Can I retire at age 50 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$78,120$77,424$76,745$76,082$75,435$73,792
2 years$38,673$37,953$37,255$36,578$35,922$34,274
3 years$25,526$24,803$24,106$23,436$22,790$21,190
4 years$18,954$18,233$17,543$16,884$16,254$14,714
5 years$15,011$14,295$13,614$12,969$12,356$10,880
6 years$12,384$11,673$11,002$10,371$9,777$8,366
7 years$10,508$9,803$9,143$8,527$7,951$6,606
8 years$9,102$8,403$7,754$7,153$6,596$5,317
9 years$8,008$7,316$6,679$6,093$5,555$4,340
10 years$7,134$6,449$5,822$5,252$4,733$3,582
11 years$6,420$5,741$5,126$4,571$4,071$2,981
12 years$5,825$5,153$4,549$4,009$3,528$2,498
13 years$5,321$4,657$4,064$3,539$3,076$2,105
14 years$4,890$4,233$3,652$3,142$2,697$1,781
15 years$4,517$3,867$3,297$2,802$2,374$1,513
16 years$4,191$3,548$2,989$2,509$2,098$1,289
17 years$3,904$3,267$2,720$2,254$1,861$1,102
18 years$3,648$3,019$2,483$2,032$1,654$943
19 years$3,420$2,798$2,273$1,836$1,475$809
20 years$3,215$2,600$2,086$1,663$1,317$695
21 years$3,030$2,422$1,919$1,509$1,179$598
22 years$2,862$2,261$1,769$1,372$1,056$515
23 years$2,708$2,114$1,633$1,249$948$444
24 years$2,568$1,981$1,510$1,140$852$383
25 years$2,439$1,859$1,399$1,041$767$331
26 years$2,320$1,747$1,297$952$691$286
27 years$2,210$1,644$1,205$871$623$247
28 years$2,108$1,549$1,120$798$562$214
29 years$2,014$1,462$1,042$732$508$185
30 years$1,926$1,380$971$672$459$160
31 years$1,843$1,305$905$617$415$138
32 years$1,766$1,235$844$567$375$120
33 years$1,694$1,169$788$521$339$104
34 years$1,626$1,108$737$480$307$90
35 years$1,563$1,051$689$442$278$78
36 years$1,502$998$644$407$252$68
37 years$1,446$948$603$375$229$59
38 years$1,392$901$565$345$207$51
39 years$1,341$856$529$318$188$44
40 years$1,293$815$496$294$170$38
41 years$1,248$776$465$271$155$33
42 years$1,204$739$436$250$140$29
43 years$1,163$704$409$231$127$25
44 years$1,124$671$384$213$116$22
45 years$1,087$640$361$197$105$19
46 years$1,051$610$339$182$95$16
47 years$1,017$582$318$168$87$14
48 years$984$556$299$155$79$12
49 years$953$531$281$143$71$11
50 years$924$507$264$133$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $946,000, adding $5,871 every year, while hoping to spend $20,728 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: 64/15/21 Blend
49$946,000$946,000$946,000$946,000
50$1,048,548$998,410$983,747$1,109,645
51$1,133,445$1,025,278$994,648$1,178,354
52$1,226,308$1,052,767$1,005,220$1,250,523
53$1,327,925$1,080,887$1,015,429$1,328,890
54$1,439,169$1,109,645$1,025,241$1,414,061
55$1,560,997$1,139,051$1,034,619$1,506,707
56$1,694,464$1,169,110$1,043,525$1,607,564
57$1,840,735$1,199,832$1,051,918$1,717,446
58$2,001,088$1,231,222$1,059,755$1,837,247
59$2,176,934$1,263,286$1,066,992$1,967,952
60$2,369,826$1,296,032$1,073,581$2,110,648
61$2,581,474$1,329,464$1,079,472$2,266,532
62$2,813,763$1,363,586$1,084,613$2,436,921
63$3,068,769$1,398,404$1,088,949$2,623,269
64$3,348,777$1,433,919$1,092,423$2,827,176
65$3,656,306$1,470,135$1,094,973$3,050,405
66$3,994,131$1,507,054$1,096,536$3,294,900
67$4,365,308$1,544,675$1,097,046$3,562,802
68$4,773,204$1,582,998$1,096,431$3,856,470
69$5,221,528$1,622,022$1,094,619$4,178,505
70$5,714,367$1,661,745$1,091,532$4,531,772
71$6,256,223$1,702,161$1,087,089$4,919,427
72$6,852,057$1,743,266$1,081,205$5,344,951
73$7,507,333$1,785,053$1,073,792$5,812,177
74$8,228,073$1,827,512$1,064,757$6,325,330
75$9,020,911$1,870,635$1,054,000$6,889,066
76$9,893,156$1,914,408$1,041,421$7,508,517
77$10,852,862$1,958,818$1,026,913$8,189,337
78$11,908,901$2,003,847$1,010,362$8,937,758
79$13,071,052$2,049,478$991,651$9,760,647
80$14,350,086$2,095,690$970,659$10,665,571
81$15,757,874$2,142,458$947,255$11,660,871
82$17,307,495$2,189,756$921,306$12,755,739
83$19,013,360$2,237,555$892,670$13,960,302
84$20,891,349$2,285,821$861,201$15,285,725
85$22,958,960$2,334,520$826,745$16,744,308
86$25,235,473$2,383,611$789,140$18,349,609
87$27,742,134$2,433,050$748,218$20,116,568
88$30,502,352$2,482,789$703,804$22,061,651
89$33,541,923$2,532,778$655,713$24,203,002
90$36,889,274$2,582,958$603,754$26,560,620
91$40,575,725$2,633,269$547,725$29,156,543
92$44,635,793$2,683,642$487,417$32,015,056
93$49,107,509$2,734,007$422,612$35,162,925
94$54,032,786$2,784,283$353,079$38,629,648
95$59,457,804$2,834,387$278,581$42,447,730
96$65,433,454$2,884,227$198,869$46,652,995
97$72,015,816$2,933,703$113,680$51,284,923
98$79,266,686$2,982,711$22,745$56,387,022
99$87,254,160$3,031,136$0$62,007,240
100$96,053,278$3,078,855$0$68,215,066