Can I retire at age 50 with 944,000?

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 $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%18.1%
1 years$77,955$77,260$76,583$75,922$75,276$72,808
2 years$38,591$37,873$37,176$36,501$35,846$33,383
3 years$25,472$24,750$24,055$23,386$22,742$20,362
4 years$18,914$18,194$17,506$16,849$16,220$13,940
5 years$14,980$14,264$13,586$12,941$12,330$10,157
6 years$12,358$11,648$10,979$10,349$9,756$7,692
7 years$10,486$9,782$9,124$8,509$7,934$5,978
8 years$9,082$8,385$7,738$7,138$6,582$4,733
9 years$7,992$7,301$6,664$6,080$5,543$3,798
10 years$7,119$6,435$5,810$5,241$4,723$3,080
11 years$6,406$5,729$5,115$4,561$4,062$2,518
12 years$5,812$5,142$4,540$4,001$3,520$2,071
13 years$5,310$4,647$4,056$3,532$3,070$1,713
14 years$4,880$4,224$3,644$3,135$2,691$1,422
15 years$4,508$3,858$3,290$2,796$2,369$1,184
16 years$4,182$3,540$2,983$2,504$2,094$989
17 years$3,895$3,260$2,714$2,250$1,857$828
18 years$3,641$3,013$2,478$2,027$1,651$694
19 years$3,413$2,792$2,268$1,832$1,471$583
20 years$3,208$2,595$2,082$1,659$1,314$491
21 years$3,023$2,417$1,915$1,506$1,176$413
22 years$2,856$2,256$1,765$1,369$1,054$348
23 years$2,703$2,110$1,630$1,247$946$294
24 years$2,562$1,977$1,507$1,137$851$248
25 years$2,434$1,855$1,396$1,039$765$209
26 years$2,315$1,744$1,295$950$689$177
27 years$2,206$1,641$1,202$869$622$149
28 years$2,104$1,546$1,118$796$561$126
29 years$2,010$1,459$1,040$730$506$107
30 years$1,922$1,378$969$670$458$90
31 years$1,839$1,302$903$616$414$76
32 years$1,763$1,232$843$566$374$65
33 years$1,691$1,167$787$520$339$55
34 years$1,623$1,106$735$479$307$46
35 years$1,559$1,049$687$441$278$39
36 years$1,499$996$643$406$252$33
37 years$1,443$946$602$374$228$28
38 years$1,389$899$564$345$207$24
39 years$1,339$855$528$318$188$20
40 years$1,291$813$495$293$170$17
41 years$1,245$774$464$270$154$14
42 years$1,202$737$435$250$140$12
43 years$1,161$702$408$230$127$10
44 years$1,122$669$383$213$115$9
45 years$1,084$638$360$196$105$7
46 years$1,049$609$338$181$95$6
47 years$1,015$581$318$168$86$5
48 years$982$555$298$155$78$4
49 years$951$530$281$143$71$4
50 years$922$506$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $944,000, adding $2,448 every year, while hoping to spend $52,040 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: 70/24/6 Blend
49$944,000$944,000$944,000$944,000
50$1,042,813$992,781$978,149$1,114,809
51$1,093,810$986,057$955,547$1,155,984
52$1,148,264$977,260$930,443$1,194,367
53$1,206,474$966,232$902,700$1,234,926
54$1,268,765$952,808$872,171$1,277,863
55$1,335,495$936,812$838,705$1,323,400
56$1,407,058$918,058$802,144$1,371,783
57$1,483,883$896,348$762,321$1,423,284
58$1,566,444$871,474$719,064$1,478,205
59$1,655,258$843,214$672,190$1,536,880
60$1,750,897$811,333$621,510$1,599,677
61$1,853,985$775,585$566,827$1,667,005
62$1,965,209$735,706$507,934$1,739,314
63$2,085,325$691,421$444,614$1,817,105
64$2,215,162$642,434$376,643$1,900,929
65$2,355,633$588,437$303,784$1,991,398
66$2,507,739$529,102$225,792$2,089,187
67$2,672,582$464,082$142,410$2,195,044
68$2,851,375$393,012$53,370$2,309,794
69$3,045,449$315,503$0$2,434,352
70$3,256,271$231,149$0$2,572,393
71$3,485,452$139,517$0$2,726,187
72$3,734,767$40,152$0$2,893,568
73$4,006,167$0$0$3,075,919
74$4,301,799$0$0$3,292,576
75$4,624,026$0$0$3,540,328
76$4,975,448$0$0$3,810,576
77$5,358,928$0$0$4,105,527
78$5,777,617$0$0$4,427,611
79$6,234,982$0$0$4,779,501
80$6,734,843$0$0$5,164,143
81$7,281,401$0$0$5,584,778
82$7,879,286$0$0$6,044,976
83$8,533,594$0$0$6,548,666
84$9,249,935$0$0$7,100,176
85$10,034,490$0$0$7,704,272
86$10,894,063$0$0$8,366,202
87$11,836,148$0$0$9,091,746
88$12,868,998$0$0$9,887,269
89$14,001,705$0$0$10,759,783
90$15,244,280$0$0$11,717,009
91$16,607,751$0$0$12,767,455
92$18,104,265$0$0$13,920,487
93$19,747,204$0$0$15,186,428
94$21,551,306$0$0$16,576,646
95$23,532,808$0$0$18,103,663
96$25,709,596$0$0$19,781,277
97$28,101,374$0$0$21,624,684
98$30,729,849$0$0$23,650,630
99$33,618,937$0$0$25,877,559
100$36,794,982$0$0$28,325,794