Can I retire at age 50 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$77,377$76,687$76,015$75,359$74,718$71,725
2 years$38,305$37,592$36,900$36,230$35,580$32,602
3 years$25,283$24,567$23,877$23,213$22,573$19,705
4 years$18,773$18,059$17,376$16,724$16,099$13,362
5 years$14,869$14,159$13,485$12,845$12,239$9,638
6 years$12,266$11,562$10,898$10,273$9,684$7,223
7 years$10,408$9,709$9,056$8,446$7,876$5,553
8 years$9,015$8,323$7,680$7,085$6,534$4,347
9 years$7,932$7,246$6,615$6,035$5,502$3,448
10 years$7,067$6,387$5,767$5,202$4,688$2,763
11 years$6,359$5,686$5,077$4,527$4,032$2,231
12 years$5,769$5,104$4,506$3,971$3,494$1,812
13 years$5,271$4,612$4,026$3,506$3,047$1,479
14 years$4,844$4,192$3,617$3,112$2,671$1,212
15 years$4,474$3,830$3,266$2,775$2,352$996
16 years$4,151$3,514$2,961$2,485$2,078$820
17 years$3,866$3,236$2,694$2,233$1,843$677
18 years$3,614$2,990$2,460$2,012$1,639$560
19 years$3,388$2,771$2,252$1,818$1,460$464
20 years$3,185$2,575$2,066$1,647$1,305$384
21 years$3,001$2,399$1,901$1,495$1,167$319
22 years$2,834$2,239$1,752$1,359$1,046$265
23 years$2,682$2,094$1,617$1,238$939$220
24 years$2,543$1,962$1,496$1,129$844$183
25 years$2,416$1,841$1,386$1,031$760$152
26 years$2,298$1,731$1,285$943$684$126
27 years$2,189$1,629$1,193$863$617$105
28 years$2,088$1,535$1,109$790$557$88
29 years$1,995$1,448$1,032$725$503$73
30 years$1,907$1,367$962$665$454$61
31 years$1,826$1,293$896$611$411$51
32 years$1,750$1,223$836$561$371$42
33 years$1,678$1,158$781$516$336$35
34 years$1,611$1,098$730$475$304$29
35 years$1,548$1,041$682$437$276$24
36 years$1,488$988$638$403$250$20
37 years$1,432$939$597$371$226$17
38 years$1,379$892$559$342$205$14
39 years$1,329$848$524$315$186$12
40 years$1,281$807$491$291$169$10
41 years$1,236$768$461$268$153$8
42 years$1,193$732$432$248$139$7
43 years$1,152$697$405$229$126$6
44 years$1,113$664$381$211$114$5
45 years$1,076$634$357$195$104$4
46 years$1,041$604$336$180$94$3
47 years$1,007$577$315$166$86$3
48 years$975$551$296$154$78$2
49 years$944$526$278$142$71$2
50 years$915$502$262$131$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $937,000, adding $5,424 every year, while hoping to spend $41,664 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: 66/11/23 Blend
49$937,000$937,000$937,000$937,000
50$1,038,169$988,508$973,984$1,100,216
51$1,099,732$992,615$962,283$1,146,699
52$1,166,178$995,526$948,793$1,192,268
53$1,237,961$997,140$933,410$1,241,123
54$1,315,581$997,347$916,027$1,293,588
55$1,399,584$996,032$896,528$1,350,023
56$1,490,576$993,071$874,796$1,410,822
57$1,589,218$988,335$850,705$1,476,425
58$1,696,239$981,685$824,125$1,547,313
59$1,812,442$972,973$794,919$1,624,022
60$1,938,708$962,046$762,946$1,707,140
61$2,076,007$948,737$728,055$1,797,319
62$2,225,406$932,871$690,091$1,895,278
63$2,388,080$914,264$648,892$2,001,812
64$2,565,320$892,720$604,286$2,117,796
65$2,758,549$868,029$556,096$2,244,200
66$2,969,332$839,974$504,136$2,382,091
67$3,199,391$808,320$448,212$2,532,651
68$3,450,623$772,821$388,121$2,697,181
69$3,725,114$733,217$323,650$2,877,119
70$4,025,163$689,232$254,580$3,074,053
71$4,353,300$640,575$180,679$3,289,735
72$4,712,310$586,937$101,705$3,526,098
73$5,105,262$527,992$17,408$3,785,274
74$5,535,531$463,396$0$4,069,621
75$6,006,838$392,786$0$4,399,539
76$6,523,279$315,776$0$4,765,808
77$7,089,365$231,960$0$5,167,386
78$7,710,064$140,910$0$5,607,834
79$8,390,848$42,172$0$6,091,081
80$9,137,744$0$0$6,621,455
81$9,957,392$0$0$7,211,560
82$10,857,102$0$0$7,864,972
83$11,844,931$0$0$8,582,444
84$12,929,751$0$0$9,370,428
85$14,121,337$0$0$10,236,033
86$15,430,457$0$0$11,187,089
87$16,868,972$0$0$12,232,222
88$18,449,950$0$0$13,380,936
89$20,187,790$0$0$14,643,702
90$22,098,351$0$0$16,032,054
91$24,199,109$0$0$17,558,701
92$26,509,316$0$0$19,237,644
93$29,050,183$0$0$21,084,310
94$31,845,082$0$0$23,115,695
95$34,919,762$0$0$25,350,527
96$38,302,594$0$0$27,809,437
97$42,024,836$0$0$30,515,161
98$46,120,932$0$0$33,492,747
99$50,628,830$0$0$36,769,796
100$55,590,346$0$0$40,376,719