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%17.9%
1 years$77,459$76,769$76,096$75,439$74,797$72,403
2 years$38,346$37,632$36,940$36,269$35,618$33,228
3 years$25,310$24,593$23,903$23,238$22,597$20,286
4 years$18,793$18,078$17,395$16,741$16,117$13,903
5 years$14,884$14,174$13,499$12,859$12,252$10,140
6 years$12,279$11,574$10,909$10,283$9,694$7,688
7 years$10,419$9,720$9,066$8,455$7,884$5,982
8 years$9,025$8,332$7,688$7,092$6,541$4,741
9 years$7,941$7,254$6,622$6,041$5,508$3,810
10 years$7,074$6,394$5,773$5,208$4,693$3,093
11 years$6,365$5,692$5,083$4,532$4,036$2,532
12 years$5,775$5,109$4,511$3,975$3,498$2,086
13 years$5,276$4,617$4,030$3,510$3,050$1,727
14 years$4,849$4,197$3,621$3,115$2,674$1,436
15 years$4,479$3,834$3,269$2,778$2,354$1,198
16 years$4,156$3,518$2,964$2,488$2,081$1,002
17 years$3,871$3,240$2,697$2,235$1,845$840
18 years$3,618$2,993$2,462$2,014$1,640$705
19 years$3,391$2,774$2,254$1,820$1,462$593
20 years$3,188$2,578$2,069$1,649$1,306$500
21 years$3,004$2,401$1,903$1,496$1,169$421
22 years$2,837$2,242$1,754$1,360$1,048$356
23 years$2,685$2,096$1,619$1,239$940$300
24 years$2,546$1,964$1,497$1,130$845$254
25 years$2,418$1,843$1,387$1,032$761$215
26 years$2,300$1,732$1,286$944$685$182
27 years$2,192$1,630$1,194$864$618$154
28 years$2,091$1,536$1,110$791$557$130
29 years$1,997$1,449$1,033$726$503$110
30 years$1,909$1,369$963$666$455$93
31 years$1,828$1,294$897$612$411$79
32 years$1,751$1,224$837$562$372$67
33 years$1,680$1,159$782$517$337$57
34 years$1,613$1,099$730$476$305$48
35 years$1,549$1,042$683$438$276$41
36 years$1,490$989$639$403$250$35
37 years$1,434$940$598$371$227$29
38 years$1,380$893$560$342$205$25
39 years$1,330$849$525$316$186$21
40 years$1,282$808$492$291$169$18
41 years$1,237$769$461$269$153$15
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$9
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$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $938,000, adding $4,209 every year, while hoping to spend $58,032 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: 52/40/8 Blend
49$938,000$938,000$938,000$938,000
50$1,038,018$988,304$973,765$1,089,702
51$1,082,150$974,985$944,640$1,111,972
52$1,128,838$959,069$912,595$1,129,545
53$1,178,283$940,366$877,470$1,147,278
54$1,230,702$918,678$839,099$1,165,199
55$1,286,332$893,792$797,308$1,183,341
56$1,345,436$865,485$751,915$1,201,745
57$1,408,296$833,520$702,730$1,220,458
58$1,475,225$797,645$649,555$1,239,539
59$1,546,565$757,597$592,181$1,259,053
60$1,622,688$713,093$530,393$1,279,080
61$1,704,005$663,837$463,964$1,299,711
62$1,790,964$609,515$392,657$1,321,053
63$1,884,057$549,796$316,226$1,343,228
64$1,983,824$484,329$234,412$1,366,376
65$2,090,856$412,743$146,947$1,390,660
66$2,205,802$334,647$53,549$1,416,264
67$2,329,377$249,627$0$1,443,399
68$2,462,361$157,246$0$1,476,242
69$2,605,614$57,044$0$1,516,262
70$2,760,080$0$0$1,559,221
71$2,926,795$0$0$1,628,150
72$3,106,898$0$0$1,729,812
73$3,301,642$0$0$1,839,816
74$3,512,402$0$0$1,958,946
75$3,740,689$0$0$2,088,069
76$3,988,168$0$0$2,228,137
77$4,256,666$0$0$2,380,194
78$4,548,195$0$0$2,545,391
79$4,864,966$0$0$2,724,995
80$5,209,413$0$0$2,920,398
81$5,584,212$0$0$3,133,132
82$5,992,310$0$0$3,364,882
83$6,436,946$0$0$3,617,505
84$6,921,687$0$0$3,893,041
85$7,450,460$0$0$4,193,738
86$8,027,585$0$0$4,522,069
87$8,657,817$0$0$4,880,759
88$9,346,393$0$0$5,272,804
89$10,099,077$0$0$5,701,506
90$10,922,213$0$0$6,170,497
91$11,822,790$0$0$6,683,780
92$12,808,501$0$0$7,245,761
93$13,887,817$0$0$7,861,290
94$15,070,069$0$0$8,535,713
95$16,365,529$0$0$9,274,912
96$17,785,514$0$0$10,085,370
97$19,342,484$0$0$10,974,223
98$21,050,164$0$0$11,949,334
99$22,923,673$0$0$13,019,362
100$24,979,660$0$0$14,193,845