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%19.2%
1 years$77,129$76,442$75,772$75,117$74,478$71,722
2 years$38,183$37,471$36,782$36,114$35,466$32,720
3 years$25,202$24,488$23,801$23,139$22,501$19,852
4 years$18,713$18,001$17,321$16,670$16,048$13,516
5 years$14,821$14,113$13,442$12,804$12,199$9,791
6 years$12,227$11,525$10,863$10,240$9,653$7,370
7 years$10,375$9,678$9,027$8,419$7,850$5,692
8 years$8,986$8,296$7,656$7,062$6,513$4,477
9 years$7,907$7,223$6,594$6,015$5,485$3,569
10 years$7,044$6,367$5,749$5,185$4,673$2,874
11 years$6,338$5,668$5,061$4,513$4,019$2,333
12 years$5,751$5,087$4,492$3,958$3,483$1,905
13 years$5,254$4,597$4,013$3,495$3,037$1,563
14 years$4,828$4,179$3,606$3,102$2,662$1,288
15 years$4,460$3,818$3,255$2,767$2,344$1,065
16 years$4,138$3,503$2,951$2,477$2,072$882
17 years$3,854$3,226$2,686$2,226$1,837$732
18 years$3,602$2,981$2,452$2,006$1,633$609
19 years$3,377$2,763$2,244$1,812$1,456$507
20 years$3,174$2,567$2,060$1,641$1,300$423
21 years$2,991$2,391$1,895$1,490$1,164$353
22 years$2,825$2,232$1,746$1,355$1,043$295
23 years$2,674$2,088$1,612$1,234$936$247
24 years$2,535$1,956$1,491$1,125$842$206
25 years$2,408$1,836$1,381$1,028$757$173
26 years$2,291$1,725$1,281$940$682$145
27 years$2,182$1,624$1,189$860$615$121
28 years$2,082$1,530$1,106$788$555$101
29 years$1,988$1,443$1,029$723$501$85
30 years$1,901$1,363$958$663$453$71
31 years$1,820$1,288$894$609$409$60
32 years$1,744$1,219$834$560$370$50
33 years$1,673$1,155$778$515$335$42
34 years$1,606$1,094$727$474$303$35
35 years$1,543$1,038$680$436$275$30
36 years$1,483$985$636$401$249$25
37 years$1,427$936$595$370$226$21
38 years$1,374$889$558$341$205$17
39 years$1,324$846$522$314$186$15
40 years$1,277$804$490$290$168$12
41 years$1,232$766$459$268$153$10
42 years$1,189$729$431$247$139$9
43 years$1,148$695$404$228$126$7
44 years$1,110$662$379$210$114$6
45 years$1,073$632$356$194$104$5
46 years$1,038$603$335$180$94$4
47 years$1,004$575$314$166$85$4
48 years$972$549$295$153$78$3
49 years$941$524$278$142$70$3
50 years$912$501$261$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $934,000, adding $6,097 every year, while hoping to spend $35,884 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: 43/50/7 Blend
49$934,000$934,000$934,000$934,000
50$1,035,557$986,055$971,578$1,077,739
51$1,103,004$996,191$965,946$1,117,753
52$1,176,127$1,005,622$958,922$1,156,926
53$1,255,468$1,014,274$950,422$1,198,533
54$1,341,623$1,022,070$940,358$1,242,810
55$1,435,245$1,028,928$928,637$1,290,017
56$1,537,056$1,034,761$915,162$1,340,441
57$1,647,846$1,039,475$899,831$1,394,403
58$1,768,489$1,042,972$882,537$1,452,256
59$1,899,943$1,045,146$863,170$1,514,391
60$2,043,264$1,045,884$841,613$1,581,242
61$2,199,613$1,045,069$817,744$1,653,288
62$2,370,270$1,042,574$791,435$1,731,060
63$2,556,643$1,038,266$762,553$1,815,145
64$2,760,281$1,032,001$730,958$1,906,192
65$2,982,890$1,023,629$696,506$2,004,922
66$3,226,348$1,012,990$659,042$2,112,128
67$3,492,724$999,915$618,409$2,228,691
68$3,784,295$984,224$574,439$2,355,583
69$4,103,569$965,727$526,958$2,493,881
70$4,453,306$944,221$475,785$2,644,775
71$4,836,549$919,494$420,729$2,809,579
72$5,256,646$891,318$361,593$2,989,748
73$5,717,287$859,455$298,169$3,186,890
74$6,222,533$823,652$230,240$3,402,781
75$6,776,860$783,639$157,582$3,639,385
76$7,385,197$739,135$79,958$3,898,872
77$8,052,973$689,838$0$4,183,640
78$8,786,168$635,432$0$4,496,553
79$9,591,370$575,581$0$4,846,710
80$10,475,837$509,932$0$5,231,386
81$11,447,563$438,110$0$5,654,172
82$12,515,356$359,718$0$6,119,035
83$13,688,918$274,340$0$6,630,353
84$14,978,939$181,534$0$7,192,961
85$16,397,196$80,834$0$7,812,193
86$17,956,662$0$0$8,493,939
87$19,671,632$0$0$9,260,247
88$21,557,857$0$0$10,152,121
89$23,632,687$0$0$11,133,306
90$25,915,242$0$0$12,212,862
91$28,426,586$0$0$13,400,766
92$31,189,929$0$0$14,708,016
93$34,230,844$0$0$16,146,727
94$37,577,507$0$0$17,730,249
95$41,260,966$0$0$19,473,292
96$45,315,431$0$0$21,392,063
97$49,778,595$0$0$23,504,424
98$54,691,993$0$0$25,830,051
99$60,101,391$0$0$28,390,630
100$66,057,218$0$0$31,210,054