174
60$1,935,170$961,045$762,439$1,584,030
61$2,072,493$948,071$727,916$1,655,003
62$2,221,930$932,570$690,345$1,731,620
63$2,384,658$914,357$649,563$1,814,465
64$2,561,972$893,239$605,401$1,904,182
65$2,755,295$869,010$557,684$2,001,487
66$2,966,194$841,451$506,226$2,107,170
67$3,196,397$810,333$450,835$2,222,108
68$3,447,800$775,410$391,310$2,347,267
69$3,722,497$736,426$327,439$2,483,721
70$4,022,787$693,107$259,004$2,632,653
71$4,351,206$645,163$185,775$2,795,376
72$4,710,543$592,291$107,513$2,973,338
73$5,103,872$534,166$23,968$3,168,143
74$5,534,575$470,448$0$3,381,563
75$6,006,378$400,777$0$3,619,732
76$6,523,385$324,771$0$3,882,550
77$7,090,113$242,027$0$4,170,894
78$7,711,539$152,122$0$4,487,428
79$8,393,146$54,605$0$4,835,096
80$9,140,970$0$0$5,217,148
81$9,961,661$0$0$5,660,744
82$10,862,545$0$0$6,175,484
83$11,851,690$0$0$6,740,754
84$12,937,984$0$0$7,361,646
85$14,131,219$0$0$8,043,769
86$15,442,181$0$0$8,793,302
87$16,882,753$0$0$9,617,054
88$18,466,025$0$0$10,522,523
89$20,206,421$0$0$11,517,972
90$22,119,827$0$0$12,612,506
91$24,223,750$0$0$13,816,152
92$26,537,476$0$0$15,139,961
93$29,082,254$0$0$16,596,108
94$31,881,494$0$0$18,198,005
95$34,960,992$0$0$19,960,432
96$38,349,167$0$0$21,899,674
97$42,077,334$0$0$24,033,671
98$46,179,995$0$0$26,382,192
99$50,695,168$0$0$28,967,022
100$55,664,739$0$0$31,812,160