Can I retire at age 50 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$77,789$77,097$76,421$75,761$75,116$73,630
2 years$38,510$37,792$37,097$36,423$35,770$34,278
3 years$25,418$24,698$24,004$23,337$22,694$21,244
4 years$18,874$18,155$17,469$16,813$16,185$14,789
5 years$14,948$14,234$13,557$12,914$12,304$10,964
6 years$12,332$11,623$10,956$10,327$9,736$8,454
7 years$10,464$9,761$9,104$8,491$7,918$6,694
8 years$9,063$8,367$7,721$7,123$6,568$5,403
9 years$7,975$7,285$6,650$6,067$5,532$4,424
10 years$7,104$6,421$5,798$5,230$4,713$3,662
11 years$6,393$5,717$5,104$4,551$4,054$3,057
12 years$5,800$5,131$4,530$3,992$3,513$2,570
13 years$5,299$4,637$4,047$3,525$3,063$2,173
14 years$4,870$4,215$3,636$3,129$2,685$1,845
15 years$4,498$3,850$3,283$2,790$2,364$1,573
16 years$4,173$3,533$2,977$2,498$2,089$1,345
17 years$3,887$3,253$2,709$2,245$1,853$1,153
18 years$3,633$3,006$2,473$2,023$1,647$991
19 years$3,406$2,786$2,264$1,828$1,468$853
20 years$3,202$2,589$2,077$1,656$1,312$736
21 years$3,017$2,412$1,911$1,503$1,174$636
22 years$2,850$2,251$1,761$1,366$1,052$549
23 years$2,697$2,105$1,626$1,244$944$476
24 years$2,557$1,973$1,504$1,135$849$412
25 years$2,429$1,851$1,393$1,036$764$357
26 years$2,310$1,740$1,292$948$688$310
27 years$2,201$1,637$1,200$867$620$269
28 years$2,100$1,543$1,115$795$560$233
29 years$2,005$1,456$1,038$729$505$203
30 years$1,918$1,375$967$669$457$176
31 years$1,836$1,299$901$614$413$153
32 years$1,759$1,230$841$564$373$133
33 years$1,687$1,164$785$519$338$116
34 years$1,619$1,104$734$478$306$101
35 years$1,556$1,047$686$440$277$88
36 years$1,496$994$642$405$251$76
37 years$1,440$944$600$373$228$66
38 years$1,386$897$562$344$206$58
39 years$1,336$853$527$317$187$50
40 years$1,288$811$494$292$170$44
41 years$1,242$772$463$270$154$38
42 years$1,199$736$434$249$140$33
43 years$1,158$701$408$230$127$29
44 years$1,119$668$383$212$115$25
45 years$1,082$637$359$196$104$22
46 years$1,047$608$337$181$95$19
47 years$1,013$580$317$167$86$17
48 years$980$554$298$155$78$14
49 years$949$529$280$143$71$13
50 years$920$505$263$132$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $942,000, adding $6,708 every year, while hoping to spend $55,584 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: 64/17/19 Blend
49$942,000$942,000$942,000$942,000
50$1,045,003$995,077$980,476$1,106,450
51$1,092,453$984,695$954,181$1,138,183
52$1,142,879$971,941$925,143$1,165,920
53$1,196,527$956,641$893,209$1,194,912
54$1,253,665$938,609$858,224$1,225,283
55$1,314,587$917,648$820,022$1,257,174
56$1,379,613$893,552$778,432$1,290,741
57$1,449,097$866,099$733,273$1,326,157
58$1,523,425$835,057$684,357$1,363,617
59$1,603,019$800,180$631,487$1,403,337
60$1,688,344$761,206$574,459$1,445,557
61$1,779,909$717,859$513,058$1,490,547
62$1,878,274$669,849$447,060$1,538,603
63$1,984,052$616,865$376,230$1,590,058
64$2,097,916$558,582$300,324$1,645,282
65$2,220,606$494,655$219,088$1,704,684
66$2,352,935$424,720$132,254$1,768,720
67$2,495,795$348,392$39,545$1,837,897
68$2,650,166$265,264$0$1,912,777
69$2,817,128$174,906$0$2,006,025
70$2,997,863$76,865$0$2,115,632
71$3,193,675$0$0$2,234,404
72$3,405,997$0$0$2,368,750
73$3,636,401$0$0$2,530,197
74$3,886,622$0$0$2,705,586
75$4,158,563$0$0$2,896,260
76$4,454,320$0$0$3,103,696
77$4,776,200$0$0$3,329,519
78$5,126,739$0$0$3,575,518
79$5,508,728$0$0$3,843,659
80$5,925,242$0$0$4,136,109
81$6,379,660$0$0$4,455,251
82$6,875,705$0$0$4,803,710
83$7,417,474$0$0$5,184,373
84$8,009,478$0$0$5,600,420
85$8,656,682$0$0$6,055,353
86$9,364,554$0$0$6,553,024
87$10,139,112$0$0$7,097,679
88$10,986,986$0$0$7,693,990
89$11,915,474$0$0$8,347,104
90$12,932,613$0$0$9,062,689
91$14,047,257$0$0$9,846,984
92$15,269,152$0$0$10,706,864
93$16,609,037$0$0$11,649,900
94$18,078,737$0$0$12,684,430
95$19,691,277$0$0$13,819,639
96$21,461,004$0$0$15,065,643
97$23,403,722$0$0$16,433,586
98$25,536,838$0$0$17,935,744
99$27,879,529$0$0$19,585,638
100$30,452,920$0$0$21,398,166