Can I retire at age 50 with 955,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$78,863$78,161$77,475$76,806$76,153$73,627
2 years$39,041$38,314$37,609$36,926$36,263$33,743
3 years$25,769$25,039$24,336$23,659$23,007$20,571
4 years$19,134$18,406$17,710$17,045$16,409$14,076
5 years$15,154$14,431$13,744$13,092$12,474$10,251
6 years$12,502$11,784$11,107$10,470$9,870$7,759
7 years$10,608$9,896$9,230$8,608$8,027$6,027
8 years$9,188$8,483$7,828$7,221$6,659$4,768
9 years$8,085$7,386$6,742$6,151$5,608$3,825
10 years$7,202$6,510$5,878$5,302$4,778$3,100
11 years$6,481$5,796$5,175$4,614$4,109$2,532
12 years$5,880$5,202$4,592$4,047$3,561$2,082
13 years$5,372$4,701$4,103$3,573$3,105$1,720
14 years$4,937$4,273$3,687$3,172$2,722$1,427
15 years$4,560$3,903$3,329$2,829$2,397$1,188
16 years$4,231$3,581$3,018$2,533$2,118$991
17 years$3,941$3,298$2,746$2,276$1,878$829
18 years$3,683$3,048$2,507$2,051$1,670$695
19 years$3,453$2,825$2,295$1,853$1,489$583
20 years$3,246$2,625$2,106$1,678$1,330$490
21 years$3,059$2,445$1,937$1,523$1,190$412
22 years$2,889$2,282$1,785$1,385$1,067$347
23 years$2,734$2,134$1,649$1,261$957$293
24 years$2,592$2,000$1,525$1,150$861$247
25 years$2,462$1,877$1,412$1,051$774$208
26 years$2,342$1,764$1,310$961$697$176
27 years$2,231$1,660$1,216$879$629$148
28 years$2,128$1,564$1,131$806$567$125
29 years$2,033$1,476$1,052$739$512$106
30 years$1,944$1,394$980$678$463$89
31 years$1,861$1,317$914$623$419$76
32 years$1,783$1,247$852$572$379$64
33 years$1,710$1,181$796$526$343$54
34 years$1,642$1,119$744$484$310$46
35 years$1,577$1,061$695$446$281$39
36 years$1,517$1,007$650$411$255$33
37 years$1,460$957$609$378$231$28
38 years$1,405$909$570$349$209$23
39 years$1,354$865$534$321$190$20
40 years$1,306$823$501$296$172$17
41 years$1,260$783$469$274$156$14
42 years$1,216$746$440$252$142$12
43 years$1,174$710$413$233$129$10
44 years$1,135$677$388$215$117$9
45 years$1,097$646$364$199$106$7
46 years$1,061$616$342$184$96$6
47 years$1,027$588$321$170$87$5
48 years$994$561$302$157$79$4
49 years$962$536$284$145$72$4
50 years$932$512$267$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $955,000, adding $4,837 every year, while hoping to spend $41,743 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: 62/14/24 Blend
49$955,000$955,000$955,000$955,000
50$1,057,399$1,006,784$991,982$1,115,975
51$1,120,840$1,011,703$980,799$1,161,129
52$1,189,352$1,015,463$967,843$1,205,387
53$1,263,410$1,017,964$953,009$1,252,787
54$1,343,533$1,019,099$936,190$1,303,642
55$1,430,293$1,018,755$917,272$1,358,296
56$1,524,318$1,016,809$896,136$1,417,134
57$1,626,301$1,013,135$872,658$1,480,577
58$1,737,000$1,007,595$846,709$1,549,093
59$1,857,253$1,000,046$818,153$1,623,198
60$1,987,978$990,334$786,846$1,703,464
61$2,130,188$978,296$752,642$1,790,520
62$2,284,995$963,761$715,383$1,885,063
63$2,453,625$946,546$674,909$1,987,864
64$2,637,425$926,457$631,049$2,099,773
65$2,837,879$903,290$583,626$2,221,730
66$3,056,620$876,829$532,455$2,354,772
67$3,295,444$846,842$477,341$2,500,047
68$3,556,331$813,089$418,083$2,658,819
69$3,841,458$775,311$354,470$2,832,488
70$4,153,222$733,237$286,281$3,022,596
71$4,494,265$686,580$213,285$3,230,849
72$4,867,492$635,035$135,242$3,459,129
73$5,276,106$578,281$51,902$3,709,513
74$5,723,630$515,978$0$3,984,295
75$6,213,946$447,766$0$4,295,491
76$6,751,329$373,268$0$4,651,211
77$7,340,488$292,081$0$5,041,309
78$7,986,607$203,783$0$5,469,264
79$8,695,399$107,926$0$5,938,912
80$9,473,153$4,037$0$6,454,481
81$10,326,799$0$0$7,020,632
82$11,263,969$0$0$7,659,198
83$12,293,072$0$0$8,361,163
84$13,423,368$0$0$9,132,232
85$14,665,062$0$0$9,979,373
86$16,029,392$0$0$10,910,266
87$17,528,742$0$0$11,933,370
88$19,176,752$0$0$13,058,003
89$20,988,452$0$0$14,294,432
90$22,980,399$0$0$15,653,970
91$25,170,835$0$0$17,149,078
92$27,579,858$0$0$18,793,487
93$30,229,612$0$0$20,602,324
94$33,144,494$0$0$22,592,258
95$36,351,385$0$0$24,781,652
96$39,879,903$0$0$27,190,742
97$43,762,680$0$0$29,841,822
98$48,035,675$0$0$32,759,457
99$52,738,505$0$0$35,970,715
100$57,914,823$0$0$39,505,419