Can I retire at age 50 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$77,955$77,260$76,583$75,922$75,276$72,461
2 years$38,591$37,873$37,176$36,501$35,846$33,042
3 years$25,472$24,750$24,055$23,386$22,742$20,038
4 years$18,914$18,194$17,506$16,849$16,220$13,635
5 years$14,980$14,264$13,586$12,941$12,330$9,872
6 years$12,358$11,648$10,979$10,349$9,756$7,427
7 years$10,486$9,782$9,124$8,509$7,934$5,733
8 years$9,082$8,385$7,738$7,138$6,582$4,507
9 years$7,992$7,301$6,664$6,080$5,543$3,590
10 years$7,119$6,435$5,810$5,241$4,723$2,890
11 years$6,406$5,729$5,115$4,561$4,062$2,344
12 years$5,812$5,142$4,540$4,001$3,520$1,913
13 years$5,310$4,647$4,056$3,532$3,070$1,569
14 years$4,880$4,224$3,644$3,135$2,691$1,291
15 years$4,508$3,858$3,290$2,796$2,369$1,067
16 years$4,182$3,540$2,983$2,504$2,094$883
17 years$3,895$3,260$2,714$2,250$1,857$733
18 years$3,641$3,013$2,478$2,027$1,651$609
19 years$3,413$2,792$2,268$1,832$1,471$507
20 years$3,208$2,595$2,082$1,659$1,314$422
21 years$3,023$2,417$1,915$1,506$1,176$352
22 years$2,856$2,256$1,765$1,369$1,054$294
23 years$2,703$2,110$1,630$1,247$946$246
24 years$2,562$1,977$1,507$1,137$851$205
25 years$2,434$1,855$1,396$1,039$765$172
26 years$2,315$1,744$1,295$950$689$144
27 years$2,206$1,641$1,202$869$622$120
28 years$2,104$1,546$1,118$796$561$101
29 years$2,010$1,459$1,040$730$506$84
30 years$1,922$1,378$969$670$458$71
31 years$1,839$1,302$903$616$414$59
32 years$1,763$1,232$843$566$374$50
33 years$1,691$1,167$787$520$339$41
34 years$1,623$1,106$735$479$307$35
35 years$1,559$1,049$687$441$278$29
36 years$1,499$996$643$406$252$24
37 years$1,443$946$602$374$228$20
38 years$1,389$899$564$345$207$17
39 years$1,339$855$528$318$188$14
40 years$1,291$813$495$293$170$12
41 years$1,245$774$464$270$154$10
42 years$1,202$737$435$250$140$8
43 years$1,161$702$408$230$127$7
44 years$1,122$669$383$213$115$6
45 years$1,084$638$360$196$105$5
46 years$1,049$609$338$181$95$4
47 years$1,015$581$318$168$86$3
48 years$982$555$298$155$78$3
49 years$951$530$281$143$71$2
50 years$922$506$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $944,000, adding $5,260 every year, while hoping to spend $20,798 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: 30/46/24 Blend
49$944,000$944,000$944,000$944,000
50$1,045,714$995,682$981,050$1,069,177
51$1,130,248$1,022,341$991,786$1,114,337
52$1,222,707$1,049,610$1,002,185$1,160,684
53$1,323,878$1,077,496$1,012,213$1,210,119
54$1,434,627$1,106,006$1,021,835$1,262,922
55$1,555,907$1,135,149$1,031,015$1,319,403
56$1,688,769$1,164,931$1,039,713$1,379,904
57$1,834,368$1,195,357$1,047,889$1,444,799
58$1,993,980$1,226,435$1,055,499$1,514,502
59$2,169,005$1,258,170$1,062,498$1,589,468
60$2,360,990$1,290,567$1,068,837$1,670,197
61$2,571,635$1,323,629$1,074,468$1,757,244
62$2,802,816$1,357,361$1,079,337$1,851,215
63$3,056,597$1,391,766$1,083,388$1,952,781
64$3,335,252$1,426,844$1,086,564$2,062,681
65$3,641,287$1,462,599$1,088,803$2,181,729
66$3,977,461$1,499,029$1,090,041$2,310,820
67$4,346,816$1,536,135$1,090,211$2,450,943
68$4,752,699$1,573,913$1,089,241$2,603,188
69$5,198,801$1,612,362$1,087,058$2,768,753
70$5,689,188$1,651,477$1,083,583$2,948,962
71$6,228,338$1,691,252$1,078,735$3,145,272
72$6,821,184$1,731,679$1,072,429$3,359,290
73$7,473,164$1,772,751$1,064,575$3,592,787
74$8,190,267$1,814,456$1,055,078$3,847,714
75$8,979,092$1,856,782$1,043,841$4,126,224
76$9,846,910$1,899,714$1,030,760$4,430,686
77$10,801,731$1,943,237$1,015,727$4,763,715
78$11,852,383$1,987,331$998,629$5,128,193
79$13,008,592$2,031,976$979,349$5,527,294
80$14,281,072$2,077,146$957,761$5,964,519
81$15,681,632$2,122,817$933,736$6,443,728
82$17,223,281$2,168,958$907,139$6,969,173
83$18,920,356$2,215,537$877,828$7,545,544
84$20,788,651$2,262,517$845,655$8,178,007
85$22,845,573$2,309,860$810,464$8,872,260
86$25,110,300$2,357,522$772,093$9,634,582
87$27,603,965$2,405,455$730,373$10,471,896
88$30,349,856$2,453,608$685,126$11,391,830
89$33,373,631$2,501,925$636,167$12,402,795
90$36,703,565$2,550,343$583,303$13,514,062
91$40,370,817$2,598,798$526,332$14,735,849
92$44,409,718$2,647,217$465,042$16,079,419
93$48,858,101$2,695,523$399,213$17,557,187
94$53,757,655$2,743,631$328,614$19,182,839
95$59,154,319$2,791,451$253,005$20,971,459
96$65,098,713$2,838,886$172,135$22,939,673
97$71,646,621$2,885,831$85,741$25,105,807
98$78,859,513$2,932,173$0$27,490,062
99$86,805,125$2,977,792$0$30,116,355
100$95,558,101$3,022,557$0$33,031,113