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%15.5%
1 years$77,542$76,851$76,177$75,519$74,877$73,186
2 years$38,387$37,672$36,979$36,307$35,656$33,961
3 years$25,337$24,619$23,928$23,263$22,622$20,976
4 years$18,813$18,098$17,413$16,759$16,134$14,550
5 years$14,900$14,189$13,514$12,873$12,265$10,748
6 years$12,292$11,586$10,921$10,294$9,705$8,256
7 years$10,430$9,730$9,075$8,464$7,892$6,512
8 years$9,034$8,340$7,697$7,100$6,548$5,235
9 years$7,949$7,262$6,629$6,048$5,514$4,268
10 years$7,082$6,401$5,779$5,213$4,698$3,518
11 years$6,372$5,698$5,088$4,537$4,041$2,924
12 years$5,781$5,115$4,516$3,979$3,502$2,447
13 years$5,282$4,622$4,034$3,513$3,053$2,059
14 years$4,854$4,201$3,625$3,119$2,677$1,740
15 years$4,484$3,838$3,273$2,781$2,357$1,476
16 years$4,160$3,521$2,967$2,490$2,083$1,256
17 years$3,875$3,243$2,700$2,238$1,847$1,072
18 years$3,621$2,997$2,465$2,017$1,642$916
19 years$3,395$2,777$2,256$1,822$1,464$785
20 years$3,191$2,581$2,071$1,650$1,307$673
21 years$3,007$2,404$1,905$1,498$1,170$578
22 years$2,840$2,244$1,756$1,362$1,049$497
23 years$2,688$2,099$1,621$1,240$941$428
24 years$2,549$1,966$1,499$1,131$846$369
25 years$2,421$1,845$1,388$1,033$761$318
26 years$2,303$1,734$1,288$945$686$274
27 years$2,194$1,632$1,196$865$618$237
28 years$2,093$1,538$1,112$792$558$204
29 years$1,999$1,451$1,034$726$504$176
30 years$1,911$1,370$964$667$455$152
31 years$1,830$1,295$898$612$412$132
32 years$1,753$1,226$838$563$372$114
33 years$1,682$1,161$783$517$337$98
34 years$1,614$1,100$731$476$305$85
35 years$1,551$1,043$684$438$276$74
36 years$1,491$990$639$404$250$64
37 years$1,435$941$599$372$227$55
38 years$1,382$894$561$343$206$48
39 years$1,331$850$525$316$187$41
40 years$1,284$809$492$292$169$36
41 years$1,238$770$462$269$153$31
42 years$1,195$733$433$248$139$27
43 years$1,155$699$406$229$126$23
44 years$1,116$666$381$212$115$20
45 years$1,079$635$358$195$104$17
46 years$1,043$606$336$180$95$15
47 years$1,009$578$316$167$86$13
48 years$977$552$297$154$78$11
49 years$946$527$279$142$71$10
50 years$917$503$262$132$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $939,000, adding $3,005 every year, while hoping to spend $28,702 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: 41/34/25 Blend
49$939,000$939,000$939,000$939,000
50$1,037,878$988,111$973,556$1,072,689
51$1,113,202$1,005,989$975,632$1,115,884
52$1,195,248$1,023,782$976,815$1,159,670
53$1,284,671$1,041,455$977,045$1,206,501
54$1,382,191$1,058,969$976,259$1,256,675
55$1,488,602$1,076,287$974,392$1,310,518
56$1,604,778$1,093,363$971,373$1,368,392
57$1,731,681$1,110,154$967,129$1,430,697
58$1,870,369$1,126,608$961,585$1,497,872
59$2,022,008$1,142,673$954,659$1,570,406
60$2,187,882$1,158,293$946,269$1,648,837
61$2,369,402$1,173,406$936,326$1,733,758
62$2,568,127$1,187,948$924,738$1,825,825
63$2,785,768$1,201,849$911,409$1,925,765
64$3,024,212$1,215,036$896,237$2,034,375
65$3,285,539$1,227,430$879,118$2,152,541
66$3,572,035$1,238,946$859,940$2,281,237
67$3,886,223$1,249,494$838,588$2,421,541
68$4,230,877$1,258,979$814,941$2,574,642
69$4,609,057$1,267,299$788,871$2,741,852
70$5,024,130$1,274,346$760,247$2,924,620
71$5,479,806$1,280,003$728,930$3,124,546
72$5,980,172$1,284,150$694,775$3,343,395
73$6,529,731$1,286,654$657,631$3,583,116
74$7,133,441$1,287,378$617,340$3,845,859
75$7,796,766$1,286,174$573,735$4,133,998
76$8,525,726$1,282,886$526,645$4,450,153
77$9,326,951$1,277,348$475,889$4,797,213
78$10,207,746$1,269,385$421,277$5,178,367
79$11,176,160$1,258,808$362,614$5,597,135
80$12,241,060$1,245,421$299,693$6,057,400
81$13,412,215$1,229,014$232,299$6,563,444
82$14,700,388$1,209,363$160,209$7,119,995
83$16,117,440$1,186,233$83,187$7,732,265
84$17,676,435$1,159,375$990$8,406,007
85$19,391,771$1,128,524$0$9,147,565
86$21,279,309$1,093,400$0$9,987,072
87$23,356,529$1,053,706$0$10,910,898
88$25,642,686$1,009,129$0$11,927,369
89$28,159,002$959,338$0$13,045,951
90$30,928,855$903,981$0$14,277,084
91$33,978,009$842,686$0$15,632,274
92$37,334,850$775,063$0$17,124,206
93$41,030,659$700,694$0$18,766,865
94$45,099,901$619,143$0$20,575,667
95$49,580,556$529,946$0$22,567,604
96$54,514,471$432,612$0$24,761,409
97$59,947,763$326,626$0$27,177,734
98$65,931,243$211,439$0$29,839,340
99$72,520,906$86,476$0$32,771,321
100$79,778,452$0$0$36,001,336