Can I retire at age 50 with 947,000?

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 $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%19%
1 years$78,202$77,506$76,826$76,163$75,515$72,778
2 years$38,714$37,993$37,294$36,617$35,960$33,232
3 years$25,553$24,829$24,132$23,461$22,814$20,182
4 years$18,974$18,252$17,562$16,902$16,271$13,754
5 years$15,027$14,310$13,629$12,982$12,369$9,974
6 years$12,397$11,685$11,014$10,382$9,787$7,516
7 years$10,519$9,813$9,153$8,536$7,960$5,812
8 years$9,111$8,412$7,762$7,160$6,603$4,577
9 years$8,017$7,324$6,686$6,099$5,561$3,653
10 years$7,142$6,456$5,829$5,257$4,738$2,945
11 years$6,427$5,747$5,131$4,576$4,075$2,394
12 years$5,831$5,158$4,554$4,013$3,531$1,957
13 years$5,327$4,661$4,069$3,543$3,079$1,609
14 years$4,896$4,237$3,656$3,145$2,699$1,327
15 years$4,522$3,871$3,301$2,805$2,377$1,098
16 years$4,196$3,551$2,993$2,512$2,101$911
17 years$3,908$3,271$2,723$2,257$1,863$758
18 years$3,652$3,022$2,486$2,034$1,656$631
19 years$3,424$2,801$2,276$1,838$1,476$527
20 years$3,219$2,603$2,088$1,664$1,318$440
21 years$3,033$2,424$1,921$1,510$1,180$368
22 years$2,865$2,263$1,771$1,373$1,058$308
23 years$2,711$2,117$1,635$1,251$949$258
24 years$2,571$1,983$1,512$1,141$853$216
25 years$2,442$1,861$1,400$1,042$768$181
26 years$2,323$1,749$1,299$953$692$152
27 years$2,213$1,646$1,206$872$624$127
28 years$2,111$1,551$1,121$799$563$107
29 years$2,016$1,463$1,043$733$508$90
30 years$1,928$1,382$972$672$459$75
31 years$1,845$1,306$906$617$415$63
32 years$1,768$1,236$845$567$375$53
33 years$1,696$1,171$789$522$340$45
34 years$1,628$1,109$737$480$308$37
35 years$1,564$1,052$689$442$279$31
36 years$1,504$999$645$407$252$26
37 years$1,447$949$604$375$229$22
38 years$1,394$902$565$346$207$19
39 years$1,343$857$530$319$188$16
40 years$1,295$816$496$294$171$13
41 years$1,249$776$465$271$155$11
42 years$1,206$739$437$250$140$9
43 years$1,164$705$410$231$127$8
44 years$1,125$672$385$213$116$7
45 years$1,088$640$361$197$105$6
46 years$1,052$611$339$182$95$5
47 years$1,018$583$319$168$87$4
48 years$985$557$299$155$79$3
49 years$954$531$281$144$71$3
50 years$925$508$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $947,000, adding $5,403 every year, while hoping to spend $57,509 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: 63/17/20 Blend
49$947,000$947,000$947,000$947,000
50$1,049,167$998,976$984,298$1,109,555
51$1,094,993$986,737$956,083$1,138,649
52$1,143,566$971,970$924,995$1,163,464
53$1,195,105$954,492$890,877$1,189,235
54$1,249,850$934,107$853,566$1,216,057
55$1,308,064$910,607$812,890$1,244,042
56$1,370,033$883,774$768,668$1,273,312
57$1,436,073$853,375$720,715$1,304,006
58$1,506,527$819,165$668,834$1,336,279
59$1,581,772$780,884$612,819$1,370,304
60$1,662,223$738,257$552,458$1,406,275
61$1,748,331$690,993$487,527$1,444,408
62$1,840,594$638,784$417,792$1,484,947
63$1,939,556$581,307$343,010$1,528,160
64$2,045,816$518,216$262,927$1,574,350
65$2,160,031$449,150$177,276$1,623,852
66$2,282,919$373,724$85,780$1,677,042
67$2,415,273$291,533$0$1,734,336
68$2,557,962$202,148$0$1,798,731
69$2,711,939$105,118$0$1,887,912
70$2,878,253$0$0$1,984,196
71$3,058,057$0$0$2,088,300
72$3,252,616$0$0$2,222,279
73$3,463,324$0$0$2,367,435
74$3,691,710$0$0$2,524,828
75$3,939,459$0$0$2,695,628
76$4,208,420$0$0$2,881,116
77$4,500,631$0$0$3,082,707
78$4,818,330$0$0$3,301,952
79$5,163,981$0$0$3,540,563
80$5,540,295$0$0$3,800,418
81$5,950,255$0$0$4,083,589
82$6,397,144$0$0$4,392,352
83$6,884,575$0$0$4,729,214
84$7,416,523$0$0$5,096,935
85$7,997,367$0$0$5,498,551
86$8,631,923$0$0$5,937,407
87$9,325,498$0$0$6,417,183
88$10,083,930$0$0$6,941,932
89$10,913,651$0$0$7,516,118
90$11,821,739$0$0$8,144,652
91$12,815,991$0$0$8,832,946
92$13,904,993$0$0$9,586,959
93$15,098,199$0$0$10,413,253
94$16,406,021$0$0$11,319,053
95$17,839,927$0$0$12,312,321
96$19,412,547$0$0$13,401,821
97$21,137,792$0$0$14,597,210
98$23,030,985$0$0$15,909,124
99$25,109,003$0$0$17,349,277
100$27,390,437$0$0$18,930,575