Can I retire at age 50 with 938,000?

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 $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%17.8%
1 years$77,459$76,769$76,096$75,439$74,797$72,432
2 years$38,346$37,632$36,940$36,269$35,618$33,256
3 years$25,310$24,593$23,903$23,238$22,597$20,314
4 years$18,793$18,078$17,395$16,741$16,117$13,928
5 years$14,884$14,174$13,499$12,859$12,252$10,164
6 years$12,279$11,574$10,909$10,283$9,694$7,710
7 years$10,419$9,720$9,066$8,455$7,884$6,003
8 years$9,025$8,332$7,688$7,092$6,541$4,761
9 years$7,941$7,254$6,622$6,041$5,508$3,828
10 years$7,074$6,394$5,773$5,208$4,693$3,110
11 years$6,365$5,692$5,083$4,532$4,036$2,547
12 years$5,775$5,109$4,511$3,975$3,498$2,100
13 years$5,276$4,617$4,030$3,510$3,050$1,740
14 years$4,849$4,197$3,621$3,115$2,674$1,447
15 years$4,479$3,834$3,269$2,778$2,354$1,208
16 years$4,156$3,518$2,964$2,488$2,081$1,011
17 years$3,871$3,240$2,697$2,235$1,845$848
18 years$3,618$2,993$2,462$2,014$1,640$713
19 years$3,391$2,774$2,254$1,820$1,462$600
20 years$3,188$2,578$2,069$1,649$1,306$506
21 years$3,004$2,401$1,903$1,496$1,169$427
22 years$2,837$2,242$1,754$1,360$1,048$361
23 years$2,685$2,096$1,619$1,239$940$305
24 years$2,546$1,964$1,497$1,130$845$258
25 years$2,418$1,843$1,387$1,032$761$218
26 years$2,300$1,732$1,286$944$685$185
27 years$2,192$1,630$1,194$864$618$157
28 years$2,091$1,536$1,110$791$557$133
29 years$1,997$1,449$1,033$726$503$112
30 years$1,909$1,369$963$666$455$95
31 years$1,828$1,294$897$612$411$81
32 years$1,751$1,224$837$562$372$69
33 years$1,680$1,159$782$517$337$58
34 years$1,613$1,099$730$476$305$49
35 years$1,549$1,042$683$438$276$42
36 years$1,490$989$639$403$250$36
37 years$1,434$940$598$371$227$30
38 years$1,380$893$560$342$205$26
39 years$1,330$849$525$316$186$22
40 years$1,282$808$492$291$169$18
41 years$1,237$769$461$269$153$16
42 years$1,194$732$432$248$139$13
43 years$1,153$698$406$229$126$11
44 years$1,114$665$381$211$115$10
45 years$1,077$634$358$195$104$8
46 years$1,042$605$336$180$94$7
47 years$1,008$577$316$167$86$6
48 years$976$551$297$154$78$5
49 years$945$526$279$142$71$4
50 years$916$503$262$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $938,000, adding $2,758 every year, while hoping to spend $31,705 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: 66/22/12 Blend
49$938,000$938,000$938,000$938,000
50$1,036,521$986,807$972,268$1,101,965
51$1,108,512$1,001,427$971,105$1,160,559
52$1,186,784$1,015,700$968,841$1,220,588
53$1,271,943$1,029,577$965,404$1,285,392
54$1,364,658$1,043,003$960,722$1,355,436
55$1,465,664$1,055,920$954,717$1,431,232
56$1,575,769$1,068,268$947,307$1,513,343
57$1,695,865$1,079,980$938,409$1,602,392
58$1,826,930$1,090,986$927,932$1,699,064
59$1,970,043$1,101,211$915,785$1,804,115
60$2,126,392$1,110,575$901,868$1,918,378
61$2,297,284$1,118,993$886,081$2,042,771
62$2,484,158$1,126,374$868,315$2,178,307
63$2,688,598$1,132,623$848,460$2,326,103
64$2,912,350$1,137,636$826,398$2,487,389
65$3,157,333$1,141,304$802,007$2,663,523
66$3,425,665$1,143,512$775,158$2,856,001
67$3,719,675$1,144,136$745,717$3,066,472
68$4,041,928$1,143,045$713,545$3,296,755
69$4,395,251$1,140,101$678,495$3,548,855
70$4,782,756$1,135,155$640,414$3,824,983
71$5,207,870$1,128,051$599,141$4,127,576
72$5,674,371$1,118,623$554,510$4,459,323
73$6,186,416$1,106,695$506,346$4,823,185
74$6,748,588$1,092,080$454,465$5,222,429
75$7,365,933$1,074,581$398,679$5,660,657
76$8,044,009$1,053,987$338,786$6,141,839
77$8,788,943$1,030,077$274,580$6,670,353
78$9,607,480$1,002,615$205,843$7,251,024
79$10,507,052$971,353$132,348$7,889,173
80$11,495,848$936,026$53,859$8,590,666
81$12,582,890$896,357$0$9,361,968
82$13,778,116$852,049$0$10,214,038
83$15,092,475$802,791$0$11,158,514
84$16,538,032$748,252$0$12,197,190
85$18,128,079$688,084$0$13,339,653
86$19,877,261$621,918$0$14,596,471
87$21,801,713$549,363$0$15,979,287
88$23,919,213$470,008$0$17,500,938
89$26,249,351$383,416$0$19,175,570
90$28,813,710$289,129$0$21,018,775
91$31,636,072$186,659$0$23,047,738
92$34,742,640$75,495$0$25,281,399
93$38,162,289$0$0$27,740,633
94$41,926,833$0$0$30,459,318
95$46,071,327$0$0$33,472,593
96$50,634,401$0$0$36,790,273
97$55,658,618$0$0$40,443,317
98$61,190,880$0$0$44,465,835
99$67,282,868$0$0$48,895,415
100$73,991,530$0$0$53,773,475