Can I retire at age 50 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$78,037$77,342$76,664$76,002$75,356$74,414
2 years$38,632$37,913$37,215$36,539$35,884$34,936
3 years$25,499$24,776$24,081$23,411$22,766$21,842
4 years$18,934$18,213$17,525$16,866$16,237$15,344
5 years$14,996$14,279$13,600$12,955$12,343$11,483
6 years$12,371$11,660$10,991$10,360$9,767$8,941
7 years$10,497$9,792$9,133$8,518$7,943$7,152
8 years$9,092$8,394$7,746$7,145$6,589$5,833
9 years$8,000$7,308$6,671$6,086$5,549$4,827
10 years$7,127$6,442$5,816$5,246$4,728$4,040
11 years$6,413$5,735$5,121$4,566$4,066$3,411
12 years$5,818$5,147$4,544$4,005$3,524$2,901
13 years$5,316$4,652$4,060$3,536$3,073$2,482
14 years$4,885$4,228$3,648$3,139$2,694$2,133
15 years$4,513$3,863$3,294$2,799$2,372$1,841
16 years$4,187$3,544$2,986$2,506$2,096$1,594
17 years$3,900$3,264$2,717$2,252$1,859$1,385
18 years$3,645$3,016$2,481$2,029$1,653$1,206
19 years$3,417$2,795$2,271$1,834$1,473$1,052
20 years$3,212$2,597$2,084$1,661$1,316$919
21 years$3,027$2,419$1,917$1,507$1,177$805
22 years$2,859$2,258$1,767$1,370$1,055$705
23 years$2,705$2,112$1,631$1,248$947$619
24 years$2,565$1,979$1,509$1,138$852$544
25 years$2,436$1,857$1,397$1,040$766$478
26 years$2,318$1,745$1,296$951$690$421
27 years$2,208$1,643$1,203$870$622$371
28 years$2,106$1,548$1,119$797$561$326
29 years$2,012$1,460$1,041$731$507$288
30 years$1,924$1,379$970$671$458$254
31 years$1,841$1,304$904$616$414$224
32 years$1,764$1,233$843$566$375$198
33 years$1,692$1,168$788$521$339$174
34 years$1,625$1,107$736$479$307$154
35 years$1,561$1,050$688$441$278$136
36 years$1,501$997$644$406$252$120
37 years$1,444$947$602$374$228$106
38 years$1,391$900$564$345$207$94
39 years$1,340$855$529$318$188$83
40 years$1,292$814$495$293$170$73
41 years$1,246$775$464$271$154$65
42 years$1,203$738$436$250$140$57
43 years$1,162$703$409$231$127$51
44 years$1,123$670$384$213$115$45
45 years$1,085$639$360$197$105$40
46 years$1,050$610$338$182$95$35
47 years$1,016$582$318$168$86$31
48 years$983$555$299$155$78$27
49 years$952$530$281$143$71$24
50 years$923$507$264$132$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $945,000, adding $3,646 every year, while hoping to spend $57,989 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: 61/17/22 Blend
49$945,000$945,000$945,000$945,000
50$1,045,151$995,066$980,418$1,102,646
51$1,090,056$982,124$951,563$1,129,064
52$1,137,599$966,605$919,796$1,151,185
53$1,187,986$948,320$884,961$1,174,031
54$1,241,444$927,072$846,892$1,197,683
55$1,298,222$902,649$805,413$1,222,230
56$1,358,592$874,830$760,345$1,247,775
57$1,422,849$843,378$711,498$1,274,431
58$1,491,320$808,043$658,673$1,302,329
59$1,564,359$768,562$601,664$1,331,613
60$1,642,358$724,656$540,254$1,362,447
61$1,725,744$676,030$474,218$1,395,015
62$1,814,985$622,370$403,319$1,429,521
63$1,910,594$563,347$327,311$1,466,197
64$2,013,136$498,612$245,937$1,505,302
65$2,123,229$427,797$158,929$1,547,123
66$2,241,550$350,511$66,005$1,591,985
67$2,368,846$266,344$0$1,640,247
68$2,505,933$174,860$0$1,700,098
69$2,653,711$75,600$0$1,781,244
70$2,813,165$0$0$1,868,751
71$2,985,380$0$0$1,969,227
72$3,171,547$0$0$2,093,187
73$3,372,975$0$0$2,227,369
74$3,591,104$0$0$2,372,740
75$3,827,516$0$0$2,530,360
76$4,083,950$0$0$2,701,399
77$4,362,320$0$0$2,887,142
78$4,664,732$0$0$3,089,002
79$4,993,499$0$0$3,308,534
80$5,351,168$0$0$3,547,449
81$5,740,543$0$0$3,807,628
82$6,164,705$0$0$4,091,143
83$6,627,049$0$0$4,400,274
84$7,131,309$0$0$4,737,529
85$7,681,594$0$0$5,105,669
86$8,282,430$0$0$5,507,734
87$8,938,797$0$0$5,947,071
88$9,656,177$0$0$6,427,362
89$10,440,606$0$0$6,952,664
90$11,298,732$0$0$7,527,444
91$12,237,872$0$0$8,156,617
92$13,266,084$0$0$8,845,599
93$14,392,243$0$0$9,600,353
94$15,626,119$0$0$10,427,446
95$16,978,476$0$0$11,334,110
96$18,461,166$0$0$12,328,310
97$20,087,243$0$0$13,418,820
98$21,871,086$0$0$14,615,301
99$23,828,531$0$0$15,928,398
100$25,977,023$0$0$17,369,835