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%14%
1 years$77,624$76,933$76,258$75,600$74,957$73,715
2 years$38,428$37,712$37,019$36,346$35,694$34,446
3 years$25,364$24,645$23,953$23,287$22,646$21,431
4 years$18,834$18,117$17,432$16,777$16,151$14,979
5 years$14,916$14,204$13,528$12,886$12,278$11,152
6 years$12,305$11,599$10,933$10,305$9,715$8,636
7 years$10,441$9,740$9,085$8,473$7,901$6,870
8 years$9,044$8,349$7,705$7,108$6,555$5,571
9 years$7,958$7,270$6,636$6,054$5,520$4,583
10 years$7,089$6,408$5,786$5,219$4,703$3,812
11 years$6,379$5,704$5,094$4,542$4,045$3,199
12 years$5,788$5,120$4,520$3,984$3,505$2,703
13 years$5,288$4,627$4,039$3,517$3,057$2,297
14 years$4,859$4,206$3,629$3,122$2,679$1,961
15 years$4,489$3,842$3,276$2,784$2,359$1,681
16 years$4,165$3,525$2,970$2,493$2,085$1,446
17 years$3,879$3,246$2,703$2,240$1,849$1,247
18 years$3,625$3,000$2,467$2,019$1,644$1,078
19 years$3,399$2,780$2,259$1,824$1,465$933
20 years$3,195$2,584$2,073$1,652$1,309$810
21 years$3,011$2,406$1,907$1,499$1,171$704
22 years$2,843$2,246$1,757$1,363$1,050$612
23 years$2,691$2,101$1,623$1,242$942$533
24 years$2,552$1,968$1,501$1,132$847$465
25 years$2,423$1,847$1,390$1,034$762$405
26 years$2,305$1,736$1,289$946$687$354
27 years$2,196$1,634$1,197$865$619$309
28 years$2,095$1,540$1,113$793$559$270
29 years$2,001$1,452$1,036$727$504$236
30 years$1,913$1,372$965$667$456$207
31 years$1,832$1,297$899$613$412$181
32 years$1,755$1,227$839$563$373$158
33 years$1,683$1,162$783$518$337$139
34 years$1,616$1,101$732$477$305$121
35 years$1,553$1,045$684$439$277$106
36 years$1,493$991$640$404$251$93
37 years$1,437$942$599$372$227$82
38 years$1,383$895$561$343$206$71
39 years$1,333$851$526$316$187$63
40 years$1,285$810$493$292$169$55
41 years$1,240$771$462$269$154$48
42 years$1,197$734$433$248$139$42
43 years$1,156$699$407$229$127$37
44 years$1,117$667$382$212$115$32
45 years$1,080$636$358$196$104$28
46 years$1,044$606$337$181$95$25
47 years$1,011$579$316$167$86$22
48 years$978$552$297$154$78$19
49 years$947$528$279$143$71$17
50 years$918$504$263$132$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $940,000, adding $3,737 every year, while hoping to spend $39,143 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: 44/50/6 Blend
49$940,000$940,000$940,000$940,000
50$1,039,735$989,915$975,345$1,083,563
51$1,104,140$996,773$966,371$1,121,080
52$1,173,802$1,002,655$955,785$1,157,381
53$1,249,217$1,007,472$943,490$1,195,809
54$1,330,928$1,011,129$929,388$1,236,572
55$1,419,534$1,013,526$913,374$1,279,902
56$1,515,693$1,014,555$895,338$1,326,055
57$1,620,128$1,014,102$875,166$1,375,315
58$1,733,635$1,012,047$852,739$1,427,996
59$1,857,090$1,008,261$827,929$1,484,449
60$1,991,456$1,002,609$800,607$1,545,061
61$2,137,792$994,945$770,636$1,610,263
62$2,297,266$985,116$737,872$1,680,530
63$2,471,162$972,961$702,165$1,756,390
64$2,660,891$958,307$663,358$1,838,429
65$2,868,009$940,971$621,287$1,927,296
66$3,094,228$920,761$575,783$2,023,707
67$3,341,432$897,471$526,664$2,128,459
68$3,611,697$870,886$473,746$2,242,433
69$3,907,305$840,775$416,832$2,366,604
70$4,230,773$806,895$355,719$2,502,052
71$4,584,870$768,991$290,193$2,649,971
72$4,972,645$726,790$220,033$2,811,684
73$5,397,457$680,005$145,006$2,988,656
74$5,863,004$628,332$64,871$3,182,504
75$6,373,360$571,449$0$3,395,020
76$6,933,010$509,018$0$3,629,506
77$7,546,897$440,679$0$3,891,351
78$8,220,461$366,053$0$4,178,835
79$8,959,698$284,740$0$4,494,655
80$9,771,210$196,316$0$4,841,792
81$10,662,273$100,334$0$5,223,538
82$11,640,897$0$0$5,643,531
83$12,715,909$0$0$6,107,812
84$13,897,033$0$0$6,678,692
85$15,194,982$0$0$7,306,160
86$16,621,555$0$0$7,995,937
87$18,189,754$0$0$8,754,325
88$19,913,903$0$0$9,588,266
89$21,809,782$0$0$10,505,411
90$23,894,777$0$0$11,514,188
91$26,188,044$0$0$12,623,882
92$28,710,689$0$0$13,844,725
93$31,485,965$0$0$15,187,991
94$34,539,492$0$0$16,666,099
95$37,899,501$0$0$18,292,736
96$41,597,096$0$0$20,082,980
97$45,666,549$0$0$22,053,448
98$50,145,622$0$0$24,222,447
99$55,075,925$0$0$26,610,149
100$60,503,305$0$0$29,238,782