Can I retire at age 50 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$77,624$76,933$76,258$75,600$74,957$72,154
2 years$38,428$37,712$37,019$36,346$35,694$32,902
3 years$25,364$24,645$23,953$23,287$22,646$19,953
4 years$18,834$18,117$17,432$16,777$16,151$13,578
5 years$14,916$14,204$13,528$12,886$12,278$9,830
6 years$12,305$11,599$10,933$10,305$9,715$7,396
7 years$10,441$9,740$9,085$8,473$7,901$5,709
8 years$9,044$8,349$7,705$7,108$6,555$4,488
9 years$7,958$7,270$6,636$6,054$5,520$3,575
10 years$7,089$6,408$5,786$5,219$4,703$2,877
11 years$6,379$5,704$5,094$4,542$4,045$2,334
12 years$5,788$5,120$4,520$3,984$3,505$1,905
13 years$5,288$4,627$4,039$3,517$3,057$1,562
14 years$4,859$4,206$3,629$3,122$2,679$1,286
15 years$4,489$3,842$3,276$2,784$2,359$1,062
16 years$4,165$3,525$2,970$2,493$2,085$879
17 years$3,879$3,246$2,703$2,240$1,849$730
18 years$3,625$3,000$2,467$2,019$1,644$606
19 years$3,399$2,780$2,259$1,824$1,465$505
20 years$3,195$2,584$2,073$1,652$1,309$421
21 years$3,011$2,406$1,907$1,499$1,171$351
22 years$2,843$2,246$1,757$1,363$1,050$293
23 years$2,691$2,101$1,623$1,242$942$245
24 years$2,552$1,968$1,501$1,132$847$205
25 years$2,423$1,847$1,390$1,034$762$171
26 years$2,305$1,736$1,289$946$687$143
27 years$2,196$1,634$1,197$865$619$120
28 years$2,095$1,540$1,113$793$559$100
29 years$2,001$1,452$1,036$727$504$84
30 years$1,913$1,372$965$667$456$70
31 years$1,832$1,297$899$613$412$59
32 years$1,755$1,227$839$563$373$49
33 years$1,683$1,162$783$518$337$41
34 years$1,616$1,101$732$477$305$35
35 years$1,553$1,045$684$439$277$29
36 years$1,493$991$640$404$251$24
37 years$1,437$942$599$372$227$20
38 years$1,383$895$561$343$206$17
39 years$1,333$851$526$316$187$14
40 years$1,285$810$493$292$169$12
41 years$1,240$771$462$269$154$10
42 years$1,197$734$433$248$139$8
43 years$1,156$699$407$229$127$7
44 years$1,117$667$382$212$115$6
45 years$1,080$636$358$196$104$5
46 years$1,044$606$337$181$95$4
47 years$1,011$579$316$167$86$3
48 years$978$552$297$154$78$3
49 years$947$528$279$143$71$2
50 years$918$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $940,000, adding $5,283 every year, while hoping to spend $53,342 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: 69/18/13 Blend
49$940,000$940,000$940,000$940,000
50$1,041,329$991,509$976,939$1,109,824
51$1,090,790$983,338$952,911$1,147,859
52$1,143,507$972,978$926,291$1,182,561
53$1,199,757$960,267$896,934$1,219,142
54$1,259,843$945,030$864,692$1,257,780
55$1,324,095$927,085$829,407$1,298,671
56$1,392,877$906,237$790,917$1,342,033
57$1,466,587$882,279$749,049$1,388,106
58$1,545,662$854,994$703,625$1,437,158
59$1,630,582$824,150$654,459$1,489,485
60$1,721,872$789,504$601,354$1,545,415
61$1,820,110$750,797$544,107$1,605,311
62$1,925,931$707,756$482,504$1,669,575
63$2,040,030$660,091$416,322$1,738,652
64$2,163,174$607,496$345,330$1,813,036
65$2,296,203$549,649$269,284$1,893,272
66$2,440,042$486,207$187,930$1,979,965
67$2,595,705$416,810$101,004$2,073,783
68$2,764,309$341,075$8,230$2,175,467
69$2,947,081$258,601$0$2,285,835
70$3,145,372$168,962$0$2,418,384
71$3,360,666$71,707$0$2,563,562
72$3,594,596$0$0$2,721,377
73$3,848,957$0$0$2,899,764
74$4,125,727$0$0$3,109,366
75$4,427,078$0$0$3,337,633
76$4,755,404$0$0$3,586,384
77$5,113,336$0$0$3,857,619
78$5,503,774$0$0$4,153,540
79$5,929,907$0$0$4,476,573
80$6,395,244$0$0$4,829,385
81$6,903,651$0$0$5,214,915
82$7,459,382$0$0$5,636,395
83$8,067,122$0$0$6,097,388
84$8,732,028$0$0$6,601,814
85$9,459,780$0$0$7,153,990
86$10,256,631$0$0$7,758,669
87$11,129,466$0$0$8,421,088
88$12,085,871$0$0$9,147,010
89$13,134,197$0$0$9,942,787
90$14,283,642$0$0$10,815,410
91$15,544,339$0$0$11,772,582
92$16,927,445$0$0$12,822,787
93$18,445,251$0$0$13,975,369
94$20,111,297$0$0$15,240,621
95$21,940,495$0$0$16,629,881
96$23,949,274$0$0$18,155,640
97$26,155,730$0$0$19,831,655
98$28,579,799$0$0$21,673,084
99$31,243,442$0$0$23,696,625
100$34,170,855$0$0$25,920,673