Can I retire at age 50 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$78,450$77,751$77,070$76,404$75,754$73,183
2 years$38,837$38,113$37,412$36,733$36,073$33,509
3 years$25,634$24,908$24,208$23,535$22,887$20,409
4 years$19,034$18,310$17,617$16,956$16,323$13,951
5 years$15,075$14,355$13,672$13,024$12,408$10,149
6 years$12,436$11,722$11,049$10,415$9,818$7,673
7 years$10,552$9,844$9,182$8,563$7,985$5,953
8 years$9,140$8,438$7,787$7,183$6,624$4,705
9 years$8,042$7,347$6,707$6,118$5,579$3,769
10 years$7,165$6,476$5,847$5,274$4,753$3,051
11 years$6,447$5,765$5,148$4,590$4,088$2,489
12 years$5,849$5,175$4,568$4,026$3,543$2,043
13 years$5,344$4,676$4,082$3,554$3,089$1,686
14 years$4,911$4,251$3,667$3,155$2,708$1,397
15 years$4,536$3,883$3,311$2,814$2,384$1,161
16 years$4,209$3,563$3,002$2,520$2,107$968
17 years$3,920$3,281$2,732$2,264$1,868$808
18 years$3,664$3,032$2,494$2,040$1,661$676
19 years$3,435$2,810$2,283$1,843$1,481$567
20 years$3,229$2,611$2,095$1,670$1,323$476
21 years$3,043$2,432$1,927$1,515$1,184$400
22 years$2,874$2,270$1,776$1,378$1,061$336
23 years$2,720$2,123$1,640$1,255$952$283
24 years$2,579$1,989$1,517$1,144$856$238
25 years$2,449$1,867$1,405$1,045$770$200
26 years$2,330$1,755$1,303$956$694$169
27 years$2,220$1,651$1,210$875$626$142
28 years$2,117$1,556$1,125$801$564$120
29 years$2,022$1,468$1,047$735$510$101
30 years$1,934$1,386$975$674$461$85
31 years$1,851$1,311$909$619$416$72
32 years$1,774$1,240$848$569$377$61
33 years$1,701$1,174$792$523$341$51
34 years$1,633$1,113$740$482$309$43
35 years$1,569$1,056$692$443$280$37
36 years$1,509$1,002$647$408$253$31
37 years$1,452$952$606$376$230$26
38 years$1,398$904$567$347$208$22
39 years$1,347$860$531$320$189$19
40 years$1,299$818$498$295$171$16
41 years$1,253$779$467$272$155$13
42 years$1,209$742$438$251$141$11
43 years$1,168$707$411$232$128$9
44 years$1,129$674$386$214$116$8
45 years$1,091$642$362$198$105$7
46 years$1,055$613$340$183$96$6
47 years$1,021$585$320$169$87$5
48 years$989$558$300$156$79$4
49 years$957$533$282$144$72$3
50 years$928$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $950,000, adding $4,074 every year, while hoping to spend $26,423 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: 46/48/6 Blend
49$950,000$950,000$950,000$950,000
50$1,051,102$1,000,752$986,027$1,097,563
51$1,130,201$1,021,675$990,945$1,150,841
52$1,216,482$1,042,738$995,143$1,205,508
53$1,310,650$1,063,919$998,567$1,264,188
54$1,413,481$1,085,196$1,001,164$1,327,257
55$1,525,829$1,106,544$1,002,876$1,395,134
56$1,648,634$1,127,934$1,003,642$1,468,278
57$1,782,931$1,149,339$1,003,400$1,547,193
58$1,929,859$1,170,727$1,002,084$1,632,438
59$2,090,674$1,192,061$999,623$1,724,628
60$2,266,757$1,213,306$995,944$1,824,440
61$2,459,630$1,234,422$990,972$1,932,619
62$2,670,968$1,255,364$984,625$2,049,990
63$2,902,617$1,276,088$976,820$2,177,458
64$3,156,609$1,296,541$967,469$2,316,024
65$3,435,183$1,316,672$956,480$2,466,789
66$3,740,805$1,336,421$943,754$2,630,969
67$4,076,190$1,355,729$929,193$2,809,904
68$4,444,329$1,374,528$912,689$3,005,068
69$4,848,519$1,392,747$894,132$3,218,092
70$5,292,388$1,410,312$873,405$3,450,769
71$5,779,935$1,427,141$850,388$3,705,079
72$6,315,565$1,443,148$824,953$3,983,202
73$6,904,131$1,458,240$796,967$4,287,545
74$7,550,979$1,472,320$766,292$4,620,759
75$8,261,998$1,485,283$732,782$4,985,769
76$9,043,676$1,497,017$696,285$5,385,798
77$9,903,163$1,507,403$656,642$5,824,399
78$10,848,334$1,516,314$613,688$6,305,492
79$11,887,866$1,523,616$567,249$6,833,397
80$13,031,321$1,529,165$517,144$7,412,877
81$14,289,231$1,532,809$463,183$8,049,183
82$15,673,202$1,534,386$405,170$8,748,105
83$17,196,022$1,533,724$342,896$9,516,026
84$18,871,780$1,530,641$276,148$10,359,983
85$20,716,002$1,524,942$204,698$11,287,735
86$22,745,792$1,516,422$128,314$12,307,833
87$24,979,998$1,504,863$46,748$13,429,709
88$27,439,389$1,490,032$0$14,663,756
89$30,146,847$1,471,684$0$16,024,016
90$33,127,589$1,449,560$0$17,523,904
91$36,409,398$1,423,383$0$19,174,369
92$40,022,889$1,392,862$0$20,990,784
93$44,001,798$1,357,686$0$22,990,094
94$48,383,298$1,317,529$0$25,190,978
95$53,208,350$1,272,044$0$27,614,025
96$58,522,091$1,220,864$0$30,281,933
97$64,374,259$1,163,600$0$33,219,718
98$70,819,659$1,099,842$0$36,454,955
99$77,918,685$1,029,156$0$40,018,041
100$85,737,888$951,082$0$43,942,480