Can I retire at age 50 with 948,000?

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 $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%13.1%
1 years$78,285$77,588$76,907$76,243$75,595$74,619
2 years$38,755$38,033$37,334$36,655$35,998$35,016
3 years$25,580$24,855$24,157$23,485$22,838$21,881
4 years$18,994$18,271$17,580$16,920$16,288$15,364
5 years$15,043$14,325$13,643$12,996$12,382$11,492
6 years$12,410$11,697$11,026$10,393$9,798$8,943
7 years$10,530$9,823$9,162$8,545$7,968$7,150
8 years$9,121$8,420$7,770$7,168$6,610$5,828
9 years$8,025$7,331$6,693$6,106$5,567$4,820
10 years$7,149$6,462$5,835$5,263$4,743$4,031
11 years$6,433$5,753$5,137$4,580$4,079$3,402
12 years$5,837$5,164$4,559$4,018$3,535$2,891
13 years$5,333$4,666$4,073$3,547$3,083$2,472
14 years$4,901$4,242$3,660$3,149$2,702$2,123
15 years$4,527$3,875$3,304$2,808$2,379$1,831
16 years$4,200$3,555$2,996$2,514$2,103$1,585
17 years$3,912$3,274$2,726$2,259$1,864$1,375
18 years$3,656$3,025$2,488$2,036$1,658$1,197
19 years$3,427$2,804$2,278$1,840$1,478$1,043
20 years$3,222$2,606$2,091$1,666$1,320$911
21 years$3,036$2,427$1,923$1,512$1,181$797
22 years$2,868$2,265$1,772$1,375$1,059$698
23 years$2,714$2,119$1,636$1,252$950$612
24 years$2,573$1,985$1,513$1,142$854$537
25 years$2,444$1,863$1,402$1,043$769$472
26 years$2,325$1,751$1,300$954$692$415
27 years$2,215$1,648$1,207$873$624$365
28 years$2,113$1,553$1,122$800$563$322
29 years$2,018$1,465$1,044$733$509$283
30 years$1,930$1,383$973$673$460$250
31 years$1,847$1,308$907$618$415$220
32 years$1,770$1,237$846$568$376$194
33 years$1,698$1,172$790$522$340$171
34 years$1,630$1,111$738$481$308$151
35 years$1,566$1,053$690$442$279$133
36 years$1,506$1,000$646$407$253$118
37 years$1,449$950$604$375$229$104
38 years$1,395$902$566$346$208$92
39 years$1,344$858$530$319$188$81
40 years$1,296$816$497$294$171$72
41 years$1,250$777$466$272$155$63
42 years$1,207$740$437$251$141$56
43 years$1,166$705$410$231$128$49
44 years$1,126$672$385$214$116$44
45 years$1,089$641$362$197$105$39
46 years$1,053$612$340$182$95$34
47 years$1,019$584$319$168$87$30
48 years$987$557$300$156$79$27
49 years$955$532$282$144$72$24
50 years$926$508$265$133$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $948,000, adding $3,020 every year, while hoping to spend $42,804 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: 29/45/26 Blend
49$948,000$948,000$948,000$948,000
50$1,047,811$997,567$982,873$1,069,681
51$1,109,145$1,000,905$970,256$1,090,403
52$1,175,300$1,002,971$955,782$1,108,718
53$1,246,723$1,003,659$939,343$1,127,540
54$1,323,905$1,002,855$920,827$1,146,943
55$1,407,384$1,000,436$900,117$1,167,009
56$1,497,755$996,275$877,088$1,187,836
57$1,595,668$990,235$851,613$1,209,531
58$1,701,841$982,171$823,556$1,232,220
59$1,817,060$971,929$792,777$1,256,044
60$1,942,194$959,346$759,128$1,281,164
61$2,078,194$944,251$722,455$1,307,761
62$2,226,110$926,460$682,598$1,336,042
63$2,387,096$905,779$639,388$1,366,238
64$2,562,421$882,003$592,648$1,398,611
65$2,753,482$854,915$542,196$1,433,456
66$2,961,816$824,285$487,839$1,471,104
67$3,189,116$789,870$429,376$1,511,928
68$3,437,245$751,413$366,599$1,556,344
69$3,708,252$708,640$299,288$1,604,821
70$4,004,395$661,264$227,215$1,657,883
71$4,328,158$608,981$150,142$1,716,117
72$4,682,277$551,468$67,819$1,780,177
73$5,069,765$488,386$0$1,850,797
74$5,493,938$419,374$0$1,934,352
75$5,958,449$344,053$0$2,046,635
76$6,467,321$262,021$0$2,169,908
77$7,024,982$172,855$0$2,305,385
78$7,636,312$76,106$0$2,454,414
79$8,306,683$0$0$2,618,488
80$9,042,013$0$0$2,813,472
81$9,848,820$0$0$3,068,912
82$10,734,284$0$0$3,349,414
83$11,706,313$0$0$3,657,502
84$12,773,619$0$0$3,995,958
85$13,945,798$0$0$4,367,846
86$15,233,421$0$0$4,776,543
87$16,648,134$0$0$5,225,767
88$18,202,766$0$0$5,719,615
89$19,911,450$0$0$6,262,601
90$21,789,759$0$0$6,859,699
91$23,854,847$0$0$7,516,388
92$26,125,613$0$0$8,238,704
93$28,622,881$0$0$9,033,299
94$31,369,592$0$0$9,907,503
95$34,391,024$0$0$10,869,388
96$37,715,027$0$0$11,927,852
97$41,372,286$0$0$13,092,697
98$45,396,611$0$0$14,374,726
99$49,825,254$0$0$15,785,838
100$54,699,261$0$0$17,339,148