Can I retire at age 50 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$78,120$77,424$76,745$76,082$75,435$75,118
2 years$38,673$37,953$37,255$36,578$35,922$35,601
3 years$25,526$24,803$24,106$23,436$22,790$22,476
4 years$18,954$18,233$17,543$16,884$16,254$15,949
5 years$15,011$14,295$13,614$12,969$12,356$12,062
6 years$12,384$11,673$11,002$10,371$9,777$9,493
7 years$10,508$9,803$9,143$8,527$7,951$7,678
8 years$9,102$8,403$7,754$7,153$6,596$6,334
9 years$8,008$7,316$6,679$6,093$5,555$5,303
10 years$7,134$6,449$5,822$5,252$4,733$4,492
11 years$6,420$5,741$5,126$4,571$4,071$3,840
12 years$5,825$5,153$4,549$4,009$3,528$3,307
13 years$5,321$4,657$4,064$3,539$3,076$2,866
14 years$4,890$4,233$3,652$3,142$2,697$2,496
15 years$4,517$3,867$3,297$2,802$2,374$2,183
16 years$4,191$3,548$2,989$2,509$2,098$1,917
17 years$3,904$3,267$2,720$2,254$1,861$1,688
18 years$3,648$3,019$2,483$2,032$1,654$1,491
19 years$3,420$2,798$2,273$1,836$1,475$1,319
20 years$3,215$2,600$2,086$1,663$1,317$1,170
21 years$3,030$2,422$1,919$1,509$1,179$1,039
22 years$2,862$2,261$1,769$1,372$1,056$925
23 years$2,708$2,114$1,633$1,249$948$824
24 years$2,568$1,981$1,510$1,140$852$735
25 years$2,439$1,859$1,399$1,041$767$657
26 years$2,320$1,747$1,297$952$691$587
27 years$2,210$1,644$1,205$871$623$525
28 years$2,108$1,549$1,120$798$562$470
29 years$2,014$1,462$1,042$732$508$421
30 years$1,926$1,380$971$672$459$377
31 years$1,843$1,305$905$617$415$338
32 years$1,766$1,235$844$567$375$304
33 years$1,694$1,169$788$521$339$273
34 years$1,626$1,108$737$480$307$245
35 years$1,563$1,051$689$442$278$220
36 years$1,502$998$644$407$252$198
37 years$1,446$948$603$375$229$178
38 years$1,392$901$565$345$207$160
39 years$1,341$856$529$318$188$144
40 years$1,293$815$496$294$170$129
41 years$1,248$776$465$271$155$116
42 years$1,204$739$436$250$140$104
43 years$1,163$704$409$231$127$94
44 years$1,124$671$384$213$116$85
45 years$1,087$640$361$197$105$76
46 years$1,051$610$339$182$95$69
47 years$1,017$582$318$168$87$62
48 years$984$556$299$155$79$56
49 years$953$531$281$143$71$50
50 years$924$507$264$133$65$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $946,000, adding $2,817 every year, while hoping to spend $30,918 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: 70/12/18 Blend
49$946,000$946,000$946,000$946,000
50$1,045,398$995,260$980,597$1,113,881
51$1,119,132$1,011,131$980,550$1,175,732
52$1,199,350$1,026,744$979,466$1,239,462
53$1,286,683$1,042,052$977,276$1,308,439
54$1,381,820$1,057,009$973,911$1,383,177
55$1,485,524$1,071,561$969,295$1,464,242
56$1,598,633$1,085,653$963,352$1,552,260
57$1,722,069$1,099,225$956,000$1,647,920
58$1,856,847$1,112,214$947,153$1,751,982
59$2,004,085$1,124,552$936,723$1,865,281
60$2,165,014$1,136,167$924,614$1,988,741
61$2,340,987$1,146,981$910,731$2,123,380
62$2,533,496$1,156,912$894,969$2,270,317
63$2,744,184$1,165,872$877,222$2,430,789
64$2,974,859$1,173,767$857,376$2,606,159
65$3,227,511$1,180,499$835,315$2,797,928
66$3,504,335$1,185,960$810,916$3,007,751
67$3,807,744$1,190,040$784,048$3,237,454
68$4,140,399$1,192,617$754,579$3,489,048
69$4,505,229$1,193,564$722,367$3,764,751
70$4,905,461$1,192,748$687,265$4,067,008
71$5,344,649$1,190,023$649,119$4,398,514
72$5,826,706$1,185,238$607,768$4,762,239
73$6,355,947$1,178,231$563,044$5,161,458
74$6,937,119$1,168,830$514,773$5,599,782
75$7,575,457$1,156,854$462,769$6,081,190
76$8,276,723$1,142,110$406,841$6,610,069
77$9,047,269$1,124,393$346,791$7,191,254
78$9,894,090$1,103,487$282,407$7,830,076
79$10,824,892$1,079,163$213,473$8,532,410
80$11,848,166$1,051,178$139,760$9,304,734
81$12,973,268$1,019,274$61,030$10,154,187
82$14,210,502$983,179$0$11,088,639
83$15,571,224$942,606$0$12,121,181
84$17,067,943$897,248$0$13,269,754
85$18,714,445$846,785$0$14,533,216
86$20,525,915$790,874$0$15,923,241
87$22,519,087$729,156$0$17,452,689
88$24,712,398$661,248$0$19,135,736
89$27,126,162$586,748$0$20,988,000
90$29,782,762$505,231$0$23,026,694
91$32,706,862$416,246$0$25,270,787
92$35,925,638$319,317$0$27,741,181
93$39,469,033$213,944$0$30,460,912
94$43,370,042$99,595$0$33,455,364
95$47,665,022$0$0$36,752,513
96$52,394,033$0$0$40,386,394
97$57,601,220$0$0$44,402,262
98$63,335,225$0$0$48,824,486
99$69,649,646$0$0$53,694,413
100$76,603,546$0$0$59,057,603