Can I retire at age 50 with 955,000?

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 $955,000?

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$78,863$78,161$77,475$76,806$76,153$75,139
2 years$39,041$38,314$37,609$36,926$36,263$35,244
3 years$25,769$25,039$24,336$23,659$23,007$22,013
4 years$19,134$18,406$17,710$17,045$16,409$15,448
5 years$15,154$14,431$13,744$13,092$12,474$11,549
6 years$12,502$11,784$11,107$10,470$9,870$8,983
7 years$10,608$9,896$9,230$8,608$8,027$7,177
8 years$9,188$8,483$7,828$7,221$6,659$5,847
9 years$8,085$7,386$6,742$6,151$5,608$4,833
10 years$7,202$6,510$5,878$5,302$4,778$4,040
11 years$6,481$5,796$5,175$4,614$4,109$3,407
12 years$5,880$5,202$4,592$4,047$3,561$2,894
13 years$5,372$4,701$4,103$3,573$3,105$2,472
14 years$4,937$4,273$3,687$3,172$2,722$2,122
15 years$4,560$3,903$3,329$2,829$2,397$1,829
16 years$4,231$3,581$3,018$2,533$2,118$1,582
17 years$3,941$3,298$2,746$2,276$1,878$1,372
18 years$3,683$3,048$2,507$2,051$1,670$1,193
19 years$3,453$2,825$2,295$1,853$1,489$1,039
20 years$3,246$2,625$2,106$1,678$1,330$907
21 years$3,059$2,445$1,937$1,523$1,190$793
22 years$2,889$2,282$1,785$1,385$1,067$694
23 years$2,734$2,134$1,649$1,261$957$608
24 years$2,592$2,000$1,525$1,150$861$533
25 years$2,462$1,877$1,412$1,051$774$468
26 years$2,342$1,764$1,310$961$697$411
27 years$2,231$1,660$1,216$879$629$362
28 years$2,128$1,564$1,131$806$567$318
29 years$2,033$1,476$1,052$739$512$280
30 years$1,944$1,394$980$678$463$246
31 years$1,861$1,317$914$623$419$217
32 years$1,783$1,247$852$572$379$191
33 years$1,710$1,181$796$526$343$169
34 years$1,642$1,119$744$484$310$149
35 years$1,577$1,061$695$446$281$131
36 years$1,517$1,007$650$411$255$116
37 years$1,460$957$609$378$231$102
38 years$1,405$909$570$349$209$90
39 years$1,354$865$534$321$190$79
40 years$1,306$823$501$296$172$70
41 years$1,260$783$469$274$156$62
42 years$1,216$746$440$252$142$55
43 years$1,174$710$413$233$129$48
44 years$1,135$677$388$215$117$43
45 years$1,097$646$364$199$106$38
46 years$1,061$616$342$184$96$33
47 years$1,027$588$321$170$87$29
48 years$994$561$302$157$79$26
49 years$962$536$284$145$72$23
50 years$932$512$267$134$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $955,000, adding $2,410 every year, while hoping to spend $31,735 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: 51/23/26 Blend
49$955,000$955,000$955,000$955,000
50$1,054,896$1,004,281$989,478$1,100,879
51$1,128,730$1,019,725$988,860$1,148,545
52$1,209,030$1,034,862$987,158$1,196,947
53$1,296,425$1,049,644$984,301$1,248,943
54$1,391,602$1,064,018$980,217$1,304,886
55$1,495,320$1,077,929$974,828$1,365,170
56$1,608,413$1,091,318$968,055$1,430,228
57$1,731,799$1,104,121$959,814$1,500,537
58$1,866,490$1,116,270$950,014$1,576,626
59$2,013,598$1,127,693$938,566$1,659,078
60$2,174,347$1,138,312$925,370$1,748,537
61$2,350,087$1,148,046$910,326$1,845,714
62$2,542,302$1,156,806$893,328$1,951,393
63$2,752,627$1,164,500$874,265$2,066,441
64$2,982,861$1,171,027$853,019$2,191,815
65$3,234,988$1,176,282$829,470$2,328,570
66$3,511,190$1,180,153$803,491$2,477,872
67$3,813,871$1,182,520$774,947$2,641,008
68$4,145,678$1,183,256$743,700$2,819,397
69$4,509,528$1,182,226$709,604$3,014,607
70$4,908,631$1,179,287$672,508$3,228,367
71$5,346,525$1,174,286$632,251$3,462,587
72$5,827,107$1,167,062$588,668$3,719,372
73$6,354,669$1,157,445$541,585$4,001,047
74$6,933,937$1,145,252$490,820$4,310,176
75$7,570,120$1,130,290$436,184$4,649,589
76$8,268,955$1,112,357$377,478$5,022,407
77$9,036,761$1,091,236$314,497$5,432,076
78$9,880,501$1,066,697$247,023$5,882,396
79$10,807,846$1,038,498$174,832$6,377,557
80$11,827,245$1,006,384$97,687$6,922,184
81$12,948,008$970,080$15,344$7,521,378
82$14,180,392$929,302$0$8,180,766
83$15,535,698$883,743$0$8,926,674
84$17,026,375$833,082$0$9,751,677
85$18,666,141$776,979$0$10,659,141
86$20,470,111$715,074$0$11,657,471
87$22,454,936$646,987$0$12,755,936
88$24,638,964$572,314$0$13,964,748
89$27,042,413$490,632$0$15,295,168
90$29,687,558$401,491$0$16,759,605
91$32,598,941$304,417$0$18,371,738
92$35,803,609$198,909$0$20,146,646
93$39,331,359$84,438$0$22,100,948
94$43,215,026$0$0$24,252,961
95$47,490,792$0$0$26,632,888
96$52,198,522$0$0$29,276,904
97$57,382,147$0$0$32,188,323
98$63,090,072$0$0$35,394,351
99$69,375,635$0$0$38,924,962
100$76,297,613$0$0$42,813,188