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%17.5%
1 years$77,129$76,442$75,772$75,117$74,478$72,210
2 years$38,183$37,471$36,782$36,114$35,466$33,200
3 years$25,202$24,488$23,801$23,139$22,501$20,309
4 years$18,713$18,001$17,321$16,670$16,048$13,946
5 years$14,821$14,113$13,442$12,804$12,199$10,193
6 years$12,227$11,525$10,863$10,240$9,653$7,745
7 years$10,375$9,678$9,027$8,419$7,850$6,040
8 years$8,986$8,296$7,656$7,062$6,513$4,799
9 years$7,907$7,223$6,594$6,015$5,485$3,865
10 years$7,044$6,367$5,749$5,185$4,673$3,146
11 years$6,338$5,668$5,061$4,513$4,019$2,582
12 years$5,751$5,087$4,492$3,958$3,483$2,133
13 years$5,254$4,597$4,013$3,495$3,037$1,770
14 years$4,828$4,179$3,606$3,102$2,662$1,476
15 years$4,460$3,818$3,255$2,767$2,344$1,235
16 years$4,138$3,503$2,951$2,477$2,072$1,036
17 years$3,854$3,226$2,686$2,226$1,837$871
18 years$3,602$2,981$2,452$2,006$1,633$734
19 years$3,377$2,763$2,244$1,812$1,456$619
20 years$3,174$2,567$2,060$1,641$1,300$523
21 years$2,991$2,391$1,895$1,490$1,164$442
22 years$2,825$2,232$1,746$1,355$1,043$375
23 years$2,674$2,088$1,612$1,234$936$317
24 years$2,535$1,956$1,491$1,125$842$269
25 years$2,408$1,836$1,381$1,028$757$228
26 years$2,291$1,725$1,281$940$682$194
27 years$2,182$1,624$1,189$860$615$165
28 years$2,082$1,530$1,106$788$555$140
29 years$1,988$1,443$1,029$723$501$119
30 years$1,901$1,363$958$663$453$101
31 years$1,820$1,288$894$609$409$86
32 years$1,744$1,219$834$560$370$73
33 years$1,673$1,155$778$515$335$62
34 years$1,606$1,094$727$474$303$53
35 years$1,543$1,038$680$436$275$45
36 years$1,483$985$636$401$249$38
37 years$1,427$936$595$370$226$32
38 years$1,374$889$558$341$205$28
39 years$1,324$846$522$314$186$23
40 years$1,277$804$490$290$168$20
41 years$1,232$766$459$268$153$17
42 years$1,189$729$431$247$139$14
43 years$1,148$695$404$228$126$12
44 years$1,110$662$379$210$114$10
45 years$1,073$632$356$194$104$9
46 years$1,038$603$335$180$94$8
47 years$1,004$575$314$166$85$6
48 years$972$549$295$153$78$5
49 years$941$524$278$142$70$5
50 years$912$501$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $934,000, adding $6,210 every year, while hoping to spend $45,485 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: 80/10/10 Blend
49$934,000$934,000$934,000$934,000
50$1,035,674$986,172$971,695$1,116,348
51$1,092,917$986,098$955,851$1,170,093
52$1,154,474$984,497$937,952$1,222,481
53$1,220,738$981,245$917,880$1,278,624
54$1,292,138$976,211$895,515$1,338,877
55$1,369,149$969,258$870,727$1,403,629
56$1,452,288$960,238$843,382$1,473,308
57$1,542,128$948,996$813,342$1,548,386
58$1,639,295$935,366$780,459$1,629,385
59$1,744,479$919,175$744,580$1,716,879
60$1,858,438$900,237$705,546$1,811,500
61$1,982,005$878,355$663,188$1,913,945
62$2,116,098$853,323$617,333$2,024,983
63$2,261,724$824,919$567,798$2,145,460
64$2,419,991$792,912$514,391$2,276,311
65$2,592,121$757,056$456,913$2,418,564
66$2,779,455$717,088$395,157$2,573,353
67$2,983,469$672,735$328,904$2,741,930
68$3,205,788$623,705$257,929$2,925,673
69$3,448,201$569,690$181,992$3,126,103
70$3,712,677$510,363$100,847$3,344,894
71$4,001,380$445,382$14,236$3,583,894
72$4,316,697$374,381$0$3,845,140
73$4,661,252$296,978$0$4,139,220
74$5,037,936$212,766$0$4,462,430
75$5,449,930$121,316$0$4,816,009
76$5,900,738$22,176$0$5,202,999
77$6,394,219$0$0$5,626,750
78$6,934,621$0$0$6,100,324
79$7,526,622$0$0$6,621,814
80$8,175,373$0$0$7,193,324
81$8,886,550$0$0$7,819,854
82$9,666,402$0$0$8,506,913
83$10,521,811$0$0$9,260,570
84$11,460,360$0$0$10,087,508
85$12,490,398$0$0$10,995,087
86$13,621,124$0$0$11,991,417
87$14,862,670$0$0$13,085,430
88$16,226,198$0$0$14,286,965
89$17,724,004$0$0$15,606,861
90$19,369,631$0$0$17,057,060
91$21,178,003$0$0$18,650,715
92$23,165,557$0$0$20,402,319
93$25,350,405$0$0$22,327,837
94$27,752,500$0$0$24,444,860
95$30,393,823$0$0$26,772,765
96$33,298,594$0$0$29,332,905
97$36,493,496$0$0$32,148,802
98$40,007,930$0$0$35,246,376
99$43,874,287$0$0$38,654,180
100$48,128,257$0$0$42,403,681