Can I retire at age 50 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$78,037$77,342$76,664$76,002$75,356$74,322
2 years$38,632$37,913$37,215$36,539$35,884$34,844
3 years$25,499$24,776$24,081$23,411$22,766$21,753
4 years$18,934$18,213$17,525$16,866$16,237$15,258
5 years$14,996$14,279$13,600$12,955$12,343$11,401
6 years$12,371$11,660$10,991$10,360$9,767$8,863
7 years$10,497$9,792$9,133$8,518$7,943$7,077
8 years$9,092$8,394$7,746$7,145$6,589$5,762
9 years$8,000$7,308$6,671$6,086$5,549$4,760
10 years$7,127$6,442$5,816$5,246$4,728$3,977
11 years$6,413$5,735$5,121$4,566$4,066$3,351
12 years$5,818$5,147$4,544$4,005$3,524$2,845
13 years$5,316$4,652$4,060$3,536$3,073$2,429
14 years$4,885$4,228$3,648$3,139$2,694$2,084
15 years$4,513$3,863$3,294$2,799$2,372$1,795
16 years$4,187$3,544$2,986$2,506$2,096$1,551
17 years$3,900$3,264$2,717$2,252$1,859$1,344
18 years$3,645$3,016$2,481$2,029$1,653$1,168
19 years$3,417$2,795$2,271$1,834$1,473$1,017
20 years$3,212$2,597$2,084$1,661$1,316$886
21 years$3,027$2,419$1,917$1,507$1,177$774
22 years$2,859$2,258$1,767$1,370$1,055$677
23 years$2,705$2,112$1,631$1,248$947$593
24 years$2,565$1,979$1,509$1,138$852$520
25 years$2,436$1,857$1,397$1,040$766$456
26 years$2,318$1,745$1,296$951$690$400
27 years$2,208$1,643$1,203$870$622$352
28 years$2,106$1,548$1,119$797$561$309
29 years$2,012$1,460$1,041$731$507$272
30 years$1,924$1,379$970$671$458$239
31 years$1,841$1,304$904$616$414$210
32 years$1,764$1,233$843$566$375$185
33 years$1,692$1,168$788$521$339$163
34 years$1,625$1,107$736$479$307$144
35 years$1,561$1,050$688$441$278$127
36 years$1,501$997$644$406$252$112
37 years$1,444$947$602$374$228$98
38 years$1,391$900$564$345$207$87
39 years$1,340$855$529$318$188$76
40 years$1,292$814$495$293$170$67
41 years$1,246$775$464$271$154$59
42 years$1,203$738$436$250$140$52
43 years$1,162$703$409$231$127$46
44 years$1,123$670$384$213$115$41
45 years$1,085$639$360$197$105$36
46 years$1,050$610$338$182$95$32
47 years$1,016$582$318$168$86$28
48 years$983$555$299$155$78$25
49 years$952$530$281$143$71$22
50 years$923$507$264$132$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $945,000, adding $6,547 every year, while hoping to spend $50,219 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: 69/11/20 Blend
49$945,000$945,000$945,000$945,000
50$1,048,143$998,058$983,411$1,114,867
51$1,101,621$993,530$962,922$1,155,737
52$1,158,871$987,098$940,065$1,193,940
53$1,220,224$978,614$914,705$1,234,514
54$1,286,044$967,923$886,705$1,277,689
55$1,356,730$954,861$855,919$1,323,719
56$1,432,721$939,254$822,197$1,372,887
57$1,514,498$920,917$785,380$1,425,504
58$1,602,589$899,653$745,302$1,481,916
59$1,697,573$875,257$701,790$1,542,504
60$1,800,089$847,508$654,663$1,607,690
61$1,910,837$816,174$603,733$1,677,941
62$2,030,585$781,010$548,801$1,753,772
63$2,160,181$741,755$489,662$1,835,756
64$2,300,553$698,135$426,099$1,924,522
65$2,452,724$649,858$357,889$2,020,768
66$2,617,819$596,618$284,794$2,125,264
67$2,797,072$538,089$206,571$2,238,864
68$2,991,846$473,927$122,963$2,362,509
69$3,203,634$403,769$33,703$2,497,238
70$3,434,084$327,233$0$2,644,202
71$3,685,005$243,912$0$2,817,806
72$3,958,390$153,379$0$3,014,848
73$4,256,433$55,181$0$3,229,741
74$4,581,546$0$0$3,464,266
75$4,936,385$0$0$3,726,577
76$5,323,876$0$0$4,020,368
77$5,747,235$0$0$4,341,406
78$6,210,007$0$0$4,692,385
79$6,716,094$0$0$5,076,272
80$7,269,790$0$0$5,496,330
81$7,875,826$0$0$5,956,156
82$8,539,410$0$0$6,459,710
83$9,266,278$0$0$7,011,350
84$10,062,745$0$0$7,615,880
85$10,935,768$0$0$8,278,587
86$11,893,008$0$0$9,005,295
87$12,942,902$0$0$9,802,420
88$14,094,746$0$0$10,677,027
89$15,358,775$0$0$11,636,899
90$16,746,265$0$0$12,690,608
91$18,269,638$0$0$13,847,598
92$19,942,575$0$0$15,118,272
93$21,780,149$0$0$16,514,088
94$23,798,964$0$0$18,047,671
95$26,017,311$0$0$19,732,927
96$28,455,341$0$0$21,585,177
97$31,135,254$0$0$23,621,302
98$34,081,509$0$0$25,859,895
99$37,321,051$0$0$28,321,446
100$40,883,568$0$0$31,028,525