Can I retire at age 50 with 943,000?

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 $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%18.9%
1 years$77,872$77,178$76,502$75,841$75,196$72,499
2 years$38,551$37,833$37,137$36,462$35,808$33,120
3 years$25,445$24,724$24,030$23,362$22,718$20,123
4 years$18,894$18,175$17,488$16,831$16,203$13,721
5 years$14,964$14,249$13,571$12,928$12,317$9,956
6 years$12,345$11,636$10,967$10,338$9,746$7,506
7 years$10,475$9,772$9,114$8,500$7,926$5,807
8 years$9,073$8,376$7,729$7,130$6,575$4,576
9 years$7,983$7,293$6,657$6,073$5,537$3,655
10 years$7,112$6,428$5,804$5,235$4,718$2,949
11 years$6,399$5,723$5,110$4,556$4,058$2,398
12 years$5,806$5,136$4,535$3,996$3,516$1,962
13 years$5,305$4,642$4,052$3,528$3,066$1,614
14 years$4,875$4,219$3,640$3,132$2,688$1,332
15 years$4,503$3,854$3,287$2,793$2,367$1,103
16 years$4,178$3,536$2,980$2,501$2,092$916
17 years$3,891$3,257$2,712$2,247$1,855$762
18 years$3,637$3,009$2,475$2,025$1,649$636
19 years$3,409$2,789$2,266$1,830$1,470$531
20 years$3,205$2,592$2,080$1,657$1,313$444
21 years$3,020$2,414$1,913$1,504$1,175$371
22 years$2,853$2,254$1,763$1,368$1,053$311
23 years$2,700$2,108$1,628$1,245$945$260
24 years$2,560$1,975$1,505$1,136$850$218
25 years$2,431$1,853$1,394$1,037$765$183
26 years$2,313$1,742$1,293$949$689$154
27 years$2,203$1,639$1,201$868$621$129
28 years$2,102$1,545$1,116$795$560$108
29 years$2,007$1,457$1,039$729$506$91
30 years$1,920$1,376$968$669$457$77
31 years$1,837$1,301$902$615$413$64
32 years$1,761$1,231$842$565$374$54
33 years$1,689$1,166$786$520$338$45
34 years$1,621$1,105$734$478$306$38
35 years$1,558$1,048$687$440$277$32
36 years$1,498$995$642$405$251$27
37 years$1,441$945$601$373$228$23
38 years$1,388$898$563$344$207$19
39 years$1,337$854$527$317$187$16
40 years$1,289$812$494$293$170$13
41 years$1,244$773$464$270$154$11
42 years$1,201$736$435$249$140$10
43 years$1,160$702$408$230$127$8
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$3
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $943,000, adding $4,724 every year, while hoping to spend $45,804 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: 65/14/21 Blend
49$943,000$943,000$943,000$943,000
50$1,044,059$994,080$979,463$1,106,037
51$1,101,818$994,055$963,540$1,148,249
52$1,163,933$992,493$945,549$1,188,731
53$1,230,800$989,271$925,371$1,231,903
54$1,302,855$984,259$902,883$1,278,030
55$1,380,574$977,315$877,958$1,327,406
56$1,464,482$968,294$850,460$1,380,356
57$1,555,157$957,038$820,247$1,437,240
58$1,653,231$943,381$787,174$1,498,455
59$1,759,402$927,147$751,085$1,564,441
60$1,874,434$908,151$711,820$1,635,685
61$1,999,171$886,194$669,210$1,712,724
62$2,134,537$861,068$623,079$1,796,152
63$2,281,551$832,552$573,244$1,886,628
64$2,441,333$800,411$519,511$1,984,876
65$2,615,115$764,398$461,682$2,091,701
66$2,804,254$724,250$399,545$2,207,989
67$3,010,240$679,690$332,881$2,334,721
68$3,234,715$630,426$261,464$2,472,979
69$3,479,486$576,146$185,052$2,623,962
70$3,746,540$516,525$103,399$2,788,990
71$4,038,067$451,214$16,242$2,969,525
72$4,356,474$379,848$0$3,167,179
73$4,704,415$302,041$0$3,400,936
74$5,084,809$217,384$0$3,660,564
75$5,500,870$125,447$0$3,944,658
76$5,956,137$25,772$0$4,255,685
77$6,454,509$0$0$4,596,368
78$7,000,276$0$0$4,982,355
79$7,598,164$0$0$5,409,616
80$8,253,379$0$0$5,877,909
81$8,971,652$0$0$6,391,337
82$9,759,296$0$0$6,954,422
83$10,623,265$0$0$7,572,144
84$11,571,217$0$0$8,249,987
85$12,611,589$0$0$8,993,993
86$13,753,671$0$0$9,810,817
87$15,007,701$0$0$10,707,789
88$16,384,952$0$0$11,692,984
89$17,897,848$0$0$12,775,299
90$19,560,070$0$0$13,964,533
91$21,386,692$0$0$15,271,483
92$23,394,323$0$0$16,708,043
93$25,601,256$0$0$18,287,316
94$28,027,649$0$0$20,023,739
95$30,695,709$0$0$21,933,218
96$33,629,902$0$0$24,033,276
97$36,857,185$0$0$26,343,220
98$40,407,257$0$0$28,884,322
99$44,312,841$0$0$31,680,021
100$48,609,992$0$0$34,756,141