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%18.9%
1 years$77,377$76,687$76,015$75,359$74,718$72,038
2 years$38,305$37,592$36,900$36,230$35,580$32,909
3 years$25,283$24,567$23,877$23,213$22,573$19,995
4 years$18,773$18,059$17,376$16,724$16,099$13,634
5 years$14,869$14,159$13,485$12,845$12,239$9,892
6 years$12,266$11,562$10,898$10,273$9,684$7,458
7 years$10,408$9,709$9,056$8,446$7,876$5,770
8 years$9,015$8,323$7,680$7,085$6,534$4,547
9 years$7,932$7,246$6,615$6,035$5,502$3,631
10 years$7,067$6,387$5,767$5,202$4,688$2,930
11 years$6,359$5,686$5,077$4,527$4,032$2,383
12 years$5,769$5,104$4,506$3,971$3,494$1,950
13 years$5,271$4,612$4,026$3,506$3,047$1,603
14 years$4,844$4,192$3,617$3,112$2,671$1,324
15 years$4,474$3,830$3,266$2,775$2,352$1,096
16 years$4,151$3,514$2,961$2,485$2,078$910
17 years$3,866$3,236$2,694$2,233$1,843$758
18 years$3,614$2,990$2,460$2,012$1,639$632
19 years$3,388$2,771$2,252$1,818$1,460$527
20 years$3,185$2,575$2,066$1,647$1,305$441
21 years$3,001$2,399$1,901$1,495$1,167$369
22 years$2,834$2,239$1,752$1,359$1,046$309
23 years$2,682$2,094$1,617$1,238$939$259
24 years$2,543$1,962$1,496$1,129$844$217
25 years$2,416$1,841$1,386$1,031$760$182
26 years$2,298$1,731$1,285$943$684$153
27 years$2,189$1,629$1,193$863$617$128
28 years$2,088$1,535$1,109$790$557$108
29 years$1,995$1,448$1,032$725$503$90
30 years$1,907$1,367$962$665$454$76
31 years$1,826$1,293$896$611$411$64
32 years$1,750$1,223$836$561$371$54
33 years$1,678$1,158$781$516$336$45
34 years$1,611$1,098$730$475$304$38
35 years$1,548$1,041$682$437$276$32
36 years$1,488$988$638$403$250$27
37 years$1,432$939$597$371$226$23
38 years$1,379$892$559$342$205$19
39 years$1,329$848$524$315$186$16
40 years$1,281$807$491$291$169$13
41 years$1,236$768$461$268$153$11
42 years$1,193$732$432$248$139$9
43 years$1,152$697$405$229$126$8
44 years$1,113$664$381$211$114$7
45 years$1,076$634$357$195$104$6
46 years$1,041$604$336$180$94$5
47 years$1,007$577$315$166$86$4
48 years$975$551$296$154$78$3
49 years$944$526$278$142$71$3
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 $4,693 every year, while hoping to spend $48,965 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: 66/28/6 Blend
49$937,000$937,000$937,000$937,000
50$1,037,415$987,754$973,230$1,104,604
51$1,091,133$984,055$953,735$1,146,107
52$1,148,689$978,535$931,946$1,185,133
53$1,210,423$971,051$907,734$1,226,474
54$1,276,708$961,454$880,964$1,270,350
55$1,347,952$949,585$851,497$1,317,004
56$1,424,606$935,278$819,185$1,366,704
57$1,507,162$918,353$783,874$1,419,747
58$1,596,162$898,621$745,403$1,476,462
59$1,692,201$875,884$703,605$1,537,212
60$1,795,933$849,930$658,303$1,602,401
61$1,908,076$820,534$609,314$1,672,473
62$2,029,420$787,460$556,446$1,747,921
63$2,160,832$750,458$499,498$1,829,292
64$2,303,267$709,261$438,262$1,917,188
65$2,457,775$663,589$372,518$2,012,278
66$2,625,509$613,146$302,039$2,115,298
67$2,807,739$557,618$226,585$2,227,066
68$3,005,861$496,674$145,908$2,348,484
69$3,221,411$429,963$59,748$2,480,552
70$3,456,079$357,115$0$2,624,372
71$3,711,725$277,739$0$2,783,227
72$3,990,395$191,422$0$2,960,621
73$4,294,341$97,729$0$3,154,234
74$4,626,044$0$0$3,365,734
75$4,988,231$0$0$3,598,135
76$5,383,906$0$0$3,884,976
77$5,816,377$0$0$4,198,549
78$6,289,284$0$0$4,541,502
79$6,806,637$0$0$4,916,749
80$7,372,848$0$0$5,327,499
81$7,992,779$0$0$5,777,287
82$8,671,782$0$0$6,270,005
83$9,415,751$0$0$6,809,938
84$10,231,178$0$0$7,401,807
85$11,125,211$0$0$8,050,810
86$12,105,724$0$0$8,762,672
87$13,181,391$0$0$9,543,701
88$14,361,764$0$0$10,400,843
89$15,657,364$0$0$11,341,750
90$17,079,783$0$0$12,374,849
91$18,641,788$0$0$13,509,427
92$20,357,443$0$0$14,755,710
93$22,242,242$0$0$16,124,966
94$24,313,254$0$0$17,629,607
95$26,589,280$0$0$19,283,309
96$29,091,038$0$0$21,101,136
97$31,841,350$0$0$23,099,686
98$34,865,358$0$0$25,297,244
99$38,190,765$0$0$27,713,957
100$41,848,092$0$0$30,372,021