Can I retire at age 50 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$77,872$77,178$76,502$75,841$75,196$72,557
2 years$38,551$37,833$37,137$36,462$35,808$33,176
3 years$25,445$24,724$24,030$23,362$22,718$20,177
4 years$18,894$18,175$17,488$16,831$16,203$13,772
5 years$14,964$14,249$13,571$12,928$12,317$10,003
6 years$12,345$11,636$10,967$10,338$9,746$7,550
7 years$10,475$9,772$9,114$8,500$7,926$5,848
8 years$9,073$8,376$7,729$7,130$6,575$4,613
9 years$7,983$7,293$6,657$6,073$5,537$3,689
10 years$7,112$6,428$5,804$5,235$4,718$2,980
11 years$6,399$5,723$5,110$4,556$4,058$2,427
12 years$5,806$5,136$4,535$3,996$3,516$1,988
13 years$5,305$4,642$4,052$3,528$3,066$1,637
14 years$4,875$4,219$3,640$3,132$2,688$1,354
15 years$4,503$3,854$3,287$2,793$2,367$1,123
16 years$4,178$3,536$2,980$2,501$2,092$934
17 years$3,891$3,257$2,712$2,247$1,855$778
18 years$3,637$3,009$2,475$2,025$1,649$650
19 years$3,409$2,789$2,266$1,830$1,470$543
20 years$3,205$2,592$2,080$1,657$1,313$455
21 years$3,020$2,414$1,913$1,504$1,175$381
22 years$2,853$2,254$1,763$1,368$1,053$320
23 years$2,700$2,108$1,628$1,245$945$268
24 years$2,560$1,975$1,505$1,136$850$225
25 years$2,431$1,853$1,394$1,037$765$189
26 years$2,313$1,742$1,293$949$689$159
27 years$2,203$1,639$1,201$868$621$134
28 years$2,102$1,545$1,116$795$560$113
29 years$2,007$1,457$1,039$729$506$95
30 years$1,920$1,376$968$669$457$80
31 years$1,837$1,301$902$615$413$67
32 years$1,761$1,231$842$565$374$56
33 years$1,689$1,166$786$520$338$48
34 years$1,621$1,105$734$478$306$40
35 years$1,558$1,048$687$440$277$34
36 years$1,498$995$642$405$251$28
37 years$1,441$945$601$373$228$24
38 years$1,388$898$563$344$207$20
39 years$1,337$854$527$317$187$17
40 years$1,289$812$494$293$170$14
41 years$1,244$773$464$270$154$12
42 years$1,201$736$435$249$140$10
43 years$1,160$702$408$230$127$9
44 years$1,120$669$383$212$115$7
45 years$1,083$638$360$196$105$6
46 years$1,048$608$338$181$95$5
47 years$1,014$581$317$167$86$4
48 years$981$554$298$155$78$4
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $943,000, adding $5,685 every year, while hoping to spend $54,202 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: 81/14/5 Blend
49$943,000$943,000$943,000$943,000
50$1,045,050$995,071$980,455$1,129,099
51$1,093,975$986,159$955,629$1,175,970
52$1,146,073$974,994$928,156$1,219,580
53$1,201,611$961,407$897,888$1,265,766
54$1,260,882$945,223$864,673$1,314,755
55$1,324,204$926,251$828,352$1,366,797
56$1,391,929$904,293$788,758$1,422,166
57$1,464,440$879,138$745,716$1,481,166
58$1,542,159$850,562$699,044$1,544,131
59$1,625,549$818,329$648,551$1,611,429
60$1,715,116$782,188$594,038$1,683,466
61$1,811,417$741,875$535,298$1,760,689
62$1,915,064$697,109$472,113$1,843,593
63$2,026,728$647,594$404,256$1,932,721
64$2,147,146$593,018$331,490$2,028,673
65$2,277,127$533,049$253,568$2,132,111
66$2,417,563$467,336$170,231$2,243,765
67$2,569,430$395,511$81,209$2,364,440
68$2,733,804$317,183$0$2,495,024
69$2,911,866$231,939$0$2,637,231
70$3,104,915$139,344$0$2,796,078
71$3,314,381$38,936$0$2,968,435
72$3,541,835$0$0$3,155,633
73$3,789,004$0$0$3,369,889
74$4,057,791$0$0$3,609,427
75$4,350,286$0$0$3,870,117
76$4,668,792$0$0$4,154,011
77$5,015,841$0$0$4,463,370
78$5,394,221$0$0$4,800,682
79$5,806,998$0$0$5,168,685
80$6,257,549$0$0$5,570,391
81$6,749,591$0$0$6,009,118
82$7,287,215$0$0$6,488,517
83$7,874,926$0$0$7,012,609
84$8,517,681$0$0$7,585,820
85$9,220,943$0$0$8,213,022
86$9,990,723$0$0$8,899,583
87$10,833,642$0$0$9,651,412
88$11,756,990$0$0$10,475,015
89$12,768,796$0$0$11,377,559
90$13,877,903$0$0$12,366,937
91$15,094,051$0$0$13,451,840
92$16,427,964$0$0$14,641,843
93$17,891,457$0$0$15,947,491
94$19,497,543$0$0$17,380,398
95$21,260,557$0$0$18,953,359
96$23,196,288$0$0$20,680,467
97$25,322,128$0$0$22,577,248
98$27,657,239$0$0$24,660,801
99$30,222,726$0$0$26,949,969
100$33,041,844$0$0$29,465,505