Can I retire at age 50 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$77,872$77,178$76,502$75,841$75,196$72,499
2 years$38,551$37,833$37,137$36,462$35,808$33,120
3 years$25,445$24,724$24,030$23,362$22,718$20,123
4 years$18,894$18,175$17,488$16,831$16,203$13,721
5 years$14,964$14,249$13,571$12,928$12,317$9,956
6 years$12,345$11,636$10,967$10,338$9,746$7,506
7 years$10,475$9,772$9,114$8,500$7,926$5,807
8 years$9,073$8,376$7,729$7,130$6,575$4,576
9 years$7,983$7,293$6,657$6,073$5,537$3,655
10 years$7,112$6,428$5,804$5,235$4,718$2,949
11 years$6,399$5,723$5,110$4,556$4,058$2,398
12 years$5,806$5,136$4,535$3,996$3,516$1,962
13 years$5,305$4,642$4,052$3,528$3,066$1,614
14 years$4,875$4,219$3,640$3,132$2,688$1,332
15 years$4,503$3,854$3,287$2,793$2,367$1,103
16 years$4,178$3,536$2,980$2,501$2,092$916
17 years$3,891$3,257$2,712$2,247$1,855$762
18 years$3,637$3,009$2,475$2,025$1,649$636
19 years$3,409$2,789$2,266$1,830$1,470$531
20 years$3,205$2,592$2,080$1,657$1,313$444
21 years$3,020$2,414$1,913$1,504$1,175$371
22 years$2,853$2,254$1,763$1,368$1,053$311
23 years$2,700$2,108$1,628$1,245$945$260
24 years$2,560$1,975$1,505$1,136$850$218
25 years$2,431$1,853$1,394$1,037$765$183
26 years$2,313$1,742$1,293$949$689$154
27 years$2,203$1,639$1,201$868$621$129
28 years$2,102$1,545$1,116$795$560$108
29 years$2,007$1,457$1,039$729$506$91
30 years$1,920$1,376$968$669$457$77
31 years$1,837$1,301$902$615$413$64
32 years$1,761$1,231$842$565$374$54
33 years$1,689$1,166$786$520$338$45
34 years$1,621$1,105$734$478$306$38
35 years$1,558$1,048$687$440$277$32
36 years$1,498$995$642$405$251$27
37 years$1,441$945$601$373$228$23
38 years$1,388$898$563$344$207$19
39 years$1,337$854$527$317$187$16
40 years$1,289$812$494$293$170$13
41 years$1,244$773$464$270$154$11
42 years$1,201$736$435$249$140$10
43 years$1,160$702$408$230$127$8
44 years$1,120$669$383$212$115$7
45 years$1,083$638$360$196$105$6
46 years$1,048$608$338$181$95$5
47 years$1,014$581$317$167$86$4
48 years$981$554$298$155$78$3
49 years$950$529$280$143$71$3
50 years$921$506$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $943,000, adding $4,971 every year, while hoping to spend $50,196 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: 51/33/16 Blend
49$943,000$943,000$943,000$943,000
50$1,044,314$994,335$979,718$1,092,763
51$1,097,425$989,649$959,130$1,121,892
52$1,154,272$983,051$936,171$1,147,884
53$1,215,182$974,395$910,707$1,175,037
54$1,280,515$963,524$882,600$1,203,476
55$1,350,665$950,275$851,704$1,233,342
56$1,426,066$934,471$817,870$1,264,794
57$1,507,194$915,929$780,937$1,298,007
58$1,594,569$894,452$740,740$1,333,182
59$1,688,767$869,832$697,107$1,370,539
60$1,790,417$841,849$649,856$1,410,326
61$1,900,212$810,272$598,798$1,452,822
62$2,018,911$774,852$543,735$1,498,336
63$2,147,351$735,332$484,462$1,547,214
64$2,286,452$691,433$420,762$1,599,841
65$2,437,222$642,866$352,410$1,656,647
66$2,600,774$589,322$279,171$1,718,112
67$2,778,330$530,475$200,800$1,784,768
68$2,971,233$465,982$117,040$1,857,210
69$3,180,962$395,478$27,624$1,936,100
70$3,409,143$318,580$0$2,022,171
71$3,657,566$234,880$0$2,127,816
72$3,928,199$143,951$0$2,248,153
73$4,223,211$45,340$0$2,379,523
74$4,544,985$0$0$2,523,100
75$4,896,147$0$0$2,702,492
76$5,279,585$0$0$2,916,441
77$5,698,482$0$0$3,150,269
78$6,156,338$0$0$3,405,943
79$6,657,009$0$0$3,685,628
80$7,204,739$0$0$3,991,707
81$7,804,201$0$0$4,326,806
82$8,460,544$0$0$4,693,815
83$9,179,433$0$0$5,095,918
84$9,967,110$0$0$5,536,620
85$10,830,448$0$0$6,019,783
86$11,777,018$0$0$6,549,659
87$12,815,156$0$0$7,130,932
88$13,954,047$0$0$7,768,761
89$15,203,804$0$0$8,468,828
90$16,575,570$0$0$9,237,393
91$18,081,616$0$0$10,081,352
92$19,735,462$0$0$11,008,299
93$21,552,001$0$0$12,026,602
94$23,547,637$0$0$13,145,479
95$25,740,444$0$0$14,375,084
96$28,150,333$0$0$15,726,605
97$30,799,237$0$0$17,212,368
98$33,711,324$0$0$18,845,950
99$36,913,215$0$0$20,642,312
100$40,434,245$0$0$22,617,936