Can I retire at age 50 with 939,000?

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 $939,000?

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$77,542$76,851$76,177$75,519$74,877$72,480
2 years$38,387$37,672$36,979$36,307$35,656$33,263
3 years$25,337$24,619$23,928$23,263$22,622$20,308
4 years$18,813$18,098$17,413$16,759$16,134$13,917
5 years$14,900$14,189$13,514$12,873$12,265$10,151
6 years$12,292$11,586$10,921$10,294$9,705$7,696
7 years$10,430$9,730$9,075$8,464$7,892$5,988
8 years$9,034$8,340$7,697$7,100$6,548$4,746
9 years$7,949$7,262$6,629$6,048$5,514$3,814
10 years$7,082$6,401$5,779$5,213$4,698$3,097
11 years$6,372$5,698$5,088$4,537$4,041$2,535
12 years$5,781$5,115$4,516$3,979$3,502$2,088
13 years$5,282$4,622$4,034$3,513$3,053$1,729
14 years$4,854$4,201$3,625$3,119$2,677$1,437
15 years$4,484$3,838$3,273$2,781$2,357$1,199
16 years$4,160$3,521$2,967$2,490$2,083$1,003
17 years$3,875$3,243$2,700$2,238$1,847$841
18 years$3,621$2,997$2,465$2,017$1,642$706
19 years$3,395$2,777$2,256$1,822$1,464$594
20 years$3,191$2,581$2,071$1,650$1,307$500
21 years$3,007$2,404$1,905$1,498$1,170$422
22 years$2,840$2,244$1,756$1,362$1,049$356
23 years$2,688$2,099$1,621$1,240$941$301
24 years$2,549$1,966$1,499$1,131$846$254
25 years$2,421$1,845$1,388$1,033$761$215
26 years$2,303$1,734$1,288$945$686$182
27 years$2,194$1,632$1,196$865$618$154
28 years$2,093$1,538$1,112$792$558$130
29 years$1,999$1,451$1,034$726$504$110
30 years$1,911$1,370$964$667$455$93
31 years$1,830$1,295$898$612$412$79
32 years$1,753$1,226$838$563$372$67
33 years$1,682$1,161$783$517$337$57
34 years$1,614$1,100$731$476$305$48
35 years$1,551$1,043$684$438$276$41
36 years$1,491$990$639$404$250$35
37 years$1,435$941$599$372$227$29
38 years$1,382$894$561$343$206$25
39 years$1,331$850$525$316$187$21
40 years$1,284$809$492$292$169$18
41 years$1,238$770$462$269$153$15
42 years$1,195$733$433$248$139$13
43 years$1,155$699$406$229$126$11
44 years$1,116$666$381$212$115$9
45 years$1,079$635$358$195$104$8
46 years$1,043$606$336$180$95$7
47 years$1,009$578$316$167$86$6
48 years$977$552$297$154$78$5
49 years$946$527$279$142$71$4
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $939,000, adding $5,845 every year, while hoping to spend $25,921 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: 70/20/10 Blend
49$939,000$939,000$939,000$939,000
50$1,040,807$991,040$976,486$1,111,209
51$1,119,390$1,012,021$981,618$1,179,601
52$1,205,119$1,033,162$986,054$1,250,700
53$1,298,696$1,054,442$989,742$1,327,807
54$1,400,894$1,075,841$992,629$1,411,509
55$1,512,563$1,097,335$994,660$1,502,450
56$1,634,639$1,118,898$995,775$1,601,342
57$1,768,151$1,140,504$995,913$1,708,966
58$1,914,236$1,162,121$995,009$1,826,186
59$2,074,142$1,183,719$992,996$1,953,952
60$2,249,244$1,205,261$989,801$2,093,310
61$2,441,059$1,226,711$985,352$2,245,413
62$2,651,254$1,248,027$979,568$2,411,532
63$2,881,668$1,269,166$972,369$2,593,067
64$3,134,322$1,290,079$963,668$2,791,560
65$3,411,448$1,310,718$953,375$3,008,710
66$3,715,499$1,331,026$941,397$3,246,392
67$4,049,180$1,350,947$927,634$3,506,667
68$4,415,469$1,370,416$911,982$3,791,810
69$4,817,648$1,389,368$894,335$4,104,328
70$5,259,331$1,407,730$874,578$4,446,981
71$5,744,500$1,425,425$852,593$4,822,813
72$6,277,540$1,442,373$828,257$5,235,177
73$6,863,284$1,458,484$801,438$5,687,770
74$7,507,056$1,473,666$772,003$6,184,663
75$8,214,719$1,487,819$739,808$6,730,346
76$8,992,735$1,500,837$704,706$7,329,766
77$9,848,222$1,512,606$666,542$7,988,373
78$10,789,023$1,523,006$625,154$8,712,176
79$11,823,778$1,531,908$580,372$9,507,795
80$12,962,009$1,539,177$532,019$10,382,529
81$14,214,203$1,544,666$479,911$11,344,419
82$15,591,918$1,548,221$423,855$12,402,327
83$17,107,888$1,549,678$363,648$13,566,022
84$18,776,144$1,548,863$299,081$14,846,268
85$20,612,143$1,545,591$229,933$16,254,929
86$22,632,921$1,539,664$155,975$17,805,081
87$24,857,246$1,530,874$76,967$19,511,134
88$27,305,799$1,519,001$0$21,388,967
89$30,001,367$1,503,808$0$23,456,869
90$32,969,060$1,485,049$0$25,742,158
91$36,236,546$1,462,458$0$28,257,902
92$39,834,311$1,435,756$0$31,027,560
93$43,795,950$1,404,647$0$34,076,983
94$48,158,480$1,368,818$0$37,434,662
95$52,962,692$1,327,937$0$41,131,992
96$58,253,532$1,281,651$0$45,203,572
97$64,080,531$1,229,591$0$49,687,530
98$70,498,265$1,171,361$0$54,625,886
99$77,566,876$1,106,546$0$60,064,944
100$85,352,636$1,034,705$0$66,055,735