Can I retire at age 50 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$77,707$77,015$76,339$75,680$75,037$73,015
2 years$38,469$37,752$37,058$36,385$35,732$33,710
3 years$25,391$24,672$23,979$23,312$22,670$20,710
4 years$18,854$18,136$17,451$16,795$16,168$14,286
5 years$14,932$14,219$13,542$12,900$12,291$10,492
6 years$12,319$11,611$10,944$10,316$9,725$8,011
7 years$10,453$9,751$9,095$8,482$7,909$6,280
8 years$9,054$8,358$7,713$7,115$6,562$5,016
9 years$7,966$7,277$6,643$6,060$5,526$4,062
10 years$7,097$6,415$5,792$5,224$4,708$3,325
11 years$6,386$5,711$5,099$4,547$4,049$2,745
12 years$5,794$5,125$4,525$3,988$3,509$2,280
13 years$5,293$4,632$4,043$3,521$3,060$1,905
14 years$4,865$4,210$3,633$3,125$2,682$1,598
15 years$4,493$3,846$3,280$2,787$2,362$1,345
16 years$4,169$3,529$2,974$2,496$2,087$1,136
17 years$3,883$3,250$2,706$2,242$1,851$961
18 years$3,629$3,003$2,470$2,021$1,646$815
19 years$3,402$2,783$2,261$1,826$1,467$692
20 years$3,198$2,586$2,075$1,654$1,310$589
21 years$3,014$2,409$1,909$1,501$1,172$502
22 years$2,847$2,249$1,759$1,365$1,051$428
23 years$2,694$2,103$1,624$1,243$943$365
24 years$2,554$1,971$1,502$1,134$848$312
25 years$2,426$1,849$1,391$1,035$763$266
26 years$2,308$1,738$1,290$947$687$228
27 years$2,199$1,636$1,198$866$620$195
28 years$2,097$1,541$1,114$794$559$167
29 years$2,003$1,454$1,037$728$505$143
30 years$1,915$1,373$966$668$456$122
31 years$1,834$1,298$900$614$412$105
32 years$1,757$1,228$840$564$373$90
33 years$1,685$1,163$784$519$338$77
34 years$1,618$1,102$733$477$306$66
35 years$1,554$1,046$685$439$277$56
36 years$1,495$992$641$404$251$48
37 years$1,438$943$600$373$227$41
38 years$1,385$896$562$344$206$36
39 years$1,334$852$526$317$187$30
40 years$1,286$810$493$292$170$26
41 years$1,241$771$463$270$154$22
42 years$1,198$735$434$249$140$19
43 years$1,157$700$407$230$127$16
44 years$1,118$667$382$212$115$14
45 years$1,081$636$359$196$104$12
46 years$1,045$607$337$181$95$10
47 years$1,012$579$317$167$86$9
48 years$979$553$298$154$78$8
49 years$948$528$280$143$71$7
50 years$919$504$263$132$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $941,000, adding $2,162 every year, while hoping to spend $20,860 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: 83/9/8 Blend
49$941,000$941,000$941,000$941,000
50$1,039,212$989,339$974,754$1,124,317
51$1,123,017$1,015,622$985,213$1,206,557
52$1,214,671$1,042,493$995,324$1,293,826
53$1,314,952$1,069,960$1,005,052$1,389,013
54$1,424,718$1,098,029$1,014,362$1,492,900
55$1,544,913$1,126,706$1,023,217$1,606,347
56$1,676,576$1,155,997$1,031,577$1,730,303
57$1,820,852$1,185,907$1,039,400$1,865,813
58$1,979,003$1,216,440$1,046,644$2,014,026
59$2,152,416$1,247,600$1,053,261$2,176,208
60$2,342,622$1,279,392$1,059,204$2,353,757
61$2,551,304$1,311,816$1,064,422$2,548,207
62$2,780,318$1,344,877$1,068,862$2,761,253
63$3,031,708$1,378,574$1,072,467$2,994,760
64$3,307,726$1,412,907$1,075,178$3,250,781
65$3,610,852$1,447,877$1,076,934$3,531,580
66$3,943,816$1,483,481$1,077,669$3,839,651
67$4,309,630$1,519,716$1,077,316$4,177,740
68$4,711,609$1,556,579$1,075,802$4,548,874
69$5,153,405$1,594,063$1,073,053$4,956,388
70$5,639,042$1,632,162$1,068,991$5,403,954
71$6,172,954$1,670,868$1,063,531$5,895,620
72$6,760,025$1,710,170$1,056,589$6,435,847
73$7,405,637$1,750,057$1,048,074$7,029,546
74$8,115,717$1,790,516$1,037,890$7,682,133
75$8,896,799$1,831,530$1,025,938$8,399,572
76$9,756,080$1,873,082$1,012,114$9,188,437
77$10,701,489$1,915,152$996,309$10,055,969
78$11,741,764$1,957,717$978,408$11,010,149
79$12,886,532$2,000,753$958,293$12,059,771
80$14,146,400$2,044,232$935,837$13,214,522
81$15,533,055$2,088,122$910,911$14,485,082
82$17,059,378$2,132,391$883,377$15,883,213
83$18,739,556$2,177,000$853,092$17,421,880
84$20,589,226$2,221,908$819,906$19,115,369
85$22,625,618$2,267,072$783,663$20,979,420
86$24,867,714$2,312,442$744,199$23,031,381
87$27,336,434$2,357,965$701,343$25,290,364
88$30,054,828$2,403,583$654,916$27,777,435
89$33,048,296$2,449,234$604,731$30,515,803
90$36,344,825$2,494,850$550,593$33,531,046
91$39,975,258$2,540,357$492,298$36,851,348
92$43,973,576$2,585,677$429,632$40,507,770
93$48,377,230$2,630,725$362,374$44,534,537
94$53,227,485$2,675,407$290,291$48,969,365
95$58,569,813$2,719,627$213,140$53,853,818
96$64,454,321$2,763,276$130,668$59,233,696
97$70,936,227$2,806,241$42,610$65,159,470
98$78,076,375$2,848,400$0$71,686,760
99$85,941,815$2,889,621$0$78,881,242
100$94,606,432$2,929,764$0$86,810,238