Can I retire at age 50 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$77,624$76,933$76,258$75,600$74,957$72,908
2 years$38,428$37,712$37,019$36,346$35,694$33,645
3 years$25,364$24,645$23,953$23,287$22,646$20,660
4 years$18,834$18,117$17,432$16,777$16,151$14,245
5 years$14,916$14,204$13,528$12,886$12,278$10,456
6 years$12,305$11,599$10,933$10,305$9,715$7,979
7 years$10,441$9,740$9,085$8,473$7,901$6,251
8 years$9,044$8,349$7,705$7,108$6,555$4,990
9 years$7,958$7,270$6,636$6,054$5,520$4,039
10 years$7,089$6,408$5,786$5,219$4,703$3,304
11 years$6,379$5,704$5,094$4,542$4,045$2,725
12 years$5,788$5,120$4,520$3,984$3,505$2,263
13 years$5,288$4,627$4,039$3,517$3,057$1,889
14 years$4,859$4,206$3,629$3,122$2,679$1,583
15 years$4,489$3,842$3,276$2,784$2,359$1,332
16 years$4,165$3,525$2,970$2,493$2,085$1,124
17 years$3,879$3,246$2,703$2,240$1,849$950
18 years$3,625$3,000$2,467$2,019$1,644$805
19 years$3,399$2,780$2,259$1,824$1,465$684
20 years$3,195$2,584$2,073$1,652$1,309$581
21 years$3,011$2,406$1,907$1,499$1,171$495
22 years$2,843$2,246$1,757$1,363$1,050$421
23 years$2,691$2,101$1,623$1,242$942$359
24 years$2,552$1,968$1,501$1,132$847$307
25 years$2,423$1,847$1,390$1,034$762$262
26 years$2,305$1,736$1,289$946$687$224
27 years$2,196$1,634$1,197$865$619$191
28 years$2,095$1,540$1,113$793$559$163
29 years$2,001$1,452$1,036$727$504$140
30 years$1,913$1,372$965$667$456$120
31 years$1,832$1,297$899$613$412$102
32 years$1,755$1,227$839$563$373$88
33 years$1,683$1,162$783$518$337$75
34 years$1,616$1,101$732$477$305$64
35 years$1,553$1,045$684$439$277$55
36 years$1,493$991$640$404$251$47
37 years$1,437$942$599$372$227$40
38 years$1,383$895$561$343$206$35
39 years$1,333$851$526$316$187$30
40 years$1,285$810$493$292$169$25
41 years$1,240$771$462$269$154$22
42 years$1,197$734$433$248$139$19
43 years$1,156$699$407$229$127$16
44 years$1,117$667$382$212$115$14
45 years$1,080$636$358$196$104$12
46 years$1,044$606$337$181$95$10
47 years$1,011$579$316$167$86$9
48 years$978$552$297$154$78$7
49 years$947$528$279$143$71$6
50 years$918$504$263$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $940,000, adding $3,268 every year, while hoping to spend $25,599 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: 43/38/19 Blend
49$940,000$940,000$940,000$940,000
50$1,039,251$989,431$974,861$1,078,063
51$1,118,017$1,010,676$980,282$1,127,028
52$1,203,960$1,032,104$985,026$1,177,285
53$1,297,784$1,053,697$989,044$1,231,201
54$1,400,265$1,075,435$992,284$1,289,127
55$1,512,257$1,097,297$994,691$1,351,448
56$1,634,702$1,119,258$996,207$1,418,588
57$1,768,633$1,141,294$996,773$1,491,017
58$1,915,193$1,163,377$996,323$1,569,251
59$2,075,635$1,185,475$994,793$1,653,860
60$2,251,343$1,207,556$992,112$1,745,472
61$2,443,839$1,229,585$988,206$1,844,781
62$2,654,800$1,251,524$983,000$1,952,550
63$2,886,072$1,273,331$976,413$2,069,623
64$3,139,688$1,294,962$968,360$2,196,929
65$3,417,890$1,316,368$958,754$2,335,493
66$3,723,144$1,337,499$947,501$2,486,445
67$4,058,167$1,358,300$934,505$2,651,033
68$4,425,954$1,378,710$919,664$2,830,631
69$4,829,801$1,398,666$902,873$3,026,756
70$5,273,341$1,418,102$884,020$3,241,080
71$5,760,576$1,436,943$862,989$3,475,448
72$6,295,913$1,455,111$839,657$3,731,894
73$6,884,209$1,472,525$813,899$4,012,660
74$7,530,814$1,489,094$785,580$4,320,221
75$8,241,622$1,504,724$754,561$4,657,305
76$9,023,126$1,519,314$720,698$5,026,919
77$9,882,480$1,532,756$683,836$5,432,381
78$10,827,567$1,544,935$643,819$5,877,348
79$11,867,071$1,555,728$600,479$6,365,856
80$13,010,559$1,565,006$553,642$6,902,351
81$14,268,574$1,572,630$503,127$7,491,739
82$15,652,731$1,578,451$448,744$8,139,427
83$17,175,829$1,582,314$390,296$8,851,379
84$18,851,967$1,584,051$327,575$9,634,170
85$20,696,684$1,583,486$260,365$10,495,049
86$22,727,100$1,580,431$188,441$11,442,010
87$24,962,077$1,574,685$111,567$12,483,866
88$27,422,402$1,566,038$29,497$13,630,333
89$30,130,977$1,554,264$0$14,892,125
90$33,113,039$1,539,124$0$16,292,828
91$36,396,395$1,520,368$0$17,840,835
92$40,011,686$1,497,725$0$19,544,574
93$43,992,678$1,470,913$0$21,419,928
94$48,376,575$1,439,632$0$23,484,410
95$53,204,373$1,403,561$0$25,757,316
96$58,521,248$1,362,365$0$28,259,921
97$64,376,981$1,315,686$0$31,015,670
98$70,826,425$1,263,147$0$34,050,404
99$77,930,026$1,204,347$0$37,392,608
100$85,754,394$1,138,865$0$41,073,675