Can I retire at age 50 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$77,459$76,769$76,096$75,439$74,797$72,086
2 years$38,346$37,632$36,940$36,269$35,618$32,916
3 years$25,310$24,593$23,903$23,238$22,597$19,990
4 years$18,793$18,078$17,395$16,741$16,117$13,624
5 years$14,884$14,174$13,499$12,859$12,252$9,879
6 years$12,279$11,574$10,909$10,283$9,694$7,445
7 years$10,419$9,720$9,066$8,455$7,884$5,756
8 years$9,025$8,332$7,688$7,092$6,541$4,533
9 years$7,941$7,254$6,622$6,041$5,508$3,618
10 years$7,074$6,394$5,773$5,208$4,693$2,917
11 years$6,365$5,692$5,083$4,532$4,036$2,371
12 years$5,775$5,109$4,511$3,975$3,498$1,939
13 years$5,276$4,617$4,030$3,510$3,050$1,593
14 years$4,849$4,197$3,621$3,115$2,674$1,314
15 years$4,479$3,834$3,269$2,778$2,354$1,088
16 years$4,156$3,518$2,964$2,488$2,081$903
17 years$3,871$3,240$2,697$2,235$1,845$751
18 years$3,618$2,993$2,462$2,014$1,640$625
19 years$3,391$2,774$2,254$1,820$1,462$522
20 years$3,188$2,578$2,069$1,649$1,306$436
21 years$3,004$2,401$1,903$1,496$1,169$364
22 years$2,837$2,242$1,754$1,360$1,048$305
23 years$2,685$2,096$1,619$1,239$940$255
24 years$2,546$1,964$1,497$1,130$845$214
25 years$2,418$1,843$1,387$1,032$761$179
26 years$2,300$1,732$1,286$944$685$150
27 years$2,192$1,630$1,194$864$618$126
28 years$2,091$1,536$1,110$791$557$106
29 years$1,997$1,449$1,033$726$503$89
30 years$1,909$1,369$963$666$455$75
31 years$1,828$1,294$897$612$411$63
32 years$1,751$1,224$837$562$372$53
33 years$1,680$1,159$782$517$337$44
34 years$1,613$1,099$730$476$305$37
35 years$1,549$1,042$683$438$276$31
36 years$1,490$989$639$403$250$26
37 years$1,434$940$598$371$227$22
38 years$1,380$893$560$342$205$18
39 years$1,330$849$525$316$186$16
40 years$1,282$808$492$291$169$13
41 years$1,237$769$461$269$153$11
42 years$1,194$732$432$248$139$9
43 years$1,153$698$406$229$126$8
44 years$1,114$665$381$211$115$6
45 years$1,077$634$358$195$104$5
46 years$1,042$605$336$180$94$5
47 years$1,008$577$316$167$86$4
48 years$976$551$297$154$78$3
49 years$945$526$279$142$71$3
50 years$916$503$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 $938,000, adding $3,051 every year, while hoping to spend $52,965 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: 40/34/26 Blend
49$938,000$938,000$938,000$938,000
50$1,036,823$987,109$972,570$1,070,225
51$1,086,225$979,123$948,797$1,086,702
52$1,138,890$968,971$922,452$1,099,334
53$1,195,096$956,490$893,394$1,111,971
54$1,255,147$941,508$861,473$1,124,646
55$1,319,374$923,845$826,535$1,137,398
56$1,388,143$903,306$788,416$1,150,276
57$1,461,854$879,688$746,948$1,163,338
58$1,540,944$852,774$701,953$1,176,653
59$1,625,897$822,336$653,244$1,190,302
60$1,717,239$788,131$600,629$1,204,378
61$1,815,552$749,904$543,904$1,218,993
62$1,921,472$707,383$482,858$1,234,274
63$2,035,698$660,281$417,271$1,250,367
64$2,159,001$608,296$346,911$1,267,442
65$2,292,223$551,107$271,537$1,285,691
66$2,436,294$488,376$190,897$1,305,336
67$2,592,234$419,744$104,730$1,326,629
68$2,761,163$344,833$12,760$1,349,855
69$2,944,316$263,244$0$1,375,339
70$3,143,049$174,555$0$1,427,137
71$3,358,851$78,320$0$1,487,291
72$3,593,365$0$0$1,552,814
73$3,848,395$0$0$1,634,025
74$4,125,925$0$0$1,754,397
75$4,428,141$0$0$1,885,588
76$4,757,446$0$0$2,028,656
77$5,116,486$0$0$2,184,765
78$5,508,172$0$0$2,355,197
79$5,935,708$0$0$2,541,361
80$6,402,623$0$0$2,744,812
81$6,912,800$0$0$2,967,258
82$7,470,514$0$0$3,210,581
83$8,080,471$0$0$3,476,854
84$8,747,856$0$0$3,768,359
85$9,478,373$0$0$4,087,609
86$10,278,308$0$0$4,437,370
87$11,154,580$0$0$4,820,692
88$12,114,810$0$0$5,240,929
89$13,167,391$0$0$5,701,780
90$14,321,567$0$0$6,207,315
91$15,587,518$0$0$6,762,019
92$16,976,459$0$0$7,370,832
93$18,500,741$0$0$8,039,195
94$20,173,969$0$0$8,773,102
95$22,011,130$0$0$9,579,155
96$24,028,733$0$0$10,464,629
97$26,244,964$0$0$11,437,536
98$28,679,858$0$0$12,506,703
99$31,355,485$0$0$13,681,855
100$34,296,160$0$0$14,973,706