Can I retire at age 50 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$78,780$78,079$77,394$76,726$76,073$73,345
2 years$39,000$38,274$37,570$36,887$36,225$33,506
3 years$25,742$25,012$24,310$23,634$22,983$20,358
4 years$19,114$18,387$17,692$17,027$16,392$13,882
5 years$15,138$14,415$13,729$13,078$12,461$10,072
6 years$12,489$11,771$11,095$10,459$9,860$7,594
7 years$10,597$9,886$9,220$8,599$8,019$5,875
8 years$9,179$8,474$7,820$7,213$6,652$4,629
9 years$8,076$7,378$6,735$6,144$5,602$3,697
10 years$7,195$6,503$5,872$5,296$4,773$2,983
11 years$6,474$5,789$5,169$4,609$4,105$2,426
12 years$5,874$5,196$4,588$4,043$3,557$1,985
13 years$5,366$4,696$4,099$3,569$3,102$1,632
14 years$4,932$4,268$3,683$3,169$2,719$1,348
15 years$4,556$3,899$3,325$2,826$2,394$1,116
16 years$4,227$3,578$3,015$2,530$2,116$927
17 years$3,937$3,295$2,743$2,273$1,876$771
18 years$3,679$3,045$2,504$2,049$1,668$643
19 years$3,449$2,822$2,292$1,851$1,487$537
20 years$3,242$2,622$2,104$1,677$1,328$449
21 years$3,055$2,442$1,935$1,522$1,189$376
22 years$2,886$2,280$1,784$1,384$1,065$314
23 years$2,731$2,132$1,647$1,260$956$264
24 years$2,590$1,998$1,523$1,149$860$221
25 years$2,460$1,875$1,411$1,050$774$185
26 years$2,340$1,762$1,308$960$697$156
27 years$2,229$1,658$1,215$878$628$131
28 years$2,126$1,563$1,129$805$567$110
29 years$2,031$1,474$1,051$738$512$92
30 years$1,942$1,392$979$677$462$77
31 years$1,859$1,316$913$622$418$65
32 years$1,781$1,245$852$572$378$55
33 years$1,708$1,179$795$526$342$46
34 years$1,640$1,118$743$484$310$39
35 years$1,576$1,060$695$445$281$32
36 years$1,515$1,006$650$410$254$27
37 years$1,458$956$608$378$230$23
38 years$1,404$908$569$348$209$19
39 years$1,353$864$534$321$189$16
40 years$1,304$822$500$296$172$14
41 years$1,258$782$469$273$156$11
42 years$1,215$745$440$252$141$10
43 years$1,173$710$413$233$128$8
44 years$1,133$677$387$215$117$7
45 years$1,096$645$364$199$106$6
46 years$1,060$615$342$183$96$5
47 years$1,026$587$321$169$87$4
48 years$993$561$302$157$79$3
49 years$961$535$284$145$72$3
50 years$931$511$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $954,000, adding $6,887 every year, while hoping to spend $54,787 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: 53/17/30 Blend
49$954,000$954,000$954,000$954,000
50$1,058,412$1,007,850$993,063$1,105,291
51$1,108,077$998,942$968,038$1,129,688
52$1,160,972$987,761$940,338$1,150,132
53$1,217,368$974,138$909,816$1,171,315
54$1,277,562$957,893$876,318$1,193,331
55$1,341,881$938,838$839,682$1,216,286
56$1,410,682$916,770$799,740$1,240,301
57$1,484,356$891,476$756,316$1,265,512
58$1,563,334$862,732$709,226$1,292,074
59$1,648,085$830,297$658,277$1,320,158
60$1,739,128$793,920$603,267$1,349,960
61$1,837,030$753,333$543,987$1,381,699
62$1,942,414$708,253$480,218$1,415,620
63$2,055,964$658,381$411,729$1,451,999
64$2,178,433$603,402$338,282$1,491,144
65$2,310,645$542,981$259,626$1,533,401
66$2,453,508$476,764$175,501$1,579,155
67$2,608,019$404,379$85,634$1,628,839
68$2,775,274$325,431$0$1,682,934
69$2,956,478$239,503$0$1,745,265
70$3,152,956$146,156$0$1,842,611
71$3,366,165$44,925$0$1,948,298
72$3,597,706$0$0$2,063,175
73$3,849,343$0$0$2,200,277
74$4,123,014$0$0$2,358,607
75$4,420,852$0$0$2,531,003
76$4,745,205$0$0$2,718,837
77$5,098,654$0$0$2,923,614
78$5,484,042$0$0$3,146,993
79$5,904,497$0$0$3,390,800
80$6,363,464$0$0$3,657,043
81$6,864,731$0$0$3,947,936
82$7,412,471$0$0$4,265,913
83$8,011,278$0$0$4,613,654
84$8,666,210$0$0$4,994,113
85$9,382,835$0$0$5,410,540
86$10,167,285$0$0$5,866,513
87$11,026,311$0$0$6,365,975
88$11,967,351$0$0$6,913,266
89$12,998,591$0$0$7,513,166
90$14,129,052$0$0$8,170,941
91$15,368,664$0$0$8,892,389
92$16,728,367$0$0$9,683,896
93$18,220,212$0$0$10,552,499
94$19,857,470$0$0$11,505,946
95$21,654,760$0$0$12,552,773
96$23,628,186$0$0$13,702,383
97$25,795,488$0$0$14,965,133
98$28,176,207$0$0$16,352,435
99$30,791,871$0$0$17,876,859
100$33,666,197$0$0$19,552,253