Can I retire at age 50 with 941,000?

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 $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 $3,346 every year, while hoping to spend $45,145 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: 49/37/14 Blend
49$941,000$941,000$941,000$941,000
50$1,040,433$990,560$975,975$1,087,242
51$1,098,524$991,064$960,636$1,120,334
52$1,161,026$990,079$943,270$1,151,299
53$1,228,343$987,485$923,762$1,183,933
54$1,300,916$983,154$901,991$1,218,407
55$1,379,232$976,951$877,829$1,254,913
56$1,463,822$968,730$851,145$1,293,664
57$1,555,274$958,340$821,801$1,334,896
58$1,654,231$945,618$789,650$1,378,874
59$1,761,402$930,393$754,543$1,425,892
60$1,877,566$912,482$716,321$1,476,277
61$2,003,578$891,694$674,818$1,530,393
62$2,140,380$867,824$629,861$1,588,644
63$2,289,007$840,656$581,270$1,651,479
64$2,450,599$809,962$528,856$1,719,398
65$2,626,409$775,499$472,421$1,792,956
66$2,817,816$737,011$411,761$1,872,766
67$3,026,337$694,229$346,659$1,959,514
68$3,253,642$646,865$276,890$2,053,957
69$3,501,569$594,616$202,221$2,156,936
70$3,772,139$537,163$122,406$2,269,384
71$4,067,581$474,167$37,190$2,392,334
72$4,390,344$405,271$0$2,526,934
73$4,743,127$330,097$0$2,682,482
74$5,128,900$248,246$0$2,858,808
75$5,550,934$159,297$0$3,051,952
76$6,012,831$62,804$0$3,263,686
77$6,518,555$0$0$3,495,969
78$7,072,475$0$0$3,767,945
79$7,679,399$0$0$4,094,064
80$8,344,623$0$0$4,451,613
81$9,073,981$0$0$4,843,740
82$9,873,896$0$0$5,273,914
83$10,751,446$0$0$5,745,953
84$11,714,424$0$0$6,264,064
85$12,771,415$0$0$6,832,881
86$13,931,876$0$0$7,457,509
87$15,206,224$0$0$8,143,570
88$16,605,934$0$0$8,897,260
89$18,143,648$0$0$9,725,402
90$19,833,292$0$0$10,635,514
91$21,690,207$0$0$11,635,878
92$23,731,297$0$0$12,735,619
93$25,975,181$0$0$13,944,789
94$28,442,376$0$0$15,274,464
95$31,155,482$0$0$16,736,846
96$34,139,403$0$0$18,345,379
97$37,421,575$0$0$20,114,876
98$41,032,226$0$0$22,061,657
99$45,004,665$0$0$24,203,704
100$49,375,587$0$0$26,560,830