Can I retire at age 50 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$77,542$76,851$76,177$75,519$74,877$74,003
2 years$38,387$37,672$36,979$36,307$35,656$34,776
3 years$25,337$24,619$23,928$23,263$22,622$21,763
4 years$18,813$18,098$17,413$16,759$16,134$15,304
5 years$14,900$14,189$13,514$12,873$12,265$11,465
6 years$12,292$11,586$10,921$10,294$9,705$8,937
7 years$10,430$9,730$9,075$8,464$7,892$7,156
8 years$9,034$8,340$7,697$7,100$6,548$5,843
9 years$7,949$7,262$6,629$6,048$5,514$4,841
10 years$7,082$6,401$5,779$5,213$4,698$4,057
11 years$6,372$5,698$5,088$4,537$4,041$3,430
12 years$5,781$5,115$4,516$3,979$3,502$2,921
13 years$5,282$4,622$4,034$3,513$3,053$2,502
14 years$4,854$4,201$3,625$3,119$2,677$2,153
15 years$4,484$3,838$3,273$2,781$2,357$1,861
16 years$4,160$3,521$2,967$2,490$2,083$1,614
17 years$3,875$3,243$2,700$2,238$1,847$1,403
18 years$3,621$2,997$2,465$2,017$1,642$1,224
19 years$3,395$2,777$2,256$1,822$1,464$1,069
20 years$3,191$2,581$2,071$1,650$1,307$936
21 years$3,007$2,404$1,905$1,498$1,170$820
22 years$2,840$2,244$1,756$1,362$1,049$720
23 years$2,688$2,099$1,621$1,240$941$633
24 years$2,549$1,966$1,499$1,131$846$557
25 years$2,421$1,845$1,388$1,033$761$491
26 years$2,303$1,734$1,288$945$686$432
27 years$2,194$1,632$1,196$865$618$381
28 years$2,093$1,538$1,112$792$558$336
29 years$1,999$1,451$1,034$726$504$297
30 years$1,911$1,370$964$667$455$262
31 years$1,830$1,295$898$612$412$232
32 years$1,753$1,226$838$563$372$205
33 years$1,682$1,161$783$517$337$181
34 years$1,614$1,100$731$476$305$160
35 years$1,551$1,043$684$438$276$142
36 years$1,491$990$639$404$250$126
37 years$1,435$941$599$372$227$111
38 years$1,382$894$561$343$206$98
39 years$1,331$850$525$316$187$87
40 years$1,284$809$492$292$169$77
41 years$1,238$770$462$269$153$68
42 years$1,195$733$433$248$139$61
43 years$1,155$699$406$229$126$54
44 years$1,116$666$381$212$115$48
45 years$1,079$635$358$195$104$42
46 years$1,043$606$336$180$95$37
47 years$1,009$578$316$167$86$33
48 years$977$552$297$154$78$29
49 years$946$527$279$142$71$26
50 years$917$503$262$132$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $939,000, adding $4,016 every year, while hoping to spend $48,403 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: 38/34/28 Blend
49$939,000$939,000$939,000$939,000
50$1,038,921$989,154$974,599$1,069,611
51$1,093,390$986,122$955,748$1,089,490
52$1,151,793$981,319$934,643$1,106,231
53$1,214,480$974,607$911,157$1,123,401
54$1,281,835$965,841$885,159$1,141,068
55$1,354,279$954,865$856,509$1,159,315
56$1,432,277$941,514$825,063$1,178,234
57$1,516,335$925,615$790,669$1,197,934
58$1,607,014$906,982$753,169$1,218,536
59$1,704,926$885,421$712,397$1,240,180
60$1,810,747$860,725$668,180$1,263,024
61$1,925,216$832,673$620,337$1,287,249
62$2,049,149$801,035$568,679$1,313,057
63$2,183,442$765,565$513,009$1,340,681
64$2,329,078$726,004$453,121$1,370,380
65$2,487,142$682,075$388,798$1,402,447
66$2,658,823$633,490$319,816$1,437,212
67$2,845,434$579,942$245,940$1,475,047
68$3,048,413$521,104$166,924$1,516,369
69$3,269,348$456,635$82,513$1,561,646
70$3,509,984$386,172$0$1,611,401
71$3,772,240$309,332$0$1,668,483
72$4,058,229$225,711$0$1,757,742
73$4,370,278$134,880$0$1,855,321
74$4,710,946$36,389$0$1,962,131
75$5,083,052$0$0$2,079,181
76$5,489,698$0$0$2,233,868
77$5,934,299$0$0$2,418,002
78$6,420,616$0$0$2,619,540
79$6,952,789$0$0$2,840,215
80$7,535,378$0$0$3,081,932
81$8,173,403$0$0$3,346,794
82$8,872,393$0$0$3,637,112
83$9,638,438$0$0$3,955,435
84$10,478,242$0$0$4,304,568
85$11,399,192$0$0$4,687,601
86$12,409,422$0$0$5,107,938
87$13,517,893$0$0$5,569,329
88$14,734,473$0$0$6,075,904
89$16,070,033$0$0$6,632,213
90$17,536,548$0$0$7,243,267
91$19,147,210$0$0$7,914,587
92$20,916,551$0$0$8,652,256
93$22,860,579$0$0$9,462,974
94$24,996,930$0$0$10,354,123
95$27,345,032$0$0$11,333,837
96$29,926,291$0$0$12,411,074
97$32,764,288$0$0$13,595,707
98$35,885,005$0$0$14,898,611
99$39,317,066$0$0$16,331,770
100$43,092,009$0$0$17,908,387