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%16.5%
1 years$77,459$76,769$76,096$75,439$74,797$72,812
2 years$38,346$37,632$36,940$36,269$35,618$33,631
3 years$25,310$24,593$23,903$23,238$22,597$20,672
4 years$18,793$18,078$17,395$16,741$16,117$14,267
5 years$14,884$14,174$13,499$12,859$12,252$10,483
6 years$12,279$11,574$10,909$10,283$9,694$8,009
7 years$10,419$9,720$9,066$8,455$7,884$6,281
8 years$9,025$8,332$7,688$7,092$6,541$5,020
9 years$7,941$7,254$6,622$6,041$5,508$4,068
10 years$7,074$6,394$5,773$5,208$4,693$3,332
11 years$6,365$5,692$5,083$4,532$4,036$2,752
12 years$5,775$5,109$4,511$3,975$3,498$2,288
13 years$5,276$4,617$4,030$3,510$3,050$1,913
14 years$4,849$4,197$3,621$3,115$2,674$1,605
15 years$4,479$3,834$3,269$2,778$2,354$1,352
16 years$4,156$3,518$2,964$2,488$2,081$1,143
17 years$3,871$3,240$2,697$2,235$1,845$968
18 years$3,618$2,993$2,462$2,014$1,640$821
19 years$3,391$2,774$2,254$1,820$1,462$698
20 years$3,188$2,578$2,069$1,649$1,306$594
21 years$3,004$2,401$1,903$1,496$1,169$507
22 years$2,837$2,242$1,754$1,360$1,048$432
23 years$2,685$2,096$1,619$1,239$940$369
24 years$2,546$1,964$1,497$1,130$845$316
25 years$2,418$1,843$1,387$1,032$761$270
26 years$2,300$1,732$1,286$944$685$231
27 years$2,192$1,630$1,194$864$618$198
28 years$2,091$1,536$1,110$791$557$169
29 years$1,997$1,449$1,033$726$503$145
30 years$1,909$1,369$963$666$455$124
31 years$1,828$1,294$897$612$411$107
32 years$1,751$1,224$837$562$372$91
33 years$1,680$1,159$782$517$337$78
34 years$1,613$1,099$730$476$305$67
35 years$1,549$1,042$683$438$276$58
36 years$1,490$989$639$403$250$49
37 years$1,434$940$598$371$227$42
38 years$1,380$893$560$342$205$36
39 years$1,330$849$525$316$186$31
40 years$1,282$808$492$291$169$27
41 years$1,237$769$461$269$153$23
42 years$1,194$732$432$248$139$20
43 years$1,153$698$406$229$126$17
44 years$1,114$665$381$211$115$15
45 years$1,077$634$358$195$104$12
46 years$1,042$605$336$180$94$11
47 years$1,008$577$316$167$86$9
48 years$976$551$297$154$78$8
49 years$945$526$279$142$71$7
50 years$916$503$262$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $938,000, adding $2,838 every year, while hoping to spend $59,390 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: 31/40/29 Blend
49$938,000$938,000$938,000$938,000
50$1,036,603$986,889$972,350$1,059,473
51$1,079,146$972,056$941,734$1,062,635
52$1,124,038$954,506$908,101$1,060,648
53$1,171,456$934,043$871,288$1,057,352
54$1,221,593$910,459$831,124$1,052,675
55$1,274,658$883,535$787,430$1,046,544
56$1,330,883$853,038$740,019$1,038,882
57$1,390,519$818,722$688,695$1,029,615
58$1,453,840$780,328$633,254$1,018,666
59$1,521,146$737,578$573,483$1,005,958
60$1,592,767$690,183$509,158$991,415
61$1,669,062$637,835$440,048$974,960
62$1,750,424$580,207$365,907$956,519
63$1,837,286$516,955$286,483$936,018
64$1,930,119$447,716$201,511$913,388
65$2,029,443$372,106$110,713$888,560
66$2,135,824$289,718$13,801$861,474
67$2,249,888$200,123$0$832,070
68$2,372,316$102,869$0$828,030
69$2,503,859$0$0$827,940
70$2,645,341$0$0$828,705
71$2,797,667$0$0$878,379
72$2,961,828$0$0$932,023
73$3,138,916$0$0$990,007
74$3,330,128$0$0$1,052,736
75$3,536,782$0$0$1,120,659
76$3,760,325$0$0$1,194,267
77$4,002,347$0$0$1,274,101
78$4,264,597$0$0$1,360,755
79$4,548,998$0$0$1,454,885
80$4,857,665$0$0$1,557,208
81$5,192,922$0$0$1,668,517
82$5,557,328$0$0$1,789,683
83$5,953,698$0$0$1,921,663
84$6,385,128$0$0$2,065,513
85$6,855,024$0$0$2,222,392
86$7,367,136$0$0$2,393,578
87$7,925,590$0$0$2,580,477
88$8,534,927$0$0$2,784,636
89$9,200,145$0$0$3,007,759
90$9,926,747$0$0$3,251,722
91$10,720,790$0$0$3,518,590
92$11,588,944$0$0$3,810,638
93$12,538,550$0$0$4,130,369
94$13,577,694$0$0$4,480,540
95$14,715,276$0$0$4,864,188
96$15,961,101$0$0$5,284,657
97$17,325,963$0$0$5,745,630
98$18,821,752$0$0$6,251,163
99$20,461,560$0$0$6,805,724
100$22,259,807$0$0$7,414,235