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%18.3%
1 years$78,368$77,669$76,988$76,324$75,675$73,135
2 years$38,796$38,073$37,373$36,694$36,036$33,502
3 years$25,607$24,881$24,183$23,510$22,862$20,415
4 years$19,014$18,290$17,599$16,938$16,306$13,962
5 years$15,059$14,340$13,657$13,010$12,395$10,162
6 years$12,423$11,710$11,037$10,404$9,808$7,687
7 years$10,541$9,834$9,172$8,554$7,977$5,968
8 years$9,131$8,429$7,779$7,176$6,617$4,719
9 years$8,034$7,339$6,700$6,112$5,573$3,783
10 years$7,157$6,469$5,841$5,269$4,748$3,064
11 years$6,440$5,759$5,142$4,585$4,084$2,501
12 years$5,843$5,169$4,564$4,022$3,539$2,055
13 years$5,338$4,671$4,077$3,551$3,086$1,697
14 years$4,906$4,246$3,663$3,152$2,705$1,407
15 years$4,532$3,879$3,308$2,811$2,382$1,170
16 years$4,204$3,559$2,999$2,517$2,105$976
17 years$3,916$3,278$2,729$2,261$1,866$816
18 years$3,660$3,029$2,491$2,038$1,660$683
19 years$3,431$2,807$2,280$1,842$1,479$573
20 years$3,225$2,608$2,093$1,668$1,321$481
21 years$3,039$2,430$1,925$1,514$1,182$404
22 years$2,871$2,268$1,774$1,376$1,060$340
23 years$2,717$2,121$1,638$1,253$951$287
24 years$2,576$1,987$1,515$1,143$855$241
25 years$2,447$1,865$1,403$1,044$769$203
26 years$2,327$1,753$1,301$955$693$172
27 years$2,217$1,650$1,209$874$625$145
28 years$2,115$1,554$1,123$801$564$122
29 years$2,020$1,466$1,045$734$509$103
30 years$1,932$1,385$974$674$460$87
31 years$1,849$1,309$908$619$416$74
32 years$1,772$1,239$847$569$376$62
33 years$1,700$1,173$791$523$340$52
34 years$1,632$1,112$739$481$308$44
35 years$1,568$1,055$691$443$279$37
36 years$1,507$1,001$646$408$253$32
37 years$1,450$951$605$376$229$27
38 years$1,397$903$566$346$208$23
39 years$1,346$859$531$319$189$19
40 years$1,297$817$497$295$171$16
41 years$1,252$778$466$272$155$14
42 years$1,208$741$438$251$141$12
43 years$1,167$706$411$232$128$10
44 years$1,128$673$385$214$116$8
45 years$1,090$642$362$197$105$7
46 years$1,054$612$340$182$96$6
47 years$1,020$584$319$169$87$5
48 years$988$558$300$156$79$4
49 years$956$533$282$144$72$4
50 years$927$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $949,000, adding $4,740 every year, while hoping to spend $45,761 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: 43/46/11 Blend
49$949,000$949,000$949,000$949,000
50$1,050,687$1,000,390$985,681$1,092,321
51$1,109,168$1,000,720$970,012$1,122,166
52$1,172,080$999,532$952,284$1,149,497
53$1,239,827$996,704$932,381$1,178,083
54$1,312,853$992,106$910,178$1,208,058
55$1,391,643$985,599$885,549$1,239,572
56$1,476,735$977,037$858,358$1,272,792
57$1,568,714$966,264$828,466$1,307,906
58$1,668,228$953,116$795,725$1,345,125
59$1,775,987$937,418$759,981$1,384,683
60$1,892,771$918,986$721,074$1,426,842
61$2,019,440$897,622$678,837$1,471,897
62$2,156,938$873,121$633,093$1,520,175
63$2,306,304$845,261$583,659$1,572,042
64$2,468,679$813,812$530,344$1,627,904
65$2,645,322$778,526$472,948$1,688,217
66$2,837,614$739,143$411,261$1,753,486
67$3,047,078$695,388$345,066$1,824,275
68$3,275,388$646,971$274,133$1,901,211
69$3,524,387$593,582$198,227$1,984,992
70$3,796,104$534,897$117,097$2,076,394
71$4,092,771$470,571$30,484$2,176,281
72$4,416,846$400,242$0$2,285,609
73$4,771,036$323,525$0$2,412,717
74$5,158,318$240,014$0$2,555,805
75$5,581,973$149,281$0$2,712,639
76$6,045,613$50,874$0$2,884,713
77$6,553,213$0$0$3,073,681
78$7,109,153$0$0$3,309,559
79$7,718,257$0$0$3,596,325
80$8,385,833$0$0$3,910,740
81$9,117,733$0$0$4,255,574
82$9,920,397$0$0$4,633,878
83$10,800,921$0$0$5,049,013
84$11,767,122$0$0$5,504,680
85$12,827,607$0$0$6,004,955
86$13,991,858$0$0$6,554,332
87$15,270,323$0$0$7,157,755
88$16,674,506$0$0$7,820,677
89$18,217,084$0$0$8,549,101
90$19,912,022$0$0$9,349,642
91$21,774,702$0$0$10,229,587
92$23,822,072$0$0$11,196,964
93$26,072,805$0$0$12,260,618
94$28,547,470$0$0$13,430,294
95$31,268,730$0$0$14,716,728
96$34,261,556$0$0$16,131,750
97$37,553,458$0$0$17,688,392
98$41,174,746$0$0$19,401,015
99$45,158,817$0$0$21,285,441
100$49,542,467$0$0$23,359,101