Can I retire at age 50 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$78,285$77,588$76,907$76,243$75,595$75,056
2 years$38,755$38,033$37,334$36,655$35,998$35,454
3 years$25,580$24,855$24,157$23,485$22,838$22,307
4 years$18,994$18,271$17,580$16,920$16,288$15,773
5 years$15,043$14,325$13,643$12,996$12,382$11,885
6 years$12,410$11,697$11,026$10,393$9,798$9,319
7 years$10,530$9,823$9,162$8,545$7,968$7,508
8 years$9,121$8,420$7,770$7,168$6,610$6,169
9 years$8,025$7,331$6,693$6,106$5,567$5,145
10 years$7,149$6,462$5,835$5,263$4,743$4,339
11 years$6,433$5,753$5,137$4,580$4,079$3,694
12 years$5,837$5,164$4,559$4,018$3,535$3,167
13 years$5,333$4,666$4,073$3,547$3,083$2,732
14 years$4,901$4,242$3,660$3,149$2,702$2,369
15 years$4,527$3,875$3,304$2,808$2,379$2,062
16 years$4,200$3,555$2,996$2,514$2,103$1,802
17 years$3,912$3,274$2,726$2,259$1,864$1,579
18 years$3,656$3,025$2,488$2,036$1,658$1,388
19 years$3,427$2,804$2,278$1,840$1,478$1,222
20 years$3,222$2,606$2,091$1,666$1,320$1,078
21 years$3,036$2,427$1,923$1,512$1,181$953
22 years$2,868$2,265$1,772$1,375$1,059$844
23 years$2,714$2,119$1,636$1,252$950$748
24 years$2,573$1,985$1,513$1,142$854$664
25 years$2,444$1,863$1,402$1,043$769$589
26 years$2,325$1,751$1,300$954$692$524
27 years$2,215$1,648$1,207$873$624$466
28 years$2,113$1,553$1,122$800$563$415
29 years$2,018$1,465$1,044$733$509$370
30 years$1,930$1,383$973$673$460$330
31 years$1,847$1,308$907$618$415$294
32 years$1,770$1,237$846$568$376$262
33 years$1,698$1,172$790$522$340$234
34 years$1,630$1,111$738$481$308$209
35 years$1,566$1,053$690$442$279$187
36 years$1,506$1,000$646$407$253$167
37 years$1,449$950$604$375$229$149
38 years$1,395$902$566$346$208$133
39 years$1,344$858$530$319$188$119
40 years$1,296$816$497$294$171$106
41 years$1,250$777$466$272$155$95
42 years$1,207$740$437$251$141$85
43 years$1,166$705$410$231$128$76
44 years$1,126$672$385$214$116$68
45 years$1,089$641$362$197$105$61
46 years$1,053$612$340$182$95$54
47 years$1,019$584$319$168$87$49
48 years$987$557$300$156$79$44
49 years$955$532$282$144$72$39
50 years$926$508$265$133$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $948,000, adding $6,081 every year, while hoping to spend $32,031 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: 54/29/17 Blend
49$948,000$948,000$948,000$948,000
50$1,050,969$1,000,725$986,031$1,102,611
51$1,124,087$1,015,679$984,982$1,153,513
52$1,203,589$1,030,293$982,824$1,204,971
53$1,290,094$1,044,516$979,487$1,260,271
54$1,384,279$1,058,293$974,896$1,319,790
55$1,486,894$1,071,568$968,973$1,383,939
56$1,598,759$1,084,277$961,636$1,453,177
57$1,720,782$1,096,356$952,800$1,528,006
58$1,853,957$1,107,733$942,375$1,608,982
59$1,999,383$1,118,334$930,266$1,696,720
60$2,158,266$1,128,078$916,376$1,791,895
61$2,331,936$1,136,881$900,602$1,895,255
62$2,521,857$1,144,651$882,835$2,007,625
63$2,729,639$1,151,292$862,963$2,129,914
64$2,957,058$1,156,701$840,868$2,263,127
65$3,206,067$1,160,768$816,426$2,408,370
66$3,478,817$1,163,377$789,508$2,566,867
67$3,777,678$1,164,405$759,978$2,739,966
68$4,105,260$1,163,720$727,696$2,929,156
69$4,464,437$1,161,182$692,514$3,136,078
70$4,858,373$1,156,643$654,277$3,362,543
71$5,290,556$1,149,947$612,824$3,610,551
72$5,764,825$1,140,927$567,986$3,882,307
73$6,285,410$1,129,406$519,587$4,180,243
74$6,856,971$1,115,196$467,442$4,507,043
75$7,484,641$1,098,099$411,360$4,865,666
76$8,174,073$1,077,905$351,139$5,259,379
77$8,931,496$1,054,390$286,570$5,691,783
78$9,763,772$1,027,318$217,433$6,166,852
79$10,678,459$996,439$143,500$6,688,967
80$11,683,887$961,490$64,532$7,262,962
81$12,789,229$922,188$0$7,894,168
82$14,004,594$878,239$0$8,592,046
83$15,341,118$829,328$0$9,372,223
84$16,811,072$775,125$0$10,230,182
85$18,427,973$715,278$0$11,173,861
86$20,206,717$649,417$0$12,212,010
87$22,163,714$577,151$0$13,354,275
88$24,317,046$498,064$0$14,611,291
89$26,686,636$411,720$0$15,994,779
90$29,294,435$317,657$0$17,517,662
91$32,164,631$215,386$0$19,194,184
92$35,323,876$104,392$0$21,040,048
93$38,801,534$0$0$23,072,563
94$42,629,965$0$0$25,315,873
95$46,844,821$0$0$27,822,400
96$51,485,391$0$0$30,582,209
97$56,594,965$0$0$33,621,059
98$62,221,244$0$0$36,967,334
99$68,416,791$0$0$40,652,314
100$75,239,528$0$0$44,710,461