Can I retire at age 50 with 947,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$78,202$77,506$76,826$76,163$75,515$73,303
2 years$38,714$37,993$37,294$36,617$35,960$33,749
3 years$25,553$24,829$24,132$23,461$22,814$20,675
4 years$18,974$18,252$17,562$16,902$16,271$14,219
5 years$15,027$14,310$13,629$12,982$12,369$10,409
6 years$12,397$11,685$11,014$10,382$9,787$7,922
7 years$10,519$9,813$9,153$8,536$7,960$6,189
8 years$9,111$8,412$7,762$7,160$6,603$4,926
9 years$8,017$7,324$6,686$6,099$5,561$3,975
10 years$7,142$6,456$5,829$5,257$4,738$3,241
11 years$6,427$5,747$5,131$4,576$4,075$2,665
12 years$5,831$5,158$4,554$4,013$3,531$2,206
13 years$5,327$4,661$4,069$3,543$3,079$1,835
14 years$4,896$4,237$3,656$3,145$2,699$1,533
15 years$4,522$3,871$3,301$2,805$2,377$1,285
16 years$4,196$3,551$2,993$2,512$2,101$1,080
17 years$3,908$3,271$2,723$2,257$1,863$910
18 years$3,652$3,022$2,486$2,034$1,656$769
19 years$3,424$2,801$2,276$1,838$1,476$650
20 years$3,219$2,603$2,088$1,664$1,318$550
21 years$3,033$2,424$1,921$1,510$1,180$467
22 years$2,865$2,263$1,771$1,373$1,058$396
23 years$2,711$2,117$1,635$1,251$949$336
24 years$2,571$1,983$1,512$1,141$853$286
25 years$2,442$1,861$1,400$1,042$768$243
26 years$2,323$1,749$1,299$953$692$207
27 years$2,213$1,646$1,206$872$624$176
28 years$2,111$1,551$1,121$799$563$150
29 years$2,016$1,463$1,043$733$508$128
30 years$1,928$1,382$972$672$459$109
31 years$1,845$1,306$906$617$415$93
32 years$1,768$1,236$845$567$375$79
33 years$1,696$1,171$789$522$340$67
34 years$1,628$1,109$737$480$308$57
35 years$1,564$1,052$689$442$279$49
36 years$1,504$999$645$407$252$42
37 years$1,447$949$604$375$229$36
38 years$1,394$902$565$346$207$30
39 years$1,343$857$530$319$188$26
40 years$1,295$816$496$294$171$22
41 years$1,249$776$465$271$155$19
42 years$1,206$739$437$250$140$16
43 years$1,164$705$410$231$127$14
44 years$1,125$672$385$213$116$12
45 years$1,088$640$361$197$105$10
46 years$1,052$611$339$182$95$9
47 years$1,018$583$319$168$87$7
48 years$985$557$299$155$79$6
49 years$954$531$281$144$71$5
50 years$925$508$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $947,000, adding $2,951 every year, while hoping to spend $51,100 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: 66/19/15 Blend
49$947,000$947,000$947,000$947,000
50$1,046,638$996,447$981,768$1,111,793
51$1,099,025$990,903$960,288$1,150,148
52$1,155,043$983,374$936,375$1,185,823
53$1,215,008$973,711$909,894$1,223,550
54$1,279,267$961,751$880,704$1,263,527
55$1,348,201$947,325$848,656$1,305,974
56$1,422,228$930,254$813,596$1,351,136
57$1,501,805$910,347$775,362$1,399,282
58$1,587,436$887,401$733,783$1,450,713
59$1,679,674$861,203$688,684$1,505,760
60$1,779,125$831,526$639,880$1,564,791
61$1,886,456$798,131$587,176$1,628,214
62$2,002,399$760,764$530,371$1,696,478
63$2,127,760$719,157$469,254$1,770,085
64$2,263,422$673,027$403,605$1,849,586
65$2,410,359$622,073$333,194$1,935,595
66$2,569,640$565,979$257,779$2,028,787
67$2,742,440$504,408$177,112$2,129,914
68$2,930,052$437,008$90,929$2,239,804
69$3,133,900$363,403$0$2,359,375
70$3,355,547$283,199$0$2,489,810
71$3,596,714$195,978$0$2,647,605
72$3,859,296$101,298$0$2,819,482
73$4,145,376$0$0$3,006,862
74$4,457,248$0$0$3,211,590
75$4,797,436$0$0$3,458,063
76$5,168,718$0$0$3,727,121
77$5,574,152$0$0$4,020,987
78$6,017,105$0$0$4,342,109
79$6,501,281$0$0$4,693,181
80$7,030,762$0$0$5,077,171
81$7,610,041$0$0$5,497,343
82$8,244,063$0$0$5,957,296
83$8,938,276$0$0$6,460,990
84$9,698,679$0$0$7,012,786
85$10,531,876$0$0$7,617,487
86$11,445,143$0$0$8,280,385
87$12,446,493$0$0$9,007,303
88$13,544,750$0$0$9,804,661
89$14,749,633$0$0$10,679,526
90$16,071,849$0$0$11,639,682
91$17,523,190$0$0$12,693,706
92$19,116,647$0$0$13,851,044
93$20,866,528$0$0$15,122,102
94$22,788,596$0$0$16,518,343
95$24,900,216$0$0$18,052,394
96$27,220,518$0$0$19,738,168
97$29,770,575$0$0$21,590,990
98$32,573,606$0$0$23,627,746
99$35,655,188$0$0$25,867,036
100$39,043,503$0$0$28,329,356