Can I retire at age 50 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,368$77,669$76,988$76,324$75,675$74,667
2 years$38,796$38,073$37,373$36,694$36,036$35,022
3 years$25,607$24,881$24,183$23,510$22,862$21,875
4 years$19,014$18,290$17,599$16,938$16,306$15,351
5 years$15,059$14,340$13,657$13,010$12,395$11,477
6 years$12,423$11,710$11,037$10,404$9,808$8,926
7 years$10,541$9,834$9,172$8,554$7,977$7,132
8 years$9,131$8,429$7,779$7,176$6,617$5,810
9 years$8,034$7,339$6,700$6,112$5,573$4,803
10 years$7,157$6,469$5,841$5,269$4,748$4,014
11 years$6,440$5,759$5,142$4,585$4,084$3,386
12 years$5,843$5,169$4,564$4,022$3,539$2,876
13 years$5,338$4,671$4,077$3,551$3,086$2,457
14 years$4,906$4,246$3,663$3,152$2,705$2,109
15 years$4,532$3,879$3,308$2,811$2,382$1,818
16 years$4,204$3,559$2,999$2,517$2,105$1,572
17 years$3,916$3,278$2,729$2,261$1,866$1,363
18 years$3,660$3,029$2,491$2,038$1,660$1,185
19 years$3,431$2,807$2,280$1,842$1,479$1,032
20 years$3,225$2,608$2,093$1,668$1,321$901
21 years$3,039$2,430$1,925$1,514$1,182$788
22 years$2,871$2,268$1,774$1,376$1,060$689
23 years$2,717$2,121$1,638$1,253$951$604
24 years$2,576$1,987$1,515$1,143$855$530
25 years$2,447$1,865$1,403$1,044$769$465
26 years$2,327$1,753$1,301$955$693$409
27 years$2,217$1,650$1,209$874$625$359
28 years$2,115$1,554$1,123$801$564$316
29 years$2,020$1,466$1,045$734$509$278
30 years$1,932$1,385$974$674$460$245
31 years$1,849$1,309$908$619$416$216
32 years$1,772$1,239$847$569$376$190
33 years$1,700$1,173$791$523$340$168
34 years$1,632$1,112$739$481$308$148
35 years$1,568$1,055$691$443$279$130
36 years$1,507$1,001$646$408$253$115
37 years$1,450$951$605$376$229$101
38 years$1,397$903$566$346$208$89
39 years$1,346$859$531$319$189$79
40 years$1,297$817$497$295$171$70
41 years$1,252$778$466$272$155$61
42 years$1,208$741$438$251$141$54
43 years$1,167$706$411$232$128$48
44 years$1,128$673$385$214$116$42
45 years$1,090$642$362$197$105$37
46 years$1,054$612$340$182$96$33
47 years$1,020$584$319$169$87$29
48 years$988$558$300$156$79$26
49 years$956$533$282$144$72$23
50 years$927$509$265$133$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $949,000, adding $5,586 every year, while hoping to spend $53,209 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: 40/37/23 Blend
49$949,000$949,000$949,000$949,000
50$1,051,560$1,001,263$986,553$1,086,273
51$1,102,205$993,711$962,989$1,104,221
52$1,156,233$984,005$936,852$1,118,175
53$1,213,932$971,985$908,000$1,132,207
54$1,275,618$957,478$876,283$1,146,356
55$1,341,640$940,303$841,547$1,160,665
56$1,412,377$920,267$803,629$1,175,191
57$1,488,246$897,167$762,357$1,189,997
58$1,569,707$870,788$717,555$1,205,159
59$1,657,260$840,900$669,037$1,220,767
60$1,751,458$807,261$616,607$1,236,923
61$1,852,907$769,618$560,064$1,253,747
62$1,962,272$727,697$499,195$1,271,378
63$2,080,284$681,214$433,778$1,289,974
64$2,207,746$629,867$363,582$1,309,716
65$2,345,540$573,334$288,366$1,330,812
66$2,494,635$511,278$207,877$1,353,498
67$2,656,099$443,342$121,852$1,378,044
68$2,831,103$369,147$30,016$1,404,754
69$3,020,936$288,296$0$1,433,973
70$3,227,016$200,366$0$1,482,778
71$3,450,901$104,913$0$1,543,868
72$3,694,305$1,467$0$1,610,443
73$3,959,117$0$0$1,683,142
74$4,247,412$0$0$1,807,652
75$4,561,473$0$0$1,944,054
76$4,903,814$0$0$2,092,859
77$5,277,202$0$0$2,255,283
78$5,684,681$0$0$2,432,666
79$6,129,602$0$0$2,626,484
80$6,615,656$0$0$2,838,360
81$7,146,904$0$0$3,070,083
82$7,727,818$0$0$3,323,621
83$8,363,320$0$0$3,601,142
84$9,058,832$0$0$3,905,033
85$9,820,324$0$0$4,237,924
86$10,654,369$0$0$4,602,708
87$11,568,206$0$0$5,002,575
88$12,569,808$0$0$5,441,035
89$13,667,956$0$0$5,921,957
90$14,872,319$0$0$6,449,600
91$16,193,550$0$0$7,028,655
92$17,643,380$0$0$7,664,293
93$19,234,732$0$0$8,362,204
94$20,981,842$0$0$9,128,661
95$22,900,390$0$0$9,970,573
96$25,007,649$0$0$10,895,550
97$27,322,649$0$0$11,911,975
98$29,866,351$0$0$13,029,086
99$32,661,850$0$0$14,257,058
100$35,734,588$0$0$15,607,101