Can I retire at age 50 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$78,533$77,833$77,151$76,485$75,834$74,824
2 years$38,878$38,154$37,452$36,771$36,111$35,096
3 years$25,661$24,934$24,234$23,560$22,911$21,921
4 years$19,054$18,329$17,636$16,974$16,340$15,383
5 years$15,091$14,370$13,686$13,037$12,421$11,501
6 years$12,449$11,734$11,061$10,426$9,829$8,945
7 years$10,564$9,854$9,191$8,572$7,993$7,147
8 years$9,150$8,447$7,795$7,191$6,631$5,823
9 years$8,051$7,355$6,714$6,125$5,584$4,813
10 years$7,172$6,483$5,853$5,280$4,758$4,023
11 years$6,454$5,771$5,153$4,595$4,092$3,393
12 years$5,855$5,180$4,573$4,030$3,546$2,882
13 years$5,350$4,681$4,086$3,558$3,092$2,462
14 years$4,916$4,255$3,671$3,159$2,711$2,113
15 years$4,541$3,887$3,315$2,817$2,387$1,821
16 years$4,213$3,566$3,005$2,522$2,109$1,575
17 years$3,924$3,284$2,735$2,266$1,870$1,366
18 years$3,668$3,035$2,496$2,042$1,663$1,188
19 years$3,438$2,813$2,285$1,845$1,482$1,035
20 years$3,232$2,614$2,097$1,671$1,324$903
21 years$3,046$2,435$1,929$1,517$1,185$789
22 years$2,877$2,273$1,778$1,379$1,062$691
23 years$2,723$2,126$1,642$1,256$953$605
24 years$2,581$1,992$1,518$1,146$857$531
25 years$2,452$1,869$1,406$1,046$771$466
26 years$2,332$1,756$1,304$957$695$409
27 years$2,222$1,653$1,211$876$626$360
28 years$2,120$1,558$1,126$802$565$317
29 years$2,024$1,469$1,048$736$510$279
30 years$1,936$1,388$976$675$461$245
31 years$1,853$1,312$910$620$417$216
32 years$1,776$1,241$849$570$377$190
33 years$1,703$1,176$793$524$341$168
34 years$1,635$1,114$741$482$309$148
35 years$1,571$1,057$692$444$280$131
36 years$1,510$1,003$648$409$254$115
37 years$1,453$953$606$377$230$102
38 years$1,399$905$568$347$208$90
39 years$1,348$861$532$320$189$79
40 years$1,300$819$499$295$171$70
41 years$1,254$780$467$272$155$62
42 years$1,211$743$438$251$141$54
43 years$1,169$707$411$232$128$48
44 years$1,130$674$386$214$116$42
45 years$1,092$643$363$198$105$37
46 years$1,057$613$341$183$96$33
47 years$1,022$585$320$169$87$29
48 years$990$559$301$156$79$26
49 years$958$534$283$144$72$23
50 years$929$510$266$133$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $951,000, adding $6,873 every year, while hoping to spend $47,081 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: 61/31/8 Blend
49$951,000$951,000$951,000$951,000
50$1,055,091$1,004,688$989,948$1,117,249
51$1,112,617$1,003,824$973,017$1,158,818
52$1,174,432$1,001,340$953,942$1,198,113
53$1,240,925$997,106$932,599$1,239,800
54$1,312,521$990,986$908,863$1,284,110
55$1,389,688$982,834$882,600$1,331,299
56$1,472,939$972,497$853,670$1,381,652
57$1,562,840$959,810$821,929$1,435,482
58$1,660,010$944,600$787,224$1,493,139
59$1,765,130$926,685$749,395$1,555,007
60$1,878,951$905,870$708,277$1,621,512
61$2,002,295$881,949$663,696$1,693,129
62$2,136,069$854,704$615,469$1,770,379
63$2,281,268$823,905$563,407$1,853,843
64$2,438,987$789,307$507,312$1,944,160
65$2,610,433$750,652$446,976$2,042,039
66$2,796,931$707,667$382,183$2,148,266
67$2,999,938$660,063$312,707$2,263,708
68$3,221,060$607,535$238,311$2,389,326
69$3,462,064$549,759$158,750$2,526,181
70$3,724,892$486,395$73,765$2,675,449
71$4,011,684$417,081$0$2,838,426
72$4,324,794$341,437$0$3,017,996
73$4,666,816$259,060$0$3,221,114
74$5,040,601$169,524$0$3,443,256
75$5,449,293$72,381$0$3,686,388
76$5,896,349$0$0$3,952,682
77$6,385,579$0$0$4,255,738
78$6,921,176$0$0$4,614,618
79$7,507,758$0$0$5,007,736
80$8,150,412$0$0$5,438,508
81$8,854,737$0$0$5,910,698
82$9,626,902$0$0$6,428,451
83$10,473,702$0$0$6,996,334
84$11,402,617$0$0$7,619,374
85$12,421,891$0$0$8,303,111
86$13,540,601$0$0$9,053,646
87$14,768,748$0$0$9,877,699
88$16,117,346$0$0$10,782,674
89$17,598,530$0$0$11,776,726
90$19,225,667$0$0$12,868,840
91$21,013,483$0$0$14,068,911
92$22,978,200$0$0$15,387,845
93$25,137,691$0$0$16,837,653
94$27,511,645$0$0$18,431,570
95$30,121,754$0$0$20,184,175
96$32,991,917$0$0$22,111,532
97$36,148,467$0$0$24,231,339
98$39,620,413$0$0$26,563,096
99$43,439,718$0$0$29,128,288
100$47,641,600$0$0$31,950,585