Can I retire at age 50 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$77,129$76,442$75,772$75,117$74,478$73,639
2 years$38,183$37,471$36,782$36,114$35,466$34,621
3 years$25,202$24,488$23,801$23,139$22,501$21,677
4 years$18,713$18,001$17,321$16,670$16,048$15,251
5 years$14,821$14,113$13,442$12,804$12,199$11,432
6 years$12,227$11,525$10,863$10,240$9,653$8,915
7 years$10,375$9,678$9,027$8,419$7,850$7,143
8 years$8,986$8,296$7,656$7,062$6,513$5,836
9 years$7,907$7,223$6,594$6,015$5,485$4,838
10 years$7,044$6,367$5,749$5,185$4,673$4,056
11 years$6,338$5,668$5,061$4,513$4,019$3,432
12 years$5,751$5,087$4,492$3,958$3,483$2,924
13 years$5,254$4,597$4,013$3,495$3,037$2,506
14 years$4,828$4,179$3,606$3,102$2,662$2,159
15 years$4,460$3,818$3,255$2,767$2,344$1,867
16 years$4,138$3,503$2,951$2,477$2,072$1,620
17 years$3,854$3,226$2,686$2,226$1,837$1,410
18 years$3,602$2,981$2,452$2,006$1,633$1,230
19 years$3,377$2,763$2,244$1,812$1,456$1,076
20 years$3,174$2,567$2,060$1,641$1,300$942
21 years$2,991$2,391$1,895$1,490$1,164$827
22 years$2,825$2,232$1,746$1,355$1,043$726
23 years$2,674$2,088$1,612$1,234$936$639
24 years$2,535$1,956$1,491$1,125$842$562
25 years$2,408$1,836$1,381$1,028$757$496
26 years$2,291$1,725$1,281$940$682$437
27 years$2,182$1,624$1,189$860$615$386
28 years$2,082$1,530$1,106$788$555$341
29 years$1,988$1,443$1,029$723$501$301
30 years$1,901$1,363$958$663$453$266
31 years$1,820$1,288$894$609$409$236
32 years$1,744$1,219$834$560$370$208
33 years$1,673$1,155$778$515$335$184
34 years$1,606$1,094$727$474$303$163
35 years$1,543$1,038$680$436$275$145
36 years$1,483$985$636$401$249$128
37 years$1,427$936$595$370$226$113
38 years$1,374$889$558$341$205$101
39 years$1,324$846$522$314$186$89
40 years$1,277$804$490$290$168$79
41 years$1,232$766$459$268$153$70
42 years$1,189$729$431$247$139$62
43 years$1,148$695$404$228$126$55
44 years$1,110$662$379$210$114$49
45 years$1,073$632$356$194$104$43
46 years$1,038$603$335$180$94$38
47 years$1,004$575$314$166$85$34
48 years$972$549$295$153$78$30
49 years$941$524$278$142$70$27
50 years$912$501$261$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $934,000, adding $4,618 every year, while hoping to spend $24,045 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: 53/29/18 Blend
49$934,000$934,000$934,000$934,000
50$1,034,031$984,529$970,052$1,083,545
51$1,113,919$1,007,188$976,966$1,140,638
52$1,201,149$1,030,150$983,304$1,199,810
53$1,296,445$1,053,407$989,024$1,263,670
54$1,400,605$1,076,945$994,078$1,332,669
55$1,514,504$1,100,753$998,417$1,407,308
56$1,639,108$1,124,815$1,001,989$1,488,137
57$1,775,481$1,149,115$1,004,739$1,575,761
58$1,924,793$1,173,634$1,006,611$1,670,847
59$2,088,333$1,198,354$1,007,545$1,774,133
60$2,267,522$1,223,253$1,007,476$1,886,429
61$2,463,923$1,248,306$1,006,340$2,008,628
62$2,679,258$1,273,487$1,004,067$2,141,716
63$2,915,424$1,298,769$1,000,585$2,286,778
64$3,174,509$1,324,121$995,816$2,445,011
65$3,458,815$1,349,509$989,682$2,617,734
66$3,770,876$1,374,897$982,098$2,806,402
67$4,113,484$1,400,245$972,977$3,012,615
68$4,489,714$1,425,512$962,227$3,238,141
69$4,902,954$1,450,652$949,751$3,484,926
70$5,356,937$1,475,615$935,449$3,755,117
71$5,855,773$1,500,348$919,215$4,051,080
72$6,403,991$1,524,795$900,938$4,375,420
73$7,006,583$1,548,894$880,504$4,731,015
74$7,669,044$1,572,580$857,790$5,121,030
75$8,397,431$1,595,781$832,672$5,548,960
76$9,198,418$1,618,423$805,015$6,018,653
77$10,079,356$1,640,425$774,682$6,534,354
78$11,048,344$1,661,700$741,527$7,100,739
79$12,114,307$1,682,155$705,401$7,722,966
80$13,287,078$1,701,692$666,143$8,406,718
81$14,577,490$1,720,206$623,589$9,158,259
82$15,997,481$1,737,583$577,567$9,984,495
83$17,560,204$1,753,704$527,895$10,893,039
84$19,280,150$1,768,441$474,384$11,892,281
85$21,173,288$1,781,657$416,839$12,991,469
86$23,257,212$1,793,207$355,052$14,200,798
87$25,551,311$1,802,938$288,810$15,531,503
88$28,076,947$1,810,683$217,887$16,995,972
89$30,857,659$1,816,270$142,049$18,607,854
90$33,919,384$1,819,511$61,052$20,382,198
91$37,290,704$1,820,210$0$22,335,589
92$41,003,112$1,818,157$0$24,491,185
93$45,091,312$1,813,129$0$26,877,088
94$49,593,544$1,804,890$0$29,503,824
95$54,551,945$1,793,190$0$32,395,926
96$60,012,948$1,777,761$0$35,580,434
97$66,027,720$1,758,323$0$39,087,145
98$72,652,643$1,734,576$0$42,948,898
99$79,949,845$1,706,203$0$47,201,884
100$87,987,792$1,672,869$0$51,885,988