Can I retire at age 50 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$77,294$76,606$75,934$75,278$74,638$72,133
2 years$38,264$37,552$36,861$36,191$35,542$33,043
3 years$25,256$24,540$23,852$23,188$22,549$20,135
4 years$18,753$18,040$17,358$16,706$16,082$13,771
5 years$14,853$14,143$13,470$12,832$12,226$10,023
6 years$12,253$11,549$10,886$10,262$9,674$7,582
7 years$10,397$9,699$9,046$8,437$7,867$5,886
8 years$9,006$8,314$7,672$7,077$6,527$4,655
9 years$7,924$7,239$6,608$6,028$5,496$3,731
10 years$7,059$6,381$5,761$5,196$4,683$3,022
11 years$6,352$5,680$5,072$4,522$4,028$2,467
12 years$5,763$5,098$4,501$3,967$3,490$2,027
13 years$5,265$4,607$4,021$3,502$3,044$1,673
14 years$4,839$4,188$3,613$3,109$2,668$1,387
15 years$4,470$3,826$3,262$2,772$2,349$1,154
16 years$4,147$3,510$2,958$2,482$2,076$962
17 years$3,862$3,233$2,691$2,230$1,841$805
18 years$3,610$2,987$2,457$2,010$1,637$674
19 years$3,384$2,768$2,249$1,816$1,459$565
20 years$3,181$2,573$2,064$1,645$1,303$474
21 years$2,998$2,396$1,899$1,493$1,166$399
22 years$2,831$2,237$1,750$1,357$1,045$336
23 years$2,680$2,092$1,616$1,236$938$283
24 years$2,541$1,960$1,494$1,128$843$238
25 years$2,413$1,839$1,384$1,030$759$201
26 years$2,296$1,729$1,284$942$684$169
27 years$2,187$1,627$1,192$862$616$143
28 years$2,086$1,533$1,108$790$556$120
29 years$1,993$1,446$1,031$724$502$102
30 years$1,905$1,366$960$665$454$86
31 years$1,824$1,291$895$610$410$73
32 years$1,748$1,222$835$561$371$61
33 years$1,676$1,157$780$516$336$52
34 years$1,609$1,097$729$475$304$44
35 years$1,546$1,040$681$437$275$37
36 years$1,487$987$637$402$250$31
37 years$1,430$938$597$371$226$26
38 years$1,377$891$559$342$205$22
39 years$1,327$847$523$315$186$19
40 years$1,280$806$491$291$169$16
41 years$1,235$767$460$268$153$13
42 years$1,192$731$432$247$139$11
43 years$1,151$696$405$228$126$10
44 years$1,112$664$380$211$114$8
45 years$1,075$633$357$195$104$7
46 years$1,040$604$335$180$94$6
47 years$1,006$576$315$166$86$5
48 years$974$550$296$154$78$4
49 years$943$525$278$142$71$4
50 years$914$502$262$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $936,000, adding $4,737 every year, while hoping to spend $56,167 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: 24/48/28 Blend
49$936,000$936,000$936,000$936,000
50$1,036,358$986,750$972,242$1,052,012
51$1,082,306$975,340$945,051$1,054,259
52$1,131,057$961,488$915,067$1,051,609
53$1,182,839$945,015$882,136$1,047,592
54$1,237,900$925,732$846,099$1,042,132
55$1,296,512$903,439$806,789$1,035,151
56$1,358,970$877,922$764,031$1,026,571
57$1,425,601$848,956$717,642$1,016,311
58$1,496,761$816,303$667,431$1,004,290
59$1,572,841$779,712$613,200$990,428
60$1,654,268$738,915$554,739$974,643
61$1,741,512$693,630$491,832$956,854
62$1,835,087$643,560$424,250$936,982
63$1,935,560$588,388$351,756$914,948
64$2,043,550$527,782$274,102$890,678
65$2,159,737$461,388$191,030$864,099
66$2,284,869$388,835$102,268$835,143
67$2,419,768$309,730$7,536$803,748
68$2,565,333$223,656$0$769,858
69$2,722,558$130,176$0$761,378
70$2,892,529$28,825$0$754,537
71$3,076,444$0$0$747,150
72$3,275,618$0$0$782,027
73$3,491,496$0$0$836,467
74$3,725,671$0$0$895,662
75$3,979,889$0$0$960,072
76$4,256,075$0$0$1,030,203
77$4,556,344$0$0$1,106,612
78$4,883,024$0$0$1,189,911
79$5,238,677$0$0$1,280,776
80$5,626,120$0$0$1,379,947
81$6,048,455$0$0$1,488,243
82$6,509,095$0$0$1,606,562
83$7,011,796$0$0$1,735,895
84$7,560,695$0$0$1,877,332
85$8,160,343$0$0$2,032,074
86$8,815,751$0$0$2,201,442
87$9,532,437$0$0$2,386,891
88$10,316,475$0$0$2,590,025
89$11,174,555$0$0$2,812,608
90$12,114,042$0$0$3,056,584
91$13,143,046$0$0$3,324,094
92$14,270,500$0$0$3,617,496
93$15,506,241$0$0$3,939,386
94$16,861,102$0$0$4,292,626
95$18,347,015$0$0$4,680,366
96$19,977,123$0$0$5,106,077
97$21,765,901$0$0$5,573,583
98$23,729,294$0$0$6,087,095
99$25,884,867$0$0$6,651,253
100$28,251,967$0$0$7,271,168