Can I retire at age 50 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$77,955$77,260$76,583$75,922$75,276$72,432
2 years$38,591$37,873$37,176$36,501$35,846$33,014
3 years$25,472$24,750$24,055$23,386$22,742$20,011
4 years$18,914$18,194$17,506$16,849$16,220$13,610
5 years$14,980$14,264$13,586$12,941$12,330$9,849
6 years$12,358$11,648$10,979$10,349$9,756$7,405
7 years$10,486$9,782$9,124$8,509$7,934$5,713
8 years$9,082$8,385$7,738$7,138$6,582$4,488
9 years$7,992$7,301$6,664$6,080$5,543$3,574
10 years$7,119$6,435$5,810$5,241$4,723$2,874
11 years$6,406$5,729$5,115$4,561$4,062$2,330
12 years$5,812$5,142$4,540$4,001$3,520$1,900
13 years$5,310$4,647$4,056$3,532$3,070$1,557
14 years$4,880$4,224$3,644$3,135$2,691$1,281
15 years$4,508$3,858$3,290$2,796$2,369$1,057
16 years$4,182$3,540$2,983$2,504$2,094$875
17 years$3,895$3,260$2,714$2,250$1,857$725
18 years$3,641$3,013$2,478$2,027$1,651$602
19 years$3,413$2,792$2,268$1,832$1,471$501
20 years$3,208$2,595$2,082$1,659$1,314$417
21 years$3,023$2,417$1,915$1,506$1,176$348
22 years$2,856$2,256$1,765$1,369$1,054$290
23 years$2,703$2,110$1,630$1,247$946$242
24 years$2,562$1,977$1,507$1,137$851$202
25 years$2,434$1,855$1,396$1,039$765$169
26 years$2,315$1,744$1,295$950$689$141
27 years$2,206$1,641$1,202$869$622$118
28 years$2,104$1,546$1,118$796$561$99
29 years$2,010$1,459$1,040$730$506$83
30 years$1,922$1,378$969$670$458$69
31 years$1,839$1,302$903$616$414$58
32 years$1,763$1,232$843$566$374$48
33 years$1,691$1,167$787$520$339$41
34 years$1,623$1,106$735$479$307$34
35 years$1,559$1,049$687$441$278$28
36 years$1,499$996$643$406$252$24
37 years$1,443$946$602$374$228$20
38 years$1,389$899$564$345$207$17
39 years$1,339$855$528$318$188$14
40 years$1,291$813$495$293$170$12
41 years$1,245$774$464$270$154$10
42 years$1,202$737$435$250$140$8
43 years$1,161$702$408$230$127$7
44 years$1,122$669$383$213$115$6
45 years$1,084$638$360$196$105$5
46 years$1,049$609$338$181$95$4
47 years$1,015$581$318$168$86$3
48 years$982$555$298$155$78$3
49 years$951$530$281$143$71$2
50 years$922$506$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $944,000, adding $4,145 every year, while hoping to spend $50,781 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: 78/13/9 Blend
49$944,000$944,000$944,000$944,000
50$1,044,564$994,532$979,900$1,124,254
51$1,097,078$989,233$958,696$1,171,885
52$1,153,248$981,973$935,079$1,217,131
53$1,213,391$972,601$908,916$1,265,272
54$1,277,858$960,960$880,066$1,316,575
55$1,347,033$946,880$848,381$1,371,334
56$1,421,336$930,183$813,708$1,429,872
57$1,501,231$910,681$775,887$1,492,546
58$1,587,226$888,173$734,748$1,559,750
59$1,679,877$862,448$690,116$1,631,917
60$1,779,797$833,281$641,808$1,709,528
61$1,887,660$800,435$589,631$1,793,110
62$2,004,203$763,658$533,386$1,883,245
63$2,130,240$722,686$472,863$1,980,578
64$2,266,663$677,236$407,842$2,085,816
65$2,414,455$627,013$338,097$2,199,741
66$2,574,694$571,701$263,388$2,323,218
67$2,748,567$510,968$183,465$2,457,197
68$2,937,379$444,464$98,070$2,602,729
69$3,142,567$371,818$6,931$2,760,973
70$3,365,710$292,638$0$2,933,206
71$3,608,545$206,510$0$3,129,514
72$3,872,985$112,998$0$3,344,050
73$4,161,133$11,638$0$3,577,895
74$4,475,305$0$0$3,832,972
75$4,818,049$0$0$4,125,429
76$5,192,170$0$0$4,446,506
77$5,600,757$0$0$4,797,191
78$6,047,207$0$0$5,180,406
79$6,535,262$0$0$5,599,367
80$7,069,044$0$0$6,057,615
81$7,653,088$0$0$6,559,048
82$8,292,389$0$0$7,107,959
83$8,992,447$0$0$7,709,076
84$9,759,319$0$0$8,367,604
85$10,599,676$0$0$9,089,276
86$11,520,864$0$0$9,880,406
87$12,530,974$0$0$10,747,949
88$13,638,917$0$0$11,699,562
89$14,854,508$0$0$12,743,683
90$16,188,559$0$0$13,889,603
91$17,652,978$0$0$15,147,558
92$19,260,883$0$0$16,528,822
93$21,026,725$0$0$18,045,817
94$22,966,421$0$0$19,712,223
95$25,097,508$0$0$21,543,113
96$27,439,304$0$0$23,555,091
97$30,013,092$0$0$25,766,451
98$32,842,317$0$0$28,197,344
99$35,952,812$0$0$30,869,975
100$39,373,036$0$0$33,808,803