Can I retire at age 50 with 940,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$77,624$76,933$76,258$75,600$74,957$74,453
2 years$38,428$37,712$37,019$36,346$35,694$35,186
3 years$25,364$24,645$23,953$23,287$22,646$22,149
4 years$18,834$18,117$17,432$16,777$16,151$15,670
5 years$14,916$14,204$13,528$12,886$12,278$11,813
6 years$12,305$11,599$10,933$10,305$9,715$9,268
7 years$10,441$9,740$9,085$8,473$7,901$7,471
8 years$9,044$8,349$7,705$7,108$6,555$6,142
9 years$7,958$7,270$6,636$6,054$5,520$5,125
10 years$7,089$6,408$5,786$5,219$4,703$4,325
11 years$6,379$5,704$5,094$4,542$4,045$3,684
12 years$5,788$5,120$4,520$3,984$3,505$3,161
13 years$5,288$4,627$4,039$3,517$3,057$2,729
14 years$4,859$4,206$3,629$3,122$2,679$2,367
15 years$4,489$3,842$3,276$2,784$2,359$2,062
16 years$4,165$3,525$2,970$2,493$2,085$1,803
17 years$3,879$3,246$2,703$2,240$1,849$1,582
18 years$3,625$3,000$2,467$2,019$1,644$1,391
19 years$3,399$2,780$2,259$1,824$1,465$1,226
20 years$3,195$2,584$2,073$1,652$1,309$1,082
21 years$3,011$2,406$1,907$1,499$1,171$957
22 years$2,843$2,246$1,757$1,363$1,050$848
23 years$2,691$2,101$1,623$1,242$942$752
24 years$2,552$1,968$1,501$1,132$847$668
25 years$2,423$1,847$1,390$1,034$762$594
26 years$2,305$1,736$1,289$946$687$528
27 years$2,196$1,634$1,197$865$619$470
28 years$2,095$1,540$1,113$793$559$419
29 years$2,001$1,452$1,036$727$504$374
30 years$1,913$1,372$965$667$456$333
31 years$1,832$1,297$899$613$412$297
32 years$1,755$1,227$839$563$373$266
33 years$1,683$1,162$783$518$337$237
34 years$1,616$1,101$732$477$305$212
35 years$1,553$1,045$684$439$277$189
36 years$1,493$991$640$404$251$169
37 years$1,437$942$599$372$227$151
38 years$1,383$895$561$343$206$135
39 years$1,333$851$526$316$187$121
40 years$1,285$810$493$292$169$108
41 years$1,240$771$462$269$154$97
42 years$1,197$734$433$248$139$87
43 years$1,156$699$407$229$127$78
44 years$1,117$667$382$212$115$70
45 years$1,080$636$358$196$104$62
46 years$1,044$606$337$181$95$56
47 years$1,011$579$316$167$86$50
48 years$978$552$297$154$78$45
49 years$947$528$279$143$71$40
50 years$918$504$263$132$64$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $940,000, adding $6,232 every year, while hoping to spend $27,978 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: 67/10/23 Blend
49$940,000$940,000$940,000$940,000
50$1,042,308$992,488$977,918$1,105,626
51$1,118,855$1,011,352$980,910$1,167,763
52$1,202,273$1,030,202$983,065$1,231,919
53$1,293,231$1,049,009$984,324$1,301,428
54$1,392,470$1,067,739$984,628$1,376,817
55$1,500,801$1,086,358$983,913$1,458,669
56$1,619,121$1,104,828$982,112$1,547,625
57$1,748,415$1,123,108$979,156$1,644,391
58$1,889,767$1,141,154$974,972$1,749,747
59$2,044,372$1,158,919$969,482$1,864,551
60$2,213,545$1,176,353$962,606$1,989,750
61$2,398,734$1,193,402$954,261$2,126,387
62$2,601,533$1,210,007$944,358$2,275,614
63$2,823,700$1,226,107$932,803$2,438,697
64$3,067,166$1,241,636$919,501$2,617,035
65$3,334,063$1,256,522$904,351$2,812,170
66$3,626,736$1,270,690$887,245$3,025,799
67$3,947,768$1,284,059$868,073$3,259,796
68$4,300,005$1,296,542$846,718$3,516,225
69$4,686,582$1,308,049$823,059$3,797,362
70$5,110,951$1,318,481$796,969$4,105,716
71$5,576,915$1,327,734$768,315$4,444,052
72$6,088,664$1,335,696$736,957$4,815,419
73$6,650,813$1,342,251$702,750$5,223,178
74$7,268,446$1,347,271$665,542$5,671,033
75$7,947,163$1,350,623$625,174$6,163,068
76$8,693,136$1,352,166$581,480$6,703,785
77$9,513,162$1,351,748$534,285$7,298,146
78$10,414,731$1,349,210$483,410$7,951,620
79$11,406,093$1,344,381$428,664$8,670,238
80$12,496,340$1,337,081$369,849$9,460,645
81$13,695,486$1,327,117$306,759$10,330,168
82$15,014,568$1,314,289$239,178$11,286,881
83$16,465,744$1,298,379$166,880$12,339,686
84$18,062,410$1,279,159$89,630$13,498,395
85$19,819,326$1,256,389$7,184$14,773,821
86$21,752,757$1,229,811$0$16,177,885
87$23,880,620$1,199,154$0$17,743,556
88$26,222,662$1,164,131$0$19,468,656
89$28,800,638$1,124,438$0$21,367,452
90$31,638,520$1,079,753$0$23,457,609
91$34,762,724$1,029,735$0$25,758,594
92$38,202,354$974,024$0$28,291,858
93$41,989,481$912,238$0$31,081,040
94$46,159,446$843,976$0$34,152,191
95$50,751,190$768,811$0$37,534,016
96$55,807,621$686,292$0$41,258,149
97$61,376,021$595,944$0$45,359,451
98$67,508,493$497,263$0$49,876,337
99$74,262,450$389,719$0$54,851,140
100$81,701,154$272,749$0$60,330,512