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%16.3%
1 years$78,780$78,079$77,394$76,726$76,073$74,114
2 years$39,000$38,274$37,570$36,887$36,225$34,264
3 years$25,742$25,012$24,310$23,634$22,983$21,082
4 years$19,114$18,387$17,692$17,027$16,392$14,565
5 years$15,138$14,415$13,729$13,078$12,461$10,713
6 years$12,489$11,771$11,095$10,459$9,860$8,193
7 years$10,597$9,886$9,220$8,599$8,019$6,433
8 years$9,179$8,474$7,820$7,213$6,652$5,148
9 years$8,076$7,378$6,735$6,144$5,602$4,177
10 years$7,195$6,503$5,872$5,296$4,773$3,425
11 years$6,474$5,789$5,169$4,609$4,105$2,833
12 years$5,874$5,196$4,588$4,043$3,557$2,358
13 years$5,366$4,696$4,099$3,569$3,102$1,974
14 years$4,932$4,268$3,683$3,169$2,719$1,659
15 years$4,556$3,899$3,325$2,826$2,394$1,400
16 years$4,227$3,578$3,015$2,530$2,116$1,184
17 years$3,937$3,295$2,743$2,273$1,876$1,004
18 years$3,679$3,045$2,504$2,049$1,668$854
19 years$3,449$2,822$2,292$1,851$1,487$727
20 years$3,242$2,622$2,104$1,677$1,328$620
21 years$3,055$2,442$1,935$1,522$1,189$529
22 years$2,886$2,280$1,784$1,384$1,065$452
23 years$2,731$2,132$1,647$1,260$956$387
24 years$2,590$1,998$1,523$1,149$860$331
25 years$2,460$1,875$1,411$1,050$774$284
26 years$2,340$1,762$1,308$960$697$243
27 years$2,229$1,658$1,215$878$628$208
28 years$2,126$1,563$1,129$805$567$179
29 years$2,031$1,474$1,051$738$512$153
30 years$1,942$1,392$979$677$462$132
31 years$1,859$1,316$913$622$418$113
32 years$1,781$1,245$852$572$378$97
33 years$1,708$1,179$795$526$342$83
34 years$1,640$1,118$743$484$310$72
35 years$1,576$1,060$695$445$281$62
36 years$1,515$1,006$650$410$254$53
37 years$1,458$956$608$378$230$45
38 years$1,404$908$569$348$209$39
39 years$1,353$864$534$321$189$34
40 years$1,304$822$500$296$172$29
41 years$1,258$782$469$273$156$25
42 years$1,215$745$440$252$141$21
43 years$1,173$710$413$233$128$18
44 years$1,133$677$387$215$117$16
45 years$1,096$645$364$199$106$14
46 years$1,060$615$342$183$96$12
47 years$1,026$587$321$169$87$10
48 years$993$561$302$157$79$9
49 years$961$535$284$145$72$7
50 years$931$511$267$134$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $954,000, adding $3,646 every year, while hoping to spend $26,769 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: 68/13/19 Blend
49$954,000$954,000$954,000$954,000
50$1,055,069$1,004,507$989,720$1,121,649
51$1,134,204$1,025,246$994,393$1,187,342
52$1,220,513$1,046,104$998,326$1,255,709
53$1,314,701$1,067,058$1,001,466$1,329,840
54$1,417,541$1,088,085$1,003,756$1,410,300
55$1,529,887$1,109,157$1,005,138$1,497,713
56$1,652,676$1,130,246$1,005,550$1,592,766
57$1,786,941$1,151,321$1,004,929$1,696,217
58$1,933,821$1,172,347$1,003,206$1,808,901
59$2,094,569$1,193,290$1,000,311$1,931,738
60$2,270,562$1,214,109$996,169$2,065,740
61$2,463,321$1,234,761$990,702$2,212,026
62$2,674,518$1,255,203$983,828$2,371,827
63$2,905,995$1,275,384$975,463$2,546,499
64$3,159,780$1,295,252$965,515$2,737,539
65$3,438,110$1,314,751$953,891$2,946,595
66$3,743,444$1,333,820$940,493$3,175,483
67$4,078,493$1,352,396$925,218$3,426,207
68$4,446,243$1,370,407$907,957$3,700,972
69$4,849,985$1,387,782$888,598$4,002,212
70$5,293,340$1,404,440$867,023$4,332,608
71$5,780,299$1,420,296$843,107$4,695,115
72$6,315,261$1,435,262$816,722$5,092,991
73$6,903,067$1,449,239$787,732$5,529,824
74$7,549,055$1,462,127$755,996$6,009,573
75$8,259,103$1,473,815$721,366$6,536,599
76$9,039,687$1,484,188$683,687$7,115,708
77$9,897,942$1,493,120$642,798$7,752,199
78$10,841,730$1,500,481$598,530$8,451,912
79$11,879,712$1,506,130$550,706$9,221,283
80$13,021,429$1,509,917$499,141$10,067,407
81$14,277,397$1,511,685$443,644$10,998,104
82$15,659,198$1,511,264$384,013$12,021,990
83$17,179,597$1,508,476$320,038$13,148,566
84$18,852,655$1,503,131$251,499$14,388,300
85$20,693,869$1,495,028$178,167$15,752,732
86$22,720,311$1,483,952$99,803$17,254,580
87$24,950,794$1,469,677$16,158$18,907,861
88$27,406,047$1,451,962$0$20,728,025
89$30,108,908$1,430,553$0$22,746,920
90$33,084,546$1,405,179$0$24,972,950
91$36,360,691$1,375,555$0$27,423,579
92$39,967,902$1,341,377$0$30,121,663
93$43,939,848$1,302,325$0$33,092,389
94$48,313,632$1,258,058$0$36,363,514
95$53,130,137$1,208,218$0$39,965,625
96$58,434,414$1,152,423$0$43,932,428
97$64,276,105$1,090,273$0$48,301,068
98$70,709,912$1,021,340$0$53,112,478
99$77,796,113$945,176$0$58,411,767
100$85,601,131$861,304$0$64,248,643