Can I retire at age 50 with 950,000?

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 $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%18.6%
1 years$78,450$77,751$77,070$76,404$75,754$73,125
2 years$38,837$38,113$37,412$36,733$36,073$33,451
3 years$25,634$24,908$24,208$23,535$22,887$20,354
4 years$19,034$18,310$17,617$16,956$16,323$13,900
5 years$15,075$14,355$13,672$13,024$12,408$10,101
6 years$12,436$11,722$11,049$10,415$9,818$7,628
7 years$10,552$9,844$9,182$8,563$7,985$5,912
8 years$9,140$8,438$7,787$7,183$6,624$4,667
9 years$8,042$7,347$6,707$6,118$5,579$3,734
10 years$7,165$6,476$5,847$5,274$4,753$3,018
11 years$6,447$5,765$5,148$4,590$4,088$2,459
12 years$5,849$5,175$4,568$4,026$3,543$2,017
13 years$5,344$4,676$4,082$3,554$3,089$1,662
14 years$4,911$4,251$3,667$3,155$2,708$1,375
15 years$4,536$3,883$3,311$2,814$2,384$1,141
16 years$4,209$3,563$3,002$2,520$2,107$950
17 years$3,920$3,281$2,732$2,264$1,868$792
18 years$3,664$3,032$2,494$2,040$1,661$662
19 years$3,435$2,810$2,283$1,843$1,481$554
20 years$3,229$2,611$2,095$1,670$1,323$464
21 years$3,043$2,432$1,927$1,515$1,184$389
22 years$2,874$2,270$1,776$1,378$1,061$327
23 years$2,720$2,123$1,640$1,255$952$274
24 years$2,579$1,989$1,517$1,144$856$231
25 years$2,449$1,867$1,405$1,045$770$194
26 years$2,330$1,755$1,303$956$694$163
27 years$2,220$1,651$1,210$875$626$137
28 years$2,117$1,556$1,125$801$564$116
29 years$2,022$1,468$1,047$735$510$97
30 years$1,934$1,386$975$674$461$82
31 years$1,851$1,311$909$619$416$69
32 years$1,774$1,240$848$569$377$58
33 years$1,701$1,174$792$523$341$49
34 years$1,633$1,113$740$482$309$41
35 years$1,569$1,056$692$443$280$35
36 years$1,509$1,002$647$408$253$29
37 years$1,452$952$606$376$230$25
38 years$1,398$904$567$347$208$21
39 years$1,347$860$531$320$189$18
40 years$1,299$818$498$295$171$15
41 years$1,253$779$467$272$155$12
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$7
45 years$1,091$642$362$198$105$6
46 years$1,055$613$340$183$96$5
47 years$1,021$585$320$169$87$4
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 $5,147 every year, while hoping to spend $59,338 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: 72/9/19 Blend
49$950,000$950,000$950,000$950,000
50$1,052,209$1,001,859$987,134$1,122,842
51$1,096,399$987,815$957,068$1,156,438
52$1,143,108$971,094$924,006$1,185,595
53$1,192,530$951,502$887,785$1,216,019
54$1,244,876$928,835$848,234$1,247,825
55$1,300,380$902,873$805,176$1,281,141
56$1,359,293$873,389$758,424$1,316,111
57$1,421,893$840,137$707,783$1,352,892
58$1,488,483$802,860$653,051$1,391,662
59$1,559,394$761,286$594,014$1,432,616
60$1,634,989$715,126$530,450$1,475,971
61$1,715,666$664,075$462,128$1,521,969
62$1,801,860$607,811$388,805$1,570,877
63$1,894,048$545,992$310,229$1,622,993
64$1,992,754$478,259$226,134$1,678,645
65$2,098,552$404,230$136,247$1,738,200
66$2,212,071$323,504$40,278$1,802,063
67$2,334,002$235,656$0$1,870,683
68$2,465,103$140,237$0$1,957,155
69$2,606,208$36,772$0$2,058,967
70$2,758,229$0$0$2,168,622
71$2,922,172$0$0$2,294,318
72$3,099,139$0$0$2,433,967
73$3,290,341$0$0$2,584,887
74$3,497,112$0$0$2,748,135
75$3,720,915$0$0$2,924,871
76$3,963,360$0$0$3,116,371
77$4,226,215$0$0$3,324,039
78$4,511,428$0$0$3,549,418
79$4,821,138$0$0$3,794,205
80$5,157,698$0$0$4,060,267
81$5,523,699$0$0$4,349,657
82$5,921,990$0$0$4,664,635
83$6,355,704$0$0$5,007,687
84$6,828,292$0$0$5,381,549
85$7,343,550$0$0$5,789,232
86$7,905,656$0$0$6,234,050
87$8,519,207$0$0$6,719,650
88$9,189,267$0$0$7,250,048
89$9,921,408$0$0$7,829,663
90$10,721,765$0$0$8,463,363
91$11,597,091$0$0$9,156,505
92$12,554,825$0$0$9,914,989
93$13,603,155$0$0$10,745,311
94$14,751,097$0$0$11,654,623
95$16,008,584$0$0$12,650,805
96$17,386,549$0$0$13,742,530
97$18,897,038$0$0$14,939,353
98$20,553,314$0$0$16,251,797
99$22,369,986$0$0$17,691,453
100$24,363,146$0$0$19,271,086