Can I retire at age 50 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$77,459$76,769$76,096$75,439$74,797$73,832
2 years$38,346$37,632$36,940$36,269$35,618$34,647
3 years$25,310$24,593$23,903$23,238$22,597$21,651
4 years$18,793$18,078$17,395$16,741$16,117$15,202
5 years$14,884$14,174$13,499$12,859$12,252$11,371
6 years$12,279$11,574$10,909$10,283$9,694$8,849
7 years$10,419$9,720$9,066$8,455$7,884$7,074
8 years$9,025$8,332$7,688$7,092$6,541$5,766
9 years$7,941$7,254$6,622$6,041$5,508$4,769
10 years$7,074$6,394$5,773$5,208$4,693$3,989
11 years$6,365$5,692$5,083$4,532$4,036$3,366
12 years$5,775$5,109$4,511$3,975$3,498$2,861
13 years$5,276$4,617$4,030$3,510$3,050$2,446
14 years$4,849$4,197$3,621$3,115$2,674$2,101
15 years$4,479$3,834$3,269$2,778$2,354$1,812
16 years$4,156$3,518$2,964$2,488$2,081$1,568
17 years$3,871$3,240$2,697$2,235$1,845$1,361
18 years$3,618$2,993$2,462$2,014$1,640$1,184
19 years$3,391$2,774$2,254$1,820$1,462$1,032
20 years$3,188$2,578$2,069$1,649$1,306$902
21 years$3,004$2,401$1,903$1,496$1,169$789
22 years$2,837$2,242$1,754$1,360$1,048$691
23 years$2,685$2,096$1,619$1,239$940$606
24 years$2,546$1,964$1,497$1,130$845$532
25 years$2,418$1,843$1,387$1,032$761$467
26 years$2,300$1,732$1,286$944$685$411
27 years$2,192$1,630$1,194$864$618$361
28 years$2,091$1,536$1,110$791$557$318
29 years$1,997$1,449$1,033$726$503$280
30 years$1,909$1,369$963$666$455$247
31 years$1,828$1,294$897$612$411$218
32 years$1,751$1,224$837$562$372$192
33 years$1,680$1,159$782$517$337$169
34 years$1,613$1,099$730$476$305$149
35 years$1,549$1,042$683$438$276$132
36 years$1,490$989$639$403$250$116
37 years$1,434$940$598$371$227$103
38 years$1,380$893$560$342$205$91
39 years$1,330$849$525$316$186$80
40 years$1,282$808$492$291$169$71
41 years$1,237$769$461$269$153$63
42 years$1,194$732$432$248$139$55
43 years$1,153$698$406$229$126$49
44 years$1,114$665$381$211$115$43
45 years$1,077$634$358$195$104$38
46 years$1,042$605$336$180$94$34
47 years$1,008$577$316$167$86$30
48 years$976$551$297$154$78$26
49 years$945$526$279$142$71$23
50 years$916$503$262$131$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $938,000, adding $5,172 every year, while hoping to spend $50,574 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: 32/46/22 Blend
49$938,000$938,000$938,000$938,000
50$1,039,011$989,297$974,758$1,065,069
51$1,091,180$983,962$953,602$1,079,781
52$1,146,975$976,671$930,042$1,090,687
53$1,206,712$967,274$903,945$1,101,395
54$1,270,740$955,613$875,170$1,111,917
55$1,339,437$941,521$843,570$1,122,274
56$1,413,224$924,819$808,993$1,132,492
57$1,492,557$905,319$771,279$1,142,608
58$1,577,940$882,822$730,259$1,152,663
59$1,669,926$857,117$685,759$1,162,711
60$1,769,123$827,979$637,596$1,172,816
61$1,876,197$795,174$585,579$1,183,058
62$1,991,881$758,449$529,508$1,193,527
63$2,116,980$717,541$469,174$1,204,334
64$2,252,381$672,169$404,360$1,215,605
65$2,399,055$622,037$334,838$1,227,489
66$2,558,074$566,832$260,370$1,240,158
67$2,730,613$506,223$180,709$1,253,812
68$2,917,968$439,860$95,594$1,268,680
69$3,121,561$367,373$4,757$1,285,023
70$3,342,958$288,372$0$1,303,142
71$3,583,882$202,445$0$1,345,016
72$3,846,228$109,155$0$1,391,995
73$4,132,083$8,043$0$1,443,472
74$4,443,742$0$0$1,500,023
75$4,783,730$0$0$1,613,606
76$5,154,829$0$0$1,742,160
77$5,560,100$0$0$1,882,693
78$6,002,912$0$0$2,036,388
79$6,486,974$0$0$2,204,553
80$7,016,372$0$0$2,388,625
81$7,595,602$0$0$2,590,187
82$8,229,615$0$0$2,810,983
83$8,923,864$0$0$3,052,933
84$9,684,354$0$0$3,318,152
85$10,517,697$0$0$3,608,968
86$11,431,175$0$0$3,927,948
87$12,432,809$0$0$4,277,915
88$13,531,433$0$0$4,661,982
89$14,736,777$0$0$5,083,578
90$16,059,557$0$0$5,546,478
91$17,511,580$0$0$6,054,841
92$19,105,848$0$0$6,613,249
93$20,856,686$0$0$7,226,752
94$22,779,874$0$0$7,900,908
95$24,892,796$0$0$8,641,845
96$27,214,600$0$0$9,456,311
97$29,766,385$0$0$10,351,742
98$32,571,392$0$0$11,336,330
99$35,655,229$0$0$12,419,100
100$39,046,106$0$0$13,609,996