Can I retire at age 50 with 937,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$77,377$76,687$76,015$75,359$74,718$72,182
2 years$38,305$37,592$36,900$36,230$35,580$33,050
3 years$25,283$24,567$23,877$23,213$22,573$20,130
4 years$18,773$18,059$17,376$16,724$16,099$13,760
5 years$14,869$14,159$13,485$12,845$12,239$10,010
6 years$12,266$11,562$10,898$10,273$9,684$7,568
7 years$10,408$9,709$9,056$8,446$7,876$5,872
8 years$9,015$8,323$7,680$7,085$6,534$4,641
9 years$7,932$7,246$6,615$6,035$5,502$3,718
10 years$7,067$6,387$5,767$5,202$4,688$3,009
11 years$6,359$5,686$5,077$4,527$4,032$2,455
12 years$5,769$5,104$4,506$3,971$3,494$2,016
13 years$5,271$4,612$4,026$3,506$3,047$1,663
14 years$4,844$4,192$3,617$3,112$2,671$1,378
15 years$4,474$3,830$3,266$2,775$2,352$1,145
16 years$4,151$3,514$2,961$2,485$2,078$954
17 years$3,866$3,236$2,694$2,233$1,843$797
18 years$3,614$2,990$2,460$2,012$1,639$667
19 years$3,388$2,771$2,252$1,818$1,460$559
20 years$3,185$2,575$2,066$1,647$1,305$469
21 years$3,001$2,399$1,901$1,495$1,167$394
22 years$2,834$2,239$1,752$1,359$1,046$331
23 years$2,682$2,094$1,617$1,238$939$279
24 years$2,543$1,962$1,496$1,129$844$235
25 years$2,416$1,841$1,386$1,031$760$198
26 years$2,298$1,731$1,285$943$684$167
27 years$2,189$1,629$1,193$863$617$140
28 years$2,088$1,535$1,109$790$557$118
29 years$1,995$1,448$1,032$725$503$100
30 years$1,907$1,367$962$665$454$84
31 years$1,826$1,293$896$611$411$71
32 years$1,750$1,223$836$561$371$60
33 years$1,678$1,158$781$516$336$51
34 years$1,611$1,098$730$475$304$43
35 years$1,548$1,041$682$437$276$36
36 years$1,488$988$638$403$250$30
37 years$1,432$939$597$371$226$26
38 years$1,379$892$559$342$205$22
39 years$1,329$848$524$315$186$18
40 years$1,281$807$491$291$169$15
41 years$1,236$768$461$268$153$13
42 years$1,193$732$432$248$139$11
43 years$1,152$697$405$229$126$9
44 years$1,113$664$381$211$114$8
45 years$1,076$634$357$195$104$7
46 years$1,041$604$336$180$94$6
47 years$1,007$577$315$166$86$5
48 years$975$551$296$154$78$4
49 years$944$526$278$142$71$3
50 years$915$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 $937,000, adding $6,004 every year, while hoping to spend $49,534 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: 50/30/20 Blend
49$937,000$937,000$937,000$937,000
50$1,038,767$989,106$974,583$1,084,630
51$1,092,018$984,869$954,527$1,112,756
52$1,149,039$978,763$932,140$1,137,747
53$1,210,165$970,646$907,290$1,163,860
54$1,275,759$960,365$879,842$1,191,221
55$1,346,222$947,758$849,652$1,219,970
56$1,421,992$932,654$816,571$1,250,265
57$1,503,552$914,871$780,443$1,282,281
58$1,591,432$894,217$741,105$1,316,216
59$1,686,212$870,488$698,386$1,352,292
60$1,788,533$843,469$652,109$1,390,757
61$1,899,095$812,931$602,087$1,431,886
62$2,018,672$778,633$548,126$1,475,989
63$2,148,109$740,319$490,021$1,523,410
64$2,288,341$697,720$427,561$1,574,536
65$2,440,392$650,548$360,524$1,629,794
66$2,605,389$598,502$288,679$1,689,664
67$2,784,572$541,262$211,783$1,754,677
68$2,979,305$478,490$129,585$1,825,428
69$3,191,088$409,830$41,820$1,902,576
70$3,421,572$334,905$0$1,986,855
71$3,672,572$253,315$0$2,090,144
72$3,946,087$164,640$0$2,212,530
73$4,244,317$68,436$0$2,346,152
74$4,569,681$0$0$2,492,194
75$4,924,845$0$0$2,663,776
76$5,312,740$0$0$2,875,937
77$5,736,596$0$0$3,107,863
78$6,199,967$0$0$3,361,511
79$6,706,767$0$0$3,639,035
80$7,261,303$0$0$3,942,809
81$7,868,322$0$0$4,275,443
82$8,533,046$0$0$4,639,817
83$9,261,231$0$0$5,039,097
84$10,059,212$0$0$5,476,773
85$10,933,966$0$0$5,956,688
86$11,893,180$0$0$6,483,076
87$12,945,319$0$0$7,060,597
88$14,099,705$0$0$7,694,387
89$15,366,608$0$0$8,390,102
90$16,757,340$0$0$9,153,974
91$18,284,363$0$0$9,992,864
92$19,961,401$0$0$10,914,335
93$21,803,577$0$0$11,926,715
94$23,827,547$0$0$13,039,181
95$26,051,662$0$0$14,261,839
96$28,496,138$0$0$15,605,828
97$31,183,249$0$0$17,083,416
98$34,137,530$0$0$18,708,121
99$37,386,016$0$0$20,494,834
100$40,958,491$0$0$22,459,965