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%17.4%
1 years$78,202$77,506$76,826$76,163$75,515$73,245
2 years$38,714$37,993$37,294$36,617$35,960$33,691
3 years$25,553$24,829$24,132$23,461$22,814$20,619
4 years$18,974$18,252$17,562$16,902$16,271$14,166
5 years$15,027$14,310$13,629$12,982$12,369$10,360
6 years$12,397$11,685$11,014$10,382$9,787$7,876
7 years$10,519$9,813$9,153$8,536$7,960$6,145
8 years$9,111$8,412$7,762$7,160$6,603$4,885
9 years$8,017$7,324$6,686$6,099$5,561$3,938
10 years$7,142$6,456$5,829$5,257$4,738$3,207
11 years$6,427$5,747$5,131$4,576$4,075$2,634
12 years$5,831$5,158$4,554$4,013$3,531$2,177
13 years$5,327$4,661$4,069$3,543$3,079$1,808
14 years$4,896$4,237$3,656$3,145$2,699$1,509
15 years$4,522$3,871$3,301$2,805$2,377$1,263
16 years$4,196$3,551$2,993$2,512$2,101$1,060
17 years$3,908$3,271$2,723$2,257$1,863$892
18 years$3,652$3,022$2,486$2,034$1,656$752
19 years$3,424$2,801$2,276$1,838$1,476$635
20 years$3,219$2,603$2,088$1,664$1,318$537
21 years$3,033$2,424$1,921$1,510$1,180$454
22 years$2,865$2,263$1,771$1,373$1,058$385
23 years$2,711$2,117$1,635$1,251$949$327
24 years$2,571$1,983$1,512$1,141$853$277
25 years$2,442$1,861$1,400$1,042$768$235
26 years$2,323$1,749$1,299$953$692$200
27 years$2,213$1,646$1,206$872$624$170
28 years$2,111$1,551$1,121$799$563$144
29 years$2,016$1,463$1,043$733$508$123
30 years$1,928$1,382$972$672$459$104
31 years$1,845$1,306$906$617$415$89
32 years$1,768$1,236$845$567$375$76
33 years$1,696$1,171$789$522$340$64
34 years$1,628$1,109$737$480$308$55
35 years$1,564$1,052$689$442$279$47
36 years$1,504$999$645$407$252$40
37 years$1,447$949$604$375$229$34
38 years$1,394$902$565$346$207$29
39 years$1,343$857$530$319$188$24
40 years$1,295$816$496$294$171$21
41 years$1,249$776$465$271$155$18
42 years$1,206$739$437$250$140$15
43 years$1,164$705$410$231$127$13
44 years$1,125$672$385$213$116$11
45 years$1,088$640$361$197$105$9
46 years$1,052$611$339$182$95$8
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$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $947,000, adding $3,670 every year, while hoping to spend $32,773 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: 66/17/17 Blend
49$947,000$947,000$947,000$947,000
50$1,047,380$997,189$982,510$1,111,923
51$1,119,342$1,011,181$980,554$1,169,559
52$1,197,546$1,024,760$977,434$1,228,401
53$1,282,594$1,037,871$973,076$1,291,923
54$1,375,149$1,050,457$967,404$1,360,582
55$1,475,938$1,062,453$960,336$1,434,884
56$1,585,764$1,073,794$951,788$1,515,385
57$1,705,510$1,084,408$941,671$1,602,698
58$1,836,147$1,094,219$929,892$1,697,500
59$1,978,745$1,103,146$916,353$1,800,539
60$2,134,479$1,111,103$900,954$1,912,635
61$2,304,646$1,117,997$883,586$2,034,697
62$2,490,673$1,123,731$864,139$2,167,726
63$2,694,129$1,128,202$842,495$2,312,824
64$2,916,744$1,131,298$818,533$2,471,208
65$3,160,422$1,132,901$792,123$2,644,219
66$3,427,259$1,132,888$763,134$2,833,338
67$3,719,565$1,131,125$731,424$3,040,194
68$4,039,882$1,127,471$696,848$3,266,587
69$4,391,010$1,121,777$659,253$3,514,501
70$4,776,034$1,113,885$618,479$3,786,121
71$5,198,350$1,103,626$574,358$4,083,860
72$5,661,700$1,090,822$526,717$4,410,376
73$6,170,204$1,075,283$475,374$4,768,601
74$6,728,403$1,056,810$420,137$5,161,768
75$7,341,297$1,035,191$360,808$5,593,441
76$8,014,394$1,010,199$297,179$6,067,550
77$8,753,761$981,599$229,034$6,588,427
78$9,566,084$949,136$156,146$7,160,851
79$10,458,726$912,545$78,278$7,790,088
80$11,439,800$871,544$0$8,481,944
81$12,518,244$825,833$0$9,243,698
82$13,703,903$775,098$0$10,096,741
83$15,007,627$719,004$0$11,034,692
84$16,441,368$657,197$0$12,066,178
85$18,018,293$589,306$0$13,200,712
86$19,752,912$514,935$0$14,448,775
87$21,661,210$433,667$0$15,821,919
88$23,760,799$345,063$0$17,332,875
89$26,071,086$248,656$0$18,995,674
90$28,613,453$143,957$0$20,825,780
91$31,411,459$30,445$0$22,840,236
92$34,491,065$0$0$25,057,825
93$37,880,872$0$0$27,516,536
94$41,612,399$0$0$30,229,449
95$45,720,374$0$0$33,216,124
96$50,243,063$0$0$36,504,394
97$55,222,631$0$0$40,124,924
98$60,705,540$0$0$44,111,506
99$66,742,988$0$0$48,501,376
100$73,391,388$0$0$53,335,563