Can I retire at age 50 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$78,615$77,915$77,232$76,565$75,914$72,988
2 years$38,918$38,194$37,491$36,810$36,149$33,237
3 years$25,688$24,960$24,259$23,585$22,935$20,127
4 years$19,074$18,348$17,655$16,991$16,357$13,675
5 years$15,107$14,385$13,701$13,051$12,434$9,886
6 years$12,463$11,747$11,072$10,437$9,839$7,425
7 years$10,575$9,865$9,201$8,581$8,002$5,721
8 years$9,159$8,456$7,803$7,198$6,638$4,489
9 years$8,059$7,362$6,721$6,131$5,590$3,570
10 years$7,180$6,490$5,859$5,285$4,763$2,868
11 years$6,460$5,777$5,159$4,600$4,097$2,322
12 years$5,862$5,185$4,578$4,035$3,550$1,891
13 years$5,355$4,686$4,090$3,562$3,096$1,547
14 years$4,921$4,260$3,675$3,162$2,714$1,271
15 years$4,546$3,891$3,318$2,820$2,389$1,048
16 years$4,218$3,570$3,008$2,525$2,112$866
17 years$3,928$3,288$2,737$2,269$1,872$717
18 years$3,671$3,038$2,499$2,044$1,665$594
19 years$3,442$2,816$2,288$1,847$1,484$494
20 years$3,236$2,617$2,100$1,673$1,325$410
21 years$3,049$2,437$1,931$1,518$1,186$342
22 years$2,880$2,275$1,780$1,381$1,063$284
23 years$2,725$2,128$1,643$1,257$954$237
24 years$2,584$1,994$1,520$1,147$858$198
25 years$2,454$1,871$1,408$1,047$772$165
26 years$2,335$1,758$1,306$958$695$138
27 years$2,224$1,655$1,212$877$627$115
28 years$2,122$1,559$1,127$803$566$96
29 years$2,027$1,471$1,049$736$511$80
30 years$1,938$1,389$977$676$461$67
31 years$1,855$1,313$911$621$417$56
32 years$1,778$1,243$850$570$377$47
33 years$1,705$1,177$793$525$342$39
34 years$1,637$1,115$741$483$309$33
35 years$1,572$1,058$693$444$280$27
36 years$1,512$1,004$648$409$254$23
37 years$1,455$954$607$377$230$19
38 years$1,401$906$568$348$209$16
39 years$1,350$862$532$320$189$13
40 years$1,302$820$499$296$172$11
41 years$1,256$781$468$273$156$9
42 years$1,212$743$439$252$141$8
43 years$1,171$708$412$232$128$7
44 years$1,131$675$387$214$116$5
45 years$1,094$644$363$198$106$5
46 years$1,058$614$341$183$96$4
47 years$1,023$586$320$169$87$3
48 years$991$559$301$156$79$3
49 years$959$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $952,000, adding $6,067 every year, while hoping to spend $37,054 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: 51/31/18 Blend
49$952,000$952,000$952,000$952,000
50$1,055,362$1,004,906$990,150$1,103,659
51$1,123,584$1,014,721$983,895$1,147,375
52$1,197,522$1,023,776$976,188$1,190,532
53$1,277,722$1,031,993$966,943$1,236,651
54$1,364,780$1,039,291$956,066$1,286,026
55$1,459,355$1,045,584$943,462$1,338,981
56$1,562,171$1,050,779$929,029$1,395,873
57$1,674,024$1,054,778$912,663$1,457,099
58$1,795,790$1,057,478$894,253$1,523,096
59$1,928,433$1,058,767$873,683$1,594,350
60$2,073,014$1,058,528$850,832$1,671,395
61$2,230,700$1,056,635$825,574$1,754,824
62$2,402,777$1,052,955$797,777$1,845,291
63$2,590,660$1,047,349$767,301$1,943,520
64$2,795,904$1,039,666$734,003$2,050,311
65$3,020,225$1,029,748$697,730$2,166,547
66$3,265,509$1,017,428$658,326$2,293,205
67$3,533,835$1,002,525$615,623$2,431,364
68$3,827,490$984,853$569,451$2,582,217
69$4,148,993$964,211$519,627$2,747,081
70$4,501,120$940,387$465,964$2,927,413
71$4,886,926$913,156$408,265$3,124,818
72$5,309,774$882,283$346,323$3,341,073
73$5,773,370$847,514$279,925$3,578,140
74$6,281,796$808,585$208,845$3,838,183
75$6,839,548$765,214$132,850$4,123,595
76$7,451,576$717,103$51,694$4,437,016
77$8,123,334$663,939$0$4,781,361
78$8,860,830$605,388$0$5,166,556
79$9,670,681$541,098$0$5,600,479
80$10,560,178$470,699$0$6,077,167
81$11,537,350$393,798$0$6,601,006
82$12,611,045$309,979$0$7,176,832
83$13,791,009$218,806$0$7,809,980
84$15,087,979$119,814$0$8,506,334
85$16,513,784$12,516$0$9,272,383
86$18,081,456$0$0$10,115,283
87$19,805,354$0$0$11,078,267
88$21,701,296$0$0$12,142,164
89$23,786,712$0$0$13,312,496
90$26,080,805$0$0$14,600,054
91$28,604,732$0$0$16,016,728
92$31,381,806$0$0$17,575,619
93$34,437,713$0$0$19,291,160
94$37,800,753$0$0$21,179,254
95$41,502,110$0$0$23,257,427
96$45,576,145$0$0$25,544,987
97$50,060,718$0$0$28,063,211
98$54,997,545$0$0$30,835,541
99$60,432,593$0$0$33,887,810
100$66,416,512$0$0$37,248,482