Can I retire at age 50 with 949,000?

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 $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%11%
1 years$78,368$77,669$76,988$76,324$75,675$75,356
2 years$38,796$38,073$37,373$36,694$36,036$35,714
3 years$25,607$24,881$24,183$23,510$22,862$22,547
4 years$19,014$18,290$17,599$16,938$16,306$16,000
5 years$15,059$14,340$13,657$13,010$12,395$12,100
6 years$12,423$11,710$11,037$10,404$9,808$9,523
7 years$10,541$9,834$9,172$8,554$7,977$7,703
8 years$9,131$8,429$7,779$7,176$6,617$6,354
9 years$8,034$7,339$6,700$6,112$5,573$5,320
10 years$7,157$6,469$5,841$5,269$4,748$4,506
11 years$6,440$5,759$5,142$4,585$4,084$3,852
12 years$5,843$5,169$4,564$4,022$3,539$3,318
13 years$5,338$4,671$4,077$3,551$3,086$2,875
14 years$4,906$4,246$3,663$3,152$2,705$2,504
15 years$4,532$3,879$3,308$2,811$2,382$2,190
16 years$4,204$3,559$2,999$2,517$2,105$1,923
17 years$3,916$3,278$2,729$2,261$1,866$1,693
18 years$3,660$3,029$2,491$2,038$1,660$1,495
19 years$3,431$2,807$2,280$1,842$1,479$1,323
20 years$3,225$2,608$2,093$1,668$1,321$1,174
21 years$3,039$2,430$1,925$1,514$1,182$1,043
22 years$2,871$2,268$1,774$1,376$1,060$928
23 years$2,717$2,121$1,638$1,253$951$827
24 years$2,576$1,987$1,515$1,143$855$738
25 years$2,447$1,865$1,403$1,044$769$659
26 years$2,327$1,753$1,301$955$693$589
27 years$2,217$1,650$1,209$874$625$527
28 years$2,115$1,554$1,123$801$564$472
29 years$2,020$1,466$1,045$734$509$422
30 years$1,932$1,385$974$674$460$379
31 years$1,849$1,309$908$619$416$340
32 years$1,772$1,239$847$569$376$305
33 years$1,700$1,173$791$523$340$273
34 years$1,632$1,112$739$481$308$246
35 years$1,568$1,055$691$443$279$221
36 years$1,507$1,001$646$408$253$198
37 years$1,450$951$605$376$229$178
38 years$1,397$903$566$346$208$160
39 years$1,346$859$531$319$189$144
40 years$1,297$817$497$295$171$130
41 years$1,252$778$466$272$155$117
42 years$1,208$741$438$251$141$105
43 years$1,167$706$411$232$128$94
44 years$1,128$673$385$214$116$85
45 years$1,090$642$362$197$105$76
46 years$1,054$612$340$182$96$69
47 years$1,020$584$319$169$87$62
48 years$988$558$300$156$79$56
49 years$956$533$282$144$72$50
50 years$927$509$265$133$65$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $949,000, adding $6,258 every year, while hoping to spend $27,021 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$949,000$949,000$949,000$949,000
50$1,052,253$1,001,956$987,247$1,120,954
51$1,130,833$1,022,302$991,569$1,187,869
52$1,216,522$1,042,739$995,131$1,257,280
53$1,310,017$1,063,243$997,878$1,332,572
54$1,412,086$1,083,789$999,753$1,414,323
55$1,523,571$1,104,347$1,000,698$1,503,169
56$1,645,402$1,124,887$1,000,648$1,599,812
57$1,778,603$1,145,376$999,540$1,705,024
58$1,924,300$1,165,779$997,303$1,819,657
59$2,083,732$1,186,056$993,867$1,944,650
60$2,258,266$1,206,165$989,154$2,081,037
61$2,449,405$1,226,063$983,087$2,229,957
62$2,658,805$1,245,701$975,581$2,392,667
63$2,888,290$1,265,028$966,550$2,570,551
64$3,139,869$1,283,987$955,903$2,765,134
65$3,415,753$1,302,520$943,543$2,978,098
66$3,718,380$1,320,564$929,372$3,211,296
67$4,050,432$1,338,049$913,283$3,466,769
68$4,414,866$1,354,903$895,169$3,746,769
69$4,814,938$1,371,049$874,912$4,053,777
70$5,254,235$1,386,404$852,395$4,390,526
71$5,736,708$1,400,878$827,491$4,760,031
72$6,266,708$1,414,378$800,068$5,165,611
73$6,849,032$1,426,802$769,990$5,610,929
74$7,488,961$1,438,043$737,113$6,100,019
75$8,192,315$1,447,987$701,286$6,637,326
76$8,965,504$1,456,511$662,352$7,227,754
77$9,815,593$1,463,487$620,148$7,876,703
78$10,750,361$1,468,777$574,501$8,590,126
79$11,778,384$1,472,233$525,233$9,374,587
80$12,909,108$1,473,700$472,156$10,237,318
81$14,152,938$1,473,013$415,075$11,186,289
82$15,521,344$1,469,996$353,786$12,230,287
83$17,026,958$1,464,463$288,074$13,378,994
84$18,683,701$1,456,215$217,719$14,643,083
85$20,506,912$1,445,043$142,486$16,034,316
86$22,513,491$1,430,724$62,133$17,565,657
87$24,722,059$1,413,022$0$19,251,394
88$27,153,135$1,391,687$0$21,111,811
89$29,829,329$1,366,453$0$23,172,756
90$32,775,551$1,337,039$0$25,441,467
91$36,019,252$1,303,149$0$27,939,080
92$39,590,679$1,264,467$0$30,688,888
93$43,523,162$1,220,659$0$33,716,559
94$47,853,426$1,171,374$0$37,050,379
95$52,621,941$1,116,236$0$40,721,518
96$57,873,299$1,054,853$0$44,764,324
97$63,656,640$986,804$0$49,216,652
98$70,026,110$911,650$0$54,120,213
99$77,041,375$828,923$0$59,520,975
100$84,768,184$738,129$0$65,469,594